FORUS S.A. Second Quarter 2022
June 30, 2022
Certain information set forth in this presentation contains "forward-looking information". Except for statements of historical fact, information contained herein constitutes forward-looking statements and may include, but is not limited to, the projected financial performance and financial position of the Company; the expected development of the Company's business, projects and joint ventures; the execution of the Company's vision and growth strategy; the renewal of the Company's current customer, supplier and other material agreements; the completion of the Company's projects that are currently underway, in development or otherwise under consideration; and the Company's future liquidity, working capital, and capital requirements. These statements are not guaranteeing of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
FORWARD-LOOKING STATEMENT DISCLAIMER
2Q22: Best 2Q ever, in Revenue, EBITDA and Net Income
2Q22 | % Revenues | 2Q21 | % Revenues | YoY | |
Th Ch$ | Th Ch$ | ||||
Revenues | 88,872,413 | 70,646,127 | 25.8% | ||
Cost of Sales | (39,297,929) | -44.2% | (31,224,590) | -44.2% | 25.9% |
Gross Profit | 49,574,484 | 55.8% | 39,421,537 | 55.8% | 25.8% |
Distribution Expenses | (781,082) | -0.9% | (538,631) | -0.8% | 45.0% |
Administrative Expenses | (33,705,654) | -37.9% | (24,405,898) | -34.5% | 38.1% |
Selling, General and Administrative Expenses | (34,486,736) | -38.8% | (24,944,529) | -35.3% | 38.3% |
Operating Income | 15,087,748 | 17.0% | 14,477,008 | 20.5% | 4.2% |
Other income | 238,912 | 136,367 | 75.2% | ||
Other expenses | (1,094) | (89,469) | -98.8% | ||
Financial Income | (439,112) | (622,898) | -29.5% | ||
Financial Expenses | (442,045) | (345,601) | 27.9% | ||
Participation in gains (losses) of joint venture businesses | - | 7,339 | -100.0% | ||
accounted by using the proportional value of participation | |||||
FX Differences | 4,091,293 | 206,402 | 1882.2% | ||
Result of Indexation units | 187,240 | 178,612 | 4.8% | ||
Other gains and losses | (225,218) | (338,547) | -33.5% | ||
Non-Operating Income | 3,409,976 | 3.8% | (867,795) | -1.2% | -492.9% |
Profit before income tax | 18,497,724 | 20.8% | 13,609,213 | 19.3% | 35.9% |
Income Taxes | (5,050,187) | (3,541,332) | 42.6% | ||
Profit (Loss) | 13,447,537 | 15.1% | 10,067,881 | 14.3% | 33.6% |
Profit (loss) attributable to equity holders of parent | 13,447,484 | 10,103,314 | 33.1% | ||
Profit (loss) attributable to minority interest | 53 | (35,433) | -100.1% | ||
Profit (loss) | 13,447,537 | 15.1% | 10,067,881 | 14.3% | 33.6% |
EBITDA | 20,214,581 | 22.7% | 18,666,554 | 26.4% | 8.3% |
Forus Revenue, EBITDA & Net Income (CLP billion)
100.0
88.9
80.0
60.0
40.0
20.0 | 20.2 | |||||
13.4 | ||||||
0.0 | ||||||
2Q10 | 2Q12 | 2Q14 | 2Q16 | 2Q18 | 2Q20 | 2Q22 |
-20.0 | ||||||
Revenues | EBITDA | Net income |
3
2Q22: International subsidiaries record best quarter to date
25.0
20.0
15.0
10.0
5.0
0.0
-5.0
International - Revenue & EBITDA
20.8
5.1 | ||||||||||||||||||||||||
2Q10 | 4Q10 | 2Q11 | 4Q11 | 2Q12 | 4Q12 | 2Q13 | 4Q13 | 2Q14 | 4Q14 | 2Q15 | 4Q15 | 2Q16 | 4Q16 | 2Q17 | 4Q17 | 2Q18 | 4Q18 | 2Q19 | 4Q19 | 2Q20 | 4Q20 | 2Q21 | 4Q21 | 2Q22 |
Revenue | EBITDA |
2Q22 REVENUE | 2Q22 EBITDA |
International Chile | International Chile |
23% | 25% |
77% | 75% |
International performance driven by brand leadership, price management, innovation and expense rationalization
International Subsidiaries | |||||
(Ch$ million) | |||||
Total | |||||
P&L | 2Q22 | % Rev. 0 | 2Q21 | % Rev. | YoY% |
Revenues | 20,797 | 9,491 | 119.1% | ||
Cost of Sales | (9,104) | (4,524) | 101.2% | ||
Gross Profit | 11,693 | 56.2% | 4,967 | 52.3% | 135.4% |
SG&A | (8,037) | -38.6% | (4,296) | -45.3% | 87.1% |
Operating Inc | 3,655 | 17.6% | 670 | 7.1% | 445.2% |
EBITDA | 5,081 | 24.4% | 1,597 | 16.8% | 218.1% |
Forus Colombia inaugurated new offices in Bogota
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Forus SA published this content on 30 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 August 2022 14:59:07 UTC.
