Presentation of financial results of FFiL Śnieżka S.A. for Q Warsaw, 15 May 2012 WSE listed company member of 1

Transcription

1 Presentation of financial results of FFiL Śnieżka S.A. for Q Warsaw, 15 May 2012 WSE listed company member of 1

2 Realised financial results Group's development perspectives Corporate information 2

3 Capital Group LITHUANIA RUSSIA POLAND BELARUS Śnieżka-Ukraina UKRAINE ROMANIA

4 Consolidated Q results in PLN million Q Q dynamics revenue % EBIT % EBIT margin 7.5% 5.8% EBITDA % EBITDA margin 11.2% 9.8% net profit % 4

5 Main factors influencing Q results - Raw material prices have remained high, - Stronger PLN exchange rate, - Foreign exchange gains on measurement of a foreign currency loan in the amount of PLN 4.5 million, - Increased sales in Poland and Ukraine. 5

6 Polish market in Q Share in the decorative paint market (in terms of value) Increase in Śnieżka's sales in Poland in Poland in Q by 4.7% Pozostali Other 31% PPG 20% Akzo Nobel 19% (data in million PLN) +4.7% Tikkurila 14% Śnieżka 16% 65,8 68,9 Source: FFiL Śnieżka S.A. Q1 1 kw Q1 kw increased costs of raw materials 2011, remaining high in average paint consumption per 1 person in Poland is approx. 10 litres - Polish decorative paint market is worth PLN 2 billion 6

7 Share of foreign markets in Group's sales data in million PLN % 15,9% 24.8 Q Q ,6% 28.6% % +2,4% Ukraine Belarus Other 7

8 Group's development perspectives - development of the multibranding strategy introducing new brands - growing sales in retail chains in Poland and Ukraine (Leroy Merlin, OBI, NOMI, Bricomarche, Praktiker, Castorama) - capital expenditures - increase in sales of industrial paints (powder and fireprotective paints) 8

9 Retail chain investments in planned increase in expenditures in creation of product aisles: Śnieżka, Magnat and Vidaron - planned opening/alteration of 100 outlets 9

10 Ukrainian market - 3% growth in the volume of the Ukrainian paint market in Q Average paint consumption per 1 person is 5.7 litres - Śnieżka's estimated share in the Ukrainian market is 24.5%, 31% share in the emulsion paint segment Śnieżka's sales in the Ukrainian market in Q in millions of UAH +6.4% 59,6 63,4 1 kw kw Q Q

11 Belarusian market - Śnieżka BELPOL manufacturer of putty compounds and impregnating agents, it started manufacturing white emulsion paints in Increase in production capacity for putty compounds in Average paint consumption per 1 person is 5 litres - Śnieżka's estimated share in the Belarusian market is 15% - Severe currency crisis in Rapid devaluation of the Belarusian ruble from 3,500 to 8,800 USD/BYR Śnieżka's sales in the Belarusian market in Q in millions of PLN % 13,3 9,5 1 kw kw Q Q

12 Export to Moldova and Russia - Markets traditionally "accustomed" to the dollar - In 2011, the volume of the Russian market was 1,264 thousand tons; in 2011, this market grew by 2% - Average paint consumption per 1 person in Russia is approx. 7 litres, and 5 litres in Moldova Śnieżka's export to Moldova and Russia in millions of PLN 1 Q1 kw Q1 kw ,5 1 1,5 1,1 1,3 1,8 0,5 0 Moldova Mołdawia Russia Ros ja Source: Chimexpert and data of FFiL Śnieżka S.A. 12

13 Dividend policy Planned distribution of profit: dividend payment amounting to 25%-50% of the profit earned Proposed dividend from 2011 profit is PLN 1.35 per share Śnieżka is included in the index of dividend companies WIGdiv Dywide nda na 1 akc ję w zł Dividend per share in PLN 1,60 1,70 1,00 1,10 1,35 1,35 0,42 0,

14 Repurchase of equity shares Repurchase of up to 1,570,620 shares, i.e. 10.1% of the overall number of votes in the company Repurchase to be completed by the end of 2012 Call to subscribe for the sale of shares between 9 and 22 May 2012 The call price is PLN per share, totalling PLN 48.7 million 14

15 Thank you! 15