Juhayna

Company Overview

Statement of Financial Position

Statement of Proft or loss

Common-Size Analysis

Trend Analysis

Financial ratio

Chart
Juhayna

Company Overview

Background

Juhayna Food Industries is a leading Egypt-based manufacturer specialized in the production, processing and packaging of dairy, juice, and cooking
products.
Since its founding in 1983, it has secured a frontrunner position in the dairy and juice industries in Egypt and has expanded its presence in the Middle East,
a feat made possible through its firm commitment to delivering a wide range of high-quality, healthy, and safe products that have become trusted
household names.

Journey

Founded by Safwan Thabet, Juhayna Food Industries was built on a vision to introduce the market to a new business model for food production that holds
innovation at its core.
Today, with four fully operational facilities, a vast network of distribution centers serving more than 136,000 retail outlets nationwide, and a 5000-feddan,
fully-owned dairy farm that has the capacity to house 7,000 milking cows covering a sizeable portion of the company’s raw milk needs, Juhayna continues
to raise the benchmark for premium quality Egyptian manufactured products.

R&D

Our use of quality ingredients, internally manufactured concentrates, and state-of-the-art technologies for processing and packaging, alongside heavy
investments in R&D to enhance our product offerings, aid in fulfilling our vision of bringing high quality, nutritious products to our customers.
Having achieved notable success in our Egyptian and Middle Eastern markets, we are pursuing new growth opportunities with exports to East and West
Africa.
Juhayna

Consolidated financial position "000"

2020 2021 2022 2023 2024
Assets
Non-current assets
Property, plant and equipment (Net) 3,147,992 3,164,789 3,007,278 3,077,685 3,886,899
Project under construction 160,674 73,964 127,381 299,335 1,511,946
Biological Assets 234,843 245,947 261,791 305,114 445,705
Investments under joint control (Equity) 14,472 15,117 16,926 15,670 18,026
Right of use assets 44,326 61,584 47,182 38,966 93,039
Other - long term assets 732 724 716 707 699
Other - long term -Debit balance
Goodwill 97,093 97,093 97,093 97,093 97,093
Non-current assets 3,700,130 3,659,218 3,558,367 3,834,571 6,053,405
Current assets
Biological assets 12,291 10,618 20,276 29,466 43,487
PPE held for sale 6,636 1,607 1,942 1,610 0
Inventories 873,969 879,266 1,725,513 2,783,515 4,177,071
Trade receviable 203,624 251,809 405,783 459,440 893,414
Trade and other receivables(Net) 156,540 204,212 236,849 375,479 608,419
Cash and cash equivalents 182,543 453,015 294,504 1,093,526 1,811,245
Due from related party 3 560 2,760 3,421
Current assets 1,435,602 1,800,531 2,685,428 4,745,796 7,537,057
Total assets 5,135,733 5,459,749 6,243,795 8,580,367 13,590,463
Equity
Issued and paid up capital 941,405 941,405 941,405 941,405 941,405
Legal reserve 637,022 688,879 719,146 742,113 742,113
General reserve -issuance premium 330,920 330,920 330,920 330,920 330,920
Retained earnings 993,212 1,206,349 1,418,366 2,233,886 4,324,258
Total equity attributable to shareholders of the parent company 2,902,559 3,167,553 3,409,838 4,248,324 6,338,696
Non-controlling interest 715 763 894 1,444 628
Total equity 2,903,274 3,168,316 3,410,732 4,249,769 6,339,324
Non-Current liabilities
Loans 270,775 262,360 78,952 90,395 578,067
Lease contract liabilities 108,412 109,066 80,440 53,848 84,041
Other liabilities 18,209 483 298 0
Deferred income 0 6,023 2,200
Deferred tax liabilities 286,882 299,908 304,602 321,767 387,421
Non-Current liabilities 684,278 671,817 464,292 472,034 1,051,729
Current liabilities
Provisions 50,855 70,079 78,789 183,529 228,224
Bank - over draft
Bank credit facilities 276,600 273,231 707,922 1,096,230 2,909,496
Trade payable 447,605 485,083 1,062,449 1,884,353 1,352,332
Other credit balances 226,561 443,129 277,837 376,728 654,380
Lease contract liabilities 23,736 28,324 30,742 57,958 67,487
Income tax payable 192,930 180,250 87,587 177,047 712,163
Due related parties 0 17,872 0
Loans 329,895 139,520 123,444 57,204 271,504
Deferred income 0 7,644 3,823
Current liabilities 1,548,181 1,619,616 2,368,771 3,858,565 6,199,409
Total liabilities 2,232,459 2,291,433 2,833,063 4,330,599 7,251,138
Total equity and total liabilities 5,135,733 5,459,749 6,243,795 8,580,367 13,590,463
Juhayna

Consolidated income statement "000"

