Q1 2016 Earnings Presentation
Q1 2016 Earnings Presentation
1
Group Highlights
Group Highlights All numbers are in SAR million unless specified
Revenue
Q 1
Gross Profit
EBIT
Net Income
6,023
1,223
285
93
-3.2% vs.LY
+5.5% vs. LY
-23.0% vs. LY
-80.3% vs. LY
3
Group Highlights – One offs Q1 2016: – Share of loss from associate (SAR 20.4 mln) Q4 2015: – Capital gain from sale of land (SAR 39 mln) – Insurance claim settlement due to the fire in raw sugar warehouse in 2013 (SAR 94.2 mln) Q1 2015: – Capital gain from the sale of packaging business (SAR 265 mln)
4
Group Financial Highlights All numbers are in SAR million unless specified
YoY Sales
YoY Gross Profit
-3.2%
6,224
+5.5%
6,023
Q1`15
Q1`16
YoY EBIT
1,159
1,223
Q1`15
Q1`16
18.6%
20.3%
YoY Net Operating Income
-23.0%
371
-54.8%
285
206 93
Margin
Q1`15
Q1`16
6.2%
4.7%
Growth
Q1`15
3.3%
Q1`16
1.5% 5
Revenue Mix by Business FY 2016 All numbers are in SAR million unless specified
Revenue YTD 2015
Revenue YTD 2016
49% 51%
Foods
Retail
3,092
46%
Foods
54%
Retail
6
Capital Expenditure By Segment All numbers are in SAR million unless specified
+33.6%
-33.5%
163
364
122
242
YTD 2015
YTD 2016
Foods
YTD 2015
YTD 2016
Retail 7
Foods Highlights
Foods Highlights All numbers are in SAR million unless specified
Revenue
Q 1
Gross Profit
Net Income
Volume (‘000MT)
2,820
399
56
850
-8.6% vs.LY
-9.3% vs. LY
-40.7% vs. LY
+4.4% vs. LY
9
Foods Financial Highlights All numbers are in SAR million unless specified
YoY Sales
YoY Gross Profit
-8.6%
3,087
-9.3%
2,820
Q1`15
Q1`16
YoY EBITDA
439
399
Q1`15
Q1`16
14.2%
YoY Net Income
-14.3%
275
Margin
-40.7%
236
95
Q1`15
Q1`16
Q1`15
8.9%
8.4%
Growth
14.1%
3.1%
56 Q1`16
2.0% 10
Revenue Breakdown By Category All numbers are in SAR million unless specified
-8.6% 3,087 4% 22%
2,820 5%
26%
Pasta YoY +14% Sugar YoY +8% Oil YoY -15%
74% 69%
YTD 2015
YTD 2016
11
Volume Breakdown By Category Thousand tonnes unless specified otherwise
+4.4% 814 7%
850 8%
41%
45%
53%
47%
YTD 2015
YTD 2016
Pasta YoY +23% Sugar YoY +16% Oil YoY -7%
13
Volume Breakdown By Geography Thousand tonnes unless specified otherwise
850
814 3% 5%
2% 2%
3% 4%
2% 15%
17%
21% 21%
49%
51%
YTD 2015
YTD 2016
2%
Morocco YoY +6% Algeria YoY +14% Sudan YoY -4% Turkey YoY -5% Iran YoY -8% Egypt YoY +6% KSA YoY +9%
14
Retail Highlights
Retail Highlights All numbers are in SAR million unless specified
Revenue
Q 1
Gross Profit
Net Income
Stores Openings
3,271
824
-21
5
+2.5% vs.LY
+14.5% vs. LY
NA vs. LY
0 hypermarket 4 supermarkets 1 Pandati
16
Retail Financial Highlights All numbers are in SAR million unless specified
YoY Sales
YoY Gross Profit
+2.5%
3,271
3,192
Q1`15
Q1`16
YoY EBITDA
+14.4%
720
824
Q1`15
Q1`16
22.6%
25.2%
YoY Net Income
+1.8%
