Grupo Nutresa S.A. · BVC:NUTRESA
Grupo Nutresa — Q2 2017 Earnings Presentation
19 slides from Grupo Nutresa's earnings presentation, 2017
Slide 1: Grupo Nutresa S.A. Quarterly Report – Q2 2017
Grupo Nutresa S. A. Quarterly Report – Q2 2017
Slide 2: Highlights
Highlights According to Monitor Empresarial de Reputación Corporativa – MERCO – in its edition MERCO Talent 2017, for the second year in a row, Grupo Nutresa is the second best company to attract and retain talent in Colombia and the most attractive in the food sector. 2
Slide 3: Innovation
Innovation Bénet, is Grupo Nutresa´s new nutritional-expert brand in the form of a powdered-beverage that offers all the necessary nutrients for balanced, energized, and wholesome being. The two new product launches under the Tosh brand, baked snacks and cold infusions, are made with wholesome, natu
Slide 4: 2Q17 Sales: Colombia and international
2Q17 Sales Colombia and international Colombia sales 450 -1,4% SALES PER COP 1.335,4 mm +2,9% 396,1 BUSINESS UNIT Cop billion 400 Q: -4,1 350 P: +7,0* COP BILLION 300 250 +4,5% +5,2% 228,0 2Q - 2017 210,3 +6,1% 200 147,6 +6,5% +2,3% 150 117,1 106,7 -0,5% Percentage variation in 100 72,9 volume (Q) a
Slide 5: 2Q17 Sales: Total
Total 2Q17 Sales TOTAL SALES Ex-Venezuela 2Q 2016 COP 2.117,2 +3,6% Billion pesos SALES PER Including Venezuela 2Q 2016: +0,8% 500 +0,7%* BUSINESS UNIT 431,3 +3,9% 450 423,9 2Q - 2017 400 +2,2% 350 343,4 COP BILLION +11,9% 300 +3,3% 254,4 250 259,1 +3,8% 200 168,4 150 +2,3% 106,7 -0,5% 100 73,0 50 0
Slide 6: 1H Sales: Colombia and international
1H Sales Colombia and international Colombia sales +0,5% SALES PER 450 798,6 COP 2.650,1 mm +3,9% Q: -3,6 BUSINESS UNIT Cop billion 400 350 P: +7,6* COP BILLION 300 +6,2% +8,4% 453,6 1H - 2017 250 415,0 +7,7% 200 294,5 +6,6% -7,2% 150 229,3 +3,3% Percentage variation in 207,3 100 143,2 volume (Q) an
Slide 7: 1H17 Sales: Total
Total 1H17 Sales TOTAL SALES Ex-Venezuela 1Q 2016 COP 4.159,1 +2,0% Billion pesos SALES PER Including Venezuela 1H 2016: -1,1% 500 +2,2%* BUSINESS UNIT 869,4 +0,6% 450 827,8 1H - 2017 400 +3,7% 350 671,0 COP BILLION +6,5% 300 -0,7% 506,0 250 492,3 +2,5% 200 332,5 150 -7,2% 207,3 +3,2% 100 143,4 50 0
Slide 8: Sales by region 1Q17
Sales by region 1Q17 USA 8,1% MEXICO DOMINICAN REP. 3,6% & CARIBBEAN 1,8% CENTRAL AMERICA 9,3% VENEZUELA 0% ECUADOR 63,7% 1,4% COLOMBIA 36,3% COLOMBIA 63,7% INTERNATIONAL PERU 1,8% CHILE 8,4% OTHER COUNTRIES 1,6% 8
Slide 9: Market share Colombia + TMLUC
Market share Colombia + TMLUC Consolidated market share in Colombia: 60.1% -1.6%** Cold Cuts Biscuits Chocolates Coffee TMLUC Ice Cream Pasta Retail Food 72,6% 53,9% Chocolate confectionery Roast and ground coffee (A) ICB* 63,8% (A) ICE CREAM ND 51,2% # 1 in Hamburguers -1,6% -2,4% 68,6% (A) 52,4% +
Slide 10: Raw materials
Raw materials GRUPO NUTRESA COMMODITIES INDEX COGS BREAKDOWN (1H17) 164 3,8% Oils & fats Milk 2,0% 149 1,8% 4,8% Sugar Poultry 144 134 4,9% Beef 119 6,1% Cocoa 38,5% 107 113 112 Other 104 6,9% Pork 88 89 95 87 92 87 7,4% Wheat 86 74 Packaging mat. 14,3% 9,5% Coffee 2008 2009 2010 2011 2012 2013 2014
