AI Terminal
Vilkyskiu Pienine
Earnings Release • Jun 9, 2022
2260_rns_2022-06-09_9ffb5021-6e1b-47c6-a388-74a09b5ef647.pdf
Earnings Release
Open in ViewerOpens in native device viewer
FUTURE OF VILVI GROUP – IN OUR HANDS
Gintaras Bertašius, Director General of AB Vilkyškių pieninė
Supply of Milk is Growing in the World
Production of raw milk since 2010
Cow's milk production in the world 2020
Cow's milk production growth rate was 2.9% in 2019-2020
Cow's milk production is 81.0% of total world milk production
Countries with competitive dairy sector on regional level and worldwide will have opportunity to develop
Demand for Dairy Products will Continue to Grow
According to forecasts till 2029 by OECD1 and FAO1 demand for dairy products will continue to grow and total planet's population will reach 9.9 bln. in 2050.
Consumption of milk per capita and population size
1OECD – The Organisation for Economic Co-operation and Development; 1FAO – The Food and Agriculture Organization of the United Nations
- Covid-19 rules and restrictions showed that global dairy market value chain is strong and complex.
- Production of raw cow's milk grew by 2.9% in 2020.
- EU-28 is the biggest exporter of dairy products in the world. New Zealand is the second and U.S.A is the third.
- International dairy trade market remains highly concentrated five largest countries/regions supply 79 % of the market, and regions with the most growing consumption are Southeast Asia, Africa and Middle East.
Source: IDF World Dairy Situation 2021
Dairy Sector in the Baltics has the Potential to Develop
- In the Baltics collection of raw milk grew by almost 1% in 2020-2021.
- In Lithuania there are more milk processed in dairy manufacturing than produced in local farms. In Estonia and Latvia situation is the opposite.
- Lithuanian dairy sector holds leading position in the Baltics in terms of the quantity of produced, collected and processed milk.
Collected milk quantity from the farms, thousand tonnes
Source : Eurostat
Trends and Forecasts of Lithuanian Dairy Sector
Quantity of milk sold in 1-10 months 2021 by farm size
- In Lithuania major problem in the production chain is domination of small farms (5-6 cows per farm).
- Though slowly milk producing farms are structurally changing and getting larger by size.
Most likely in 2022-2027 about 19.7% of small farms will drop out
• In 2022 -2027 planned EU financial support will be EUR 160 mln. Adding private funds total investiment to milk farms probably amount to EUR 500 mln. That consequently will lead to growth in raw milk production in Lithuania.
Structure of Vilvi Group
- 865 employees;
- About 800 tons of milk are currently processed per day
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Cheese and cheese products |
18,372 | 18,607 | 19,964 | 22,114 | 22,915 |
| Cream | 16,046 | 15,689 | 16,131 | 17,073 | 21,055 |
| Fresh milk products |
14,576 | 15,120 | 12,277 | 12,696 | 12,802 |
| Dry milk products |
2,966 | 8,321 | 15,310 | 19,006 | 21,352 |
| Total: | 51,960 | 57,737 | 63,682 | 70,889 | 78,124 |
| Total raw liquid per year: |
459.782 |
We transport raw liquid per year
We export the products per year
19.157
Structure of Sales Revenue
| (Thousand EUR) | 2020 | 2021 | |||
|---|---|---|---|---|---|
| Cheese, cheese products and other |
57,841 | 48% | 65,731 | 42% | |
| Dry milk products | 20,487 | 17% | 28,136 | 18% | |
| Fresh milk products | 16,252 | 13% | 18,710 | 12% | |
| Cream | 26,293 | 22% | 43,468 | 28% | |
| Total: | 120,873 | 156,045 | +29% |
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Revenue (Thousands EUR) |
113,939 | 103,162 | 114,581 | 120,873 | 156,045 |
| Net profit (Thousands EUR) | 6,686 | -1,186 | -446 | 3,872 | 5,500 |
| Net profit margin (%) |
5.9 | -1.1 | -0.4 | 3.2 | 3.5 |
| EBITDA (Thousands EUR) |
10,882 | 3,140 | 3,698 | 8,271 | 14,122 |
| EBITDA margin (%) | 9.5 | 3.0 | 3.2 | 6.8 | 9.0 |
Vilvi Group Achieve the best Result Historically
Vilvi Group determination, success, consistent and systematic move towards the set goal has allowed Q1 2022 achieve the best result historically!
Q1 2006-2022 SALES REVENUE AND EBITDA, THOUSANDS EUR
Future of Vilvi Group - in the Lithuanian context
NEW GENERATION VILVI GROUP
"Deep" milk processing
Effectiveness Green transformation
Future of Vilvi Group - in our hands!
Thank you for your attention!
Vilkyškiai, Pagėgių sav. CRN: 277160980 Phone No: 8 441 55330 Fax.: 8 441 55242 [email protected] www.vilvigroup.eu
Contacts:
Gintaras Bertašius Director General Tel.: 8 441 55330 [email protected] Vilija Milaševičiutė Economics and Finance Director Tel.: 8 441 55102 [email protected]