Freedom Foods Group Limited Managing Director & CEO Presentation Half Year Results FY 2017
|
|
- Marian McCarthy
- 6 years ago
- Views:
Transcription
1 Freedom Foods Group Limited Managing Director & CEO Presentation Half Year Results FY 2017
2 Important Information This presentation is provided for information purposes only. The information contained in this presentation is not intended to be relied upon as advice to investors and does not take into account the investment objectives, financial situation or needs of any particular investor. Investors should assess their own individual financial circumstances and consider talking to a financial adviser or consultant before making any investment decision. Certain statements in this presentation constitute forward looking statements. Such forward looking statements involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company and which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements. While all reasonable care has been taken in relation to the preparation of this presentation, none of the Company, its subsidiaries, or their respective directors, officers, employees, contractors or agents accepts responsibility for any loss or damage resulting from the use of or reliance on the presentation by any person. Past performance is not indicative of future performance and no guarantee of future returns is implied or given. Some of the information in this presentation is based on unaudited financial data which may be subject to change. All values are expressed in Australian currency unless otherwise stated. All intellectual property, proprietary and other rights and interests in this presentation are owned by the Company. 2
3 Half Year FY 2017 Results Overview 3
4 Our Company Strategically well positioned to build scale in key food and beverage platforms with strong diversification in sales and earnings growth over the long term from key markets and channels in Australia / NZ, China, South East Asia and North America CATEGORY PLATFORMS Plant Based Beverages Dairy (Beverages & Nutritionals) Specialty Cereal and Snacks MARKETS Australia, NZ, China, South East Asia, North America CATEGORY BRANDS Freedom Foods Australia s Own 4
5 1 st Half FY 2017 Results Overview A successful 6 month period investing in the Company s capabilities to deliver profitable growth consistent with its medium term plan, with reported net sales growth of 129%, reflecting: Strong organic sales growth across all key category platforms in Australia/NZ, China, South East Asia and North America; Strong growth in new value added Cereal and Snacks and Plant Based Beverages, including branded and nonbranded sales in the growing Almond and value added plant milk categories; Strong sales growth in new channels including Food Services in Australia and into South East Asia with plant milks and oat based cereals; Acceleration of growth in sales dairy beverages, including our Australia s Own Kid s Milk in China, with the brand now the leading imported Kid s Milk brand in China where distributed; Full 6 month sales and profit contribution from Darlington Point Mill, Dandenong cereal and bar operations and Shepparton Dairy Beverage operations; Development of a strong pipeline of product innovation leading to further sales growth into calendar 2017; and Net sales growth (adjusted for the impact of acquisitions from comparable periods) was 30.2% on the prior year period Excluding Shepparton operations, net sales growth was 17.3% 5
6 1 st Half FY 2017 Results Overview (cont d) Execution of significant capital expenditure projects across the Group, including the nearly completed state-ofthe-art UHT plant and dairy milk processing facility at Ingleburn in South West Sydney to drive material ongoing earnings benefits over the medium term Strong growth in dairy beverage sales, with a significant turnaround in contribution from the Dairy operations at Shepparton, reflecting new contracts and increasing demand in Australia, China and South East Asia. The business was consolidated from 1 January 2016, following the Company converting its notes into shares As a critical part of our long term dairy milk supply strategy, Australian Fresh Milk Holdings (AFMH), expanded what is Australia s largest single-site dairy operation from 3,500 to 5,500 milking cows. The business is profitable, is improving its profitability in line with its medium term plans and made a contribution to earnings in the period Successful capital raising initiatives including an entitlements issue and placement in December 2016 to existing and new shareholders raising $75 million. The funds raised from the capital raising are being utilised in the funding of the Company s growth strategy including the acquisition of Australian Consolidated Milk s 50% interest in Pactum Dairy Group and other proposed acquisitions and investments as well as providing the Company with additional balance sheet flexibility for future growth opportunities 6
7 Operating EBITDA (Underlying vs Statutory) 6 Months to 31 st December 2016 (A$ 000) 1H H 2016 Underlying Operating EBDITA (1) 12,994 7,542 Other costs not representing underlying performance (2) (309) (2,415) Employee Share Option Expense (non cash) (224) (180) Statutory EBDITA (1)(3) 12,461 4,947 Note: 1) Operating EBDITA is a non-ifrs measure as contemplated in ASIC Regulatory Guide 230 Disclosing non-ifrs financial information (RG230). Operating EBDITA is used by management and the directors as the primary measures of assessing the financial performance of the Group and individual segments. 2) 2016 other costs comprise once off acquisition costs, unrealised foreign exchange loss and a workers compensation settlement from a 2015 incident. 3) 2015 Statutory EBDITA excludes gains from a2mc investment disposal. Operating EBDITA of $13 million (72% increase) reflecting: - Increased contribution from Cereal and Snacks operations; - Increased demand for Plant Based Beverages; - Full 6 months contribution from Dandenong and Darlington Point acquisitions; - Full 6 months contribution following consolidation of the PDG Shepparton operations; and - Partially offset by a decrease in contribution from Specialty Seafood. Operating EBDITA growth (adjusted for the impact of acquisitions from comparable periods and excluding Shepparton contribution) was 29% on the prior year period 7
8 Significant Investment in Food & Beverage Manufacturing Capability 8
9 Significant and Unique Manufacturing Capabilities Approximately $220m of capital expenditure either in progress (Ingleburn, Dandenong, Shepparton) or in the early stages of utilisation (between 1-2 years). Post 2018, a capability with replacement cost estimated at +$450 million* Source: Annual Reports * Management Estimate 9
10 INGLEBURN South West Sydney 10
