4Q13 Results. Tres Picos #65 Col. Bosques de Chapultepec, Miguel Hidalgo, CP , Distrito Federal, México.
|
|
- Bethany Newton
- 5 years ago
- Views:
Transcription
1 4Q13 Results Tres Picos #65 Col. Bosques de Chapultepec, Miguel Hidalgo, CP , Distrito Federal, México. 1
2 Highlights 3 New Projects 4 Results and Key Indicators 5 Environmental and Social Development 10 Proteak Informs 11 Financial Statements 12 Conference Call Results Friday, February 28, :00 a.m. Mexico City CST Tres Picos #65 Col. Bosques de Chapultepec, Miguel Hidalgo, CP , Distrito Federal, México. 2
3 Highlights Proteak signed a turnkey contract with German machinery producer Dieffenbacher and started pre-construction activities for the MDF plant. The company signed a credit agreement with Ausfuhrkredit-Gesellshaft mbh (AKA) totaling EUR 66.8MM for the acquisition of machinery and equipment for the MDF plant. Mexico and Costa Rica s Forest Stewardship Council (FSC) certificates for Forest Management (FM) and Chain of Custody (CoC) were successfully renewed. Annual roundlog sales doubled in comparison to 2012 figures, even despite the difficult economic conditions of the Indian market. Proteak operated Fomex for a first complete quarter without inconveniences, increasing the sales volume of chips by 2,000 tons. Proteak continued its positioning strategy within the Asian markets, pioneering as a teak provider for Chinese furniture manufacturers who supply local markets. A strategic partnership was established with a renowned Vietnamese furniture manufacturer to produce export products using Proteak s wood. Keeping in line with its new strategic objectives, Proteak reached an agreement to transfer the operation of its manufacturing plant in Lerma, Estado de México. Proteak will source raw material to the plant, which will continue manufacturing products for the company. 3
4 New Projects I. FOMEX Acquisition 4Q13 was Proteak s first full quarter operating Fomex, the company with 8,600 hectares of eucalyptus it acquired from Kuo (BMV: KUO) in August Operations continued without any setbacks and the company is focusing on re-equipping to increase operating capacity. In doing so, chip sales increased 10% (2,000 tons) during the quarter. II. MDF Project During the quarter, Proteak formalized a partnership with Dieffenbacher through a turnkey contract. The German company is a world leader in the production and installation of press systems and complete manufacturing plants for wood-based panels. Under this contract, Dieffenbacher will provide the manufacturing plant with engineering expertise and equipment. Initial operations are scheduled to start during the second semester of During the plant s first 18 months, Dieffenbacher will jointly operate it with Proteak in order to guarantee the highest efficiency and productivity standards. In order to purchase the machinery, Proteak received resources from Ausfuhrkredit-Gesellschaft mbh (AKA) by signing a credit contract worth EUR 66.8 MM (USD 91.2 MM). The credit will be disbursed in US dollars, with a 50% risk-participation of Commerzbank Aktiengesellschaft and the guarantee of the German Federal Government through Euler Hermes. During the quarter, Proteak hired a Project Manager and started pre-construction activities on site in the municipality of Huimanguillo, Tabasco. Furthermore, the company hired the advisory services of a wood panel expert. 4
5 Results and Key Indicators SUMMARY OF RESULTS I. P&L Analysis Proteak continued in its efforts to diversify its markets. India s participation in the roundlog market kept decreasing to reach 26%. Sales by Destination vs. Value of the Rupee 5
6 On the other hand, the company sustained its efforts to position Proteak teak in other Asian markets. It successfully pioneered as a teak provider for Chinese furniture manufacturers who supply local markets. Since Proteak does not depend on intermediaries for its sales, 9 out of 11 clients in China and Vietnam are factories or final consumers and of those, 90% have already placed re-orders. Annual roundlog sales reached MXP 115.7MM, doubling their 2012 figure. Total annual sales increased 80%, sustaining a gross margin above 30% despite difficulties derived from the economic slowdown in India. Total Sales FY13 vs FY12 Quarterly Sales ( 000,000 MXP) % ( 000,000 MXP) % YTD12 Teak Sales YTD13 Eucal. Sales - 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 6
7 Quarterly administrative expenses were kept in line with the budget. However, the third and fourth quarter reflect expenses related to the integration of FOMEX, the capital increase and the MDF Project, which will generate value for the company. ( 000,000 MXP) General Expenses Q13 2Q13 3Q13 4Q13 6% General Expenses New Project Expenses 7
