SLIDE 1
www.savola.com
Savola 2
- 1. Group Highlights
- 2. Foods Highlights
- 3. Retail Highlights
- 4. Appendix
Investor Presentation Q3 2016 www.savola.com Contents 1. Group - - PowerPoint PPT Presentation
Investor Presentation Q3 2016 www.savola.com Contents 1. Group - - PowerPoint PPT Presentation
Investor Presentation Q3 2016 www.savola.com Contents 1. Group Highlights 2. Foods Highlights 3. Retail Highlights 4. Appendix Savola 2 Group Consolidated Financial Snapshot Gross Net Revenue EBIT Profit Profit SAR Mn Q3 5,847
SLIDE 2
SLIDE 3
Group Consolidated Financial Snapshot
SAR Mn
Q3
Sep 2016
YTD
Sep 2016
Revenue
5,847
+4.3% vs LY
18,760
- 0.6% vs YTD
Gross Profit
1,157
- 6.6% vs LY
3,670
- 2.2% vs YTD
EBIT
311
- 37.0% vs LY
1,011
- 28.2% vs YTD
Net Profit
173
- 53.3% vs LY
513
- 59.8% vs YTD
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SLIDE 4
Group Consolidated Financial Highlights
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6,224 6,023 Q1’16 Q1’15
- 3.2%
19.9% 19.6% 18.6% 20.3% 19.2% 18.7%
- 0.6%
18,760 18,864 YTD Sep’16 YTD Sep’15 3,670 YTD Sep’15 3,751 YTD Sep’16
- 2.2%
SAR Mn
YoY Sales YoY Gross Profit
Q2’16 Q2’15 7,036
- 2.1%
6,890 5,604 Q3’16 +4.3% 5,847 Q3’15 Q2’16 1,290 1,353 Q2’15
- 4.7%
Q1’15 1,159 1,223 Q1’16 +5.5%
- 6.6%
Q3’15 1,239 1,157 Q3’16 22.1% 19.8% Growth Margin
SLIDE 5
Group Consolidated Financial Highlights
5
SAR Mn
- 28.2%
1,011 YTD Sep’15 1,407 YTD Sep’16 513
- 59.8%
1,276 YTD Sep’15 YTD Sep’16 6.0% 4.7% 7.7% 6.0% 7.5% 5.4% 7.6% 1.5% 6.2% 3.6% 6.8% 2.7%
YoY EBIT YoY Net Profit
285 371
- 23.0%
Q1’15 Q1’16 543 414
- 23.7%
Q2’16 Q2’15 494 311 Q3’16 Q3’16
- 37.0%
Q3’15 Q3’15 8.8% 5.3% 471
- 80.3%
Q1’16 93 Q1’15 434 247
- 43.2%
Q2’16 Q2’15 Q3’16
- 53.3%
Q3’15 372 173 6.6% 3.0% Growth Margin
SLIDE 6
Group Consolidated Revenue Mix by Business
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SAR Mn
47% 53% Revenue YTD Sep'15
Foods Retail
46% 54% Revenue YTD Sep'16
Foods Retail
SLIDE 7
Capital Expenditure by Segment
7
SAR Mn
888 500 347 468 110 YTD Sep 2016
- 26.5%
YTD Sep 2015 989 1,345 21 Panda YoY -43.7% Savola Foods YoY +35.0% Head Office YoY -80.7%
SLIDE 8
Group Consolidated Normalized Net Income Waterfall
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SAR Mn
265 134 91 513 96 826 1,107 1,276 YTD Sep 2016 normalized NI 36 Panda inventory adjustments Panda Egypt losses 24 USD sourcing SFC YTD Sep 2015 reported NI SFC FX impact SFC FX impact Loss from associate 20 Capital gain on sale of Packaging YTD Sep 2015 normalized NI YTD Sep 2016 reported NI 7 Pandati store closures cost
