Premier Foods plc · LSE:PFD
Premier Foods — Peel Hunt ESG Strategy Conference 2022
20 slides from Premier Foods's conference presentation, Jan 25, 2022
Slide 1: Peel Hunt ESG Strategy Conference
PEEL HUNT ESG STRATEGY CONFERENCE 25 JANUARY 2022
Slide 2: Alex Whitehouse, CEO
ALEX WHITEHOUSE CEO
Slide 3: We are one of the UK's leading ambient grocery suppliers
We are one of the UK’s leading ambient grocery suppliers 5.6 5.4 4.4 % Share 3.3 3.2 3.1 3.0 2.8 2.5 2.3 2.0 1.8 1.4 Mondelez Nestle Coca-Cola PepsiCo Mars Premier Britvic Heinz Pladis (UB) Kellogg's Unilever ABF Douwe Foods Egberts Source: Kantar Worldpanel, 52 weeks ending 13 June 2021, excludes F
Slide 4: UK Grocery market overview
UK Grocery market overview We are most prominent in the ambient grocery sector 18% 34% Chilled Frozen 46% Ambient & Fresh 54% 66% 82% Branded Non-branded Branded Non-branded Branded Non-branded Market size £36bn £51bn £7bn
Slide 5: Category leaders with major brands
Category leaders with major brands Category Brands Products Position Share Penetration Flavourings & Seasonings 1 44% 71% Quick Meals, Snacks & Soups 1 33% 47% Cooking Sauces & Accompaniments 1 15% 53% Ambient Desserts 1 36% 56% Ambient Cakes 1 24% 65% Sources: Category position & market share: IRI
Slide 6: Our strategy and purpose
Our strategy and purpose 1 2 3 4 5 Continue Supply chain Expand UK into Build International Inorganic to grow the UK core investment new categories businesses with opportunities critical mass A solid and growing UK Invest in operational Build sustainable Utilise brand building Leverage proven busine
Slide 7: A demonstrable track record over the last four years
A demonstrable track record over the last four years Sales (£m)1 Trading profit (£m)1 934 148 847 133 819 824 129 123 790 117 FY16/17 FY17/18 FY18/19 FY19/20 FY20/21 FY16/17 FY17/18 FY18/19 FY19/20 FY20/21 Adjusted PBT (£m)1 Net debt/EBITDA2 115 3.93 3.56 93 3.23 88 79 2.72 74 1.90 FY16/17 FY17/18 F
Slide 8: Our new ESG strategy 'The Enriching Life Plan'
Our new ESG strategy ‘The Enriching Life Plan’ Pillar PRODUCT PLANET PEOPLE GREAT TASTING NUTRITIOUS AND CONTRIBUTE TO A HEALTHIER NOURISHING THE LIVES OF OUR SUSTAINABLE FOOD PLANET COLLEAGUES AND COMMUNITIES Our Healthier Nutrition Taking action on climate change A diverse, healthy and inclusive c
Slide 9: Nick Brown, Director of ESG
Shar voods STIR FRY SAUCE J Sharwoods
Slide 10: Our Product Pillar targets
Our Product Pillar targets GREAT TASTING NUTRITIOUS & SUSTAINABLE FOOD Our ambitions HEALTHIER NUTRITION PLANT-BASED EATING SUSTAINABLE PACKAGING More than 50% of More than Reduce carbon our products (by 100% of packaging to double sales Each core range has a impact of our Our SKUs) £250m sales in p
Slide 11: Delivering healthier products is a key part of our innovation strategy
Delivering healthier products is a key part of our innovation strategy 84% of our ranges have a better for you option Our strategy is two fold: Lower salt ranges Lower sugar ranges 1. One approach we use is to steadily remove salt/sugar/fat from our products without compromising on the taste and qua
Slide 12: 94% of our packaging is recyclable
94% of our packaging is recyclable Packaging by weight Recyclable content by material Key ESG Target: • For all packaging to recyclable, reusable or compostable by 2025 12% Progress: 100% 100% 92% • 70% of our plastics is recyclable up from 63% in 2020 and 48% in 2019 10% • All corrugated paper is m
Slide 13: Our Planet Pillar targets
Our Planet Pillar targets CONTRIBUTING TO A HEALTHIER PLANET Our ambitions REDUCING WASTE ACROSS OUR VALUE TAKING ACTION ON CLIMATE CHANGE PROTECTING OUR NATURAL RESOURCES CHAIN Develop Reduce scope Reduce Champion Halve our Make better Use the strength validated 1 and 2 Zero Scope 3 use of any food
Slide 14: We're committed to help look after the planet
We’re committed to help look after the planet Climate action and water stress Food waste Last year Since 2008 Carbon emissions progress 5.8% ↓ 42.7%↓ • We are an active member of Waste and Resources Action Programme (WRAP) • We are setting and adopting Science Based targets, aligned to the • Deliver
Slide 15: We source responsibly
We source responsibly Sustainable Palm Oil Animal welfare Supply chain compliance • Animal based ingredients used • Committed to sourcing only across a range of our products • 88% of all direct suppliers sustainable Roundtable on • 100% of our dairy products are registered with ethical Sustainable P
Slide 16: Our People Pillar targets
Our People Pillar targets NOURISHING THE LIVES OF OUR COLLEAGUES AND COMMUNITIES Our ambitions A DIVERSE, HEALTHY AND INCLUSIVE A LEADING DEVELOPER OF PEOPLE A CARING COMMUNITY PARTNER CULTURE Support Provide skills employees to 80% All sites Be more of a force programmes and work develop key collea
Slide 17: Caring for our colleagues and an inclusive & diverse culture
Caring for our colleagues and an inclusive & diverse culture Caring for our people Inclusion & Diversity 0.52 0.22 0.02 • 750 leaders and managers completed I&D training programme • A programme dedicated to Premier Foods UK manufacturing UK food manufacturing • Achieve gender parity across the encou
Slide 18: Realising people's potential and supporting our communities
Realising people’s potential and supporting our communities Talent development Supporting our communities 1. A ‘Top 100’ apprenticeship employer for 4th consecutive 1. 550,000 meals1 donated to those in need via Fareshare during Covid year pandemic 2. Our colleagues have watched 42,000 hours of trai
Slide 19: Benchmarking and ratings agencies
Benchmarking and ratings agencies 1. Engaging with a range of key stakeholders 2. Committed to working towards incorporating recommendations laid out by Task Force for Climate-Related Financial Disclosures 3. Advantage Group provides feedback and analysis from major customers
Slide 20: Angel Slices
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