AGRANA Beteiligungs-AG · VIE:AGR
AGRANA Beteiligungs-AG — Q3 2012|13 Earnings Presentation
26 slides from AGRANA Beteiligungs-AG's earnings presentation, Jan 10, 2013
Slide 1: Results for the first three quarters of 2012|13
AGRANA Beteiligungs-AG Beteiligungs AG Results for the first three q quarters of 2012|13 | 1 March – 30 November 2012 Vi Vienna, 10 January J 2013 Results for the first three quarters of 2012|13; Vienna, 10 January 2013
Slide 2: Financial Highlights Q1-3 2012|13
Financial Highlights Q1-3 2012|13 Revenue growth of 22.4 % to € 2,389.3 million (prior year: € 1,952.2 million) Rise of 2.8 % in operating profit before exceptional items to € 204.3 million ( i year: € 198.7 (prior 198 7 million) illi ) Operating margin dropped to 8.6 % (prior year: 10.2 %) because
Slide 3: Revenue by Segment
Revenue byy Segment g Q1-3 2012|13 € €m Q1 3 2011|12 Q1-3 2,389.3 +22.4% 34.5% 3 5% 35.4% 1,952.2 +27.6% 859.1 30.1% 673.4 673 4 +2.8% 603.7 Q1-3 2012|13 587.4 58 +34.0% 926.5 35.9% 38.8% 691.4 25.3% Q1-3 2011|12 Q1-3 2012|13 Sugar Starch Fruit 3 | Results for the first three quarters of 2012|13; Vi
Slide 4: Operating Profit by Segment
Operating p g Profit byy Segment g Q1-3 2012|13 Q1 3 2011|12 Q1-3 5.4% 18.2% 13.6% €m 47.5% 34.3% 198.7 +2.8% 204.3 11.6% 36 2 36.2 +5.5% 38 2 38.2 -10.9% 68.2 60.8 +11.7% Q1-3 2012|13 94.3 105.3 4.4% 18.7% 51.5% Q1-3 2011|12 Q1-3 2012|13 29 8% 29.8% 11.4% Sugar Starch Fruit 10.1% Operating Margin 4
Slide 5: CAPEX Focus
CAPEX Focus Q1-3 2012|13 • Factory relocation in Dachang|China (start of S Sugar S Starch h F i Fruit the first production line in November) --- Depreciation • Plant expansion at Serpuchov|Russia - completed in October €m 98.7 • Additional pproduction od ction line in Centerville|USA Cente ille|USA
Slide 6: Key Drivers for the Segments
Keyy Drivers for the Segments g Q1-3 2012|13 • High volatility of the world market quotation • 1st estimate for 12|13 SMY: world sugar supply > demand; increasing world sugar stocks SUGAR • European Commission regularly implemented measures to keep the market balanced and Segment g sufficiently supp
Slide 7: SUGAR
SUGAR 7 | Results for the first three quarters of 2012|13; Vienna, 10 January 2013
Slide 8: SUGAR Segment: Highlights Q1-3 12|13
SUGAR Segment: Highlights Q1-3 12|13 Revenue m€ 926.6 +34.0% Revenue grew considerably to € 926.6 m 691.4 • Continued good market demand • Growth G th iin revenue d due to t hi higher h volumes l in i nearlyl allll product categories • Especially sales of NQS have been very satisfactory Q1 3 2011l12
Slide 9: Quotation for Raw Sugar & White Sugar
Q Quotation for Raw Sugar & White Sugar January 2006 – January 2013 (USD) 2012|13 FY White sugar (LSE) 7/1/2013: / / 510.8 USD/to = 390.8 EUR/to Raw sugar (NYSE) 7/1/2013: 415.8 USD/to = 318.1 EUR/to / 9 | Results for the first three quarters of 2012|13; Vienna, 10 January 2013 Mr. Gattermayer
Slide 10: STARCH
STARCH 10 | Results for the first three quarters of 2012|13; Vienna, 10 January 2013
Slide 11: STARCH Segment: Highlights Q1-3 12|13
STARCH Segment: Highlights Q1-3 12|13 Revenue €m +2.8% 587.5 603.7 Revenue with slight increase at € 603.7 m • Higher volumes of all products and by-products • Price P i level l l for f isoglucose i l wentt up • Bioethanol: sales prices and volumes slightly below prior year level Q1-3 2011l12 Q1-3 2
Slide 12: World Cereal Production & Consumption
W ld Cereal World C l Production P d i & Consumption C i Million tonnes 2.000 1,850 1,848 1.800 1,802 1,732 1,799 1,769 1,751 1,786 1,762 1,806 1 600 1.600 1.400 Production 1.200 Consumption 1.000 Stocks 800 600 370 402 366 369 400 324 = 17.9 % 200 0 2008|09 2009|10 2010|11 2011|12e 2012|13f Interna
