annual results 2007 13 maart 2008. 2 michel moortgat - ceo daniel krug – coo herbert de loose -...
Post on 15-Jan-2016
217 views
TRANSCRIPT
![Page 1: Annual Results 2007 13 maart 2008. 2 Michel Moortgat - CEO Daniel Krug – COO Herbert De Loose - CFO SPEAKERS](https://reader035.vdocuments.site/reader035/viewer/2022062804/56649d6a5503460f94a48f36/html5/thumbnails/1.jpg)
Annual Results 2007
13 maart 2008
![Page 2: Annual Results 2007 13 maart 2008. 2 Michel Moortgat - CEO Daniel Krug – COO Herbert De Loose - CFO SPEAKERS](https://reader035.vdocuments.site/reader035/viewer/2022062804/56649d6a5503460f94a48f36/html5/thumbnails/2.jpg)
2
•Michel Moortgat - CEO
•Daniel Krug – COO
•Herbert De Loose - CFO
SPEAKERS
![Page 3: Annual Results 2007 13 maart 2008. 2 Michel Moortgat - CEO Daniel Krug – COO Herbert De Loose - CFO SPEAKERS](https://reader035.vdocuments.site/reader035/viewer/2022062804/56649d6a5503460f94a48f36/html5/thumbnails/3.jpg)
3
MISSION STATEMENT
Mission statement
Driven by quality, Duvel Moortgat is a niche player that aims to occupy a leading position in the profitable segments of specialty beers and premium brands…
…both in Belgium and in its priority export markets.
![Page 4: Annual Results 2007 13 maart 2008. 2 Michel Moortgat - CEO Daniel Krug – COO Herbert De Loose - CFO SPEAKERS](https://reader035.vdocuments.site/reader035/viewer/2022062804/56649d6a5503460f94a48f36/html5/thumbnails/4.jpg)
4
Financial year 2007
•Sales
•Investments
•Key figures
•Prospects 2008
AGENDA
![Page 5: Annual Results 2007 13 maart 2008. 2 Michel Moortgat - CEO Daniel Krug – COO Herbert De Loose - CFO SPEAKERS](https://reader035.vdocuments.site/reader035/viewer/2022062804/56649d6a5503460f94a48f36/html5/thumbnails/5.jpg)
5
Financial year 2007
•SalesSales•Investments
•Key figures
•Prospects 2008
AGENDA
![Page 6: Annual Results 2007 13 maart 2008. 2 Michel Moortgat - CEO Daniel Krug – COO Herbert De Loose - CFO SPEAKERS](https://reader035.vdocuments.site/reader035/viewer/2022062804/56649d6a5503460f94a48f36/html5/thumbnails/6.jpg)
6
SALES
45.40948.883
56.088
61.29966.312
74.597
87.452
30000
40000
50000
60000
70000
80000
90000
2001 2002 2003 2004 2005 2006 2007
![Page 7: Annual Results 2007 13 maart 2008. 2 Michel Moortgat - CEO Daniel Krug – COO Herbert De Loose - CFO SPEAKERS](https://reader035.vdocuments.site/reader035/viewer/2022062804/56649d6a5503460f94a48f36/html5/thumbnails/7.jpg)
7
SALES
Turnover increases with 17,2% to € 87,5 million.
10,9% internal growth
Growth of 79% in the last 5 years.
41% of sale has been realised abroad
![Page 8: Annual Results 2007 13 maart 2008. 2 Michel Moortgat - CEO Daniel Krug – COO Herbert De Loose - CFO SPEAKERS](https://reader035.vdocuments.site/reader035/viewer/2022062804/56649d6a5503460f94a48f36/html5/thumbnails/8.jpg)
8
SALES
Sales evolution per Brand
•Duvel + 5,3%
•Maredsous + 16,6%
•Bel Pils + 7,7%
•Vedett + 24,0%
•Bernard + 25,0%
•Ommegang + 50,6%
•Chouffe + 36,3%
![Page 9: Annual Results 2007 13 maart 2008. 2 Michel Moortgat - CEO Daniel Krug – COO Herbert De Loose - CFO SPEAKERS](https://reader035.vdocuments.site/reader035/viewer/2022062804/56649d6a5503460f94a48f36/html5/thumbnails/9.jpg)
9
SALES
Omzet naar producten
56,26%
4,64%
3,45%
3,53%
6,64%
7,13%
3,51%14,83%
Duvel
Maredsous
Bel
Vedett
Bernard
Achouffe
Ommegang
andere
![Page 10: Annual Results 2007 13 maart 2008. 2 Michel Moortgat - CEO Daniel Krug – COO Herbert De Loose - CFO SPEAKERS](https://reader035.vdocuments.site/reader035/viewer/2022062804/56649d6a5503460f94a48f36/html5/thumbnails/10.jpg)
10
SALES
Sales evolution per Market
•Belgium + 9,90%
•The Netherlands + 23,44%
•France + 35,77%
•UK + 12,88%
•US + 32,40%
•Czech Republic + 25,24%
![Page 11: Annual Results 2007 13 maart 2008. 2 Michel Moortgat - CEO Daniel Krug – COO Herbert De Loose - CFO SPEAKERS](https://reader035.vdocuments.site/reader035/viewer/2022062804/56649d6a5503460f94a48f36/html5/thumbnails/11.jpg)
