Kernel Holding S.a. · GPW:KER
Kernel — H1 FY2012 Earnings Presentation
9 slides from Kernel's earnings presentation, Feb 29, 2012
Slide 1: H1 FY2012 Financial Results Presentation
H1 FY2012 Financial results presentation Kernel Holding S.A. 29 February 2012 H1 FY2012 1
Slide 2: Disclaimer
Disclaimer The information in this document has not been independently verified and no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. None of th
Slide 3: Financial Highlights
Financial Highlights (1) Amounts in USD millions, except for EPS and margins H1 FY2011 H1 FY2012 % change Revenue 912.4 985.9 8.1% Profit from operating activities 125.3 116.4 (7.1%) Net profit(2) 86.2 101.9 18.1% EBITDA(3) 141.3 148.6 5.2% EPS(4) 1.16 1.29 10.8% Net debt / EBITDA(5) 2.9x 1.6x (44.8
Slide 4: Income Statement Highlights
Income Statement Highlights(1) Amounts in USD millions, except for EPS and margins H1 FY2011 H1 FY2012 % change Revenue 912.4 985.9 8.1% Gross profit 206.7 218.9 5.9% Profit from operating activities 125.3 116.4 (7.1%) Net profit(2) 86.2 101.9 18.1% EBITDA(3) 141.3 148.6 5.2% EPS(4) 1.16 1.29 10.8%
Slide 5: Balance Sheet Highlights
Balance Sheet Highlights (1) Amounts in USD millions 31 December 2010 30 June 2011 31 December 2011 Invested Capital Cash & cash equivalents 21.6 115.9 129.8 Net trade accounts receivable 127.7 111.6 116.1 Inventory 547.0 183.7 561.3 of which: readily marketable inventories(2) 538.9 168.3 531.3 Othe
Slide 6: Cash Flow Highlights
Cash Flow Highlights (1) Amounts in USD millions H1 2011 H1 2012 Operating profit before working capital changes 120.9 147.0 Changes in working capital (501.0) (175.4) Cash used in operating activities (380.1) (28.4) Finance costs paid (20.3) (25.2) Income tax paid (0.8) (1.0) Net cash used in opera
Slide 7: Segmental Results
Segmental Results Revenue(1), USD million Operating profit(2), USD million Operating margin, % Tonnage(3) H1 FY11 H1 FY12 % change H1 FY11 H1 FY12 % change H1 FY11 H1 FY12 H1 FY11 H1 FY12 % change Bottled oil 71.8 123.5 72.0% 11.2 21.3 90.7% 15.6% 17.2% 61.4 78.2 27.3% Bulk oil 440.3 487.8 10.8% 54.
Slide 8: Liquidity position & credit metrics
Liquidity position & credit metrics Amounts in USD millions, except ratios 31 December 2010 30 June 2011 31 December 2011 Cash 21.6 115.9 129.8 Inventory 547.0 183.7 561.3 of which: readily marketable inventories 538.9 168.3 531.3 RMI / Inventories 98.5% 91.6% 94.7% Gross interest‐bearing debt 725.0
Slide 9: FY2012 Guidance
FY2012 Guidance Revenue of US$2.3 billion EBITDA of US$370 million Net income of US$255 million H1 FY2012 9