8 II. Balance Sheet Analysis Proteak s total assets grew 77% in comparison to 2012, reflecting the capital increase registered in September. Cashflow decreased mainly due to the acquisition of FOMEX and expenses related to the operation and start of the MDF Project. Accounts receivable derived from operations diminished 22% during the quarter, evidencing the improvement in the company s collection periods. At the end of the year, the accounts receivable balance matched fourth quarter s sales, reflecting a healthy collection portfolio. ( 000,000 MXP) Accounts Receivable DAYS Q 2Q 3Q 4Q Accounts Receivable Collection Days During the fourth quarter, Proteak conducted its annual biological asset inventory, thereby validating the amount of revaluation reserves for already made during the year. Consequently, the company s biological assets remained stable during the period. During the year, biological assets reflected a net revaluation of MXP 97MM, as well as the incorporation of MXP 255MM of of FOMEX, totaling ( 000,000 USD) 70.0 Biological Asset Value Components BA 12 Cost Hist. Cost of Sales New Adq Revaluation AB'13 Cost Revaluation 8
9 905MM. The value of Proteak s plantations is mainly modified by four different factors: (i) capitalized forestry expenses, (ii) exchange rate, (iii) revaluations that reflect the biological assets growth, and (iv) a reduction at the wood s cost of sales. During 2013, investments included: (i) MXP 75MM in capitalized forestry expenses, aimed at improving existing plantations expected return by maintaining growth rates that exceed original plans, as well as the plantation of 909 new hectares of teak, (ii) MXP 5MM due to the revaluation of the USD, (iii) MXP 97MM from the previously discussed revaluation, and (iv) MXP 67MM, representing the cost of wood sold. The volume harvested during the quarter reached 4,000 m 3 (thinning and final harvest), totaling 17,000 m 3 in Long-term assets kept for sale include non-strategic land that will be sold in the medium term. Most of these assets are located in Costa Rica, with a value of MXP 119MM. Fixed assets are integrated by nearly 8,000 hectares of teak and 4,800 hectares of eucalyptus, two nurseries, office facilities and other forestry assets. Biological Assets Value vs. Hectares Comparison 000,000 MXP Total Assets Evolution 100% 4 80% 60% 3 137% 40% 2 20% 1 0% MXP MM Current (Teak) Has Current (Eucalyptus) Non- Current (Teak) Non- Current (Eucalyptus) Long-term liabilities include a net credit from Financiera Rural, which totals MXP 159MM, with interest, and a loan from the IFC, totaling MXP 65MM. Proteak s capital structure at year end reflects the two main movements that took place during 2013: raising capital for the MDF project and the FOMEX acquisition. Proteak s position continues to be solid with a 1:4 liabilities-to-capital ratio. 9
10 III. Cash Flow Analysis The quarter s cash flow behaved as expected, including MXP 18MM in operating expenses. Investments include MXP 43MM tagged for the MDF project. Positive movements in cash flow include the collection of accounts receivable (MXP 45MM), transferring the operation of the Lerma plant (MXP 25MM), income from subsidies (MXP 16MM) and loans from Financiera Rural (MXP 7MM). The combination of the latter results in a positive cash balance of MXP 360MM at year end. Environmental and Social Development FSC Certification During the fourth quarter, Proteak earned the Forest Stewardship Council (FSC) Forest Management and Chain of Custody certification from SCS Global Services (SCS), for its teak plantations in Mexico and Costa Rica. FSC provides third-party certification confirming that materials sold as FSC certified are harvested from well-managed forest operations. To accomplish the latter, Proteak has implemented sustainable practices and procedures in all its forestry activities in accordance with the FSC Principles and Criteria. Furthermore, it has integrated social and environmental considerations to achieve a sustainable operation within the forestry sector. 10
11 Proteak Informs Investor Relations Agency The company has hired the services of SernaPR, an Investor Relations Agency as part of its continued efforts in growing and improving in this area. Contact information: Alejandro Ramírez Arcia Tel: +52 (55) Independent Analyst Follow-up on the independent analyst program is performed by: Ernesto Gustavo O Farrill Santoscoy eofarrills@bursametrica.com Tel: (55) Bahía de todos los santos #26 Col. Verónica Anzures Delegación Miguel Hidalgo C.P , México, D.F. 11
12 Financial Statements The following summary P&L is presented in MXP 000. It shows the margin that each concept represents as a percentage of net sales and the % change when comparing 2013 with
13 The following table contains the company s consolidated 2013 Balance Sheet, compared to 2012 (in MXP 000). 13
14 February 27, 2014, Mexico City. Today, Proteak Uno, S.A.B. de C.V. (BMV: TEAK) has presented its financial results for 4Q13. This information has been prepared according to International Financial Reporting Standards and is presented in nominal terms. 14
1Q15 Results. Paseo de la Reforma 725 Col. Lomas de Chapultepec, Miguel Hidalgo, CP , Distrito Federal, México.
1Q15 Results 1 Highlights 3 Independent Proteak Valuation 3 Capital Increase 4 MDF Project 4 Forestry Development 6 Results and Key Indicators 7 Balance Sheet Analysis 10 Cash Flow Analysis 11 Stock Development
More informationContent. Paseo de la Reforma 725 Col. Lomas de Chapultepec, Miguel Hidalgo, CP , Distrito Federal, México.
3Q16 RESULTS 1 Content Relevant Issues... 3 MDF Business Unit... 3 Teak Business Unit... 5 Income Statement Analysis... 6 Environmental and Social Development... 10 Stock Development... 11 Proteak Informs...
