Rcl Foods Limited · JSE:RCL
Rcl Foods — FY2019 Earnings Presentation
21 slides from Rcl Foods's earnings presentation, Sep 2, 2019
Slide 1: Investor Presentation: Appendices – Results for the year ended June 2019
2019 INVESTOR PRESENTATION: APPENDECIES 2 SEPTEMBER 2019 RESULTS FOR THE YEAR ENDED JUNE 2019
Slide 2: RCL Foods in Context
INVESTOR PRESENTATION APPENDICES RCL FOODS IN CONTEXT FOOD & LIQUOR BANKING HEALTHCARE INSURANCE INDUSTRIAL INFRASTRUCTURE MEDIA & SPORT 2
Slide 3: Areas of Business
INVESTOR PRESENTATION APPENDICES AREAS OF BUSINESS 3
Slide 4: Our Passion, Ambition, Strategic Thrusts and Values
INVESTOR PRESENTATION APPENDICES OUR MORE FOOD TO MORE PEOPLE, MORE OFTEN PASSION We believe in doing more... with a single-minded passion to provide more food to more people, more often. We believe that by nourishing people while sustaining our resources, everyone wins. Communities will be enriched
Slide 5: Our Business Model
INVESTOR PRESENTATION APPENDICES OUR BUSINESS MODEL Guided by our passion and underpinned by our values, we strive to create value for our stakeholders through the manufacture and distribution of a wide range of branded and private label food products. In line with our business model, our business a
Slide 6: Material Financial Impacts
INVESTOR PRESENTATION APPENDICES MATERIAL FINANCIAL IMPACTS CURRENT YEAR Profit on disposal of the Prepared lines at the Speciality Bronkhorstspruit site of R47.0m Impairments within the Sugar cash-generating unit of R761.9m stemming from challenges within the local sugar industry CURRENT & PRIOR YE
Slide 7: Material Financial Impacts
INVESTOR PRESENTATION APPENDICES MATERIAL FINANCIAL IMPACTS PRIOR YEAR Once-off costs of R78.2m (net of insurance recoveries of R9.3m) incurred in the Chicken business unit as a result of the Listeriosis crisis R62.0m provision for retrenchment costs in the Speciality business unit, related to the d
Slide 8: Performance
INVESTOR PRESENTATION APPENDICES PERFORMANCE REVENUE (Rbn) EBITDA (Rm) 2 224.0 25.9 25.0 25.0 2 046.0 24.4 23.4 1 762.4 1 747.6 19.5 1 525.7 1 206.1 1 201.0 1 122.2 1 152.2 12.9 13.1 12.8 13.3 1 082.2 12.0 900.4 10.1 8.7 688.3 4.5 2014 2015 2016 2017 2018 2019 2014 2015 2016 2017 2018 2019 INTERIM F
Slide 9: Our Brands
INVESTOR PRESENTATION APPENDICES OUR BRANDS A few of South Africa’s much loved brands produced by RCL FOODS 7 BRANDS OVER R1bn 2 BRANDS OVER R500m 4 BRANDS OVER R300m 8 BRANDS OVER R100m 9 BRANDS UNDER R100m 9 Relative sales (12 Months to June 2019)
Slide 10: Market Share
INVESTOR PRESENTATION APPENDICES MARKET SHARE VOLUME SHARE % FOR THE PERIOD 6MM JUNE 19 12MM JUNE 19 12MM JUNE 18 SOURCE Dogfoods (RCL Brands) 30.0 29.1 28.5 Aztec* Catfoods (RCL Brands) 28.3 27.8 26.3 Aztec Yum Yum Peanut Butter 31.5 32.5 30.1 Aztec Nola Mayonnaise 46.1 48.6 43.2 Aztec Sorghum (RCL
Slide 11: Commodity Prices
INVESTOR PRESENTATION APPENDICES COMMODITY PRICES YELLOW MAIZE PRICE (R/Ton) RAND/USD 3100 3 100.0 F18 F19 17.0000 17.0 F18 F19 AVG Price AVG Price AVG Price AVG Price 2900 2 900.0 25.2% R2 522 16.0000 10.4% R14.18 R2 014 16.0 R12.85 2700 2 700.0 15.0000 15.0 2500 2 500.0 14.0000 2 300.0 2300 13.0 1
Slide 12: Consumer: Chicken
