Kernel Holding S.a. · GPW:KER
Kernel — Q4 FY2011 Earnings Presentation
10 slides from Kernel's earnings presentation, 2011
Slide 1: Q4 FY2011 Financial Results Presentation
Q4 | FY2011 Fy FINANCIAL 4) | y RESULTS ‘}) me PRESENTATION KERNEL
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 reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. None of th
Slide 3: Q4 Summary of Performance, Markets & Events
Q4 Summary of Performance, Markets & Events Company performance Record quarterly oil production and sales: Company fully leverages its expanded production capacities and delivers 247 000 tons of oil Company reaches 1.8 million tons grain export target (full year), notwithstanding uncertainty in
Slide 4: Quarter Earnings Highlights
Quarter Earnings Highlights (1) Amounts in USD millions, except for EPS and margins Q4 FY2010 Q4 FY2011 % change Revenue 238.5 478.3 100.6% Profit from operating activities (EBIT) 40.2 69.9 74.0% Net profit (2) 29.6 54.1 82.8% EBITDA (3) 48.0 77.9 62.3% EPS (4) 0.43 0.68 58.1% Gross margin 28.2% 21.
Slide 5: Yearly Earnings Highlights
Yearly Earnings Highlights (1) 12 months ended 12 months ended Amounts in USD millions, except for EPS and margins % change 30 June 2010 30 June 2011 Revenue 1 020.5 1 906.2 86.8% Profit from operating activities (EBIT) 167.5 277.0 65.4% Net profit (2) 152.0 218.2 43.6% EBITDA (3) 190.0 309.3 62.8%
Slide 6: Balance Sheet Highlights
Balance Sheet Highlights (1) Amounts in USD millions 30 June 2010 31 March 2011 30 June 2011 Invested Capital Cash & cash equivalent 59.5 59.3 115.9 Net trade accounts receivable 65.5 116.9 132.8 Inventory 147.8 388.9 188.1 Of which: Readily Marketable Inventories (2) 142.9 384.3 172.7 Other current
Slide 7: Cash Flow Highlights
Cash Flow Highlights (1) Amounts in USD millions Q4 FY2010 Q4 FY2011 Operating profit before working capital changes 48.7 61.6 Changes in working capital 43.0 217.0 Cash obtained from operations 91.7 278.7 Finance costs paid (8.8) (7.7) Income tax paid (0.1) (1.8) Net cash obtained from operations 8
Slide 8: Liquidity Position & Credit Metrics
Liquidity Position & Credit Metrics (1) Amounts in USD millions, except ratios 30 June 2010 31 March 2011 30 June 2011 Cash 59.5 59.3 115.9 Inventory 147.8 388.9 188.1 Of which: Readily Marketable Inventories 142.9 384.3 172.7 RMI/Inventories 96.7% 98.8% 91.8% Gross interest-bearing debt 345.1 561.9
Slide 9: Segmental Results
Segmental Results Revenue(1), USD million Operating profit(2), USD million Operating margin, % Tonnage(3) Q4 FY10 Q4 FY11 % change Q4 FY10 Q4 FY11 % change Q4 FY10 Q4 FY11 Q4 FY10 Q4 FY11 % change Bottled oil 21.1 47.3 124% 3.8 4.9 29.0% 18.0% 10.4% 20 800 33 800 62.5% Bulk oil 169.2 366.0 116.3% 32
Slide 10: FY2012 Outlook
FY2012 Outlook FY2012 guidance $2 300 million Revenue $370 million EBITDA $255 million Net income Q4 FY2011 10