More informationwe make forestry matter
we make forestry matter Annual Report 2013 CONTENTS p. 1. Message from the President of the Board 3 2. Report from the CEO 7 3. Executive Summary 12 4. Forestry Platform 16 5. Trading 19 6. Industrial
More informationDue Diligence and Valuation Report
Arrowhead Code: 102-01-02 Coverage initiated: 03 04 2014 This document: 07 11 2014 Fair share value bracket: Share price on date: Analyst Team Samarth Agrawal samarth.agrawal@arrowheadbid.com Market Data
More informationDue Diligence and Valuation Report
Arrowhead Code: 102-01-08 Coverage initiated: 03 04 2014 This document: 22 12 2017 Fair share value bracket: MXP 28.50 to MXP 31.81 i Share price on date: MXP 16.48 ii Analyst Team Shruti Gupta Jay Thakkar
More informationDue Diligence and Valuation Report
Arrowhead Code: 102-01-07 Coverage initiated: 03 04 2014 This document: 31 08 2017 Fair share value bracket: MXP 28.14 to MXP 31.45 i Share price on date: MXP 19.30 ii Analyst Team Shruti Gupta Jay Thakkar
More informationDue Diligence and Valuation Report
Arrowhead Code: 102-01-05 Coverage initiated: 03 04 2014 This document: 23 03 2016 Fair share value bracket: MXP 25.25 to MXP 28.19 i Share price on date: MXP 18.90 ii Analyst Team Shruti Gupta shruti.gupta@arrowheadbid.com
More informationDue Diligence and Valuation Report
Arrowhead Code: 102-01-04 Coverage initiated: 03 04 2014 This document: 02 12 2015 Fair share value bracket: MXP 24.18 to MXP 27.01 i Share price on date: MXP 18.37 ii Analyst Team Samarth Agrawal Kanniga
More informationValuation Report. Proteak Uno S.A.B. de C.V. January, Capital Inc.
. Valuation Report Proteak Uno S.A.B. de C.V. January, 2017 Disclaimer The analysts responsible for the production of this report certify that the views expressed herein exclusively reflect their personal
More information2011 Fourth Quarter Results
2011 Fourth Quarter Results February, 2012 INVESTOR RELATIONS Disclaimer The financial information in this document are consolidated earnings results based on K-IFRS. The previous earnings results have
More informationI. EXECUTIVE SUMMARY 3 III. MAIN EVENTS IN THE PERIOD 6 IV. RETAIL INDICATORS 7 V. REVENUES BY BUSINESS UNITS 9 VI. CREDIT INDICATORS 11
I. EXECUTIVE SUMMARY 3 II. CONSOLIDATED INCOME STATEMENT AS OF SEPTEMBER 30, 2010 4 III. MAIN EVENTS IN THE PERIOD 6 IV. RETAIL INDICATORS 7 V. REVENUES BY BUSINESS UNITS 9 VI. CREDIT INDICATORS 11 VII.
More informationFY2017 First Six Months Consolidated Business Results
FY2017 First Six Months Consolidated Business Results November 8, 2017 Content 1. Key Messages 2. FY2017 First Six Months Consolidated Business Results 3. FY2017 Forecast 1 Key Messages Operating income
More informationHORNBACH Baumarkt AG Group Q3/9M 2017/2018
HORNBACH Baumarkt AG Group Q3/9M 2017/2018 Quarterly Statement as of November 30, 2017 2 HORNBACH BAUMARKT AG GROUP QUARTERLY STATEMENT: 3 RD QUARTER AND 1 ST NINE MONTHS OF 2017/2018 HORNBACH BAUMARKT
More informationFY2017 Consolidated Business Results May 9, 2018 Toshiba Tec Corporation
FY2017 Consolidated Business Results May 9, 2018 Toshiba Tec Corporation Content 01 Key Messages 02 FY2017 Consolidated Business Results 03 FY2018 Forecast 1 Key Messages Toshiba Tec achieved the highest
More informationQ3/2012 Report Conference Call. aapimplantate AG. Biense Visser, CEO Bruke Seyoum Alemu, COO Marek Hahn, CFO. November 12, 2012
Q3/2012 Report Conference Call aapimplantate AG Biense Visser, CEO Bruke Seyoum Alemu, COO Marek Hahn, CFO November 12, 2012 Highlights Q3/9M 2012 Sales: Q3: Growth of 25 % to 8.6 Mio. (Q3 2011: 6.9 Mio.
