Almarai Company · TADAWUL:2280
Almarai — Q3 2011 Earnings Presentation
13 slides from Almarai's earnings presentation, 2011
Slide 1: Almarai Company 2011 Q3 Earnings Presentation
Almarai Company 2011 Q3 Earnings Presentation
Slide 2: Disclaimer
Disclaimer 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 assume no responsibility or lia
Slide 3: Highlights
Highlights Strong top line growth delivers record quarter Q3 2011 YTD Q3 2011 Revenue growth 14.8% from SAR 1,833.7 14.2% from SAR 5,132.1 million (versus prior year) million to SAR 2,105.3 million to SAR 5,861.7 million Net Income growth 1.2% from SAR 424.5 million 1.3% from SAR 1,001.7 million (ve
Slide 4: Statement of Income
Statement of Income 3rd Quarter YTD Q3 2011 SAR million 2011 2010 Change 2011 2010 Change Net Sales 2,105.3 100.0% 1,833.7 100.0% 14.8% 5,861.7 100.0% 5,132.1 100.0% 14.2% Cost of sales (1,234.0) (58.6%) (1,037.3) (56.6%) 19.0% (3,589.0) (61.2%) (3,064.5) (59.7%) 17.1% Gross Profit 871.3 41.4% 796.5
Slide 5: Sales Analysis by Product & Region
Sales Analysis by Product & Region Sales by Product YTD Q3 2011 Sa les by Pr oduct Y T D Q 3 2 011 Sales by Region YTD Q3 2011 G r oup SAR M illion 2 011 2 010 % cha nge Fresh Dairy 2,601.5 2,358.2 10.3% Long-Life Dairy 547.9 485.8 12.8% Bahrain, 2.1% UAE, 10.4% Fruit Juice 663.2 557.3 19.0% Qatar,
Slide 6: Quarterly Performance – Net Income
S AR Million 0 50 100 350 150 200 250 300 400 450 500 78.0 90.6 Almarai Company 12 2.8 162 .2 197.4 2 34.1 2 35.2 100.3 12 1.8 165 .3 2 35.2 2 87.1 343.1 349.3 100.9 2011 Q3 Earnings Presentation 12 2.6 186.1 2 93.7 363.4 42 4.5 42 9.7 Quarterly Performance – Net Income 106.9 130.2 193.1 2 19.2 2 48
Slide 7: Revenue and Net Operating Income Evolution
Despite the challenging trading environment, Almarai continues to realise robust revenue growth Revenue and Net Operating Income Evolution 24.9% 22.7% 23 .2% 22.6% 21.0% 20.7% 21.0 % 21.8% 21.1% 24.4% 20 .1% 19.4% 19.5% SAR in Million 7,661 6,931 CAGR 1999 – 2010: 17.4% (w/o impact of acquisitions 1
Slide 8: Cash Flow Statement
Cash Flow Statement Cash Flow Statement YTD Q3 2011 SAR Million 2011 2010 From Operating Activities 1,307.8 1,279.1 Used in Investing Activities (2,145.2) (1,536.3) From Financing Activities 758.6 103.1 Increase/(Decrease) in Cash (78.7) (154.0) Cash at beginning of period 240.8 507.7 Cash at end of
Slide 9: Balance Sheet
Balance Sheet Bal an ce S h eet 3 0 .0 9.11 3 1.12.10 S AR M i l l i on Net operating working capital 925 660 Biological Assets 804 770 Property, Plant and Equipment 9,577 7,867 Net O perati n g Assets 11,3 0 6 9,296 Intangible Assets - Goodwill 793 793 Investments, Financial Assets & Deferred Charg
Slide 10: Segment Reporting
Segment Reporting D ai ry & Arabl e an d O th er Al marai S AR M i l l i on Bak ery P ou l try Ju i ce H orti cu l tu re Acti vi ti es C on sol i dated YTD Q3 2011 Sales 4,917.8 740.7 220.2 206.5 0.0 6,085.1 Third Party Sales 4,904.4 688.9 220.2 48.3 0.0 5,861.7 Net Depreciation (231.2) (65.5) (23.3
Slide 11: Update on ZAIN
Update on ZAIN • In 2007, Almarai invested SAR 355m in Zain - a 2.5% shareholding. • As at the end Q3 2011, the value of this investment is SAR 219m. The decline of SAR 136 million versus the original investment has been reflected in Equity in the Balance Sheet. • Management is of the view that if Z
Slide 12: Q&A
Q&A Almarai Company 2011 Q3 Earnings Presentation 12
Slide 13: Thank you
Almarai Company Thank you 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]