Grupo Nutresa S.A. · BVC:NUTRESA
Grupo Nutresa — Q4 2019 Earnings Presentation
18 slides from Grupo Nutresa's earnings presentation, February 2020
Slide 1: Grupo Nutresa Results 4Q 2019
GRUPO NUTRESA Grupo Nutresa Results 4Q 2019
Slide 2: 2019 Highlights
2019 HIGHLIGHTS Good, sustained growth & ESG integration as a global competitive advantage Substantial Successful Best-in Class Commodities Top Line M&A ESG Global and FX Growth Strategy Practices Headwinds Sustained top line growth in Acquisition of Cameron´s #1 in DJSI Global Ranking for Strong co
Slide 3: Colombia & International Sales 4Q2019
COLOMBIA & INTERNATIONAL SALES 4Q2019 Colombia sales + 7,5% Q: + 10,1% SALES PER COP 1.722,3 + 13,0% 502,6 P: + 2,9% * BUSINESS UNIT Billion COP + 9,5% + 7,9% 260,5 260,8 + 8,6% + 10,5% Percentage variation in volume (Q) and prices + 11,1% + 13,8% 173,5 156,9 (P) Organic 126,6 Billion COP 89,1 % chg
Slide 4: Sales Total 4Q2019
SALES TOTAL 4Q2019 Sales total SALES PER COP 2.758,8 + 14,6% BUSINESS UNIT Billion COP + 8,0% + 10,2% 552,1 547,0 Organic + 7,7% COP 2.647,3 + 10,0% Billion COP 461,8 + 42,7% 356,2 + 1,3% + 12,2% 247,0 222,7 Billion COP + 11,1% 126,6 + 14,1% 89,9 Cold cuts Biscuits Chocolates TMLUC Coffee Retail Foo
Slide 5: Colombia & International Sales Accumulated 2019
COLOMBIA & INTERNATIONAL SALES ACCUMULATED 2019 Colombia sales + 3,1% Q: + 6,9% 1.734,4 SALES PER COP 6.203,8 + 8,1% P: + 1,2% * BUSINESS UNIT Billion COP + 9,1% + 5,8% 980,0 1.011,0 + 6,0% + 8,0% + 7,0% + 13,5% Percentage variation in volume (Q) and prices 660,3 563,0 (P) Organic 475,6 340,1 Billio
Slide 6: Sales Total Accumulated 2019
SALES TOTAL ACCUMULATED 2019 Sales total SALES PER COP 9.958,9 + 10,5% BUSINESS UNIT Billion COP + 11,3% + 3,4% 2.029,1 Organic 1.912,0 + 8,0% COP 9.827,0 + 9,0% Billion COP 1.676,7 + 22,8% + 4,8% 1.210,1 1.042,0 + 10,4% Billion COP 814,6 + 7,0% 475,6 + 13,6% 343,0 Cold cuts Biscuits Chocolates TMLU
Slide 7: Sales by Region 2019
SALES BY REGION 2019 United States Dominican Republic and the Carribbean 9,2% 1,9% Mexico Venezuela 3,4% 62,3% Colombia Central America 9,8% Peru 37,7% 2,3% International Colombia Chile 62,3% 7,5% Ecuador 1,4% Other 2,2% Convention Production Distribution Services 7
Slide 8: Market Share: New approach for measuring market share in Colombia
MARKET SHARE New approach for measuring market share in Colombia Consolidated market share in Colombia: 55,4% Cold Cuts Biscuits Chocolates Coffee TMLUC Ice Cream Pasta Retail Food 62,5% Chocolate ICB* (A) Ice cream #1 52,4% confectionery (A) Roast and ground 52,5% coffee (A) 59,4% #1 in Hamburgers
Slide 9: Raw Materials: Commodities Index Grupo Nutresa
RAW MATERIALS Commodities Index Cogs Breakdown Grupo Nutresa 2019 170 ICGN - MERCADO 1,6% Poultry 2,6% Milk 150 2,7% Beef 144 130 3,5% Oils & fats 113 4,5% Sugar Other 38,9% 110 113 112 5,2% Cocoa 107 7,2% Pork 90 95 86 87 87 78 7,7% Wheat 86 82 Pack. Mat. 14,9% 70 2009 2010 2011 2012 2013 2014 2015
