United Breweries Limited · NSE:UBL
United Breweries — Q1 FY2025 Earnings Presentation
13 slides from United Breweries's earnings presentation, Jul 25, 2024
Slide 1: Intimation of Investor Presentation to stock exchanges
July 25, 2024 To, Department of Corporate Services, Department of Corporate Services BSE Limited National Stock Exchange of India Ltd., Floor 25, P J Towers Exchange Plaza, Bandra Kurla Complex Dalal Street Bandra (East) Mumbai – 400001 Mumbai - 400051 Scrip Code: 532478 Scrip Code: UBL Dear Sir/Mad
Slide 2: Investor Presentation, Quarter ended June 2024
Investor Presentation Quarter ended June 2024 1
Slide 3: Disclaimer
Disclaimer This presentation contains forward-looking statements with regard to the financial position and results of UBL’s activities. These forward- looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-lo
Slide 4: Q1 Highlights
Q1 Highlights Volume Premium Volume +5% +44% Net Sales Gross Margin +9% 43.0% (+247 bps vs PY) EBIT Profit after Tax +29% +27%
Slide 5: Q1 volumes up 5% with premium volumes growing 44%
Q1 volumes up 5% with premium volumes growing 44% Volume Growth Q1 (+5%) North (+7%) East (+2%) Volume growth in Uttar Pradesh, Volume growth in West Bengal & Haryana and Punjab partially Jharkhand partially offset by Meghalaya offset by Delhi & Assam West (+6%) South (+6%) Volume growth in Maharash
Slide 6: Strong volume momentum in recent quarters with continued premium acceleration
Strong volume momentum in recent quarters with continued premium acceleration 44% 21% 14% 11% 10% 8% 7% 5% Q2-FY24 Q3-FY24 Q4-FY24 Q1-FY25 Total Volume Premium Volume 5
Slide 7: Q1 - FY25 Results
Q1 - FY25 Results Q1 Results (standalone) Data in Rs. Cr. Jun-24 Jun-23 Change (%) Net Sales 2,473 2,273 9% COGS -1,409 -1,351 4% Gross Profit 1,064 922 15% Employee expenses -182 -147 24% Other expenses -597 -552 8% Other income 7 10 -30% EBITDA 292 233 25% Depreciation -58 -51 12% EBIT 234 182 29%
Slide 8: Net Sales increase fueled by volume growth and price-mix
Net Sales increase fueled by volume growth and price-mix Net sales Q1 (Rs. In Cr) 1 Volume growth driven by Karnataka, Andhra Pradesh, Uttar Pradesh, Maharashtra, Haryana 2,473 and West Bengal partially off-set mainly by Telangana & Delhi 2,273 5% 4% 2 Price mainly driven by Rajasthan, Karnataka, 1
Slide 9: c.30% EBIT growth from volume and price-mix with investments behind our brands
c.30% EBIT growth from volume and price-mix in combination with investments behind our brands & organization resulting in EBIT margin expansion EBIT YTD (Rs. In Cr) 1 Gross Profit improvement driven by volume and price mix. GP margin 247 bps up vs LY 234 2 driven by revenue management & cost 182 ini
Slide 10: Strong GP & EBIT margin improvement in Q1 along with investments
Strong GP & EBIT margin improvement in Q1(vs PY) along with investments behind our brands & organization +247 bps 43.0 % 40.6 % +148 bps 9.5 % 8.0 % Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 GP Margin EBIT Margin 9
Slide 11: Putting consumers & customers at the heart of our business
Putting consumers & customers at the heart of our business… 1 2 3 4 5 Manufacturing Policy Portfolio Innovation footprint Execution Advocacy Non exhaustive list of initiatives
Slide 12: Outlook
Outlook ▪ Building further category growth while driving the share of premium in our portfolio remains a key focus ▪ We continue to focus on revenue management & cost initiatives, to drive margin accretion with plans to further step- up investment behind our brands and capabilities ▪ We remain optim
Slide 13: Q&A
Q&A 12