Savola Group · TADAWUL:2050

Savola — Q2 2016 Earnings Presentation

26 slides from Savola's earnings presentation, 2016

  1. Slide 1: Investor Presentation Q2 2016

    Investor Presentation Q2 2016 1

  2. Slide 2: Group Highlights

    Group Highlights 2

  3. Slide 3: Group Highlights

    Group Highlights All numbers are in SAR million unless specified Revenue Gross Profit EBIT Net Income 6,890 1,290 414 247 Q -2.1% vs.LY -4.7% vs. LY -23.7% vs. LY -43.2% vs. LY 2 Y 12,913 2,513 700 340 -2.6% vs. LY 0.0% vs. LY -23.4% vs. LY -62.5% vs. LY T D 3

  4. Slide 4: Group Highlights – One offs

    Group Highlights – One offs  Q1 2016: – Share of loss from associate (SAR 20.4 mln)  Q1 2015: – Capital gain from the sale of packaging business (SAR 265 mln) 4

  5. Slide 5: Group Financial Highlights: YoY Sales, YoY Gross Profit

    Group Financial Highlights All numbers are in SAR million unless specified Growth Margin -2.6% YoY Sales -2.1% -3.2% 13,260 12,913 6,224 6,023 7,036 6,890 Q1’15 Q1’16 Q2’15 Q2’16 YTD Jun’15 YTD Jun’16 0.0% YoY Gross Profit -4.7% 5.5% 2,512 2,513 1,159 1,223 1,353 1,263 1,290 1,306 Q1’15 Q1’16 Q2’15

  6. Slide 6: Group Financial Highlights: YoY EBIT, YoY NI

    Group Financial Highlights All numbers are in SAR million unless specified Growth Margin -23.4% YoY EBIT -23.7% -23.0% 913 543 700 511 414 371 285 Q1’15 Q1, 16 Q2’15 Q2’16 YTD Jun’15 YTD Jun’16 6.0% 4.7% 7.7% 6.0% 6.9% 5.4% YoY NI -62.5% -80.3% -43.2% 905 471 434 247 340 93 372 Q1’15 Q1’16 Q2’15 Q2’

  7. Slide 7: Revenue Mix by Business FY 2016

    Revenue Mix by Business FY 2016 All numbers are in SAR million unless specified Revenue Revenue YTD Jun'15 YTD Jun'16 48% 45% 3,092 52% 55% Foods Retail Foods Retail 7

  8. Slide 8: Capital Expenditure By Segment

    Capital Expenditure By Segment All numbers are in SAR million unless specified -37.2% +86.4% 670 421 371 199 YTD Jun’15 YTD Jun’16 YTD Jun’15 YTD Jun’16 Foods Retail 8

  9. Slide 9: Group Net Income Water Fall – Exceptional Items (YTD)

    Group Net Income Water Fall – Exceptional Items (YTD) SAR Mn 905 265 705 65 547 98 340 89 20 YTD June 2015 Capital Gain FX Impact YTD June 2015 YTD June Loss from FX Impact USD Sourcing YTD June on sale of SPS Foods (Clean Net 2016 Associate Foods Foods 2016 Income) (Clean Net Income) Group clean NI

  10. Slide 10: Foods Highlights

    Foods Highlights 10

  11. Slide 11: Foods Highlights

    Foods Highlights All numbers are in SAR million unless specified Volume Revenue Gross Profit Net Income (‘000MT) 3,103 507 135 931 Q -7.9% vs.LY -6.1% vs. LY -35.7% vs. LY -0.4% vs. LY 2 Y 5,922 906 191 1,782 -8.3% vs. LY -7.5% vs. LY -37.3% vs. LY 1.9% vs. LY T D 11

  12. Slide 12: Foods Financial Highlights: YoY Sales, YoY Gross Profit

    Foods Financial Highlights All numbers are in SAR million unless specified Growth Margin YoY Sales -8.3% -7.9% -8.6% 6,456 5,922 3,369 3,103 3,087 2,820 Q1’15 Q1’16 Q2’15 Q2’16 YTD Jun’15 YTD Jun’16 -7.5% YoY Gross Profit -6.1% -9.3% 979 906 540 507 439 399 Q1’15 Q1’16 Q2’15 Q2’16 YTD Jun’15 YTD Jun

  13. Slide 13: Foods Financial Highlights: YoY EBITDA, YoY NI

    Foods Financial Highlights All numbers are in SAR million unless specified Growth Margin YoY EBITDA -11.0% -8.3% -14.3% 617 549 342 314 275 236 Q1’15 Q1’16 Q2’15 Q2’16 YTD Jun’15 YTD Jun’16 8.9% 8.4% 10.2% 10.1% 9.6% 9.3% YoY NI -37.4% -35.7% -40.7% 305 210 191 95 135 56 Q1’15 Q1’16 Q2’15 Q2’16 YTD

  14. Slide 14: Revenue Breakdown By Category

    Revenue Breakdown By Category All numbers are in SAR million unless specified -8.2% 6,455 4% Pasta 5,922 YoY +7% 5% Sugar 24% YoY -13% 22% Oil YoY -8% 72% 73% 14 YTD Jun’15 YTD Jun’16

