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Annual Results 2007

Annual Results 2007. 13 maart 2008. SPEAKERS. Michel Moortgat - CEO Daniel Krug – COO Herbert De Loose - CFO. Driven by quality, Duvel Moortgat is a niche player that aims to occupy a leading position in the profitable segments of specialty beers and premium brands…

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Annual Results 2007

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  1. Annual Results 2007 13 maart 2008

  2. SPEAKERS • Michel Moortgat - CEO • Daniel Krug – COO • Herbert De Loose - CFO

  3. Driven by quality, Duvel Moortgat is a niche player that aims to occupy a leading position in the profitable segments of specialty beers and premium brands… …both in Belgium and in its priority export markets. MISSION STATEMENT Mission statement

  4. AGENDA • Financial year 2007 • Sales • Investments • Key figures • Prospects 2008

  5. AGENDA • Financial year 2007 • Sales • Investments • Key figures • Prospects 2008

  6. SALES

  7. SALES Turnover increases with 17,2% to € 87,5 million. 10,9% internal growth Growth of 79% in the last 5 years. 41% of sale has been realised abroad

  8. SALES • Sales evolution per Brand • Duvel + 5,3% • Maredsous + 16,6% • Bel Pils + 7,7% • Vedett + 24,0% • Bernard + 25,0% • Ommegang + 50,6% • Chouffe + 36,3%

  9. SALES

  10. SALES • Sales evolution per Market • Belgium + 9,90% • The Netherlands + 23,44% • France + 35,77% • UK + 12,88% • US + 32,40% • Czech Republic + 25,24%

  11. SALES

  12. AGENDA • Financial year 2007 • Sales • Investments • Key figures • Prospects 2008

  13. INVESTMENTS • In 2007 for € 21,8 million (2006: € 12,6 • million) investments: • € 8,9 million for new brewhall • € 3,3 million in purchase and renovation of horeca outlets and company premises

  14. INVESTMENTS • In 2007 for € 21,8 million (2006: € 12,6 • million) investments: • € 4,4 million for cases, bottles and kegs • € 1,4 million in CCT’s, fermentation and lagering

  15. AGENDA • Financial year 2007 • Sales • Investments • Key figures • Prospects 2008

  16. KEY FIGURES EBIT +7,8%

  17. KEY FIGURES • EBIT without Achouffe rises with 3,5% • Ebit margin decreases from 21,8% (2006) to 20,00% • Strongly influenced by high prices of raw materials and energy and higher depreciations

  18. KEY FIGURES Ordinary profit before tax +5,9%

  19. KEY FIGURES • Negative financial result is caused by the recalculation of foreign currencies • Higher costs of debts, compared to 2006, are partly covered by higher intrest gains

  20. KEY FIGURES Net profit +10,6%

  21. KEY FIGURES EBITDA +7,5%

  22. KEY FIGURES Cash Flow +15.07 %

  23. KEY FIGURES Key figures per share:

  24. KEY FIGURES • Changes in the scope of consolidation: • Duvel Moortgat Shangai Ltd • Duvel Moortgat Hong Kong Ltd

  25. AGENDA • Financial year 2007 • Sales • Investments • Key figures • Prospects 2008

  26. PROSPECTS • € 15 million various investments in 2008: • The completion of ecological investments started in 2007 • Extension of the fermentation and lagering capacity (6CCT’s) in Puurs • Czech Republic: construction of new adminitrative building

  27. PROSPECTS • € 15 million various investments in 2008: • Czech Republic & US: increase of the fermentation and lagering capacity

  28. PROSPECTS Expensive raw materials will keep presure on the margins in 2008

  29. PROSPECTS • Brouwerij Liefmans: • From 20/02/2008 onwards temporary licence to run the business. • Bid to take over an important part of the assets of Liefmans.

  30. PROSPECTS • Ambition is to realize a growth in turnover of 10% • and a growth of EBITDA of 8 to • 10%

  31. PROSPECTS QUESTIONS & ANSWERS

  32. PROSPECTS QUESTIONS & ANSWERS

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