AGRANA Beteiligungs-AG · VIE:AGR
AGRANA Beteiligungs-AG — Q1 2012|13 Earnings Presentation
29 slides from AGRANA Beteiligungs-AG's earnings presentation, Jul 12, 2012
Slide 1: Results for the first quarter of 2012|13
AGRANA Beteiligungs-AG Results for the first q quarter of 2012|13 | 1 March – 31 May 2012 Sugar. Starch. Fruit. Vienna, Vi 12 July J l 2012
Slide 2: Continued Sound Growth
Continued Sound Growth • On 25 June 2012 AGRANA published an ad-hoc announcement pointing out that the Group started 2012|13 with a strong first quarter • Today we provide you with detailed information on all segments and present the details of the consolidated financial statements of the first thre
Slide 3: Financial Highlights Q1 2012|13
Financial Highlights Q1 2012|13 Revenue growth of 26.4% to € 774.6 million (prior year: € 612.9 million) Rise of 15.1% in operating profit before exceptional items, to € 70.9 million (prior year: € 61.6 million) Slight S g t dec decrease ease in ope operating at g margin a g to 99.2% % (prior (p o y
Slide 4: Other Key Financials
Other Key Financials Q1 Q1 2012|13 2011|12 change EBITDA, €m 86.8 78.5 +10.6% EBITDA-margin, % 11.2 12.8 Profit for the p period attributable to 47 1 47.1 41 6 41.6 +13 3% +13.3% shareholders, of the parent, €m Earnings per share, € 3.32 2.93 +13.3% ROCE, % 4.2 4.3 Investment, €m 22.7 14.2 +59.9% St
Slide 5: Revenue by Segment
Revenue byy Segment g Q1 2012|13 € €m Q1 2011|12 774.6 +26.4% 38.8% 29.7% 612 9 612.9 +16.0% 275.4 31.5% 237.5 -0,5% 192.4 Q1 2012|13 193 4 193.4 +68.6% 306.8 35.6% 8 0 182.0 39.6% 24.8% Q1 2011|12 Q1 2012|13 Sugar Starch Fruit 5 | Results for the first quarter of 2012|13, 12 July 2012
Slide 6: Operating Profit by Segment
Operating p g Profit byy Segment g Q1 2012|13 Q1 2011|12 7.4% 28.4% 35 1% 35.1% 11.9% 36.5% €m 11.6% +15.1% 70.9 61.6 -29.7% 12.3 17.5 24.0 Q1 2012|13 22.5 +6.7% 4.5% 21.6 +60.2% 34.6 17.3% 48.8% 11.3% Q1 2011|12 Q1 2012|13 33 9% 33.9% Sugar Starch Fruit 12.5% Operating Margin 6 | Results for the fi
Slide 7: Investment Focus
Investment Focus Q1 2012|13 €m • Factory relocation in Dachang|China S Sugar S Starch h F i Fruit • Completion of the building as part of the --- Depreciation 22.7 plant expansion at Serpuchov|Russia by end of July 2012 5.6 • Wheat starch plant in Pischelsdorf|Lower Austria – construction in p progr
Slide 8: Key Drivers for the Segments
Keyy Drivers for the Segments g Q1 2012|13 • World W ld market k pricei volatility l ili continued i d in i Q1 off 2012|13 FY • European Commission regularly takes measures to keep the SUGAR market balanced and sufficiently supplied (e.g. reclassification of NQS Segment g to QS in April 2012 and imp
Slide 9: SUGAR
SUGAR 9 | Results for the first quarter of 2012|13, 12 July 2012
Slide 10: SUGAR Segment: Highlights Q1 2012|13
SUGAR Segment: Highlights Q1 2012|13 Revenue Revenue Re en e grew g e considerably conside abl to € 306.8 306 8 m m€ 306.8 +68.6% • Successful start into 2012|13 182.0 • Continued growth in revenues, especially due to higher volumes • Expansion of trading activities • Sales to industry and retail ha
Slide 11: Quotation for Raw Sugar & White Sugar
Q Quotation for Raw Sugar & White Sugar January 2006 – July 2012 (USD) 2012|13 FY White sugar (LSE) 10/7/2012: 650.0 USD/to = 528.7 EUR/to Raw sugar (NYSE) 11/7/2012: 494.7 USD/to = 402.6 EUR/to 11 | Results for the first quarter of 2012|13, 12 July 2012
Slide 12: STARCH
STARCH 12 | Results for the first quarter of 2012|13, 12 July 2012
Slide 13: STARCH Segment: Highlights Q1 2012|13
STARCH Segment: Highlights Q1 2012|13 Revenue €m -0.5% 0 5% Revenue stable at € 192.4 192 4 m 193.3 192.4 • Revenue stable due to somewhat lower prices • Higher prices and volumes of syrups • Higher volumes but lower prices of starches and by-products • Lower prices and volumes of ethanol Q1 2011l12
Slide 14: Price Development of Cereals
Price Development of Cereals January 2009 – July 2012 (EUR) 2012|13 FY WHEAT Quotation (Paris) 10/7/2012: 248.0 EUR/to CORN Quotation Q (Paris) 10/7/2012: 237.0 EUR/to 14 | Results for the first quarter of 2012|13, 12 July 2012
