Press Release: Bunge Reports Third Quarter 2021 Results
Press Release: Bunge Reports Third Quarter 2021 Results
新聞稿：Bunge報告2021年第三季度業績
Bunge Reports Third Quarter 2021 Results
邦吉報告2021年第三季度業績
ST. LOUIS--(BUSINESS WIRE)--October 27, 2021--
聖彼得堡。路易--(美國商業新聞網)--2021年10月27日--
Bunge Limited (NYSE:BG) today reported third quarter 2021 results
邦吉有限公司(紐約證券交易所市場代碼：BG)今天公佈了2021年第三季度業績。
-- Q3 GAAP EPS of $4.28 vs. $1.84 in the prior year; $3.72 vs. $2.47 on an
adjusted basis excluding certain gains/charges and mark-to-market timing
differences
-- Strong performances across Bunge's core and non-core operations
-- Agribusiness results driven by strong execution and better than expected
market environment
-- Refined and Specialty Oils performance improved in all regions with
particular strength in North America
-- Announced actions to further improve business portfolio: forming
renewable fuel feedstocks JV with Chevron and sale of Mexico wheat mills
-- Repurchased $100 million of Bunge common shares completing existing $500
million authorization; Bunge Board authorized new $500 million program
-- Increasing full-year adjusted EPS outlook to at least $11.50 based on
strong Q3 results and favorable market trends
-- Overview
-第三季度GAAP每股收益為4.28美元，上年為1.84美元；第三季度為3.72美元，上年同期為2.47美元調整後的基準，不包括某些收益/費用和按市值計價的時機差異-邦吉核心和非核心業務表現強勁-執行力強、好於預期的農業經營業績市場環境-所有地區的成品油和特種油性能都有所提高在北美的特殊實力-宣佈進一步改善業務組合的行動：形成與雪佛龍成立可再生燃料原料合資企業並出售墨西哥小麥磨坊-回購1億美元的Bunge普通股，完成現有的500美元百萬美元授權；Bunge董事會批准了5億美元的新計劃-將全年調整後每股收益預期提高到至少11.50美元，基於強勁的第三季度業績和有利的市場趨勢--概述
Greg Heckman, Bunge's Chief Executive Officer, commented, "We delivered a truly exceptional quarter. Our team was nimble, insightful and proactive, effectively managing supply chains, capacity and risk. Our global platform has allowed us to serve our customers - both farmers and end consumers - in today's volatile environment. At the same time, we remain intensely focused on a disciplined and balanced approach to allocating capital to maintain our financial strength, invest in growth opportunities, and return capital to our shareholders.
邦吉首席執行官格雷格·赫克曼(Greg Heckman)評論説：“我們實現了一個真正非凡的季度。我們的團隊靈活、有洞察力和主動性，有效地管理供應鏈、產能和風險。我們的全球平臺使我們能夠在當今動盪的環境中為我們的客户--包括農民和最終消費者--提供服務。同時，我們仍然非常關注一種紀律嚴明和平衡的資本分配方法，以保持我們的財務實力，投資於增長機會，並將資本返還給我們的股東。
"Looking ahead, we expect the favorable market trends to continue. We are well-positioned to help our customers across the supply chain address the challenges in meeting increasing consumer demand for sustainable food, feed and fuel."
