Third Quarter 2017 Results CEO Jorge Luis Ramirez Rubio CFO Andrés Colichón Sas
Disclaimer • This presentation has been prepared by Camposol Holding Plc. (the “Company”) . The presentation and its contents may not be reproduced, redistributed or passed on, directly or indirectly to any other person or published or reproduced directly or indirectly, in whole or in part, by any medium or in any form for any purpose. Specifically, the presentation may not be distributed, forwarded or published, directly or indirectly, in whole or in part, in or into the United States, Canada, Australia or Japan, or in any other jurisdiction in which such distribution, or publication would be prohibited by applicable law. • The information contained in this presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for or purchase the securities discussed herein in any jurisdiction, nor does it constitute a recommendation regarding the securities of the Company. Neither this presentation nor any part of it shall form the basis of, or be relied upon in connection with any offer, or act as an inducement to enter into any contract or commitment whatsoever. • Specifically, this presentation and the information contained herein are not an offer of securities for sale in the United States and are not for publication or distribution to persons in the United States (within the meaning of Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”)) . The securities in the Company have not been and will not be registered under the Securities Act. • The presentation is the sole responsibility of the Company. The information may be subject to updating, completion, revision and amendment and such information may change materially. No representation or warranty, express or implied, is or will be made by the Company, its advisors, parent or subsidiary undertakings of any of the foregoing or any such person’s affiliates, directors, officers or employees, or any other person as to the accuracy, completeness or fairness of the information or opinions contained in this presentation and any reliance you place on them will be at your sole risk. Without prejudice to the foregoing, the Company, its advisors, parent or subsidiary undertakings of any of the foregoing and any such persons’ affiliates, directors, officers or employees do not and will not accept any liability whatsoever for any loss howsoever arising, directly or indirectly, from use of this presentation or its contents or otherwise arising in connection therewith. The Company is under no obligation to update or keep current the information contained in this presentation and any opinions expressed in it are subject to change without notice. • This presentation contains certain forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which it operates. Forward-looking statements concern future circumstances and results and other statements that are not historical facts, sometimes identified by the words “believes”, “expects”, “predicts”, “intends”, “projects”, “plans”, “estimates”, “aims”, “foresees”, “anticipates”, “targets”, and similar expressions. The forward-looking statements contained in this presentation, including assumptions, opinions and views of the Company or cited from third party sources are solely opinions and forecasts which are uncertain and subject to risks. A multitude of factors can cause actual events to differ significantly from any anticipated development. Neither the Company or its advisors nor any parent or subsidiary undertakings of any of the foregoing or any such person’s affiliates, directors, officers or employees make any guarantees that the assumptions underlying such forward-looking statements are free from errors nor does any of the foregoing accept any responsibility for the future accuracy of the opinions expressed in this presentation or the actual occurrence of the forecasted developments. 2
Agenda 3Q 2017 Highlights Company Overview Financial Review Summary Appendix
EBITDA (1) YTD of USD 79.7 million, up 100% compared to same period last year, mainly driven by higher avocado results. LTM EBITDA (1) of USD115.9 million. Revenues (1) and EBITDA (1) 3Q-17 (USD MM) Highlights EBITDA: 4 EBITDA (1) LTM of USD 115.9 million at closing 3Q-17, 51.3% Sales EBITDA (1) higher than 2016 EBITDA. EBITDA (1) YTD of USD 79.7 million at closing 3Q-17, 100.0% 341.9 higher than YTD 3Q-16 EBITDA. 276.7 Revenues and volume: 240.6 23.6% Sales (1) YTD of USD 240.6 million at closing 3Q-17, 37.2% higher than 2016. Sales (1) LTM of USD 341.9 million at closing 3Q-17, 23.6% 175.4 37.2% higher than 2016 sales. Volume sold YTD of 77.5 MT, up 42.8% from same period last year, mainly explained by higher volume of avocado, shrimp 51.3% 100.0% 115.9 79.7 76.6 and blueberry. 39.9 Improving net leverage ratio(1)(2): from 1.9x in 2Q-17 to 1.1x in YTD - 3Q-16 YTD - 3Q-17 2016 LTM -3Q-17 3Q-2017. Total volume (1) sold 3Q-17 (MT 000) As of June 30 th , 2017, Camposol maintained a cash balance of USD 36.1 million. Other Blueberries Camposol introduces “The Berry that Cares” . It is Camposol’ s 98.8 Avocados Marinasol proposition to communicate its commitment to the environment, its communities, workers, and the consumer. 10.3 77.5 75.6 Camposol certified OHSAS 18000. 8.1 8.9 42.3 We opened our third commercial office in Shanghai – China in 54.3 36.9% 30.7% August 2017. 22.9 6.7 41.9 11.2 10.9 22.6 4.3 4.0 35.0 32.9 23.1 21.0 Source: Company data as of September 2017. (1) Without discontinued operations. (2) Net leverage ratio = (Gross debt – cash) / LTM EBITDA (1) YTD - 3Q-16 YTD - 3Q-17 2016 LTM -1H-17
Agenda 3Q 2017 Highlights Company Overview Financial Review Summary Appendix
Camposol at a glance Vision “Being the preferred and state-of-the-art supplier of healthy and fresh food for families worldwide.” Mission “Providing consumers worldwide, by way of our customers, with healthy food through differentiated products. This is achieved through operating excellence, innovation and the development of our people, which generates a positive and real impact on the wellbeing of the communities where we operate, creating sustainable value for our shareholders.” Positioned in the healthy food segments of fruits and seafood products. Large bank of land: 24,268 hectares (1) out of which approximately 9,054 (2) hectares have been planted and 1,222 hectares are being used for shrimp production. Employs on average 17,200 (3) workers. Commercial offices: One in the US, with 6 distribution centers in the US and 2 in Canada, another one in the Netherlands, with 3 distribution centers in Europe and another one in China. Strong Corporate Governance: 3 out of 7 Board members are independent and the whole management team is independent. Strategic location with favorable climatological conditions allows the Company to harvest on counter seasons with higher yields. Equator line PERU PERU PERU PERU PERU PERU PERU PERU PERU Legend Emerging producers Historical producers Source: Company data as of September 2017 (1) 1 hectare = 2.47 acres (2) Gross planted. Although 5,243 hectares have been planted, road, facilities, intangible areas, among others, also constitute part of the gross planted hectares. 6 (3) This number includes workers from Camposol, Marinazul, INYSA and Cofresac as of September 2017.
Camposol Fruits & Vegetables (F&V) is our division specialized in the agro industrial business… Highlights Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Climatic factors in Peru provide significantly better product yields. Natural greenhouse conditions and stable temperatures throughout the year: Blueberries − Humboldt current. − Proximity to the tropical equatorial regions. Little weather fluctuations. − Avocados Sandy soils with drip irrigation systems along coastal desert plains. No extreme climate: All major agricultural risks (floods, frost, droughts) mitigated by the − Tangerines stable weather conditions. Blueberries, avocados and grapes have been traditionally grown and consumed on the northern hemisphere. As population expanded, regions in the southern hemisphere became the Grapes natural suppliers of these fruits. Consumers in the northern hemisphere were subject to natural seasonality and harvest of these fruits, lacking adequate supply during a significant portion of the year. Mangos Countries such as Peru now take a lead role in supplying the northern hemisphere by taking advantage of a different seasonality, effectively creating ‘year - round’ supply, and accessing the market when supply from other regions is seasonally low. Camposol has year-round production that allows for cost-effective use of labor and productive resources. 7
Recommend
More recommend
