Savola Group · TADAWUL:2050
Savola — Q1 2022 Earnings Presentation
24 slides from Savola's earnings presentation, 2022
Slide 1: Savola Group Earnings Presentation Q1 2022
Savola Group www.savola.com Earnings Presentation | Q1 2022
Slide 2: Disclaimer
DISCLAIMER This presentation might contain forward-looking statements which may be identified by the use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “estimates” or other words of similar meaning. All statements that address expectations or projections
Slide 3: Group Key Financial Highlights; Performance by Segment
1. Group Key Financial Highlights 2. Performance by Segment 3
Slide 4: Group - Highlights
GROUP - HIGHLIGHTS • During Q1 2022, Savola Group witnessed YoY improvement in revenues across all business segments; driven by: • Foods segment witnessed increases in prices in response to higher commodity Business Highlights prices and continued B2B volume growth • Retail segment showed topline gr
Slide 5: Group – Consolidated Financial Highlights
GROUP – CONSOLIDATED FINANCIAL HIGHLIGHTS Margin SAR in millions Q1-21 Q1-22 Q1-21 Q1-22 ▪ Group reported YoY growth due to: Q1-19 ⁻ Higher prices and continued growth of B2B channel in the +26% +6% foods segment ⁻ YoY growth in retail segment Sales 7,489 Gross Profit 1,212 1,285 driven by earlier R
Slide 6: Group – Revenue & Net Income Bridge by Business
GROUP – Revenue & Net Income Bridge by Business Revenue Bridge by Business Net Income Bridge by Business* SAR in millions SAR in millions +26% +53% 1,422 86 18 9 0 7,489 70 271 (13) 5,954 17 4 1 16 23 177 154 Q1 2021 Food Retail Food Frozen Others / Q1 2022 Reported Emerging Adj Q1 Food Retail Food
Slide 7: Group – Revenue Mix, Net Debt & Capex
GROUP – REVENUE MIX, NET DEBT & CAPEX Revenue by Business Revenue by Geography Q1-21 Q1-22 Q1-21 Q1-22 5% 4% 4% 11% 13% 2% 2% 5% 48% 37% 17% 57% 17% 45% 69% 65% Food Processing Retail Food Services Frozen Food KSA Egypt Central Asia Others YoY Growth +49% +3% +6% +5% +18% +30% +62% +53% Loans and Ne
Slide 8: Selected Commodity Snapshots (FAO)
SELECTED COMMODITY SNAPSHOTS (FAO) FAO Food Price Index (rebased)(1) FAO Vegetable Oils Index (rebased)(2) FAO Sugar Index (rebased)(3) 156 232 155 135 150 220 135 130 145 125 200 140 120 135 180 115 130 160 110 125 105 120 140 100 115 110 95 120 105 90 100 100 85 95 80 80 90 75 85 60 70 Jan-20 Jul-
Slide 9: Group Key Financial Highlights; Performance by Segment
1. Group Key Financial Highlights 2. Performance by Segment 9
Slide 10: Panda Retail Company
JgbLa SAVOLA Panda Retail Company 10
Slide 11: Retail - Highlights
RETAIL - HIGHLIGHTS • Panda has kicked-off its wave 1 of the CXR program during Q1 2022 with continued focus on uplifting customer experience while working towards achieving turnaround targets Key Highlights • FMCG market in Saudi Arabia for Jan-Mar 2022 period remained relatively flat with 0.5% YoY
Slide 12: Retail – Financial Highlights
RETAIL – FINANCIAL HIGHLIGHTS Margin SAR in millions Q1-21 Q1-22 Q1-21 Q1-22 ▪ Growth in topline driven by Ramadan season falling in Q1 despite store closures (10 less stores than Q1 2021) and +3% -2% renovations as part of Panda’s CXR Program Sales 2,720 2,806 Gross Profit 606 591 ▪ The gross margi
Slide 13: Retail – Number of Stores
RETAIL – NUMBER OF STORES Super Hyper 132 132 63 63 Jan Additions Closures Mar Jan Additions Closures Mar 2022 2022 2022 2022 Total Jan-22 Mar-22 Selling Area Selling Area 594,357 m2 594,357 m2 195 195 Jan Additions Closures Mar 2022 2022 Note: by 31st March 2022 , total of 10 stores have been close
Slide 14: Savola Foods Company
JgbLa SAVOLA Savola Foods Company ayac il Foods Jgbls SAVOLA 14
Slide 15: Foods - Highlights
FOODS - HIGHLIGHTS • Savola Foods continued to report strong results and overall growth in topline and Key Highlights profitability despite global inflationary pressure and market conditions • Foods business overall volumes increased by around 3% in Q1 2022 compared to last year – primarily attribut
Slide 16: Foods – Financial Highlights
FOODS – FINANCIAL HIGHLIGHTS Margin SAR in millions Q1-21 Q1-22 Q1-21 Q1-22 ▪ Foods segment grew due to higher pricing and better B2B volumes Q1-19 +49% +18% ▪ The gross margin declined due to increase in raw material costs, Sales 4,328 Gross Profit 466 549 despite increase in selling prices 2,906 f
Slide 17: Foods – Oil Segment Analysis
FOODS – OIL SEGMENT ANALYSIS SAR in millions Volume (MT ‘000) Revenues Q1-21 Q1-22 Q1-21 Q1-22 +15% 553 YoY Growth 3,015 YoY Growth 6% Morocco +11% 4% 6% Morocco +46% 480 +62% *Sudan -15% 9% 6% Sudan +18% 6% 6% Algeria +44% 6% Algeria +46% 7% 7% 9% Turkey +36% Turkey +20% 7% 11% Central Asia +66% Ce
Slide 18: Foods – Sugar Segment Analysis
FOODS – SUGAR SEGMENT ANALYSIS SAR in millions Volume (MT ‘000) Revenues Q1-21 Q1-22 Q1-21 Q1-22 YoY Growth +5% YoY Growth 409 -10% 826 Egypt -55% 784 Egypt -45% 9% KSA -1% 17% 367 KSA +16% 9% 17% 91% 83% 91% 83% Gross Profit / Ton (SAR) 215 146 Note: Sugar volumes and revenues include only the cont
Slide 19: Al Kabeer Group of Companies
Al Kabeer Group of Companies 19
Slide 20: Frozen Food - Highlights
FROZEN FOOD - HIGHLIGHTS • The frozen food continues to show resilient performance despite constraints on sourcing of poultry and increase in input costs as result of global market conditions and Key Highlights geopolitical issues • Supply chain challenges and changing regulatory environment continu
Slide 21: Frozen Foods – Consolidated Financial Highlights
FROZEN FOODS – CONSOLIDATED FINANCIAL HIGHLIGHTS Margin SAR in millions Q1-21 Q1-22 Q1-21 Q1-22 ▪ Frozen Food revenues grew mainly from KSA and UAE and driven by growth in the Q1-19 B2B/HORECA channel. +5% +7% ▪ EBITDA increased driven by Sales 175 184 Gross Profit 61 66 marginal improvement in gros
Slide 22: Financial Summary
JgbLa SAVOLA Financial Summary 22
Slide 23: Financials – Q1 2022
FINANCIALS – Q1 2022 (all figures are in SAR millions) Segment Wise Financials Q1 2022 Q1 2021 Revenue Gross Profit EBIT Net Income EBITDA Revenue Gross Profit EBIT Net Income EBITDA Food Processing* Oil-Mature Markets 2,492 361 202 112 228 1,469 299 130 71 154 Oil-Other Markets** 523 45 21 6 26 387
Slide 24: Thank you
JQGoLA SAVOLA Thank you vola.com 24