United Breweries Limited · NSE:UBL
United Breweries — Q1 FY2023 Earnings Presentation
11 slides from United Breweries's earnings presentation, Jul 27, 2022
Slide 1: Intimation of Financial Results Earnings Call
July 27, 2022 1. Department of Corporate Services, 2. Department of Corporate Services, BSE Limited, National Stock Exchange of India Ltd., Floor 25, P J Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Bandra (East), Mumbai - 400 001 Mumbai – 400 051 Scrip Code: 532478 Scrip Code: UBL De
Slide 2: Investec India invites you to United Breweries Q1 FY23 Earnings call
Investec India invites you to United Breweries Ltd Q1 FY23 Earnings call Post Earnings Business Update Diamond Pass Registration Thursday, July 28, 2022 02:00 pm IST Management Team Mr. Berend Odink – Chief Financial Officer - United Breweries Limited Mr. PA Poonacha - Finance and Investor Relations
Slide 3: Investor Presentation Quarter ended June 2022
Investor Presentation Quarter ended June 2022 1
Slide 4: Disclaimer
Disclaimer This presentation contains forward-looking statements with regard to the financial position and results of UBL’s activities. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-loo
Slide 5: Key Results Highlights
Key Results Highlights o Volume growth of 121% in the quarter vs prior year which was impacted by Delta variant of Covid. Driven by recovery of demand prevalent across all markets, 42% sequential quarterly volume growth. o Record sales volume for the quarter, representing a full recovery and 8% ahea
Slide 6: Q1'22/23 Results
Q1’ 22/23 Results Q1 Results (standalone) Data in Rs. Cr. Jun-22 Jun-21 Change (%) Net Sales 2,437 1,118 118% COGS (1,358) (578) 135% Gross Profit 1,078 540 100% Employee expenses (149) (113) 31% Other expenses (665) (332) 100% Other income 10 6 70% EBITDA 275 102 171% Depreciation (58) (55) 4% EBIT
Slide 7: Regional volume performance vs PY
Regional volume performance vs PY Volume Growth Q1 (+121%) Strong recovery and growth over COVID affected PY across all markets East (+88%) North (+87%) o Driven by higher volume in Orissa, WB o Driven by higher volume in Rajasthan, State, Assam and Arunachal Pradesh Haryana, Delhi, Uttar Pradesh o
Slide 8: Net Sales growth driven by higher volume
Net Sales growth driven by higher volume Revenue Q1 (in Rs. Cr) 1,350 (121%) 101 (9%) -132 (-12%) 2,437 1,118 Net Rev PY Volume Variance Price variance Mix variance Net Rev CY o Higher volume due to strong recovery and growth over COVID affected PY across all markets o Price increase have been reali
Slide 9: Margin recovery despite increased commodity prices
Margin recovery despite increased commodity prices EBIT Q1 (in Rs. Cr) 538 (35) (329) (2) 218 46 EBIT PY Gross Profit Employee expenses Other Depreciation EBIT CY expenses/income Q1 Margin 4.1% -408 bps 405 bps 226 bps 257 bps 8.9% o Gross profit growth driven by volume growth and price increases. o
Slide 10: Outlook and summary
Outlook and summary o Following record volumes and recovery beyond 2019 demand levels, focus remains on building further category penetration while driving the share of premium in the portfolio. o Capex during the quarter was Rs. 44 Cr with the volume growth during the quarter resulting in an on-goi
Slide 11: Times Change, The Good Times Don't!
2000 Times Change, The Good Times Don't!