Rcl Foods Limited · JSE:RCL
Rcl Foods — FY2018 Earnings Presentation
22 slides from Rcl Foods's earnings presentation, Aug 29, 2018
Slide 1: Investor Presentation: Appendices
2018 INVESTOR PRESENTATION: APPENDICES 29 AUGUST 2018 RESULTS FOR THE YEAR ENDED JUNE 2018
Slide 2: RCL Foods in Context
INVESTOR PRESENTATION APPENDICES RCL FOODS IN CONTEXT CONSUMER BANKING HEALTHCARE INSURANCE INDUSTRIAL INFRASTRUCTURE MEDIA & SPORT PRODUCTS 2
Slide 3: Areas of Business
INVESTOR PRESENTATION APPENDICES AREAS OF BUSINESS 3
Slide 4: Our Passion
INVESTOR PRESENTATION APPENDICES OUR PASSION 4
Slide 5: Our Business Model, Our Strategic Thrusts
INVESTOR PRESENTATION APPENDICES OUR BUSINESS MODEL OUR STARTEGIC THRUSTS Our business model is delivered through our six strategic thrusts 5
Slide 6: Our Way
INVESTOR PRESENTATION APPENDICES OUR WAY OUR VALUES OUR WAY Four Powerful Values Inspired by Our Passion and Drive the way we do business Our Values Inspired by Our Passion and Our Values, our unique RCL FOODS culture is at the heart of our strategy. This is brought to life in Our Way Respect for Un
Slide 7: Performance
INVESTOR PRESENTATION APPENDICES PERFORMANCE REVENUE (Rbn) EBITDA (Rm) 2 224.0 25.0 25.0 24.4 2 046.0 23.4 1 762.4 1 747.6 19.5 1 206.1 1 201.0 1 122.2 1 152.2 12.9 13.1 12.8 12.0 900.4 10.1 8.7 688.3 4.5 196 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 INTERIM FULL YEAR INTERIM FULL YEAR OVER
Slide 8: Our Brands
INVESTOR PRESENTATION APPENDICES OUR BRANDS RELATIVE SALES (12 Months to June 2018) 6 BRANDS OVER R1bn 3 BRANDS OVER R500m 11 BRANDS OVER R100m 10 BRANDS UNDER R100m 8
Slide 9: Market Share
INVESTOR PRESENTATION APPENDICES MARKET SHARE VOLUME SHARE % FOR THE PERIOD 6MM June 18 12MM June 18 12MM June 17 SOURCE Dogfoods (RCL FOODS Brands) 29.5 28.9 26.8 Aztec* Catfoods (RCL FOODS Brands) 27.4 26.4 20.4 Aztec Yum Yum Peanut Butter 31.7 30.7 31.2 Aztec Nola Mayonnaise 47.2 43.6 42.9 Aztec
Slide 10: Commodity Prices
3500 3700 3900 4100 4300 4500 4700 4900 1-Jul-16 1-Aug-16 Source: Reuters 1-Sep-16 1-Oct-16 1-Nov-16 1-Dec-16 F17 1-Jan-17 R4 168 AVG Price 1-Feb-17 1-Mar-17 1-Apr-17 1-May-17 1-Jun-17 1-Jul-17 1-Aug-17 1500 2000 2500 3000 3500 4000 4.0% 1-Sep-17 1-Jul-16 1-Oct-17 1-Aug-16 1-Nov-17 1-Sep-16 1-Dec-17
Slide 11: Material Financial Impacts
INVESTOR PRESENTATION APPENDICES MATERIAL FINANCIAL IMPACTS CURRENT PERIOD Profit on sale of dormant farms in the Chicken business unit of R101.4m, stemming from the decision to reduce commodity chicken volumes in the prior year Once-off costs of R78.2m (net of insurance recoveries of R9.3m) incurre
Slide 12: Material Financial Impacts
INVESTOR PRESENTATION APPENDICES MATERIAL FINANCIAL IMPACTS IAS 39 IMPACTS Positive IAS 39 adjustment associated with the Group's commodity raw material procurement strategy, which increased EBITDA by R80.8 million for the current period (2017: R32.4 million negative adjustment) The R113.2 million g
Slide 13: Consumer: Chicken
INVESTOR PRESENTATION APPENDICES CONSUMER: CHICKEN INTEGRATED SUPPLY CHAIN FROM “FARM TO FORK” GP OPERATION AGRICULTURE PROCESSING GRANDPARENT BROILER CHICKS GRANDPARENT FARMS PARENT FARMS FARMS PROCESSING REARING LAYING HATCHING REARING LAYING HATCHING GROWING BROILER 21 WEEKS 40 WEEKS 3 WEEKS 21 W