More informationInterim Report HORNBACH-BAUMARKT-AG GROUP FIRST HALF-YEAR 2004/2005 (MARCH 1 - AUGUST 31, 2004)
Interim Report HORNBACH-BAUMARKT-AG GROUP FIRST HALF-YEAR 2004/2005 (MARCH 1 - AUGUST 31, 2004) Page 2 HORNBACH-BAUMARKT-AG Group Interim Report (IFRS) for the First Half-Year 2004/2005 (March 1 August
More informationP R E S S R E L E A S E
P R E S S R E L E A S E from ASSA ABLOY AB (publ) Stockholm 8 November, 1999 no. 16/99 INTERIM REPORT JANUARY-SEPTEMBER 1999 Sales increased by 19% to SEK 7,532 M (6,317) Income before taxes increased
More informationAlmacenes Éxito S.A. Consolidated Financial Results For the three-month period ended March 31. First Quarter 2013 Financial Highlights
Almacenes Éxito S.A. Consolidated Financial Results For the three-month period ended March 31 2013 New Éxito Soledad in Atlántico First Quarter 2013 Financial Highlights Note: Consolidated figures include
More informationQ2/2012 Report Conference Call aap Implantate AG
Q2/2012 Report Conference Call aap Implantate AG Biense Visser, CEO Bruke Seyoum Alemu, COO Marek Hahn, CFO August 15, 2012 Highlights Q2/HY1 2012 Sales: Q2: Growth (products) of 18 % to 9.0 Mio. (Q2 2011:
More informationCorporate Presentation. November 2018
Corporate Presentation November 2018 Company Profile FOURLIS GROUP is a leading retail group of companies of quality consumer goods in Southeast Europe. The initial company was founded in 1950. The group
More informationHORNBACH Holding AG & Co. KGaA Group. 1 st QUARTER 2018/19
HORNBACH Holding AG & Co. KGaA Group 1 st QUARTER 2018/19 Quarterly Statement as of May 31, 2018 2 HORNBACH HOLDING AG & CO. KGaA GROUP STATEMENT ON 1 ST QUARTER OF 2018/19 HORNBACH HOLDING AG & CO. KGaA
More informationStable sales excluding petrol (at constant exchange rates) Q sales inc. VAT: 22.7bn
Q1 2009 sales incl. VAT 16 April 2009 Stable sales excluding petrol (at constant exchange rates) Q1 2009 sales inc. VAT: 22.7bn o Q1 2009 sales including VAT: 22.7bn, 1.4% at constant exchange rates o
More informationArun Nayar Senior Vice President, Finance and Treasurer
Arun Nayar Senior Vice President, Finance and Treasurer November 18, 2010 Forward-Looking Statements / Safe Harbor Certain statements in this presentation are forward-looking statements within the meaning
More informationMETRO GROUP achieves sales target and confirms EBIT guidance
19 October 2015 1/5 METRO GROUP achieves sales target and confirms EBIT guidance Like-for-like sales growth of 1.5% in financial year 2014/15 Growth drivers online retail and delivery remain successful
More informationInterim Report HORNBACH-BAUMARKT-AG GROUP
Interim Report HORNBACH-BAUMARKT-AG GROUP 1st QUARTER 2006/2007 (MARCH 1 MAY 31, 2006) HORNBACH-Baumarkt-AG Group Interim Report (IFRS): First Quarter of 2006/2007 (March 1 May 31, 2006) 2 Pleasing business
More informationHORNBACH Holding AG & Co. KGaA Group. 1 st QUARTER 2017/2018
HORNBACH Holding AG & Co. KGaA Group 1 st QUARTER 2017/2018 Quarterly Statement as of May 31, 2017 2 HORNBACH HOLDING AG & CO. KGaA GROUP QUARTERLY STATEMENT: 1 ST QUARTER OF 2017/2018 HORNBACH HOLDING
More informationDFVA Analyst Meeting 2017
DFVA Analyst Meeting 2017 HORNBACH Holding AG & Co. KGaA September 28, 2017 Frankfurt/Main Page 1 Financial Year 2017/2018 1st Half/2nd Quarter (March August 2017) Page 2 since March 28, 2017 Shareholder
More informationB&M European Value Retail SA Interim Results Presentation 26 weeks to 23 rd September 2017
B&M European Value Retail SA Interim Results Presentation 26 weeks to 23 rd September 2017 Interim FY18 Group Highlights Group revenues increased by 21.7% to 1,346.4m B&M LFL revenues +7.5%, Q2 LFL +7.7%
More informationMay 24, 2018 Frankfurt/Main. DVFA Analyst Meeting May 2018 HORNBACH Group 2018
HORNBACH Baumarkt AG DVFA Analyst Meeting May 24, 2018 Frankfurt/Main Page 1 Financial Calendar 2018 HORNBACH Group June 22, 2018 Financial Update: 1st Quarter of 2018/19 as of May 31, 2018 July 5, 2018
More informationTO THE SPANISH SECURITIES AND EXCHANGE COMMISSION DISCLOSURE OF A RELEVANT EVENT
TO THE SPANISH SECURITIES AND EXCHANGE COMMISSION DISCLOSURE OF A RELEVANT EVENT Following article 17 of Regulation (EU) 596/2014 on Market Abuse, article 228 of the Royal Legislative Decree Law 4/2015,
More informationS&T - Company Presentation. May 2015
S&T - Company Presentation May 2015 About S&T AG S&T engineers Appliances for vertical markets Appliances comprise of dedicated hardware + combined software solutions Vertical niche solutions for Automation
More informationFISHER & PAYKEL APPLIANCES HOLDINGS LIMITED
FISHER & PAYKEL APPLIANCES HOLDINGS LIMITED 5 YEAR STRATEGIC PLAN PRESENTATION 10 September 2012 September 2012 INVESTOR PRESENTATION 1 IMPORTANT DISCLAIMER This presentation includes certain forward-looking
More informationAlmacenes Éxito S.A. Consolidated Financial Results
Almacenes Éxito S.A. Consolidated Financial Results For the second quarter and six-month period ended June 30, Viva Caucasia Shopping Mall BVC (The Colombian Stock Exchange): ÉXITO ADR Program: ALAXL Medellín,
More informationAlmacenes Éxito S.A. Consolidated Financial Results
Almacenes Éxito S.A. Consolidated Financial Results 2011 For the quarter and twelve-month period ended December 31, 2011 The New Surtimax La Paz Bosa store. BVC (The Colombian Stock Exchange): ÉXITO ADR
