Del Monte Pacific Limited · SGX:D03
Del Monte Pacific — Q1 2007 Earnings Presentation
8 slides from Del Monte Pacific's earnings presentation, Apr 27, 2007
Slide 1: Del Monte Pacific Limited First Quarter 2007 Results
Del Monte Pacific Limited First Quarter 2007 Results 27 April 2007
Slide 2: Agenda
Agenda • Analysis of 1Q 2007 Results • Outlook for 2007
Slide 3: First Quarter 2007
First Quarter 2007 In US$m 1Q2006 1Q2007 Change Comments Turnover 46.7 47.9 +2.4% Strong Philippine sales EBITDA 5.6 8.4 +50.5% Higher prices & Lower costs PBIT 4.5 6.5 +46.0% Higher EBITDA Net Profit 3.4 5.1 +50.1% Higher EBITDA & Lower Interest Expense
Slide 4: 1Q Turnover Analysis
1Q Turnover Analysis By Market Asia Pacific 73% 21% Europe & North America 27% 27% By Product Processed Product 61% Beverages 37% 1% 10% Non-processed 2% 19%
Slide 5: 1Q Margins
Improved prices + 1Q Margins lower costs due to % management initiatives 30 25.5 Higher gross 20.3 profit margin Higher PBIT & lower interest 20 expenses 13.6 9.5 10.7 7.3 10 0 Gross Profit PBIT Net Profit 1Q06 1Q07
Slide 6: 1Q PBIT Variance Analysis
1Q PBIT Variance Analysis 1Q07 1Q06 PBIT PBIT Other G&A Exp. Marketing Gross -0.3m US$ 6.5m US$ 4.5m Exp. Profit +0.3m -0.7m +2.7m Improved Favourable Mainly due to Advertising prices + IAS 41 higher rental campaigns lower costs expenses of new products
Slide 7: 1Q Cash Flow Variance Analysis
1Q Cash Flow Variance Analysis 1Q07 4Q06 Net Cash Net Cash Capex Forex & US$ 9.9m Operations -1.1m others US$ 7.8m +1.9m +1.3m
Slide 8: Outlook for 2007
Outlook for 2007 • Barring any unforeseen circumstances, Management continues to expect that the Group’s 2007 results will outperform those achieved in 2006 • The full impact of volume-generating initiatives coupled with the cost-saving program started in 2006 will be realised starting 2007