Almarai Company · TADAWUL:2280
Almarai — Q4 2011 Earnings Presentation
17 slides from Almarai's earnings presentation, January 2012
Slide 1: Almarai Company 2011 Q4 Earnings Presentation
Almarai Company 2011 Q4 Earnings Presentation
Slide 2: Disclaimer
Disclaimer Information contained in this presentation is subject to change without further notice, its accuracy is not guaranteed and it may not contain all material information concerning the company. Neither we nor our advisors make any representation regarding, and assume no responsibility or lia
Slide 3: Investment Impairment
Investment Impairment • This presentation reviews the Earnings figures for Q4 2011. These figures do not reflect any permanent impairment of Zain – i.e. the decline in the value of the investment continues to be reflected within Equity. • The Zain equity investment of 35 million shares at a par valu
Slide 4: Highlights
Highlights Key achievements delivered despite challenging year • Summary financial results – in line with expectations : – Revenue growth of 14.7% to SAR 7.9 billion – Operating income growth of 3.9% to SAR 1.5 billion – Net income flat at SAR 1.3 billion – Cash flow from operating activities of SAR
Slide 5: Highlights
Highlights SAR 2 billion Revenue for third successive quarter Q4 2011 YTD Q4 2011 Revenue growth 16.1% from SAR 1,799 million 14.7% from SAR 6,931 million (versus prior year) to SAR 2,089 million to SAR 7,951 million Net Income growth 0.6% from SAR 284 million to 1.1% from SAR 1,285 million to (vers
Slide 6: Statement of Income
Statement of Income 4th Quarter YTD Q4 SAR million 2011 2010 Change 2011 2010 Change Net Sales 2,089.3 100.0% 1,798.8 100.0% 16.1% 7,951.0 100.0% 6,930.9 100.0% 14.7% Cost of sales (1,365.4) (65.4%) (1,130.5) (62.8%) 20.8% (4,954.5) (62.3%) (4,195.0) (60.5%) 18.1% Gross Profit 723.8 34.6% 668.3 37.2
Slide 7: Sales Analysis by Product & Region
Sales Analysis by Product & Region Sales by Product Sales by Product Sales by Region 2011 Group SAR Million 2011 2010 % change Fresh Dairy 3,475.7 3,168.7 9.7% Bahrain, 2.1% UAE, 10.5% Long-Life Dairy 761.1 658.9 15.5% Fruit Juice 888.1 745.1 19.2% Qatar, 4.3% Oman, 5.3% Cheese & Butter 1,446.6 1,28
Slide 8: Revenue growth by product group
Revenue growth by product group Dairy Fruit Juice in million SAR in million SAR 4,500 1,000 4,000 3,500 800 3,000 600 2,500 2,000 400 1,500 1,000 200 500 1,990 2,288 2,970 3,380 3,828 4,237 207 340 484 620 745 888 0 0 2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011 in million SAR Cheese
Slide 9: Robust revenue growth with challenging but anticipated EBIT trend
Robust revenue growth with challenging – but anticipated – EBIT trend Revenue and Net Operating Income Evolution 24.9% 22.7% 22.6% 24.4% 23.2% 21.8% 21.1% 21.0% 20.7% 21.0% 20.1% 19.1% 19.4% 7,951 SA R i n Million 6,931 CAGR 1999 – 2011: 17.1% (w/o impact of acquisitions 15.3%) CAGR 2004 – 2011: 22.
Slide 10: Quarterly Performance – Net Income
S AR Million 0 50 100 350 150 200 250 300 400 450 500 78.0 90 .6 Almarai Company 12 2.8 162 .2 197.4 2 34.1 2 35.2 100.3 12 1.8 165 .3 2 35.2 2 87.1 343.1 349.3 100.9 12 2.6 2011 Q4 Earnings Presentation 186.1 2 93.7 363.4 42 4.5 42 9.7 106.9 Quarterly Performance – Net Income 130 .2 193.1 2 19.2 2
Slide 11: Cash Flow Statement
Cash Flow Statement Cash Flow Statement SAR Million 2011 2010 From Operating Activities 1,924.0 1,965.0 Used in Investing Activities (3,237.5) (2,188.7) From Financing Activities 1,344.7 (43.3) Increase/(Decrease) in Cash 31.2 (266.9) Cash at beginning of period 240.8 507.7 Cash at end of period 272
Slide 12: Balance Sheet
Balance Sheet Bal an ce S h eet 3 1.12.11 3 1.12.10 S AR M i l l i on Net operating working capital 801 660 Biological Assets 818 770 Property, Plant and Equipment 10,508 7,867 Net O perati n g Assets 12,127 9,296 Intangible Assets - Goodwill 827 793 Investments, Financial Assets & Deferred Charges
Slide 13: Segment Reporting
Segment Reporting Dairy & Arable and Other Almarai SAR M illion Bakery P oultry Juice H orticulture Activities C onsolidated YTD Q4 2011 Sales 6,606.2 1,037.0 319.2 321.5 0.0 8,284.0 Third Party Sales 6,592.8 966.4 319.2 72.6 0.0 7,951.0 Net Depreciation (331.1) (90.3) (39.0) (58.7) 0.0 (519.1) Inco
Slide 14: Product Innovation
Product Innovation Almarai Company 2011 Q4 Earnings Presentation 14
Slide 15: 2012 Key Focus Areas
2012 Key Focus Areas • Some of the key focus areas for Almarai in 2012 are: Drive growth across our portfolio Continue to focus on our product groups, executing our 2012 innovation roadmap First full year of distribution of L’usine and 7 Days products throughout the whole GCC Completion of o
Slide 16: Q&A
Q&A Almarai Company 2011 Q4 Earnings Presentation 16
Slide 17: Thank you
Almarai Company Thank you Exit 7, North Circle Road Al Izdihar District P.O. Box 8524 Riyadh, 11492 Saudi Arabia Contact for investor relations matters: Khalid M. Al Nasser +966 1 470 00 05 ext 1280 [email protected]