Baladna Q.p.s.c · QSE:BLDN
Baladna Q.p.s.c — Q1 2022 Earnings Presentation
30 slides from Baladna Q.p.s.c's earnings presentation, May 9, 2022
Slide 1: Q1 2022 Financial Results Presentation
BALADNA Q.P.S.C. Q1 2022 Financial Results Presentation 09 May 2022
Slide 2: Disclaimer
Disclaimer This presentation is made only to, and is directed only at, persons to whom such a presentation may lawfully be communicated (“relevant persons”). Any person who is not a relevant person should not act or rely on this presentation or any of its contents Information contained in this prese
Slide 3: Table of contents
Table of contents Key messages 4-6 Operational and commercial update 7 - 11 Financial performance 12 - 18 Shareholder information 19 - 20 Management outlook 2022 21 - 22 Appendix 23 - 28 3
Slide 4: Key Messages
Key Messages 4
Slide 5: Key Messages
Key Messages During the first quarter of 2022, Baladna achieved a revenue of QAR 239 million and net profit of QAR 26 million. This represents a revenue growth of 31% compared to the first quarter of 2021 Due to continuing volatility in commodity prices and global inflation, Baladna focused on i
Slide 6: Key investment highlights
Key Messages Key investment highlights Excellent product innovation #1 leader in dairy and Strong financial Strong shareholder support and consumer insights Integrated value chain beverages in Qatar performance and position and growth opportunities program Strong market share across key Best underst
Slide 7: Operational and Commercial Update
Operational and Commercial Update 7
Slide 8: Key operational highlights
Operational and Commercial Update Key operational highlights Q1 2021 Q1 2022 YoY growth Total herd size 1 Optimising total herd size for existing 22,754 23,383 3% operations and production levels Av. daily yield/cow 2 Managed to enhance operational 38.4 39.3 2% efficiencies by increasing milk yi
Slide 9: Market Segmentation (1/3)
Operational and Commercial Update Market Segmentation (1/3) Fresh milk Market size: QAR 196m 87.0% 85.9% 87.0% YoY market share growth: +1.1% Market share Retained #1 position Q1 21 Q1 22 UHT milk Market size: QAR 132m 82.7% 76.7% 82.7% YoY market share growth: +6.0% Market share Retaine
Slide 10: Market Segmentation (2/3)
Operational and Commercial Update Market Segmentation (2/3) Chilled 33.0% 33.0% 32.2% Juice Market size: QAR 200m 6.0% 5.3% Chilled Juice market share growth: +0.8% LL Juice 6.0% Q1 21 Q1 22 Q1 21 Q1 22 LL Juice market share growth: +0.7% Chilled Juice Long Life Juice Remains a significant g
Slide 11: Market Segmentation (3/3)
Operational and Commercial Update Market Segmentation (3/3) Cheese Market size: QAR 186m 25.1% 22.3% 25.1% YoY market share growth: +2.8% Market share Remains a significant growth opportunity Q1 21 Q1 22 Creams Market size: QAR 42m 29.8% 29.8% 16.7% YoY market share growth: +13.1% Market s
Slide 12: Financial Performance
Financial Performance 12
Slide 13: Key Financial Highlights
Financial Performance Key Financial Highlights Q4 2021 Q1 2022 QoQ growth Revenue Baladna achieved higher sales volumes and 1 QAR 210m QAR 239m 14% recorded a QoQ revenue growth of 14% Gross Profit Gross profit growth mainly driven by the 2 QAR 46m QAR 51m 11% increase in sale volumes through both r
Slide 14: Financial performance development
Financial Performance Financial performance development Revenue (QAR m) Net profit (QAR m) +62% -10% +31% +32% 44 239 239 210 182 181 182 32 29 26 26 16 Q3 2021 Q4 2021 Q1 2022 Q1 2020 Q1 2021 Q1 2022 Q3 2021 Q4 2021 Q1 2022 Q1 2020 Q1 2021 Q1 2022 NP 9% 15% 11% 16% 24% 11% QoQ YoY margin QoQ YoY
Slide 15: Strong positioning in terms of profitability margins
