Dangote Sugar Refinery Plc · NSENG:DANGSUGAR
Dangote Sugar Refinery — FY2018 Earnings Presentation
12 slides from Dangote Sugar Refinery's earnings presentation, Apr 4, 2019
Slide 1: Audited Results for the Year Ended 31st December, 2018
DANGOTE SUGAR REFINERY PLC AUDITED RESULTS FOR THE YEAR ENDED 31ST DECEMBER, 2018 PRESENTATION THURSDAY, 4TH APRIL, 2019 1
Slide 2: Company Overview and Strong Financial Performance
COMPANY OVERVIEW STRONG FINANCIAL PERFORMANCE • Largest Sugar Refinery sub Saharan Africa FIVE YEARS PBT TREND ANALYSIS • One of the largest sugar refineries in the world • 1.44m MT/PA refining capacity at one 54.88 location • Dominant player in the Nigerian sugar market with about 60% market share
Slide 3: FY 2018 Highlights
FY 2018 HIGHLIGHTS Financial highlights • Group Revenue down by 26% to ₦150.4 N billions billion (2017: N204.4bn). -Lower Average selling price of N14,400/50kg 42.96 compared to (2017:N16,600/50kg) 41.14 -Average Cost of raw sugar was USD299.22 per 33.70 mt, - Cost of sales was N110.7bn (2017:153.4b
Slide 4: Financial Highlights
FINANCIAL HIGHLIGHTS 31-12-2018 31-12-2017 % change Refined Sugar Produced (MT) 577,160 671,893 -14 Refined Sugar Sold (MT) 581,504 657,775 -11 Average Price per 50kg bag (N) 14,400 16,600 N’billion N’billion Revenue 150.4 204.4 -26 Gross Profit 39.7 50.9 -22 Gross margin (%) 26.4% 24.9% +6 EBITDA 3
Slide 5: Financial Highlights Cont. (Financial Position)
FINANCIAL HIGHLIGHTS CONT. Financial Position 31 – 12- 2018 31 – 12 – 2017 N’billion N’billion Non-Current Assets 71.4 66.6 Current Assets 103.7 128.5 Total Assets 175.1 195.1 Total Equity 98.98 92.7 Long-Term Debts Non-Current Liabilities 6.74 6.7 Current Liabilities 69.4 95.7 Total Liabilities 76.
Slide 6: Financial Highlights Cont. (Cash Flows)
FINANCIAL HIGHLIGHTS CONT. Cash flows 31-12-2018 31-12-2017 N’billion N’billion Cash at beginning of the year 41.4 34.9 Cash from Operations 3.5 25.9 Capital Expenditure and other investing (8.2) (6.3) activities Dividend payment (15.0) (13.2) Loans Obtained 0 0 Loan Repayment (0.07) 0 Cash at end o
Slide 7: Key Issues that Impacted FY18 Performance and 2019 Focus
KEY ISSUES THAT IMPACTED FY18 PERFORMANCE 2019 FOCUS To Regain lost customers and engage new • Influx of lower ones quality, unlicensed sugar smuggled in to key markets Improve overall service levels nationwide, which continued gain grounds, with the Sales and attendant Optimize Cost and Efficiencie
Slide 8: Dangote Sugar for Nigeria Project Master Plan
DANGOTE SUGAR FOR NIGERIA PROJECT MASTER PLAN Dangote Sugar Backward Integration Projects plan to produce 1.08M MT/PA refined sugar from locally grown sugarcane in 6 years across various sites, and eventually 1.5M MT in 10 years. • 5 large sugar factories • 108,000 Ha of land under cultivation • 1.0
Slide 9: Savannah Sugar Company Ltd
SAVANNAH SUGAR COMPANY LTD Savannah Sugar Company Ltd, is a 32,000ha Dangote Sugar brownfield Sugar Backward Integration estate, located in Numan, Adamawa State. Rehabilitation & Expansion is still ongoing, while Production and planting for the 2018/2019 crop season commence in December, 2018 and wi
Slide 10: Nasarawa Sugar Company (Tunga Sugar Project) Ltd
NASARAWA SUGAR COMPANY (TUNGA SUGAR PROJECT) LTD Nasarawa Sugar Company Limited, Tunga, Awe LGA of Nasarawa State. A 68,000ha greenfield Project. Focus is on development beyond the 600 HA B nursery. • The central pivot system for “A” Nursey (65ha) commissioned and the system is now in operation • Pl
Slide 11: Lau/Tau Project Sites
LAU/TAU PROJECT SITES Lau/Tau Sugar Project, is a 25,000ha Dangote Sugar greenfield Sugar Backward Integration Project, located at Lau/Tau areas of Taraba State. • The has been no action by the State Govt. on alleged unpaid land compensation by the community and the attack on our workers. • Manageme
Slide 12: Investor Relations Contact
INVESTOR RELATIONS CONTACT Ngozi Ngene Head, Corporate Affairs Dangote Sugar Refinery Plc Tel: +234 80714 90714 Email: ngozi.ngene@dangote.com, srefinery@Dangote.com
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