More informationSGREIT reports DPU of 1.17 cents for 2Q FY17/18
Media release by: YTL Starhill Global REIT Management Limited (YTL Starhill Global) Manager of: Starhill Global Real Estate Investment Trust (SGREIT) SGREIT reports DPU of 1.17 cents for 2Q FY17/18 HIGHLIGHTS
More information2016 First Quarter Results
LOTTE SHOPPING CO., LTD 2016 First Quarter Results May, 2016 INVESTOR RELATIONS Disclaimer The financial information in this document are consolidated earnings results based on K-IFRS. This release includes
More informationMaking the world a safer place to travel QUIXOTE CORPORATION
Making the world a safer place to travel QUIXOTE CORPORATION MISSION ENHANCE THE SAFETY, EFFICIENCY & SECURITY OF TRANSPORTATION SYSTEMS WORLD WIDE. BUSINESS SEGMENTS PROTECT & DIRECT: Provide products
More informationIntroduction to ASSA ABLOY
The ASSA ABLOY Group is the world s leading manufacturer and supplier of locks and associated products, dedicated to satisfying end-user needs for security, safety and convenience. Roadshow Q1 2001 Introduction
More information2017 Half-year Results Supplementary Information
207 Half-year Results Supplementary Information To be read in conjunction with the 207 Half-year Results Briefing Presentation to be held on Wednesday, 5 February 207 Presentation outline Item Page Group
More informationScS Group Plc Interim Results For The 26 Weeks Ended 24 January 2015 March 2015
ScS Group Plc Interim Results For The 26 Weeks Ended 24 January 2015 March 2015 October 2014 H1 2015 Highlights Financial Highlights: Like for like sales order intake up 7.8% Flooring up 13.0% Total sales
More informationFor the quarter and twelve-month period ended December 31, 2010
Almacenes Éxito S.A. Consolidated Financial Results 20 Fourth Quarter 20 financial report Éxito Modelia: the first store converted from Cafam brand For the quarter and twelve-month period ended December
More informationPolish Furniture Outlook 2013
Tomasz Wiktorski Ogólnopolska Izba Gospodarcza Producentów Mebli Międzynarodowe Targi Poznańskie Poznań International Fair January February 2013 Polish Furniture Outlook 2013 The study was prepared in
More informationConsolidated Second Quarter of F.Y Presentation (Jan.1 to Jun.30, 2010) August 5th 2010 in Osaka August 6th 2010 in Tokyo
OPTEX.CO.,LTD. Consolidated Second Quarter of F.Y. 2010 Presentation (Jan.1 to Jun.30, 2010) August 5th 2010 in Osaka August 6th 2010 in Tokyo 1 . 2010 2QT Consolidated Financial Report Summary of first
More informationINVESTOR NEWS /16
Düsseldorf, 14.12.2016 1/8 INVESTOR NEWS 1-2015/16 METRO GROUP meets sales and earnings targets in financial year 2015/16 EBIT from continuing operations before special items reaches 1,560 million (2014/15:
More informationPress release from ASSA ABLOY AB (publ)
Press release from ASSA ABLOY AB (publ) 5 November, 1998, No. 16 INTERIM REPORT, JANUARY-SEPTEMBER, 1998 Sales increased by 28% to 6317 MSEK (4949) The organic sales growth for comparable units amounted
More informationSTARHILL GLOBAL REIT REPORTS 11.4% INCREASE IN 2Q 2010 GROSS REVENUE
Media release by: YTL Starhill Global REIT Management Limited (YTL Starhill Global) Manager of: Starhill Global Real Estate Investment Trust (Starhill Global REIT) STARHILL GLOBAL REIT REPORTS 11.4% INCREASE
More informationQ3 Report Johan Molin President & CEO
Q3 Report 2011 Johan Molin President & CEO 1 Financial highlights Q3 2011 Good performance in a weak market Continued strong growth in Asia Stable but slow development in mature markets South America slowing
More informationMETRO GROUP continues operational improvement trend in 2014/15
15 December 2015 1/11 METRO GROUP continues operational improvement trend in 2014/15 EBIT before special items totalling 1,511 million, influenced by the negative impact of exchange rate effects amounting
More informationSGREIT reports DPU of 1.09 cents for 3Q FY17/18
Media release by: YTL Starhill Global REIT Management Limited (YTL Starhill Global) Manager of: Starhill Global Real Estate Investment Trust (SGREIT) SGREIT reports DPU of 1.09 cents for 3Q FY17/18 HIGHLIGHTS
More informationInvestor Briefing. ADT Caps Acquisition. SK Telecom
ADT Caps Acquisition SK Telecom 208. 5. 8 0 ADT Caps Acquisition Disclaimer This presentation contains forward-looking statements with respect to the results of operations and business of SK Telecom (the
More informationLOWE S SECURITY ANALYSIS TERRY ASANTE
LOWE S SECURITY ANALYSIS TERRY ASANTE THE OUTLINE 1. Theme 2. Business Analysis 3. Financial Analysis 4. Stock Valuation 5. The moat 6. Risk 7. Bulls vs.. Bears 8. Investing Strategies THE THEME Lowe s
More informationInterim report January-September October 20, 2014 Magnus Agervald and Pernilla Walfridsson
Interim report January- October 20, 2014 Magnus Agervald and Pernilla Walfridsson Summary January- In the third quarter, Byggmax s net sales increased 4.5 percent and EBIT improved and amounted to SEK
More informationEarnings Presentation Second Quarter September 2012
Earnings Presentation Second Quarter 2012 September 2012 Key Issues First Half 2012 Cencosud Projects Second Quarter Results Company overview Key metrics (2Q12) Number of stores: 920 Selling space: 3,495,857
More informationAlmacenes Éxito S.A.