11 Progress of New UHT Facility at Ingleburn Largest Investor in UHT Technology and Capacity in Australia State-of-the art UHT facility for manufacturing of: - Plant based beverages - Premium Milk beverages Current: Installed capacity for up to 180m litres per annum - Traditional Tetra Carton Board packaging formats - New UHT and ESL Plastic Bottle Packaging Capability (Oct 2017) - Lower cost, efficiency and integrated warehouse and distribution Future: Infrastructure to provide for 300m litres capacity Apr 2017: Commissioning and products starting to come on-stream Sep 2017: 100% of production transferred from Taren Point site 11
12 Progress of New UHT Facility at Ingleburn (cont d) External infrastructure almost complete 12
13 Progress of New UHT Facility at Ingleburn (cont d) Commissioning expected to commence in April
14 SHEPPARTON Victoria 14
15 Shepparton UHT Capability Largest Investor in UHT Technology and Capacity in Australia Established in April 2014 Growing demand (domestic and export) with monthly volumes averaging 8-9 million litres, with further growth into 2017 Additional processing and packaging upgrades from 1 st quarter 2017 With large base dairy volume established, focus is on driving the business towards specialty and high value added products - UHT Cream (whipping, pouring) - Ambient drinking yogurt - High protein products 15
16 Shepparton UHT Capability (cont d) 16
17 New UHT Capacity at Shepparton New Schubert Machine 17
18 Building Capability in Specialty Protein Solutions Major milk proteins are unique to milk. Milk proteins are valuable as they have appropriate amino acid composition for growth and development Internalise Existing Protein Requirements Our Goals: Build capability in Highest Purity Specialty Proteins for Value Added Food & Beverage Solutions Build into New Formats and Categories Utilise processing and packaging capabilities Capability on-stream from early 2018 Potential for acquisition opportunities in core categories 18
19 Additional Infrastructure at Shepparton Company now owns or leases (long term lease) all of the land and building infrastructure at the Shepparton site In house warehousing capacity Expanded facilities provide for fast tracking additional production capabilities 19
20 DANDENONG South Melbourne 20
21 New Oats Processing Capability at Dandenong Building Capacity to Drive Australian and Export (China & SE Asia) Demand 21
22 DARLINGTON POINT MILL Riverina NSW 22
23 Darlington Point Milling Storage Tanks & Milling Equipment Installation 23
24 POWER FOODS Sydney 24
25 Acquisition of Power Foods International Power Foods owns the Vital Strength brand recognised leader in high quality nutrition products, sold through retail grocery, pharmacy and fitness retailers in Australia Power Foods manufactures all its protein powders at its own blending and packing facility in Sydney Transactional Rationale Immediate entry into the sports and adult nutrition category Expansion of brand category in Australia, China and SE Asia Unique vertical integration to expanding dairy nutritional capabilities Product development opportunities in snack food and beverage manufacturing Expanded ranging at retailers already secured and to be introduced from June 2017 Freedom leveraging existing retail customer and distribution capabilities 25
26 Vital Strength Specialist Sports Nutrition Brand Proudly Australian made Vital Strength protein powders are manufactured in a wholly owned sports registered facility located in Sydney Private ownership and long term focus As a privately owned company, Vital Strength has re-invested in technology, processes and people to become a category leader Broad consumer appeal Vital Strength has recognised and catered for the evolving needs of consumers and built credibility and trust across a wide audience from bodybuilders to mainstream users Certified HACCP manufacturing As a HACCP Certified manufacturer, Vital Strength maintains the strictest of protocols and all products are manufactured with consideration of the WADA code Innovation & Leadership Vital Strength has developed a range of products that appeal to many consumer needs and is the Australian leader in manufacturing, packaging and brand design 26
27 Global Sports Nutrition Trends Sports Nutrition in strong growth, with protein bars and RTD s gaining share Fitness & healthy lifestyle have become mainstream Shoppers want easy access to quality nutritional products Sports Nutrition is driving mainstream Fitness Lifestyle Trends #CleanEating 27
28 Building New Channels & Markets 28
29 Strategic Platform Established The Cereal, Snack and Milling business is now strategically positioned to build a significant growth platform in multiple products, channels and distribution 29
30 Branded Portfolio in Australia Number 1 Health Food Cereal Brand with +40% Market Share and Growing 30
31 Digital Campaign delivering Strong Engagement with Target 31
32 Execution of Dynamic & On Trend Innovation +10 new products launched in FY17 in a retailer reduced range environment New Cereal & Snacking range on shelf in Woolworths & Coles stores now 32
33 Execution of Dynamic & On Trend Innovation (cont d) New Cereal & Snacking range on shelf in Woolworths & Coles stores now 33
34 Execution of Dynamic & On Trend Innovation (cont d) New Cereal & Snacking range on shelf in Woolworths & Coles stores now 34
35 Building Presence in Value Added Cereal in Breakfast Category Leveraging Arnold s Farm to fill a gap in the Oats & Muesli segment in the Breakfast category exclusively in Woolworths with +14% share* Arnold s Farm on shelf in Woolworths stores * Aztec Scan Data, MAT 02/10/16 35
36 FY 2017 Breakthrough Innovation Ready for Launch into North America 36
37 Food Service Offering Building New Channels Through Innovation in Coffee Milk Application Strong Brand Recognition and Sales Achieved within this Higher Margin Channel 37
38 Food Service Offering (cont d) Building New Channels Through Innovation in Coffee Milk Application Strong Brand Recognition and Sales Achieved within this Higher Margin Channel 38
39 Expansion of Packaging Capability to Drive Innovation Expanding Plant Based Beverages into the chiller for increased convenience & to directly compete with Dairy In Woolworths stores November
40 Strong Relationships across a Plethora of Clients Established Key Relationships with Major Dairy Manufacturers and Brand Owners in China and South East Asia China China Shenzhen JLL Food Co 40
41 Australia s Own for China A Premium Dairy Platform Continued Strong Growth Trajectory through 2016 making it the Largest Imported Kid s Milk Brand in China Australia s Own Dairy Company China (AO China) to be established in
42 Cereal in China Market Expected to Accelerate in China Arnold s Farm brand was the No. 1 Cereal Product on Tmall International during the CNY promotional period and one of the Top 3 selling products in Tmall 42
