AGRANA Beteiligungs-AG · VIE:AGR
AGRANA Beteiligungs-AG — Q1 2011|12 Earnings Presentation
21 slides from AGRANA Beteiligungs-AG's earnings presentation, Jul 14, 2011
Slide 1: AGRANA Beteiligungs-AG Results for the first quarter of 2011|12
AGRANA Beteiligungs- Beteiligungs-AG Results esu ts for o the t e first st quarter qua te of o 2011|12 0 | (March 1 – May 31, 2011) July 14, 2011| slide 1
Slide 2: Financial Highlights Q1 2011|12
Financial Highlights Q1 2011|12 Group revenue up to € 612.9m (Q1 2010|11: € 540.5m) p Improvement in operating p g profit p up p to € 61.6m (Q (Q1 2010|11: | € 34.3m)) Operating margin rose to 10.1% (Q1 2010|11: 6.3%) P fit ffor th Profit the period i d iincreased d to t € 43.1 43 1 (Q1 2010|11: 201
Slide 3: AGRANA's Revenue by Segment
AGRANA’s Revenue by Segment €m +13.4% 612.9 Fruit 540 5 540.5 Starch +6.1% Sugar 237.5 223.9 Q1 2010|11 Q1 2011|12 +42.8% 193.3 135 4 135.4 29.7 33.5 38.8 % 41.4 % % % +0.4% 181.2 182.0 25.1 31.5 % % Q1 2010|11 Q1 2011|12 July 14, 2011| slide 3
Slide 4: AGRANA's Operating Profit by Segment
AGRANA’s Operating Profit by Segment Fruit Starch €m Sugar +79.6% 61.1 Q1 2010|11 Q1 2011|12 | 34.3 17.6 +37.5% 17.8 17 8 28.5 22.5 35.0 12.8 % 37.4 +47.1% % % 15.3 21.6 % 6.1 +254.1% Q1 2010|11 Q1 2011|12 44.7 44 7 36.5 % % July 14, 2011| slide 4
Slide 5: Key Drivers for Q1 2011|12
Key Drivers for Q1 2011|12 o Positive market development – pricewise SUGAR Segment o Tight sugar supply in the EU o High volatility in world market prices for sugar has an increasing impact on the EU market o Positive market development – pricewise and in terms of volumes STARCH o Tight supply situa
Slide 6: SUGAR Segment Highlights
SUGAR Segment Highlights R Revenue € €m +0.4% Revenue of € 182.0m 181.2 182.0 8 0 • High world o ld market ma ket quotation q otation and tight supply s ppl of sugar in the EU -> sugar prices in the Eastern European countries increased • Sales volumes below p prior year y • Better sales prices for s
Slide 7: Quotation for raw sugar & white sugar
Quotation for raw sugar & white sugar Januaryy 2009 – Julyy 2011 ((in USD)) FY 2011|12 White sugar (LSE) 12/7/2011: 855.6 USD/to / = 605.8 EUR/to Raw sugar (NYSE) 12/7/2011: 666.0 USD/to = 471.5 EUR/to July 14, 2011| slide 7
Slide 8: STARCH Segment Highlights
STARCH Segment Highlights Revenue €m 193.3 Revenue up to € 193.3m +42.8% 135 4 135.4 • Higher sales prices for all product categories (starch, animal feed, ethanol etc.) • Volumes also above prior year due to increased sales of isoglucose, bioethanol and by-products Q1 2010|11 Q1 2011|12 • Strong ma
Slide 9: Price development of cereals
Price development of cereals Januaryy 2009 – Julyy 2011 ((in EUR)) FY 2011|12 CORN Quotation (Paris) 12/7/2011: 238.3 EUR/to WHEAT Quotation (P i ) (Paris) 11/7/2011: 191.3 EUR/to July 14, 2011| slide 9
Slide 10: FRUIT Segment Highlights
FRUIT Segment Highlights R Revenue € €m +6.1% 237.5 Revenue of € 237.5m 223.9 • In most o fruit u preparations p pa a o markets a sales a volumes ou were held steady • Strongest growth in South America and in the Pacific • Juice J i concentrate t t prices i stabilised t bili d att a high hi h level;
Slide 11: Financial Results Q1 2011|12
Financial Results Q1 2011|12 July 14, 2011| slide 11
Slide 12: Consolidated Income Statement
Consolidated Income Statement (based on IFRS) Q1 Q1 Key P&L figures €m 2011|12 2010|11 Change Revenue 612 9 612.9 540 5 540.5 +72 4 +72.4 Operating profit before 61.6 34.3 +27.3 exceptional items Exceptional items 0 0 0.0 Operating profit after 61.6 34.3 +27.3 exceptional items Net financial items (
Slide 13: Consolidated Balance Sheet
Consolidated Balance Sheet Key figures €m 31 May 2011 28 February 2011 Non-current assets 980.6 981.8 Current assets 990 0 990.0 1 010 4 1,010.4 Total equity 1,013.9 970.7 Non-current liabilities 314.9 343.3 Current liabilities 641.8 678.2 Balance sheet total 1,970.5 1,992.2 Equity ratio 51.5% 48.7%
Slide 14: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Q1 Q1 €m 2011|12 2010|11 Operating cash flow before change in working capital 63 1 63.1 41 7 41.7 (Gains) / losses on disposal of non-current assets (0.2) 0.6 Ch Change in i working ki capital it l (52 5) (52.5) (39 9) (39.9) Net cash from operating activities 10.4 2
Slide 15: Total Investment
Total Investment F it Fruit o Purchase P h off ttots t ((steel t l containers) t i ) +86.8% 14.2 for the transportation of fruit €m preparations o Completion of the finished goods warehouse in Russia 7,8 7.6 o Replacement investments within 151.6% the juice division to optimise operations 3,1 +175.0
Slide 16: Outlook
Outlook July 14, 2011| slide 16
Slide 17: Current projects
Current projects • Proposed acquisition of 100% interest in the fruit juice concentrate plant in Xianyang|China and divestment of the 50% JV-split in shares held in the plant in China Yongji|China • Higher production capacity and increased flexibility through independence • Subject S bj t to t th th
Slide 18: Segment Outlook FY 2011|12
Segment Outlook FY 2011|12 o Tight sugar supply worldwide and throughout Europe SUGAR UG o A certain degree of flexibility (beet sugar sugar, refining and traded goods on the Segment one hand and EU market sales and world exports on the other hand) enables AGRANA to manage the challenge of increased
Slide 19: Outlook AGRANA Group FY 2011|12
Outlook AGRANA Group FY 2011|12 • Significant improvement in results across all segments in the full 2011|12 financial year • Group revenue to increase in 2011|12 thanks to overall volume growth and higher prices • The objective for 2011|12 is to further raise Group operating profit by: • Further im
Slide 20: Thank you for your attention.
Thank you for your attention. July 14, 2011| slide 20
Slide 21: Disclaimer
Disclaimer This presentation is being provided to you solely for your information and may not be reproduced or further distributed to any other person or published, in whole or in part, for any purpose. This presentation comprises the written materials/slides for a presentation concerning AGRANA Bet
AGRANA Beteiligungs-AG — Q1 2011|12 Earnings Presentation on 6ix