investor presentation q4 and fy 2015 · q3`14 q3`15 1,303 fy 2014 1,267 +2.8% fy 2015 yoy ebitda...

Investor Presentation Q4 and FY 2015

Group Highlights

Group Highlights

6,616-3.6% vs.LY

26,461-0.5% vs. LY

1,306-4.6% vs. LY

5,122+5.3% vs. LY

531-12.1% vs. LY

1,982-19.2% vs. LY

515+18.6% vs. LY

1,792-13.5% vs.LY

Y

T

D

Q

4

EBIT Net IncomeGross ProfitRevenue

All numbers are in SAR million unless specified

Group Highlights – One offs

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)

Q4 2014:

Packaging income LY (SAR 13 mln)

Impairment provision on private equity investments (SAR 67 mln)

Q3 2014:

Packaging income LY (SAR 14 mln)

Adjustment to the gain from disposal of Kazakhstan business last year (SAR 5 mln)

Capital gain from selling stake in Diyar Al Mashriq (SAR 187.5 mln)

Extraordinary profit from real estate LY (SAR amount 71 mln)

Q2 2014:

Packaging income last year (SAR 18 mln)

Gain from disposal of Kazakhstan business last year (SAR 17 mln)

Dividends received from a private equity investment (SAR 46 mln)

Diyar Al Mashriq share of profit last year (SAR 17 mln)

Q1 2014:

Packaging income last year (SAR 5 mln)

Extraordinary profit from real estate last year (SAR 112 mln)

Diyar Al Mashriq share of loss (SAR 1.5 mln)