Carulla express Olaya Herrera in Medellín BVC (The Colombian Stock Exchange): ÉXITO ADR Program: ALAXL Medellín, Colombia July 29, 2015 Almacenes Éxito S.A. ( Éxito or the Company ), the largest retail
More informationBB&T Capital Markets Automotive Aftermarket Conference: Car Talk in the City August 17, 2011
BB&T Capital Markets Automotive Aftermarket Conference: Car Talk in the City August 17, 2011 Forward Looking Statements The Company claims the protection of the safe-harbor for forward-looking statements
More informationFor the quarter and six-month period ended June 30, 2010
2 1 Almacenes Éxito S.A Second Quarter Consolidated 2 financial report 1 financial results The converted Éxito Libertador store in Santa Marta For the quarter and six-month period ended June 3, 21 Working
More informationSteinhoff International, MARKUS JOOSTE HISTORY AND DEVELOPMENT OF STEINHOFF
Steinhoff International, MARKUS JOOSTE HISTORY AND DEVELOPMENT OF STEINHOFF WELCOME 2 HISTORY: STEINHOFF INVOLVED IN HOUSEHOLD GOODS TRADING SINCE 1963 1963-1990: Sourcing in the East for the West City:
More informationSteinhoff: is bigger better?
Dirk van Vlaanderen - Associate Portfolio Manager From its humble beginnings in the 1960s - when German founder, Bruno Steinhoff, began sourcing Eastern European furniture for import to Western Europe
More informationValuation Report. Proteak Uno S.A.B. de C.V. January Capital Inc.
Valuation Report Proteak Uno S.A.B. de C.V. January 2014 Disclaimer The analysts responsible for the production of this report certify that the views expressed herein exclusively reflect their personal
More informationChina Construction Curtain Wall Industry Report, July 2013
China Construction Curtain Wall Industry Report, 2012-2013 July 2013 STUDY GOAL AND OBJECTIVES This report provides the industry executives with strategically significant competitor information, analysis,
More informationLive plants and products of floriculture sector in the EU (version 19/05/2011)
Live plants and products of floriculture sector in the EU (version 19/05/2011) Aurora IERUGAN European Commission DG Agriculture and Rural Development (DG AGRI) Unit C.2. Olive oil, horticultural products
More informationPUREGOLD PRICE CLUB, INC.
