Universal Robina Corp. · PSE:URC
Universal Robina — Q1 2020 Earnings Presentation
20 slides from Universal Robina's earnings presentation, Apr 28, 2020
Slide 1: Q1 CY2020 Unaudited Results Investor Briefing
Q1 CY2020 Unaudited Results Investor Briefing April 28,2020 Irwin C. Lee 1 Mike P. Liwanag President and CEO Senior Vice President
Slide 2: Our Agenda
Investor Presentation: Q1 CY2020 Business Results OUR AGENDA 1.) Business Updates: Our Immediate Priorities 2.) Q1 CY2020 Unaudited Financial Results 3.) Looking Ahead: Recovery linked to our strategies 2
Slide 3: Our Agenda
Investor Presentation: Q1 CY2020 Business Results OUR AGENDA 1.) Business Updates: Our Immediate Priorities 2.) Q1 CY2020 Unaudited Financial Results 3.) Looking Ahead: Recovery linked to our strategies 3
Slide 4: Our Immediate Priorities: Employee Safety and Health
OUR IMMEDIATE PRIORITIES Investor Presentation: Q1 CY2020 Business Results 1 Employee Safety and Health Provided lodging Remote working with meals & arrangements shower 4
Slide 5: Our Immediate Priorities: Product Availability
Investor Presentation: Q1 CY2020 Business Results Product 2 PRIORITIES Availability OUR IMMEDIATE 5
Slide 6: Our Immediate Priorities: Supporting Communities
Investor Presentation: Q1 CY2020 Business Results 3 PRIORITIES Supporting OUR IMMEDIATE Communities 6
Slide 7: Our Immediate Priorities: Supporting Communities
Investor Presentation: Q1 CY2020 Business Results 3 PRIORITIES Supporting OUR IMMEDIATE Communities 7
Slide 8: Our Agenda
Investor Presentation: Q1 CY2020 Business Results OUR AGENDA 1.) Business Updates: Our Immediate Priorities 2.) Q1 CY2020 Unaudited Financial Results 3.) Looking Ahead: Recovery linked to our strategies 8
Slide 9: Holding Ground in the Face of COVID-19: URC Philippines Offset International Drag
Holding Ground in the Face of COVID-19: URC Philippines Offset International Drag 33.3 33.5 +0.4% Investor Presentation: Q1 CY2020 Business Results Q1 5 • BCF Philippines and Commodity Foods remain buoyant • Agro-Industrial is down due to the previously announced SALES 4.5 downsizing and lower price
Slide 10: BCF Philippines
BCF Strong start to the year slowed by sudden implementation of PHILIPPINES enhanced community quarantine (ECQ) in March 15.2 15.7 +3% Investor Presentation: Q1 CY2020 Business Results • Q1high comparator base due to Coffee relaunch pipeline 2019 • January-February high single digit growth 5 • Sudde
Slide 11: BCF International
BCF Total URC Oceania exhibited strong results in Q1 offset by INTERNATIONAL weakness in Indochina 10.5 9.7 -8% • Sales was held back by FX by 6 growth points due to translation Investor Presentation: Q1 CY2020 Business Results Q1Oceania benefited from COVID 19 pantry stocking • URC SALES • Indochin
Slide 12: AIC: Strong Sugar/Flour business offset by AIC downsizing
AIC Strong Sugar/Flour business offset by AIC downsizing s 7.2 7.8 +9% • Investor Presentation: Q1 CY2020 Business Results Topline was driven by strong double-digit growth mainly from Q1 volumes and selling prices of SURE and higher volumes in SALES 4.0 5.0 +23% higher 5 Flour 4.5 • Decline in Agro-
Slide 13: Strong Balance Sheet and Cash Position
Strong Balance Sheet and Cash Position Cash and Financial Debt Investor Presentation: Q1 CY2020 Business Results 43.0 39.5 21.0 22.3 CY19 CY20 Cash + Financial Assets at FVPL + AFS Financial Debt Cash Position 5.8 1.8 2.7 21.8 20.5 Cash as of Dec EBITDA CAPEX Working Capital Cash as of Mar 2019 and
Slide 14: Our Agenda
Investor Presentation: Q1 CY2020 Business Results OUR AGENDA 1.) Business Updates: Our Immediate Priorities 2.) Q1 CY2020 Unaudited Financial Results 3.) Looking Ahead: Recovery linked to our strategies 14
Slide 15: Looking Ahead: Our recovery linked to our strategies
Looking Our recovery linked to our strategies Ahead People and Planet Friendly Culture • People Productivity, New Workplace • Quality/Health & Safety Enhancement • Digital Acceleration • Sustainability Savings Investor Presentation: Q1 CY2020 Business Results Products and Product Supply Chain Brands
Slide 16: Thank You
THANK YOU 16
Slide 17: Income Statement
Income Statement Q1 2020 Q1 2019 YoY (Php Millions) (Unaudited) (Unaudited) NET SALES 33,457 33,317 0.4% Investor Presentation: Q1 CY2020 Business Results Cost of Sales 23,343 23,106 1% GROSS PROFIT 10,114 10,211 -1% Operating Expense -6,148 -6,260 -2% OPERATING INCOME 3,966 3,950 0.4% Equity in net
Slide 18: Balance Sheet
Balance Sheet Q1 2020 CY 2019 (Php Millions) (Unaudited) (Audited) Investor Presentation: Q1 CY2020 Business Results Cash & cash equivalents 22,278 20,975 (including Financial assets at FVPL and FVOCI) Other current assets 45,274 43,945 Property, plant, and equipment 53,215 54,626 Other noncurrent D
Slide 19: Divisional Financials
Divisional Financials Investor Presentation: Q1 CY2020 Business Results SALES EBIT EBIT MARGIN (Php Millions) Q1 2020 Q1 2019 YoY Q1 2020 Q1 2019 YoY Q1 2020 Q1 2019 bps Branded Consumer 25,673 26,157 -2% 3,188 3,126 2% 12.4% 11.9% 47 Foods Total Philippines 15,953 15,612 2% 2,394 2,046 17% 15.0% 13
Slide 20: Value Market Shares
Value Market Shares Philippines Thailand MARKET CATEGORY MARKET SHARE #1 #2 #3 CATEGORY #1 #2 #3 SHARE Investor Presentation: Q1 CY2020 Business Results Biscuits 25.0% URC 11.4% 8.1% Snacks 35.9% URC 22.6% 5.9% Wafers 23.2% URC 11.9% 9.4% Candies 26.0% URC 12.5% 10.7% Vietnam Chocolates 20.7% URC 13