Slide 10: EBITDA 4Q2019
EBITDA 4Q2019 EBITDA 14,6% EBITDA PER COP 354,8 + 24,2% + 10,7% BUSINESS UNIT Billion COP 80,6 11,5% - 0,9% 25,0% Margin 10,8% 12,9% 63,0 + 116,2% - 11,2% 55,8 10,1% 49,6 11,7% + 100,0% Billion COP + 2,0% 35,8 14,6% 28,9 15,2% + 31,4% + 82,9% 18,5 13,7 Cold cuts Biscuits Chocolates TMLUC Coffee Reta
Slide 11: EBITDA Accumulated 2019
EBITDA ACCUMULATED 2019 EBITDA 13,6% EBITDA PER COP 1.347,2 + 19,6% BUSINESS UNIT Billion COP 12,4% + 13,5% 13,8% + 4,2% 276,6 - 7,0% Margin 237,6 22,6% 232,0 13,5% 13,6% + 115,7% 11,7% 184,0 + 9,7% + 43,5% 141,6 141,4 14,2% Billion COP + 25,0% 12,6% 67,7 + 32,7% 43,3 Total Cold cuts Biscuits Chocol
Slide 12: Income Statement 4Q2019
INCOME STATEMENT 4Q2019 2019 4Q % Revenues 2019 4Q % Revenues 2018 4Q % Revenues % Var. % Var. Continuing operations Without IFRS 16 Without IFRS 16 Without IFRS 16 Operating revenue 2.758.815 2.758.815 100,0% 2.406.768 14,6% 14,6% Cost of goods sold (1.555.543) -56,4% (1.555.543) -56,4% (1.328.192)
Slide 13: Income Statement Accumulated 2019
INCOME STATEMENT ACCUMULATED 2019 2019 % Revenues 2019 % Revenues 2018 % Revenues % Var. % Var. Continuing operations Without IFRS 16 Without IFRS 16 Without IFRS 16 Operating revenue 9.958.851 9.958.851 100,0% 9.016.066 10,5% 10,5% Cost of goods sold (5.565.300) -55,9% (5.568.213) -55,9% (4.969.218
Slide 14: Consolidated Net Debt
CONSOLIDATED NET DEBT 3.500 2.808 2.906 3.000 2.709 Billion COP 2.596 2.638 2.605 2.441 2.500 2.000 1.752 1.581 1.500 1.000 500 0 Dec-13 Dec-14* Dec-15* Dec-16* Dec-17* Dec-18* Mar-19* Jun-19* Dec-19* Net debt 1.581 1.752 2.808 2.906 2.596 2.441 2.638 2.605 2.709 Net debt / EBITDA 1,90 2,10 2,88 2,8
Slide 15: Contact
CONTACT Catherine Chacón Navarro Investor Relations Director e-mail: [email protected] Tel: (+574) 325 8731 www.gruponutresa.com This presentation and further detailed information can be found in the following link in our section "Grupo Nutresa Valuation Kit": http://www.gruponutresa.com/es/c
Slide 16: Statement of Financial Position 2019 (Assets)
STATEMENT OF FINANCIAL POSITION 2019 December 2019 December 2018 % Var. ASSETS Current assets Cash and cash equivalents 497.947 347.520 43,3% Trade and other receivables 1.166.248 1.020.579 14,3% Inventories 1.248.128 1.109.878 12,5% Biological assets 96.632 94.569 2,2% Other current assets 251.397
Slide 17: Statement of Financial Position 2019 (Liabilities)
STATEMENT OF FINANCIAL POSITION 2019 December 2019 December 2018 % Var. LIABILITIES Current liabilities Financial obligations 527.196 522.302 0,9% Right-of-use liabilities 147.242 - - Trade and other payables 1.235.133 1.094.960 12,8% Tax charges 214.542 228.841 -6,2% Employee benefits liabilities 1
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´s management. For better illustration and decision making purposes Grupo Nutresa’s figures are consolidated; for this reason