REG - MHP SE - Monthly Operational Update - October 2022

MHP SEAnnouncement

25/11/2022 08:00

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RNS Number : 6249H  MHP SE  25 November 2022

25 November 2022, Limassol, Cyprus

 

MHP SE

Monthly Operational Update for the period ended 31 October 2022

MHP SE (LSE: MHPC), the parent company of a leading international food &
agrotech group with headquarters in Ukraine, today announces its monthly
operational update for October 2022.

1. POULTRY AND RELATED OPERATIONS (w/o PP)

 Poultry                                                   October  October 2021  % change YoY  September  % change MoM

                                                           2022                                 2022
 Production volume, tonnes                                 59,612   67,807        -12%          59,230     1%
 Sales volume, third parties tonnes                        62,356   55,958        11%           63,563     -2%
 ·      Ukraine                                            24,670   23,998        2%            27,932     -11%
 ·      Export                                             37,686   31,960        18%           35,631     6%
 Share of export sales, %                                  60%      57%           3 pps**       56%        4 pps
 Average price per 1 kg net of VAT, US$*                   1.93     1.70          14%           1.93       0%

 Sunflower oil
 Sales volume, third parties tonnes                        12,805   26,018        -51%          44,764     -71%
 Soybeans oil
 Sales volume, third parties tonnes                        7,381    3,966         86%           4,088      81%

* - including culinary products; ** - pps - percentage points

 

2. GRAIN GROWING OPERATIONS UPDATE

In 2022 in grain growing operations segment the Company is to harvest around
335,000 hectares of land.

As of today, MHP's harvesting campaign of sunflower is complete, corn
harvesting is 75% complete and soya harvesting is almost complete.

Sowing campaign of winter crops is complete on around 74,000 ha of land
(around 55% of land is under winter wheat, around 45% of land is under winter
rapeseed).

 

3. MEAT PROCESSING AND OTHER AGRI OPERATIONS

 Meat processing products and Convenience Food      September  September  % change YoY  August  % change MoM

                                                    2022       2021                     2022
 Sales volume, tonnes                               2,967      4,948      -40%          3,248   -9%
 Price per 1 kg net VAT, UAH                        83.06      69.93      19%           78.72   6%

For further information and Investor Relations enquiries please contact:

 Anastasiya Sobotyuk                   +357 99 76 71 26

                                       a (mailto:a.sobotyuk@mhp.com.ua) . (mailto:a.sobotyuk@mhp.com.ua) sobotyuk
                                       (mailto:a.sobotyuk@mhp.com.ua) @ (mailto:a.sobotyuk@mhp.com.ua) mhp
                                       (mailto:a.sobotyuk@mhp.com.ua) . (mailto:a.sobotyuk@mhp.com.ua) com
                                       (mailto:a.sobotyuk@mhp.com.ua) . (mailto:a.sobotyuk@mhp.com.ua) ua
                                       (mailto:a.sobotyuk@mhp.com.ua)

 

Notes to Editors:

 

About MHP

MHP SE is the parent company of a leading international food & agrotech
group with headquarters in Ukraine, and production facilities not only in
Ukraine, but also in the Balkans (Perutnina Ptuj Group).

 

Ukraine: MHP has the greatest market share and highest brand recognition for
its products. MHP owns and operates each of the key stages of chicken
production processes, from feed grains and fodder production to egg hatching
and grow out to processing, marketing, distribution and sales (including
through MHP's franchise outlets). Complete vertical integration practically
eliminates MHP's exposure to raw material price fluctuations since its grain
production exceeds internal consumption requirements, allowing the Company to
be an important participant in the international commodity trade.  In
addition to cost efficiency, vertical integration also enables MHP to maintain
strict biosecurity and to control the quality of its inputs and the resulting
quality and consistency of its products all the way to the point of sale. To
support its sales, MHP maintains a distribution network consisting of nine
distribution and logistical centers within major Ukrainian cities. MHP uses
its own truck fleet to distribute its products, reducing overall
transportation costs and delivery times.

 

MHP also has a leading grain cultivation business growing corn, soya and
sunflower to support the vertical integration of its chicken production and
increasingly other grains, such as wheat and rape, for sale to third parties.
MHP leases agricultural land located primarily in the highly fertile black
soil regions of Ukraine.

 

The Balkans: Perutnina Ptuj (PP) is a leading poultry and meat-processing
producer in the Balkans, with production sites in four Balkan countries:
Slovenia, Croatia, Serbia, Bosnia and Herzegovina. PP owns distribution
companies in Austria, Macedonia and Romania and supplies products to fifteen
countries in Europe. PP is vertically integrated across all states of chicken
meat production - feed, hatching eggs production and hatching, breeding,
slaughtering, sausage production and further poultry processing.

 

MHP trades on the London Stock Exchange under the ticker symbol MHPC.

 

Forward-Looking Statements

 

This press release might contain forward-looking statements that refer to
future events or forecast financial indicators for MHP SE. Such statements do
not guarantee that these are actions to be taken by MHP SE in the future, and
estimates can be inaccurate and uncertain. Actual final indicators and results
can considerably differ from those declared in any forward-looking statements.
MHP SE. does not intend to change these statements to reflect actual results.

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