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UACN

UACN. Business Highlights. J. Ayo Ajayi , Managing Director/CEO May 2005. M. M. MENU MASTERS. Outline. Financials Storm in the marketplace Facts behind the figures Innovation and Change Winning With People Digging new wells – the future. Group Performance Turn-Around.

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UACN

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  1. UACN Business Highlights J. Ayo Ajayi, Managing Director/CEOMay 2005

  2. M M MENU MASTERS

  3. Outline • Financials • Storm in the marketplace • Facts behind the figures • Innovation and Change • Winning With People • Digging new wells – the future

  4. Group Performance Turn-Around

  5. Group Performance Turn-Around

  6. Group Performance Turn-Around

  7. 2004 Performance • Turnover including franchises (2003 = N21,041; 2004 = N26,002) • Reduction in profits from Disposals (divestment program) • EPS – Rights Issue expands share base

  8. 2004 Performance

  9. Dividend History

  10. Share Price History (Year End)

  11. Storm in the Marketplace … • Increasing cost of operations – power, fuel, raw materials • High inflation – still double digits at 17.5% average • GSM weakening demand in other sectors • Poor road infrastructures • High cost of funds – re-bank consolidation

  12. Storm in the Marketplace … • Strikes occasioned by high fuel prices • Dearth of good and committed people • Still poor image of Nigeria to attract FDIs … there are still unmet gaps and opportunities to exploit!

  13. Facts Behind the Figures Strategies … • Growing existing businesses (opportunities exist!) - Mr. Bigg’s restaurants–122 (vs 97 end 2003) - production facility expansion – Ice cream, Feeds - customer focus/market knowledge - improving product availability

  14. Facts Behind the Figures … Strategies • Driving operational efficiencies - supply chain - distribution/logistics - improving processes/quality - new maintenance culture

  15. Facts Behind the Figures • Rights Issue - reducing the debt burden by N1.7billion - preparing for real growth • More Cash business - franchising – Mr. Bigg’s, Innscor brands - debt collection

  16. Winning With People … • Attracting good people and retaining them is key success factor - improved corporate performance - competitive remuneration - performance-driven culture - retention strategies – career path, training & development, welfare

  17. Digging new wells … creating the future! Strategies … 1. Focused diversification in 2 or 3 core areas (Vision & Mission-driven) - Food and food retail - Logistics

  18. Digging new wells … creating the future! M M MENU MASTERS - Expanding QSRs portfolio to increase customer base – Bigg’s, Menu Masters - Manufacturing upgrade – snacks, ice cream - Broadening third party logistics – MDS

  19. Digging new wells … creating the future! Strategies contd. Consolidate market shares in existing business Supply Chain Excellence

  20. N4.3billion Proceeds ….. Rights Issue N’m • Fast Food (Restaurants (Mr. Bigg’s + Innscor Brands) 1,780 • Expansion of MDS 540 • Upgrade of IT & Financial Systems and Controls 300 • Debt Reduction 1,720

  21. 2005 & 2006 Forecast

  22. 2005 & 2006 Forecast * Turnover including franchise (2005 = N32,279; 2006 = N39,900)

  23. Thank you very much! … climbing to the top!

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