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FY2013/2014 Annual Results Announcement
Analyst Briefing
30th June, 2014
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Financial Review
Presented by Kitty Fung
Group Chief Financial Officer
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Disclaimer
In addition to historical information, this presentation contains forward-
looking statements with respect to the results of the operations and business
of Vitasoy. These forward-looking statements represent Vitasoy’s
expectations or beliefs concerning future events and involve known and
unknown risks and uncertainties that could cause actual results,
performance or events to differ materially from those expressed or implied
in such statements.
Vitasoy International Holdings Limited
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Year ended at 31st March
2014 (in HK$M)
2013 (in HK$M) (Restated)
Change
Turnover 4,494 4,051 11%
Gross Profit 2,175 1,925 13%
Profit Before Taxation 457 423 8%
Financial Highlights
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Year ended 31st March
2014 (in HK$M)
2013 (in HK$M) (Restated)
Change
EBITDA 653 618 6%
EBIT 467 442 6%
Profit Attributable to Shareholders 307 301 2%
Financial Highlights
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Financial Highlights
Year ended 31st March
2014 (in HK Cents)
2013 (in HK Cents)
(Restated)
Change
Basic Earnings Per Ordinary Share 29.8 29.4 1%
Final Dividend Per Share 17.0 16.6 2%
Full Year Dividend Per Share 20.2 19.8 2%
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Year ended 31st March
2014 (in HK$M)
2013 (in HK$M)
Change
Capital Expenditure 258 134 93%
Depreciation and Amortization 186 176 6%
Financial Highlights
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Balance as at
31st Mar 2014 (in HK$M)
31st Mar 2013 (in HK$M) (Restated)
Change
Cash 321 223 44%
Bank Borrowings & Finance Lease Obligations
126 252 - 50%
Net Cash / (Net Borrowings) 195 (29) -
Shareholders’ Equity 1,750 1,623 8%
Debt/Equity Ratio 7% 16% -9% pts.
Financial Highlights
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Financial Highlights
By Category
By Geography
Group Turnover: HK$4,494M
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Business Review and Outlook
Presented by Roberto Guidetti
Group Chief Executive Officer
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FY2013/2014: Another Year of Consistent Growth
Overall Topline: +11% (vs +9% in FY2012/2013)
Broad based growth across categories and geographies
Mainland China: continued its gradual acceleration
Hong Kong, Australia: strengthening core leadership
North America, Singapore: sustained growth, improved profitability
Focused investment and developed innovation in core categories
Business Highlights
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Sales : HK$1,899M ↑6% Operating Profit: HK$348M ↑9%
Consistent Revenue and Profit Growth driven by Focus on Core categories and In-store Execution
Hong Kong
Strengthened our Core
CALCI-PLUS – Accelerating
SAN SUI - #1 Fresh
Soymilk
Vitaland – Growth in Profit and Schools
Strong In-store Execution
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Strengthened Core Category Leadership
Innovations in Soy and Tea TVC
Strong Execution and Distribution Expansion
Hong Kong - Outlook
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Sales : HK$1,505M ↑28% Operating Profit: HK$145M ↑19%
Acceleration to +28% Growth – Adding Innovation to Execution and Expansion
Mainland China
VITASOY Pan – China
Restage
VITA TEA Activation
Horizontal Expansion
In Store Trial and Execution
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Mainland China - Outlook
Sustain Acceleration
Strengthen Execution, Continue Expansion, Generate Innovation
Keep Raising Operational Capabilities
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Sales : HK$492M ↓5% (↑ 7% in local currency) Operating Profit: HK$87M ↓1% (↑ 9% in local currency)
Solid Growth behind VITASOY Restage, offset by Weakened Australian Dollar
Australia and New Zealand
Core VITASOY Restage
TVC
In-store Execution
Coffee Channel
Broadening to Plant Milks
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Australia and New Zealand - Outlook
Innovation in Plant Milk
Execution in Grocery Channels
Driving Growth in Coffee Channels
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Sales : HK$513M ↑6% Operating Profit: HK$7M
Sustained Top Line Growth whilst Restoring Profitability
North America
Restaged NASOYA Tofuplus line
Improved Manufacturing Efficiency
Strengthened Leadership in Tofu
and Asian Pasta
Growth in All Channels
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North America - Outlook
Launch Value-added Products
Expand VITASOY Franchise
Increase Profitability
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Sales : HK$85M ↑2% (↑ 5% in local currency) Operating Profit: HK$8M↑ 14% (↑ 18% in local currency)
Sustained Leadership and Increased Profitability via Focused Execution and Strengthening Operations
New Premium Products
Broad Tofu Offerings
Strong Execution
Manufacturing Efficiency
Singapore
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Singapore - Outlook
Scale Up the Business
Expand VITASOY Franchise
Keep Improving Execution
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Going Forward
MARKET TAIL WINDS
ACCELERATE OUR CORE
EXPA
NSIO
N
EXEC
UTIO
N
INN
OV
ATIO
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SECURING LONG-TERM SUCCESS
BRAND QUALITY INFRA-
STRUCTURE PEOPLE
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Thank you!