110
112
-216.7%
18 -21
Q1`15
3.5% Margin
Growth
Q1`16
Q1`15
3.4%
0.6%
Q1`16
-0.6% 18
Number of Stores and Selling Area Super 152
Hyper 2
4
154 64
2015
Openings
Closures
YTD’16
Pandati
2015
2015
1
Openings
0
Openings
Closures
Total
Selling Area 747,544 m2
498 282
0
51
232
Closures
YTD’16
2015
64
YTD’16 Selling Area 742,113 m2
5
53
450
Openings
Closures
YTD’16
19
Appendix
Quarterly Financials – Q1 (all figures are in SAR millions) Segment Wise Financials Q1- 2016 Revenue Food Oil-Mature Markets Oil-Start-up Markets* Total Oil
Gross Profit
1,675 273 1,949
292 39 331
Sugar
733
37
Pasta
138
Total Foods Retail KSA Overseas Total Retail Real Estate Herfy Al Marai-Savola Share HQ/Elimination/Impairments Total
Q1- 2015
EBIT
Net Income
Revenue
Gross Profit
EBIT
Net Income
EBITDA
107 9 117
175 18 193
1,930 354 2,284
331 66 396
198 33 231
119 25 144
(3)
(67)
24
682
21
(24)
(52)
4
31
13
6
18
121
22
9
3
15
2,820
399
177
56
236
3,087
439
217
95
275
3,191 80 3,271
810 15 824
2 (1) 1
(16) (5) (21)
112 (0) 112
3,118 75 3,192
709 11 720
30 2 31
17 2 18
108 3 110
0 0 0 0
16 28 112 (48)
16 28 112 (98)
16 28 112 (48)
4 29 112 (23)
4 29 112 212
4 29 112 (19)
285
93
456
371
471
511
0 0 0 (68) 6,023
Adjustments Impairments Capital gains Adjusted Profit
1,223
153 14 168
EBITDA
-
0 0 0 (55) 6,224
0 0 0 (0) 1,159
219 37 256
(265) 93
206
* Start-up markets include Algeria, Morocco and Sudan
21
1
Group Highlights
Group Highlights All numbers are in SAR million unless specified
Revenue
Q 1
Gross Profit
EBIT
Net Income
6,023
1,223
285
93
-3.2% vs.LY
+5.5% vs. LY
-23.0% vs. LY
-80.3% vs. LY
3
Group Highlights – One offs Q1 2016: – Share of loss from associate (SAR 20.4 mln) Q4 2015: – Capital gain from sale of land (SAR 39 mln) – Insurance claim settlement due to the fire in raw sugar warehouse in 2013 (SAR 94.2 mln) Q1 2015: – Capital gain from the sale of packaging business (SAR 265 mln)
4
Group Financial Highlights All numbers are in SAR million unless specified
YoY Sales
YoY Gross Profit
-3.2%
6,224
+5.5%
6,023
Q1`15
Q1`16
YoY EBIT
1,159
1,223
Q1`15
Q1`16
18.6%
20.3%
YoY Net Operating Income
-23.0%
371
-54.8%
285
206 93
Margin
Q1`15
Q1`16
6.2%
4.7%
Growth
Q1`15
3.3%
Q1`16
1.5% 5
Revenue Mix by Business FY 2016 All numbers are in SAR million unless specified
Revenue YTD 2015
Revenue YTD 2016
49% 51%
Foods
Retail
3,092
46%
Foods
54%
Retail
6
Capital Expenditure By Segment All numbers are in SAR million unless specified
+33.6%
-33.5%
163
364
122
242
YTD 2015
YTD 2016
Foods
YTD 2015
YTD 2016
Retail 7
Foods Highlights
Foods Highlights All numbers are in SAR million unless specified
Revenue
Q 1
Gross Profit
Net Income
Volume (‘000MT)
2,820
399
56
850
-8.6% vs.LY
-9.3% vs. LY
-40.7% vs. LY
+4.4% vs. LY
