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Company Information for Wimm-Bill-Dann Foods OJSC
Company stock charts - 12 Month chart
 NYSE; WBD
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Company Statement
Our Company is the leading producer of dairy, baby food and beverage products in Russia and the CIS. Founded in 1992, WBD has 37 processing plants in Russia, Ukraine, Georgia and Central Asia as well as distribution networks in 26 cities in Russia and the CIS, serving 280 million customers. Today, the Company has more than 19,500 employees. We make traditional and original dairy products, juices, nectars, and baby food.
Since 2002, the Company has been acquiring successful companies in Russia’s regions and the CIS, while making substantial investments in their modernization. In addition, we made changes in the way we make several of our core products, to ensure they are produced as close as possible to where they are sold.
The Company’s mission statement reflects our core values: “Wimm-Bill-Dann helps the entire family live healthier by enjoying our nutritious and delicious food and beverage products every day throughout their lives.”
Our products help people to live healthier lives and improve their well-being, and this is becoming ever more important as more and more consumers pursue healthier lifestyles. This is embodied in the Russian government’s long-term national project on health, which is based on the idea that the health of each individual is a vital contribution to the health of the country as a whole.
Our shares are listed at NYSE in the form of American Depository Receipts (ADRs) under the ticker “WBD” and on the Russian Trading System (RTS) in the form of ordinary shares (RTS: WBDF). In addition, WBD shares are included in the Moscow Interbank Currency Exchange’s (MICEX) quotation list.
Wimm-Bill-Dann today is ranked among the most successful mid-sized companies in the world, with sales amounting to US$1.8 billion in 2006.
We are the leading dairy producers in Russia and Ukraine. We maintain strong market positions in traditional dairy products, yogurts, dairy deserts and cheese. Our Dairy Division contributes 75% of the Company’s revenues. According to agency AC Nielsen, we control a 34% share of the Russian market for packaged dairy products.
Our Little House in the Village, Wonder, Happy Milkman, Neo and Bio-Max brands are among the best recognized in Russia. Our Domik v Derevne branded milk has been awarded the title “People’s Choice” in the category for dairy products for several years running.
In 2006, we established an entirely new market segment in Russia, “fresh chocolate”, with the launch of our Morand branded truffles. In 2007, we launched the revolutionary new functional product, Neo Beauty, which helps to preserve the health and appearance of nails, skin and hair.
Wimm-Bill-Dann has one of the best raw material bases among Russian dairy producers. Since 1999, we have been implementing the Milk Rivers program, to provide our external suppliers with advanced equipment on favorable financing terms in order to help ensure that our plants are supplied with raw milk.
In addition, in 2005 we launched a new, stand-alone business unit called Agro, which owns five farms located in in Leningrad Region in Northwest Russia and Krasnodar Province in Southern Russia.
We are also a leading Russian producer of juice and mineral water products. Our most famous Russian juice brands include J7 and Favorite Garden. The beverages business is also represented by Wonderberry fresh berry drink and mineral water products drawn from environmentally safe natural springs, such as Essentuki. According to agency Business Analytica, our products accounted for 19% of the Russian juice market in 2006.
We have been making baby food under the Agusha trademark since 1996. Today, in addition to dairy products, this brand includes juices, fruit, meat and vegetables purees, as well as products for pregnant and nursing women. According to market research on the baby-food market conducted by Сomcon TGI, 81% of consumers are aware of the Agusha brand , the highest rate of brand awareness among all baby food brands.
We are proud of our brands. Our current efforts are aimed at strengthening our leading trademarks. We closely monitor the marketplace to ensure we anticipate and react in a timely fashion to changes in consumer demand.
Wimm-Bill-Dann was the first company in Russia to implement international best practices in corporate governance. Indeed, for many Russian companies of a similar profile, our efforts proved to be an important catalyst for change. We have demonstrated that a Russian company outside of the oil, gas and telecoms business could achieve a listing on the NYSE. .
