Kernel Holding S.a. · GPW:KER
Kernel — Q4 FY2012 Earnings Presentation
10 slides from Kernel's earnings presentation, Jun 30, 2012
Slide 1: Q4 FY2012 Financial Results Presentation
Q4 FY2012 FINANCIAL RESULTS PRESENTATION Kernel Holding S.A. 30 June 2012 Q4 FY2012 1
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: Q4 Summary of performance, markets and events
Q4 Summary of performance, markets and events Company performance Q4 FY2012 A quarterly EBITDA of USD 113 million Substantial gain from revaluation of biological assets owing to threefold increase in the consolidated landbank Execution of sugar contract with the State Agricultural Reserve Fund
Slide 4: Quarterly Financial Highlights
Quarterly Financial Highlights(1) Amounts in USD millions, except for EPS and ratios Q4 FY2011 Q4 FY2012 % change Revenue 471.3 584.4 24.0% Profit from operating activities 70.2 94.6 34.8% Net profit(2) 62.2 74.7 20.2% EBITDA(3) 78.2 113.4 45.1% EPS(4) 0.78 0.93 19.5% Net debt / EBITDA(5) 1.0 1.9 91
Slide 5: Annual Financial Highlights
Annual Financial Highlights (1) Amounts in USD millions, except for EPS and ratios 12 months ended 12 months ended % change 30 June 2011 30 June 2012 Revenue 1 899.1 2 169.2 14.2% Profit from operating activities 277.3 255.8 -7.8% (2) Net profit 226.3 213.8 -5.5% (3) EBITDA 309.6 324.6 4.8% EPS(4) 2
Slide 6: Income Statement Highlights
Income Statement Highlights(1) Amounts in USD millions, except for EPS and margins Q4 FY2011 Q4 FY2012 % change Revenue 471.3 584.4 24.0% Gross profit 104.3 125.5 20.4% Profit from operating activities 70.2 94.6 34.8% Net profit(2) 62.2 74.7 20.2% EBITDA(3) 78.2 113.4 45.1% EPS(4) 0.78 0.93 19.5% EB
Slide 7: Balance Sheet Highlights
Balance Sheet Highlights (1) Amounts in USD millions 30 June 2011 31 March 2012 30 June 2012 Invested Capital Cash & cash equivalents 115.9 91.9 82.5 Net trade accounts receivable 111.6 186.9 143.5 Inventory 183.7 588.6 405.0 of which: readily marketable inventories(2) 166.1 503.0 372.2 Other curren
Slide 8: Cash Flow Highlights
Cash Flow Highlights (1) Amounts in USD millions Q4 FY2011 Q4 FY2012 Operating profit before working capital changes 64.5 75.0 Changes in working capital 207.8 71.6 Cash obtained from/ (used in) operations 272.3 146.6 Finance costs paid (1.7) (17.6) Income tax paid (1.7) (2.1) Net cash obtained from
Slide 9: Segmental Results
Segmental Results Revenue(1), USD million Operating profit(2), USD million Operating margin, % Tonnage(3) Q4 FY11 Q4 FY12 % change Q4 FY11 Q4 FY12 % change Q4 FY11 Q4 FY12 Q4 FY11 Q4 FY12 % change Bottled oil 47.3 35.0 -26.0% 9.8 5.3 -46.2% 20.7% 15.1% 33.8 24.4 -27.8% Bulk oil 363.4 388.2 6.8% 42.8
Slide 10: Liquidity position & credit metrics
Liquidity position & credit metrics Amounts in USD millions, except ratios 30 June 2011 31 March 2011 30 June 2012 Cash 115.9 91.9 82.5 Inventory 183.7 588.6 405.0 of which: readily marketable inventories 166.1 503.0 372.2 RMI / Inventories 90.4% 85.5% 91.9% Gross interest‐bearing debt 422.0 806.8 6