Slide 11: EBITDA 2Q17
EBITDA 2Q17 12,0% -18,8%* 12,0% EBITDA 60 51,8 +9,2% 12,9% +65,9% 50,7 44,4 Ex-Venezuela 2Q 2016 50 13,7% COP 262,7 +8,4% COP BILLION 14,1% -10,1% Billion pesos 40 +37,9% 34,8 36,6 12,8% MARGIN 12,4% 30 -1,8% 21,5 10,3% 11,4% 20 Including Venezuela 2Q +35,2% +2,3% 2016: +3,7% 10 11,0 8,3 0 Retail Ic
Slide 12: EBITDA 1H17
EBITDA 1H17 12,3% -15,9%* 12,3% EBITDA 60 107,3 +1,5% 14,1% +68,4% Ex-Venezuela 1H 2016 101,6 94,6 50 14,0% COP 527,2 +2,7% COP MILES DE MILLONES 13,8% -20,4% Billion pesos 40 +28,5% 71,0 67,9 13,0% MARGIN 12,7% 30 -3,6% 43,2 9,7% 12,3% Including Venezuela 1H 20 -25,0% +35,4% 2016: -1,3% 20,1 17,6 1
Slide 13: Comprehensive Income statement 2Q17
Comprehensive Income statement 2Q17 2017 - 2Q % Revenues 2016 - 2Q % Revenues % Var. Continuing operations Operating revenue 2.117.243 2.101.067 0,8% Cost of goods sold (1.182.469) -55,8% (1.202.985) -57,3% -1,7% Gross profit 934.774 44,2% 898.082 42,7% 4,1% Administrative expenses (95.340) -4,5% (9
Slide 14: Comprehensive Income statement 1H17
Comprehensive Income statement 1H17 June June % Revenues % Revenues % Var. 2017 2016 Continuing operations Operating revenue 4.159.066 4.205.283 -1,1% Cost of goods sold (2.333.030) -56,1% (2.399.295) -57,1% -2,8% Gross profit 1.826.036 43,9% 1.805.988 42,9% 1,1% Administrative expenses (195.591) -4
Slide 15: Consolidated net debt
Consolidated net debt 3.500 Net debt 3.020 3.000 2.906 2.893 2.808 2.500 COP BILLION 2.000 1.752 1.581 1.500 993 1.000 487 399 500 0 Dic-10 Dic-11 Dic-12 Dic-13 Dic-14* Dic-15* Dic-16* Mar-17* Jun-17* Dic-10 Dic-11 Dic-12 Dic-13 Dic-14* Dic-15* Dic-16* Mar-17* Jun-17* Net debt 993 487 399 1.581 1.75
Slide 16: Contact Details
Contact Details Catherine Chacón Navarro Investor Relations Director Tel: (+574) 325 87 31 email: cchacon@gruponutresa.com www.gruponutresa.com This presentation and further detailed information can be found in the following link in our section "Grupo Nutresa Valuation Kit": https://www.gruponutresa
Slide 17: Statement of Financial Position 1H 2017
Statement of Financial Position 1H 2017 June 2017 Decem ber 2016 % Var. ASSETS Current assets Cash and cash equivalents 277.418 219.322 26,5% Trade and other receivables 934.808 889.197 5,1% Inventories 1.050.504 1.028.417 2,1% Biological assets 85.304 75.677 12,7% Other current assets 258.291 246.8
Slide 18: Statement of Financial Position 1H 2017
Statement of Financial Position 1H 2017 June 2017 Decem ber 2016 % Var. LIABILITIES Current liabilities Financial obligations 656.202 847.689 -22,6% Trade and other payables 930.722 888.840 4,7% Tax charges 200.054 163.362 22,5% Employee benefits liabilities 151.445 161.592 -6,3% Current provisions
Slide 19: Disclaimer
Disclaimer This document can contain forward looking statements related to Grupo Nutresa S.A. and its subordinated companies, under assumptions and estimations made by company management. For better illustration and decision making purposes Grupo Nutresa’s figures are consolidated; for this reason t