Bua Foods Plc · NSENG:BUAFOODS
Bua Foods — Q1 2025 Earnings Presentation
30 slides from Bua Foods's earnings presentation, May 2025
Slide 1: Presentation to Investors and Analysts Q1 2025 Financials
Presentation to Investors and Analysts Q1 2025 Financials
Slide 2: Disclaimer (1/2)
Disclaimer (1/2) ▪ This presentation has been prepared by BUA Foods PLC (“BUA Foods” or the “Company”) to provide an overview of the Company. “Presentation” means this document, its contents or any part of it, any oral presentation, any question or answer session and any written or oral material dis
Slide 3: Disclaimer (2/2)
Disclaimer (2/2) ▪ The presentation includes market share and industry data obtained by the Company from industry publications and surveys and internal surveys. BUA Foods may not have access to the facts and assumptions underlying the numerical data, market data and other information extracted from
Slide 4: Presenters
Presenters Ayodele Abioye (PhD, MNSE) Abdulrasheed Olayiwola Managing Director Chief Financial Officer/ED
Slide 5: Content Page
5 Content Page Company Overview 6 Business Operations Highlights 11 Financial Performance Highlights 18 Outlook 26 Q&A 29
Slide 6: Company Overview
Company Overview
Slide 7: Introducing
Introducing IRS Semolina 1KG Check Your Nearby Store
Slide 8: Our Philosophy
OUR PHILOSOPHY VISION Our Core Values Give it! It's all about We take our We will always go Get it! impact! values serious ly all the way.
Slide 9: Our Journey since listing on the NGX
Our Growth Phases has been Defined by a Clear and Compelling Vision Our Journey since listing on the NGX • Restructuring by way of merger among BUA Sugar Refinery Limited, IRS Flour Mills Limited, IRS Pasta Limited, BUA Rice Limited, BUA Oil Mills Limited and BUA Foods Limited. Incorporation of BUA
Slide 10: Our Brand keeps Evolving, Creating Value, Promoting Food & Nourishing Security
Our Brand keeps Evolving, Creating Value, Promoting Food & Nourishing Security 8 5 2 +3k Plants across Business Divisions Strategic Subsidiaries Direct & Indirect Jobs the country ₦7.53 Trillion 3rd Most Profitable Food +24% Market Capitalization Most Valuable Business on The Revenue Growth Stock on
Slide 11: Outline: Business Operations Highlight
Outline Business Operations Highlight
Slide 12: Business Operations Highlights
Business Operations Highlights 11
Slide 13: Relatively Stable Domestic Macroeconomic Environment
Relatively Stable Domestic Macroeconomic Environment Real GDP Growth (%) Inflation (%) • The Nigerian economy remains Food Headline Core predominantly oil-dependent, with crude oil serving as the 3.84 principal source of export 3.46 3.46 3.50 revenue and government 3.19 2.98 23.01 income. 2.51 24.23
Slide 14: Strategic Expansion Initiatives Continue to Drive Top-Line Performance
Strategic Expansion Initiatives Continue to Drive Top-Line Performance Flour (Tons) Pasta (Tons) +45% -6% Aggregate Volume (Tons) 330,004 335,919 Q1 2025 Q1 2024 Q1 2025 Q1 2024 +2% Sugar (Tons) Rice (Tons) Q1 2025 Q1 2024 +1355% -24% Q1 2025 Q1 2024 Q1 2025 Q1 2024 BUA Foods Plc | Q1 2025 Investors
Slide 15: Strategic Expansion Initiatives Continue to Drive Top-Line Performance
Strategic Expansion Initiatives Continue to Drive Top-Line Performance Revenue and Profit After Tax (PAT) Growth Revenue and Cost Per Ton (₦’ Billion) (₦'000) 442 REVENUE PER TON COST PER TON 1316 356 1081 Margin Margin 72% 64% 837 Margin 775 28% Margin 125 16% 56 REVENUE Q1 2024 Q1 2025 PAT Q1 2024
Slide 16: Investors Dashboard
