Aryzta Ag · SIX:ARYN
Aryzta — Non-Deal Roadshow (September 2018)
21 slides from Aryzta's roadshow presentation, September 2018
Slide 1: ARYZTA – Passion for good food, September 2018
ARY*ZTA Passion for good food September 2018
Slide 2: Today's presenters
Today's presenters Kevin Toland Frederic Pflanz CEO CFO Joined ARYZTA as CEO in September 2017 Joined ARYZTA as CFO in January 2018 Previous positions Previous positions 2013-2017: CEO of Daa plc (operator of Dublin and Cork 2015-2017: Board Member Maxingvest & Supervisory airports), ARI
Slide 3: Why we are here today
Why we are here today 1 Clear turnaround strategy focused on Increase volumes and prices Update on Return to a customer centric, innovative B2B frozen bakery business strategy Execute Project Renew Disposal of non-core businesses Planned capital increase 2 Comprehensive set of initiati
Slide 4: Agenda
Agenda 1 ARYZTA at a glance 2 Corporate strategy 4
Slide 5: ARYZTA at a glance
ARYZTA AT A GLANCE 5
Slide 6: Fundamental business strengths
Fundamental business strengths Core Strengths Strategy focused on B2B customers and great customer service Well-invested bakeries and asset base Global footprint and leader in the global frozen B2B bakery sector, with global platform as core supplier and driver of innovation International le
Slide 7: Strategy implementation and next steps
Strategy implementation and next steps Drive Profitable Stabilize the Business Improve Performance Growth 1 1 1 Develop turnaround culture; Build new management team, Winning team to lead growth Focus on operational excellence focus on operational efficiencies strategy and improvement and global c
Slide 8: ARYZTA overview
ARYZTA overview Company overview Historic Revenue and EBITDA split by geography A global leader in frozen B2B bakery and supplier RoW to the food service, retail and QSR sectors 7% Depth of product offering across many categories, including: Breads, Cookies, Donuts, Cakes, 2017 Europe Revenue 46
Slide 9: Market fundamentals are strong
Market fundamentals are strong Large and growing frozen bakery market underpinned by specific growth themes… Cost savings Improving quality Emerging markets Favourable food trends Allows retailers and Enables the delivery of Development of emerging On the go snacking foodservice operators to
Slide 10: ARYZTA – Who we are
ARYZTA – Who we are 1 Largest global footprint in Frozen B2B bakery 6 2 A trusted partner of the Revamped management world's QSR, restaurant, team with clear focus retail and foodservice customers 5 Uniting a strong and 3 committed workforce around a common Customer and consumer purpose and a sense
Slide 11: Largest global footprint in frozen B2B bakery
Largest global footprint in frozen B2B bakery • 50+ bakeries situated in 20 countries over 4 continents • Market leader in global B2B frozen bakery1 • Global platform with comprehensive product offering for customers as a one-stop-shop option for customer's bakery requirements Key advantages of our
Slide 12: A trusted partner for the QSR, retail and foodservice customers
A trusted partner for the QSR, retail and foodservice customers Committed and capable to Track record for on time in full deliveries invest in targeted, and able to find solutions for our customers' Reliable food quality customer driven needs in any geography investments Channel National Independent
Slide 13: Customer and consumer insight driven innovation
Customer and consumer insight driven innovation Products launched by Baking & Snacking Major identified consumer trends ARYZTA insights and expertise 1 On the go foods & snacking (e.g., North America, Western Europe) Cruffin 2 Fresh foods & store perimeter Leading innovation efforts through deep c
Slide 14: New, experienced management team
New, experienced management team Relevant expertise and experience from blue-chip international companies Comprehensive analysis of the business with clear controls in place Well defined and focused strategy for success Kevin Toland (Sep 17) Frederic Pflanz (Jan 18) Dave Johnson (Jan 18) CEO C
Slide 15: Corporate strategy
CORPORATE STRATEGY 15
Slide 16: New clear turnaround and cash flow, profit growth strategy
New clear turnaround and cash flow, profit growth strategy 1 Delivery of Improved EBITDA Margin growth driven by increased volumes and price increases Innovation strategy centred on Core Categories where ARYZTA is positioned to win Relentless focus on customer relationships and customer-led in
Slide 17: How we will grow with our customers
Delivery Dispose of Non- Project Renew of Growth core Businesses How we will grow with our customers 1 Leveraging our global scale to deliver value for customers 2 Responsiveness and consistency of delivery to build trust 3 Customer focused innovation to drive growth 4 Top to top, multi-functional r
Slide 18: Project Renew
Delivery Dispose of Non- Project Renew of Growth core Businesses Project Renew Identified Initiatives Key Objectives Targeted Annual Savings (€m), run-rate Improve performance by creating a more streamlined and fit for purpose commercial organization Key Initiatives Costs: Project Renew implemen
Slide 19: Ongoing disposals of non-core / off-strategy businesses
Delivery Dispose of Non- Project Renew of Growth core Businesses Ongoing disposals of non-core / off-strategy businesses Targeted disposal proceeds of at least €450m of which c.€140m have been realized already Disposed Dec-17 Disposed Mar-18 Non-core business post Non-core business in the
Slide 20: Conclusion
Conclusion 1 ARYZTA is a global leader in frozen B2B bakery 2 Attractive market opportunity in a growing market 3 Clear turnaround strategy and plans in place to deliver stability, performance and growth Clear strategic priorities Strong management team Focus on operational improvement
Slide 21: Disclaimer
Disclaimer These materials may not be published, distributed or transmitted, directly or indirectly, in or into the United States, Canada, Australia or Japan. These materials are not an offer of securities of ARYZTA AG (the “Company”), are for background purposes only and do not purport to be full o