  15. Slide 15: Revenue Breakdown By Geography

    Revenue Breakdown By Geography All numbers are in SAR million unless specified -8.2% 6,455 2% Morocco 5% 5,922 YoY +10% 4% 3% 3% Sudan 8% 4% YoY -46% 7% Algeria YoY -8% 23% 21% Turkey YoY -9% Iran YoY -15% 20% 16% Egypt YoY -28% KSA YoY +10% 38% 46% 15 YTD Jun’15 YTD Jun’16

  16. Slide 16: Volume Breakdown By Category

    Volume Breakdown By Category Thousand tonnes unless specified otherwise +1.9% 1,749 1,782 Pasta 7% 9% YoY +19% Sugar YoY +11% Oil YoY -9% 43% 47% 50% 45% 16 YTD Jun’15 YTD Jun’16

  17. Slide 17: Volume Breakdown By Geography

    Volume Breakdown By Geography Thousand tonnes unless specified otherwise +1.9% 1,749 1,782 2% 2% Morocco 2% 2% 3% 3% YoY +11% 4% 4% Sudan YoY -3% 15% 14% Algeria YoY +12% Turkey 22% 24% YoY -8% Iran YoY -6% Egypt YoY +7% KSA YoY +2% 51% 51% 17 YTD Jun’15 YTD Jun’16

  18. Slide 18: Retail Highlights

    Retail Highlights 18

  19. Slide 19: Retail Highlights

    Retail Highlights All numbers are in SAR million unless specified Stores Revenue Gross Profit Net Income Openings 3,874 782 -80 7 Q +2.4% vs.LY -3.8% vs. LY NA vs. LY 3 Hyper 2 4 Super Y 7,145 1,607 -101 12 +2.5% vs. LY +4.8% vs. LY NA vs. LY 3 Hyper T 8 Super D 1 Pandati 19

  20. Slide 20: Retail Financial Highlights: YoY Sales, YoY Gross Profit

    Retail Financial Highlights All numbers are in SAR million unless specified Growth Margin 2.5% YoY Sales 2.4% 2.5% 6,974 7,145 3,192 3,271 3,782 3,874 Q1’15 Q1’16 Q2’15 Q2’16 YTD Jun’15 YTD Jun’16 YoY Gross Profit 4.8% 14.5% -3.8% 1,534 1,607 720 824 813 782 Q1’15 Q1’16 Q2’15 Q2’16 YTD Jun’15 YTD Ju

  21. Slide 21: Retail Financial Highlights: YoY EBITDA, YoY NI

    Retail Financial Highlights All numbers are in SAR million unless specified Growth Margin YoY EBITDA -37.9% -66.6% 1.7% 263 153 163 110 112 51 Q1’15 Q1’16 Q2’15 Q1’16 YTD Jun’15 YTD Jun’16 3.5% 3.4% 4.0% 1.3% 3.8% 2.3% YoY NI 18 48 67 -21 -80 -101 Q1’15 Q1’16 Q2’15 Q2’16 YTD Jun’15 YTD Jun’16 21 0.6

  22. Slide 22: Number of Stores and Selling Area

    Number of Stores and Selling Area Super Hyper 154 158 4 0 64 67 3 0 Q1’16 Openings Closures YTD’16 Q1’16 Openings Closures YTD’16 Selling Area Selling Area Pandati 742,113 m2 Total 758,227 m2 450 448 7 9 232 223 0 9 Q1’16 Openings Closures YTD’16 Q1’16 Openings Closures YTD’16 22

  23. Slide 23: Number of Stores – By Quarter

    Number of Stores – By Quarter Super Hyper 152 158 4 4 2 64 67 0 3 0 2015 Q1’16 Q2’16 Closures YTD’16 2015 Q1’16 Q2’16 Closures YTD’16 Pandati Selling Area Total Selling Area 758,227 m2 747,544 m2 498 7 5 62 448 282 1 0 60 223 2015 Q1’16 Q2’16 Closures YTD’16 2015 Q1’16 Q2’16 Closures YTD’16 23

  24. Slide 24: Appendix

    Appendix 24

  25. Slide 25: Quarterly Financials – Q1 2016

    Quarterly Financials – Q1 2016 (all figures are in SAR millions) Segment Wise Financials Q1- 2016 Q1- 2015 Revenue Gross Profit EBIT Net Income EBITDA Revenue Gross Profit EBIT Net Income EBITDA Food Oil-Mature Markets 1,675 292 153 107 175 1,930 331 198 119 219 Oil-Start-up Markets* 273 39 14 9 18

  26. Slide 26: Quarterly Financials – Q2 2016

    Quarterly Financials – Q2 2016 (all figures are in SAR millions) Segment Wise Financials Q2- 2016 Q2- 2015 Revenue Gross Profit EBIT Net Income EBITDA Revenue Gross Profit EBIT Net Income EBITDA Food Oil-Mature Markets 1,765 380 213 139 236 2,002 401 233 186 254 Oil-Start-up Markets* 288 38 14 9 17

Savola Group — Q2 2016 Earnings Presentation on 6ix