BOD 22 July 09 Saeed

Board Meeting 22 July 2009 : 

Board Meeting 22 July 2009

Financial Performance Half Year 2009 : 

Financial Performance Half Year 2009

Slide 3: 

Grand Mills (AED’ MM) Volume growth of 17% net of the decline in pricing results to 8% top line growth. Easing of Wheat prices transcends to higher GP/NP. Competition prices drags Feed GP/NP down.

Slide 4: 

Flour (AED’ MM) Increase in sales volume and durable prices to customers yielded a 9% growth in Net Sales. Decline in Wheat prices resulted into higher GP/NP.

Slide 5: 

Feed (AED’ MM) Volume growth has been partially offset by drop in prices impacting top line growth to 6%. Average 13% decline in prices.

Slide 6: 

Water and Beverages (AED’MM) Strong growth of 43% in Net Sales – Water volume grew by 24%. Higher expenses due to new business launches and full year impact of infrastructure cost.

Slide 7: 

Al Ain Vegetable (AED’ MM) Business is in early stage of setting its market position. Reason for lower GP - Budget Sales Volume (7.1) Sales Price (9.8) Total Sales Variance (16.9) Cost price 1.7 Cost volume 7.3 Total Cost Variance 9.0 Total GP Variance (7.9)

Slide 8: 

Agthia (AED’ MM)

Slide 9: 

Agthia excl. new businesses (AED’ MM)

Slide 10: 

Cashflow (AED’ MM)

Slide 11: 

Directors’ Report

Slide 12: 

Directors’ Report (continued)

Slide 13: 

Directors’ Report (continued)

Slide 14: 

Directors’ Report (continued)

Slide 15: 

Balance Sheet (AED’ MM)

Slide 16: 

Average Working Capital (AED’ MM)

End : 

End

Slide 18: 

Growth in NS and NP (AED’ MM)