Astarta Holding PLC · GPW:AST
Astarta — Q1 2011 Earnings Presentation
13 slides from Astarta's earnings presentation, May 2011
Slide 1: ASTARTA Holding N.V. Results of the 1Q 2011
ASTARTA Holding N.V. Results of the 1Q 2011 May, 2011
Slide 2: Disclaimer
Disclaimer This presentation is being provided to you solely for your information and may not be reproduced or further distributed to any other person or published, in whole or in part, for any purpose. This presentation comprises the written materials/slides for a presentation concerning ASTARTA Ho
Slide 3: Agenda
Agenda Introduction Key Financial Highlights Key Operational Highlights Segments Overview Business Outlook Financials 3
Slide 4: Introduction
Introduction Macroeconomics • Provisional estimates from the Government and NBU suggest Ukraine‟s real GDP rose by 5% to 6% y-o-y in 1Q11. The forecast for 2011 GDP growth at 4.5% y-o-y, one of the highest growth projections in the regional peer group • Inflation in1Q11 was 3,3% compared with 4,7% i
Slide 5: Solid 1Q 2011 results
Solid 1Q 2011 results Key financials Key financial highlights EUR '000 1Q 2011 1Q 2010 • Revenues increased by 13% y-o-y to EUR 50,8 million Revenue 50 752 44 905 growth, % 13,0% 75,2% • Profit from operations grew from EUR 19,4 million to EUR 21,7 million, the EBIT margin constituted 43% EBITDA 25
Slide 6: Key Financial Highlights
Key Financial Highlights External Revenue Breakdown 1Q 2011 1Q 2010 Other sales Other sales Cattle 1% Cattle farming 1% farming 10% 8% Crops 19% Crops 26% Sugar Sugar 56% 70% Sugar by- products 2% Sugar by- products 7% • Revenues demonstrated solid 13% growth, sugar and sugar by-products sales remai
Slide 7: Segment highlights – Agriculture
Segment highlights – Agriculture Segment operations Average grain prices in 2008-11 (USD / tonne, incl. VAT) Key facts 2000 • Company has increased its land bank to 225 ths ha • Following an increase in land bank company enlarged its machinery fleet by 1800 Corn Wheat Barley more than 200 units 1600
Slide 8: Segment highlights – Sugar
Segment highlights – Sugar Segment operations Key players in the sugar market 2010, volume New production season ASTARTA • Sugar production season to start at the end of August 13% • ASTARTA intends to produce 350 ths tonnes of sugar this year • The company plans to increase its production capacitie
Slide 9: Segment highlights – Cattle farming
Segment highlights – Cattle farming Segment operations Dairy cattle farming in Ukraine Key facts • The second phase of the modern dairy livestock facility was 4,5 launched bringing its total capacity up to 1200 cows • 13,8 ths tonnes of milk produced in 1Q 2011 (+33% y-o-y) 14 • Total cattle headcou
Slide 10: Business outlook
Business outlook Management positive on market outlook in key business segments Astarta is well positioned to reinforce its leading role in agriculture, sugar and cattle farming operations Well-invested assets, efficient facilities, infrastructure and equipment to provide for better production econo
Slide 11: Balance sheet
Balance sheet EUR '000 2007 2008 2009 2010 1Q 2010 1Q 2011 PP&E 77 919 72 717 105 495 140 282 118 545 136 267 Biological assets 6 380 5 150 12 747 14 926 15 257 15 932 Other 1 228 5 796 5 601 7 472 5 964 28 884 Non-current assets 85 527 83 663 123 843 162 680 139 766 181 083 Inventories 51 855 55 37
Slide 12: Income statement
Income statement EUR '000 2007 2008 2009 2010 1Q 2010 1Q 2011 Revenue 87 747 123 382 128 239 219 330 44 905 50 752 Cost of goods sold -66 867 -96 262 -82 638 -128 319 -19 860 -27 109 Gain (loss) from produce remeasurement 3 722 7 527 -2 241 177 -1 374 -1 877 Gross profit 24 602 34 647 43 360 91 188
Slide 13: Cash flow statement
Cash flow statement EUR '000 2007 2008 2009 2010 1Q 2010 1Q 2011 (Loss) profit before tax 21 418 -10 803 29 874 79 626 19 289 20 452 Adjustments for: Depreciation and amortization 5 043 9 450 8 178 13 198 3 570 3 653 Gain on acquisition of subsidiaries -5 050 -8 951 -172 -4 016 -953 -2 531 Interest