Noumi Limited · ASX:NOU
Noumi — Shareholder Meeting (November 2023)
30 slides from Noumi's shareholder meeting presentation, Nov 30, 2023
Slide 1: 2023 Annual General Meeting Presentation and Addresses
Noumi Limited 8a Williamson Road Ingleburn NSW 2565 Australia ABN 41 002 814 235 30 November 2023 ASX Market Announcements ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000 For personal use only 2023 Annual General Meeting Presentation and Addresses Noumi Limited (ASX: NOU) provides the f
Slide 2: Noumi Limited 2023 Annual General Meeting
For personal use only Noumi Limited 2023 Annual General Meeting 30 November 2023
Slide 3: Important notice and disclaimer
Important notice and disclaimer For personal use only Summary Information Only This presentation criteria contains general information about Noumi Limited and its consolidated entities (“Noumi Limited”) and its activities current as at the date of this presentation. It is provided in summary and doe
Slide 4: Noumi – Key manufacturing sites
Noumi – Key manufacturing sites For personal use only Dairy & Nutritionals Plant-based Milks Shepparton, VIC Ingleburn, NSW • Noumi Nutritionals is a leading Australian • Our state-of-the-art facility in Ingleburn, manufacturer of quality long life dairy New South Wales specialises in the products a
Slide 5: Noumi Brands
For personal use only Noumi Brands
Slide 6: Introduction
For personal use only Introduction Chair: Genevieve Gregor Noumi Limited | 2023 Annual General Meeting
Slide 7: Agenda
Agenda For personal use only INTRODUCTION 01 CHAIR’S ADDRESS 02 CEO’S ADDRESS 03 FORMAL BUSINESS 04 CLOSING REMARKS 05 Noumi Limited | 2023 Annual General Meeting
Slide 8: Chair's Address
For personal use only Chair’s Address Genevieve Gregor Noumi Limited | 2023 Annual General Meeting
Slide 9: 2023 puts Noumi firmly in the Transform phase
2023 puts Noumi firmly in the Transform phase For personal use only HY22 HY22-23 FY23-25 RESET TRANSFORM GROW The financial, structural, operational Actions to Transform the Company Those improvements provide the and cultural Reset of the Company continue, with operational improvements springboard t
Slide 10: The Healthier Tomorrow Plan
The Healthier Tomorrow Plan For personal use only We aim to continuously improve our environmental footprint for future generations. Focus areas We aim to create Waste and Packaging products to improve • We are minimising the waste we consumers’ and communities’ generate, maximising recyclable nutri
Slide 11: CEO's Address
For personal use only CEO’s Address Michael Perich Noumi Limited | 2023 Annual General Meeting
Slide 12: Strong FY23 revenue and earnings growth
Strong FY23 revenue and earnings growth For personal use only Reset, Transform, Grow strategy delivers across the board performance improvements. Adjusted operating EBITDA of $30.4m up 315% on FY22 Plant-based Milks delivers record adjusted operating EBITDA of $37.4m up 12.0% Market leading Milklab
Slide 13: FY23 Highlights
FY23 Highlights For personal use only $29m 41.1ML $23.1m $552m 90 ML $30.4m 1 Net Revenue Total export sales Adj Op EBITDA $2m 2.1ML $4m $162m 39.6ML $37.4m 1 Plant Milk Revenue Plant Op EBITDA Milklab Plant sales $31m 3.9T $20.2m $389m 25.2T $-0.5m Dairy & Nutritionals Dairy Reven
Slide 14: Strategy
For personal use only Strategy Noumi Limited | 2023 Annual General Meeting
Slide 15: 2023 Executing against the strategy
2023 Executing against the strategy For personal use only Reset Achievements – completion of sale of non-core shareholding in AFMH and other corporate legacy issues progressing in line with usual timetable Transformation progress – Dairy and Nutritionals turnaround to $3.8m of adjusted operating EBI
Slide 16: Our Growth Strategy
Our Growth Strategy Develop high quality and innovative dairy and plant products to meet the different nutrition and taste needs of customers and consumers across life stages For personal use only Complete the Accelerate Deliver Embed Strategic Future Growth Pillars Dairy & Nutritionals Plant–based
Slide 17: Strategy | Plant-based Milks
