Grupo Nutresa S.A. · BVC:NUTRESA
Grupo Nutresa — Q4 2017 Earnings Presentation
18 slides from Grupo Nutresa's earnings presentation, February 2018
Slide 1: Grupo Nutresa S.A. Quarterly Report – Q4 2017
Grupo Nutresa S. A. Quarterly Report – Q4 2017
Slide 2: Highlights
Highlights 4x r( ROBECO Silver Class 2018 MEMBER OF D / Sustainability Indices In Collaboration with RobecoSAM e To be a global leader in sustainability: an achievement as big as our commitment with the future ENA "we nutresa
Slide 3: 4Q17 Sales: Colombia and international
4Q17 Sales Colombia and international Colombia sales -3,6% 500 SALES PER 456,9 COP 1.449,4 mm +0,7% 450 Q: -2,0 BUSINESS UNIT Cop billion 400 P: +1,9* COP BILLION 350 300 -1,2% -1,7% 4Q - 2017 250 232,4 227,5 +1,2% +9,7% 200 +5,0% 150,6 133,0 -0,9% Percentage variation in 150 106,9 72,5 volume (Q) a
Slide 4: 4Q17 Total Sales
Total 4Q17 Sales TOTAL SALES COP 2.304,2 +2,1% Billion pesos SALES PER 600 -1,0 % BUSINESS UNIT 508,9 +2,0% 4Q - 2017 500 474,3 +4,4% 400,9 COP BILLION 400 -0,2% -3,9% 300 241,3 242,0 +9,4% 187,1 200 +5,0% 106,9 -0,4% 100 73,0 0 Cold cuts Biscuits Chocolates TMLUC Coffee Retail Ice cream Pasta Food
Slide 5: Accumulated sales: Colombia and international
Accumulated sales Colombia and international Colombia sales -1,1% SALES PER 1.800 1.660,2 COP 5.495,4 mm +2,5% Q: -2,6 BUSINESS UNIT Cop billion 1.600 1.400 P: +4,6* COP BILLION 1.200 +2,6% +3,2% 919,4 2017 1.000 877,0 +4,5% 800 +8,7% -3,0% 594,2 600 484,6 +2,3% Percentage variation in 423,5 400 292
Slide 6: Accumulated sales total
Total Accumulated sales TOTAL SALES Ex-Venezuela 2016 COP 8.695,6 +2,4% Billion pesos SALES PER +1,1%* +1,8% Including Venezuela 2016: +0,2% 2.000 BUSINESS UNIT 1.824,2 1.768,4 1.800 +3,0% 2017 1.600 1.463,7 COP BILLION 1.400 -0,3% +4,8% 1.200 978,2 1.002,0 1.000 +6,1% 800 697,0 -3,0% 600 +2,4% 423,
Slide 7: Sales by region 2017
Sales by region 2017 USA 8,2% MEXICO DOMINICAN REP. 3,6% & CARIBBEAN 1,8% CENTRAL AMERICA 9,5% VENEZUELA 0% 63,2% ECUADOR 1,4% COLOMBIA 36,8% COLOMBIA 63,2% INTERNATIONAL PERU 2,3% CHILE 8,1% OTHER COUNTRIES 1,9% 7
Slide 8: Market share Colombia + TMLUC
Market share Colombia + TMLUC Consolidated market share in Colombia: 59,8% -1,2%** Cold Cuts Biscuits Chocolates Coffee TMLUC Ice Cream Pasta Retail Food 72.2% 53,8% Chocolate Roast and ground ICB* ICE CREAM 51,3% # 1 in Hamburguers confectionery coffee (A) 62,6% (A) ND -1,3% -1,3% 69,4% (A) 51,3% -
Slide 9: Raw materials
Raw materials GRUPO NUTRESA COMMODITIES INDEX COGS BREAKDOWN (2017) ICGN - MERCADO 4,0% Oils & fats Milk 2,1% 164 4,2% Poultry 1,7% 149 Beef 144 134 4,8% Sugar 119 4,8% Cocoa 38,7% 107 113 104 112 Other 7,0% Pork 89 95 87 86 92 86 87 7,3% Wheat 74 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 10
Slide 10: EBITDA 4Q17