In 2007, the international ratings agency Standard & Poors confirmed WBD's Corporate Governance Score at 7+ (7.7 on the Russian national scale). This is the highest rating assigned to a Russian company.
Wimm-Bill-Dann is a signatory to the Social Charter of Russian Business adopted by Russian Union of Industrialists and Entrepreneurs. Along with others who have signed the charter, we are convinced that there need be no contradiction between business goals and social responsibility. Indeed, the two complement each other and we believe that business, the government and society should work together according to the principles of law and on a transparent basis.
We believe that our products are our primary contribution to the economic and social wellbeing of Russia and the countries of the CIS. All of our products are subject to rigorous testing and monitoring in order to guarantee their safety and high quality.
Today we have clear strategy and know that by 2010 we want to become a truly world-class food producer. We believe that we have put in place everything necessary in order to achieve our goals.
Current Operations
We are one of the largest Russian manufacturers of dairy and juice products. In 2005, approximately 72% of our net revenues were derived from the sale of dairy products, approximately 22% from the sale of juice and water products and approximately 6% from the sale of baby food products.
Since our founding in 1992, we have become the market leader in Russia in the dairy market and one of the market leaders in the juice market. In the dairy market, according to an AC Nielsen study of 24 major cities located throughout Russia, including Moscow and St. Petersburg, we were the market leader (with the exception of open-air markets) during 2005 with 34.1% of the total market in all packaged dairy markets except for pasteurized milk. According to Rosstat, our total market shares in these markets was lower than the AC Nielsen study. Our market shares were 31.3% in traditional dairy products and 40.7% in yogurt and dessert dairy products in terms of value. In the Russian juice market, according to a Business Analytica survey of all of Russia, we had a 21.7% market share in terms of value during 2005. We currently have 30 manufacturing facilities in Russia and other countries of the CIS, as well as distribution centers in 26 cities throughout Russia and the CIS.
Geographical Spread
Russia
Board of Directors and Key Management
| Directors |
| David Iakobachvili |
| Sergei A. Plastinin |
| Gavril A. Yushvaev |
| Mikhail V. Dubinin |
| Alexander S. Orlov |
| Guy de Selliers |
| Michael A. O'Neil |
| Evgeny G. Yasin |
| Marcus Rhodes |
| Jacques Vincent |
| Igor V. Kostikov |
| Key Managers |
| Tony Denis Maher |
| Dmitry V. Ivanov |
| Natalia K. Turkulets |
| Marina G. Kagan |
| Gennady K. Krainov |
| Oleg E. Kuzmin |
| Silviu Popovici |
| Grant Winterton |
| Gary Sobel |
Company Address16 Yauzsky Boulevard
|
Additional Address/Key ContactWBD Investor Relations Team |
Nominated BrokersJP Morgan |
Major Shareholders
| Wimm-Bill-Dann’s shareholder structure (based on the List of affiliated parties dated Sept. 30, 2006, as amended, as well as SEC public filings) is as follows: |
| American Depositary Receipts 32.7% |
| incl. |
| Danone 10.7% |
| Founders of the company 47.2% |
| Other holders of ordinary shares 20.1% |
| Incl. |
| Danone 7.6% |
Most Recent Statement
28/08/08 - WIMM-BILL-DANN FOODS OJSC ANNOUNCES 30% REVENUE GROWTH IN FIRST HALF OF 200822/08/08 - WIMM-BILL-DANN FOODS ANNOUNCES SECOND QUARTER 2008 CONFERENCE CALL AND WEB CAST
26/06/08 - 20-F 2007 FILING STATEMENT
06/06/08 - WIMM-BILL-DANN ANNOUNCES REVENUE GROWTH OF 35% IN FIRST QUARTER 2008
28/03/08 - WIMM-BILL-DANN FOODS OJSC ANNOUNCES IMPRESSIVE REVENUE GROWTH FOR FINANCIAL YEAR 2007
27/03/07 - WIMM-BILL-DANN FOODS OJSC ANNOUNCES 26% REVENUE GROWTH AND THREE-FOLD INCREASE IN NET PROFIT IN 2006