Pernod Ricard SA · EURONEXT:RI
Pernod Ricard SA — H1 2010/11 Earnings Presentation
14 slides from Pernod Ricard SA's earnings presentation, Feb 17, 2011
Slide 1: 2010/2011 Half-Year Results
2010/2011 Half-Year Results Recovery of business activities confirmed Strong growth in sales and profit Continued rapid debt reduction Improvement in 2010/11 full-year guidance Organic growth in profit from recurring operations close to 7% Sales: € 4,282 million (+13%, organic growth +7%) o Top 14
Slide 2: Sales and brand performance
an operating margin (profit from recurring operations / sales) of 28.3%, an increase of 30 bps, 12% growth in Group share of net profit from recurring operations, which reflected the above items, as well as a moderate improvement in financial expenses, continued rapid debt reduction, with net
Slide 3: Regions and brand contribution
Regions: All regions contributed to the acceleration of sales growth: Asia/Rest of World, with outstanding 29% growth (17% organic growth) remains the growth driver of the Group, with very strong development in Asia, in particular in China, India, Vietnam, Taiwan and Duty Free. Asia growth was m
Slide 4: Profit from recurring operations by region
All regions contributed to the organic growth of profit from recurring operations: Asia/Rest of World: outstanding performance (23% organic growth) due in particular to Martell and Scotch whiskies in China and local whiskies in India. Americas: profit from recurring operations in the region grew
Slide 5: Net profit, net debt and cost of debt
Net profit Other operating income/expense was a € 29 million expense, primarily relating to net capital gains and losses on disposals and asset valuations for a € 13 million expense, restructuring costs of € 9 million and other non-recurring charges of € 7 million. Non-recurring financial items were
Slide 6: About Pernod Ricard
About Pernod Ricard Pernod Ricard is the world’s co-leader in wines and spirits with consolidated sales of € 7,081 million in 2009/10. Created in 1975 by the merger of Ricard and Pernod, the Group has undergone sustained development, based on both organic growth and acquisitions: Seagram (2001), All
Slide 7: Strategic Brands Organic Growth
STRATEGIC BRANDS ORGANIC GROWTH 7
Slide 8: Half Year Summarised Consolidated Income Statement
HALF YEAR SUMMARISED CONSOLIDATED INCOME STATEMENT 8
Slide 9: Foreign Exchange Effect
Pernod Ricard FOREIGN EXCHANGE EFFECT On Profit Forex impact HY1 2010/11 Average rates evolution On Net from (€ million) Sales Recurring 2009/10 2010/11 % Operations Us Dollar UsD 1.45 1.33 -8,9% 76 50 Chinese Yuan CNY 9.93 8.89 -105% 39 23 Indian Rupee INR 69,06 60.46 -12.4% 27| 8 Korean Won KRW 1.
Slide 10: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET 10
Slide 11: Movements in Net Debt; Working Capital Analysis
MOVEMENTS IN NET DEBT WORKING CAPITAL ANALYSIS 11
Slide 12: Analysis of Sales at 31 December 2010
ANALYSIS OF SALES AT 31 DECEMBER 2010 12
Slide 13: Profit from Recurring Operations by Region
PROFIT FROM RECURRING OPERATIONS BY REGION 13
Slide 14: Profit from Recurring Operations by Region
PROFIT FROM RECURRING OPERATIONS BY REGION 14