Inve stor Inve stor Pr e se ntation Pr e se ntation Q1 F Y2008 - - PowerPoint PPT Presentation

Inve stor Inve stor Pr e se ntation Pr e se ntation Q1 F Y2008 Q1 F Y2008

Financial Highlights Financial Highlights

Branded Consumer Foods Agro-Industrial Commodity Food

Net Sales (in PhP M) EBIT

CORE EARNINGS Domestic 5,932 659 +20% Farms, Animal Feeds & Medicine 1,494 135 +10% International 2,020 (38) +8% Packaging 364 (7) +18% Flour and Sugar (Net) 1,049 +42% +39% (19%) (3%) +76% +16% 4,938 1,354 1,862 308 737

Financial Highlights Financial Highlights

(219) (-68%) 475 166 (37) (29) Corporate charges (134) (106) 302 261 886 YoY Q1 FY 2008 YoY Q1 FY 2007 Q1 FY 2008 Q1 FY 2007 +15% 768 URC TOTAL +26% 729 10,859 +18% 917 9,199

Financial Highlights Financial Highlights

Note : E xc lude s pac kaging

Q1 F Y 2007 Q1 F Y 2008 YoY Growth Sna c kfoods

337 104 26 8 475

Be ve ra g e

+49% 501 139 32

Groc e ry

(13) +34% +23% (167%)

Othe rs

659 +39%

T OT AL

BCF Dome stic E BIT bre a kdown (Php M)

Q1 F Y 2007 Q1 F Y 2008 YoY Growth Sna c kfoods

2,887 1,196 650 205 4,938

Be ve ra g e

+22% 3,508 1,497 682

Groc e ry

245 +25% +5% +20%

Othe rs

5,932 +20%

T OT AL

BCF Dome stic re ve nue bre a kdown (Php M)

1000 1200 1400 1600 1800 2000 2200 Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep (PhP millions)

FY2008 FY2007 FY2006

Cho c o la te s +7% So ft/ Ha rd Ca ndie s +6% Bisc uits +0% RT E – Be a ns +0% I nsta nt No o dle s

• 1%

T

• ma to Sa uc e
• 10%

Sna c ks +5%

Philippine sna c kfood a nd be ve ra g e s ma rke t

Sour c e : AC Nie lse n Cate gor y T r e nd Sur ve y – MAT Nov 2007; volume gr

• wth

I so to nic drinks +50% T e a +41% Pa c ka g e d wa te r +11% Ca rb o na te d so ft drink +5% Re a dy to drink – Juic e +4% 3-in-1 c o ffe e +49% E ne rg y drinks +20% Re a dy to drink – Co ffe e +10%

2000 4000 6000 8000 10000 12000 14000 J u n

• 4

S e p

• 4

D e c

• 4

M a r

• 5

J u n

• 5

S e p

• 5

D e c

• 5

M a r

• 6

J u n

• 6

S e p

• 6

D e c

• 6

M a r

• 7

J u n

• 7

S e p

• 7

D e c

• 7

Dome stic sale s sur ging; be ve r age gr

• wth c ontinue s

C2 sales volume (‘000 liters) BCFG Domestic Sales

10,652

Financial Highlights Financial Highlights

BCF Inte rna tiona l E BIT (US$ ‘000) BCF Inte rna tiona l re ve nue s (US$ ‘000)

• #1 potato chip brand

Singapore

• #1 compound chocolates
• #1 potato chip brand

Malaysia

• #1 in wafers & biscuits

Thailand

Q1 F Y 2007 Q1 F Y 2008 YoY Gr

• wth

T hailand

19,483 6,564 6,667 3,256 1,474 37,444

Ma la ysia / Singapor e

+24% 24,115 8,142 5,809 4,804

Indone sia

4,061 +24% (13%) +48% +176%

China / HK Vie tnam

46,931 +25%

Inte r national Q1 F Y 2007 Q1 F Y 2008 YoY Gr

• wth

T hailand

1,814 213 (165) (1,545) (1,070) (753)

