Universal Robina Corp. · PSE:URC
Universal Robina — Q1 FY2010 Earnings Presentation
10 slides from Universal Robina's earnings presentation, Apr 16, 2009
Slide 1: Investor Presentation Q1 FY2010
Investor April 16, 2009 Presentation Q1 FY2010
Slide 2: Income Statement
INCOME STATEMENT (Php million) Q1 FY2009 Q1 FY2010 % vs SPLY Net Sales and Service 13,268 14,373 +8% Cost of Sales and Service 10,266 10,032 (2%) Gross Profit 3,002 4,341 +45% Operating Expenses (1,978) (2,051) +4% Operating Income 1,024 2,290 +124% Equity in net income 13 12 Finance revenue (cost)-
Slide 3: Balance Sheet
BALANCE SHEET FY2009 Q1 FY2010 (PhP MM) Cash and Financial Debt (PhP MM) Cash and Cash 17,636 18,166 Equivalents 25000 (including AFS) Other Current Assets 14,991 16,542 20000 18,166 Property Plant and 25,301 25,311 17,636 17,912 17,201 Equipment 15000 Other non-current Assets 2,989 2,835 Total Asse
Slide 4: Financial Highlights
FINANCIAL HIGHLIGHTS % vs Sales (PhP MM) Q1 FY2009 Q1 FY2010 SPLY Net Sales BCFG 10,433 10,646 +2% 14,373 13,268 Agro-Industrial 1,510 1,751 +16% Commodity Foods 0 5,000 10,000 15,000 (Net) 1,325 1,976 +49% Operating Income Total URC 13,268 14,373 +8% 2,290 1,024 0 500 1,000 1,500 2,000 2,500 Operat
Slide 5: Branded Consumer Foods Group
BRANDED CONSUMER FOODS GROUP Q1 Q1 % vs • Philippine sales down on Sales (PhP MM) FY2009 FY2010 SPLY supply chain issues, but rebounded at end of the Philippines 6,935 6,987 +1% quarter International 3,212 3,464 +8% Packaging 286 195 (32%) • International sales continue strong growth. Sales in Total
Slide 6: Philippine Market Shares
PHILIPPINE MARKET SHARES MARKET CATEGORY #1 #2 #3 SHARE Snacks* 47% 19% 8% Candies 48% 10% 8% Chocolates 21% 9% 9% Biscuits 18% 38% 27% Cookies 39% 21% 7% Pretzels 64% 19% 8% Tomato Sauce* 8% 80% 7% Canned Beans* 76% 10% 6% Cup Noodles* 40% 54% 1% RTD Tea 72% 13% 5% Instant Coffee 15% 83% 1% Source:
Slide 7: Agro-Industrial Group
AGRO-INDUSTRIAL GROUP Q1 Q1 % vs URC Feeds Sales (PhP MM) FY2009 FY2010 SPLY • Costs declining in line with drop of commodity prices Feeds 617 663 +7% worldwide; expansion in Farms 893 1,088 +22% margins Total 1,510 1,751 +16% URC Farms Operating Income (PhP MM) • Improvement in both sales volume an
Slide 8: Commodity Foods Group
COMMODITY FOODS GROUP Q1 Q1 % vs URC Flour Sales (PhP MM) FY2009 FY2010 SPLY • Lower selling prices offset Flour 1,465 1,381 (6%) higher sales volumes Sugar 715 1,483 +107% • Strong profits as URC finishes off high-cost Subtotal 2,180 2,864 +31% wheat inventory Transfers (855) (888) +4% URC Sugar To
Slide 9: Expectations
EXPECTATIONS Expectations • Domestic BCFG with expanded margins, with improved beverage performance • International operations to remain strongly profitable and experience higher sales growth • Challenges for Feeds and Farms in fiscal 2009, but recovery during the 2010 election year • Flour margins
Slide 10: Thank You!
Thank You! UNIVERSAL ROBINA CORPORATION