This presentation might contain forward-looking statements which may be identified by the use of words like "plans," "expects," "will," "anticipates," "believes," "intends," "projects," "estimates" or other words of similar meaning. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, market position, expenditures, and financial results, are forward looking statements.
Forward-looking statements are based on certain assumptions and expectations of future events. The Savola Group (Savola or Group), its subsidiaries and its affiliates (the "Companies") referred to in this presentation cannot guarantee that these assumptions and expectations are accurate or will be realized. The actual results, performance or achievements of the Companies, could thus differ materially from those projected in any such forward-looking statements. The Companies assume no responsibility to publicly amend, modify or revise any forward looking statements, on the basis of any subsequent developments, information or events, or otherwise.
Information contained in this presentation is subject to change without further notice, its accuracy is not guaranteed, and it may not contain all material information concerning The Savola Group and its affiliates. We do not make any representation regarding, and assume no responsibility or liability for the accuracy or completeness of, or any errors or omissions in, to any information contained herein.
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Group Key Financial Highlights
Performance by Segment
3
GROUP - HIGHLIGHTS
Business Highlights
Revenues
Profitability
During Q1 2022, Savola Group witnessed YoY improvement in revenues across all business segments; driven by:
Foods segment witnessed increases in prices in response to higher commodity prices and continued B2B volume growth
Retail segment showed topline growth compared to last year and witnessed YoY decline in losses
Food service segment continued to grow YoY both in top line and bottom line
Savola Group recorded 25.8% growth in topline driven by ~49% growth in the foods segment and ~3% growth in retail segment
Growth in foods segment was largely driven by edible oil category in KSA and Egypt as a result of increase in volumes and prices
The Group recorded EBITDA of SAR 781mn in Q1 2022 compared to SAR 641mn last year
Net Income reached SAR 271mn in Q1 2022 compared to SAR 154mn last year (+76% growth) primarily attributable to higher net income in foods segment, lower losses in retail segment and higher share of income from associates
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GROUP - CONSOLIDATED FINANCIAL HIGHLIGHTS
Margin
SAR in millions
Q1-21
Q1-22
Q1-21
Q1-22
▪
Group reported YoY growth due
to:
Q1-19
⁻
Higher prices and recovery of
B2B channel in the foods
+26%
+6%
segment
⁻ YoY growth in retail segment
Sales
5,954
7,489
Gross Profit
1,212
1,285
driven
by
earlier
Ramadan
season
⁻ Growth in foodservice segment
20.4%
17.2%
▪
Overall YoY lower gross margins
due to higher competition in
+22%
+76%
retail and the cost increases
EBITDA
641
781
Net Income
271
154
10.8%
10.4%
2.6%
3.6%
*In Q1 2021, Savola Foods provisioned SAR 23 million in emerging markets
Note: numbers are rounded
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SAVOLA Group Company SJSC published this content on 22 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 May 2022 13:45:05 UTC.
Savola Group Company SJSC is engaged in food and retail sectors. It operates following segments: Food processing segment, which includes manufacturing, sale and distribution of Edible oils, Sugar, Pasta, Spices, Nuts, and Pulses, among others. Retail segment, which includes hyper markets and super market operations; Food services segment, which includes food products and fast food restaurantsâ chain operated by Herfy; Frozen Food segment, which includes manufacturing, wholesale and retail distribution of frozen food products operated by Good Food Company; Investments segments, which includes real estate activities, investments in associates, fair value through profit or loss (FVTPL), Fair Value through Other Comprehensive Income (FVOCI) and other investments; and Others or Eliminations segment, which mainly include the eliminations. Its subsidiaries include Panda Retail Company, Good Food Company, and Al Matoun International for Real Estate Investment Holding Company, among other.
SAVOLA GROUP COMPANY 
