Annual results 2010 22/03/2011 - PowerPoint PPT Presentation

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Annual results 2010 22/03/2011

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  1. Annualresults 2010 22/03/2011

  2. Michel Moortgat, CEO Daniel Krug, COO Herbert De Loose, CFO

  3. Driven by quality, Duvel Moortgat is a niche playerthataims to occupy a leading position in the profitable segments of specialtybeers and premium brands … … both in Belgium and in itspriority export markets.

  4. Financial year 2010 • Sales • Investments • Key Figures • Prospects 2011

  5. Financial year 2010 • Sales • Investments • Key Figures • Prospects 2011

  6. Evolution turnover since 2002

  7. Turnover increaseswith 21,2 % to € 137 million. 13,5 % internalgrowth. 7,7 % growththrough the acquisition of the De Koninck group Growth of 106,6 % in the last 5 years. 43,5 % of sale has been realisedabroad.

  8. Sales evolution per brand • Duvel + 7,2% • Maredsous + 9,7% • Bel Pils - 3,8% • Vedett + 12,7% • Vedett White + 16,3% • Liefmans + 125,5% • Chouffe + 31,7% • Bernard + 3,4% • Ommegang + 46,6%

  9. Turnover per brand

  10. Salesevolution per Market • TotalInternal • Belgium + 23,87% + 10,97% • The Netherlands + 16,81% + 12,05% • France + 9,86% + 9,43% • UK + 8,49% + 7,94% • US + 38,92% + 38,92% • CzechRepublic + 3,4% + 3,4% • Other export + 17,78% + 16,96%

  11. Foreignactivities Duvel Moortgat

  12. Financial year 2010 • Sales • Investments • Key Figures • Prospects 2011

  13. In 2010 for € 16,2 million of investments • Continued expansion and renewal of buildings, bars and pubs in the amount of € 3,7 million • Renewal and additionalinvestments in cases, bottles and kegs : € 4,4 million • A new visitors center (€ 0,5 million) and investments in the production site (€ 1,2 million) at Brasserie d’Achouffe • A new warehouseatBrewery Ommegang : € 0,8 million

  14. Financial year 2010 • Sales • Investments • Key Figures • Prospects 2011

  15. EBIT

  16. EBIT riseswith 22,3 % to € 29,3 million EBIT marginincreasesfrom 21,2 % in 2009 to 21,4 % Stronglyinfluenced by : - the consolidation of the De Koninck group as from August 1, 2010 - the expensesrelated to the acquisition - increased marketing efforts

  17. Ordinary profit beforetax

  18. Net profit

  19. EBITDA

  20. Cash flow

  21. Key figures per share

  22. Financial year 2010 • Sales • Investments • Key Figures • Prospects 2011

  23. € 17 million variousinvestments in 2011 • Production & bottling line improvements and renewals in Belgium, the CzechRepublic and in the U.S. • Cases, bottles and kegs • Warehouseequipment • Horecaequipment • Environmental, safety and labo investments • IT and other

  24. Ambition is Continuedgrowth of turnover and net profit

  25. Questions & Answers