43 So Natural & Vitalife Company Brands Building Through Online Channels into China SO NATURAL Dairy Milk No 1 imported dairy milk brand on JD Worldwide (cross border channel) SO NATURAL brand building beyond dairy into Cereals and related products SO NATURAL Muesli one of 10 Special best in class food products promoted by JD 43
44 Supply Chain 44
45 Access to Value Added Supply Chain Dairy Milk Collectively the combined Moxey Farm and Perich Group s Leppington Pastoral Company dairy milk production is the largest dairy milking operation in Australia Specialty Milk Streams - A2 - High Protein - Organic Best-in-class quality for Premium Dairy Products Expanded from 3,700 milking cows (75m litres pa) to 5,500 milking cows (100m litres pa) Scalable to build additional capability to supplement processing base in Australia 45
46 Freedom Farmers Aiming to be a fully integrated paddock to plate provider to ensure full quality control of our supply chain Harvesting in 2017 Maize (Corn), Sorghum, Buckwheat, Oats 46
47 Darlington Point Mill Largest supplier of popping corn in Australia with over 40% share 47
48 Corporate & Group Management 48
49 Talent & Technology We are developing our people, talent & capability across all areas to align with the Company s rapidly expanding sales and operational platform Significant investments in people, talent and capability in all areas of retail sales, marketing & innovation, quality operations, financial and compliance During the period, the Company appointed a Chief Financial Officer For our expanding capital projects initiatives, we increased our capability to manage and install our key projects that will provide for ongoing capability at our sites, reducing reliance on 3 rd party providers Well progressed on a complete transformation of its IT / ERP systems, with the transition from a 1 st generation platform to a new cloud based ERP system well progressed and expected to be materially completed by June 2017 The Company intends to be a leader in utilising digital technologies to further automate and streamline its operations 49
50 Capital Management Strong Cash Flow with Prudent Capital Management Policies in Place Dec 2016: Completed a capital raising comprising a pro-rata accelerated nonrenounceable entitlement offer and institutional placement The offer raised a total of $75 million, with the institutional component being significantly oversubscribed with strong demand from a broad range of high quality institutional investors including existing institutional shareholders Capital Raising Offer price: $4.45 per share (5.9% discount to 30 days VWAP) Funds raised utlised in funding of the Company s growth strategy: - Acquisition of ACM s 50% interest in PDG - Other proposed acquisitions and investments - Balance sheet flexibility for future growth opportunities including the capital expenditure initiatives which are ongoing in relation to product and capability expansion at our Shepparton, Ingleburn and Dandenong facilities 50
51 Capital Management (cont d) Net debt of $32.4 million comprising cash of $72.7 million and total borrowings of $105.1 million (term facilities, equipment finance leases, working capital facilities), implying a net debt to equity ratio of 9.2% Cash & Liquidity (as at 31 Dec 2016) Cash Flow from Operations was $9.1 million (an increase of $7.6 million from 1H 2016), reflecting increased sales and improved cash generation, notwithstanding sales increase impacts on inventory build due to the changing mix of business and new product launches Invested $58.2 million in capex relating to new facilities being constructed at Ingleburn and capital expenditure on plant and equipment at Shepparton, Dandenong, Leeton and Darlington Point operations Dividends Interim fully franked dividend of 2.00 cents per ordinary share (an increase of 0.25 cents from 1H 2016) Record date of 3 rd April 2017 and payment date of 28 th April 2017 The Company s Dividend Reinvestment Plan (DRP) remains open 51
52 Outlook Australia s Own and Freedom Foods brands will increasingly be at the forefront of driving our returns from our innovation and manufacturing capabilities A strong start to the year in sales across all business areas will further accelerate into the 2 nd half FY 2017, reflecting stronger seasonal sales mix into the 2 nd half and ongoing organic growth. We continue to invest to drive scale and generate profitability: Near completion of Ingleburn material increase in sales & profitability + further growth opportunities Established Dairy platform focus on specialty and high value added products (eg cream & yogurt) Development of specialist Nutritionals platform creating protein and milk componentry for internal use and external sales Strong innovation in Cereal & Snacks a suite of products across multiples channels across geographies Dandenong & Darlington Point acquisitions showing evidence of volume and cost efficiencies Potential Power Foods acquisition exploring new opportunities in sports and adult nutrition market North American strategy acceleration materially contributing to earnings in the medium term We will continue to evaluate acquisitions that add value to and significantly accelerate and or leverage our sales, marketing and operational platforms. Our operating profits will increase through the investment cycle, balanced against a requirement to invest in people, systems and process to manage a scaled and diversified business platform. 52
53 Summary Financials Half Year FY
54 Financial Summary 6 Months to 31 st December 1H 2017 $ 000 1H 2016 $ 000 % Change Net Sales Revenue 123,852 54, % EBDITA (Underlying Operating) (1) 12,994 7, % EBDITA (Statutory) 12,461 4, % Equity Associates Share of Profit (2) % Pre Tax Profit (Operating) (1) 7,277 3, % Pre Tax Profit (Reported) 6,744 27, % Income Tax (Operating) 1, % Net Profit (Operating) (3) 5,312 2, % Net Profit (Reported) (3) 4,475 23, % Interim Ordinary Dividend (cents) % Interim CRPS Dividend (cents) EPS (Fully Diluted) (cents) % EPS Operating (Fully Diluted) (cents) % Net Debt / Equity 9.2% 12.1% Net Assets per Share (cents) Net Tangible Assets per Share (cents) Notes: (1) Underlying Operating EBDITA excludes pre-tax abnormal or non-operating charges including an add back of non cash employee share option expense of $224k excluded gain on sale of a2mc investment. (2) Equity Associates is share of NPAT of Australian Fresh Milk Holdings (10% equity interest held by Freedom Foods Group) and 1% of PDG Equity accounted NPAT for period 1 st July 2015 to 31 st December (3) Operating Pre Tax Profit and Net Profit does not include pre-tax abnormal or non-operating charges including an add back of non cash employee share option expense of $224k excluded gain on sale of a2mc investment. 54