- 25.4%
SLIDE 9
Savola 10
- 1. Group Highlights
- 2. Foods Highlights
- 3. Retail Highlights
- 4. Appendix
Contents
SLIDE 10
Savola Foods Financial Snapshot
SAR Mn
Q3
Sep 2016
YTD
Sep 2016
Revenue
2,717
+6.4% vs LY
8,640
- 4.1% vs YTD
Gross Profit
416
+1.6% vs LY
1,321
- 4.8% vs YTD
EBIT
183
- 6.9% vs LY
613
- 12.0% vs YTD
Net Profit
85
- 23.8% vs LY
276
- 33.6% vs YTD
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SLIDE 11
Savola Foods Financial Highlights
12
YTD Sep’16 YTD Sep’15
- 4.1%
8,640 9,010 YTD Sep’16 1,389 YTD Sep’15
- 4.8%
1,321
SAR Mn
YoY Sales YoY Gross Profit
15.4% 15.3% 14.2% 14.1% 16.0% 16.3% 3,087
- 8.6%
2,820 Q1’15 Q1’16 Q2’15 3,369
- 7.9%
3,103 Q2’16 +6.4% Q3’16 Q3’15 2,554 2,717 439 399 Q1’16 Q1’15
- 9.3%
540 507
- 6.1%
Q2’16 Q2’15 409 416 Q3’15 +1.6% Q3’16 16.0% 15.3% Growth Margin
SLIDE 12
13
SAR Mn
872 791 YTD Sep’15
- 9.3%
YTD Sep’16 417 276
- 33.6%
YTD Sep’15 YTD Sep’16
YoY EBITDA YoY Net Profit
8.9% 8.4% 10.1% 10.2% 9.7% 9.2% 3.1% 2.0% 6.2% 4.4% 4.6% 3.2%
Savola Foods Financial Highlights
275 236 Q1’16
- 14.3%
Q1’15 342 314 Q2’16 Q2’15
- 8.3%
255 241 Q3’15 Q3’16 Q3’16
- 5.2%
95 56 Q1’16 Q1’15
- 40.7%
210 135
- 35.7%
Q2’16 Q2’15 112 85 Q3’16
- 23.8%
Q3’15 10.0% 8.9% 4.4% 3.1% Growth Margin
SLIDE 13
Savola Foods Revenue Breakdown by Category
14
405 429 2,106 2,367 6,499 5,844 YTD Sep’15 YTD Sep’16 9,010
- 4.1%
8,640
SAR Mn
Oil Pasta Sugar
SLIDE 14
Savola Foods Volume Breakdown by Category
15
220 1,057 1,177 1,238 1,114 187 +1.2% YTD Sep’16 2,511 2,482 YTD Sep’15
000 Tonnes
Pasta Sugar Oil
SLIDE 15
Savola Foods Revenue Breakdown by Geography
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22% 19% 8,640 42%
- 4.1%
YTD Sep’16 7% 9,010 2% 4% 3% YTD Sep’15 38% 23% 3% 5% 19% 8% 4%
KSA YoY +6% Egypt YoY -5% Iran YoY -10% Algeria YoY -2% Turkey YoY -8% Morocco YoY +10% Sudan YoY -49%
SAR Mn
SLIDE 16
Savola Foods Volume Breakdown by Geography
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+1.2% 14% 4% 2,511 52% YTD Sep’16 22% 4% 15% 22% 2% YTD Sep’15 2% 2% 2,482 5% 2% 51% 3%
KSA YoY +2% Algeria YoY +15% Iran YoY -5% Turkey YoY -7% Egypt YoY +2% Morocco YoY +11% Sudan YoY -4%
000 Tonnes
SLIDE 17
Savola 18
- 1. Group Highlights
- 2. Foods Highlights
- 3. Retail Highlights
- 4. Appendix
Contents
SLIDE 18
Panda Financial Highlights
SAR m
Q3
Sep 2016
YTD
Sep 2016
Revenue
3,175
+2.7% vs. LY
10,320
+2.5% vs. YTD
Gross Profit
742
- 10.6% vs. LY
2,349
- 0.6% vs. YTD
Net Income
- 131
NA vs. LY
- 233
NA vs. YTD
Store Openings / (closures)
4
O 4 Super C (41) Pandati
16
O 3 C (0) Hyper O 12 C (2) Super O 1 C (101) Pandati
