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