Tingyi (Cayman Islands) Holding Corp. · HKEX:322

Tingyi (Cayman Islands) — H1 2014 Earnings Presentation

18 slides from Tingyi (Cayman Islands)'s earnings presentation, Aug 18, 2014

1. Slide 1: Presentation on 2014 Interim Results

   Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in re

2. Slide 2: Tingyi Holding Corp. 1H 2014 Results

   0322 HK Tingyi Holding Corp. 1H 2014 Results 18 August 2014 Hong Kong Corporate web site: www.masterkong.com.cn Email: [email protected] © 2014 Tingyi Holding Corp., All rights reserved.

3. Slide 3: Disclaimer

   Disclaimer The information contained in this presentation is intended solely for your personal reference. Such information is subject to change without notice and norepresentation or warranty express or implied is made as to, and no reliance, should be placed on, the fairness, accuracy, completeness

4. Slide 4: Contents

   Contents  1H 2014 review  Financial highlights  Market shares  Distribution network  Production summary 3 © 2014 Tingyi Holding Corp., All rights reserved.

5. Slide 5: 1H 2014 – Sales & Profit Growth

   1H 2014 – Sales & Profit Growth US$ million 1H2014 1H2013 Change% Turnover 5,504 5,423 1.51 Gross Profit 1,710 1,620 5.59 Gross Margin 31.07% 29.87% 1.20ppt. EBITDA 703 583 20.74 Profit 337 245 37.70 Profit attributable to owners of the Company 232 197 17.93 EPS (US cents) 4.14 3.52 0.62cents 4 © 20

6. Slide 6: Turnover by Products

   Turnover by Products US$ million 1H2014 1H2013 Change% Instant Noodles 2,034 1,993 2.05 Beverages 3,332 3,250 2.53 Instant Food 90 99 -9.52 Others 48 81 -39.85 Total 5,504 5,423 1.51 1H2014 1H2013 Instant Instant Food Others Food Others 2% 1% 2% 1% Beverages Beverages 60% 60% Noodles Noodles 37% 37%

7. Slide 7: Instant Noodle Sales by Products

   Instant Noodle Sales by Products US$ million 1H2014 1H2013 Change% Bowl 991 977 1.50 High end Packet 759 764 -0.70 Mid end Packet 226 207 9.15 Snack Noodle & Others 58 45 28.03 Total 2,034 1,993 2.05 1H2013 1H2014 Mid end Others Others Mid end 3% 3% Packet Packet Bowl Bowl 10% 11% High end 49% 49% H

8. Slide 8: Beverage Sales by Products

   Beverage Sales by Products US$ million 1H2014 1H2013 Change% Tea 1,385 1,226 13.02 Water 650 508 27.90 Juice 619 766 -19.17 Carbonated drinks and Others 678 750 -9.65 Total 3,332 3,250 2.53 1H2013 1H2014 Carbonated Carbonated drinks drinks and and Others Others Tea 20% 23% 38% Tea Juice 42% Juice 19

9. Slide 9: Gross Margin by Products

   Gross Margin by Products 1H2013 40 36.89 35.27 1H2014 % 33.45 31.07 29.18 30.2 29.87 30 27.29 20 10 0 Instant Beverages Instant Overall Noodles Food Change (ppt.) -1.89 3.25 -1.62 1.20 8 © 2014 Tingyi Holding Corp., All rights reserved.

10. Slide 10: EBIT by Products

    EBIT by Products US$’000 1H2014 1H2013 Change% Instant Noodles 188,889 193,699 -2.48 Beverages 273,925 148,729 84.18 Instant Food -11,347 -6,681 -69.85 Others -1,424 24,929 -105.71 EBIT 450,043 360,676 24.78 9 © 2014 Tingyi Holding Corp., All rights reserved.

11. Slide 11: Profit

    Profit US$’000 1H2014 1H2013 Change% Instant Noodles 161,230 154,686 4.23 Beverages 197,010 87,487 125.19 Instant Food -10,652 -5,892 -80.79 Others -10,589 8,453 -225.28 Profit 336,999 244,734 37.70 10 © 2014 Tingyi Holding Corp., All rights reserved.