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SLIDE 19
20
YoY Sales
YTD Sep’16 10,320 2.5% YTD Sep’15 10,066 2,364 2,349 YTD Sep’15
- 0.6%
YTD Sep’16
YoY Gross Profit
23.5% 22.8% 22.6% 25.2% 21.5% 20.2%
Panda Financial Highlights
SAR Mn
Q1’15 Q1’16 +2.5% 3,271 3,192 +2.4% Q2’15 3,782 Q2’16 3,874 3,092 Q3’15 Q3’16 +2.7% 3,175 720 824 Q1’16 +14.5% Q1’15 813 782
- 3.8%
Q2’16 Q2’15 830 742 Q3’15
- 10.6%
Q3’16 26.8% 23.4% Growth Margin
SLIDE 20
21
425 160
- 62.4%
YTD Sep’16 YTD Sep’15
YoY EBITDA YoY NI
- 21
18 Q1’16 Q1’15 0.6%
- 0.6 %
1.3%
- 2.1%
1.2%
- 2.3%
4.2% 1.5% 3.5% 3.4% 4.0% 1.3% 118
- 233
YTD Sep’15 YTD Sep’16
Panda Financial Highlights
SAR Mn
Q1’15 +1.7% Q1’16 112 110 51 153
- 66.6%
Q2’15 Q2’16 5.3%
- 0.1%
- 80
48 Q2’15 Q2’16 51 Q3’15
- 131
Q3’16 1.6%
- 4.1%
Growth Margin
- 3
162 Q3’16 Q3’15
SLIDE 21
Number of Stores by Quarter
22
162 152 2015 4 Q1’16 4 Q2’16 2 YTD’16 Closures Q3’16 4
Super
67 64 Closures YTD’16 Q3’16 Q2’16 Q1’16 2015 3
Hyper
282 101 182 YTD’16 Closures Q2’16 Q1’16 1 2015 Q3’16
Pandati
103 498 411 5 4 2015 7 Q2’16 Q3’16 Closures YTD’16 Q1’16
Total
Selling Area 755,986 m2 Selling Area 747,544 m2
Includes 1 store
- pening in Egypt
Includes 1 Hyper in UAE Includes 1 Super in Egypt
SLIDE 22
Savola 23
- 1. Group Highlights
- 2. Foods Highlights
- 3. Retail Highlights
- 4. Appendix
Contents
SLIDE 23
Savola 24
Quarterly Financials – YTD 2016
(all figures are in SAR millions) Revenue Gross Profit EBIT Net Income EBITDA Revenue Gross Profit EBIT Net Income EBITDA Savola Foods Oil-Mature Markets 5,029 975 514 326 582 5,463 1,029 597 415 661 Oil-Start-up Markets* 815 103 35 20 45 1,036 164 78 55 91 Total Oil 5,844 1,078 549 346 626 6,498 1,193 675 470 752 Sugar 2,367 146 12 (104) 98 2,106 108 (24) (86) 59 Pasta 429 98 53 34 67 405 88 45 33 61 Total Foods 8,640 1,321 613 276 791 9,010 1,389 697 417 872 Panda KSA 10,068 2,301 (173) (229) 158 9,837 2,328 156 115 420 Overseas 252 48 (2) (4) 2 229 35 2 2 5 Total Retail 10,320 2,349 (175) (233) 160 10,066 2,364 159 118 425 Real Estate 16 16 16 16 16 16 Herfy 78 78 78 77 77 77 Al Marai 583 583 583 523 523 523 HQ/Elimination/Impairments (200) (104) (208) (79) (212) (1) (63) 127 (312) Total 18,760 3,670 1,011 513 1,549 18,864 3,751 1,407 1,276 1,599 Adjustments Impairments
- Capital gains
- (265)
Adjusted Profit 513 1,011 * Start-up markets include Algeria, Morocco and Sudan Segment Wise Financials YTD- 2016 YTD- 2015
SLIDE 24
Savola 25
Quarterly Financials – Q3 2016
SLIDE 25
www.savola.com
Thank you
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