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URC: Margins sustained despite tepid topline
growth
Q1 Q2 Q3 Q4
1H FY15 1H FY16 1H FY15 1H FY16 FY15 FY16
16.3%
16.2% 16.2%
15.9% 15.7%
Q1 Q2 Q3 Q4
1H FY15 1H FY16 FY15 FY16
13.0
+15%
12.0
11.0
10.0
1H FY15 1H FY16 Q1 Q2 Q3 Q4 April
*Sales and EBIT are in Billion Pesos
**Growth: vs. SPLY
***Excluding Packaging
BCF PH: Maintained market shares in a very
competitive coffee category
TOTAL COFFEE MARKET SPLIT and GROWTH RATE MARKET SHARES ON COFFEE MIXES
VS. LAST
MAT VS.SPLY EXIT
MONTH
Instant Coffee
19% URC 30.6% +9% 31.7% +4%
-5%
Company 1 36.7% +1% 38.8% 0%
Coffee Mixes
81% Company 2 28.7% +17% 26.7% -4%
+7%
*Value Market Shares Based on Nielsen Data Moving Annual Total (MAT) and Latest Reading Mar 2016 (Exit) 6
BCF INTL: Margins trending higher despite continued
challenges in macro and forex
+28% 10.9%
1H RESULTS
IN LCY
Vietnam +9%
Thailand -1%
Indonesia +25%
Malaysia +10%
New Zealand*** -3%
1H FY15 1H FY16
*Sales and EBIT are in Billion Pesos
**Growth: vs. SPLY 7
***New Zealand (Grifffins) full 1H sales
BCF INTL: Key updates on our major markets
THAILAND INDONESIA
Modern Trade continues to
drive the business.
Growth coming across all
categories; Piattos +20%
New Factory (Plant 6) completed. and Cloud 9 +32%.
Ongoing installation of production lines for
wafers and biscuits for local and regional
requirements.
CFG
Flour was flat due to lower
AIG
0% average selling prices offset by
better sales volume.
1H FY15 1H FY16
AGRO-INDUSTRIAL GROUP
(AIG)
EBIT Negative performance on
-5% Farms as a result of lower
selling prices of hogs due to
+10%
the oversupply of imported
frozen meat cuts.
-60% Feeds grew driven by higher
1H FY15 1H FY16 sales volume.
*Sales and EBIT are in Billion Pesos
**Growth: vs. SPLY 9
Maintained healthy cash position
Cash and Financial Debt Net debt position of Php 13.5B due
27.3 to the long term debt from Griffins
acquisition
21.6
18.7
CAPEX disbursements of Php 4.7B
8.1
Cash Position
12.0 4.7
7.0
0.8 10.1
18.3
2.4
6.9
Cash FY15 EBITDA CAPEX Dividends Working Capital LT Debt Repayment Others Cash 1H FY16
10
Outlook and Guidance
OUTLOOK
Challenges will continue to remain with El Nino intensifying and its
effects will linger at least in the next twelve months
Expect tougher competitive environment across markets and in our key
categories beyond coffee
With stabilizing FOREX, soft commodity prices will continue to creep up
PLANS
Continue to strengthen portfolio with exciting new products, price
points and value for money offerings
Expand distribution and availability of our brands
Continue to scale up affordable premium products from our JVs and
progressively introduce Griffins
Non-BCF business will continue to contribute robust profitability
12
Balance Sheet
(Php Millions) 1H FY16 FY15
Cash & cash equivalents 8,046 18,700
(including Financial assets at FVPL)
13
Divisional Financials
14
Value Market Shares
Philippines Thailand
CATEGORY MARKET SHARE #1 #2 #3 CATEGORY MARKET SHARE #1 #2 #3
Snacks 37.1% URC 22.6% 6.4% Biscuits 24.9% URC 9.3% 8.4%
Canned Beans 82.3% URC 7.6% 4.5% Energy Drink 5.4% 39.1% 24.3% 24.1%
AC Nielsen, Value, MAT: Snacks-Feb 2016, Candies-Mar 2016, Chocolates, Biscuits-Jan 2016, Canned Beans- April 2014, RTD Tea- Dec 2015, Coffee- Mar 2016
URC Thailand: Biscuits, Wafers- Mar 2016, URC Vietnam: RTD Tea, Energy Drink-Mar 2016
Sweet Biscuits: MAT to 03/04/2016-New Zealand Grocery 15