Sa PUREGOLD PRICE CLUB, INC., Always Panalo! Company Presentation 1Q 2016 Results and Performance July 2016 Disclaimer These presentations and/or other documents have been written and presented by Puregold
More informationINVESTOR PRESENTATION
TOUCHCORP LIMITED ASX:TCH WWW.TOUCHCORP.COM INVESTOR PRESENTATION $25.6M CAPITAL RAISING SEPTEMBER 2016 TOUCHCORP LIMITED 1 TOUCH SERVICE OFFERING TOUCHCORP NOW OFFERS ITS CUSTOMERS A COMPLETE OMNI-CHANNEL
More informationFalabella Peru Corporate Presentation
Falabella Peru Corporate Presentation September 2017 CONTENTS FALABELLA GROUP FALABELLA PERU: GENERAL INFORMATION BUSINESS UNITS OVERVIEW CONSOLIDATED FINANCIALS FALABELLA GROUP Presence In 7 Countries
More informationLATIN AMERICA EXECUTIVE CONFERENCE
LATIN AMERICA EXECUTIVE CONFERENCE January 2013 FALABELLA CONSOLIDATED STATEMENTS BUSINESS UNITS INVESTMENT PLAN MORE THAN 120 YEARS OF HISTORY 1889 Salvatore Falabella opens the first large tailor shop
More informationDesign Studio posts S$19.6 million net profit in
Design Studio posts S$19.6 million net profit in FY2010 FY2010 full year revenue of S$108 million yields S$19.6 million in net profit after tax Maintains a healthy order book of S$142.9 million as at 15
More informationDISPOSAL GALERIA KAUFHOF. 15 June 2015
DISPOSAL GALERIA KAUFHOF 15 June 2015 DISCLAIMER AND NOTES To the extent that statements in this presentation do not relate to historical or current facts, they constitute forward-looking statements. All
More informationFiscal Year Q Results and Full Year Plan
This notice has been translated from the original notice in Japanese. In the event of any discrepancy, the original in Japanese shall prevail. Fiscal Year 2015 3Q Results and Full Year Plan January 29,
More informationKingfisher plc Sarah Levy. Director of Investor Relations
Kingfisher plc Sarah Levy Director of Investor Relations Agenda Kingfisher at a Glance Strategic History Our Markets and Brands Creating the Leader Strategy Q1 2014/15 Summary Priorities for 2014/15 Appendix
More informationNEWS 2012 FOURTH QUARTER AND FULL-YEAR RETAIL SALES RESULTS
NEWS 26 July 2012 2012 FOURTH QUARTER AND FULL-YEAR RETAIL SALES RESULTS Full-Year Sales ($m) Financial Year 2012 Financial Year 2011 Movement (%) Food & Liquor 1,2 26,182 25,025 4.6 Convenience 1,3 7,516
More informationHalf yearly report to shareholders six months to 31 December 1999
Half yearly report to shareholders six months to 31 December 1999 Wesfarmers Limited ACN 008 984 049 Interim highlights Operating revenue up 4.3 per cent to $1.6 billion Operating profit after tax before
More informationGross margin grew from 28.51% in 2013 to 28.88% in Gross profit increased by 33.44% from 165, million RUR to 220, million RUR.
Press-release Krasnodar March 25, 2015 PJSC Magnit Announces Audited FY 2014 Results Krasnodar, March 25, 2015: PJSC Magnit, Russia s largest retailer (the Company ; MOEX and LSE: MGNT) announces its audited
More informationHONEYWELL ANNOUNCES PLANNED PORTFOLIO CHANGES
Contacts: Media Investor Relations Scott Sayres Mark Macaluso (480) 257-5921 (973) 455-2222 scott.sayres@honeywell.com mark.macaluso@honeywell.com HONEYWELL ANNOUNCES PLANNED PORTFOLIO CHANGES Plans to
More informationNeedham Growth Conference January 10,
R Needham Growth Conference - 2017 January 10, 2017 1 Forward Looking Statements Certain statements made in this presentation that are not based on historical information are forward-looking statements
More informationINTERIM REPORT. 1st QUARTER 2011/2012 HORNBACH HOLDING AG GROUP (MARCH 1 MAY 31, 2011)
INTERIM REPORT HORNBACH HOLDING AG GROUP 1st QUARTER 2011/2012 (MARCH 1 MAY 31, 2011) 2 HORNBACH HOLDING AG GROUP INTERIM REPORT: 1 ST QUARTER OF 2011/2012 HORNBACH HOLDING AG GROUP Interim Report for
More informationMETRO GROUP continues slight sales growth and confirms EBIT guidance
1/6 METRO GROUP continues slight sales growth and confirms EBIT guidance Like-for-like sales growth of 0.2% in financial year 2015/16 METRO Cash & Carry and Real increase like-for-like sales in Q4; Media-
More informationCONSUMER BRANDS GROUP
CONSUMER BRANDS GROUP AARON M. ERTER PRESIDENT CONSUMER BRANDS GROUP Forward Looking Statement The presentations today will contain certain forward looking statements," as defined under U.S. federal securities
More informationQ TRADING UPDATE. May 5, Copyright Bureau Veritas / May 5, 2015 / p 1
Q1 2015 TRADING UPDATE May 5, 2015 Copyright Bureau Veritas / May 5, 2015 / p 1 Disclaimer This presentation contains forward-looking statements which are based on current plans and forecasts of Bureau
More informationEarnings Presentation First Quarter May 2012
Earnings Presentation First Quarter 2012 May 2012 Company overview Key metrics (LTM 2012 1 ) Number of stores: 906 Selling space: 3,3 million sq 2 Number of customers: 800mm Number of employees: 139,082
More informationFinancial Results for the 3rd Quarter Ended December 31, 2004 < U.S. GAAP-based >
Financial Results for the 3rd Quarter Ended December 31, < U.S. GAAP-based > February 1, 5 NIDEC CORPORATION www.nidec.co.jp/english/index.html Consolidated Financial Results for the 3 rd Quarter Ended
More informationGlobal and China Optical Fiber Preform Industry Report, Jun. 2014
Global and China Optical Fiber Preform Industry Report, 2013-2016 Jun. 2014 STUDY GOAL AND OBJECTIVES This report provides the industry executives with strategically significant competitor information,
More informationAlmacenes Éxito S.A. Consolidated Financial Results 2011
Almacenes Éxito S.A. Consolidated Financial Results 2011 For the second quarter and six-month period ended June 30, 2011 Expansion in intermediate cities: Éxito Yopal store BVC (The Colombian Stock Exchange):
More information2013 Annual Stockholders Meeting
2013 Annual Stockholders Meeting AGENDA Operating Environment Financial Performance Mergers and Acquisitions Plans and Prospects Update: Tacloban Store Operations 1 MACROECONOMIC ENVIRONMENT: ROBUST PHILIPPINE
More informationEstablished in September 2005 : OTCBB via a reverse merger. October 2008 : NASDAQ Dubai (Nasdaq Dubai : CSR)
This presentation includes certain statements that are not descriptions of historical facts, but are forward-looking statements. Such statements include, among others, those concerning our expected financial
More informationTEAKHAUS BY PROTEAK THE COMPANY RENEWABLE FORESTRY
CATALOG 2015 TEAKHAUS BY PROTEAK RENEWABLE FORESTRY THE COMPANY Teakhaus by Proteak Renewable Forestry manufactures the best teak cutting boards you will ever use. We are delighted to substantiate this
More informationSupplemental Consolidated Financial Data for Fiscal 2011 Third Quarter and Nine Months ended December 31, 2010
Supplemental Consolidated Financial Data for Fiscal 2011 and, 2010 February 2, 2011 Panasonic Corporation Note: SANYO and its subsidiaries became Panasonic s consolidated subsidiaries in December 2009.
