Almarai Company · TADAWUL:2280
Almarai — Q1 2012 Earnings Presentation
16 slides from Almarai's earnings presentation, 2012
Slide 1: Almarai Company 2012 Q1 Earnings Presentation
Almarai Company 2012 Q1 Earnings Presentation
Slide 2: Disclaimer
Disclaimer Information contained in this presentation is subject to change without further notice, its accuracy is not guaranteed and it may not contain all material information concerning the company. Neither we nor our advisors make any representation regarding, and assume no responsibility or lia
Slide 3: Highlights
Highlights Sales momentum continues into 2012 Q1 2012 vs Q1 2011 Revenue growth 17.0 % from SAR 1,743.6 million to SAR 2,040.3 million Net Income Growth 2.9% from SAR 235.2 million to SAR 242.1 million • Top line growth of 17.0% versus Q1, 2011 is testament to our unwavering commitment towards quali
Slide 4: Product Innovation (cont.)
Product Innovation (cont.) Almarai Company 2012 Q1 Earnings Presentation 4
Slide 5: Product Innovation
Product Innovation Almarai Company 2012 Q1 Earnings Presentation 5
Slide 6: Statement of Income
Statement of Income Income Statement 1st Quarter SAR million 2012 2011 Change Net Sales 2,040.3 100.0% 1,743.6 100.0% 17.0% Cost of sales (1,333.0) (65.3%) (1,109.4) (63.6%) 20.2% Gross Profit 707.3 34.7% 634.2 36.4% 11.5% Selling and Distribution Expenses (344.7) (16.9%) (278.3) (16.0%) 23.9% Gener
Slide 7: Accounting Disclosure
Accounting Disclosure • The quarterly accounts include a few material entries which are discussed in detail below: • Acquisition cost for Blue Yulan/Fondomonte: • Total acquisition cost related to purchase of Blue Yulan amounted to SAR 9.4M. This cost was capitalised in the last quarter however as p
Slide 8: Sales Analysis by Product & Region
Sales Analysis by Product & Region Sales by Product Sales by Product Group 1st Quarter Sales by Region 2012 SAR Million 2012 2011 % change Fresh Dairy 808.2 739.3 9.3% Long-Life Dairy 213.5 186.8 14.3% Bahrain UAE 2.1% 11.0% Oman Fruit Juice 207.3 166.2 24.7% Qatar 5.6% 4.5% Cheese & Butter 394.9 36
Slide 9: Robust revenue growth with challenging but anticipated EBIT trend
Robust revenue growth with challenging – but anticipated – EBIT trend Revenue and Net Operating Income Evolution 22.6% 21.8% 22.7% 20 .7% 21.0 % 21.1% 23 .2% 21.0 % 20 .1% 19.4% 19.1% 18.4% 8,2 48 7,95 1 SAR in Million CAGR 2001 – 2011: 18.9% (w/o impact of acquisitions 16.7%) 6,931 CAGR 2004 – 2011
Slide 10: Quarterly Performance – Net Income
S AR Million 0 50 250 400 100 150 200 300 350 450 500 78.0 Almarai Company 90.6 12 2.8 162 .2 197.4 2 34.1 2 35.2 2 42.1 100.3 12 1.8 165 .3 2 35.2 2 87.1 343.1 349.3 100.9 2012 Q1 Earnings Presentation 12 2.6 186.1 2 93.7 363.4 42 4.5 42 9.7 106.9 Quarterly Performance – Net Income 130.2 193.1 2 19
Slide 11: Cash Flow Statement
Cash Flow Statement 1st Quarter SAR Million 2012 2011 From Operating Activities 383.4 266.1 Used in Investing Activities (832.5) (669.1) From Financing Activities 464.9 297.3 Increase/(Decrease) in Cash 15.9 (105.7) Cash at beginning of period 272.0 240.8 Cash at end of period 287.9 135.0 Almarai Co
Slide 12: Balance Sheet
Balance Sheet SAR Million 31.03.12 31.03.11 Balance Sheet Net operating working capital 1,037 797 Biological Assets 855 782 Property,Plant and Equipment 11,854 8,407 Net operating assets 13,746 9,986 Intangible Assets - Goodwill 1,383 793 Investment and Financial Assets & deferred charges 596 965 15
Slide 13: Segment Reporting
Segment Reporting Arable and Dairy & Other Almarai SAR Million Bakery Poultry Horticultur Juice Activities Consolidated e Q1 2012 Sales 1,639.0 293.5 95.4 24.5 0.0 2,052.4 Third Party Sales 1,635.7 293.5 95.4 15.7 0.0 2,040.3 Net Depreciation (102.2) (26.1) (10.1) (16.6) 0.0 (155.1) Income/(loss) be
Slide 14: 2012: Achievements to date & Key Focus Areas
2012: Achievements to date & Key Focus Areas • As highlighted earlier in 2012, we have continued our journey to excel in all 4 key focus areas: Drive growth across our portfolio Strong Q1 results including strong bakery results buoyed by GCC distribution Sales growth is expected to continue fo
Slide 15: Q&A
Q&A Almarai Company 2012 Q1 Earnings Presentation 15
Slide 16: Thank you
Almarai Company Thank you Exit 7, North Circle Road Al Izdihar District P.O. Box 8524 Riyadh, 11492 Saudi Arabia Contact for investor relations matters: Khalid M. Al Nasser +966 1 470 00 05 ext 1280 investor.relations@almarai.com