Saudia Dairy & Foodstuff Co. · TADAWUL:2270
Saudia Dairy & Foodstuff — Q1 2018/19 Earnings Presentation
13 slides from Saudia Dairy & Foodstuff's earnings presentation, July 2018
Slide 1: Earnings Presentation July 2018
Ea r n i n g s Presentation July 2018
Slide 2: Disclaimer
Disclaimer Information contained in this presentation is subject to change without prior notice. Its accuracy is not guaranteed and it may not contain all material information related to the company. Neither SADAFCO nor its associates make any representation regarding, and assume no responsibility o
Slide 3: Business Highlights
Business Highlights Inspite of the challenging environment, SADAFCO has been able to consolidate its position in a shrinking market, while continuing to deliver healthy returns The total Plain Milk market as well as UHT market continues to decline in value and volume terms Business (value declin
Slide 4: Business Highlights: Financial Highlights
Business Highlights Financial Highlights Sales Net Profit Operating Cash Flow Q1’2018/19 : Q1’2018/19 : Q1’2018/19 : 9.4% SAR410mn 35.2% SAR50mn 13.9% SAR100mn YoY Q1’2017/18 : YoY Q1’2017/18 : YoY Q1’2017/18 : SAR453mn1 SAR77mn1 SAR117mn1 SADADFCO’s Market Share2 UHT Milk Tomato Paste Ice Cream SAD
Slide 5: Sales & Profitability
Sales & Profitability Sales SAR mn Gross Profit SAR mn 453 441 420 410 80% 379 200 70% 60% 150 39% 39% 36% 50% 40% 100 30% 36% 33% 20% 50 175 171 149 138 134 10% - 0% Q1'17/18 Q2'17/18 Q3'17/18 Q4'17/18 Q1'18/19 Q1'17/18 Q2'17/18 Q3'17/18 Q4'17/18 Q1'18/19 As % of Net Sales Net Profit SAR mn 90 28%
Slide 6: Balance Sheet
Balance Sheet Steady Asset Base… SAR mn …build by Internally generated funds SAR mn 1,835 1,372 1,644 1,713 1,712 1,763 1,321 1,284 1,277 1,209 Q1'17/18 Q2'17/18 Q3'17/18 Q4'17/18 Q1'18/19 Q1'17/18 Q2'17/18 Q3'17/18 Q4'17/18 Q1'18/19 Shareholders' Equity Working Capital* SAR mn 300 40% 35% 250 30% 2
Slide 7: Sales Reporting
Sales Reporting Revenue By Category Key Category - Sales 3% 3% Net Sales – Q1’18/19 % y-o-y Categories Powdered Milk Snacks (SAR mn) growth 13% 2% Tomato Products Cheese RTD 246.6 -12.9% Milk 2% 17% Others Ice Cream 60% Tomato 53.2 -15.9% RTD Milk Products SAR 410 mn Ice Cream 69.1 5.8% Distribution
Slide 8: Cash Flow Summary
Cash Flow Summary Cash Flow Bridge for rolling 12-months as of 30 Jun, 2018 SAR mn 850 750 153 650 325 65 550 450 350 612 250 505 150 Free Cash Flow = SAR 172mn 50 -50 Cash and Cash Equivalents Net cash from operating Purchase of Property, Plant Dividends Paid Cash and Cash Equivalents (30 Jun 2017)
Slide 9: Acquisition of Mlekoma sp Z.o.o (Poland)
Acquisition of Mlekoma sp Z.o.o (POLAND) SADAFCO acquires 76% in Mlekoma sp Z.o.o, a Poland based dairy company at an enterprise value of PLN 120mn through SADAFCO Poland, a newly formed 100% owned subsidiary of SADAFCO. Mlekoma Group is engaged in production and trade of powdered, condensed and flu
Slide 10: Capital Expenditure: Jeddah Central Warehouse
Capital Expenditure Jeddah Central Warehouse Estimated Capex: SAR 145 mn Jeddah Central Warehouse provides an opportunity to manage the production growth efficiently through effective warehouse management. It would enable: ▪ Seamless flow of raw materials and finished goods ▪ Enhanced efficiency wit
Slide 11: Product Portfolio
Product Portfolio UHT Milk ▪ UHT Milk– Whole, ▪ Flavored Milk Cheese Products Frozen Low Fat, Skimmed, ▪ Date Milk ▪ French Fries Gold Milk ▪ Feta Cheese ▪ Processed Cheese ▪ Ice cream – Triangles ▪ Butter Milk Powder Tomato Products Others ▪ Milk Powder – Instant ▪ Tomato Paste ▪ Ketchup ▪ Arabic C
Slide 12: Shareholders' Returns
Shareholders’ Returns Share Price Performance SAR mn 200 52 Week 52 Week 10 High Low Market Cap (SAR Mn): 3,019 Trading Volume, Mn Shares 135.0 89.5 (18 July 2018) 160 (SAR) (SAR) 8 SAR 92.9 120 SAR 86.5 6 80 4 SAR 40 2 0 0 Jul-13 Nov-13 Mar-14 Jul-14 Nov-14 Mar-15 Jul-15 Nov-15 Mar-16 Jul-16 Nov-16
Slide 13: Going Forward…
Going Forward… The previously flagged headwinds which have impacted across most FMCG categories, in addition to those mainly driven by the glut of fresh milk in Saudi Arabia, continue to frustrate efforts to return to sales growth. We remain committed to striving to deliver profitable sales, ensurin
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