Uni-President China Holdings Ltd. · HKEX:220
Uni-President China — H1 2020 Earnings Presentation
11 slides from Uni-President China's earnings presentation, Aug 13, 2020
Slide 1: Presentation on 2020 Interim Results
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: 2020 Interim Results
2020 Interim Results 13 August, 2020
Slide 3: Disclaimers
Disclaimers 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, should be placed on, the fairness, accuracy, completene
Slide 4: Results Highlight
Results Highlight (In RMB mn unless otherwise noted) 1H20 1H19 YoY Revenue 11,817 11,470 3.0% Gross profit 4,226 4,195 0.7% Gross margin 35.8% 36.6% -0.8 ppts Operating profit 1,389 1,305 6.4% Operating margin 11.8% 11.4% 0.4 ppts Pretax profit 1,495 1,392 7.4% Pretax margin 12.6% 12.1% 0.5 ppts Net
Slide 5: Earnings drivers (1H20)
Earnings drivers (1H20) (RMB mn) 1H20 vs. 1H19 +3.0% YoY +6.4% YoY +7.4% YoY +6.8% YoY Positive Gross Margin OP Margin Pretax Margin Net Margin Negative 35.8% -0.8 ppts 11.8% +0.4 ppts 12.6% +0.5 ppts 9.0% +0.3 ppts * Including selling and marketing, administrative, other income/expenses and other g
Slide 6: Financial Highlights
Financial Highlights 1H20 2019 1H19 (RMB mn) Amount % Amount % Amount % Cash* 6,104 28% 6,484 30% 5,096 25% Borrowings** 2,456 11% 1,163 5% 1,978 10% Total Assets 22,010 100% 21,757 100% 20,527 100% Total Equity 13,327 61% 13,633 63% 13,173 64% (Borrowings** - Cash*)/ Equity -27.4% -39.0% -23.7% Cur
Slide 7: Revenue breakdown by product
Revenue breakdown by product Total Revenue (RMB mn) 1H19 Revenue mix 1H20 Revenue mix Food revenue growth of 22% YoY in 1H20. The Group delivered instant noodles to places where consumers had the most urgent needs, and we will launch differentiated innovative products selectively. “Kai Xiao Zao” rev
Slide 8: Beverage rev* breakdown by type
Beverage rev* breakdown by type Total Revenue (RMB mn) 1H19 Revenue mix 1H20 Revenue mix • Beverage revenue decline 7% YoY in 1H20, however, classic brands of “Uni Assam Milk Tea (統一阿薩姆 奶茶)” business marked a 3% YoY growth for the same period. * Denotes revenue 7
Slide 9: Segment Performance
Segment Performance (RMB mn) Food* Beverages Revenue Gross margin Operating margin** * Food segment include self-heating rice meals “Kai Xiao Zao（開小灶）” 8 **Segment profit does not include unallocated profit/ (loss) which are mostly Headquarter expenses
Slide 10: Expenses breakdown
Expenses breakdown (RMB mn) 1H20 vs. 1H19 Selling and marketing Administrative expense Company expense* expense ratio** to ratio** to 3.9% (-0.3 ratio to 26.1% (-0.2 22.2% (+0.1 ppt YoY) ppts YoY) ppts YoY) * Selling and marketing plus administrative expense 9 ** As % of revenue
Slide 11: Q & A Session
Q & A Session » ee UNI-PRESIDENT CHINA HOLDINGS LTD. [email protected] since Chance
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