WH Group Limited 288 (3) 17,685 5,460 47,170 22,772 3,227 2,169 22,243 22,243 11,253 11,253 EBITDA (1) 2,113 2,158 420 461 (2) 1,614 886 737 766 (289) (263) 97.7% 82.2% 289 737 (1) EBITDA (2) (3) 1
7.4% 7.7% 3.2% 2.2 0.2 PEDvPEDv 2
PEDv 1.64 0.17 (%) 22,243 11,253 +97.7 1,614 886 +82.2 972 (67) 766 (263) 737 (289) 956 507 +88.6 2,169 48.8% 3,227 1,800 109.1% 3,76411,253 97.7% 22,243886 82.2% 1,614 97267 737 289 78 31 639 6 132 3
40 25 15 62 25 32 4 30 (1) 1,205 739 (2) 956 507 88.6% (%) 1,727 1,716 +0.6 1,290 404 +219.3 210 49 +328.6 3,227 2,169 +48.8 4,039 4,074-0.9 7,173 1,969 +264.3 664 169 +292.9 11,876 6,212 +91.2 711 678 +4.9 450 79 +469.6 33 2 +1,550.0 1,194 759 +57.3 4
3,227 2,169 48.8% 0.6% 1,500 453 5,500 31 689 38 90% Farmland Nathan s Famous, Inc. 6,21291.2% 11,876 4,039 7,837 2,138 75957.3% 1,194 6784.9% 711 483 81 9.7% 5
(%) 15,010 13,310 +12.8 27,890 8,139 +242.7 4,270 1,323 +222.8 47,170 22,772 +107.1 1,499 1,300 +15.3 3,100 850 +264.7 603 140 +330.7 5,202 2,290 +127.2 1,201 1,075 +11.7 2,239 620 +261.1 324 105 +208.6 3,764 1,800 +109.1 3,172 3,010 +5.4 5,540 1,287 +330.5 656 246 +166.7 9,368 4,543 +106.2 135 113 +19.5 90 93-3.2 (14) (5) 211 201 +5.0 6
47,170 22,772107.1% 13,31012.8%15,010 14,72213,048 32,160 9,462 27,89014,724 52.8%13,166 3,764 1,800 109.1% 1,2011,075 11.7% 2,563 725 26% 21% 56,000 64,000 37 26 2975 10 4,543106.2% 9,368 3,0105.4% 3,172 6,196 1,533 7
2015.0%211 11319.5% 135 76 88 (%) 311 311 14,724 4,459 +230.2 2,650 690 +284.1 17,685 5,460 +223.9 7 16-56.3 522 172 +203.5 58 3 +1,833.3 587 191 +207.3 4 7-42.9 337 (41) 71 25 +184.0 412 (9) 8
17,685 223.9% 311 17,374 5,149 14,724 2,650 1.9% 2.0% 52.8% 54.8% 500 2,190 76% 191 587 16 56.3%7 580 175 9 412 7 4 408 16 9
978 875 209 151 12 35% 1.7 1 1.8 1 EBITDA EBITDA 2,158 461 1,560 700 721 6995,015 295 4,652 652 4,411 191 902,751 4,505 187 96 10
2,284 900 7,962 7,432 4,6702,762 12 2.02% 275 258 11
4,670 7,432 2,418 2,441 2,227 4,912 5 3 4,650 7,356 20 76 699 684 230 306 2,310 4,950 1,411 1,416 4,650 7,356 2,652 2,914 1,489 3,932 459 421 50 89 4,650 7,356 4,670 3,097 12
Ba3 BB 7,196 6,244 236.8% 77.2% 209.0% 61.0%EBITDA1.7 120371 4.8% 4.7% 94 29 30 247 91 13
952 331 % 651 261 +149.4 253 65 +289.2 48 5 +860.0 952 331 +187.6 (%) (%) 2.3 2.1 73.8 84.6 20.4 19.6 73.5 71.9 1.5 1.5 84.1 86.7 30.2 30.2 90.7 96.9 0.2 0.2 87.0 92.5 4.7 4.2 90.5 90.0 (1) 14
11.810.7 1.1 11.5 2.7% 1,234 1,320 (i) (ii) 682 23 635 92 17 47 29 26 Granjas Carroll de MexicoGCM Norson Holdings Norson GCM Norson GCM Norson Campofrio Campofrio Food Group, S.A.Campofrio 37% Campofrio 27 Campofrio Campofrio Fiorucci Carolli Cesar Moroni Revilla Aoste Nobre Stegeman Marcassou Navidul Noere Campofrio 15
Sigma Alimentos S.A. de C.V.Sigma Campofrio SigmaCampofrio 37% Sigma Campofrio 46.8% Campofrio Campofrio 13.5 Campofrio 6.90 Sigma Campofrio 61.3% 37% Campofrio (United States Environmental Protection Agency) (United States Department of Agriculture) (Grain Inspection, Packers and Stockyard Administration)(United States Food and Drug Administration) (United States Occupational Safety and Health Administration) Commodities and Futures Trading Commission) 33 415 2 423 62.3% 39.2% 37.7% 60.8% 16
12.1 7.34.8 2,987 1,792 17
ISO9001 ISO14001 ISO22000 HACCP GFSI 18
