Zambeef Products Plc · LSE:ZAM
Zambeef Products — H1 2015 Earnings Presentation
17 slides from Zambeef Products's earnings presentation, Mar 31, 2015
Slide 1: Interim Results for the six months to 31 March 2015
Interim Results for the six months to 31 March 2015
Slide 2: Disclaimer
Disclaimer THIS DOCUMENT (“DOCUMENT”) IS STRICTLY CONFIDENTIAL AND IS BEING PROVIDED TO YOU SOLELY FOR YOUR GENERAL BACKROUND INFORMATION. THE DISTRIBUTION OF THIS DOCUMENT MAY BE RESTRICTED BY LAW. ACCORDINGLY, THIS DOCUMENT MAY NOT BE DISTRIBUTED IN ANY JURISDICTION EXCEPT IN ACCORDANCE WITH THE L
Slide 3: Overview
Overview HIGHLIGHTS GROSS PROFIT 2015: USD 50.0m 9.2% EBITDA INCREASED NET CASH INFLOW 2014: USD 46.0m GROUP GROSS PROFITS by 36.3% to USD 12.0m from operating activities INCREASED excluding Zamanita INCREASED by 9.2% to USD 50m EBITDA including Zamanita (67.3% to USD 14.0m by 131% to USD 26m (2014:
Slide 4: H1 2015 Financials
H1 2015 Financials 4
Slide 5: Abridged Income Statement
Abridged Income Statement 31 March 2015 31 March 2014 USD'000 USD'000 % Change Revenue 130 662 140 230 -6.82% Gross Profit 50 075 45 852 9.21% Administrative Expenses (40 466) (43 152) -6.22% Administrative Expenses (excluding depreciation) (35 328) (37 918) -6.83% Operating Profit 9 609 2 700 255.8
Slide 6: Abridged Balance Sheet
Abridged Balance Sheet 31 March 2015 31 March 2014 30 September 2014 USD'000 USD'000 USD'000 Non-Current Assets 234 483 255 999 257 182 Current Assets 86 434 106 174 115 538 Total Assets 320 916 362 173 372 720 Capital and Reserves 179 658 216 293 214 249 Non-Current Liabilities 57 191 67 651 63 374
Slide 7: Abridged Cash Flow
Abridged Cash Flow 31 March 2015 31 March 2014 30 September 2014 USD'000 USD'000 USD'000 Profit Before Taxation (3 791) (6 537) (3 598) EBITDA 11 644 8 544 18 259 Movement in Working Capital 14 392 2 719 (4 456) Cash inflow/(outflow) from Operating Activities 26 036 11 263 13 803 Cash inflow/(outflo
Slide 8: Divisional Revenue and Gross Profit
Divisional Revenue and Gross Profit 2015 2014 2015 2014 Gross Revenue Revenue 2015 2014 Gross Profit 2015 2014 2015 2014 Profit % of Segment USD'000 USD'000 % Change % of Group % of Group USD'000 USD'000 % Change % of Group GP % GP % Group Crop-Row Crops 25 333 28 315 -10.53% 15.98% 16.79% 15 132 13
Slide 9: Divisional Review
Divisional Review PERISHABLES FARMING MANUFACTURING BEEF CROPPING EDIBLE OILS 33.93% 11.65% 26.26% GP: USD 10.1m GP: USD 15.1m GP: USD 4.6m • Commercial cattle supply stable • 16,104 Ha planted • Crushed 34,050 M.T. • Traditional cattle supply pressure – predominantly soya and maize • Challenges – E
Slide 10: Segmental Summary
30.22% 15.98% Crops 29.56% 16.79% Crop-Row 20.15% 17.89% Beef 16.43% 17.86% 9.66% 18.44% Feed Stock 10.68% 16.34% 9.14% 14.02% Oils Edible 13.54% 18.97% 7.70% 4.74% Milk 7.34% 3.96% Segmental Summary 6.67% 8.08% 6.70% Chicken 7.75% 4.44% 7.22% Pork 2.47% 5.19% 3.39% 5.02% 4.44% 4.25% Nigeria Master
Slide 11: Divisional 2015 & 2014 Gross Profit (USD'000)
Divisional 2015 & 2014 Gross Profit (USD’000) 15,132 16,000 13,553 14,000 GROSS PROFIT (USD) 2015 2014 12,000 10,091 10,000 7,535 8,000 6,206 6,000 4,898 4,836 4,577 3,855 3,364 3,338 3,072 4,000 2,225 2,036 1,968 1,372 1,130 2,000 994 963 916 910 873 762 512 450 360 - Crop-Row Beef Stock Edible Mil
Slide 12: Retail
Retail 39 SHOPRITE STORES 23 in Zambia, 11 in Nigeria, 5 in Ghana CORE COLD CHAIN FOOD PRODUCT REVENUE 98 2 NEW SHOPRITE STORES ZAMBEEF STORES 93 in Zambia, 5 in Nigeria opened during H1 2015 – 1 in Zambia, 1 in Ghana Beef Chicken New Zambeef NEW PROCESSING AND WHOLESALE OPENED DISTRIBUTION HUB at K
Slide 13: Outlook
Outlook Focus on Strategic Priorities: Retailing of cold chain meat Chicken Breeder Farm, Trading continuing and dairy products Hatchery and new West African trend set in H2 2014 Unlocking value and capital gains Stock Feed Plant at expansion and H1 2015 within the group and reducing Mpongwe Farm de
Slide 14: Appendices
APPENDICES APPENDICES Appendices 14
Slide 15: The Zambeef Platform in Africa
The Zambeef Platform in Africa Zambia • One of the fastest growing economies in Sub-Saharan Africa (“SSA”). • GDP growth averaging >6.5% over last five years and forecast to grow at c.6% over next three years. • Rapidly expanding consumer base, driven by an emerging middle class and high levels of u
Slide 16: Why Invest In Africa?
Why Invest In Africa? TODAY FUTURE Strengthening external demand is expected Increased to 4.7% in 2013 supported by to support growth over the forecast period, GDP Growth robust domestic demand, notably with GDP growth projected to rise to 5.5% investment growth in 2016 Estimated to increase to 1.4
Slide 17: Private Bag 17 Private Bag 17 Plot 4970
Private Bag 17 Private Bag 17 Plot 4970 Woodlands Woodlands PlotIndustrial Manda Road 4970 Area Manda Road Industrial Area Lusaka Lusaka Zambia Zambia Tel: +260 211 369 000 Tel:Fax: +260 211 211 +260 369 369 000 050 Fax: +260 211 369 050 www.zambeefplc.com www.zambeefplc.com 17