55 Financial Summary by Business Units 6 Months to 31 st December 2016 (A$ 000) Freedom Foods Pactum Taren Point Pactum Dairy Group Specialty Seafood Freedom Foods NA Other Total Net Sales Revenue (1) 58,672 32,099 40,761 6,480 1,136 (15,296) 123,852 Trading EBDITA 6,911 6,134 2, (465) - 15,910 Other Gains and Losses (2) (194) (194) Equity Associates (3) Corporate Costs (4) (3,495) (3,495) Statutory EBDITA 6,911 6,134 2, (465) (3,449) 12,461 Net Sales Change (YOY %) + 87% + 21% n/a - 2% + 49% + 38% + 129% Net Sales Change (YOY $m) + 27, , , , ,735 Trading EBDITA Change (YOY %) + 119% + 29% n/a - 25% - 8% n/a + 88% Trading EBDITA Change (YOY $m) + 3, ,370 +2, n/a + 7,442 Trading EBDITA Margin (%) 11.8% 19.1% 6.2% 12.2% 40.9% n/a 12.8% Trading EBDITA Margin Prior Year (%) + 1.7% + 1.1% n/a - 3.6% +25.2% n/a - 2.8% Notes: (1) Net Sales Revenue is after intercompany elimination of sales (total intercompany sales eliminated is $15.3m). (2) Other gains and losses relates to realised and unrealised exchange gains and losses. (3) Equity Associates is share of NPAT of Australian Fresh Milk Holdings (10% equity interest held by Freedom Foods Group). (4) Corporate Costs includes non cash employee share option expense of $224k and acquisition costs of $31k. 55
56 Cash Flow 6 Months to 31 st December H 2017 ($ 000) 1H 2016 ($ 000) Cash from Operating Activities 9,099 1,450 Net Interest Paid (2,539) (2,092) Income Tax Paid - (2,675) Total Cash from Operating Activities 6,560 (3,317) Capex on PP&E (58,190) (17,150) Net Advances to Associates - (441) Proceeds from Sale of Associates - 90,229 Repayment of Loan by Associates Investment in Equity Interest - (5,733) Business Acquisitions - (39,422) Net Cash used in Investing Activities (58,190) 27,583 Net Proceeds from Equity Issuance 62,667 65,962 Payment of Share Issue Costs (1,536) (1,613) Dividends Paid (1,038) (560) Proceeds of Bank Financing 1,319 18,974 Other Payments (966) (3) Net Cash from Financing Activities 60,446 82,760 Cash Flow from Operating Activities: 6 times increase reflecting increased sales, improved cash generation and working capital mix Net Interest Paid: Increased reflecting higher utilisation of financing facilities relating to working capital and capex Income Tax Paid: No income tax was paid during the period. The Company is in the process of finalising prior period returns an will pay tax in the 2 nd half Capex: Capex on construction of Ingleburn and P&E at various site Closing Cash Balance 72, ,355 56
57 Funds Employed 31 Dec 16 ($ 000) 30 Jun 16 ($ 000) Inventory 54,606 45,834 Trade & Other Creditors (62,757) (51,780) Net Investment in Inventory (8,151) (5,946) Trade & Other Receivables 48,547 45,548 Other Current Assets 8,021 3,979 Working Capital 48,417 43,581 Inventory and Receivables: Increases reflecting increase sales turnover and additional working capital requirement for new innovation in products Fixed Assets: Capex on construction of Ingleburn facility and P&E at Shepparton, Dandenong and Darling Point PP&E 278, ,317 Intangible Assets 71,153 71,128 Other Fixed Assets 9,896 9,944 Total Fixed Assets 359, ,389 Total Funds Employed 407, ,970 Other Creditors & Provisions (22,826) (21,923) Net Funds Employed 385, ,047 Net Financing (32,424) (39,922) Net Equity 352, ,125 ND / Equity 9.2% 13.9% 57
58
For personal use only
Freedom Foods Group Limited Managing Director & CEO Presentation 30 th November 2016 Important Information This presentation is provided for information purposes only. The information contained in this
More informationFreedom Foods Group Limited
Freedom Foods Group Limited FY 2016 Half Year Results Presentation Rory J F Macleod Managing Director Important Information This presentation is provided for information purposes only. The information
More informationFor personal use only
Freedom Foods Group Limited ABN 41 002 814 235 80 Box Road Taren Point NSW 2229 T: +61 2 9526 2555 www.ffgl.com.au /FreedomFoodsGroup 28 th February 2016 Freedom Foods Group Limited (ASX: FNP) Half Year
More informationFreedom Foods Group Limited. FY 2016 Management Presentation September 2016
Freedom Foods Group Limited FY 2016 Management Presentation September 2016 Important Information This presentation is provided for information purposes only. The information contained in this presentation
More informationFor personal use only
Freedom Foods Group Limited ABN 41 002 814 235 80 Box Road Taren Point NSW 2229 T: +61 2 9526 2555 www.ffgl.com.au /FreedomFoodsGroup 27 th February 2018 Freedom Foods Group Limited (ASX: FNP) Half Year
More informationFor personal use only. Company Presentation. Review of Half Year FY Rory J F Macleod Managing Director
Company Presentation Review of Half Year FY 2015 Rory J F Macleod Managing Director 1 Important Information This presentation dated March 2015 provides additional comment on the market release of 27 th
More informationFreedom Foods Group Limited (ASX: FNP) Full Year FY 2016 Financial Results
31 st August 2016 Freedom Foods Group Limited (ASX: FNP) Full Year FY 2016 Financial Results Freedom Foods Group Limited (FNP or Company) has today released the Company s Audited Full Year Results for
More informationFor personal use only
For personal use only Credit Suisse Dairy Day Nicholas Simms CEO 11th April 2018 DISCLAIMER This presentation and any materials provided (materials) have been prepared by Bubs Australia Limited (Bubs)
More informationFY16 FULL YEAR FINANCIAL RESULTS
FY16 FULL YEAR FINANCIAL RESULTS 30 AUGUST 2016 INVESTOR PRESENTATION Ryan d Almeida (CEO) Phil Wiltshire (CFO) FY16 Financial Highlights 1. 2. 3. 4. 5. 6. 7. IPO Prospectus forecasts for pro forma revenue,
More informationFY16 AGM Rob Woolley, Chair Laura McBain, CEO 19 October 2016
FY16 AGM Rob Woolley, Chair Laura McBain, CEO 19 October 2016 SHARE PRICE $ 18 16 14 12 10 8 6 4 2 0 05-Aug-14 30-Aug-14 30-Sep-14 31-Oct-14 30-Nov-14 31-Dec-14 31-Jan-15 28-Feb-15 31-Mar-15 30-Apr-15
More informationFY2015 Results Presentation CEO & Managing Director - Julian Ogrin CFO - Leanne Wolski
FY2015 Results Presentation CEO & Managing Director - Julian Ogrin CFO - Leanne Wolski 21 August 2015 Important notice and disclaimer This presentation includes information about the activities of amaysim
More informationDRIVING GROWTH FY15 INVESTOR PRESENTATION. Charlie McLeish Chief Executive Officer Albert Zago Chief Financial Officer YEAR ENDED 28 JUNE 2015
DRIVING GROWTH FY15 INVESTOR PRESENTATION YEAR ENDED 28 JUNE 2015 Charlie McLeish Chief Executive Officer Albert Zago Chief Financial Officer STRATEGIC ACHIEVEMENTS Gross branded sales in Australia GREW
More informationRECORD FINANCIAL RESULTS AND MARKET SHARE POSITIONS IN ALL KEY MARKETS, STEP-CHANGING INVESTMENT IN BRAND AND CAPABILITY
NZX: ATM ASX: A2M 20 February 2019 NZX/ASX Market Release RECORD FINANCIAL RESULTS AND MARKET SHARE POSITIONS IN ALL KEY MARKETS, STEP-CHANGING INVESTMENT IN BRAND AND CAPABILITY Results highlights for
More informationDOING BUSINESS IN CHINA 27 OCTOBER 2017
