presentation to agm 27 july 2011
TRANSCRIPT
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8/6/2019 Presentation to Agm 27 July 2011
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932
1142
1318
1670
0
200
400
600
800
10001200
1400
1600
1800
F09 F10 F11 F12
Accelerating Volume Growth
22.5%
15%
27%
000hls
Highlight
Strongest First
Quarter Volumes
Since Dollarization
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QUARTERLY TOTAL BEVERAGE VOLUME TRENDS
F09-F12
932
1142
1318
1670
380
1264
1459
511
1387
1623
696
1239
1383
0
200
400
600
800
1000
1200
1400
1600
1800
F09 F10 F11 F12
QTR1 QTR2 QTR3 QTR4
Elections
Dollarization
000hls000hls Twin Peaks
Phenomenon
Emerging
+27% to Pr. Yr
+2,8% to
Qtr 3 F11
+20,6% to last
Qtr to March
F12 Qtr 1
Growth Stats
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% Growthin Qtr 1 Lager Beer
SorghumBeer
SparklingBeverages Maheu
PlasticPackaging
Vs. Pr. Yr. 28% 17% 45% 182% 30%
Vs. Budget 16% 11% 6% 22% 17%
Comments:
Volumes Performance running ahead of Expectations across the board. Strongbroad underlying demand
Strong Sorghum Beer Turnaround Capacity Constraints held back Sparkling Volumes
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REVENUE GROWTH QTR 1 F12
101
144
0
20
40
60
80
100
120
140
160
QTR 1 F11 QTR 1 F12
42%
APRIL $50M +36%
MAY $47M +44%
JUNE $47M +43%
$M
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ACTUALGROWTH
ON PR. YR
Volumes (hls)
Lager Beer
Sorghum Beer Soft Drinks
Maheu
460 000
852 000333 000
25 000
+28%
+17%+45%
+182%
Total Beverages 1 670 000 +27%
Sales
EBIT
$144m
$17,7m
+42%
+44%
EBIT Margin 17,14% 16,74%
Attributable Earnings $12,8m +45%
EBITDA $22,7m +45%
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1. Afdis is in close period so I will not comment save to say
that they are in recovery mode.
2. Schweppes Zimbabwe Limited volumes for the 6 monthsto June are 18% ahead of prior year. Volumes were
constrained by juice shortages.
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1. Recapitalization
Installation of new 42 000 bottles per hour Sparkling
Beverages line (US$13m) at Graniteside Plant. Expected to
commence production next month just ahead of Heroes
Holidays.
New $4m Maheu plant under construction at Aspindale.Expected to be in full production by end of September.
New Beer Packaging Line Planned for Southerton Plant by
July/August 2012 - ahead of Summer peak demand.
2. New Product Launches
Launch of the new packaging for clear beer in 3 weeks
time .
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3. Supply Chain Update
Strong drive underway to localize suppliers.
Collaborating with suppliers to achieve this provided
import parity benchmarks are met with regard to Price
Quality and Reliability of supply. This revives local
industry and pre-empts future supply bottlenecks.
Barley supplies are secure contracted for over 5 000
hectares this season.
Utilities a big issue but we are investing to achieve
dedicated Zesa supplies at key production facilities.
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Despite the unusually cold weather volumes were strong except
for Soft Drinks which are the most sensitive to the cold spell
Beverage Category
Lager Beer
Sorghum Beer
Sparkling Beverages
Maheu
Total Beverages
Growth on Prior Year
+35%
+13%
+37%
+273%
+23%
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1. Volumes
Volume Growth to be sustained and to be ahead ofbudget.
2. Earnings Growth Projection
This will be well ahead of the 16% growth we factored
into budget.
3. Dividend
We plan to pay an interim dividend at half year
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17/17THANK YOU