Slide 1: First Quarter FY2010 Results
First Quarter FY2010 Results 16 November 2009
Slide 2: Disclaimer
Disclaimer The information in this document has not been independently verified and no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. None of the
Slide 3: Q1 FY2010 Financial Highlights
Q1 FY2010 Financial Highlights* Amounts in USD millions, except for EPS and ratios Q1 FY2009 Q1 FY2010 % change Revenue 371.3 240.3 (35.3)% Operating profit (EBIT) 45.3 30.7 (32.2)% Foreign exchange (loss) / gain** (16.7) 11.5 Net profit*** 23.2 39.2 69.0% EPS **** 0.32 0.57 Net Debt / EBITDA *****
Slide 4: Key Drivers in Q1 FY2010
Key Drivers in Q1 FY2010 Markets Sizable 2009 grain harvest and sunflower seed near-record harvest Expected grain and oilseed export in excess of 20 million tons over season 2009/2010 40% year-on-year decrease in soft commodity prices Strategy implementation Commissioning of green field crus
Slide 5: Q1 FY2010 Income Statement Highlights
Q1 FY2010 Income Statement Highlights Amounts in USD millions, except for EPS and margins Q1 FY2009 Q1 FY2010 % change Revenue 371.3 240.2 (35.3)% EBITDA 52.2 35.8 (31.4)% Operating profit (EBIT) 45.3 30.7 (32.2)% Foreign exchange (loss) / gain (16.7) 11.5 Net profit* 23.2 39.2 69.0% EPS ** 0.32 0.5
Slide 6: Q1 FY2010 Balance Sheet Highlights
Q1 FY2010 Balance Sheet Highlights Amounts in USD millions Sept. 30 2008 June 30 2009 Sept. 30 2009 Invested Capital Cash & cash equivalent 234.3 129.3 53.8 Net trade accounts receivable 50.3 32.4 41.5 Inventory 181.4 99.1 204.6 Of which: Readily Marketable Inventories * 171.4 94.9 198.9 Other curre
Slide 7: Q1 FY2010 Cash Flow Highlights
Q1 FY2010 Cash Flow Highlights Amounts in USD millions Q1 FY2009 Q1 FY2010 Operating profit before working capital changes 36.2 52.4 Changes in working capital (89.4) (131.5) Cash obtained from / (used in) operations (53.2) (79.1) Finance costs paid (7.7) (3.1) Income tax paid (0.3) (0.2) Net cash o
Slide 8: Segments Results – 1st Quarter
Segments Results – 1st Quarter Operating margin, Revenue, USD millions Operating profit, USD millions Tonnage * % Q1 Q1 % Q1 Q1 % Q1 Q1 Q1 Q1 % change FY09 FY10 change FY09 FY10 change FY09 FY10 FY09 FY10 Bottled oil 52.1 27.1 (48)% 8.7 3.3 (62)% 16.7% 12.2% 28.6 28.9 1% Bulk oil 95.1 77.1 (19)% 13.
Slide 9: Q1 FY2010 Liquidity position
Q1 FY2010 Liquidity position Amounts in USD millions, except ratios Sept. 30 2008 June 30 2009 Sept. 30 2009 Cash 234.3 129.3 53.8 Inventories 181.4 99.1 204.6 Of which: Readily Marketable Inventories 171.4 94.9 198.9 RMI/Inventories 94.5% 95.8% 97.2% Y-on-y increase in inventory levels is primari
Slide 10: Q1 FY2010 Credit metrics
Q1 FY2010 Credit metrics Amounts in USD millions, except ratios Sept. 30 2008 June 30 2009 Sept. 30 2009 Gross interest-bearing debt 424.2 294.6 328.7 Cash 234.3 129.3 53.7 Net interest-bearing debt 189.8 165.3 275.0 Readily marketable inventories 171.4 94.9 198.9 Adjusted net financial debt * 18.4
Slide 11: FY2010 Outlook
FY2010 Outlook Maintaining FY2010 guidance USD 1 050 million revenue USD 185 million EBITDA USD 130 million Net profit Q1 FY2010 11