Transcript Slide 1

United Breweries Limited
Performance – December 2007
1
Latest update
• All expansions on track to provide
sufficient capacity for the coming season
• Draft document for the rights issue filed
with SEBI
• Proceeds to fund the expansions in the
next financial year
2
OPERATIONS REVIEW
3
Volume Growth – 9 months
+ 13.7%
+ 14.1%
+ 12.7%
Industry
+ 12.3%
Combined
Business
UBL
Only
MABL
Only
4
Industry growth based upon secondary sales data
Kingfisher Performance – 9 months
+23.4%
+7.5%
Dec 06
Dec 07
Industry Growth +8.0%
Premium
Dec 06
Dec 07
Industry Growth +14.9%
Strong
5
FINANCIAL REVIEW
6
Results Dec 07
United Breweries Limited
In rupees crore
Nine months ended
31.12.2007 31.12.2006
Audited
Incl. of KBD
Net Sales/Income from operations
Other Income
Total Income
Expenditure
Cost of production
Advertisement & Sales Promotion
Other operating Costs
844.95
18.75
863.70
601.10
9.59
610.70
683.30
439.17
234.03
51.06
283.05
170.46
38.70
PBIDT
Margin on sales
139.43
16.50%
118.48
19.71%
PBIDT
139.43
118.48
Finance charges
28.25
17.48
Depreciation
42.54
16.00
Profit Before Non recurring items &Taxation
68.64
85.01
-19%
Taxation
Net Profit
(25.74)
42.90
(31.58)
53.43
-20%
COMBINED BUSINESS
PBIDT
Finance charges
Depreciation
Profit Before Non recurring items &Taxation
161.34
47.59
60.32
53.43
141.02
40.89
31.22
68.91
41%
18%
120.82
17.68%
Non Recurring items
14%
-22%
KBD was merged in June 07 with effect from April 1, 06, hence the
comparative
7
UNITED BREWERIES LIMITED
Rupees Million
As at
As at COMBINED BUSINESS
31.12.07
31.3.07
30.9.07
31.3.07
Debt
4,146
4,762
7,227
7,766
Net Worth
6,005
5,583
3,836
3,498
GEARING
0.69
0.85
1.88
2.22
PBIDT
1,394
1,615
1,613
1,858
Interest
283
280
476
536
INTEREST COVER
4.94
5.77
3.39
3.47
Capital Employed
10,152
10,344
11,063
11,263
ROCE
17.97%
15.61%
18.84%
16.49%
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UNITED BREWERIES LIMITED
BALANCE SHEET
Amounts in rupees million
Sources
Share Holders Funds
Loan Funds
Total Sources
Application
Fixed Assets
Investments
Net Current Assets
Total Application
As at
As at COMBINED BUSINESS
31.12.07
31.3.07
31.12.07
31.3.07
6,005
4,146
10,152
5,583
4,762
10,344
3,836
7,227
11,063
3,498
7,766
11,263
6,467
950
2,735
10,152
5,262
591
4,491
10,344
7,839
361
2,863
11,063
6,561
1
4,702
11,263
9
Thank you
10