Want Want China Holdings Limited · HKEX:151
Want Want China — FY2023 Earnings Presentation
11 slides from Want Want China's earnings presentation, Jun 25, 2024
Slide 1: Presentation on Annual Results for the Year Ended 31 March 2024
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in relia
Slide 2: FY23 Results and Disclaimer
FY23 Results Year ended March 31 2024 June 25 2024 DISCLAIMER The information contained in this presentation is intended solely for your personal reference. Such information is subject to change without notice and no representation or warranty express or implied is made as to, and no reliance, shoul
Slide 3: Financial Highlights and Unit Cost Trend
Financial Highlights Unit: RMBmn FY22 FY23 YOY ü Dairy products and beverages segment ↑ high-single digit Revenue 22,928 23,586 2.9% ü Candies revenue reached new record high ü Diversification of emerging channels; overseas market ↑ mid-to-high teen Gross Margin 43.9% 46.6% 270bps ü ü Cost of some r
Slide 4: Rice Crackers Segment; Dairy Products and Beverages Segment
Rice Crackers Segment ü Revenue breakdown and gross margin ü FY23 revenue contribution of rice crackers segment Unit: RMBmn • Overseas markets, emerging channels ↑ double-digit 46.0% 42.6% 2.3% Y oY = 5,977 5,843 Emerging channels c.10% Overseas markets Traditional channel & c.20% modern channels c.
Slide 5: Snack Foods Segment; Operating Expenses
Snack Foods Segment ü Revenue breakdown and gross margin ü Revenue of candies Unit: RMBmn • Revenue of candies achieved new record high igit in gle d igh s -to-h = mid YoY 43.4% 44.0% Y oY = 5 .5 % FY22 FY23 5,820 5,502 ü Revenue of popsicles ü Revenue of popsicles in calendar year it le dig -sing =
Slide 6: Distribution Costs; Working Capital
Distribution Costs ü Distribution costs breakdown ü Distribution costs as % of revenue Unit: RMBmn Flat 3,018 3,021 6.6% 6.6% 4.0% 3.7% 2.6% 2.5% FY22 FY23 FY22 FY23 A&P expenses Transportation expenses Others Others Transportation expenses A&P expenses 9 Working Capital ü Turnover days ü Inventory
Slide 7: Cash and Borrowings; CAPEX; FY23 Dividends + Share Repurchases
Cash and Borrowings CAPEX Unit: RMBmn Unit: RMBmn Item 2023.03.31 2024.03.31 YOY Cash & bank balances 531 13,660 16,006 2,346 + long-term bank deposits Total borrowings 5,342 5,351 9 2H 406 RMB denominated borrowings 529 5,092 4,563 256 2H 125 % 10% 95% 186 USD denominated borrowings 4,704 123 4,581
Slide 8: Marketing Highlights FY23: Dairy Products and Beverages Segment
Marketing Highlights FY23 Dairy Products and Beverages Segment Dairy products and beverages revenue ↑ 7.4% Hot-Kid milk in "56 ethnic group can" back to market, sparked consumers' desire for collecting Channels diversification driven Consumption scenario marketing campaign boosted revenue growth Hot
Slide 9: Rice Crackers Segment; Snack Foods Segment
Rice Crackers Segment Rice crackers revenue ↑ 2.3% Distinctive new product "Little Rice Crunch" : a well- received hit, customised gift packs driving revenue growth Overseas market rice crackers revenue ↑ double-digit Overseas mainstream market and OEM development Emerging channels rice crackers rev
Slide 10: Prospect
All channels of the Group recorded revenue growth Traditional channels resumed growth Emerging channels ↑ high-single digit OEM ü Hot-Kid milk ↑ high single digit, beverages ↑ double-digit ü Content e-commerce and other new retail models ü In-depth cooperation with snacks specialty retailers ↑ doubl
Slide 11: Contact us
Contact us: investor@want-want.com
Want Want China Holdings — FY2023 Earnings Presentation on 6ix