Almarai Company · TADAWUL:2280
Almarai — Q2 2010 Earnings Presentation
13 slides from Almarai's earnings presentation, 2010
Slide 1: Almarai Company 2010 Q2 Earnings Presentation
Quality You Can Trust Almarai Company 2010 Q2 Earnings Presentation
Slide 2: Disclaimer
Disclaimer Quality You Can Trust Information contained in this presentation is subject to change without further notice, its accuracy is not guaranteed and it may not contain all material information concerning the company. Neither we nor our advisors make any representation regarding, and assumes n
Slide 3: Highlights: 2nd quarter 2010 / 1st half 2010
Highlights 2nd quarter 2010 / 1st half 2010: a solid performance Quality You Can Trust Another excellent set of financial consolidated results characterised by Q2 2010 1st Half of 2010 Revenue growth 20.2 % from SAR 1,447.1 18.9% from SAR 2,773.2 to SAR 1,738.9 million to 3,298.4 million Net Income
Slide 4: Highlights: Divisional performance
Highlights 2nd quarter 2010 / 1st half 2010: Divisional performance Quality You Can Trust Q1 2010 Q2 2010 1st Half 2010 Dairy and Juice division 3rd Party Sales growth + 12.6% + 13.1% + 12.9% Net income before minorities growth + 29.7% + 15.5% + 21.4% ROS before minorities 17.9% 20.8% 19.4% Bakery d
Slide 5: Income Statement 2nd quarter
Income Statement 2nd quarter Quality You Can Trust 2nd quarter 1st half SAR million 2010 2009 Change 2010 2009 Change Net Sales 1,738.9 100.0% 1,447.1 100.0% 20.2% 3,298.4 100.0% 2,773.2 100.0% 18.9% Cost of sales (1,037.7) (59.7%) (855.8) (59.1%) 21.3% (2,027.2) (61.5%) (1,673.6) (60.4%) 21.1% Gros
Slide 6: Sales 1st half 2010 by Products and regions
Sales 1st half 2010 by Products and regions Sales by Products 2nd quarter 2010 Quality You Can Trust Bahrain UAE Sales by Product Group 2nd quarter Qatar 2.4% 11.1% Oman Sales by Regions 4.4% 5.0% SAR Million 2010 2009 % change Export Kuwait 1.2% Fresh Dairy 790.1 697.5 13.3% 6.3% Long-Life Dairy 16
Slide 7: Performance 2005-2010 by Quarter
Performance 2005-2010 by Quarter Quality You Can Trust 400 350 300 250 SAR Million 200 363.4 343.1 293.7 287.1 150 248.8 235.2 234.1 219.2 197.4 193.1 186.1 100 165.3 162.2 130.2 122.8 122.6 121.8 106.9 100.9 100.3 90.6 50 78.0 0 Almarai Company 2010 Q2 Earnings Presentation 7
Slide 8: Almarai is realising rapid growth and high margins
Performance Review Almarai is realising rapid growth and high margins Quality You Can Trust Revenue and EBIT Margin1 Evolution 1999 - 2010 24.9% 22.7% 23.2% 22.6% 24.4% 21.8% 21.3% 21.0% 20.7% 21.0% 6,394 20.1% 19.4% 5,869 CAGR 1999 – 2009: 17.3% (w/o impact of acquisitions 15.8%) 5,030 CAGR 2004 –
Slide 9: Cash Flow Statement
Cash Flow Statement Quality You Can Trust 1st half SAR Million 2010 2009 From Operating Activities 858.6 713.0 Used in Investing Activities (1,060.1) (726.9) From Financing Activities (97.0) (4.1) Increase/(Decrease) in Cash (298.5) (18.0) Cash at beginning of period 507.7 246.6 Cash at end of perio
Slide 10: Balance Sheet
Balance Sheet Quality You Can Trust SAR Million 30.06.2010 31.21.2009 Balance Sheet Net operating working capital 739 711 Biological Assets 742 735 Property,Plant and Equipment 7,048 6,282 Net operating assets 8,529 7,728 Intangible Assets - Goodwill 793 793 Investment and Financial Assets 991 995 N
Slide 11: Segment Reporting
Segment Reporting Quality You Can Trust Dairy & Arable and Other Almarai SAR Million Bakery Poultry Juice Horticulture Activities Consolidated 1st half 2010 Sales 2,805.7 417.6 78.2 95.6 - 3,397.1 Third Party Sales 2,797.4 394.8 78.2 28.0 - 3,298.4 Net Depreciation 121.6 34.7 12.1 19.3 0.0 187.6 Inc
Slide 12: Looking Forward
Looking Forward Quality You Can Trust Continued focus on existing business Dairy & Juice Bakery with the objective of doubling our 2009 business by 2015 Improve and expand poultry business Build the existing business and, through “quality’ across all aspects of the business, play a leadership role E
Slide 13: Thank you
Thank you Quality You Can Trust Almarai Company Exit 7, North Circle Road Al Izdihar District P.O. Box 8524 Riyadh, 11492 Saudi Arabia Contact for investor relations matters: Khalid M. Al Nasser +966 1 470 00 05 ext 1280 [email protected] Almarai Company 2010 Q2 Earnings Presentation 13