展望未來，我們預計有利的市場趨勢將持續下去。我們處於有利地位，可以幫助供應鏈上的客户應對挑戰，滿足消費者對可持續食品、飼料和燃料日益增長的需求。
-- Financial Highlights
Quarter Ended Nine Months Ended
September 30, September 30,
---------------- ------------------
(US$ in millions,
except per share
data) 2021 2020 2021 2020
------------------ ------- ------- ------- ---------
Net income
attributable to
Bunge $ 653 $ 262 $1,847 $ 594
Net income per
common
share-diluted $ 4.28 $ 1.84 $12.12 $ 3.98
Mark-to-market
timing difference
(a) $ 0.22 $ 0.85 $(0.83) $ 0.97
Certain (gains) and
charges (b) $(0.78) $(0.14) $(1.86) $ 0.32
Adjustment of
redeemable
noncontrolling
interest (c) $ -- $(0.08) $ -- $(0.01)
----- ----- ----- -----
Adjusted Net income
per common
share-diluted (d) $ 3.72 $ 2.47 $ 9.43 $ 5.26
Core Segment EBIT
(d) (e) $ 812 $ 419 $2,464 $1,312
Mark-to-market
timing
difference (a) 44 161 (151) 186
Certain (gains)
& charges (b) (158) -- (328) --
------ ------ ------ ------
Adjusted Core
Segment EBIT (d) $ 698 $ 580 $1,985 $1,498
----- ----- ----- -----
Corporate and Other
EBIT (d) $ (81) $ (92) $ (227) $ (279)
Certain (gains)
& charges (b) -- -- -- 71
------ ------ ------ ------
Adjusted Corporate
and Other EBIT
(d) $ (81) $ (92) $ (227) $ (208)
----- ----- ----- -----
Non-core Segment
EBIT (d) (f) $ 53 $ 24 $ 92 $ (114)
Certain (gains) &
charges (b) -- -- -- --
------ ------ ------ ------
Adjusted Non-core
Segment EBIT (d) $ 53 $ 24 $ 92 $ (114)
----- ----- ----- -----
Total Segment EBIT
(d) $ 784 $ 351 $2,329 $ 919
Mark-to-market
timing
difference (a) 44 $ 161 $ (151) $ 186
Total Certain
(gains) &
charges (b) (158) $ -- $ (328) $ 71
------ ----- ----- -----
Adjusted Total
Segment EBIT (d) $ 670 $ 512 $1,850 $1,176
===== ===== ===== =====
(a) Mark-to-market timing impact of certain commodity and freight
contracts, readily marketable inventories, and related hedges
associated with committed future operating capacity. See note 3 in the
Additional Financial information section of this release for details.
(b) Certain (gains) & charges included in Total Segment EBIT. See
Additional Financial Information for details.
(c) Retained earnings impact associated with an adjustment to the carrying
amount of the redeemable noncontrolling interest recorded in respect of
our 70% ownership interest in Loders. See note 4 in the Additional
Financial information section of this release for details.
(d) Core Segment EBIT, Adjusted Core Segment EBIT, Corporate and Other
EBIT, Adjusted Corporate and Other EBIT, Non-core Segment EBIT,
Adjusted Non-core Segment EBIT, Total Segment EBIT, Adjusted Total
Segment EBIT, and Adjusted Net income per common share-diluted are
non-GAAP financial measures. Reconciliations to the most directly
comparable U.S. GAAP measures are included in the tables attached to
this press release and the accompanying slide presentation posted on
Bunge's website.
(e) Core Segment earnings before interest and tax ("Core Segment EBIT")
comprises the aggregate earnings before interest and tax ("EBIT") of
Bunge's Agribusiness, Refined and Specialty Oils and Milling reportable
segments, and excludes Bunge's Sugar & Bioenergy reportable segment and
Corporate and Other activities.
(f) Non-core Segment EBIT comprises Bunge's Sugar & Bioenergy reportable
segment EBIT, which reflects Bunge's share of the results of its 50/50
joint venture with BP p.l.c.
