Uac Of Nigeria Plc · NSENG:UACN
Uac Of Nigeria — FY2018 Earnings Presentation
19 slides from Uac Of Nigeria's earnings presentation, 2019
Slide 1: UAC of Nigeria Plc FY 2018 Results
UAC of Nigeria Plc FY 2018 Results Fola Aiyesimoju – Group MD / CEO Ibikunle Oriola – Group Finance Director
Slide 2: Disclaimer
Disclaimer 2 This presentation contains forward-looking statements which reflect management's expectations regarding UAC of Nigeria Plc's (‘’UAC or the Company’’) future growth, results of operations, performance, business prospects and opportunities. Wherever possible, words such as "anticipate", "
Slide 3: Contents
Contents 3 2018 Overview 04 Financial Review 06 Segmental Performance 10 Outlook 14 Appendix 16
Slide 4: 2018 Overview
2018 Overview Fola Aiyesimoju – Group MD/CEO
Slide 5: 2018 Overview
2018 Overview 5 • Annual loss, with EPS1 for FY’18 of (207k), down from 69k in FY'17 • ROIC declined Y-o-Y to (1.8%) for FY'18 compared to 3.6% in FY'17 2018 Overview • FY'18 Revenue of N78.7bn down 11.7% from N89.2bn in FY'17 • FY'18 Operating Profit of (N5.3bn) compared with N7.0bn in FY'17 Financ
Slide 6: Financial Review
Financial Review Ibikunle Oriola – Group Finance Director
Slide 7: Income Statement
Income Statement 7 Summary income statement 2018 N mn, unless otherwise stated FY 2018 FY 2017 D% Overview Revenue 78,744 89,178 (11.7%) Gross Profit 14,044 15,957 (12.0%) Financial Gross Profit Margin (%) 17.8% 17.9% (5.8 bps) Review Operating Profit (5,311) 7,031 n/m Operating Profit Margin (%) (6
Slide 8: Financial Position
Financial Position 8 Financial Position Leverage (Dec 2018) 2018 Dec Dec Lev. N bn D% N bn Debt Cash Net Overview 2018 2017 Ratio * Non current Assets 50.8 56.5 (10) Corporate centre - 18.8 (18.8) n/a Current Assets 71.0 60.9 17 Paints - 4.8 (4.8) n/a Total Assets 131.1 130.6 0.4 Packaged Foods - 3.
Slide 9: Cash Flow
Cash Flow 9 PBT to Free Cash Flow Bridge 2018 N mn, unless otherwise stated FY 2018 FY 2017 D% Overview Profit Before Tax (5,512) 3,246 n/m Non cash charges & other 11,538 355 n/m Change in working capital (1,334) 6,063 n/m Financial Review of which receivables (1,655) (1,045) 58.4% of which invento
Slide 10: Segmental Performance
Segmental Performance Fola Aiyesimoju – Group MD/CEO
Slide 11: Key Developments
Key Developments 11 • Challenging market dynamics, excess industry capacity Animal Feeds • Efforts at improving efficiency began to yield fruits in Q4 2018 & Other Edibles • Grand Cereals CEO retired in Jan 2019; Focus on strengthening governance and management 2018 54.4% of Group revenue Overview •
Slide 12: Performance Snapshot
Performance Snapshot 12 Revenue Profit before Tax 2018 N mn FY 2018 FY 2017 D% N mn FY 2018 FY 2017 D% Overview Animal Feeds & Other Edibles 42,809 56,265 (23.9%) Animal Feeds & Other Edibles 37 1,107 (96.6%) Paints 10,562 9,424 12.1% Paints 2,904 2,302 26.1% Packaged Foods 15,867 14,183 11.9% Packa
Slide 13: UPDC
UPDC 13 UPDC impairment breakdown Debt Profile 2018 N mn 2018 Impairment Facility N mn Int. rate (%) Maturity Overview Inventory (1,318) Working Capital Facility 2,196 Avg. 17.0% Revolving Financial Receivables (3,113) Review Commercial Paper 13,709 Avg. 13.5% Jan – May 2019 Investment Property (1,2
Slide 14: Outlook
Outlook Fola Aiyesimoju – Group MD/CEO
Slide 15: Outlook
Outlook 15 • Focused on continuing the transition from a conglomerate to a lean Holdco 2018 Overview • Key priorities: ― UPDC: Address capital structure challenges. Expect to announce plan within calendar year Financial Review ― People: Empower and strengthen subsidiary management to effectively com
Slide 16: Appendix
Appendix
Slide 17: UAC's new senior management team
UAC’s new senior management team 17 2018 Overview Financial Review Mr Folasope Aiyesimoju Mr Ibikunle Oriola Dr Vitus Ezinwa Group MD / CEO Group Finance Director Group Human Resources Director Segmental Appointed 1 April 2019 Appointed 8 March 2019 Appointed 1 November 2018 Performance • Previously
Slide 18: Group overview
Group overview 18 Animal Feeds & Other Edibles Logistics (54.4% of Group revenue) (7.4% of Group revenue) 2018 Overview • 65.2% held in Grand Cereals Ltd (81.7% of segment revenue) 51% held in MDS logistics in a technical • 73.0% held in Livestock Feeds Plc (18.3% of segment revenue) partnership wit
Slide 19: Definition of terms
Definition of terms 19 • Gross Profit refers to Revenue minus Cost of sales. • Gross Profit Margin corresponds to Gross Profit as a % of Revenue. • Operating Expenses corresponds to Selling and distribution expenses, Administrative expenses and Other operating expenses. 2018 Overview • Operating Pro