Download - 140212 Presentation Financial Analysts En
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Lotus Bakeries
Financial Analysts’ Meeting
Year Result 2011
February 14th, Lembeke
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➲ Net sales
➲ Financial Results
➲ Overview 2011
➲ Outlook 2012
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➲ Net sales
➲ Financial Results
➲ Overview 2011
➲ Outlook 2012
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Evolution of Total Net Salesin mio EUR
0
25
50
75
100
125
150
175
200
225
250
275
300
19
86
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87
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88
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2006 2007 2008 2009 2010 2011
179,3
224,5
256,7 261,1 264,8275,6
Evolution of Total Net Salesin mio EUR
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Evolution of Total Net Sales per Semester
2011 2010 Evolution %
Sem 1 Sem 1
133,571 127,190 + 5.0
Sem 2 Sem 2
142,027 137,633 + 3.2
12 m 12 m
275,598 264,823 + 4.1
x 1000 EUR
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Evolution of Net Sales by Geographical Area
Belgium 31,8%
Netherlands 28,7%
France 16,3%
NE EU 7,1%
N-America 6,0%
UK3,4%
Export 6,8%
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Evolution of Net Sales; Area Belgium
➲ Further support growth potential
➲ Strong media campaigns
➲ Focus on TOP-products
➲ Assortments optimalisation
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Evolution of Net Sales; Area Netherlands
➲ Growth gingerbread market
➲ Relevant for specific target groups and specific markets
➲ Further optimization baking process for more tender and delicious gingerbread “Wholegrain“ (volkoren) and “Less sugar"
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Evolution of Net Sales; Area France
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France: billboard campaign 2011
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Evolution of Net Sales; Area North-Eastern Europe
➲ Start SOF Poland
➲ Lotus Speculoos and Anna’s Pepparkakor available.
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Evolution of Net Sales; Area UK
➲ Growth in retail and out of home
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Evolution of Net Sales; Area North America
➲ Significant growth of OCB
➲ Good introduction OCB-spread
➲ Relaunch Anna’s products (new packaging design).
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Media campaign in Spain
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Evolution of Net Sales; Area Export
➲ Growth sales Lotus Caramelized biscuits thanks to the sampling at the Shanghai World Expo.
➲ Start of sales office in China for further growth in China and other export markets.
China
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➲ Net sales
➲ Financial Results
➲ Overview 2011
➲ Outlook 2012
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Income statement & Ratio’s
Income Statement 2011 2010 Evolution %
Turnover 275,598 264,823 + 4.1
REBIT 36,363 34,955 + 4.0
REBITDA 49,362 48,713 + 1.3
EBIT 33,668 34,081 - 1.2
Financial Result (688) (2,960) - 76.8
Result before taxes 32,980 31,121 + 6.0
Taxes (9,165) (8,055) + 13.8
Net result 23,815 23,066 + 3.2
Ratio’s 2011 (%) 2010 (%) Evolution %
REBIT on turnover 13.2 13.2 -
REBITDA on turnover 17.9 18.4 - 2.8
Tax on EBT 27.8 25.9 + 7.3
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Financial Result
➲ The financial result amounted to a cost of kEUR 688 compared to a cost of EUR 3 million in 2010.
➲ Main reasons of the positive evolution:
➲ considerably lower interest expense
➲ positive evolution of the market value of the instruments used to hedge interest rate and exchange risks in 2011
➲ positive exchange rate differences.
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Net Financial Debt
2006 2007 2008 2009 2010 2011
63,4
42,3 40,427,0 23,8
10,9
31/12/2011 31/12/2010 Evolution %
Net financial debts 10,882 23,763 - 54.2
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Net Financial Debt/REBITDA
2006 2007 2008 2009 2010 2011
2,23
1,090,88
0,56 0,49
0,22
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Evolution Capital Expenditurein mio EUR
2006 2007 2008 2009 2010 2011
10,3
7,3
10,89,2
17,1 17,0
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Evolution Gross Dividendin mio EUR
2006 2007 2008 2009 2010 2011
4,405,40
6,807,80
8,80 9,40
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➲ Net sales
➲ Financial Results
➲ Overview 2011 - CSR
➲ Outlook 2012
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Corporate Social Responsibility"Care for today , Respect for tomorrow"Meeting the needs of today's generations, without endangering the means of existence of future generations.
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“Care for today, Respect for tomorrow”
Lotus Bakeries products meet the current food legislation and are intended to be as healthy as possible. In the ‘semi-luxury’ foods
category they guarantee a consummate taste experience.
Sustainable useof Resources
Employees SocietyFood & Health
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➲ Net sales
➲ Financial Results
➲ Overview 2011
➲ Outlook 2012 – Investments
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Outlook 2012
1. Investments Geldrop & Sintjohannesga
2. New Headquarter Lembeke
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Investments Geldrop and Sintjohannesga
➲ Koninklijke Peijnenburg plans to invest around € 18 million in Geldropand Sintjohannesga in order to continue to produce the most tasty gingerbread in the most modern gingerbread bakeries.
➲ The out-of-date bakery in Geldrop wil be closed and production will be relocated to the second bakery in Geldrop and to the bakery at Sintjohannesga in Friesland.
➲ 25 jobs will be lost in Geldrop, while 17 additional jobs will be created in Sintjohannesga.
➲ By doing so, Koninklijke Peijnenburg will be better able to react to the growing and changing demand for gingerbread.
Production Geldrop Production Sint Johannesga
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Outlook 2012
1. Investments Geldrop & Sintjohannesga
2. New Headquarter Lembeke
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