Slide 15: FRUIT
FRUIT 15 | Results for the first quarter of 2012|13, 12 July 2012
Slide 16: FRUIT Segment: Highlights Q1 2012|13
FRUIT Segment: Highlights Q1 2012|13 Revenue +16.0% Revenue rose tto € 275.4 R 275 4 m €m 275.4 • Stable or higher sales of fruit preparations in 237.5 most of our markets (with the exception of Central and Western Europe) • Sales prices compared to last year at a higher level, reflecting the increa
Slide 17: Consolidated Financial Statements Q1 2012|13
CONS. FINANCIAL STATEMENTS Q1 2012|13 17 | Results for the first quarter of 2012|13, 12 July 2012
Slide 18: Consolidated Income Statement
Consolidated Income Statement € (condensed) €m Q1 Q1 2012|13 2011|12 Revenue 774.6 612.9 Operating profit before exceptional items 70.9 61.6 Exceptional items 0.0 0.0 Operating profit after exceptional items 70.9 61.6 Net financial items (9.7) (6.2) Profit before tax 61.3 55.4 Income tax (expense) (
Slide 19: Consolidated Balance Sheet
Consolidated Balance Sheet €m (condensed) 31 May 29 February 2012 2012 Non-current assets 994.9 992.8 C Current t assets t 1 289 9 1,289.9 1 369 3 1,369.3 Equity 1,111.8 1,073.0 Non-current liabilities 520.1 416.4 Current liabilities 652.9 872.7 Total assets 2,284.8 2,362.1 Equity ratio 48.7% 45.4%
Slide 20: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement €m Q1 2012|13 Q1 2011|12 Operating cash flow before changes in working capital 71.9 63.1 (Gains) on disposal of non-current assets (0.6) (0.2) Changes in working capital (50.9) (52.5) Net cash from operating activities 20 4 20.4 10 4 10.4 Net cash (used in) investing
Slide 21: Current Projects & Outlook
Sugar. CURRENT Starch. Fruit. PROJECTS & OUTLOOK 21 | Results for the first quarter of 2012|13, 12 July 2012
Slide 22: Biorefinery Pischelsdorf
Biorefineryy Pischelsdorf The industrial site from 2013 Wheat starch Bioethanol ActiProt High-purity CO2 22 | Results for the first quarter of 2012|13, 12 July 2012
Slide 23: Further current projects
Further current projects • Raise of energy self self-sufficiency sufficiency through investment in Austria and Hungary: – (1) beet pulp dryers at the production sites in Tulln & Leopoldsdorf 1 – (2) straw-fired biomass boiler at HUNGRANA in Szabadegyháza|Hungary: burn biomass (90,000 tonnes) to gene
Slide 24: Other News
Other News • Joint Venture with Ybbstaler (fruit juice concentrates) – Approval by the EU Commission on April 4, 2012 – YBBSTALER AGRANA Juice GmbHGmbH-Closing Closing as of June 1, 1 2012 – Since Q2 2012|13 fully consolidated by AGRANA – Full year 12 months revenue for the new juice operation: € 35
Slide 25: Segment Outlook 2012|13 FY
Segment Outlook 2012|13 FY • AGARANA expects a 2nd quarter 2012|13 with a similarly good earnings situation like in Q1 2012|13 SUGAR • Projection for the full year 2012|13: uncertainty about the further Segment development from autumn 2012 because of crops and prices; on one hand continued revenue g
Slide 26: Outlook AGRANA Group 2012|13 FY
Outlook AGRANA Group 2012|13 FY • AGRANA forecasts f t a steady t d development d l t off results lt in i all segments in FY 2012|13 • Increase in consolidated revenues due to further increases in sales at a high sales price level • In terms of the bottom line, the performance of the past year will
Slide 27: Financial Calendar for 2012|13
Financial Calendar for 2012|13 11 October 2012 Results for first half of 2012|13 10 January 2013 Results for first three quarters of 2012|13 27 | Results for the first quarter of 2012|13, 12 July 2012
Slide 28: Thank you for your attention
Sugar. Starch. Fruit. THANK YOU FOR YOUR ATTENTION 28 | Results for the first quarter of 2012|13, 12 July 2012
Slide 29: Disclaimer
Disclaimer This presentation is being provided to you solely for your information and may not be reproduced or further distributed to any other person or published, in whole or in part, for any purpose. This presentation comprises the written materials/slides for a presentation concerning AGRANA Bet
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