Almarai Company · TADAWUL:2280
Almarai — Q1 2010 Earnings Presentation
15 slides from Almarai's earnings presentation, March 2010
Slide 1: Almarai Company 2010 Q1 Earnings Presentation
Quality You Can Trust Almarai Company 2010 Q1 Earnings Presentation
Slide 2: Disclaimer
Disclaimer Quality You Can Trust 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 assumes n
Slide 3: Highlights
Highlights 1st quarter 2010: a good start in the new year Quality You Can Trust Another excellent set of financial consolidated results characterised by Revenue growth of 17.6% from SAR 1,326.1 to SAR 1,559.5 million Net income growth of 18.6% from SAR 197.4 to SAR 234.1 million Cash flow from opera
Slide 4: Income Statement 1st quarter
Income Statement 1st quarter Quality You Can Trust 1st quarter SAR million 2010 2009 Change Net Sales 1,559.5 100.0% 1,326.1 100.0% 17.6% Direct Material Costs (703.5) (45.1%) (606.0) (45.7%) 16.1% Margin over Material 856.0 54.9% 720.1 54.3% 18.9% Other GOGS (286.0) (18.3%) (211.9) (16.0%) 35.0% Gr
Slide 5: Sales 1st quarter 2010 by Products and regions
Sales 1st quarter 2010 by Products and regions Sales by Products Quality You Can Trust Sales by Product Group 1st quarter Sales by Regions SAR Million 2010 2009 % change Fresh Dairy 677.6 614.1 10.3% Long-Life Dairy 170.6 148.0 15.3% Bahrain UAE Fruit Juice 155.3 124.8 24.4% Qatar 2.4% 11.1% Oman 4.
Slide 6: Performance 2005-2010 by Quarter
Performance 2005-2010 by Quarter Quality You Can Trust 400 350 300 250 SAR Million 200 363.4 293.7 287.1 150 248.8 235.2 234.1 219.2 197.4 193.1 186.1 100 165.3 162.2 130.2 122.8 122.6 121.8 106.9 100.9 100.3 90.6 50 78.0 0 Almarai Company 2010 Q1 Earnings Presentation 6
Slide 7: Cash Flow Statement
Cash Flow Statement Quality You Can Trust Quarter ended 31st March SAR Million 2010 2009 From Operating Activities 462.5 338.6 Used in Investing Activities (437.3) (683.1) From Financing Activities (291.3) 281.3 Increase/(Decrease) in Cash (266.1) (63.2) Cash at beginning of period 507.7 246.6 Cash
Slide 8: Balance Sheet
Balance Sheet Quality You Can Trust SAR Million 31.03.2010 31.12.2009 Net operating working capital 635 711 Biological Assets 737 735 Property,Plant and Equipment 6,609 6,282 Net operating assets 7,981 7,728 Intangible Assets - Goodwill 793 793 Investment and Financial Assets 977 995 Net Assets 9,75
Slide 9: Segment Reporting
Segment Reporting Quality You Can Trust Dairy & Arable and Other Almarai SAR Million Bakery Poultry Juice Horticulture Activities Consolidated 1st Quarter 2010 Sales 1,347.4 189.9 36.0 8.0 - 1,581.2 Third Party Sales 1,341.9 178.3 36.0 3.4 - 1,559.5 Net Depreciation 57.1 16.7 6.2 9.8 - 89.7 Income b
Slide 10: Looking Forward
Looking Forward Quality You Can Trust Continued focus on existing business Dairy & Juice Bakery with the objective of doubling our 2008 business by 2013 Improve and expand poultry business Build the existing business and, through “quality’ across all aspects of the business, play a leadership role E
Slide 11: 50:50 Joint Venture between Almarai and Mead Johnson
Quality You Can Trust 50:50 Joint Venture between and 2010 Q1 Earnings Presentation Almarai Company 2010 Q1 Earnings Presentation 11
Slide 12: Mead Johnson Nutrition - Profile
Mead Johnson Nutrition - Profile Quality You Can Trust Who is Mead Johnson Nutrition Leading Brand Globally in the Highly dedicated employees Infant Formula Category and management team Net sales 2009 US$ 2.8 billion with a commitment to improving the health and nutrition of infants CAGR over 5 year
Slide 13: JV leverages contributions from both companies
JV leverages contributions from both companies Quality You Can Trust • Almarai brand (Top 3 in Middle East) • Mead Johnson and Enfamil brands Brand • Umbrella brand for entire GCC • Stages 1, 2, 3, 4 and specialty formulas • Distribution capabilities for retail Distribution • Managing local trade re
Slide 14: Credit Suisse projection about future outperformers
Credit Suisse projection about future outperformers Quality You Can Trust Last month, Credit Suisse recognized Enfamil and Almarai in the top 27 global brands 27 Great Brands of Tomorrow* Excerpts from “Almarai Co: A Danone In The Making… The brand has consistently gained market share, and we believ
Slide 15: Thank you
Thank you Quality You Can Trust Almarai Company 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] Almarai Company 2010 Q1 Earnings Presentation 15