-- Third Quarter Results
--金融亮點截至九個月的季度九月三十號，九月三十號， ---------------- ------------------ (百萬美元，除每股外數據)2021 2020 2021 2020------------------ ------- ------- ------- --------- 淨收入歸因於捆綁$653$262$1,847$594每件物品的淨收入常見稀釋後股份$4.28$1.84$12.12$3.98按市值計價定時差 (a) $ 0.22 $ 0.85 $(0.83) $ 0.97 某些(收益)和收費(B)$(0.78)$(0.14)$(1.86)$0.32調整可贖回的非控制性利息(C)$--$(0.08)$--$(0.01) ----- ----- ----- ----- 調整後淨收益按公用事業單位稀釋後股份(D)$3.72$2.47$9.43$5.26核心部門息税前利潤(D)(E)$812$419$2,464$1,312按市值計價計時差異(A)44 161(151)186某些(收益)&Charge(B)(158)--(328)-- ------ ------ ------ ------ 調整後的核心分部息税前利潤(D)$698$580$1,985$1,498 ----- ----- ----- ----- 公司和其他息税前利潤(D)$(81)$(92)$(227)$(279)某些(收益)收費(B)-71 ------ ------ ------ ------ 調整後的公司和其他息税前利潤 (d) $ (81) $ (92) $ (227) $ (208) ----- ----- ----- ----- 非核心細分市場息税前利潤(D)(F)$53$24$92$(114)某些(收益)&收費(B) ------ ------ ------ ------ 調整後的非核心分部息税前利潤(D)$53$24$92$(114) ----- ----- ----- ----- 部門息税前利潤合計 (d) $ 784 $ 351 $2,329 $ 919 按市值計價計時差額(A)44$161$(151)$186完全確定(收益)&收費(B)(158)$--$(328)$71 ------ ----- ----- ----- 調整後的合計分部息税前利潤(D)$670$512$1,850$1,176 ===== ===== ===== ===== (A)某些商品和運費按市值計價的時間影響合同、可隨時銷售的庫存和相關的套期保值與承諾的未來運營能力相關。請參閲有關詳細信息，請參閲本新聞稿的其他財務信息部分。(B)某些(收益)和費用計入總分部息税前利潤。看見有關詳細信息，請參閲其他財務信息。(C)與調整進賬有關的留存收益影響就以下項目記錄的可贖回非控制權益的款額我們在Loders的70%股權。請參閲附加中的註釋4有關詳細信息，請參閲本新聞稿的財務信息部分。(D)核心部門息税前利潤、調整後核心部門息税前利潤、公司和其他息税前利潤，調整後公司和其他息税前利潤，非核心部門息税前利潤調整後的非核心區段息税前利潤、區段息税前利潤合計、調整後總息税前利潤分部息税前利潤和調整後每股普通股淨收入-攤薄後為非公認會計準則財務指標。最直接的和解可比的美國公認會計準則衡量標準包括在以下表格中本新聞稿和隨附的幻燈片演示文稿發佈在邦奇的網站。(E)核心部門息税前收益(“核心部門息税前利潤”)包括以下各項的息税前利潤(“EBIT”)合計邦吉的農業業務、成品油和特種油和碾磨需要報告細分，不包括邦吉的糖和生物能源可報告部門和公司及其他活動。(F)非核心部門息税前利潤包括Bunge的糖和生物能源可報告分部息税前利潤，反映邦吉在其50/50業績中的份額與英國石油公司的合資企業。--第三季度業績
Core Segments
核心段
Agribusiness
農業綜合企業
Quarter Ended Nine Months Ended
------------------ ----------------------
(US$ in millions,
except per share Sep 30, Sep 30, Sep 30, Sep 30,
data) 2021 2020 2021 2020
-------------------- -------- -------- --------- -----------
Volumes (in thousand
metric tons) 30,486 36,319 106,375 107,269
Net Sales $ 9,868 $ 7,290 $ 31,312 $ 20,597
Gross Profit $ 591 $ 373 $ 1,887 $ 1,278
Selling, general and
administrative
expense $ (118) $ (145) $ (313) $ (365)
Foreign exchange
gains (losses) $ (30) $ 59 $ (1) $ 78
EBIT attributable to
noncontrolling
interests $ 5 $ (2) $ (6) $ (7)
Other income
(expense) - net $ 181 $ 15 $ 227 $ 39
Income (loss) from
affiliates $ 10 $ 17 $ 44 $ 46
Segment EBIT $ 639 $ 317 $ 1,838 $ 1,069
Mark-to-market
timing
difference 52 168 (144) 175
Certain (gains) &
charges (158) -- (158) --
------- ------- -------- --------
Adjusted Segment
EBIT $ 533 $ 485 $ 1,536 $ 1,244
Certain (gains) &
charges, Net Income
(Loss) Attributable
to Bunge $ (119) $ -- $ (119) $ --
Certain (gains) &
