Distribution of Eggs and Egg Products Distribution of Eggs (in 2010)

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4 Strong Market Fundamentals for Growth (1/2): World Egg Market �1 Growing world market � World egg market has grown with 12% CAGR since 2004 � Significant growth of egg consumption in Asia as eggs remain one of the cheapest sources of protein �2 Growing global demand for egg products � Continuing global demand from food, confectionary and bakery industries � Egg products allow for cheaper transportation and for extended shelf life �3 MENA region opportunities (according to Pro-Consulting): � Region with 420m population is one of the fastest growing in the world (some countries will double in 20 years) � 60% urban population and further increasing � Expanding middle class with growing purchasing power � A very low consumption base of an average 90 eggs per person per annum Pro-Consulting expects imports of eggs by the MENA region to grow by 57% to 536 ths tons in 2012 1,294 Source: FAO, Pro-Consulting 1600 1200 800 400 1,456 World Imports of Eggs, $m 1,602 2,142 509 467 514 641 2,621 2,946 Imports of Eggs by MENA region, $m 3,540 828 878 964 2004 2005 2006 2007 2008 2009 2010E 0 Egg import Egg products import 2006 2007 2008 2009 2010E 2011F 2012F 440 420 400 380 360 51 52 54 11 11 11 26 29 29 Source: Pro-Consulting Source: FAO, Pro-Consulting 800 600 400 200 Import value, $ mln Import volume, ths tons(rhs) 0 69 15 36 10 9 10 13 14 16 17 3 3 4 5 5 5 6 2006 2007 2008 2009 2010E 2011F 2012F Population, m people (lhs) Consumption of eggs, per capita, pc/person/year 79 17 42 88 18 49 100 2004 2005 2006 2007 2008 2009 2010E Africa Americas Asia Europe Others Source: FAO, Pro-Consulting Market Size of Shell Eggs (in Producer Prices), $bln Consumption of Eggs in MENA region 10 22 56 100 90 80 70 60
4 Strong Market Fundamentals for Growth (2/2): Ukraine Egg Market �1 Growth of internal consumption � Consumption of eggs per capita was marginally affected by decline in real disposable income in 2009 � Growing eggs consumption by food processing industry 2� Industrial production growth vs. households � The share of household production decreased from 42% in 2009 to 40% in 2010 acc. to SSCU �3 Consolidation in the industry � Small egg producers are being replaced by larger cost effective players (acc. to Ptakhoprom of Ukraine, the number of farms decreased from 156 in 2003 to 98 in 2010) �4 Expanding export opportunities � A ban on the import of Ukrainian livestock farming products into Russia was removed opening a major market for Ukrainian producers (subject to authorization by the Russian authorities) 300 260 220 180 140 Consumption per capita vs. Real Disposable Income 2003 2004 2005 2006 2007 2008 2009 2010E 766 669 904 1,319 1,022 1,190 1,512 1,725 2005 2006 2007 2008 2009 2010E 2011F 2012F 30% 20% 10% 0% -10% -20% pcs per capita (lhs) Real disposable income, % y-o-y (rhs) Source: SCSU, Pro-Consulting Source: Pro-Consulting 18 16 14 12 10 8 6 4 2 0 Production of Shell Eggs in Ukraine, bln pcs 2003 2004 2005 2006 2007 2008 2009 2010E 2010 Source: SSCU, Pro-Consulting Sales of Eggs, $m Production of Dry Egg Products, ths tons 1.2 Source: Bloomberg, Pro-Consulting Households Industrial companies 2.1 3.1 5.4 4.2 13.0 14.3 11 15.7 2005 2006 2007 2008 2009 2010E 2011F 2012F
Page 1 and 2: PRESENTATION J.P. Morgan Conference
Page 3 and 4: Avangard’s Investment Highlights
Page 5 and 6: 2 Cost Efficient Integrated Busines
Page 7 and 8: 3 Diversified Sales Structure (1/3)
Page 9: 3 Diversified Sales Structure (3/3)
Page 13 and 14: 6 Employment of Modern and Secure T
Page 15 and 16: 2010 Results Review Strong FY2010 o

Distribution of Eggs and Egg Products Distribution of Eggs (in 2010)

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