2020 2021 2022 2023 2024

Net Sales 7,495,797 8,805,974 11,363,960 15,536,190 24,302,616

Cost of good sales (5,092,840) (6,278,904) (8,458,555) (11,926,060) (16,912,917)
Gross profit 2,402,957 2,527,071 2,905,406 3,610,130 7,389,699
Gross profit Margin 32% 29% 26% 23% 30%
Other Operating Revenue 45,915 41,548 122,416 159,995 332,938
Selling and Marketing Expenses (1,084,133) (1,340,271) (1,544,969) (1,342,075) (2,159,669)
General & Administrative Expenses (308,700) (272,283) (286,403) (388,148) (644,979)
Other Expenses (218,615) (122,144) (158,362) (243,943) (221,931)
Impairment Loss of Trade and Other Receivables / (Reverse) (13,140) 5,971 (3,081)
EBIT 837,424 833,921 1,024,946 1,801,930 4,692,978

Share of (Loss)/Profit of Equity Accounted Investees, Net of Tax (392) 645 1,809 (1,256) 2,355
Loss on Investment at Fair Value Through Profit or Loss (115,109) (522,060)
Net Finance Cost (161,212) (68,188) (123,314) (320,893) (596,428)
EBT 675,820 766,378 903,442 1,364,672 3,576,845

Tax difference from previous year

income tax (236,359) (226,963) (265,443) (343,212) (841,450)
investment tax on dividends
Deferred tax (10,973) (13,026)
Net profit for the year 428,488 526,389 637,999 1,021,460 2,735,395
Owners of the Company 428,376 526,197 637,721 1,020,910 2,735,294
Non-Controlling Interest 112 192 278 550 100
428,488 526,389 637,999 1,021,460 2,735,395
Juhayna

Common-Size Analysis For Consolidated financial position

2020 2021 2022 2023 2024
Assets
Non-current assets
Property, pl ant and equi pment (Net) 61% 58% 48% 36% 29%
Project under constructi on 3% 1% 2% 3% 11%
Bi ol ogi cal Assets 5% 5% 4% 4% 3%
Investments under joi nt control (Equi ty) 0% 0% 0% 0% 0%
Ri ght of use assets 1% 1% 1% 0% 1%
Other - l ong term assets 0% 0% 0% 0% 0%
Other - l ong term -Debi t bal ance 0% 0% 0% 0% 0%
Goodwi l l 2% 2% 2% 1% 1%
Non-current assets 72% 67% 57% 45% 45%
Current assets
Bi ol ogi cal assets 0% 0% 0% 0% 0%
PPE hel d for sal e 0% 0% 0% 0% 0%
Inventori es 17% 16% 28% 32% 31%
Trade and other recei vabl es(Net) 3% 4% 4% 4% 4%
Cash and cash equi val ents 4% 8% 5% 13% 13%
Due from rel ated party 0% 0% 0% 0% 0%
Current assets 28% 33% 43% 55% 55%
Total assets 100% 100% 100% 100% 100%
Equity
Issued and pai d up capi tal 18% 17% 15% 11% 7%
Legal reserve 12% 13% 12% 9% 5%
General reserve -i ssuance premi um 6% 6% 5% 4% 2%
Retai ned earni ngs 19% 22% 23% 26% 32%
Total equity 57% 58% 55% 50% 47%
Non-Current liabilities
Loans 5% 5% 1% 1% 4%
Lease contract l i abi l i ti es 2% 2% 1% 1% 1%
Other l i abi l i ti es 0% 0% 0% 0% 0%
Deferred i ncome 0% 0% 0% 0% 0%
Deferred tax l i abi l i ti es 6% 5% 5% 4% 3%
Non-Current liabilities 13% 12% 7% 6% 8%
Current liabilities
Provi si ons 1% 1% 1% 2% 2%
Bank - over draft 0% 0% 0% 0% 0%
Bank credi t faci l i ti es 5% 5% 11% 13% 21%
Other credi t bal ances 4% 8% 4% 4% 5%
Lease contract l i abi l i ti es 0% 1% 0% 1% 0%
Income tax payabl e 4% 3% 1% 2% 5%
Due rel ated parti es 0% 0% 0% 0% 0%
Loans 6% 3% 2% 1% 2%
Deferred i ncome 0% 0% 0% 0% 0%
Current liabilities 30% 30% 38% 45% 46%
Total liabilities 43% 42% 45% 50% 53%
Total equity and total liabilities 100% 100% 100% 100% 100%
Juhayna

Common-Size Analysis For Juhayna Consolidated Income Statement

2020 2021 2022 2023 2024

Net Sales 100% 100% 100% 100% 100%

Cost of good sales -68% -71% -74% -77% -70%
Gross profit 32% 29% 26% 23% 30%

Other Operating Revenue 1% 0% 1% 1% 1%

Selling and Marketing Expenses -14% -15% -14% -9% -9%
General & Administrative Expenses -4% -3% -3% -2% -3%
Other Expenses -3% -1% -1% -2% -1%
Impairment Loss of Trade and Other Receivables / (Reverse) 0% 0% 0% 0% 0%
EBIT 11% 9% 9% 12% 19%