11
SALES
Buitenlandse activiteiten Duvel Moortgat
23,57%
20,50%
19,89%
16,31%10,62%9,11%
USA
Nederland
Frankrijk
Tsjechië
andere landen
UK
![Page 12: Annual Results 2007 13 maart 2008. 2 Michel Moortgat - CEO Daniel Krug – COO Herbert De Loose - CFO SPEAKERS](https://reader035.vdocuments.site/reader035/viewer/2022062804/56649d6a5503460f94a48f36/html5/thumbnails/12.jpg)
12
Financial year 2007
•Sales
•InvestmentsInvestments•Key figures
•Prospects 2008
AGENDA
![Page 13: Annual Results 2007 13 maart 2008. 2 Michel Moortgat - CEO Daniel Krug – COO Herbert De Loose - CFO SPEAKERS](https://reader035.vdocuments.site/reader035/viewer/2022062804/56649d6a5503460f94a48f36/html5/thumbnails/13.jpg)
13
INVESTMENTS
In 2007 for € 21,8 million (2006: € 12,6
million) investments:
• € 8,9 million for new brewhall
• € 3,3 million in purchase and renovation of horeca outlets and company premises
![Page 14: Annual Results 2007 13 maart 2008. 2 Michel Moortgat - CEO Daniel Krug – COO Herbert De Loose - CFO SPEAKERS](https://reader035.vdocuments.site/reader035/viewer/2022062804/56649d6a5503460f94a48f36/html5/thumbnails/14.jpg)
14
INVESTMENTS
In 2007 for € 21,8 million (2006: € 12,6
million) investments:
•€ 4,4 million for cases, bottles and kegs
•€ 1,4 million in CCT’s, fermentation and lagering
![Page 15: Annual Results 2007 13 maart 2008. 2 Michel Moortgat - CEO Daniel Krug – COO Herbert De Loose - CFO SPEAKERS](https://reader035.vdocuments.site/reader035/viewer/2022062804/56649d6a5503460f94a48f36/html5/thumbnails/15.jpg)
15
Financial year 2007
•Sales
•Investments
•Key figuresKey figures•Prospects 2008
AGENDA
![Page 16: Annual Results 2007 13 maart 2008. 2 Michel Moortgat - CEO Daniel Krug – COO Herbert De Loose - CFO SPEAKERS](https://reader035.vdocuments.site/reader035/viewer/2022062804/56649d6a5503460f94a48f36/html5/thumbnails/16.jpg)
16
KEY FIGURES
16.273
17.533
12000
13000
14000
15000
16000
17000
18000
2006 2007
EBIT +7,8%
![Page 17: Annual Results 2007 13 maart 2008. 2 Michel Moortgat - CEO Daniel Krug – COO Herbert De Loose - CFO SPEAKERS](https://reader035.vdocuments.site/reader035/viewer/2022062804/56649d6a5503460f94a48f36/html5/thumbnails/17.jpg)
17
KEY FIGURES
•EBIT without Achouffe rises with 3,5%
•Ebit margin decreases from 21,8% (2006) to 20,00%
•Strongly influenced by high prices of raw materials and energy and higher depreciations
![Page 18: Annual Results 2007 13 maart 2008. 2 Michel Moortgat - CEO Daniel Krug – COO Herbert De Loose - CFO SPEAKERS](https://reader035.vdocuments.site/reader035/viewer/2022062804/56649d6a5503460f94a48f36/html5/thumbnails/18.jpg)
18
KEY FIGURES
16.252
17.216
12000
13000
14000
15000
16000
17000
18000
2006 2007
Ordinary profit before tax
+5,9%
![Page 19: Annual Results 2007 13 maart 2008. 2 Michel Moortgat - CEO Daniel Krug – COO Herbert De Loose - CFO SPEAKERS](https://reader035.vdocuments.site/reader035/viewer/2022062804/56649d6a5503460f94a48f36/html5/thumbnails/19.jpg)
19
KEY FIGURES
•Negative financial result is caused by the recalculation of foreign currencies
•Higher costs of debts, compared to 2006, are partly covered by higher intrest gains
![Page 20: Annual Results 2007 13 maart 2008. 2 Michel Moortgat - CEO Daniel Krug – COO Herbert De Loose - CFO SPEAKERS](https://reader035.vdocuments.site/reader035/viewer/2022062804/56649d6a5503460f94a48f36/html5/thumbnails/20.jpg)
20
KEY FIGURES
10.692
11.828
8000
8500
9000
9500
10000
10500
11000
11500
12000
2006 2007
Net profit
+10,6%
![Page 21: Annual Results 2007 13 maart 2008. 2 Michel Moortgat - CEO Daniel Krug – COO Herbert De Loose - CFO SPEAKERS](https://reader035.vdocuments.site/reader035/viewer/2022062804/56649d6a5503460f94a48f36/html5/thumbnails/21.jpg)
22
KEY FIGURES
24.340
26.176
19000
23000
27000
2006 2007
