Glanbia PLC · EURONEXT:GL9
Glanbia — H1 2007 Earnings Presentation
13 slides from Glanbia's earnings presentation, 2007
Slide 1: Interim Results 2007
Interim Results 2007 Interim results a world of dairy foods and nutritional ingredients a world of dairy foods and nutritional ingredients Page 0
Slide 2: 2007 H1 performance overview
Interim Results 2007 2007 H1 performance overview ● Excellent first half, with strong growth achieved ● Revenue up 13% and operating profit up 33% ● Operating margin up 80 bps to 4.7% ● Earnings per share up 26% ● Key performance drivers were USA Food Ingredients and Global Nutritionals ● Buoyant wo
Slide 3: 2007 H1 results summary
Interim Results 2007 2007 H1 results summary € H107 H106 Change Revenue 1,040.3m 922.8m Up 13% Operating profit 48.5m 36.4m Up 33% Operating margin 4.7% 3.9% Up 80 bps Net financing costs (8.6m) (6.5m) Up 32% Share of joint ventures and associates (1.3m) 0.3m Down €1.6m Profit before tax 38.6m 30.2m
Slide 4: Consumer Foods
Interim Results 2007 Consumer Foods Description €’000 H107 H106 Change Revenue 249,042 252,282 Down 1.3% This division includes: Consumer Foods incorporating nutritional beverages, fresh dairy Operating profit 8,335 8,470 Down 1.6% products; and Pigmeat, which produces a range of pork and bacon prod
Slide 5: Agribusiness & Property
Interim Results 2007 Agribusiness & Property Description €’000 H107 H106 Change This division includes: Agribusiness, which is Revenue 170,011 165,615 Up 2.7% the key linkage with the Group’s Irish farmer supply base. The Property business unit has Operating profit 11,811 15,857 Down 26% responsibil
Slide 6: Food Ingredients & Nutritionals
Interim Results 2007 Food Ingredients & Nutritionals Description €’000 H107 H106 Change This division has Food Ingredients operations Revenue 621,284 504,896 Up 23% in Ireland and the USA that produce cheese, butter, casein and protein ingredients. It also Operating profit 28,398 12,079 Up 135% inco
Slide 7: International Joint Ventures
Interim Results 2007 International Joint Ventures Description €’000 H107 H106 Change Revenue (1) 176,130 96,306 Up 83% Glanbia has three principle international joint Operating profit (2) (1,310) 283 Down €1.6 m ventures based in the UK, USA and Nigeria. (1) Not included in Group Revenue (2) Include
Slide 8: 2007 Full year outlook
Interim Results 2007 2007 Full year outlook ● US Food Ingredients and Global Nutritionals particularly strong ● Other businesses performing broadly in line with expectations ● Short term timing issues to overcome in International Joint Ventures ● Sustained positive trends in world dairy markets ● Go
Slide 9: Strategy update
Interim Results 2007 Strategy update » Strategic imperatives » Key initiatives » Progress Consumer Foods: expand beverages, food service and convenience offerings 9 • Deliver growth and Pigmeat: maintain stable performance Æ performance in the period 2007 to 2009 Agribusiness: continue to reshape th
Slide 10: Supplementary Information
Interim Results 2007 Supplementary Information a world of dairy foods and nutritional ingredients a world of dairy foods and nutritional ingredients Page 9
Slide 11: Group Balance Sheet
Interim Results 2007 Group Balance Sheet € million H107 H106 Change Property, plant and equipment 331.1 337.6 (6.5) Investments 82.1 98.6 (16.5) Intangible assets 135.3 58.3 77.0 Non-current receivables 12.2 58.2 (46.0) Working capital 90.6 95.6 (5.0) Non-current liabilities (55.3) (55.1) (0.2) Reti
Slide 12: Group cash flow
Interim Results 2007 Group cash flow € million H107 H106 Operating profit 48.5 36.4 Depreciation and amortisation 16.9 14.4 Gain on disposal of assets and investments (4.1) (7.1) Interest and taxation (8.8) (8.1) Other 0.2 (1.4) Cash from operations pre movements in working capital 52.7 34.2 Changes
Slide 13: Interim Results 2007
Interim Results 2007 Glanbia plc, Glanbia House, Kilkenny, Ireland. Tel. +353 56 777 2200 Fax. +353 56 777 2222 a world of dairy foods and nutritional ingredients Page 12