Slide 13: Price Development of Cereals
Price Development of Cereals January 2009 – January 2013 (EUR) 2012|13 FY WHEAT Quotation (Paris) 7/1/2013: 250.5 EUR/to CORN Quotation (Paris) 7/1/2013: 235.0 EUR/to 13 | Results for the first three quarters of 2012|13; Vienna, 10 January 2013 Mr. Gattermayer
Slide 14: FRUIT
FRUIT 14 | Results for the first three quarters of 2012|13; Vienna, 10 January 2013
Slide 15: FRUIT Segment: Highlights Q1-3 12|13
FRUIT Segment: Highlights Q1-3 12|13 Revenue 859.1 +27.6% €m Revenue rose to € 859.1 m 673.4 • Higher sales of fruit preparations in the USA, China, Russia and Brazil • Sales prices compared to last year at a higher level, reflecting the increased raw material costs • Significant increase in fruit j
Slide 16: Consolidated Financial Statements Q1-3 2012|13
CONS. FINANCIAL STATEMENTS Q1-3 2012|13 16 | Results for the first three quarters of 2012|13; Vienna, 10 January 2013
Slide 17: Consolidated Income Statement
Consolidated Income Statement € (condensed) €m Q1-3 Q1 3 Q1-3 Q1 3 Q3 Q3 2012|13 2011|12 2012|13 2011|12 Revenue 2,389.3 1,952.2 786.2 667.6 Operating profit before exceptional 204.3 198.7 61.7 80.5 items Exceptional items (1.4) (1.4) (0.4) 0.0 Operating profit after exceptional items 202.9 197.3 61
Slide 18: Analysis of Net Financial Items
Analysis of Net Financial Items €m Q1-3 Q1-3 2012|13 2011|12 Net interest expense (18.9) (18.6) Currency translation differences (2.1) (10.5) Other financial items (0 1) (0.1) (1 5) (1.5) Total of net financial items (21.1) (30.6) 18 | Results for the first three quarters of 2012|13; Vienna, 10 Janu
Slide 19: Consolidated Balance Sheet
Consolidated Balance Sheet €m (condensed) 30 November 29 February 2012 2012 Non-current assets 1,063.2 992.8 C Current t assets t 1 651 2 1,651.2 1 369 3 1,369.3 Equity 1,215.2 1,073.0 Non-current liabilities 517.1 416.4 Current liabilities 982.1 872.7 Total assets 2,714.4 2,362.1 Equity ratio 44.8
Slide 20: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement €m (condensed) Q1-3 Q1-3 2012|13 2011|12 Operating cash flow before change in working capital 219.0 209.5 (Gains) / Losses on disposal of non-current assets (0.8) 0.1 g in working Change g capital p ((75.4)) ((186.9)) Net cash from operating activities 142.7 22.7 Net
Slide 21: OUTLOOK
Sugar. Starch. Fruit. OUTLOOK 21 | Results for the first three quarters of 2012|13; Vienna, 10 January 2013
Slide 22: Segment Outlook 2012|13 FY
Segment Outlook 2012|13 FY • The 4th quarter traditionally marks the seasonal low in revenue and earnings SUGAR • Higher raw material costs will impact the operating margin Segment • Due to the good earnings situation in the first nine months an operating profit slightly above the prior year record-
Slide 23: Outlook AGRANA Group 2012|13 FY
Outlook AGRANA Group 2012|13 FY • Group revenue expected to increase on overall volume growth and high prices (above € 3.0 bn) • Expectation of ongoing volatile raw material and sales prices in the last quarter • Overall significantly weaker result in the 2nd half of 2012|13 • For the full year 2012
Slide 24: Financial Calendar for 2012|13
Financial Calendar for 2012|13 14 May M 2013 Press conference on annual results for 2012|13 5 July 2013 Annual General Meeting for 2012|13 10 July 2013 Dividend payment and ex-dividend day 11 July 2013 Results for first quarter of 2013|14 24 | Results for the first three quarters of 2012|13; Vienna,
Slide 25: Thank you for your attention
Sugar. Starch. Fruit. THANK YOU FOR YOUR ATTENTION 25 | Results for the first three quarters of 2012|13; Vienna, 10 January 2013
Slide 26: 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
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