Share of (Loss)/Profit of Equity Accounted Investees, Net of Tax 0% 0% 0% 0% 0%

Loss on Investment at Fair Value Through Profit or Loss 0% 0% 0% -1% -2%
Net Finance Cost -2% -1% -1% -2% -2%
EBT 9% 9% 8% 9% 15%

Tax difference from previous year 0% 0% 0% 0% 0%

income tax -3% -3% -2% -2% -3%
investment tax on dividends 0% 0% 0% 0% 0%
Deferred tax 0% 0% 0% 0% 0%
Net profit for the year 6% 6% 6% 7% 11%
Juhayna

Trend Analysis For Juhayna Consolidated Income statement

2020 2021 2022 2023 2024

Net Sales -2% 17% 29% 37% 56%

Cost of good sales -4% 23% 35% 41% 42%
Gross profit 4% 5% 15% 24% 105%

Other Operating Revenue -31% -10% 195% 31% 108%

Selling and Marketing Expenses -9% 24% 15% -13% 61%
General & Administrative Expenses 11% -12% 5% 36% 66%
Other Expenses 124% -44% 30% 54% -9%
Impairment Loss of Trade and Other Receivables / (Reverse) N/A N/A N/A -145% -152%
EBIT 5% 0% 23% 76% 160%

Share of (Loss)/Profit of Equity Accounted Investees, Net of Tax -106% -264% 180% -169% -288%
Loss on Investment at Fair Value Through Profit or Loss N/A N/A N/A N/A 354%
Net Finance Cost -50% -58% 81% 160% 86%
EBT 40% 13% 18% 51% 162%

Tax difference from previous year N/A N/A N/A N/A N/A
income tax 91% -4% 17% 29% 145%
investment tax on dividends N/A N/A N/A N/A N/A
Deferred tax -65% 19% -100% N/A N/A
Net profit for the year 30% 23% 21% 60% 168%
Juhayna

Statement of Proft or loss

Financial ratio analysis For Juhayna Consolidated Income statement

2020 2021 2022 2023 2024
Profitability ratio

Gross Profit Margin 32.1% 28.7% 25.6% 23.2% 30.4%

Operating Profit Margin 11.2% 9.5% 9.0% 11.6% 19.3%
Net Profit Margin 5.7% 6.0% 5.6% 6.6% 11.3%
Return on Equity 15.2% 17.3% 19.4% 26.7% 51.7%
Return on Assets 8.2% 9.9% 10.9% 13.8% 24.7%
Return on Capital Employed 11.9% 13.7% 16.5% 21.6% 37.0%

Liquidity Ratios

Current Ratio 0.93 1.11 1.13 1.23 1.22

Quick Ratio 0.36 0.57 0.41 0.51 0.54
Cash Ratio 0.12 0.28 0.12 0.28 0.29

Efficiency Ratios

Inventory Turnover Ratio 5.3 7.2 6.5 5.29 4.86

Accounts Receivable Turnover Ratio 38 39 35 36 36
Accounts Payable Turnover Ratio 11.6 13.5 10.9 8.1 10.5

DSI 69 51 56 69 75
DSO 10 9 11 10 10
DPO 31 27 33 45 35
Cash conversion cycle 47 33 33 34 50
Juhayna

Statement of Proft or loss

Total assets Non -Current assets Current assets

7,537
13,590 6,053

4,746
8,580 3,700 3,659 3,835
3,558
6,244
5,136 5,460 2,685
1,801
1,436

2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024

Equity Non -Current Liability Current Liability

6,339 6,199
1,052

4,250
684 672 3,859
3,411
3,168
2,903
464 472
2,369
1,548 1,620

2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024
Juhayna

Statement of Proft or loss

Revenue Gross Profit EBIT

7,390 4,693
24,303

15,536
3,610
11,364 2,905 1,802
8,806 2,403 2,527
7,496
1,025
837 834

2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024

EBT Reveneue Growth

2,735
2024 Profitability Benchmark
8,000 32.1% 35.0%
30.4%
7,000
28.7% JUFO Edita Industry Average
25.6% 30.0%
7,390
23.2%
6,000
25.0% Gross margin 30% 32% 35%
5,000

1,021 4,000
20.0%
EBIT margin 19% 15% 25%
15.0%
526 638 3,000
3,610 Net profit margin 11% 13% 25%
428 10.0%
2,000 2,905
2,403 2,527
1,000 5.0% ROA 25% 16% 24%
0 0.0%
2020 2021 2022 2023 2024 ROE 52% 39% 46%
2020 2021 2022 2023 2024
 Thanks
Saeed Mohamed