EBITDA+7,5%
![Page 22: Annual Results 2007 13 maart 2008. 2 Michel Moortgat - CEO Daniel Krug – COO Herbert De Loose - CFO SPEAKERS](https://reader035.vdocuments.site/reader035/viewer/2022062804/56649d6a5503460f94a48f36/html5/thumbnails/22.jpg)
23
KEY FIGURES
18.760
21.587
15000
20000
25000
2006 2007
Cash Flow+15.07 %
![Page 23: Annual Results 2007 13 maart 2008. 2 Michel Moortgat - CEO Daniel Krug – COO Herbert De Loose - CFO SPEAKERS](https://reader035.vdocuments.site/reader035/viewer/2022062804/56649d6a5503460f94a48f36/html5/thumbnails/23.jpg)
24
KEY FIGURES
Key figures per share:
2006 2007
Nominal number of shares
5.362.030 5.366.030
Ordinary profit before tax
3,03 3,22
Group share of profits 1,99 2,20
Cash flow 3,50 4,05
Gross dividend 0,72 0,80
![Page 24: Annual Results 2007 13 maart 2008. 2 Michel Moortgat - CEO Daniel Krug – COO Herbert De Loose - CFO SPEAKERS](https://reader035.vdocuments.site/reader035/viewer/2022062804/56649d6a5503460f94a48f36/html5/thumbnails/24.jpg)
25
KEY FIGURES
Changes in the scope of consolidation:
• Duvel Moortgat Shangai Ltd
• Duvel Moortgat Hong Kong Ltd
![Page 25: Annual Results 2007 13 maart 2008. 2 Michel Moortgat - CEO Daniel Krug – COO Herbert De Loose - CFO SPEAKERS](https://reader035.vdocuments.site/reader035/viewer/2022062804/56649d6a5503460f94a48f36/html5/thumbnails/25.jpg)
26
Financial year 2007
•Sales
•Investments
•Key figures
•Prospects 2008Prospects 2008
AGENDA
![Page 26: Annual Results 2007 13 maart 2008. 2 Michel Moortgat - CEO Daniel Krug – COO Herbert De Loose - CFO SPEAKERS](https://reader035.vdocuments.site/reader035/viewer/2022062804/56649d6a5503460f94a48f36/html5/thumbnails/26.jpg)
27
PROSPECTS
€ 15 million various investments in 2008:
•The completion of ecological investments started in 2007
•Extension of the fermentation and lagering capacity (6CCT’s) in Puurs
•Czech Republic: construction of new adminitrative building
![Page 27: Annual Results 2007 13 maart 2008. 2 Michel Moortgat - CEO Daniel Krug – COO Herbert De Loose - CFO SPEAKERS](https://reader035.vdocuments.site/reader035/viewer/2022062804/56649d6a5503460f94a48f36/html5/thumbnails/27.jpg)
28
PROSPECTS
€ 15 million various investments in 2008 :
•Czech Republic & US: increase of the fermentation and lagering capacity
![Page 28: Annual Results 2007 13 maart 2008. 2 Michel Moortgat - CEO Daniel Krug – COO Herbert De Loose - CFO SPEAKERS](https://reader035.vdocuments.site/reader035/viewer/2022062804/56649d6a5503460f94a48f36/html5/thumbnails/28.jpg)
29
PROSPECTS
Expensive raw materials will keep presure on the margins in 2008
![Page 29: Annual Results 2007 13 maart 2008. 2 Michel Moortgat - CEO Daniel Krug – COO Herbert De Loose - CFO SPEAKERS](https://reader035.vdocuments.site/reader035/viewer/2022062804/56649d6a5503460f94a48f36/html5/thumbnails/29.jpg)
30
PROSPECTS
Brouwerij Liefmans:
•From 20/02/2008 onwards temporary licence to run the business.
•Bid to take over an important part of the assets of Liefmans.
![Page 30: Annual Results 2007 13 maart 2008. 2 Michel Moortgat - CEO Daniel Krug – COO Herbert De Loose - CFO SPEAKERS](https://reader035.vdocuments.site/reader035/viewer/2022062804/56649d6a5503460f94a48f36/html5/thumbnails/30.jpg)
31
PROSPECTS
•Ambition is to realize a growth in turnover of 10%
•and a growth of EBITDA of 8 to
10%
![Page 31: Annual Results 2007 13 maart 2008. 2 Michel Moortgat - CEO Daniel Krug – COO Herbert De Loose - CFO SPEAKERS](https://reader035.vdocuments.site/reader035/viewer/2022062804/56649d6a5503460f94a48f36/html5/thumbnails/31.jpg)
32
PROSPECTS
QUESTIONS
&
ANSWERS
![Page 32: Annual Results 2007 13 maart 2008. 2 Michel Moortgat - CEO Daniel Krug – COO Herbert De Loose - CFO SPEAKERS](https://reader035.vdocuments.site/reader035/viewer/2022062804/56649d6a5503460f94a48f36/html5/thumbnails/32.jpg)
33
PROSPECTS
QUESTIONS
&
ANSWERS