YoY Sales

Group Financial Highlights

+4.9%

6,241

Q1`15

6,547

Q1`14

7,337

Q2`14

+1.1%

7,421

Q2`15

-4.4%

Q3`15

5,8776,150

Q3`14

26,461

FY 2014 FY 2015

26,588

-0.5%

+8.1%

Q1`15

1,182

Q1`14

1,093 1,251

Q2`14

+9.7%

Q2`15

1,372

+9.7%

Q3`15

1,263

Q3`14

1,151

+5.3%

FY 2015

5,122

FY 2014

4,864

YoY Gross Profit

Growth


-3.6%

Q4`15

6,6166,860

Q4`14

Q4`15

-4.6%

1,306

Q4`14

1,369

17.5% 18.0% 17.1% 18.5% 18.7% 21.5% 20.0% 19.7% 18.3% 19.4%

Margin

-27.3%

531 386

Q1`14 Q1`15 Q2`15

-17.4%

Q2`14

554671

Q3`15

511

Q3`14

-21.1%

648

FY 2014

2,455

-19.2%

FY 2015

1,982

YoY EBIT

Group Financial Highlights

+11.3%

Q1`15

471

Q1`14

423 434

Q2`15Q2`14

513

-15.4%

701

Q3`14

-46.9%

Q3`15

372

FY 2015

1,792

FY 2014

-13.5%

2,072

YoY NI

Growth


531

-12.1%

Q4`15Q4`14

605

Q4`15Q4`14

434 515

+18.6%

Revenue Mix by Business FY 2015

3,092


54%

46%

RevenueFY 2014

Foods Retail

49%51%

RevenueFY 2015

Foods Retail

Capital Expenditure By SegmentAll numbers are in SAR million unless specified

605

403

FY 2015FY 2014

+50.3%

1,1481,333

FY 2015FY 2014

-13.9%

Foods Retail

Foods Highlights

Foods Highlights

3,222-12.3% vs.LY

13,213-9.4% vs. LY

423-19.6% vs. LY

1,877-5.3% vs. LY

271+105.3% vs. LY

687+12.6% vs. LY

1,007-0.2% vs. LY

4,026+1.3% vs.LY

Y

T

D

Q

4

Net Income Volume

(‘000MT)Gross ProfitRevenue


YoY Sales

Foods Financial Highlights

3,4103,464

Q1`15

-1.6%

Q1`14

3,7544,120

-8.9%

Q2`15Q2`14

-15.3%

Q3`15

2,8273,337

Q3`14

-9.4%

FY 2015

13,213

FY 2014

14,592

+3.6%

Q1`15Q1`14

462446

Q2`14

583

-4.1%

Q2`15

559 427

Q3`15Q3`14

433

+1.5% 1,981

FY 2015

-5.3%

1,877

FY 2014

YoY Gross Profit

Growth


-12.3%

Q4`15

3,2223,672

Q4`14

526

-19.6%

Q4`15

423

Q4`14

12.9% 13.5% 14.1% 14.9% 12.8% 15.3% 14.3% 13.1% 13.6% 14.2%

Margin

Q1`15

298

Q1`14

299

-0.3%

Q2`14

361410

-12.0%

Q2`15

-0.4%

278279

Q3`14 Q3`15

1,303

FY 2014

1,267

+2.8%

FY 2015

YoY EBITDA

Foods Financial Highlights

95

-41.4%

Q1`15

162

Q1`14 Q2`15

207

+1.4%

210

Q2`14

+2.8%

109

Q3`15

112

Q3`14

687610

+12.6%

FY 2014 FY 2015

YoY NI

Growth


+31.7%

278 366

Q4`15Q4`14

Q4`15

271

+105.3%

Q4`14

132

Revenue Breakdown By Category

5%

FY 2014 FY 2015

86%

41%

13,213

44%

14,592

86%

5%

-9%

Oil

YoY -8%

SugarYoY -14%

Pasta

YoY +5%


Volume Breakdown By Category

FY 2015FY 2014

4,026

54%

40%

6%

+1%

5%

3,974

39%

55%

Pasta

YoY +10%

Sugar

YoY -1%

Oil

YoY +4%

Thousand tonnes unless specified otherwise

Volume Breakdown By Geography

2%

43%

2%

34%

14%

4%2%

FY 2014

3,974

2%3%

4,026

42%

35%

4%

FY 2015

13%

+1%

2% Morocco

YoY +16%

Algeria

YoY +9%

KSA

YoY 0%

Egypt

YoY +5%

Iran

YoY -6%

Turkey

YoY 0%

Sudan

YoY +18%

Thousand tonnes unless specified otherwise

Retail Highlights

Retail Highlights

3,468+7.2% vs.LY

13,534+10.9% vs. LY

882+5.5% vs. LY

3,245+12.8% vs. LY

29-86.0% vs. LY

146-70.9% vs. LY

281 hypermarket

7 supermarkets20 Pandati

1674 Hyper

21 Super142 Pandati

Y

T

D

Q

4

Net Income Stores

OpeningsGross ProfitRevenue


YoY Sales

Retail Financial Highlights

Q1`15

3,1922,818

+13.3%

Q1`14 Q2`14

+15.2%

Q2`15

3,7823,283

Q3`15Q3`14

+7.8%

3,0922,868

FY`14

+10.9%

FY `15

13,53412,204

+11.3%

648

Q1`15

721

Q1`14 Q2`15Q2`14

+21.4%

813670

Q3`15

+14.2%

726 829

Q3`14 FY `14

2,877

+12.8%

FY `15

3,245

YoY Gross Profit

Growth


Q4`15

3,235 3,468

Q4`14