Slide 14: Consumer: Chicken
INVESTOR PRESENTATION APPENDICES CONSUMER: CHICKEN Limpopo Province The Chicken business unit produces a wide range of chicken products under 3 well established brands; Rainbow, Simply Chicken and Farmer Brown. Botswana Rustenburg Mpumalanga Windhoek North West Gauteng 180 rearing, laying and broile
Slide 15: Consumer: Groceries
INVESTOR PRESENTATION APPENDICES CONSUMER: GROCERIES GROCERY PIES The Grocery business unit consists of a portfolio of leading South The Pies business unit produces a range of high quality pies African brands spanning staples to top end offerings across a range under the Pieman’s brand in frozen unb
Slide 16: Consumer: Groceries
INVESTOR PRESENTATION APPENDICES CONSUMER: GROCERIES BEVERAGES SPECIALITY The Beverages business unit produces a maize-based drink under The Speciality business unit produces a range of superior ready to the Mageu No 1, Smooth and Mnandi brands. eat products, including speciality breads, mainly for
Slide 17: Sugar & Milling: Sugar
INVESTOR PRESENTATION APPENDICES SUGAR & MILLING: SUGAR Limpopo Province The Sugar business unit produces a range of sugar products under the leading sugar brand Selati. Tzaneen Malelane Botswana Pretoria Komati Windhoek North Nelspruit West Gauteng Mpumalanga Namibia Pongola KwaZulu Natal Free Stat
Slide 18: Sugar Imports and Duties
INVESTOR PRESENTATION APPENDICES SUGAR IMPORTS AND DUTIES 500 000 3 000 450 000 • Cumulative tons imported from 1 2 500 April 2016, 2017 and 2018 (start 400 000 CUMULATIVE TONS IMPORTED (SOUTH AFRICA) of industry year) 350 000 • A total of 431 376 tons have been 2 000 imported for the 12 months ende
Slide 19: Sugar & Milling: Millbake
INVESTOR PRESENTATION APPENDICES SUGAR & MILLING: MILLBAKE BAKING MILLING The Baking operations produce a range of bread products under The Milling operation produces flour and a range of maize meal the Sunbake brand - the fourth largest bread brand nationally. products at its flour mill - the large
Slide 20: Sugar & Milling: Animal Feed
INVESTOR PRESENTATION APPENDICES SUGAR & MILLING: ANIMAL FEED The Animal Feed business unit produces grain and Limpopo molasses based feeds for a range of species including game, Province dairy, poultry, horse, pigs and ruminants, under the brands of Epol and Molatek. 3 molasses based feed mills pro
Slide 21: Customer Overview: Logistics
INVESTOR PRESENTATION APPENDICES CUSTOMER OVERVIEW: LOGISTICS CUSTOMER SECONDARY DISTRIBUTION (CSD) PRINCIPAL SECONDARY DISTRIBUTION (PSD) Vector is contracted by the customer to deliver their full basket of Vector is contracted by the principal to deliver to all retailers, products directly to the
Slide 22: Network Overview: Logistics
INVESTOR PRESENTATION APPENDICES NETWORK OVERVIEW: LOGISTICS Limpopo Province • National footprint extending into Namibia and Botswana Polokwane • 6 plant-based cold stores Pretoria West Botswana • 13 distribution sites Rustenburg Mpumalanga • Storage capacity for over 100 600 pallets Windhoek North