INVESTOR PRESENTATION APPENDICES CONSUMER: CHICKEN INTEGRATED SUPPLY CHAIN FROM “FARM TO FORK” GP OPERATION AGRICULTURE PROCESSING GRANDPARENT BROILER CHICKS GRANDPARENT FARMS PARENT FARMS FARMS PROCESSING REARING LAYING HATCHING REARING LAYING HATCHING GROWING BROILER 21 WEEKS 40 WEEKS 3 WEEKS 21 W
Slide 13: Consumer: Chicken
INVESTOR PRESENTATION APPENDICES CONSUMER: CHICKEN Limpopo Province The Chicken business unit produces a wide range of chicken products under 3 well established brands; Rainbow, Simply Chicken and Farmer Brown Botswana Rustenburg Mpumalanga Windhoek North West Gauteng 180 rearing, laying and broiler
Slide 14: Consumer: Groceries
INVESTOR PRESENTATION APPENDICES CONSUMER: GROCERIES GROCERY PIES The Grocery business unit consists of a portfolio of leading South The Pies business unit produces a range of high quality pies African brands spanning staples to top-end offerings across a range under the Pieman’s brand as well as de
Slide 15: Consumer: Groceries
INVESTOR PRESENTATION APPENDICES CONSUMER: GROCERIES BEVERAGES SPECIALITY The Beverages business unit produces a maize-based drink under The Speciality business unit produces a range of ready to eat the Number 1 Mageu, Smooth and Mnandi brands products across speciality bread, ambient cake and chill
Slide 16: Sugar & Milling: Sugar
INVESTOR PRESENTATION APPENDICES SUGAR & MILLING: SUGAR Limpopo Province The Sugar business unit produces a range of sugar products under the leading sugar brand Selati Tzaneen Botswana Pretoria Malelane North Komati Windhoek Nelspruit West Gauteng Mpumalanga Namibia Pongola KwaZulu Natal Free State
Slide 17: Sugar Imports and Duties
INVESTOR PRESENTATION APPENDICES SUGAR IMPORTS AND DUTIES 450 000 5 000 400 000 4 500 4 000 CUMULATIVE TONS IMPORTED (SOUTH AFRICA) 350 000 3 500 • Cumulative tons imported from 1 300 000 April 2017, 2018 and 2019 (start of industry year) 3 000 250 000 • A total of 127 010 tons have been DUTIES (R/t
Slide 18: Sugar & Milling: Millbake
INVESTOR PRESENTATION APPENDICES SUGAR & MILLING: MILLBAKE BAKING MILLING The Baking business unit is the fourth largest bread brand The Milling operation produces flour and a range of maize meal nationally, and produces a range of baked goods under the products at its flour mill - the largest singl
Slide 19: Sugar & Milling: Animal Feed
INVESTOR PRESENTATION APPENDICES SUGAR & MILLING: ANIMAL FEED The Animal Feed business unit produces grain and Limpopo molasses based feeds for a range of species including game, Province dairy, poultry, horse, pigs and ruminants, under the brands of Epol, Molatek, Driehoek and Equus 3 molasses base
Slide 20: Customer Overview: Logistics
INVESTOR PRESENTATION APPENDICES CUSTOMER OVERVIEW: LOGISTICS CUSTOMER SECONDARY DISTRIBUTION (CSD) PRINCIPAL SECONDARY DISTRIBUTION (PSD) Vector is contracted by the customer to deliver their full basket of Vector is contracted by the principal to deliver to all retailers, products directly to the
Slide 21: Network Overview: Logistics
INVESTOR PRESENTATION APPENDICES NETWORK OVERVIEW: LOGISTICS Limpopo Province • National footprint extending into Namibia, Zambia Botswana and Zambia Polokwane • 10 plant-based cold stores Pretoria West • 15 distribution sites Botswana Rustenburg Centurion • 2 bulk storage sites (Midrand and Roodepo