Grupo Nutresa S.A. · BVC:NUTRESA
Grupo Nutresa — Q3 2017 Earnings Presentation
18 slides from Grupo Nutresa's earnings presentation, October 2017
Slide 1: Grupo Nutresa S.A. Quarterly Report – Q3 2017
Grupo Nutresa S. A. Quarterly Report – Q3 2017
Slide 2: Highlights
Highlights World’s Highest Scores in Food industry in: Economic dimension: • Health & Nutrition 7 X • Materiality • Tax Management • Risk & Crisis Management Environmental dimension: • Environmental Reporting • Packaging Social dimension: • Human Rights 2
Slide 3: 3Q17 Sales: Colombia and international
3Q17 Sales Colombia and international Colombia sales 450 -1,1% SALES PER COP 1.395,9 mm +1,7% 404,7 BUSINESS UNIT Cop billion 400 Q: -1,1 350 P: +1,9* -1,1% COP BILLION 300 250 +0,5% 229,6 238,3 3Q - 2017 +1,7% 200 +11,6% 149,2 -1,8% 150 122,3 +3,6% Percentage variation in 109,3 100 77,0 volume (Q)
Slide 4: 3Q17 Sales: Total
Total 3Q17 Sales TOTAL SALES Ex-Venezuela 3Q 2016 COP 2.232,3 +3,7% Billion pesos SALES PER +3,6% Including Venezuela 3Q 2016: +0,8% 500 +1,5 %* BUSINESS UNIT 445,9 466,4 +0,6% 450 3Q - 2017 400 391,8 350 COP BILLION +0,5% +10,6% 300 244,6 254,0 250 +9,6% 200 177,3 -1,8% 150 109,3 +3,6% 100 77,2 50
Slide 5: Accumulated sales: Colombia and international
Accumulated sales Colombia and international Colombia sales -0,1% SALES PER 1.400 COP 4.046,0 mm +3,1% 1.203,3 Q: -2,8 BUSINESS UNIT Cop billion 1.200 P: +5,6* COP BILLION 1.000 800 +4,1% +4,9% 691,9 3Q - 2017 644,6 +5,6% 600 +8,3% 443,6 -5,4% 351,6 +3,4% Percentage variation in 400 316,6 220,2 volu
Slide 6: Accumulated sales: Total
Total Accumulated sales TOTAL SALES Ex-Venezuela 3Q 2016 COP 6.391,4 +2,6% Billion pesos SALES PER +2,0%* +1,7% Including Venezuela 3Q2016: -0,4% 1.400 1.315,3 BUSINESS UNIT 1.294,1 1.200 +2,5% 3Q - 2017 1.062,8 1.000 COP BILLION -0,3% +7,8% 800 736,9 759,9 +4,9% 600 509,9 -5,4% 400 316,6 +3,4% 220,
Slide 7: Sales by region 3Q17
Sales by region 3Q17 USA 8,4% MEXICO DOMINICAN REP. 3,7% & CARIBBEAN 1,8% CENTRAL AMERICA 9,4% VENEZUELA 0% 63,3% ECUADOR 1,4% COLOMBIA 36,7% COLOMBIA 63,3% INTERNATIONAL PERU 2,1% CHILE 8,1% OTHER COUNTRIES 1,8% 7
Slide 8: Market share Colombia + TMLUC
Market share Colombia + TMLUC Consolidated market share in Colombia: 59,8% -1,4%** Cold Cuts Biscuits Chocolates Coffee TMLUC Ice Cream Pasta Retail Food 72.3% 53,7% Chocolate confectionery Roast and ground coffee (A) ICB* 62,9% (A) ICE CREAM ND 51,3% # 1 in Hamburguers -1,5% -1,9% 69% (A) 51,6% -1,
Slide 9: Raw materials
Raw materials GRUPO NUTRESA COMMODITIES INDEX COGS BREAKDOWN (3Q17) 164 3,9% Oils & fats Milk 2,1% 149 4,8% Poultry 1,7% Sugar 144 134 4,8% Beef 119 5,2% Cocoa 38,7% 107 113 112 Other 104 6,5% Pork 89 95 87 87 92 87 7,3% Wheat 86 74 10,5% Coffee Packaging mat. 14,5% 2008 2009 2010 2011 2012 2013 201
Slide 10: EBITDA 3Q17