Strategy | Plant-based Milks For personal use only Focus Areas Drive Milklab Oat in out-of-home market to partner with Milklab Almond Leveraging investment in Australian out-of-home direct field sales force to increase distribution and market presence Continue to refine and innovate product performa
Slide 18: Strategy | Dairy and Nutritionals
Strategy | Dairy and Nutritionals For personal use only Focus Areas Continued focus on margin growth through waste reduction and other operational efficiencies New product development, delivering benefits to consumers through product innovation Leverage health benefits of PUREnFERRIN® through resear
Slide 19: Our People
Our People For personal use only Focus Areas Embedded our core values across the business Investment in training and development with our team to continue to foster career development Our voice surveys to continue to increase our engagement within our team by 4% or more on a yearly basis Focus on sa
Slide 20: Trading Outlook
Trading Outlook For personal use only The Plant-based Milks In Dairy and Nutritionals, the The Company is positive business is now firmly Company is closely about its progress. However, established in the growth monitoring developments in macro-economic conditions phase of the strategy. global dairy
Slide 21: Formal Business
For personal use only Formal Business Noumi Limited | 2023 Annual General Meeting
Slide 22: noumi. Imagining a healthier tomorrow
noumi. Imagining a healthier tomorrow
Slide 23: Chair's Address (transcript): Introduction
Noumi Ltd 2023 Annual General Meeting Chair and CEO Addresses Chair’s Address Introduction Ladies and Gentlemen, good morning. It is now 11:00am and I have been informed by the Company Secretary that a quorum is present and so I declare the 2023 Annual General Meeting of shareholders of Noumi Limite
Slide 24: For personal use only
The first resolution, which is non-binding, relates to the adoption of the Remuneration Report. As a Board, we align our remuneration to attract and retain the very best talent to serve all stakeholders, including, importantly, you, our shareholders. As you know, the Board was substantially refreshe
Slide 25: 2023 puts Noumi firmly in the transform phase
2023 puts Noumi firmly in the transform phase The past year has seen significant progress in Noumi’s transformation. Two years ago, we laid out our three-phase Reset, Transform and Grow strategy to rebuild the Company and set it back on the path to long-term profitable and sustainable growth. While
Slide 26: The Healthier Tomorrow Plan
The Healthier Tomorrow Plan The past year saw us further embedding our Healthier Tomorrow Plan across the business. The Plan, which is our strategic Environmental, Social and Governance framework for the business to 2025 and beyond, encompasses three pillars: a Healthier Planet, a Healthier Workplac
Slide 27: CEO's Address
As we look ahead to 2024, our objective is to complete our transformation program but with an increasing focus on accelerating the growth of key brands in Australia and overseas as we build a leading Australian FMCG company that delivers long-term sustainable returns for all stakeholders. I’ll now h
Slide 28: For personal use only
same period last year. Both Plant-based Milks and Dairy and Nutritionals delivered comparable growth. Strategy Turning now to our progress and priorities under the Reset Transform Grow strategy. 2023 Executing against the Strategy While much of the business is now in the Grow phase, the final elemen
Slide 29: Strategy | Dairy and Nutritionals
Strategy | Dairy and Nutritionals As Gen mentioned, it’s a different story in Dairy and Nutritionals, although we are seeing consistent improvements in key aspects of this business. The improvement in Dairy and Nutritionals has been driven by a relentless focus on revenue management by exiting low-m
Slide 30: For personal use only
I am proud of the team that I have around me to drive the changes we require, with our core values and the Healthier Workplace commitments guiding the actions we need to take together to be successful. We are embedding the core values of the business within our team, with a 4 percentage point increa