Greencore Group Plc · LSE:GNC

Greencore — Shareholder Meeting (January 2015)

11 slides from Greencore's shareholder meeting presentation, Jan 27, 2015

  1. Slide 1: Annual General Meeting

    Annual General Meeting 27 January 2015

  2. Slide 2: Agenda

    AGENDA 1 FY14 Financial Highlights 2 Strategic Delivery 3 Operating Review 4 Outlook 2

  3. Slide 3: Financial Highlights: FY14 Versus FY13

    1 FINANCIAL HIGHLIGHTS FY14 Versus FY13 Revenue £1,273.5m +6.4% Operating profit £82.9m +11.4% Adjusted earnings per share 15.9p +13.6% Dividend per share 5.45p +13.5% ROIC 13.7% +100bps 3

  4. Slide 4: Strategic delivery has created a focused, growing food to go leader

    STRATEGIC DELIVERY HAS CREATED A FOCUSED, 2 GROWING FOOD TO GO LEADER • FY14 Group revenue of £1.3bn • LFL Convenience Foods growth of 8.4% UK UK UK US Ingredients Prepared Food to Go Grocery Food to Go & Property c. % of Meals run rate 40% 20% 20% 15% 5% revenue Food to Go long term focus driven by

  5. Slide 5: Investments to deliver strategy and future performance

    INVESTMENTS TO DELIVER STRATEGY AND 2 FUTURE PERFORMANCE Large scale facility People and Process enhancement • Structures • Northampton • HR and talent • IT • Rhode Island • Culture & • Jacksonville communication • Lean Greencore • Seattle • Consumer & shopper insight 5

  6. Slide 6: UK Convenience Performance

    3 UK CONVENIENCE PERFORMANCE Growth rates 7.5% Performance driven by:  Strong market growth in food to go  Multiple new customer initiatives 2.1% delivering share growth in key 1.1% categories  Targeted improvements in lower UK food market (excl drinks)* UK chilled convenience food* Greencore FY1

  7. Slide 7: UK Convenience Performance: Divisional Highlights

    UK CONVENIENCE PERFORMANCE 3 DIVISIONAL HIGHLIGHTS 1 Food to Go Division  Strong revenue growth of 15.3% versus market growth of 9.5%: 44%  Expansion of Northampton food to go facility Market share sandwiches 2 Prepared Meals Division  Flat revenue (+0.2%) in FY14  Chilled ready meals outperform

  8. Slide 8: US Food to Go Performance

    3 US FOOD TO GO PERFORMANCE... FY14  Focused on food to go categories to small store performance customers  Revenue growth of 24.7% (LFL growth of 15.3%)  Rollout of major contract with key customer  Planned exit of non‐core product lines  Increased focus on hot eating offerings  Significant l

  9. Slide 9: Creating a wide food to go footprint with fresh & frozen capabilities

    ...CREATING A WIDE FOOD TO GO FOOTPRINT 3 WITH FRESH & FROZEN CAPABILITIES SEATTLE, WA Announced November 2014 MINNEAPOLIS, MN NEWBURYPORT, MA Capability: Fresh & NPD centre Acquired February 2014 Acquired April 2008 Employees: 190 BROCKTON, MA Closing in FY15 Capability: Frozen Acquired December 20

  10. Slide 10: Outlook

    4 OUTLOOK  The Group is well placed with strong market positions in growing product categories  Notwithstanding the challenging UK grocery retail market, a good start to the year with encouraging growth against a strong comparator period  Integration of new business in Jacksonville and first expa

  11. Slide 11: Greencore

    greencore bringing convenience to good food

Greencore Group — Shareholder Meeting (January 2015) on 6ix