FA_v6.pptx
- Количество слайдов: 4
Financial analysis Revenue EBITDA margin CAGR= 38, 8% 4000 CAGR= 9% 20% 3500 18% 3000 15% 2500 13% 2000 10% 1500 Net margin Net income Revenue by segments, FY 2013 - 8% CAGR = 30, 2% 1000 CAGR = 11, 4% Others Bottled 4% sunflower Grain oil 28% 10% 5% Revenue, USD M EBITDA, USD M F 17 20 FY FY 20 16 F F 15 20 F 14 FY 20 3 E FY 01 12 FY 2 20 FY 20 FY 11 0% 10 0 09 3% 08 500 EBITDA margin, % v FY 2013 -2017 F Revenue GAGR = 9% v FY 2014 -2017 F EBITDA GAGR = 11, 4% Financial analysis Bulk sunflower oil 58% EBITDAMargin EBITDA margin 20% 8% = 17% 16%
Financial analysis Revenue EBITDA margin CAGR= 29, 4% 350 CAGR= 24, 6% 300 250 200 150 100 50 40. 00% 35. 00% -2. 6 30. 00% 25. 00% 20. 00% 15. 00% 10. 00% -13. 6 5. 00% Net Income, USD M ROE aver = 24, 8% historically . . . . 17 20 16 FY FY 20 15 FY 20 14 20 13 FY FY 20 12 FY 20 11 FY 20 10 FY 20 09 20 FY FY 20 Net margin, % ROA, % ROE aver = 20, 8% market average Financial analysis -15 ROE, % -10 Net income Profitability drivers 0. 00% 08 0 Net margin -5 4 4. 1 13. 5 0 impact , % 5 ROE aver = 15, 3% forecast 10 15
Financial analysis Solvency Capital structure, FY 2009 -2017 Equity 68% Liquidity 2, 500 2. 50 1, 86 x 2, 000 1, 500 56, 5% 1, 000 56, 3% market aver 32% -1, 000 -1, 500 Financial analysis FY 2017 40: 60 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 60: 40 FY 2011 -500 FY 2010 Debt FY 2009 0 FY 2008 500 2. 00 40. 0 35. 0 1. 50 30. 0 1. 00 25. 0 20. 0 0. 50 15. 0 10. 0 5. 0 - 0. 50 0. 0 - 1. 00 WC/Revenue, % Current ratio, (x) Net debt/EBITDA Debt/Equity - 1. 50 Long-term debt Short-term debt Equity
Company Cap. Ex Programm Depreciation 300, 000 250, 000 Other capex 150, 000 100, 000 50, 000 0 -50, 000 100 MLN Taman acqusition Ths. USD 200, 000 Sugar plants sold 40 MLN Taman expansion New silos 100 MLN Voronezh greenfield plant Taman acquisition and expansion New silos Sugar 2013/14 E 2014/15 F 2015/16 F 2016/17 F 2017/18 F 2018/19 F plants 100 MLN sold -60 MLN -100, 000 Valuation Voronezh greenfield plant
FA_v6.pptx