Kernel Holding S.a. · GPW:KER
Kernel — Q1 FY2013 Earnings Presentation
12 slides from Kernel's earnings presentation, Nov 27, 2012
Slide 1: Q1 FY2013 Financial Results Presentation
Q1 FINANCIAL RESULTS PRESENTATION 27 November 2012 FY2013 Kernel Holding S.A. and Subsidiaries
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: Q1 FY2013 results highlights
Q1 FY2013 results highlights Key highlights Financial highlights Amounts in USD millions, except for EPS and ratios Robust Q1 FY2013 financial performance: EBITDA was USD 74.1 million, up 64.2% y-o-y Financial results supported by strong first-quarter bulk oil sales volumes Q1 FY13 Q1 FY12 % cha
Slide 4: Segmental results summary
Segmental results summary Revenue(1), USD million EBITDA, USD million EBITDA margin, % Tonnage Q1 FY13 Q1 FY12 % change Q1 FY13 Q1 FY12 % change Q1 FY13 Q1 FY12 Q1 FY13 FY12 % change Bulk oil 291.7 191.6 52.3% 38.1 28.0 36.2% 13.1% 14.6% 198 994 105 145 89.3% Farming 86.9 54.5 59.5% 25.9 13.2 96.0%
Slide 5: Bulk and bottled oil segments performance
Bulk and bottled oil segments performance Bulk oil Bulk oil sales, tons Solid opening balance of sunflower seed inventories and lower maintenance period of crushing plants allowed us to increase crushing volumes by 60.2% y-o-y to 458 095 tons in Q1 FY2013 300 000 FY2011 FY2012 FY2013 Combined wi
Slide 6: Grain, silo and export terminals segments performance
Grain, silo and export terminals segments performance Grain sales, tons Grain The sales volumes of our grain segment increased 22.2% y-o-y. The launch of grain exports FY2011 FY2012 FY2013 from Russia positively contributed to the volume and margin. 900 000 800 000 Overall, the margin remains re
Slide 7: Farming and sugar segments performance
Farming and sugar segments performance Farming Acreage (ths ha) Gross yield (ton/ha) We posted good Q1 FY2013 financial results in our farming segment as sales consisted primar- FY2012 FY2013 yoy FY2012 FY2013 yoy ily of wheat and some minor volumes of other early crops, where harvest yields were
Slide 8: Balance Sheet Highlights
Balance Sheet Highlights Amounts in USD millions 30 September 2012 30 September 2011 Invested Capital Cash & cash equivalents 133.4 173.2 Net trade accounts receivable 149.6 122.7 Inventory 721.4 385.4 of which: readily marketable inventories 659.5 353.5 Other currents assets 451.6 443.0 Net propert
Slide 9: Cash Flow Highlights
Cash Flow Highlights Amounts in USD millions Q1 FY13 Q1 FY12 Operating profit before working capital changes 79.4 54.5 Changes in working capital (237.3) (110.5) Cash obtained from/ (used in) operations (157.9) (56.0) Finance costs paid (15.4) (12.1) Income tax paid (8.9) (0.4) Net cash obtained fro
Slide 10: Liquidity position & credit metrics
Liquidity position & credit metrics Amounts in USD millions, except ratios 30 September 2012 30 September 2011 Cash 133.4 173.2 Inventory 721.4 385.4 of which: readily marketable inventories 659.5 353.5 RMI / Inventories 91.4% 91.7% Gross interest-bearing debt 1 040.7 694.3 Net interest-bearing debt
Slide 11: FY2013 EBITDA guidance
FY2013 EBITDA guidance(1) Revenue: USD 2 400 million EBITDA: USD 350 million Net Income: USD 215 million 1. Issued 29 October 2012 Q1 FY2013 11
Slide 12: IR Contact
IR Contact • Yuriy Kovalchuk Investor Relations Director [email protected] • Yegor Samusenko Investor Relations Manager [email protected] Tel.: (+38-044) 461-88-03 Q1 FY2013 12