+7.2%

Q3`15

+5.5%

882

Q3`14

836

23.0% 22.6% 20.4% 21.5% 25.3% 26.8% 25.8% 25.4% 23.6% 24.0%

Margin

110

-25.7%

Q1`15

148

Q1`14

+0.7%

Q2`15Q2`14

152 153

Q3`14

233

Q3`15

-29.6%

164

-31.6%

FY’15

564824

FY’14

YoY EBITDA

Retail Financial Highlights

72

18

-75.0%

Q1`15Q1`14

4874

-35.1%

Q2`14 Q2`15

51

-66.0%

Q3`15Q3`14

150

-70.9%

FY `14 FY `15

503

146

YoY NI

Growth


Q4`15Q4`14

-52.5%

138291

29

-86.0%

206

Q4`14 Q4`15

Number of Stores and Selling Area

21

152

131

Closures YTD’15

0

20152014

6460

Closures YTD’152015

4

2014

0

142

282

155

YTD’15Closures2014

15

2015

167

498

346

YTD’15Closures

15

20152014

TotalSelling Area

747,544 m2

Selling Area

654,908 m2

Super Hyper

Pandati

Number of Stores – By Quarter

152

131

Q1’15 Closures

0

2014

4

YTD’15Q4’15

7

Q3’15Q2’15

46

Super

6460

Closures YTD’15Q3’15

0 1

Q4’15

1

Q1’15

2

Q2’152014

Hyper

53

48

282

155

Closures

1521

Q1’15 Q2’15 YTD’15

20

Q4’152014 Q3’15

Pandati

5955

498

346

YTD’15Closures

2825

Q2’15Q1’15 Q3’15

15

Q4’152014

TotalSelling Area

747,544 m2

Selling Area

654,908 m2

* All closures occurred during Q4 2015

Appendix

Annual Financials

(all figures are in SAR millions)

Revenue Gross Profit EBIT Net Income EBITDA Revenue Gross Profit EBIT Net Income EBITDA

Food

Oil-Mature Markets 7,122 1,323 731 560 817 7,883 1,339 707 474 794

Oil-Start-up Markets* 1,461 224 112 73 129 1,458 229 97 79 116

Total Oil 8,583 1,547 843 633 945 9,341 1,568 804 553 910

Sugar 4,102 214 142 13 281 4,751 334 159 20 297

Pasta 527 116 59 40 77 500 79 42 37 60

Total Foods 13,213 1,877 1,044 687 1,303 14,592 1,981 1,005 610 1,267

Retail

KSA 13,211 3,184 193 145 558 11,893 2,831 530 495 813

Overseas 323 61 2 1 6 312 46 8 8 11

Total Retail 13,534 3,245 195 146 564 12,204 2,877 538 503 824

Real Estate 0 0 20 20 20 0 0 226 226 226

Discontinued Operation 0 0 0 0 0 0 0 0 50 0

Herfy 0 0 101 101 101 0 0 103 103 103

Al Marai-Savola Share 0 0 698 698 698 0 0 611 611 611

HQ/Elimination/Impairments (286) 0 (75) 140 (360) (208) 6 (27) (30) 52

Total 26,461 5,122 1,982 1,792 2,326 26,588 4,864 2,455 2,072 3,082

Adjustments

Impairments - 67

Capital gains (304) (209)

Adjusted Profit 1,488 1,931

Segment Wise Financials

FY- 2015 FY- 2014

Quarterly Financials – Q4

(all figures are in SAR millions)

Revenue Gross Profit EBIT Net Income EBITDA Revenue Gross Profit EBIT Net Income EBITDA

Food

Oil-Mature Markets 1,660 294 134 146 156 2,037 347 111 56 133

Oil-Start-up Markets* 425 60 33 18 38 366 50 21 24 25

Total Oil 2,085 354 167 164 194 2,403 397 132 80 158

Sugar 1,015 41 122 99 157 1,152 106 66 41 102

Pasta 122 28 14 8 16 116 23 14 11 18

Total Foods 3,222 423 303 271 366 3,672 526 212 132 278

Retail

KSA 3,374 856 36 30 138 3,157 824 212 204 287

Overseas 93 26 (0) (1) 1 77 12 3 3 4

Total Retail 3,468 882 36 29 138 3,235 836 215 206 291

Real Estate 0 0 4 4 4 0 0 5 5 5

Discontinued Operation 0 0 0 0 0 0 0 0 13 0

Herfy 0 0 24 24 24 0 0 29 29 29

Al Marai-Savola Share 0 0 175 175 175 0 0 155 155 155

HQ/Elimination/Impairments (74) 1 (11) 12 (47) (46) 6 (11) (106) 61

Total 6,616 1,306 531 515 661 6,860 1,369 605 434 820

Adjustments

Impairments - 67

Capital gains (39) -

Adjusted Profit 476 502

Segment Wise Financials

Q4- 2015 Q4- 2014

investor presentation q4 and fy 2015 · q3`14 q3`15 1,303 fy 2014 1,267 +2.8% fy 2015 yoy ebitda...

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