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

5
Outstanding Financial Indicators
� Revenues increased by 37%
compared to 2009, reaching
$440 mln
� EBITDA amounted to
$194 mln in 2010, a 27%
increase versus 2009 backed up
by solid revenues growth as well
as stable cost of sales*
� Strong EBITDA margin of 44%
� Positive and growing bottom line
with stable net margins
� Net debt of $78m or 0.4x
EBITDA 2010
128
302
Revenues, $m EBITDA, $m
320
Net Profit, $m
440
2007 2008 2009 2010
24%
30
Net profit
Net profit margin
26%
77
42% 42%
134
185
2007 2008 2009 2010
Note: (*) 2009 EBITDA margin was higher than 2010 as a result of one-off item – waiver of $23 mln of loans from related parties
30%
39
258
6.7
EBITDA
EBITDA margin
38%
114
Net Debt Position, $m
221
1.9
48%
152
103
0.7
44%
194
2007 2008 2009 2010
Net debt
Net debt/EBITDA
78
0.4
2007 2008 2009 2010
12