Slide 1: 1st Quarter Financial Results
1st Quarter Financial Results Unaudited FY 2009
Slide 2: Income Statement
FINANCIAL PERFORMANCE Income Statement Php million Q1 FY 2008 Q1 FY 2009 YoY Net Sales and Service 10,859 13,268 +22% Cost of Sales and Service 8,237 10,267 +25% Gross Profit 2,622 3,002 +14% Operating Expenses (1,706) (1,978) +10% Operating Income 917 1,024 +12% Equity in net income 10 13 Finance c
Slide 3: Balance Sheet
FINANCIAL PERFORMANCE Balance Sheet Balance Sheet FY2008 Q1 FY2009 Cash and Financial Debt (PhP MM) (PhP MM) Cash and Cash 8,195 8,968 25000 24,049 Equivalents Other Current Assets 15,184 17,675 20,548 20000 Property Plant and 24,327 24,420 Equipment – net Other non-current 10,225 9,457 14,499 14,61
Slide 4: Financial Highlights
FINANCIAL PERFORMANCE Financial Highlights Sales (PhP MM) Q1 FY 2008 Q1 FY 2009 YoY % Net Sales BCFG 8,316 10,433 +25% 13.268 10,859 Agro- Industrial 1,494 1,509 +1% 0 5,000 10,000 15,000 Commodity Foods (Net) 1,049 1,326 +26% Operating Income Total URC 10,859 13,268 +22% 1,024 917 Operating Income
Slide 5: Branded Consumer Foods
FINANCIAL PERFORMANCE Branded Consumer Foods • Philippine sales show YoY % Sales (PhP MM) Q1 FY 2008 Q1 FY 2009 impressive growth on the back of Snackfoods sales Philippines 5,932 6,935 +17% • International sales show International 2,020 3,212 +59% double-digit growth across Packaging 364 286 (21%)
Slide 6: Philippine Market: Dominant Market Share maintained
PHILIPPINE MARKET Dominant Market Share maintained CATEGORY MARKET #1 #2 #3 SHARE Snacks* 47% 19% 8% Candies 47% 10% 9% Chocolates 22% 10% 8% Cookies 37% 22% 9% Pretzels 69% 17% 10% Tomato Sauce 9% 81% 6% Canned Beans 75% 12% 7% Cup Noodles** 42% 53% 1% CATEGORY MARKET #1 #2 #3 Source: AC Nielsen su
Slide 7: Agro-Industrial Group
FINANCIAL PERFORMANCE Agro-Industrial Group URC Feeds Sales (PhP MM) Q1 FY 2008 Q1 FY 2009 YoY % • Lower volume due to less Feeds 683 617 (10%) animals on the market Farms 811 893 +10% • Higher feed prices due to existing inventories of Total 1,494 1,510 +1% corn and feed wheat; costs to decline in
Slide 8: Commodity Foods Group
FINANCIAL PERFORMANCE Commodity Foods Group URC Flour Sales (PhP MM) Q1 FY 2008 Q1 FY 2009 YoY % • Margins hit by higher- Flour 1,280 1,465 +14% cost wheat this quarter. Sugar 495 715 +44% • Price decreases this quarter after high prices Subtotal 1,775 2,180 +23% at the end of last fiscal Transfers
Slide 9: Plans and Expectations
PLANS Plans and Expectations Corporate •Rationalize capital expenditures •Reduce working capital •Temporarily halted stock buy-back program; study dividend payments •Prepare for payment of URC bond in 2010 •Pursue M&A cautiously Expectations •Positive trends in domestic BCFG to be driven by snackfoo
Slide 10: Thank You
UNIVERSAL ROBINA CORPORATION Thank You