PRESENTATION ON 2015 THIRD QUARTERLY RESULTS€¦ · PRESENTATION ON 2015 THIRD QUARTERLY RESULTS ....

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

PRESENTATION ON 2015 THIRD QUARTERLY RESULTS A presentation in relation to the results of Tingyi (Cayman Islands) Holding Corp. for the Quarterly Results For The Nine Months Ended 30th September 2015 is appended to this announcement. By order of the Board Tingyi (Cayman Islands) Holding Corp. Ip Pui Sum Company Secretary Hong Kong, 16 November 2015 As at the date of this announcement, Mr. Wei Ing-Chou, Mr. Junichiro Ida, Mr. Wu Chung-Yi, Mr. Nagano Teruo, Mr. Wei Hong-Ming and Mr. Koji Shinohara are executive Directors of the Company. Mr. Hsu Shin-Chun, Mr. Lee Tiong-Hock and Mr. Hiromu Fukada are independent non-executive Directors of the Company. * For identification purposes only

website: http://www.masterkong.com.cn

http://www.irasia.com/listco/hk/tingyi

http://www.masterkong.com.cn/

http://www.irasia.com/listco/hk/tingyi

@2015 Tingyi (Cayman Islands) Holding Corp., All rights reserved.

• Tingyi Holding Corp.3Q 2015 Results

16 November 2015Hong Kong

0322 HK


Disclaimer

The information contained in this presentation is intended solely for your personal reference. Such information issub j ec t to change wi t ho u t no t i ce and no repre sen ta t io n or war r an t y exp ress o r imp l i ed is mad e as to , and noreliance, should be placed on, the fairness, accuracy, completeness or correctness of the information contained inthi s p re senta t io n . Thi s pre senta t io n do es no t int end to pro vid e , and yo u may not r e ly o n thi s pr e sen ta t io n asprovid ing, a co mple te or co mprehensive analys is o f the Co mp any’s f inanc ia l o r t rad ing p osi t io n or pro spec t s .None of the Company nor any of i ts respective affi l ia tes, advisors or representat ives shall have any liabil ity ( innegligence or otherwise) whatsoever for any loss or damage howsoever ar ising from any use of this presentat ionor its contents or otherwise arising in connection with this presentation.

This presenta t io n co nta ins p ro jec t io ns and forward loo king st a t ements tha t ma y re f l ec t the Co mp any’s cur r entviews with respect to future events and financial performance. Readers are cautioned not to place undue relianceon these forward -looking sta tements which a re subjec t to var ious r i sks and uncer ta int ies and no assurance canbe given that actual results will be consistent with these forward-looking statements. The Company undertakes noobliga t ion to publ ic ly update or revise any forward-looking statements, whether as a resul t o f new information,future events or otherwise.

This presentation does not constitute an offer or invitation to purchase or subscribe for any securities or financialinstruments or the provision of any investment advice, and no part of it shall form the basis of or be relied upon inconnec tion wi th any contract , commitment or inves tment decision in relat ion thereto , nor does this presentat ionconstitute a recommendation regarding the securities or financial instruments of the Company.

@2015 Tingyi (Cayman Islands) Holding Corp., All rights reserved. 3

3Q 2015 review

Financial highlights

Market shares

Distribution network

Production summary

Contents


3Q 2015 – Sales & Profit

US$ million 3Q2015 3Q2014 Change%

Turnover 2,764 2,954 -6.45

Gross Profit 920 947 -2.87

Gross Margin 33.30% 32.07% 1.23ppt.

EBITDA 408 401 1.67

Profit 188 206 -8.48

Profit attributable to owners of the Company 144 160 -9.63

EPS (US cents) 2.57 2.85 -0.28cents

4


1-9/ 2015 – Sales & Profit

US$ million 1-9/2015 1-9/2014 Change%

Turnover 7,634 8,458 -9.75

Gross Profit 2,522 2,658 -5.10

Gross Margin 33.04% 31.42% 1.62ppt.