Strong positioning in terms of profitability margins Baladna continues displaying strong profitability margins Last Twelve Months EBITDA margin (For the period from 01 April 2021 to 31 March 2022) 34.4% 26.2% Median: 15.1% 18.5% 15.7% 13.9% 6.2% 2.5% KSA Peer KSA Peer KSA Peer UAE Peer KSA Peer Egyp
Slide 16: Revenue composition and growth – Year-on-year
Financial Performance Revenue composition and growth – Year-on-year Revenue composition (QARm) +19% +31% +10% +50% 239 60 57 55 182 48 44 +23% +49% +447% +9% +4% +32% 30 22 13 16 13 13 14 9 9 9 4 3 4 % of total 30% 25% 26% 24% 16% 19% 7% 6% 5% 5% 5% 4% 2% 9% 2% 2% 7% 6% 100% 100% revenue Fresh milk
Slide 17: Cashflow management for Q1 2022
Financial Performance Cashflow management for Q1 2022 Cashflow (QARm) 81 55 10 (0.2) (1) (53) (71) Opening balance Cashflow from Capex and investments Dividends Debt movement Others Closing balance operations (53) 2 (70) (70) 11 10 10 Baladna continues to generate robust cash from operations a res
Slide 18: Financial position as at March 2022
Financial Performance Financial position as at 31 March 2022 Total assets Total shareholders’ equity and liabilities 1% Property, plant and equipment Total equity (QAR 2,849m) 6% (QAR 2,297m) 4%4% 4% 5% Trade and other receivables Non-current borrowings 8% (QAR 328m) Inventories (QAR 1,293m) 8% QAR
Slide 19: Shareholder Information
Shareholder Information 19
Slide 20: Shareholder information (as at March 2022)
Shareholder Information Shareholder information (as at 31 March 2022) General information Share price versus DSM 1 January 2022 to 31 March 2022 (rebased to 100) 120 115 Company name Baladna Q.P.S.C. 110 105 Ticker (QE) BLDN 100 Market cap: QAR 2.7b 95 90 Common shares outstanding 1.9b 85 80
Slide 21: Management Outlook 2022
Management Outlook 2022 21
Slide 22: Management outlook for 2022
Management Outlook Management outlook for 2022 The evaporated milk and butter processing factory is progressing well and is expected to be completed Product by the end of 2022. The factory’s commercial operations are expected to launch by 2023 development Baladna aims to continue its product innovat
Slide 23: Appendix
Appendix 23
Slide 24: Profit and loss statement – Q1 2022
Appendix Profit and loss statement – Q1 2022 Three-month period ended 31 Three-month period ended 31 QAR m March 2022 March 2021 Revenue 239.3 182.3 Cost of revenue (187.9) (123.6) Gross profit 51.4 58.7 Other income 29.6 32.4 Selling and distribution expenses (22.5) (18.8) General and administrativ
Slide 25: Company Profile
Appendix Company Profile Our purpose Product range To ensure healthy, natural food and beverages that delight our customers and contribute to the food security of Qatar. Who we are Established in 2014, Baladna is Qatar’s leading dairy and beverage company, with a diversified product offering, world-
Slide 26: BoD Members
Appendix BoD Members Moutaz Al-Khayyat Mohammed Badr Al Sada Ramez Al-Khayyat His Excellency Sheik Faleh Bin Chairman Vice Chairman Managing Director Nasser Bin Ahmad Al-Thani (Minister of Environment and Climate Change) Board Member Hamad Bin Abdullah Bin Mazen Alsbeti Aidan Tynan Khalid Al-Attiya
Slide 27: Senior Management Team
Appendix Senior Management Team Ramez Al-Khayyat Piet Hilarides Saifullah Khan Khaled Zi Alnon Vedavyas Vemuri Managing Director Chief Executive Officer Chief Financial Officer GM - New Ventures GM – Supply Chain Adam Douglas Peffer David Stuart Julian Marcolini Talal Madi Omar Marar GM - Farms GM -
Slide 28: Glossary
Appendix Glossary EBITDA Earnings Before Interest, Tax, Depreciation and Amortization EPS Earnings Per Share HORECA Hotels, Restaurants and Catering NP Net Profit NPD New Product Development SKU Stock Keeping Unit UHT Ultra-High Temperature 28
Slide 29: Q&A
Q&A 29
Slide 30: Thank you
THANK YOU ‘S& BALADNA®