Kernel Holding S.a. · GPW:KER
Kernel — H1 FY2011 Earnings Presentation
8 slides from Kernel's earnings presentation, 2011
Slide 1: H1 FY2011 Results Presentation
mite = FY2011 5
Slide 2: Disclaimer
Disclaimer The information in this document has not been independently verified and no representation or warranty, expressed or implied, is made as to, and no re- liance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. None of
Slide 3: Financial Highlights
Financial Highlights (1) Amounts in USD millions, except for EPS and ratios H1 FY2010 H1 FY2011 % change Revenue 512.5 912.4 78.0 % Result from operating activities (EBIT) 81.9 125.3 53.0 % Net profit (2) 82.4 86.2 4.6 % EBITDA (3) 91.8 141.3 53.9 % EPS (4) 1.19 1.16 (2.5) % Net Debt / EBITDA (5) 1.
Slide 4: Income Statement Highlights
Income Statement Highlights (1) Amounts in USD millions, except for EPS and margins H1 FY2010 H1 FY2011 % change Revenue 512.5 912.4 78.0 % Result from operating activities (EBIT) 81.9 125.3 53.0 % Net profit (2) 82.4 86.2 4.6 % EBITDA (3) 91.8 141.3 53.9 % EPS (4) 1.19 1.16 (2.5) % Gross margin 30.
Slide 5: Balance Sheet Highlights
Balance Sheet Highlights (1) Amounts in USD millions 31 December 2009 30 June 2010 31 December 2010 Invested Capital Cash & cash equivalent 50.3 59.5 21.6 Net trade accounts receivable 58.6 65.5 127.7 Inventory 268.4 147.8 547.0 Of which: Readily Marketable Inventories (2) 265.2 142.9 538.9 Other cu
Slide 6: Cash Flow Highlights
Cash Flow Highlights (1) Amounts in USD millions H1 FY2010 H1 FY2011 Operating profit before working capital changes 107.2 137.7 Changes in working capital (206.9) (517.8) Cash used in operations (99.7) (380.1) Finance costs paid (8.9) (20.3) Income tax paid (0.5) (0.8) Net cash used in operations (
Slide 7: Segmental Results
Segmental Results Revenue(1), USD million Operating profit(2), USD million Operating margin, % Tonnage(3) H1 FY10 H1 FY11 % change H1 FY10 H1 FY11 % change H1 FY10 H1 FY11 H1 FY10 H1 FY11 % change Bottled oil 62.9 71.8 14.2 % 11.3 11.2 (1.5) % 18.0 % 15.6 % 65.3 61.4 (6.0) % Bulk oil 143.9 440.3 205
Slide 8: Liquidity position & credit metrics
Liquidity position & credit metrics Amounts in USD millions, except ratios 31 December 2009 30 June 2010 31 December 2010 Cash 50.3 59.5 21.6 Inventory 268.4 147.8 547.0 Of which: Readily Marketable Inventories 265.2 142.9 538.9 RMI/Inventories 98.8% 96.7 % 98.5 % Gross interest-bearing debt 400.7 3