EBITDA 1,088 1,105 -1.55

Profit 461 543 -14.96

Profit attributable to owners of the Company 342 392 -12.67

EPS (US cents) 6.10 6.99 -0.89cents

5


Beverages58%

Noodles38%

Instant food2%

Others2%

3Q2014

Turnover by Products


Instant noodles 1,062 1,132 - 6.20Beverages 1,638 1,729 -5.26

Instant food 36 47 -23.44Others 28 46 -40.22Total 2,764 2,954 -6.45

Beverages

59%Noodles

39%

Instant

food

1%

Others

1%

3Q2015

6


Beverages60%

Noodles37%

Instant food2%

Others1%

1-9/2014

Turnover by Products

US$ million1-9/2015 1-9/2014 Change%

Instant noodles 2,854 3,166 - 9.85Beverages 4,600 5,061 -9.11

Instant food 103 137 -24.73Others 77 94 -18.58Total 7,634 8,458 -9.75

Beverages

60%Noodles

38%

Instant

food

1%

Others

1%

1-9/2015

7


Bowl46%

Mid end

Packet

11%

Snack Noodle & Others

3%

High end

Packet40%

Bowl47%

High end Packet

41%

Mid end Packet

10%

Snack Noodle

& Others

2%


Bowl 502 520 -3.60

High end Packet 433 452 -4.10

Mid end Packet 106 130 -18.48

Snack Noodle & Others 21 30 -29.59

Total 1,062 1,132 -6.20

Instant Noodle Sales by Products

3Q2014 3Q2015

8


Bowl

48%

High end

Packet

38%

Mid end

Packet

11%

Snack Noodle & Others

3%

Bowl48%

High end Packet

40%

Mid end Packet

10%

Snack Noodle

& Others

2%


Bowl 1,376 1,511 -8.97

High end Packet 1,123 1,211 -7.20

Mid end Packet 294 356 -17.54

Snack Noodle & Others 61 88 -30.51

Total 2,854 3,166 -9.85

Instant Noodle Sales by Products

1-9/2014 1-9/2015

9


Tea36%

Water20%

Juice15%

Tea41%

Water20%

Juice14%

CSD & Others25%


Tea 665 626 6.36

Water 327 350 -6.65

Juice 235 248 -5.13

Carbonated drinks and Others 411 505 -18.72

Total 1,638 1,729 -5.26

Beverage Sales by Products

3Q2014 3Q2015

CSD & Others29%

10


Tea40%

Water20%

Juice17%

Tea42%

Water18%

Juice15%

CSD & Others

25%


Tea 1,922 2,011 -4.41

Water 855 1,000 -14.54

Juice 678 867 -21.69

Carbonated drinks and Others 1,145 1,183 -3.32

Total 4,600 5,061 -9.11

Beverage Sales by Products

1-9/2014 1-9/2015CSD & Others

23%

11


Gross Margin by Products

0

10

20

30

40

Instant

noodles

Beverages Instant

food

Overall

29.81

33.4136.19

32.0731.76 34.47

32.44 33.30

3Q2014

3Q2015%

1.95 1.06 -3.75 1.23

Change (ppt.)

12


Gross Margin by Products

0

5

10

15

20

25

30

35

40

Instant

noodles

Beverages Instant

food

Overall

28.19

33.4335.59

31.4230.84

34.64 32.96 33.04

1-9/20141-9/2015%

2.65 1.21 -2.63 1.62

Change(ppt.)

13


EBIT by Products

US$’ 000 3Q2015 3Q2014 Change%

Instant noodles 148,071 153,121 -3.30

Beverages 117,933 113,443 3.96

Instant food -5,683 -4,141 -37.23

Others 10,084 15,467 -34.82

EBIT 270,405 277,890 -2.69

14


EBIT by Products

US$’ 000 1-9/2015 1-9/2014 Change%

Instant noodles 341,172 342,010 -0.24

Beverages 340,527 387,368 -12.09

Instant food -16,702 -15,488 -7.84

Others 18,177 14,043 29.42

EBIT 683,174 727,933 -6.15

15


Profit

US$’ 000 3Q2015 3Q2014 Change%

Instant noodles 112,645 119,174 -5.48

Beverages 78,837 82,646 -4.61

Instant food -5,651 -4,125 -37.02

Others 2,263 7,837 -71.12

Profit 188,094 205,532 -8.48


Profit

US$’ 000 1-9/2015 1-9/2014 Change%

Instant noodles 265,856 280,404 -5.19

Beverages 215,890 279,656 -22.80

Instant food -16,606 -14,777 -12.38

Others -3,754 -2,752 -36.41

Profit 461,386 542,531 -14.96


Financial Position

*ROA(Annualized)

9.76% 7.78%

*ROE(Annualized)

14.90% 13.54%

Current Ratio 0.77 0.64

Gearing Ratio 0.28 0.48

A/R Turnover /Days 9.81 8.89

Finished Goods Turnover/Days 9.71 11.73

At 30/09/2015, Cash and cash equivalents was US$1.666 billion*ROA：EBIT to average total assets *ROE：Profit attributable to equity holders of the Company to average net assets

