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
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GROUP - HIGHLIGHTS
Business Highlights
Revenues
Profitability
For FY 2022, Savola Group reported overall healthy business performance across its portfolio (except the Food Services segment) despite a challenging macro environment
Foods Processing segment led with a strong growth YoY despite higher commodity costs and macro challenges
Retail segment reported a smaller loss compared to last year on the back of the CXR program in addition to the closure of some stores. CXR program has started to yield positive outcomes in terms of higher sales intensity in completed stores
Savola Group reported topline growth of 14 % in FY 2022
Foods Processing segment grew by about 30% in revenues, led mainly by higher selling prices to partially offset higher commodity costs
Retail segment reported about 3% decline, mainly due to store closures and sales disruption due to revamp works in stores undergoing CXR implementation
Gross profit reached SAR 4.9 billion, which is higher by 9% YoY, primarily driven by better pricing in the Foods Processing segment. The margin declined from 18.2% to 17.4% primarily due to increase in input costs impacting Food Services and Frozen Foods segment
The Group recorded EBITDA of SAR 2.7 billion with a margin of 9.6%
Net income reached SAR 743 million compared to SAR 222 million last year; the improvement is primarily attributable to the reduced losses in Retail segment, better performance of the Foods Processing segment and higher share of profit from associates
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GROUP - CONSOLIDATED FINANCIAL HIGHLIGHTS
SAR in millions
Q1-21
Q1-22
Q2-21
Q2-22
Q3-21
Q3-22
Q4-21Q4-22
Margin
FY-21
FY-22
+26%
7,489
Sales
5,954
+6%
Gross Profit
1,212
1,285
+17%
5,912
6,888
+12%
1,116
1,248
+17%
6,048
7,072
+12%
1,024
1,149
-2%
6,755
6,605
+6%
1,128
1,192
+14%
24,669
28,055
+9%
4,479
4,874
20.4%
17.2%
18.9%
18.1%
16.9%
16.2%
16.7% 18.0%
18.2% 17.4%
Note: numbers are rounded
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SAVOLA Group Company SJSC published this content on 05 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 April 2023 09:00:05 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.