DOING BUSINESS IN CHINA 27 OCTOBER 2017 DISCLAIMER - This presentation is intended to constitute a summary of certain information about Synlait Milk Limited (Synlait). It should be read in conjunction
More information2009 Full Year Result
2009 Full Year Result 23 February, 2010 Chief Executive Brendan Hopkins Chief Financial Officer Peter Myers Overview Result in line with guidance Strong cost outcome high operating leverage February/March
More informationFull Year Results Presentation
Full Year Results Presentation for the full year ended 30 June 2007 Paul Moore, Chief Executive Officer Stephen Audsley, Chief Financial Officer 21 August 2007 Agenda FY2007 performance highlights Strategy
More information2013 Half Year Results Presentation
2013 Half Year Results Presentation Ending March 31 st 2013 Adrian Di Marco Adrian_Dimarco@TechnologyOneCorp.com Commercial in confidence TechnologyOne Half Year Technology One Ltd Half Year Presentation
More informationDuluxGroup. Full Year Results Announcement. 8 November 2010
DuluxGroup Full Year Results Announcement 8 November 2010 Important Note: Impact of demerger from Orica on DuluxGroup s FY10 Results Effective 9 July 2010, DuluxGroup Limited ceased to be a subsidiary
More informationSpotless Group Holdings Limited FY14 Results Presentation
Spotless Group Holdings Limited FY14 Results Presentation 25 August 2014 Presenters: Bruce Dixon Chief Executive Officer & Managing Director Danny Agnoletto Chief Financial Officer Important Notices Important
More informationFor personal use only
GALE Pacific Investor Presentation Results to 30 June 2015 September 2015 Who we are GALE Pacific manufactures and markets branded screening, shading and home improvement products. We are a world leader
More informationMorgan Stanley. Emerging Companies Conference 15 June 2017
Morgan Stanley Emerging Companies Conference 15 June 2017 Australia s Leading Industrial Services & Waste Management Specialist Employer of over 1650 people nationally National network of strategically
More informationDairy Day First NZ Capital Credit Suisse 6 April 2016
Dairy Day 2016 First NZ Capital Credit Suisse 6 April 2016 Bellamy s is positioned for continued growth Demand has never been a constraint to Bellamy s growth Global infant formula market >US$50bn (2014)
More informationAustralian Dairy Farms Group (ASX:AHF) ASX Small and Mid-Cap Conference 6 th September 2018 Presenter Peter Skene CEO Australian Dairy Farms Group
Australian Dairy Farms Group (ASX:AHF) ASX Small and Mid-Cap Conference 6 th September 2018 Presenter Peter Skene CEO Australian Dairy Farms Group Australian Dairy Farms Group 1 Disclaimer Commercial in
More informationFY18 RESULTS PRESENTATION
FY18 RESULTS PRESENTATION DISCLAIMER This presentation has been prepared by rhipe Limited ACN 112 452 436 (RHP). Each Recipient of this presentation is deemed to have agreed to accept the qualifications,
More informationAUSTRALIAN PHARMACEUTICAL INDUSTRIES LIMITED BBY EMERGING COMPANIES CONFERENCE 24 JUNE 2014
AUSTRALIAN PHARMACEUTICAL INDUSTRIES LIMITED BBY EMERGING COMPANIES CONFERENCE 24 JUNE 2014 API snapshot API is a leading health and beauty retailer and franchise partner. The key assets: Priceline Pharmacy
More informationChina Mengniu Dairy Company Limited 2013 Annual Results. Stock Code: 2319 March 2014
China Mengniu Dairy Company Limited 2013 Annual Results Stock Code: 2319 March 2014 Disclaimer The presentation is prepared by China Mengniu Dairy Company Limited (the Company ) and is solely for the purpose
More informationSTRATEGIC REPORT. Business model. Capital Inputs. Natural and sustainable. Manufactured. Intellectual. Human. Financial. Social and relationships
Business model Delivering better nutrition Source Our core ingredients are pure and clean ingredients, such as milk and grains, from the primary producers. In addition we source inputs from other food
More informationHGL Limited. For personal use only. Annual General Meeting 16 February Computershare Offices 60 Carrington Street, Sydney
HGL Limited Annual General Meeting 16 February 2017 Computershare Offices 60 Carrington Street, Sydney CEO Presentation Henrik Thorup 16 February 2017 AGENDA CORPORATE HIGHLIGHTS GPS STRATEGY PLAN FY16
More informationSTRATEGIC UPDATE 20 DECEMBER 2017
STRATEGIC UPDATE 20 DECEMBER 2017 DISCLAIMER - This presentation is intended to constitute a summary of certain information about Synlait Milk Limited ( Synlait ). It should be read in conjunction with,
More informationThe Warehouse Group Limited 2016 Interim Result
The Warehouse Group Limited 2016 Interim Result Friday, 11 March 2016 Chairman s Introduction A strong first half profit performance, the result of favourable trading conditions, a focus on returning to
More informationFor personal use only
Results announcement for the half-year ended 30 September 2016 15 Agenda CEO update Financial update Outlook Strategy update Q&A A Appendix CEO Update Richard Kimber Chief Executive Officer Investment
More informationVOCATION LIMITED FY14 RESULTS PRESENTATION
VOCATION LIMITED FY14 RESULTS PRESENTATION August 2014 Important Notice and Disclaimer The material in this presentation has been prepared by Vocation Limited ABN 95 166 631 330 ("Vocation") and is general
More informationFor personal use only
First NZ Capital and Credit Suisse Dairy Day Presentation April 2016 a2 Milk, a2 Platinum and The a2 Milk Company are trade marks of The a2 Milk Company Limited Agenda Company overview Financial information
More informationDentsu Inc. H1 FY2018 Consolidated Financial Results
August 9, 2018 Dentsu Inc. H1 FY2018 Consolidated Financial Results (The first half ended June 30, 2018 reported on an IFRS basis) Note: - IFRS 15 Revenue from Contracts with Customers is applied from
More informationSteelcase Inc. Reports Third Quarter Fiscal 2002 Results; Declares Quarterly Dividend of Six Cents Per Share
Steelcase Inc. Reports Third Quarter Fiscal 2002 Results; Declares Quarterly Dividend of Six Cents Per Share GRAND RAPIDS, Mich.--(BUSINESS WIRE)--Dec. 19, 2001--Steelcase Inc. (NYSE:SCS) today reported
More informationFor personal use only
RXP Services Annual General Meeting 19 October 2016 Items of Business A. Chairman and CEO Presentations 1. Discussion of Financial Statements and Reports 2. Consideration of Remuneration Report 3. Consideration
More informationHalf Year Results and Business Update
Half Year Results and Business Update Rene Sugo, Group CEO 13 February 2018 Financial Summary Forecast Corporate Overview Business Overview 2 1 Financial Summary 28% 27% 19% 25% Revenue Gross Margin EBITDA
More informationFor personal use only
Financial Year 2016 Results Investor Presentation August 2016 Agenda Results Overview 3 Brand by Performance. 11 1. Fantastic Furniture 2. Plush 3. Original Mattress Factory Manufacturing.... 16 Financials...