charges, Earnings
Per Share $ (0.78) $ -- $ (0.78) $ --
Processing (2)
Quarter Ended Nine Months Ended
------------------------ ------------------------
Sep 30, Sep 30, Sep 30, Sep 30,
(US$ in millions) 2021 2020 2021 2020
------------------ ----------- ----------- ----------- -----------
Processing EBIT $ 298 $ 235 $ 1,364 $ 828
Mark-to-market
timing
difference 194 178 (301) 141
Certain (gains)
& charges (73) -- (73) --
------- ----------- ---------- -----------
Adjusted
Processing EBIT $ 419 $ 413 $ 990 $ 969
截至九個月的季度 ------------------ ---------------------- (百萬美元，除每股9月30日，9月30日，9月30日，9月30日，數據)2021 2020 2021 2020-------------------- -------- -------- --------- ----------- 卷(以千為單位公噸)30,486 36,319 106,375 107,269淨銷售額$9,868$7,290$31,312$20,597毛利$591$373$1,887$1,278銷售、一般和行政性費用$(118)$(145)$(313)$(365)外匯收益(虧損)$(30)$59$(1)$78息税前利潤可歸因於非控制性利息$5$(2)$(6)$(7)其他收入(費用)-淨額$181$15$227$39收入(虧損)來自附屬公司$10$17$44$46分部息税前利潤$639$317$1,838$1,069按市值計價計時差額52 168(144)175某些(收益)&指控(158)--(158)-- ------- ------- -------- -------- 調整後的線段息税前利潤$533$485$1,536$1,244某些(收益)&費用、淨收入(損失)歸屬捆綁$(119)$--$(119)$--某些(收益)&費用、收入每股$(0.78)$--$(0.78)$--正在處理(2)截至九個月的季度 ------------------------ ------------------------ 9月30日，9月30日，(百萬美元)2021 2020 2021 2020------------------ ----------- ----------- ----------- ----------- 加工息税前利潤$298$235$1,364$828按市值計價計時差額194 178(301)141某些(收益)收費(73)--(73)-- ------- ----------- ---------- ----------- 調整後的加工息税前利潤$419$413$990$969
In Processing, higher results in North America, European softseeds and our Asian and European destination value chains, which all benefited from strong vegetable oil demand, were partially offset by lower results in South America, where margins were down compared to a particularly strong prior year.
在加工方面，北美、歐洲軟籽以及我們的亞洲和歐洲目的地價值鏈的較高業績均受益於強勁的植物油需求，但部分被南美較低的業績所抵消，南美的利潤率與上一年的特別強勁相比有所下降。
Merchandising (2)
Quarter Ended Nine Months Ended
-------------------------- ------------------------
Sep 30, Sep 30,
(US$ in millions) Sep 30, 2021 Sep 30, 2020 2021 2020
------------------ ------------ ------------ ----------- -----------
Merchandising EBIT $ 341 $ 82 $ 474 $ 241
Mark-to-market
timing
difference (142) (10) 157 34
Certain (gains)
& charges (85) -- (85) --
-------- ------- --- ------- -----------
Adjusted
Merchandising
EBIT $ 114 $ 72 $ 546 $ 275
銷售(2)截至九個月的季度 -------------------------- ------------------------ 9月30日，9月30日，(百萬美元)2021年9月30日2020年9月30日------------------ ------------ ------------ ----------- ----------- 銷售息税前利潤$341$82$474$241按市值計價計時差異(142)(10)157 34某些(收益)收費(85)--(85)--(&C) -------- ------- --- ------- ----------- 調整後的商品化息税前利潤$114$72$546$275
譯文內容由第三人軟體翻譯。
以上內容僅用作資訊或教育之目的，不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。