3 22,243 22,243 11,253 11,253 (18,297) (682) (18,979) (9,457) (23) (9,480) 3,946 (682) 3,264 1,796 (23) 1,773 (1,511) (1,511) (539) (539) (758) (758) (335) (335) 635 635 17 17 92 92 47 47 4 102 102 84 84 5 14 14 19 19 6 (110) (110) (787) (787) 7 (371) (371) (120) (120) 18 18 6 6 45 45 (3) (3) 8 1,375 45 1,420 121 41 162 9 (432) (16) (448) (214) (15) (229) 943 29 972 (93) 26 (67) 19
52 (118) 18 (118) 70 (231) 91 29 (5) (202) 86 (320) 156 652 89 766 (263) 206 196 972 (67) 470 (143) 182 232 652 89 11 6.44 (2.62) 6.11 20
4,582 4,132 228 208 12 220 204 1,815 1,835 1,746 1,780 392 415 147 121 40 123 9 9 88 42 79 120 9,346 8,989 12 1,014 1,116 1,900 1,808 13 845 870 263 242 5 5 65 37 209 151 73 6 22 57 978 875 5,374 5,167 14 850 851 1,457 1,146 44 44 52 21 15 699 684 15 20 76 3,122 2,822 2,252 2,345 11,598 11,334 21
15 3,951 6,672 140 150 24 25 838 824 6 9 589 516 5,548 8,196 6,050 3,138 1 1 5,129 2,274 5,130 2,275 920 863 6,050 3,138 22
1,560 700 (721) (5,015) (652) 4,411 187 96 (28) 29 799 674 958 799 978 875 (20) (76) 958 799 23
1. Heroic Zone Investments Limited Heroic Zone Rise Grand Group Limited Maples Corporate Services Limited, P.O. Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands 1 76 7602B-7604A 2. 36 24
9 1 14 2 15 3 11 5 1 5 16 5 38 16 5 41 19 4 27 5 10 28 5 10 5 12 28 6 4 5 1 2 3 4 5 6 9 9 9 9 a b 9 39 25
9 9 39 39 9 9 26
3. 11,876 6,212 9,368 4,543 587 191 412 307 22,243 11,253 (i)(ii) (iii) (iv) (i) (ii) (iii) (iv) 27
4,039 3,913 72 410 8,434 (741) (65) (233) (1,039) 4,039 3,172 7 177 7,395 711 135 4 (77) 773 7,173 8,202 3,385 18,760 (2,662) (2,863) (5,525) 7,173 5,540 522 13,235 450 90 337 (129) 748 705 1,042 561 307 2,615 (41) (386) (503) (72) (1,002) 664 656 58 235 1,613 33 (14) 71 3 93 11,917 13,157 4,018 717 29,809 (41) (3,789) (3,431) (305) (7,566) 11,876 9,368 587 412 22,243 1,194 211 412 (203) 1,614 102 (33) 45 (371) 18 45 1,420 28
4,074 3,644 82 526 8,326 (634) (66) (219) (919) 4,074 3,010 16 307 7,407 678 113 7 (36) 762 1,969 1,949 889 4,807 (662) (717) (1,379) 1,969 1,287 172 3,428 79 93 (41) (27) 104 180 384 156 720 (11) (138) (153) (302) 169 246 3 418 2 (5) 25 (2) 20 6,223 5,977 1,127 526 13,853 (11) (1,434) (936) (219) (2,600) 6,212 4,543 191 307 11,253 759 201 (9) (65) 886 84 (732) 41 (120) 6 (3) 162 29
4. + + 55 51 18 13 15 16 4 + 10 4 102 84 5. 24 14 (5) (2) (8) 7 3 14 19 6. (78) (639) (132) (31) (6) (5) (1) (5) (110) (787) + 1 30
7. (72) (7) (135) (44) (165) (70) 1 1 (371) (120) 8. 4 3 2 + 353 173 6 1 2 1 8 5 3 3 4 3 76 60 75 36 2,939 1,192 + 1 31
9. (183) (180) (154) (2) (26) (40) (85) (7) (448) (229) 10. 11. 766 (263) 1 11,904.31 10,051.75 2 631.58 0.01 12,535.90 10,501.75 32
1. High Zenith Limited 2. 12. 1,484 1,336 2,132 2,010 7,086 7,057 10,702 10,403 1,061 1,047 11,763 11,450 (i) 33
(ii) 1,014 1,116 220 204 1,234 1,320 34
(1) 2,141 2,357 (2) 67 69 (3) 1,328 1,564 (4) 42 50 (1) 206 225 (1) 109 139 (2) 30 34 (3) 173 182 (4) 5.9 6.5 35
1. 2. 3. 4. 13. 848 864 (7) (3) 841 861 4 9 845 870 36
30 0 30 773 778 31 90 64 79 91 180 8 13 845 870 (3) + (4) (3) (7) (3) + 1 37
14. 30 850 851 + 850 851 0 30 646 756 31 90 170 87 91 180 28 8 181365 6 850 851 + 1 38
15. 6.625% 1,014 1,021 7.750% 520 539 5.250% 492 490 5.875% 392 391 2,418 2,441 i 1,572 4,300 655 612 ii 1 1 4 2 4,650 7,356 iii 20 76 iv 699 684 230 306 2,310 4,950 1,411 1,416 4,650 7,356 (699) (684) 3,951 6,672 2,899 2,887 1,751 4,469 4,650 7,356 4,536 7,259 60 6 4 4 4 46 87 4,650 7,356 39
i. 1.6% 5.5% 1.48% 6%LIBOR+2.5% LIBOR+4% 1.38% WIBOR+2.5% ii. iii. iv. 0.6% 0.9% 0.6% 0.9% 5.6% 5.6% 40
A.2.1 A.2.1 41
183 17 1712 1716 20 (www.hkexnews.hk)(www.wh-group.com) POPE C. Larry 42