More informationamaysim Australia Limited (ASX:AYS) today announced its results for the full year to 30 June 2017.
ASX ANNOUNCEMENT 28 August 2017 amaysim 2017 full year result Record result driven by strong growth in mobile subscribers, disciplined cost management and solid 2-month contribution from energy HIGHLIGHTS
More informationMunksjö historical. Ahlstrom- Munksjö Net sales Other operating income Total income
1 APPENDIX: UNAUDITED PRO FORMA FINANCIAL INFORMATION The following unaudited pro forma consolidated financial information (the Pro forma financial information ) is presented for illustrative purposes
More informationAnnual General Meeting 18 November am WST, The Esplanade Hotel Fremantle
Annual General Meeting 18 November 2014 11.30am WST, The Esplanade Hotel Fremantle Contents FY14 Review GRB Opportunity at a glance Gage Roads Growth Plan Update on Key Objectives and Strategies Marketing
More informationPental Limited Investor Presentation. Charlie McLeish, CEO Josephine De Martino, CFO. Trusted Brands Since 1856 Pental Limited 1
Pental Limited 2018 Investor Presentation Charlie McLeish, CEO Josephine De Martino, CFO Trusted Brands Since 1856 Pental Limited 1 Agenda Pental Overview Business Review Financial Performance Business
More informationInvestment Community Conference Call. First Quarter, 2017 Earnings May 4, 2017
Investment Community Conference Call First Quarter, 2017 Earnings May 4, 2017 Use of Non-GAAP Financial Information Diebold Nixdorf has included non-gaap financial measures in this presentation to supplement
More informationFor personal use only
ASX RELEASE APPENDIX 4C & OPERATIONAL UPDATE MSL DELIVERS GROWTH 26 July 2018: MSL Solutions Limited (ASX: MPW) (MSL or the Company) has today lodged its Report and is pleased to provide an update on the
More informationXYZ Food Ingredients XYZ. Information for investors. Example only
XYZ Food Ingredients Information for investors Example only XYZ Overview This document provides prospective investors in XYZ with information about the company s plans and prospects. It has been prepared
More informationSEQUENTIAL IMPROVEMENT IN Q 2017 RESULTS ANNOUNCEMENT. FY 2010 Results Presentation
SEQUENTIAL IMPROVEMENT IN 2010 FY 2010 Results Presentation 2Q 2017 PERFORMANCE REVIEW 2Q 2017 Results Summary 3 (S$ m) 2Q 2017 Revenue 1,013.1 Profit before taxation 84.5 Income tax expense (14.7) Profit
More informationFor personal use only. Traffic Technologies Ltd Investor Presentation 29 January 2014
Traffic Technologies Ltd Investor Presentation 29 January 2014 H1 14 EARNINGS GUIDANCE H1 14 EARNINGS GUIDANCE Earnings Guidance - Half Year to 31 Dec 2013 Half Year Ended 31 Dec 2013 ($m) 31 Dec 2012
More informationHALF YEAR ENDED 30 DECEMBER 2018 RESULTS PRESENTATION 15 FEBRUARY Matt Spencer Chief Executive Officer & Managing Director
HALF YEAR ENDED 30 DECEMBER 2018 RESULTS PRESENTATION 15 FEBRUARY 2019 Matt Spencer Chief Executive Officer & Managing Director Darin Hoekman Chief Financial Officer IMPORTANT NOTICE AND DISCLAIMER This
More information2017 AUDITED PRELIMINARY RESULTS
microgen 2017 AUDITED PRELIMINARY RESULTS Year ended 31 December 2017 7 March 2018 microgen GROUP OVERVIEW Across its two operating businesses Microgen develops, implements and supports businesscritical
More informationInghams Group Limited
Inghams Group Limited 1H FY2017 Results Presentation 15 FEBRUARY 2017 Important notice and disclaimer Disclaimer The material in this presentation is general background information about the activities
More informationCoca-Cola Amatil 2015 Interim Result
Coca-Cola Amatil 2015 Interim Result Alison Watkins Group Managing Director Martyn Roberts Group Chief Financial Officer Barry O Connell MD Australian Beverages 21 August 2015 2015 Interim Result Overview
More informationMacquarie Securities Conference Australia
Macquarie Securities Conference Australia Greg Hunt Managing director and chief executive officer Wednesday, 3 May 2017 Disclaimer General This presentation has been prepared by Nufarm Limited. The information
More informationQ1 FY19 Financial Update
Q FY9 Financial Update Salesforce NYSE: CRM @Salesforce_ir Safe Harbor "Safe harbor" statement under the Private Securities Litigation Reform Act of 995: This presentation contains forward-looking statements
More informationDraft 14 09/02/17 1 INDEPENDENT. ALWAYS.