Ma la ysia / Singapor e

+1% 1,837 119 (634) (1,400)

Indone sia

(769) (44%) (284%) +9% +28%

China / HK Vie tnam

(847) (12%)

Inte r national

Financial Highlights Financial Highlights

URC F e e ds

• Rising c o sts o f inputs suc h a s c o rn

a nd fe e d whe a t URC F a rms

• Hig he r pric e s c a use d b y lo we re d

supply due to dise a se o utb re a ks

Q1 F Y 2007 Q1 F Y 2008 YoY Growth F e e ds

88 78 166

F a rms

(27%) 64 71 (9%) 135 (19%)

T OT AL Q1 F Y 2007 Q1 F Y 2008 YoY Growth F e e ds

630 724 1,354

F a rms

+8% 683 811 +12% 1,494 +10%

T OT AL

Agro- Industrial E BIT (Php M) Ag ro- Industria l Re ve nue s (Php M)

Financial Highlights Financial Highlights

URC Sug a r

• Mill e xpa nsio n finishe d in time fo r

2008 milling se a so n

• PASSI

sug a r mill a c q uire d in Oc to be r URC F lo ur

• Whe a t pric e s inc re a sing wo rldwide

Q1 F Y 2007 Q1 F Y 2008 YoY Growth F lour

96 165 261

Sug a r

+45% 139 163 (1%) 302 +16%

T OT AL Q1 F Y 2007 Q1 F Y 2008 YoY Growth F lour

941 426 1,367 (630) 737 +36%

Sug a r

1,280 495 1,775 (726) +30% +15% +16% 1049

SUBT OT AL L e ss T ra nsfe rs

+42%

T OT AL

Commodity E BIT (Php M) Commodity Re ve nue s (Php M)

Financial Highlights Financial Highlights

BAL ANCE SHE E T Q1 F Y2007 F Y 2006

Ca sh a nd Ca sh E q uiva le nts 19,669 13,536 22,504 3,162

58,871

15,328 8,828

24,156

20,545 14,170

34,715

21,592 Othe r Curre nt Asse ts 11,746 Pro pe rty Pla nt a nd E quipme nt – ne t 22,267 Othe r no n-c urre nt Asse ts 3,068

T OT AL ASSE T S 58,674

Curre nt L ia bilitie s 14,162 No nc urre nt L ia bilitie s 9,516

T OT AL L IABIL IT IE S 23,678

Re ta ine d E a rning s 20,300 Othe r E q uity 14,696

T OT AL E QUIT Y 34,996

5,000 10,000 15,000 20,000 25,000

FY2007 3M FY2008 Cash, Mkt. Securities, Temp. Investments Gross Debt

F Y2007 18.831 18.977 19,669 21,592 Gross De bt a nd Ca sh (Php M) Balanc e She e t 3 Mos F Y2008

Corpora te

• Pa y o ff URC 08 b o nd
• Co ntinue 50% divide nd pa y-o ut po lic y
• Pursue M&A tha t will a dd va lue to the c o mpa ny
• Ca pita l e xpe nditure s o f a bo ut P3 billio n in F

Y2008

• Sto c k b uy-b a c k pro g ra m

EXPECTATIONS IN 2008 EXPECTATIONS IN 2008

E xpe c ta tions

• Po sitive tre nds in do me stic BCF

G to c o ntinue , e spe c ia lly in sna c kfo o ds

• F

urthe r re c o ve ry in inte rna tio na l vo lume s, pa rtic ula rly in T ha ila nd a nd Vie tna m

• Go o d vo lume s b ut ma rg in pre ssure in flo ur, fe e ds, a nd fa rms; ma rg in re c o ve ry to wa rds

the se c o nd q ua rte r o f the fisc a l ye a r

• F

Y2008 re ve nue g ro wth o f 10%, with E BI T g ro wing in the mid-te e ns

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