Ebro Foods Sa · BME:EBRO
Ebro Foods Sa — H1 2012 Earnings Presentation
19 slides from Ebro Foods Sa's earnings presentation, July 2012
Slide 1: Ebro Foods 1H12
2012 EBRO FOODS 1H12
Slide 2: Contents
CONTENTS 1. Business Units: 1H12 Results 1.1 Pasta 1.2 Rice 2. Ebro Foods Consolidated 1H12 Results 2.1 Profit & Loss Account 2.2 Breakdown of Operating Profit 2.3 Evolution of Debt 3. Summary 4. Corporate Calendar 2012 5. Disclaimer
Slide 3: Business Units: 1H12 Results
01 Business Units: 1H12 Results
Slide 4: Pasta
a Nature = a= me LUNCH ye yABOX “ll NOMOPKS pa | WACKY MAC eae ‘
Slide 5: OK in Europe but Tough in North America
OK in Europe but Tough in North America Durum wheat prices were lower in the first half of this year than in 2H2011, although there has been an upturn recently due to the knock-on effect of other cereals. The performance of our Pasta business has been positive in Europe, our growth in volume outstri
Slide 6: Timid Recovery in the Second Quarter
Timid Recovery in the Second Quarter The division turnover rose 7% to 484 MEUR as a result of the price rises and despite the loss of sales volume in the USA. Its EBITDA dropped by 4.6 MEUR to 63 MEUR, to which the currency factor contributed 2 MEUR. The division ROCE was over 23% but we have a diff
Slide 7: Rice
SMATI COMPLET RICE LACIGALA
Slide 8: Successful Integration of SOS and ARI Businesses
Successful Integration of SOS and ARI Businesses We can consider the performance of our rice businesses successful during this half year. Our brands have performed well in Europe, especially those incorporated from the SOS Group. The commodity market was fairly stable, as the incorporation of India
Slide 9: Healthy Growth in Rice
Healthy Growth in Rice Turnover was up 36% to 552 MEUR, mainly as a result of incorporation of the new businesses. The division EBITDA increased by 20 MEUR, a year-on-year growth of 37%. The exchange rate effect was positive, contributing 3 MEUR, and the SOS Group rice brands contributed 13 MEUR. Th
Slide 10: Ebro Foods Consolidated 1H12 Results
02 Ebro Foods Consolidated 1H12 Results
Slide 11: New Incorporations Boost Sales
New Incorporations Boost Sales Consolidated net turnover shot up 21% during the period to 1,013 MEUR, boosted by the price rise in pasta and the incorporation of new businesses, which were integrated very rapidly into our structures. The consolidated EBITDA rose 15% to 134 MEUR, assisted by a 5 MEUR
Slide 12: Breakdown of Operating Profit
Breakdown of Operating Profit The 4.7 MEUR negative difference between the EBIT and Operating Profit includes two items which, by virtue of their size, recommend a breakdown of this account. On the positive side, the overprovision for the lawsuits over the levy on milk and milk products is reversed,
Slide 13: Despite the Rising Dollar, our Debt has been Improving since December
Despite the Rising Dollar, our Debt has been Improving since December We closed the first half of the year with a Net Debt position of 360 MEUR, after reducing the debt at year-end 2011 by almost 30 MEUR, even though we have a Gross Debt in dollars so the evolution of the exchange rate in the last q
Slide 14: Summary
Ebro Summary
Slide 15: Summary
Summary Although durum wheat prices have come down considerably since the peaks experienced a year ago, we do not expect that trend to continue. Soft wheat, affected by the drought in America, has appreciated greatly over the past month and since this forms the basis for durum wheat prices, our raw
Slide 16: Corporate Calendar
Ebro a O4 Corporate Calendar
Slide 17: Ebro maintains its commitment to transparency and reporting in 2012
Ebro maintains its commitment to transparency and reporting in 2012: 11 January Quarterly payment of ordinary dividend (0.15 EUR/share) 29 February Presentation 2011 year-end results 25 April Presentation 1st quarter results 11 May Quarterly payment of ordinary dividend (0.15 EUR/share) 24 July Pres
Slide 18: Disclaimer
Ebro | O05 Disclaimer
Slide 19: Disclaimer
Disclaimer To the best of our knowledge, the estimates contained in this presentation on the future growth of the different businesses and the overall business, market share, financial results and other aspects of the company’s operations and position are accurate as at the date hereof. All the figu