Grupo Nutresa S.A. · BVC:NUTRESA

Grupo Nutresa — Q3 2018 Earnings Presentation

21 slides from Grupo Nutresa's earnings presentation, Oct 29, 2018

  1. Slide 1: Grupo Nutresa S.A. Earnings results 3Q 2018

    Grupo Nutresa S. A. Earnings results 3Q 2018 October 29, 2018

  2. Slide 2: Relevant events

    Relevant events Global highest scores in the food sector in: 8 X HEALTH AND NUTRITION TAX ESTRATEGY ENVIRONMENTAL REPORT PACKING CLIMATE CHANGE RISKS RELATED TO STRATEGY WATER For the fourth consecutive year, Grupo Nutresa, is the second best company in Colombia in terms of reputation, and the first

  3. Slide 3: Grupo Nutresa acquires 60% of Productos Naturela

    Relevant events Grupo Nutresa acquires 60% of Productos Naturela Productos Naturela S.A.: • Colombian company dedicated to the production and distribution of healthy and functional products. • Currently has several healthy food lines with superfoods such as Spirulina, infusions, snacks, and suppleme

  4. Slide 4: Relevant events - Innovation in Health and Nutrition

    Relevant events - Innovation in Health and Nutrition Pietrán free of preservatives and added nitrites, is a Pietrán Veggie Burger and Veggie Bites are part of a new successful innovation that integrates science and category of products composed of 100% vegetable protein. technology with the aim of c

  5. Slide 5: Relevant events - Innovation in Health and Nutrition

    Relevant events - Innovation in Health and Nutrition Bénet, Grupo Nutresa´s expert nutrition brand launches a new category of specialized nutrition: gummies and soft capsules with vitamins and minerals. 5

  6. Slide 6: 3Q18 Sales Colombia & international

    3Q18 Sales Colombia & international -0,1% Q: -0,6 Colombia Sales 500 404,2 P: +4,1 * SALES PER COP 1.446,6 +3,6% 400 +0,2% +4,3% BUSINESS UNIT Billion COP Billion COP 248,6 +6,0% +5,6% 300 230,0 +5,8% 200 158,1 129,1 115,6 -1,8% 3Q - 2018 75,6 Percentage variation in volume 100 (Q) and prices (P) 0

  7. Slide 7: 3Q18 Sales Total

    3Q18 Sales Total SALES TOTAL SALES PER COP 2.282,8 +2,3% BUSINESS UNIT -0,6% Billion COP -0,3% 500 463,6 +5,9% 3Q18 450 444,8 414,9 400 Billion COP 350 +0,5% 300 -2,3% 238,9 255,2 +4,4% 250 200 185,1 +5,8% 150 115,6 -1,2% 100 76,3 50 0 -0,3% -0,6% +5,9% -2,3% +0,5% +4,4% +5,8% -1,2% Cold cuts Carnic

  8. Slide 8: Accumulated Sales Colombia & international

    Accumulated Sales Colombia & international +0,9% Q: +2,3 Colombia Sales 1.400 1.214,3 P: +1,5 * SALES PER COP 4.213,9 +4,1% 1.200 +2,4% +3,1% BUSINESS UNIT Billion COP Billion COP 1.000 +4,4% 660,3 713,7 +7,9% +4,4% 800 600 463,2 379,4 330,4 +0,6% 2018 400 221,4 Percentage variation in volume 200 (Q

  9. Slide 9: Accumulated Sales Total

    Accumulated Sales Total SALES TOTAL SALES PER COP 6.609,3 +3,4% BUSINESS UNIT Billion COP 1.600 +1,8% +2,5% 2018 1.338,4 1.400 1.327,0 +5,8% Billion COP 1.200 1.123,9 1.000 +1,9% -3,1% 800 750,7 736,1 +5,8% 600 539,2 +4,4% +1,1% 400 330,4 223,1 200 0 +1,8% +2,5% +5,8% +1,9% -3,1% +5,8% +4,4% +1,1% C

  10. Slide 10: Sales by region

    Sales by region 2018 Other countries 2,2% USA 7,5% Dominican Rep. & Caribbean Mexico 1,8% 63,8% 36,2% 3,7% INTERNATIONAL Venezuela COLOMBIA Central America 9,4% 0% Ecuador 1,4% Colombia 63,8% Peru 2,0% Chile 8,1% 10

  11. Slide 11: Market share Colombia + TMLUC

    Market share Colombia + TMLUC Consolidated market share in Colombia: 59,3% -0,5% Cold Cuts Biscuits Chocolates Coffee TMLUC Ice Cream Pasta Retail Food 71,2% 54,0% Chocolate Roast and ground ICB* Ice cream 51,6% # 1 in confectionery coffee (A) 57,7% (A) ND Hamburgers -1,1% 0,3% 69,7% (A) 51,2% -1,9%

