2019 - 2020 In Review

FY2019 9M2020

FINANCIAL EGP 7.6 BN EGP 5.7 BN

Snapshots REVENUES (+7% Y-O-Y) REVENUES (-1% Y-O-Y)

EGP 239 MN EGP 239 MN

Our ability to maintain positive revenues in 2019
despite numerous market challenges and a
noticeable decline in consumer purchasing power
is a testament to management’s successful
planning and execution capabilities. Despite this,
net profit was negatively affected due to a number
of changes that included the end of tax exemption
periods for some of our subsidiaries, the
introduction of new healthcare insurance fees to
our systems, and an increase in some of our SG&A
expenses. We, however, continued to make use of
Juhayna’s working capital to decrease inventory
and debt levels.
NET PROFIT (-19% Y-O-Y) NET PROFIT (-19% Y-O-Y)
We were able to largely mitigate the impact of
COVID-19 in 2020. Despite a 1% y-o-y decline in
revenues, our profitability weathered the hit on
the back of improved deals with suppliers, and an
overall decrease in financial expenses. We
continue to implement cost-saving strategies, as
well as improve our balance sheet position
through debt repayment, making way for more
EGP 1.4 BN EGP 1.4 BN
NET DEBT (-12% Y-O-Y) NET DEBT (-12% Y-O-Y)
solid bottom-line growth. We also saw
improvements in net working capital levels; a
23-day y-o-y decrease in our cash conversion
cycle in 3Q2020 due to lower inventory levels;
slightly lower receivables; and higher payables
during 9M2020.

30.2%
GROSS PROFIT
33.1%
GROSS PROFIT
MARGIN MARGIN
STOCK PRICES (+0.4 pps y-o-y) (+2.6 pps y-o-y)
Juhayna’s stock price was
down by 23% in 2019. In
9M2020, the stock
dropped by 26%, but still
outperformed the F&B
index, which decreased by
31% due to the onset of
COVID-19 and the resulting
equity sell-off for global
and emerging markets.

For more information on Juhayna’s

financial updates, please visit the
USD 390,061,878 14.3%EBITDA
16.4%EBITDA
MARGIN
Earnings Releases page on our Investor JUHAYNA’S MARKET MARGIN (+1.4 pps y-o-y)
Relations Website.
CAP AS AT 10/09/2020 (-1.8 pps y-o-y)

20 JUHAYNA Sustainability Report 2020 21

 Section Flag

our
strategy
22 JUHAYNA Sustainability Report 2020 23