1 / 20

Baltika Breweries H1’06 Results

Baltika Breweries H1’06 Results. August 10, 2006. Contents. Financial Results Russian Beer Market and Baltika Breweries Outlook. Overview of Developments in 1H’06. Excellent profit performance Net Sales 531.6 MEUR , + 1 8,2 % EBITDA 162 . 4 MEUR , +2 1 .5 %

rendor
Download Presentation

Baltika Breweries H1’06 Results

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Baltika Breweries • H1’06 Results August 10, 2006

  2. Contents • Financial Results • Russian Beer Market and Baltika Breweries • Outlook

  3. Overview of Developments in 1H’06 • Excellent profit performance • Net Sales531.6 MEUR, +18,2% • EBITDA 162.4 MEUR, +21.5% • EBIT 124.8 MEUR, +23.8 % • Russian market volume growth of 6.1% • Improvement of volume dynamics in Q2’06 • Total volume of Baltika Breweries 11.2MHL, +4.0 % • Export volume of Breweries Group 0.8 MHL, +8%; with license volume in Ukraine volume growth abroad +18% • Beer Volume of Baltika Breweries in Russiain Q2’066.6MHL, +8.5% • Market share in Russia in H1’06 23.6%, -0.4%pts.;market share of Breweries Group 35.6%, -0.7%pts • Market share in Russia in Q2’06 24%, -0.1%п.п.;market share of Breweries Group * 36%, -0.4%п.п. *Baltika, Vena, Pikra, Yarpivo

  4. Financial Results

  5. 1H’06 Financial Results IFRS

  6. Baltika Net Sales Development in 1H’06 Many factors such as volume growth, average prices and change of currency rate contributed to net sales growth +18.2% +5.6% +6.6% +1.2% +4.0% Change of Currency Rate Average Price Volume Other Sales Net Sales

  7. 1H’06 Results Breakdown IFRS * Including depreciation

  8. Baltika Margin Development Favorable market conditions and efforts on reduction of production costs compensated growth of expenses on production promotion +1.0% -2.6% +2.7% 23.5% 22.4% EBIT MarginH1’06 EBIT MarginH1’05 Expenses on production promotion Logistics and Administrative Expenses Cost of Sales

  9. Russian Beer Market and Baltika Breweries

  10. Russian Beer Market Development * Baltika, Vena, Pikra, Yarpivo ** Estimate Source: BBH, State Statistics Committee, Breweries Note: Domestic Volumes Source: BBH, State Statistics Committee, Breweries

  11. Price Segments Development Share of different price segments of the total beer market volumes Source: BusinessAnalitika Source: Business Analitika

  12. Performance of Baltika Brands in 1H’06 • Baltika and Arsenalnoye are two leading brands in Russia • Volume growth of licensed brands: Tuborg – brand №1 in licensed segment +102.2%, Carlsberg +22.4%, Foster’s +116.9%, Kronenbourg 1664 +61.8% • Volume growth of premium brand Nevskoye +35.6% • High volume growth of a number of regional brands: Don +24.9%, Leningradskoye +47.7% • Growth of market share of Breweries Group in licensed segment +1.4% pts. (up to 20.8%) • Growth of market share of Breweries Group in premium segment +1.8% pts(up to 44.4%)

  13. Инновации в начале 2006 года • Launch of Foster’sin bottle 0.5 lwith ring-pool cork • Launch ofKronenbourg 1664in bottle 0.46 l, brand transfer totwist-off cork • Launch of a new brand in the Baltika portfolio – beer for young adults “Cooler” in a transparent bottle with NLLlabel and ring-pool cork • Launch of a new licensed brand Tuborg Twistin a transparent bottle with NLLlabel and ring-pool cork • Launch ofCarlsberg in a new bottle format with a bottom opener • Launch of PET 2.5 l for group of brands– Arsenalnoye, Kupecheskoye, DV, Uralsky Master etc. • Launch of a new packing mid-conefor can –brands Baltika 3, 7, Tuborg • Launch ofBaltika 3in PET1.0 l • Launch of Yarpivo brand in PET 1.5 l

  14. Outlook

  15. Integration of BBH Russian companies After integration: Leader of Russian beer market Today: 4 separate enterprises

  16. The Company plans to complete the merger process by the end of 2006 07 March March-June September – December August July Exchange of Vena, Yarpivo and Pikra shares for newly issued Baltika shares 03 JulyBaltika becomes majority shareholder in Vena, Yarpivo and Pikra Approval by regulatory and registration authorities. The Baltika Group of Companies becomes a single legal entity Supplemental share issue, buy-back of Baltika shares, voluntary purchase by Baltika of shares in Vena, Pikra, and Yarpivo Extraordinary meeting of Baltika shareholders approves the merger with Vena, Pikra and Yarpivo 21 August. Shareholder assemblies of Vena, Pikra and Yarpivo are asked to approve the merger with Baltika

  17. Baltika Group in 2006 • 10 breweries: St.Petersburg (2 breweries), Rostov-on-Don, Tula, Samara Yaroslavl, Voronezh, Chelyabinsk Krasnoyarsk, Khabarovsk • Production Capacity: 40 MHL/year • 4 malt-houses: St.Petersburg, Tula, Chelyabinsk, Yaroslavl • About 11 000 employees • Market share 36%

  18. Portfolio of United Brands in 2006 Rating Licensed #3 Premium #1 Балтика 0, 5, 6, 7, 8 Mainstream #1 Балтика 2, 3, 4, 9 Lower Mainstream #1 Discount #1

  19. Breweries Group Network in Russia 3,0 МHL 10,5 МHL ST PETERSBURG 6,0 МHL 6 МHL YAROSLAVL TULA 1 МHL 1,5 МHL 4,5 МHL VORONEZH 2,5 МHLin 2006, growth up to 4,5 МHL SAMARA ROSTOV-ON-DON 2,5МHL CHELYABINSK 1,5 MHL BALTIKA KRASNOYARSK VENA PIKRA KHABAROVSK YARPIVO

  20. Baltika Breweries • H1’06 Results Thank you! IR: +7 812 329 40 93

More Related