Investors Dashboard Creating Sustainable Value by Delivering High-quality foods that Nourish Lives and Promote Food Security 0.7% 29% 38% Market Cap Shareholder Count % of NGX Market Cap Q4 2024: ₦7.47 BN Q4 2024: 5,574 Q4 2024: 18.3% Q1 2025: ₦7.52 TN Q1 2025: 7,213 Q1 2025: 11.4% 18% Respect 0.7%
Slide 17: Driving Sustainability by Leveraging Environmental and Social Investment
Driving Sustainability by Leveraging Environmental and Social Investment Community Regulatoryand andEnvironmental Engagement Stakeholders Engagement We remain focused on responsible production and environmental stewardship in Q1 2025 Air Quality (ppm): Noise Pollution (Decibel): Actual: 0.20 Actual:
Slide 18: Financial Performance Highlights
SECTION 3: Q1 2024 Financial Performance Highlights Financial Performance Highlights
Slide 19: Financial Performance Highlights
SECTION 3: Q1 2024 Financial Performance Highlights Financial Performance Highlights 22
Slide 20: Summary of our Robust Financial Performance
Summary of our Robust Financial Performance BUA FOODS Q1 2025 FINANCIAL PERFORMANCE (B’N) QoQ% Revenue 442 +24 Cost of Sales 281 +16 Gross Profit 160 +39 Profit Before Tax 136 +119 Profit After Tax 125 +124 Earnings Per Share 6.96 +124 Total Asset 1,142 +4.3 Total Equity 554 +29 Total Liabilities 58
Slide 21: Starting the Year With a Robust Financial Performance
Starting the Year With a Robust Financial Performance REVENUE PROFIT AFTER TAX (PAT) Net revenue up 24% to N442 Profit After Tax (PAT) up 124% billion from N356 billion 01 to N125 billion from N55.8 recorded in the comparative 04 billion recorded in the quarter comparative quarter GROSS PROFIT EARNI
Slide 22: Revenue Growth Supported by Strategic Improvements in Volume, Pricing, and Product Mix
Revenue Growth Supported by Strategic Improvements in Volume, Pricing, and Product Mix Revenue Revenue (N’Bn) Drivers 442 356 40% 48% 3% 9% 24% Sugar Flour Pasta Rice Q1 2024 Q1 2025 BUA Foods Plc | Q1 2025 Investors & Analysts Conference Call BUA Foods Plc | Q1 2025 Investors & Analysts Conference
Slide 23: Key Cost Drivers and Our Strategies for Effective Management
Key Cost Drivers and Our Strategies for Effective Management Cost of Sales (+16%) Raw Materials & FX Sourcing Dynamics Cost Levers . Selling & Distribution Cost (+13%) Volume Mix Planning & Supply Chain . Hedging/Optimization Admin Expenses (147%)
Slide 24: Sustaining Profitability Despite Rising Input Cost
Sustaining Profitability Despite Rising Input Cost Gross Profit (N’Billion) Profit After Tax (N’Billion) 161 125 115 56 40% 124% PAT 2024 Q1 2024 Q1 2025 Q1 2024 Q1 2025 BUA Foods Plc | Q1 2025 Investors & Analysts Conference Call
Slide 25: Competitive Returns to Investors
Competitive Returns to Investors EARNINGS PER SHARE (EPS N:K) 6.96 +125% Competitive Returns 3.10 to Investors PAT 2024 Q1 2024 Q1 2025 BUA Foods Plc | Q1 2025 Investors & Analysts Conference Call
Slide 26: Continued Business Resilience Anchored on Growing Retained Earnings
Continued Business Resilience Anchored on Growing Retained Earnings Total Assets (N’Billion) Retained Earnings (N’Billion) Total Assets 2024 1143 546 421 Revenue 1095 4% 30% Retained Earnings (CAGR) Retained Earnings 2024 Revenue FY 2024 Q1 2025 FY 2024 Q1 2025 BUA Foods Plc | Q1 2025 Investors & An
Slide 27: Outlook
Outlook 30
Slide 28: Slide 28
Slide 29: Six Core Pillars Guiding Our Strategic Direction
Six Core Pillars Guiding Our Strategic Direction We remain focused on achieving double-digit growth across all core business metrics. 1 4 2 5 3 6 BUA Foods Plc | Q1 2025 Investors & Analysts Conference Call
Slide 30: Q & A Session Thank You
Q & A Session Thank Thank You BUA Foods PLC BUATowers, PC 32, You Churchgate Street Victoria Island, Lagos. Tel: +234 461 0669 +234 1 262 3535 Email: ir@buafoodsplc.com