As at 31/12/2014As at 30/09/2015

18


Material Price

RMB/Ton

5,050

3,430

19

2,000

2,300

2,600

2,900

3,200

3,500

3,800Flour

3,500

4,500

5,500

6,500

7,500

8,500

9,500

10,500Palm Oil

6,000

7,000

8,000

9,000

10,000

11,000

12,000

13,000

14,000

PET Resin

7,2500

2,000

4,000

6,000

8,000

10,000 Sugar

5,570


42.741.2

43.3 42.9 44.0 43.9 44.9 44.245.7 46.3

47.7 47.4 47.2 46.3 46.9 46.0 46.3

13.3

15.8 16.8 17.6 17.4

11.210.4 9.0

7.1

7.49.3 8.8 9.0 7.7

8.1

0.0

10.0

20.0

30.0

40.0

50.0

60.0

11.Q3 12.Q3 13.Q3 14.Q3 15Q3

Instant Noodle Market Share-by Volume Instant Noodle Market Share-by Value

Source：Nielsen

Tingyi Holding

Company B

Company A

Company C

57.1 56.2 56.7 56.3 56.5 56.3 56.5 55.6 56.0 56.4 57.2 57.1 56.4 55.6 55.9 55.2 55.0

13.916.4 17.6 18.2 18.1

8.3 7.8 6.9 5.7 6.1

5.9 5.8 6.0 5.3 5.70.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

11.Q3 12.Q3 13.Q3 14.Q3 15Q3

Tingyi Holding

Company B

Company A

Company C

%%

20


54.1

51.5

47.247.4

48.3

47.6

46.3

51.2

53.6

52.5 51.3

54.2

56.054.5

53.956.4

56.6

21.2

27.8 28.5 27.9 27.7

1.9 1.1 0.7 0.2 0.0

12.411.2

7.45.8 5.0

0.0

10.0

20.0

30.0

40.0

50.0

60.0

11 Q3 12 Q3 13Q3 14Q3 15Q3

51.6

47.8

42.4

43.9 45.2

44.0 41.8

45.7 47.8

45.8

43.4

46.8

48.9 47.0

46.0

48.5 49.4

21.9

29.031.5 31.1 31.6

1.9 1.1 0.70.3 0.0

13.5 12.1

8.3 6.5 5.5

0.0

10.0

20.0

30.0

40.0

50.0

60.0

11 Q3 12 Q3 13Q3 14Q3 15Q3

RTD Tea Market Share-by Volume RTD Tea Market Share-by Value

Tingyi Holding

Company A

Company B

Company C

Tingyi Holding

Company A

Company B

Company C

21

% %

Source: Nielsen


55.9

55.253.152

51.1

51.9

52.253.4 53.8 54.8

55.9 56.1

56.5

56.1

56.5 56.355.7

18.6

23.224.7

23.424.5

2.1 1.4 0.9 0.3 0

11.910.8

8.16.7

5.4

0.0

10.0

20.0

30.0

40.0

50.0

60.0

11 Q3 12 Q3 13 Q3 14Q3 15Q3

RTD Tea （no milk tea） Market Share-by Volume RTD Tea （no milk tea）Market Share-by Value

57.1

56.855.1 53.3

52.5

53.5

54.5

57.1

58.059.4 60.8

60.9 61.4 61.4

62.3

62.4 61.4

19.0

23.8 23.922.6 22.6

2.0 1.3 0.8 0.3 0.0

11.3 10.2

7.25.8 5.0

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

11 Q3 12 Q3 13 Q3 14Q3 15Q3

Tingyi Holding

Company A

Company B

Company C

Tingyi Holding

Company A

Company B

Company C

22

% %

Source: Nielsen


21.1

20.3

17.8

28.9

30.0

27.125.2

30.5

33.8

31.0

25.4

28.3

28.4

26.1

21.9

21.4

23.9

16.1 17.419.0 18.6

20.3

32.4

28.2

26.925.7

26.2

4.63.7 3.4 3.5

4.6

5.7

8.2

6.35.4

4.5

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

11 Q3 12 Q3 13Q3 14Q3 15Q3

25.3 22.7

20.6

22.5

24.1

21.5

19.7

22.7

25.9

22.6

20.3

21.821.9

19.1

17.6

17.718.6

13.6

11.4

11.3

10.99.3

17.422.1

21.2

20.2

20.1

7.0

8.8

8.3 8.0 7.86.5

7.7

9.8

13.1

17.1

2.4 2.1 1.7 1.3 1.00.0

5.0

10.0

15.0

20.0

25.0

30.0

11 Q3 12 Q3 13 Q3 14Q3 15Q3

Bottle Water Market Share-by Volume

Company D

Tingyi Holding

Company B

Company A

Company C

Company E

Diluted Juice Drinks (below39% juice content) Market Share-by Volume

Company A

Company B

Company D

Company C

23

Tingyi Holding

%%

Source: Nielsen

@2015 Tingyi (Cayman Islands) Holding Corp., All right reserved.

A) Nation-Wide Distribution Network

As at 30/09/2015 As at 31/12/2014

Sales Offices： 606 582

Warehouse： 73 77

Wholesaler： 30,574 36,837

Direct Retailer： 113,094 18,359

B) Production LinesNoodles 230 238

Beverage 470 444

Instant food 15 15

24

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