9
Foods Financial Highlights All numbers are in SAR million unless specified
YoY Sales
YoY Gross Profit
-8.6%
3,087
-9.3%
2,820
Q1`15
Q1`16
YoY EBITDA
439
399
Q1`15
Q1`16
14.2%
YoY Net Income
-14.3%
275
Margin
-40.7%
236
95
Q1`15
Q1`16
Q1`15
8.9%
8.4%
Growth
14.1%
3.1%
56 Q1`16
2.0% 10
Revenue Breakdown By Category All numbers are in SAR million unless specified
-8.6% 3,087 4% 22%
2,820 5%
26%
Pasta YoY +14% Sugar YoY +8% Oil YoY -15%
74% 69%
YTD 2015
YTD 2016
11
Volume Breakdown By Category Thousand tonnes unless specified otherwise
+4.4% 814 7%
850 8%
41%
45%
53%
47%
YTD 2015
YTD 2016
Pasta YoY +23% Sugar YoY +16% Oil YoY -7%
13
Volume Breakdown By Geography Thousand tonnes unless specified otherwise
850
814 3% 5%
2% 2%
3% 4%
2% 15%
17%
21% 21%
49%
51%
YTD 2015
YTD 2016
2%
Morocco YoY +6% Algeria YoY +14% Sudan YoY -4% Turkey YoY -5% Iran YoY -8% Egypt YoY +6% KSA YoY +9%
14
Retail Highlights
Retail Highlights All numbers are in SAR million unless specified
Revenue
Q 1
Gross Profit
Net Income
Stores Openings
3,271
824
-21
5
+2.5% vs.LY
+14.5% vs. LY
NA vs. LY
0 hypermarket 4 supermarkets 1 Pandati
16
Retail Financial Highlights All numbers are in SAR million unless specified
YoY Sales
YoY Gross Profit
+2.5%
3,271
3,192
Q1`15
Q1`16
YoY EBITDA
+14.4%
720
824
Q1`15
Q1`16
22.6%
25.2%
YoY Net Income
+1.8%
110
112
-216.7%
18 -21
Q1`15
3.5% Margin
Growth
Q1`16
Q1`15
3.4%
0.6%
Q1`16
-0.6% 18
Number of Stores and Selling Area Super 152
Hyper 2
4
154 64
2015
Openings
Closures
YTD’16
Pandati
2015
2015
1
Openings
0
Openings
Closures
Total
Selling Area 747,544 m2
498 282
0
51
232
Closures
YTD’16
2015
64
YTD’16 Selling Area 742,113 m2
5
53
450
Openings
Closures
YTD’16
19
Appendix
Quarterly Financials – Q1 (all figures are in SAR millions) Segment Wise Financials Q1- 2016 Revenue Food Oil-Mature Markets Oil-Start-up Markets* Total Oil
Gross Profit
1,675 273 1,949
292 39 331
Sugar
733
37
Pasta
138
Total Foods Retail KSA Overseas Total Retail Real Estate Herfy Al Marai-Savola Share HQ/Elimination/Impairments Total
Q1- 2015
EBIT
Net Income
Revenue
Gross Profit
EBIT
Net Income
EBITDA
107 9 117
175 18 193
1,930 354 2,284
331 66 396
198 33 231
119 25 144
(3)
(67)
24
682
21
(24)
(52)
4
31
13
6
18
121
22
9
3
15
2,820
399
177
56
236
3,087
439
217
95
275
3,191 80 3,271
810 15 824
2 (1) 1
(16) (5) (21)
112 (0) 112
3,118 75 3,192
709 11 720
30 2 31
17 2 18
108 3 110
0 0 0 0
16 28 112 (48)
16 28 112 (98)
16 28 112 (48)
4 29 112 (23)
4 29 112 212
4 29 112 (19)
285
93
456
371
471
511
0 0 0 (68) 6,023
Adjustments Impairments Capital gains Adjusted Profit
1,223
153 14 168
EBITDA
-
0 0 0 (55) 6,224
0 0 0 (0) 1,159
219 37 256
(265) 93
206
* Start-up markets include Algeria, Morocco and Sudan
21