Draft 14 09/02/17 1 INDEPENDENT. ALWAYS. SUMMARY INFORMATION This presentation contains summary information about Fairfax Media Limited and its activities current as at 22 February 2017. The information
More informationFor personal use only
18 April 2013 ASX Release TRADING UPDATE Warrnambool Cheese and Butter Factory Company Holdings Limited (WCB) announces that consistent with its half year results announcement on 28 February 2013, the
More informationDisclaimer Forward-Looking Statements Industry and Market Data Non-GAAP Financial Information
Disclaimer Forward-Looking Statements This presentation includes forward-looking statements within the meaning of the Securities Act of 1933, as amended (the Securities Act ), the Securities Exchange Act
More informationFor personal use only
ASX RELEASE HIGHLIGHTS MSL SOLUTIONS PRODUCES STRONG Q3 CASH FLOW RESULT Operating cash flow of $1.3 million for the quarter, and $2.2 million for the financial yearto-date (unaudited, adjusted for one-off
More informationAUSTRALIAN PHARMACEUTICAL INDUSTRIES LIMITED RETAIL STRATEGY UPDATE AND NEXT GENERATION STORE TUESDAY 19 JULY 2016
AUSTRALIAN PHARMACEUTICAL INDUSTRIES LIMITED AND NEXT GENERATION STORE TUESDAY 19 JULY 2016 Important Notice The material in this presentation is of general information about API s activities current at
More informationVeriFone Files Restated Reports
VeriFone Files Restated Reports SAN JOSE, Calif. -- August 19, 2008 --VeriFone Holdings Inc. (NYSE: PAY) today filed its amended and restated quarterly report on Form 10-Q/A for the fiscal quarters ended
More informationA Leading Global Health Care Group
A Leading Global Health Care Group Roadshow Copenhagen October 6, 2015 For detailed financial information please see our annual/quarterly reports and/or conference call materials on www.fresenius.com/ir.
More informationRas Al Khaimah Ceramics PSC and its subsidiaries. Condensed consolidated interim financial information 31 March 2013
Ras Al Khaimah Ceramics PSC and its subsidiaries Condensed consolidated interim financial information 31 March 2013 Condensed consolidated interim financial information 31 March 2013 Contents Page Independent
More informationFor personal use only
FY13 HALF YEAR RESULTS 30 November 2012 COLLINS FOODS LIMITED 0 Today s agenda SECTION 1 HY13 IN REVIEW SECTION 2 FINANCIAL PERFORMANCE SECTION 3 KFC SECTION 4 SIZZLER SECTION 5 INDUSTRY DYNAMICS AND MARKET
More informationInvestor Presentation
Tony Toohey CEO & Managing Director Investor Presentation August, 2013 1 Disclaimer This document and any oral presentation accompanying it has been prepared in good faith. However, no express or implied
More informationFinancial results Q1 FY2018/19. 3 August 2018
Financial results Q1 FY2018/19 3 August 2018 Disclaimer The following presentation contains forward looking statements by the management of Singapore Post Limited ( SingPost ) relating to financial trends
More informationResults for the 52 weeks to 1 st July 2017
Results for the 52 weeks to 1 st July 2017 Peter Birtles Group Managing Director and Chief Executive Officer David Burns Chief Financial Officer 25 August 2017 Contents 2016/17 Financial Results 2017/18
More information2018 Q1 Investor Relations Presentation
2018 Q1 Investor Relations Presentation Forward Looking Statements This presentation contains forward-looking statements. Statements that are predictive in nature, that depend upon or refer to future events
More informationFull year results presentation 52 Weeks to 31 December 2017
Full year results presentation 52 Weeks to 31 December 2017 1 Continued good progress on strategic initiatives Proposition enhancements in Frankie & Benny s are improving volume momentum Good progress
More informationTIL LOGISTICS GROUP LIMITED FY18 RESULTS PRESENTATION FOR THE YEAR ENDED 30 JUNE 2018
1 TIL LOGISTICS GROUP LIMITED FY18 RESULTS PRESENTATION FOR THE YEAR ENDED 30 JUNE 2018 ABOUT TIL LOGISTICS GROUP One of New Zealand s largest domestic freight and logistics platforms Nationwide network
More informationCompany strategy and performance report
Company strategy and performance report March 2011 Müller. Müller Company profile. Müller is a private company with its origins dating back to 1896 in Bavaria, Germany. In the 1970s and 1980s the company
More informationRetail Industry Rating Methodology
April 2015 Retail Industry Rating Methodology Summary This rating methodology introduces the key rating factors of retail industry adopted by China Chengxin (Asia Pacific) Credit Ratings Company Limited
More informationHealth Care Worldwide. Crédit Suisse Global Credit Products Conference October 1, Barcelona
Health Care Worldwide Crédit Suisse Global Credit Products Conference October 1, 2015 - Barcelona Safe Harbor Statement This presentation contains forward-looking statements that are subject to various
More information2009 Full Year Results. September, 2009
2009 Full Year Results September, 2009 Doug Rathbone Managing Director 2009 Full Year results A challenging year Glyphosate profit impact was substantial Credit related pressures in Brazil Non-glyphosate
More informationFull year 2014 results
Listen-only live audio webcast available from www.gemalto.com/investors Full year 2014 results March 5, 2015 Olivier Piou, CEO Jacques Tierny, CFO Disclaimer This communication does not constitute an offer
More informationFor personal use only MOBILE EMBRACE ASX: MBE. First Half 2016 Results. Chris Thorpe, CEO REACH ENGAGE TRANSACT EMBRACE 1
MOBILE EMBRACE ASX: MBE First Half 2016 Results Chris Thorpe, CEO 1 TABLE OF CONTENTS HALF YEAR UPDATE 1. 2016 FIRST HALF RESULTS (unaudited) 2. GROWTH & STRATEGY UPDATE p 4-8 p 9-16 APPENDIX 1. THE RAPID
More informationFor personal use only
Agenda 1H17 Financial Overview 1H17 Operational Overview Growth Plan and Outlook Growth Plan Detail Appendices Agenda 1H17 Financial Overview 1H17 Operational Overview Growth Plan Appendices 1H17 Financial
More informationPAC Partners. Agribusiness & Food Conference. Mark Keating GM Investor Relations. April, 2016
PAC Partners Agribusiness & Food Conference Mark Keating GM Investor Relations April, 2016 The evolution of Nufarm 1916 Beginning Nufarm Asia and NA Expansion Europe and LATAM Expansion Nuseed Improvement
More informationFor personal use only