12. Slide 12: Financial Position

    Financial Position As at 30/6/2014 As at 31/12/2013 *ROA (Annualized) 10.03% 8.92% *ROE (Annualized) 16.21% 15.06% Current Ratio 0.66 0.66 Gearing Ratio 0.11 0.15 A/R Turnover /Days 9.96 8.23 Finished Goods Turnover/Days 12.33 12.90 At 30/06/2014, Cash and cash equivalents was US$1.58 billion *ROA：E

13. Slide 13: Material Price

    Material Price RMB/Ton 3,700 Flour Palm Oil 3,500 3,420 11,500 3,300 10,500 3,100 9,500 2,900 8,500 2,700 7,500 2,500 6,470 2,300 6,500 2,100 5,500 1,900 4,500 1,700 1,500 3,500 08 Q /08 Q /09 Q /09 Q /10 Q /10 Q /11 Q /11 Q /12 Q /12 Q /13 Q /13 Q /14 /08 Q /08 Q /09 Q /09 Q /10 Q /10 Q /11 Q /11 Q

14. Slide 14: Instant Noodle Market Share by Volume and Value

    Instant Noodle Market Share-by Volume Instant Noodle Market Share-by Value 60.0 Tingyi Holding % 70.0 % Tingyi Holding 57.4 57.257.1 47.747.4 60.0 55.7 56.057.157.157.156.256.756.356.556.356.555.656.056.4 50.0 45.7 46.3 44.0 43.142.3 42.7 43.3 42.9 44.043.9 44.9 44.2 42.1 41.8 41.2 50.0 40.0 40.0 30

15. Slide 15: RTD Tea Market Share by Volume and Value

    RTD Tea Market Share-by Volume RTD Tea Market Share-by Value % 60.0 % 60.0 Tingyi Holding 54.9 54.4 5 6 .1 5 6 .3 5 4 .2 Tingyi Holding 5 3 .4 5 4 .1 5 3 .6 5 0 .9 5 0 .8 5 2 .2 51.6 5 1 .5 5 1 .2 5 2 .5 50.0 4 7 .8 5 3 .4 4 7 .8 4 6 .8 50.0 4 7 .2 4 8 .3 4 7 .6 50.3 45.2 45.7 45.8 5 1 .3 43.9 4 4 .

16. Slide 16: RTD Tea (no milk tea) Market Share by Volume and Value

    RTD Tea (no milk tea) Market Share-by Volume RTD Tea (no milk tea) Market Share-by Value 70.0 % 70.0 % Tingyi Holding Tingyi Holding 6 0 .8 60.9 5 9 .4 58.0 60.0 5 7 .5 60.0 5 8 . 4 5 7 .3 5 6 .7 56.1 5 5 .2 55.9 56.1 5 7 .1 56.8 5 7 .1 56.5 55.6 5 4 .8 55.1 54.5 5 3 .1 53.4 52.0 57.1 55.9 51.1 53.0

17. Slide 17: Bottle Water and Diluted Juice Drinks Market Share

    Bottle Water Market Share-by Volume Diluted Juice Drinks (below39% juice content) Market Share-by Volume 32.1 32.2 40.0 30.0 % % Tingyi Holding 25.9 Tingyi Holding 2 5 .3 35.0 33.2 33.6 33.5 2 5 .7 2 5 . 1 33.8 31.9 32.4 2 4 .1 31.7 25.0 3 1 .0 2 2 .7 22.8 2 2 .6 29.9 30.1 29.1 30.5 2 2 .5 2 2 .5 30

18. Slide 18: Nation-Wide Distribution Network and Production Lines

    Nation-Wide Distribution Network and Production Lines a) Nation-Wide Distribution Network As at 30/6/2014 As at 31/12/2013 Sales Office 584 566 Warehouse 82 75 Wholesaler 35,447 33,504 Direct Retailer 117,898 110,355 b) Production Lines Noodles 229 229 Beverage 442 410 Instant Food 15 15 17 © 2014 T

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