Kernel Holding S.a. · GPW:KER
Kernel — FY2010 Earnings Presentation
10 slides from Kernel's earnings presentation, 2010
Slide 1: FY2010 Results
Slide 2: Disclaimer
Disclaimer The information in this document has not been independently verified and no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. None of the
Slide 3: FY2010 Financial Highlights
FY2010 Financial Highlights(1) Amounts in USD millions, except for EPS and ratios FY2009 FY2010 % change Revenue 1 047.1 1 020.5 (2.5)% Result from operating activities (EBIT) 166.6 167.5 0.5% Net profit (2) 135.5 152.0 12.2% EBITDA(3) 190.1 190.0 0.0% Cash 129.3 59.5 (54.0)% EPS(4) 1.97 2.06 Net De
Slide 4: Key Drivers
FY2010 Key Drivers Markets 35% year-on-year decrease in average oil and grain prices As a consequence of drought in Eastern Europe and Russia, grain prices surged in the last days of June 2010 Lower 2009 grain harvest leads to 21 million tons grain export from Ukraine in season 2009/2010, comp
Slide 5: Income Statement Highlights
FY2010 Income Statement Highlights (1) Amounts in USD millions, except for EPS and margins FY2009 FY2010 % change Revenue 1 047.1 1 020.5 (2.5)% Operating profit (EBIT) 166.6 167.5 0.5% Net profit (2) 135.5 152.0 12.2% EBITDA 190.1 190.0 0.0% EPS 1.97 2.06 Gross margin 30.3% 30.5% Operating (EBIT) m
Slide 6: Balance Sheet Highlights
FY2010 Balance Sheet Highlights (1) Amounts in $m 30 June 2009 30 June 2010 Invested Capital Cash & cash equivalent 129.3 59.5 Net trade accounts receivable 32.4 65.5 Inventory 99.1 147.8 Of which: Readily Marketable Inventories (2) 94.9 142.9 Other currents assets 117.6 325.9 Net property, plant &
Slide 7: Cash Flow Highlights
FY2010 Cash Flow Highlights Amounts in USD millions FY2009 FY2010 Operating profit before working capital changes 188.2 205.7 Changes in working capital (25.0) (97.3) Cash obtained from / (used in) operations 163.2 108.4 Finance costs paid (32.2) (22.8) Income tax paid (1.7) (0.8) Net cash obtained
Slide 8: Results by Operating Segments
FY2010 Results by Operating Segments Revenue (1), USD million Operating profit (2), USD million Operating margin, % Tonnage (3) % % FY09 FY10 FY09 FY10 % change FY09 FY10 FY09 FY10 change change Bottled oil 122.0 112.6 (7.7)% 27.2 22.2 (18.4)% 22.3% 19.7% 97 776 112 400 15.0% Bulk oil 256.9 400.7 56
Slide 9: Liquidity position & credit metrics
FY2010 Liquidity position & credit metrics Amounts in USD millions, except ratios FY2009 FY 2010 Cash 129.3 59.5 Inventory 99.1 147.8 Of which: Readily Marketable Inventories 94.9 142.9 RMI/Inventories 95.8% 96.7% Gross interest-bearing debt 294.6 345.2 Net interest-bearing debt 165.3 285.7 Adjusted
Slide 10: FY2011 Outlook
FY2011 Outlook FY2011 guidance USD 1 300 million Revenue USD 255 million EBITDA USD 195 million Net income FY2010 10