A2 Milk Company Limited · NZX:ATM
A2 Milk — The a2 Milk Company — FY2013 Earnings Presentation
11 slides from A2 Milk's earnings presentation, Aug 29, 2013
Slide 1: A2 Corporation FY13 results presentation
A2 Corporation FY13 results presentation 29 August 2013 Geoffrey Babidge Managing Director & CEO
Slide 2: FY13 result highlights
FY13 result highlights UK and China Results ahead of Successful strategies under expectations capital raising way • Group Sales growth of +51% yoy • Significant increase in market share in Australia • NPAT exceeding company and market forecasts • a2™brand fresh milk building distribution in the UK m
Slide 3: Financial highlights
Financial highlights NZ$m FY12 FY13 % change • Sales of NZ$94.3m (+51% cpp) Sales 62.5 94.3 +51% – ahead of December 2012 guidance of NZ$85.0m EBITDA 4.7 10.6 +125% • EBITDA before share of associate earnings EBIT 4.3 9.5 +122% and non-recurring items of NZ$10.6m (+125% cpp) Other expenses 8.71 12.6
Slide 4: Financial highlights (cont'd.)
Financial highlights (cont'd.) FY13 EBITDA (NZ$m) 14.9 7.0 10.6 9.8 (0.8) (11.3) Australia EBITDA before Intercompany charges Corporate expenses after Operating EBITDA Strategic review costs EBITDA after non-recurring intercompany charges royalty and intercompany items income FY12 EBITDA (NZ$m) 8.4
Slide 5: Strong FY13 performance in ANZ, with sales growth and operational profit well ahead of expectations
Strong FY13 performance in ANZ, with sales growth and operational profit well ahead of expectations • Increase in a2™ fresh milk sales represented a record of +48% yoy – a2™ brand fresh milk continued to be the fastest growing dairy brand in the Australian grocery market – ongoing investment in mark
Slide 6: UK launch in progress and positioned for the future
UK launch in progress and positioned for the future • Business establishment and brand launch into UK from October 2012 • Farmer supplier base developed to provide access to commercial quantities of A1-free milk and support volume growth in the medium term – one-off incentive scheme to support aggre
Slide 7: a2™ brand infant nutrition product strategy under way
a2™ brand infant nutrition product strategy under way • In October 2012, A2C appointed China State Farm Holdings Shanghai Company (CSF) as the exclusive distributor of a2™ brand infant nutrition product for Greater China – as part of the agreement, A2C and CSF have formed a joint marketing structure
Slide 8: Successful capital raising
Successful capital raising • In December 2012, A2C announced an equity raising to provide additional funding to accelerate the global growth initiatives outlined in the strategic review • The Company issued NZ$20m in new equity and the Company’s three largest shareholders partially sold down their s
Slide 9: Feel the difference™
Feel the difference™
Slide 10: The story so far…
The story so far… July 2010 October 2010 June 2011 November 2011 March 2012 September 2012 December 2012 Acquired the remaining Developed the new Formally developed the Formed 50 / 50 JV Commissioned Reported record FY12 revenue Successfully 50% it did not already strategic agenda ‘The A2 System©’,
Slide 11: Disclaimer
Disclaimer This presentation dated 29 August 2013 provides additional comment on the market release of 29 August 2013 and the Full-Year report. As such, it should be read in conjunction with, and subject to, the explanations and views in those documents. This presentation is provided for information