EBITDA 3Q17 13,4% +4,4% 14,9% EBITDA 70 11,3% +9,5% 62,4 Ex-Venezuela 3Q 2016 +17,6%* 58,6 60 50,5 COP 273,0 +3,8% COP BILLION 50 13,1% 12,0% Billion pesos +46,1% 40 -19,1% MARGIN 12,2% 12,0% 32,0 30,6 30 -8,3% 21,3 10,5% Including Venezuela 3Q -25,4% 7,9% 20 11,5 -15,3% 2016: +2,6% 10 6,1 0 Retail
Slide 11: EBITDA Accumulated 3Q17
EBITDA Accumulated 3Q17 12,0% 12,7% +2,6% 14,4% EBITDA 180 -7,4%* +39,7% 164,1 157,8 Ex-Venezuela 3Q 2016 160 153,1 140 13,4% COP 800,2 +3,0% COP BILLION 13,5% +33,6% -20,0% Billion pesos 120 99,8 101,6 MARGIN 12,5% 100 12,6% -5,2% 80 64,5 10,0% 10,8% Including Venezuela 1H 60 -25,1% +17,3% 2016: 0%
Slide 12: Comprehensive Income statement 3Q17
Comprehensive Income statement 3Q17 2017 - 3Q % Revenues 2016 - 3Q % Revenues % Var. Continuing operations Operating revenue 2.232.343 2.214.012 0,8% Cost of goods sold (1.236.124) - 55,4% (1.279.858) - 57,8% - 3,4% Gross profit 996.219 44,6% 934.154 42,2% 6,6% Administrative expenses (97.458) - 4,4
Slide 13: Comprehensive Income Statement Accumulated 3Q17
Comprehensive Income Statement Accumulated 3Q17 January- January- September % Revenues September % Revenues % Var. 2017 2016 Continuing operations Operating revenue 6.391.409 6.419.295 - 0,4% Cost of goods sold (3.569.154) - 55,8% (3.679.153) - 57,3% - 3,0% Gross profit 2.822.255 44,2% 2.740.142 42,
Slide 14: Consolidated net debt
Consolidated net debt 3.500 3.020 3.000 2.906 2.893 2.892 2.808 2.500 CON BILLION 2.000 1.752 1.581 1.500 993 1.000 487 500 399 0 Dic-10 Dic-11 Dic-12 Dic-13 Dic-14* Dic-15* Dic-16* Mar-17* Jun-17* Sep-17* Dic-10 Dic-11 Dic-12 Dic-13 Dic-14* Dic-15* Dic-16* Mar-17* Jun-17* Sep-17* Net debt 993 487 3
Slide 15: Contact Details
Contact Details Catherine Chacón Navarro Investor Relations Director Tel: (+574) 325 87 31 email: [email protected] www.gruponutresa.com This presentation and further detailed information can be found in the following link in our section "Grupo Nutresa Valuation Kit": https://www.gruponutresa
Slide 16: Statement of Financial Position 3Q 2017
Statement of Financial Position 3Q 2017 September 2017 December 2016 % Var. ASSETS Current assets Cash and cash equivalents 244.514 219.322 11,5% Trade and other receivables 997.236 889.197 12,2% Inventories 1.041.736 1.028.417 1,3% Biological assets 85.823 75.677 13,4% Other current assets 295.692
Slide 17: Statement of Financial Position 3Q 2017
Statement of Financial Position 3Q 2017 September 2017 December 2016 % Var. LIABILITIES Current liabilities Financial obligations 782.255 847.689 - 7,7% Trade and other payables 866.238 888.840 - 2,5% Tax charges 227.088 163.362 39,0% Employee benefits liabilities 200.062 161.592 23,8% Current provi
Slide 18: Disclaimer
Disclaimer This document can contain forward looking statements related to Grupo Nutresa S.A. and its subordinated companies, under assumptions and estimations made by company management. For better illustration and decision making purposes Grupo Nutresa’s figures are consolidated; for this reason t