Asia Pacific Breweries Limited: Company Profile and SWOT Analysis - PDF - PDF by ICDResearch

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									Asia Pacific Breweries Limited

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Asia Pacific Breweries Limited                                          Financial Snapshot

                                                                        Operating Performance
Fast Facts
                                   #21-00 Alexandra Point, Singapore,   The company reported revenue of US$1,846.43
Headquarters Address
                                   119958,Singapore                     million during the fiscal year 2010 (2010). The
                                                                        company's revenue grew at a CAGR of 17.77%
Telephone                          + 65 63189393
                                                                        during 2006–2010, with an annual growth of 33.93%
                                                                        over 2009. In 2010, the company recorded an
Fax                                + 65 62710811                        operating margin of 18.73%, as against 15.77% in
                                                                        2009.
Website                            www.apb.com.sg

                                   A46, Singapore Exchange Securities   Revenue and Margins
Ticker Symbol, Stock Exchange
                                   Trading

Number of Employees                3,167

Fiscal Year End                    September

Revenue (in US$ million)           1,846.43

Revenue (in SGD million)           2,511.15




SWOT Analysis
                                                                        Return on Equity
Strengths                          Weaknesses
                                                                        The company recorded a return on equity (ROE) of
Strong brand equity                High indebtedness                    23.25% for 2010, as compared to its peers, SABMiller
                                                                        plc (Ticker: SAB), United Breweries Limited (Ticker:
                                                                        532478) and Foster''s Group Ltd. (Ticker: FGL), which
Strong financial performance                                            recorded ROEs of 9.59%, 7.33% and -17.21%
                                                                        respectively. The company reported a net profit
Wide geographic presence                                                margin of 18.73% in 2010.


Opportunities                      Threats                              Return on Equity

Capacity expansion                 Consolidation in the beer industry

Growing beer market in Asia        Foreign exchange risk

Strategic acquisition              Rise in input costs




                                                                        Liquidity Position

                                                                        The company reported a current ratio of 1.12 in 2010,
                                                                        as compared to its peers, SABMiller plc, United
                                                                        Breweries Limited and Foster''s Group Ltd., which
                                                                        recorded current ratios of 0.65, 2.56 and 0.00
                                                                        respectively. As of September 2010, the company
                                                                        recorded cash and short-term investments of worth
                                                                        US$178.61 million, against US$53.15 million current
                                                                        debt. The company reported a debt to equity ratio of
                                                                        0.39 in 2010 as compared to its peers, SABMiller plc,
                                                                        United Breweries Limited and Foster''s Group Ltd.,
                                                                        which recorded debt to equity ratios of 0.47, 0.65 and
                                                                        0.00 respectively.




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Asia Pacific Breweries Limited - SWOT Profile                                                                   Page 1
Asia Pacific Breweries Limited

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TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1       Company Overview ................................................................................................................................................5
    1.2       Business Description ..............................................................................................................................................5
    1.3       Major Products and Services .................................................................................................................................7
2     Analysis of Key Performance Indicators ............................................................................................... 8
    2.1       Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................8
    2.2       Key Financial Performance Indicators .................................................................................................................11
      2.2.1       Revenue and Operating Profit .........................................................................................................................11
      2.2.2       Asset, Liabilities and Capex .............................................................................................................................12
      2.2.3       Net Debt vs. Gearing Ratio ..............................................................................................................................13
      2.2.4       Operational Efficiency ......................................................................................................................................14
      2.2.5       Solvency ..........................................................................................................................................................15
      2.2.6       Valuation ..........................................................................................................................................................16
    2.3       Competitive Benchmarking ..................................................................................................................................17
      2.3.1       Market Capitalization .......................................................................................................................................17
      2.3.2       Efficiency ..........................................................................................................................................................18
      2.3.3       Capital Expenditure ..........................................................................................................................................19
      2.3.4       Turnover – Inventory and Asset .......................................................................................................................20
      2.3.5       Liquidity ............................................................................................................................................................21
3     Mergers & Acquisitions and Partnerships ........................................................................................... 22
    3.1       M&A and Partnerships Strategy ...........................................................................................................................22
4     
								
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