Slide 1: Beluga Group 1H2019 Earnings Presentation
BELUGA GROUP 1H2019 EARNINGS PRESENTATION August 2019
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Beluga Group, Co. (the “Company“, or “Beluga • changes in consumer preferences and tastes, demographic trends or perceptions about Group”) and together with its subsidiaries. By attending the meeting where the presentation is health related issues; m
Slide 3: Financial and Operational highlights
BELUGA GROUP 1H2019 financial highlights total volume is stable + 19,4% volume of import Sales grew 8% and reached + 22,6% export volume of 31 bln. Rubles* vodka Beluga Net Revenue increased Operating profit by 14% to increased by 23% to 1,7 bln. Rubles 21,5 bln. Rubles EBITDA grew 41% and reached 2
Slide 4: Consolidated Revenue and Gross Profit
Consolidated Revenue and Gross Profit Total Net Revenue Total Gross Profit Revenue breakdown by segments RUB bn RUB bn RUB bn* +14% +5% +11% Revenue growth by 15,4 14% in 1H2019 21,5 8,4 13,9 18,8 8 mainly due to growth Alcohol of Winelab retail chain and import operations 1H2018 1H2019 Gross Profit
Slide 5: Consolidated EBITDA and Net Profit
Consolidated EBITDA and Net Profit Consolidated EBITDA G&A and distribution expenses RUB bn RUB bn EBITDA grew by 41% due to: +41% 2,7 G&A distribution double-digit growth of import operations; 1,9 improvements in operating efficiency as a result of ongoing positive effect from the efficiency -2% im
Slide 6: Segment EBITDA
Segment EBITDA* EBITDA breakdown by segments RUB bn Alcohol Retail Food Alcohol segment +23% -42% EBITDA grew due to 2,32 0,48 improvements in 1,88 operating efficiency 0,20 and effect from IFRS 16 0,11 implementation. 1H2018 1H2019 1H2018 1H2019 -0,09 1H2018 1H2019 Since 1H2018 the Company has repo
Slide 7: Debt Profile overview
Debt Profile overview Debt statistics summary RUB mln 31 Dec’18 30 Jun’19 Decrease in cost of borrowing from 9.0% p.a. in 2018 to 8.96% p.a. in 1H2019 Debt 12,886 16,084 All short-term debt was refinanced in July 2019 through Cash and cash equivalents 1,083 812 issuance of 5 bln., 5 years bond Net D
Slide 8: Income statement
Income statement Rub mln 2017 2018 1H2018 1H2019 YoY, % Net revenue 37,303 43,411 18,782 21,450 14% Cost of sales (23,628) (26,521) (10,766) (13,055) 21% Gross profit 13,675 16,890 8,016 8,394 5% margin 36.7% 38.9% 42.7% 39,1% -3.6 pp G&A expenses (2,951) (3,102) (1,562) (1,605) 3% Distribution expe
Slide 9: Balance sheet
Balance sheet Rub mln 31 Dec’18 30 Jun’19 Rub mln 31 Dec’18 30 Jun’19 ASSETS SHAREHOLDERS’ EQUITY AND LIABILITIES Non-current assets Equity and reserves Property, plant and equipment 10,593 14,202 Share capital 1,940 1,940 Goodwill 3,095 3,095 Own shares repurchased from shareholders (545) (618) Int
Slide 10: Cash Flow
Cash Flow Rub mln 2017 2018 1H2018 1H2019 Operating profit 2,848 3,273 1,412 1,734 Depreciation and amortization 768 978 507 969 Other non-cash transactions 200 28 13 32 Changes in working capital (1,860) 466 (2,292) (2,834) CF from operating activities 1,956 4,745 (360) (99) Interest paid (1,849) (
Slide 11: Appendix
Appendix 11
Slide 12: Diversified product portfolio of own brands
Diversified product portfolio of own brands Other spirits Vodka Brandy / Cognac / liquor Wine (gin, tequila, rum, etc.) Super premium Sub-premium / premium Middle Mainstream Sources: Company data 12 Notes: Price range for every segment could differ based on product category
Slide 13: Diversified product portfolio of imported brands
Diversified product portfolio of imported brands Other spirits Brandy / Cognac / liquor Whisky Wine (gin, tequila, rum, etc.) Super premium Sub-premium / premium Middle Mainstream Sources: Company data 13 Notes: Price range for every segment could differ based on product category. Whiskys Cigars Bar
Slide 14: High level of corporate governance with independent members on the Board of directors
High level of corporate governance with independent members on the Board of directors In June 2019, ALEXANDER MECHETIN NIKOLAY BELOKOPYTOV BELUGA GROUP reinforced CEO Chairman of the BoD the Board of Directors: Founder of Beluga Group CFO New members 4 on the Board of Directors SERGEY MOLCHANOV MIKH
Slide 15: Company strategy for further development
Company strategy for further development Brand portfolio Retail and distribution Расположение текста Расположение текста Diversified brand на цветной portfolio, coverage of плашке Continued development of the на цветной плашке allРасположение Сноска segments или примечание текста distribut