  12. Slide 12: Raw materials Grupo Nutresa

    Raw materials Grupo Nutresa Commodities Index Cogs Breakdown 2018 ICGN - MERCADO 164 1,7% Poultry 149 2,2% Milk 144 134 3,7% Oils & fats 3,8% Beef 119 4,6% Sugar Other 39,2% 113 112 104 4,7% Cocoa 107 89 95 86 7,0% Wheat 92 87 87 86 83 7,1% Pork Packaging mat. 15,4 74 2008 2009 2010 2011 2012 2013 2

  13. Slide 13: EBITDA 3Q18

    EBITDA 3Q18 18,4% +30,1% 13,4% 80 76,2 -0,6% 70 11,1% EBITDA -2,4% 62,1 Billion COP 60 COP 300,8 +10,2% 49,3 13,9% 10,8% Billion COP 50 +4,1% 11,5% 40 -9,7% 15,6% 33,3 -0,2% 27,6 +56,7% 10,3% MARGIN 13,2% 30 21,2 20 18,1 +28,4% 10 7,8 0 -2,4% -0,6% +30,1% +4,1% -9,7% -0,2% +56,7% +28,4% Cold cuts Ca

  14. Slide 14: EBITDA Accumulated 2018

    EBITDA Accumulated 2018 17,2% 250 13,6% 11,6% +26,4% +9,8% EBITDA 200 -1,7% 193,6 180,1 Billion COP COP 840,8 +5,1% 155,1 13,4% Billion COP 150 +1,0% 10,9% -20,7% 11,0% 100,8 12,1% 100 80,6 -7,7% 11,3% MARGIN 12,7% +26,7% 59,5 +5,9% 50 40,1 25,1 0 -1,7% +9,8% +26,4% +1,0% -20,7% -7,7% +26,7% +5,9% C

  15. Slide 15: Income Statement 3Q18 Comprehensive

    Income Statement 3Q18 Comprehensive 2018 - 3Q % Revenues 2017 - 3Q % Revenues % Var. Continuing operations Operating revenue 2.282.784 2.232.343 2,3% Cost of goods sold (1.242.686) -54,4% (1.236.124) -55,4% 0,5% Gross profit 1.040.098 45,6% 996.219 44,6% 4,4% Administrative expenses (102.539) -4,5%

  16. Slide 16: Income Statement Accumulated

    Income Statement Accumulated Jan-Sep 2018 % Revenues Jan-Sep 2017 % Revenues % Var. Continuing operations Operating revenue 6.609.298 6.391.409 3,4% Cost of goods sold (3.641.026) -55,1% (3.569.154) -55,8% 2,0% Gross profit 2.968.272 44,9% 2.822.255 44,2% 5,2% Administrative expenses (299.442) -4,5%

  17. Slide 17: Consolidated Net Debt

    Consolidated Net Debt Net debt 3.500 2.808 2.906 2.780 3.000 2.596 2.602 2.543 2.500 2.000 1.581 1.752 1.500 1.000 500 0 Dec-13 Dec-14* Dec-15* Dec-16* Dec-17* Mar-18* Jun-18* Sep-18* Dec-13 Dec-14* Dec-15* Dec-16* Dec-17* Mar-18* Jun-18* Sep-18* Net debt 1.581 1.752 2.808 2.906 2.596 2.780 2.602 2.

  18. Slide 18: Contact

    Contact Catherine Chacón Navarro Investor Relations Director Tel: (+574) 3258731 email: cchacon@gruponutresa.com www.gruponutresa.com This presentation and further detailed information can be found in the following link in our section "Grupo Nutresa Valuation Kit": https://www.gruponutresa.com/en/in

  19. Slide 19: Financial Position

    Financial Position 2018 Septem ber 2018 Decem ber 2017 % Var. ASSETS Current assets Cash and cash equivalents 310.030 435.643 -28,8% Trade and other receivables 989.524 957.568 3,3% Inventories 1.041.679 982.816 6,0% Biological assets 85.499 81.518 4,9% Other current assets 325.976 221.475 47,2% Non

  20. Slide 20: Financial Position

    Financial Position 2018 Septem ber 2018 Decem ber 2017 % Var. LIABILITIES Current liabilities Financial obligations 473.200 557.133 -15,1% Trade and other payables 925.802 993.241 -6,8% Tax charges 269.618 207.776 29,8% Employee benefits liabilities 210.356 172.730 21,8% Current provisions 3.869 9.8

  21. Slide 21: Disclaimer

    Disclaimer This document can contain forward looking statements related to Grupo Nutresa S.A. and its subordinated companies, under assumptions and estimations made by company management. For better illustration and decision making purposes Grupo Nutresa’s figures are consolidated; for this reason t

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