ASX ANNOUNCEMENT Bega Cheese to acquire one of Australia s most iconic food brands Bega Cheese Limited (Bega Cheese or the Company) announced today it has agreed to buy most of Mondelēz International s
More informationFor personal use only
1H FY17 results presentation 27 February 2017 1H FY17 results snapshot Sales $124.5m up 5.7% LFL sales -4.0% Cycling +15.4% pcp Gross profit margin CODB 47.4% of sales 59.3% PCP 62.9% up from 43.8% EBIT
More informationThe Global Exchange For Advertising April 2018
The Global Exchange For Advertising April 2018 1 COPYRIGHT RUBICON PROJECT 2018 Safe Harbor Forward-Looking Statements This presentation includes, and management's answers to questions during the conference
More informationFor personal use only
DateTix Group Ltd (ASX:DTX) 25 January 2017 DateTix Group revenue up 43% quarter-on-quarter Revenue of $484,000 for the quarter, +43% quarter-on-quarter growth o Revenue of $268,000 in Hong Kong, +115%
More informationMEDSERV PLC Interim Report CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS AND DIRECTORS REPORT
MEDSERV PLC Interim Report CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS AND DIRECTORS REPORT For the Period 1 January 2018 to 30 June 2018 This report is published in terms of Chapter 5 of the Listing
More informationH1FY19 Investor Presentation. Mark Coulter CEO Mark Tayler CFO
H1FY19 Investor Presentation Mark Coulter CEO Mark Tayler CFO Page 1 H1 Summary Pre Audit H1FY19 Revenue $49.3m 40% Growth YoY H1FY18 Revenue $35.2m Temple & Webster is the online market leader in furniture
More informationForward-Looking statement
Forward-Looking statement This presentation contains forward-looking statements. These statements have been made by the Directors in good faith based on the information available to them up to the time
More informationRecommended acquisition of The BSS Group plc. 5 July 2010
Recommended acquisition of The BSS Group plc 5 July 2010 Important information This document is being made available only to persons who fall within the exemptions contained in Article 19 and Article 49
More informationASX Spotlight Series May 2013
ASX Spotlight Series 14 16 May 2013 Company Overview Established in 1952 and listed on the ASX in 2005 Diversified business model Automotive and Logistics Largest Australasian automotive retailer by sales,
More informationEnergy Aerospace & Defense Industrial. First Quarter Investor Review
Energy Aerospace & Defense Industrial First Quarter 2018 Investor Review Presented May 2, 2018 1 Safe Harbor This presentation contains forward-looking statements within the meaning of Section 27 A of
More informationQuarterly Financial Report of Fresenius Group
Quarterly Financial Report of Fresenius Group applying International Financial Reporting Standards (IFRS) 1 st Quarter 2015 2 TABLE OF CONTENTS 3 Fresenius Group figures at a glance 5 Fresenius share 6
More informationFor personal use only
Pental Limited Annual General Meeting Thursday 17 November 2016 Royce Hotel 379 St Kilda Rd, Melbourne Ladies and gentleman, it gives me great pleasure to welcome you to the Pental Limited AGM. My name
More informationQ2 & H1 FY2014/15 Financial Results. Quarter July September 2014 Financial year ending 31 March November 2014
& FY2014/15 Financial Results Quarter July September 2014 Financial year ending 31 March 2015 6 November 2014 Agenda Executive Summary Group Financials ecommerce Business Momentum Building Our Capabilities
More informationOctober Morning Session
October 2017 Morning Session Disclaimer: Forward Looking Statements This presentation/announcement may contain forward looking statements with projections regarding, among other things, the Group s strategy,
More informationKri Kri S.A. Milk Industry April 2018
Kri Kri S.A. Milk Industry April 2018 Table of Contents 1 KRI KRI at a glance 2 Segments Strategic Choices 3 Facilities, CapEx, Location 4 Financials 5 Share Information 2 KRI KRI at a glance Basic Figures
More informationFULL YEAR RESULTS FY rd of August 2017
FULL YEAR RESULTS FY17 23 rd of August 2017 Agenda FY17 Overview Summary of Financials FY17 Financial Scorecard Gearing and Balance Sheet Customer focused strategy, driving all our activity TRS Merchandising
More informationTHE GLOBAL EXCHANGE FOR ADVERTISING
THE GLOBAL EXCHANGE FOR ADVERTISING JANUARY 2018 0 COPYRIGHT RUBICON PROJECT 2018 SAFE HARBOR Forward-Looking Statements This presentation may include, forward-looking statements, including statements
More informationQ4 PAT at Rs 377 crores, up 37% QoQ Annual revenue up 25% and PAT up 18%
Q4 PAT at Rs 377 crores, up 37% QoQ Annual revenue up 25% and PAT up 18% Press Release - Mumbai, India, May 21, 2013 Tech Mahindra, India s leading software exporter today announced audited consolidated
More informationmicrogen plc Audited Preliminary Results for the year ended 31 December 2015
microgen plc Audited Preliminary Results for the year ended 31 December 2015 To be read in conjunction with the audited preliminary results announcement released on 3 March 2016 1 Group Overview Across
More informationFor personal use only
Investor Presentation July 2015 experience is the difference Corporate Snapshot Capital Structure Share Price (20 July 2015) $1.91 Fully paid ordinary shares 133.1m Options 0.0m Market Capitalisation $254.2m
More informationA Leading Global Health Care Group
A Leading Global Health Care Group Roadshow Benelux June 29/30, 2015 For detailed financial information please see our annual/quarterly reports and/or conference call materials on www.fresenius.com/ir.
More informationGLOSSARY OF TERMS ENTREPRENEURSHIP AND BUSINESS INNOVATION
Accounts Payable - short term debts incurred as the result of day-to-day operations. Accounts Receivable - monies due to your enterprise as the result of day-to-day operations. Accrual Based Accounting
More informationFor personal use only. Company Update
Company Update May 2016 Company Highlights Vmoto is a global electric scooter manufacturer and distribution group Growing sales and underlying profits over FY2013 to FY2015 Wide China sales channels with
More informationInvestor Presentation Third Quarter 2016
Investor Presentation Third Quarter 2016 Safe Harbor Statement This release contains statements that are forward looking in nature and, accordingly, are subject to risks and uncertainties. These factors
More information