More informationSecond Quarter Interim Report
2 Second Quarter Interim Report For the Six Months Ended June 30, 1997 W E L L S E R V I C E L T D. Financial Summary ($millions, except per share amounts) Six months ended June 30, Three months ended
More informationRunit Kumar. Alexander Hu
Runit Kumar Chase Mathew Alexander Hu Agenda Investment Thesis Company/Segment Overview Financial Overview Risks Valuation Q & A Investment Thesis Undervalued and unjustly punished by recent market movements
More informationPre-seen case study for Strategic level examinations Papers E3, P3 and F3. For examinations in May 2014 and September 2014
Pre-seen case study for Strategic level examinations Papers E3, P3 and F3 For examinations in May 2014 and September 2014 PRE-SEEN MATERIAL, PROVIDED IN ADVANCE FOR PREPARATION AND STUDY FOR THE EXAMINATIONS
More informationYear-end end report 2000
The ASSA ABLOY Group is the world s leading manufacturer and supplier of locks and associated products, dedicated to satisfying end-user needs for security, safety and convenience. Year-end end report
More informationPrincipal Brands UK and Northern Ireland
Profile UK and Ireland based Building Materials Group Principal activities Builders and Plumbers Merchanting DIY Retailing in Ireland Dry Mortar Manufacturing Annualised turnover over 2.8 billion Market
More informationFor personal use only
202 Full-Year Results Supplementary Information (To be read in conjunction with the Full-Year Results Teleconference presentation) 6 August 202 Presentation outline 2 Item Page Coles 3 2 Home Improvement
More informationRevenue increased by 8.08% from billion RUR in 1Q 2017 to billion RUR in 1Q 2018.
Press Release Krasnodar April 20, 2018 PJSC Magnit Announces Unaudited 1Q 2018 Results Krasnodar, Russia (April 20, 2018): Magnit PJSC, one of Russia s leading retailers (MOEX and LSE: MGNT) announces
More informationFY 2015/16 RESULTS PRESENTATION. 14 December 2016
FY 2015/16 RESULTS PRESENTATION 14 December 2016 DISCLAIMER AND NOTES To the extent that statements in this presentation do not relate to historical or current facts, they constitute forward-looking statements.
More informationMatas FY/Q4 2016/17 Results
Matas FY/Q4 2016/17 Results Forward Looking Statements This presentation contains statements relating to the future, including statements regarding Matas A/S future operating results, financial position,
More informationQ Sales inc. VAT 11 October 2012
Q3 2012 sales (inc. VAT): +2.1% to 22.6 bn Continued growth in emerging markets, notably Latin America, better quarter in France 9-month 2012 sales (inc. VAT) up 1.3% to 66.3 bn Q3 2012 sales: 22.6 bn,
More informationHONEYWELL AUTOMATION INDIA LTD
HONEYWELL AUTOMATION INDIA LTD 33 rd Annual General Meeting Health, Safety, and Environment 1 Metrics: SOS and TCIR Commitment 3.7 7.3 17.0 14.2 15.3 12.4 0.1 0.4 0.2 2012 2013 2014 2015 2016 2017 YTD
More informationInvestor Presentation February 2012
Investor Presentation February 2012 1 Safe Harbor Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. Comments made during this presentation include forward-looking statements.
More informationSGREIT s 4Q FY17/18 DPU of 1.09 cents stable against 3Q FY17/18
Media release by: YTL Starhill Global REIT Management Limited (YTL Starhill Global) Manager of: Starhill Global Real Estate Investment Trust (SGREIT) SGREIT s 4Q FY17/18 DPU of 1.09 cents stable against
More information