EBITDA 4Q17 11,9% 10,1% 13,3% +10,8% +44,3% EBITDA 60 +5,1% 56,3 51,6 53,3 COP 244,0 +6,7% 50 Billion pesos COP BILLION 11,2% MARGIN 10,6% 40 +25,9% 7,9% 11,6% 30 27,0 -31,5% -17,1% 21,7 10,0% 19,1 20 -4,0% 7,3% 10,7 -8,5% 10 5,3 0 Retail Ice cream Cold cuts Biscuits Chocolates TMLUC Coffee Pasta Fo
Slide 11: EBITDA Full year 2017
EBITDA Full year 2017 11,5% 12,5% +4,6% 14,1% EBITDA 250 -4,6%* +40,8% 220,4 Ex-Venezuela 2016 209,5 206,5 200 COP 1.044,2 +3,9% COP MILES DE MILLONES 13,0% 12,1% Billion pesos +31,9% -22,1% 150 MARGIN 12,0% 126,9 120,8 12,4% -8,5% 100 86,2 10,0% 9,9% Including Venezuela -20,7% +11,5% 2016: 1,5% 50
Slide 12: Comprehensive Income statement 4Q17
Comprehensive Income statement 4Q17 2017 - 4Q % Revenues 2016 - 4Q % Revenues % Var. Continuing operations Operating revenue 2.304.195 2.257.345 2,1% Cost of goods sold (1.286.481) - 55,8% (1.286.878) - 57,0% 0,0% Gross profit 1.017.714 44,2% 970.467 43,0% 4,9% Administrative expenses (106.797) - 4,
Slide 13: Comprehensive Income Full year 2017
Comprehensive Income Full year 2017 2017 % Revenues 2017 % Revenues % Var. Continuing operations Operating revenue 8.695.604 8.676.640 0,2% Cost of goods sold (4.855.635) - 55,8% (4.966.031) - 57,2% - 2,2% Gross profit 3.839.969 44,2% 3.710.609 42,8% 3,5% Administrative expenses (399.846) - 4,6% (40
Slide 14: Consolidated net debt
Consolidated net debt 3.500 Net debt 3.000 2.906 2.808 2.596 2.500 COP BILLION 2.000 1.752 1.581 1.500 1.000 500 399 0 Dic-12 Dic-13 Dic-14* Dic-15* Dic-16* Dic-17* Dic-12 Dic-13 Dic-14* Dic-15* Dic-16* Dic-17* Net debt 399 1.581 1.752 2.808 2.906 2.596 'Net debt / EBITDA 0,59 1,90 2,10 2,88 2,82 2,
Slide 15: Contact Details
Contact Details Catherine Chacón Navarro Investor Relations Director Tel: (+574) 325 87 31 email: [email protected] www.gruponutresa.com This presentation and further detailed information can be found in the following link in our section "Grupo Nutresa Valuation Kit": https://www.gruponutresa
Slide 16: Statement of Financial Position 2017 (assets)
Statement of Financial Position 2017 December 2017 December 2016 % Var. ASSETS Current assets Cash and cash equivalents 435.643 219.322 98,6% Trade and other receivables 957.568 889.197 7,7% Inventories 982.816 1.028.417 - 4,4% Biological assets 81.518 75.677 7,7% Other current assets 221.475 246.83
Slide 17: Statement of Financial Position 2017 (liabilities)
Statement of Financial Position 2017 December 2017 December 2016 % Var. LIABILITIES Current liabilities Financial obligations 557.133 847.689 - 34,3% Trade and other payables 993.241 888.840 11,7% Tax charges 207.776 163.362 27,2% Employee benefits liabilities 172.730 161.592 6,9% Current provisions
Slide 18: Disclaimer
Disclaimer This document can contain forward looking statements related to Grupo Nutresa S.A. and its subordinated companies, under assumptions and estimations made by company management. For better illustration and decision making purposes Grupo Nutresa’s figures are consolidated; for this reason t