Vietnam Dairy Products Corp. · HOSE:VNM
Vietnam Dairy Products — Vietnam Dairy Products JSC — Q3 2021 Earnings Presentation
14 slides from Vietnam Dairy Products's earnings presentation, Oct 29, 2021
Slide 1: Vietnam Dairy Products JSC 3Q2021 Earnings Presentation
VIETNAM DAIRY PRODUCTS JSC 3Q2021 EARNINGS PRESENTATION O c t o b e r, 2 0 2 1
Slide 2: Agenda
AGENDA 01 3Q2021 and 9M2021 Financial Performance Highlights 02 Operational Updates 03 Appendix All content © Vietnam Dairy Products JSC 4
Slide 3: Agenda: Financial Performance Highlights
AGENDA 01 3Q2021 and 9M2021 Financial Performance Highlights 02 Operational Updates 03 Appendix All content © Vietnam Dairy Products JSC 5
Slide 4: 3Q2021 sales exceeded 16 trillion dong for the first time
3Q2021 sales exceeded 16 trillion dong for the first time NET REVENUE (VND billion) Consolidated Domestic Foreign 16,194 13,752 2,442 3% QoQ 3.8% QoQ 0.9% QoQ 4.1% YoY 3.7% YoY 6.2% YoY Quarterly consolidated net revenue Geographic revenue breakdown (VND billion) 5.5% 15,716 16,194 3Q21 15,563
Slide 5: Domestic recovered, overseas subsidiaries grew significantly
Domestic recovered, overseas subsidiaries grew significantly DOMESTIC REVENUE RETURNED TO GROWTH EXPORT REVENUE REMAINED STABLE Domestic business posted net revenue of VND 13,752 billion, up 3.7% Export posted net revenue of VND 1,556 billion, almost flat YoY, in which: YoY, in which parent company’
Slide 6: Product innovation
Product innovation In Q3, Vinamilk launched and re-launched 9 products, raising the total number of new products in 2021 to more than 15 8 All content © Vietnam Dairy Products JSC
Slide 7: Net profit margin was flat QoQ
Net profit margin was flat QoQ GPM SG&A exp ratio NPM 46.7% 46.2% 43.6% 43.6% 42.9% 31.3% 24.1% 22.4% 22.7% 22.9% 20.2% 19.7% 18.2% 18.3% 15.5% 3Q20 4Q20 1Q21 2Q21 3Q21 Gross margin slightly reduced QoQ The SG&A expenses ratio lowered YoY Consolidated NPAT margin • Input cost increased due to the gl
Slide 8: Moc Chau Dairy Breeds JSC (MCM)
Moc Chau Dairy Breeds JSC (MCM) • Q3 nett revenue +2.7% YoY to the all-time high of VND 795 billion; Financial performance of MCM • Maintained the partnership with major supermarkets such as VinCommerce, (VND billion) Big C, CoopMart... as well as mom and kid stores such as Con Cung, Kidz Net revenu
Slide 9: Accumulated 9M2021 performance
Accumulated 9M2021 performance (VND billion) Consolidated Moc Chau Milk JSC NET REVENUE 45,100 2,207 Guidance comparison 0.2% YoY 3% YoY GROSS PROFIT MARGIN 43.4% 30.3% Total revenue, 312 đcb YoY 64 đcb YoY 73% EBITDA 11,886 5.9% YoY NET PROFIT AFTER TAX 8,420 231 6.4% YoY 10.8% YoY NPAT, 75%
Slide 10: Agenda: Operational Updates
AGENDA 01 3Q2021 and 9M2021 Financial Performance Highlights 02 Operational Updates 03 Appendix All content © Vietnam Dairy Products JSC 12
Slide 11: Joint ventures
Joint ventures October 2021, Del Monte-VNM joint venture officially introduced 4 products lines in Philippines with the revenue target of USD 9 million in the first year and market share target of 10% in mid-long run Vibev is expected to introduce the products in 4Q2021. 13 All content © Vietnam Dai
Slide 12: Agenda: Appendix
AGENDA 01 3Q2021 and 9M2021 Financial Performance Highlights 02 Operational Updates 03 Appendix All content © Vietnam Dairy Products JSC 14
Slide 13: Summary of 3Q21 & 9M21 Consolidated Financial Results
Summary of 3Q21 & 9M21 Consolidated Financial Results (VND billion) 3Q2021 3Q2020 9M2021 9M2020 Total Revenue 16,208 15,577 45,178 45,293 Net Revenue 16,194 15,563 45,100 45,211 Domestic 13,752 13,264 38,182 38,720 Foreign 2,442 2,299 6,918 6,491 Gross Profit 6,944 7,267 19,553 21,010 Domestic 5,907
Slide 14: IR Contacts
IR Contacts: TRUNG, DONG – IR Manager E dqtrung@vinamilk.com.vn T +84 028 54 155 555 / Nhánh 108247 All content © Vietnam Dairy Products JSC 17
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