Farm Pride Foods Limited · ASX:FRM
Farm Pride Foods — Shareholder Meeting (February 2017)
22 slides from Farm Pride Foods's shareholder meeting presentation, February 2017
Slide 1: Change starts from within
FARM PRIDE FOODS LIMITED Change starts from within
Slide 2: Financial Results FY15
Financial Results FY15 2
Slide 3: Farm Pride Strategy
Farm Pride Strategy Our focus is on a strategy to create long term benefit for all stakeholders Our absolute priority is our customer 3
Slide 4: Improved Performance
Improved Performance EBITDA Gross Revenue $120 $14 $12 $100 $10 $80 $ Million Millions $8 $60 $6 $4 $40 $2 $20 $ $0 2007 2008 2009 2010 2011 2012 2013 2014 2015 4
Slide 5: Improved Performance: Borrowings and Net Tangible Assets
Improved Performance Borrowings ‐ Bank + Lease Finance Net Tangible Assets Leases $25.0 $35.0 Bank + RPL $30.0 $20.0 $25.0 $4.4 $4.1 Million $ $15.0 $6.1 $20.0 Million $ $4.4 $15.0 $29.2 $10.0 $24.1 $20.9 $21.9 $14.9 $14.7 $10.0 $11.5 $5.0 $9.8 $2.6 $5.0 $3.0 $0.0 $0.0 5
Slide 6: Net Cash Flow from Operating Activities (Million $)
Net Cash Flow from Operating Activities (Million $) $9,233,000.0 $4.8 $2.9 $3.1 FY12 FY13 FY14 FY15 6
Slide 7: Retail egg volume sales by egg segment
Retail egg volume sales – grocery - by egg segment - 220 organic barn-laid free range cage 200 CAGR 180 Category +7% 160 Organic +<1% Barn‐Laid +13% 140 40% Free Range +17% 35% 37% 39% dozen (million) 30% Cage +4% 26% 120 25% 100 23% 80 12% 13% 16% 18% 20% 21% 10% 13% 60 67% 65% 61% 57% 52% 51% 54%
Slide 8: Source: Australian Egg Corporation
Source: Australian Egg Corporation
Slide 9: Two-thirds of GPs now believe egg intake has little effect on cholesterol
Two-thirds of GPs are now convinced that egg intake has little to no effect on serum cholesterol level % GPs who think egg intake has little to no effect on serum cholesterol level This is a big jump from the years 2009 to 2013 (only ~50%) 10 consumption and cardiac risk Anew study shows daily egg c
Slide 10: Egg consumption – annual
Egg consumption – annual - based on hatchings - 240 year ending December (MAT) as at December (spot) 228 230 220 222 no. of eggs per capita 210 +2.5% CAGR 200 190 +2.0% CAGR 180 170 160 150 Source: AECL
Slide 11: Population growth quote, Christopher Joye
“The question for canny investors is how to capitalise on what I expect to be a doubling in the number of residents from about 24 million today to close to 50 million within 40 years. And God help "small Australia" acolytes if there is a positive longevity shock, which is perhaps a 50:50 probability
Slide 12: Source Christopher Joye Australian Financial Review
Source Christopher Joye Australian Financial Review 12
Slide 13: The Pink McGrath packs given a new facelift
The “Pink” McGrath packs given a new facelift. Original Design New Design 13
Slide 14: On pack promo: The Hobbit – The Battle of Five Armies
On pack promo…. The Hobbit – The Battle of Five Armies 14
Slide 15: Social Media and other activities
Social Media and other activities • Our Facebook page receives a lot of enquiries about all of our products including retail egg whites. • This is great space for the close knit and socially active community to share tips and recipes. • New competition underway with Disney Pixar 15
Slide 16: Quality Assurance
Quality Assurance • Food safety • Key customers • Improved yield • Ongoing education • Egg quality • Further investment • External suppliers 16
Slide 17: WHS - safety first
WHS ‐ safety first • People across the business are better informed and more aware of the company’s safety standards and requirements. • Board of directors committed to employee safety. 17
Slide 18: Nothing to Hide
Nothing to Hide A responsible egg producer with a focus on hen welfare Zero tolerance for animal cruelty. Digital billboard with GPY&R and oOh Media, 48 hour recorded footage at Emporium Melbourne CBD. The campaign received a Silver award in Media & a Silver award in the Outdoor category at Spikes A
Slide 19: Outlook
Outlook • Egg supply • Current conditions • ACCC • Drought • Disease 19
Slide 20: Free Range Egg Claims
Free Range Egg Claims • Animal welfare • Consumers and producers • Consultation 20
Slide 21: Thank you
Questions ? Thank you 21
Slide 22: 22
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