Universal Robina Corp. · PSE:URC
Universal Robina — Q3 2009 Earnings Presentation
10 slides from Universal Robina's earnings presentation, Aug 17, 2009
Slide 1: Investors Presentation Q3 2009
Investors April 16, 2009 Presentation Q3 2009
Slide 2: Income Statement
INCOME STATEMENT (Php million) YTD Q3 YTD Q3 % vs FY2008 FY2009 SPLY Net Sales and Service 32,392 37,632 +16% Cost of Sales and Service 24,569 28,656 +17% Gross Profit 7,823 8,976 +15% Operating Expenses (5,108) (5,835) +14% Operating Income 2,715 3,140 +16% Equity in net income 23 23 Finance cost-N
Slide 3: Balance Sheet
BALANCE SHEET FY2008 Q3 FY2009 (PhP MM) Cash and Financial Debt (PhP MM) Cash and Cash 14,500 16,881 Equivalents 25000 (including AFS) 20,548 21,172 Other Current Assets 15,184 14,495 20000 Property Plant and 24,327 25,747 16,881 Equipment 14,500 15000 Other non-current Assets 3,920 3,882 Total Asse
Slide 4: Financial Highlights
FINANCIAL HIGHLIGHTS YTD Q3 YTD Q3 % vs Sales (PhP MM) Net Sales FY08 FY09 SPLY BCFG 25,221 29,053 +15% 37,632 32,392 Agro-Industrial 3,911 4,317 +10% 0 10,000 20,000 30,000 40,000 Commodity Foods (Net) 3,260 4,262 +31% Operating Inc ome Total URC 32,392 37,632 +16% 3,140 2,715 Operating Income (PhP
Slide 5: Branded Consumer Foods Group
BRANDED CONSUMER FOODS GROUP YTD Q2 YTD Q2 % vs • Philippine sales show Sales (PhP MM) FY08 FY09 SPLY impressive double digit growth through 2008 up to Philippines 17,489 19,701 +13% present. International 6,602 8,539 +29% Packaging 1,130 813 (28%) • International sales show significant improvement
Slide 6: Market Shares
MARKET SHARES MARKET CATEGORY #1 #2 #3 SHARE Snacks 47% 19% 8% Candies 47% 9% 9% Chocolates 20% 9% 9% Cookies 38% 21% 8% Pretzels 68% 17% 9% Tomato Sauce* 9% 80% 7% Canned Beans 76% 11% 7% Cup Noodles* 41% 54% 1% RTD Tea* 73% 12% 5% Coffee 10% 80% 3% Source: AC Nielsen survey MAT by value based on M
Slide 7: Agro-Industrial Group
AGRO-INDUSTRIAL GROUP YTD Q3 YTD Q3 % vs URC Feeds Sales (PhP MM) FY08 FY09 SPLY • Costs declining in line with drop of commodity prices Feeds 1,804 2,015 +12% worldwide; expansion in Farms 2,107 2,302 +9% margins Total 3,911 4,317 +10% URC Farms Operating Income (PhP MM) • Volumes recovering, but s
Slide 8: Commodity Foods Group
COMMODITY FOODS GROUP YTD Q3 YTD Q3 % vs URC Flour Sales (PhP MM) FY08 FY09 SPLY • Price increases at end 2008 Flour 3,683 3,829 +4% offset lower volumes in first half of fiscal 2009 Sugar 2,168 2,795 +29% • Margins hit by higher-cost Subtotal 5,851 6,624 +13% wheat coupled with price Transfers (2,5
Slide 9: Plans and Expectations
PLANS AND EXPECTATIONS FY 2009 • Prepared for possible exercise of “put” option of URC 2012 bond in January 2010 • Rationalized capital expenditures • Php 3.0B notes issuance completed in Q2 FY2009 • Mid-teens growth in revenues and EBIT, and higher net income Expectations • Sales growth tempered in
Slide 10: Thank You!
Thank You! UNIVERSAL ROBINA CORPORATION