Rcl Foods Limited · JSE:RCL
Rcl Foods — H1 2019 Earnings Presentation
20 slides from Rcl Foods's earnings presentation, Mar 4, 2019
Slide 1: Investor Presentation: Appendices
INVESTOR PRESENTATION: APPENDICES 4 MARCH 2019 RESULTS FOR THE SIX MONTHS ENDED DECEMBER 2018
Slide 2: RCL Foods in Context
INVESTOR PRESENTATION APPENDICES RCL FOODS IN CONTEXT FOOD, LIQUOR BANKING HEALTHCARE INSURANCE INDUSTRIAL INFRASTRUCTURE MEDIA & SPORT & HOME CARE 2
Slide 3: Investor Presentation Appendices
INVESTOR PRESENTATION APPENDICES 3
Slide 4: Investor Presentation Appendices
INVESTOR PRESENTATION APPENDICES 4
Slide 5: Guided by our passion and underpinned by our values
INVESTOR PRESENTATION APPENDICES 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 activities centre on
Slide 6: Material Financial Impacts
INVESTOR PRESENTATION APPENDICES MATERIAL FINANCIAL IMPACTS Profit on sale of dormant farms in the Chicken business unit of R105.0m, stemming from the decision to reduce commodity chicken volumes in February 2017 An IFRS 9 fair value gain of R34.1m in the Grocery business unit (December 2017: R8.8m
Slide 7: Performance
INVESTOR PRESENTATION APPENDICES PERFORMANCE REVENUE (Rbn) EBITDA (Rm) 2 224.0 25.0 25.0 2 046.0 24.4 23.4 1 762.4 1 747.6 19.5 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 8.7 688.3 108.2 2014 2015 2016 2017 2018 2019 2014 2015 2016 2017 2018 2019 INTERIM FULL YEAR INTERIM
Slide 8: 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 5 BRANDS OVER R300m 8 BRANDS OVER R100m 8 BRANDS UNDER R100m 8 Relative sales (12 Months to December 2018)
Slide 9: Market Share
INVESTOR PRESENTATION APPENDICES MARKET SHARE VOLUME SHARE % FOR THE PERIOD 6MM DEC 18 12MM DEC 18 12MM DEC 17 SOURCE Dogfoods (RCL FOODS Brands) 28.8 29.1 27.4 Aztec* Catfoods (RCL FOODS Brands) 27.6 27.5 23.2 Aztec Yum Yum Peanut Butter 34.1 32.9 30.3 Aztec Nola Mayonnaise 50.9 49.3 41.9 Aztec Sor
Slide 10: Commodity Prices
3500 3700 4100 4300 4500 4900 3900 4700 Jan-17 Feb-17 Source: Reuters Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 (6m) Oct-17 H1 F18 AVG Price R4 226.0 Nov-17 Dec-17 Jan-18 Feb-18 1500 1700 1900 2100 2300 2500 2700 2900 3100 3300 3500 Mar-18 Jan-17 Apr-18 Feb-17 May-18 1.3% Mar-17 Jun-18 Apr-17
Slide 11: 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 12: 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 broile
Slide 13: 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 in frozen unb
Slide 14: 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 Mageu No 1, Smooth and Mnandi brands. products across speciality bread, ambient cake and chilled
Slide 15: 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 Windhoek North Nelspruit Komati West Gauteng Mpumalanga Namibia Pongola KwaZulu Natal Free Stat
Slide 16: Sugar Imports and Duties
INVESTOR PRESENTATION APPENDICES SUGAR IMPORTS AND DUTIES 400 000 5 000 4 500 350 000 4 000 • Cumulative tons imported from 1 CUMULATIVE TONS IMPORTED (SOUTH AFRICA) 300 000 April 2017 and 2018 (start of industry year) 3 500 • A total of 63 899 tons have been 250 000 imported for the six months ende
Slide 17: 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 Sunbake products at its flour mill - the largest s
Slide 18: 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, Equus, Lotmix and Winter
Slide 19: 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 20: Network Overview: Logistics
INVESTOR PRESENTATION APPENDICES NETWORK OVERVIEW: LOGISTICS Limpopo Province • National footprint extending into Namibia, Zambia Botswana and Zambia Polokwane • 6 plant-based cold stores Pretoria West • 14 distribution sites Botswana • Storage capacity for over 104 000 pallets Rustenburg Mpumalanga