Glanbia PLC · EURONEXT:GL9
Glanbia — Investor Day (November 2022)
26 slides from Glanbia's investor day presentation, Nov 8, 2022
Slide 1: Glanbia Nutritionals
Glanbia Nutritionals Brian Phelan CEO
Slide 2: Scale position & Global reach
Glanbia Nutritionals Scale position & Global reach 20 Production locations (NA, EMEA, ASPAC) 2021 Revenue / EBITA GN: $3.4bn / $149m NS: $1bn / $120m 14 Innovation & US Cheese: $2.4bn / $29m Collaboration Centers #1 #2 #1 (NA, EMEA, ASPAC) Global supplier Producer of Global premix of whey protein Am
Slide 3: Our business structure
Our business structure Nutritional Solutions Cheese Revenue: $1.04bn Revenue: $2.38bn EBITA: $120m EBITA: $29m EBITA margins: 11.5% EBITA margins: 1.2% - Track record of organic & - Stable earnings & cash flow / - Operationally integrated with - In growth categories acquisition growth / strong stron
Slide 4: Nutritional Solutions
Nutritional Solutions Our key platforms Custom Premix Solutions Functional & Nutritional Complementary Proteins Capabilities Connected through Innovation & Insights Performance Energy & Healthy Specialised Nutrition Supplements Lifestyle Nutrition GLANBIA CAPITAL MARKETS DAY 2022 3
Slide 5: Nutritional Solutions: Total revenue growth
Nutritional Solutions: Total revenue growth 2021: $1bn revenue 2021 15% 3-year CAGR growth NS revenue: $1.04bn 2018 Premix $505m NS revenue: $682m Custom Premix Solutions 3 year CAGR: 20% Premix $295m Protein Solutions Proteins $457m 3 year CAGR: 12% Proteins $326m Complementary 3 year CAGR: 7% Comp
Slide 6: Nutritional Solutions - Building a scaled, $1bn business
Nutritional Solutions - Building a scaled, $1bn business $1bn Nutritional Solutions revenue achieved in 2021 Significant growth (2018 –2021) Nutritional Solutions average organic volume growth 7.9% Good earnings progression Continued investment Global innovation expertise and capability investment S
Slide 7: Adding to our core through key acquisitions
Adding to our core through key acquisitions $300m Strengthen Dairy Bioactives portfolio deployed on acquisitions since 2019 Healthy snacking CORE CAPABILITY Premix scale and technology platform technology Scale flavours GLANBIA CAPITAL MARKETS DAY 2022 6
Slide 8: Our 'Go-to Market' strategy
Our ‘Go-to Market’ strategy An integrated vision, culture strategy One face to Fuelled by the customer top talent Insights & innovation Scalable led Efficient, Centres of agile excellence GLANBIA CAPITAL MARKETS DAY 2022 7
Slide 9: Our competitive edge
Our competitive edge Unique access Customer at the Strength of to ingredients core of everything supply chain Deep innovation Breadth of capability customer offerings Collaboration Truly global partnership & organisation accelerated & reach development GLANBIA CAPITAL MARKETS DAY 2022 8
Slide 10: Video - Customer Testimonial
Video- Customer Testimonial 9
Slide 11: Culture of Innovation
( @Glanbia. Nutritionals «Culture of Innovation
Slide 12: Our global innovation footprint connecting us to our customers
Our global innovation footprint connecting us to our customers GLANBIA CAPITAL MARKETS DAY 2022 11
Slide 13: Our global innovation footprint connecting us to our customers
Our global innovation footprint connecting us to our customers Cheese Innovation & Collaboration Center – Twin Falls, Idaho Innovation & Collaboration Center Orsingen, Germany Innovation & Collaboration Center Corona, California Innovation & Collaboration Center Innovation & Collaboration Center Suz
Slide 14: Our global innovation footprint connecting us to our customers
Foodarom Flavor Innovation Foodarom Flavor Innovation Our global innovation & Collaboration Center Salt Lake City, Utah & Collaboration Center Montreal, Canada footprint connecting us to our customers Cheese Innovation & Innovation & Collaboration Center – Foodarom Flavor Innovation Collaboration Ce
Slide 15: Driving growth through innovative technologies
Driving growth through innovative technologies Custom Premix Solutions Functional & Nutritional Proteins ̶ High protein technology for yogurts, sauces, dips and beverages (Patent ̶ Stability ̶ Peptide Carrier pending) ̶ Taste/odour masking Technology (Patented) ̶ Delayed release Crunchie™ Milk ̶ Imp
Slide 16: Video - Built Around You
© Glanbia. Nutritionals Video — @Built Around You 13
Slide 17: NS Key Platforms: Custom Premix Solutions
NS Key Platforms Custom Premix Solutions 14
Slide 18: Custom Premix Solutions journey
Custom Premix Solutions journey Ideation Kortus Food Ingredient Seltzer Inc Acquisition, Watson Inc Acquisition, Acquisition, Expansion Westhaven, CT Orsingen (€14.5m) Carlsbad, CA Orsingen ($89m) ($105m) 2021 Technologies Revenue Applications expertise >$500m 3 Year CAGR 20% 2004 2006 2007 2009 201
Slide 19: Custom Premix Solutions #2 global player
Custom Premix Solutions #2 global player Growth ambition built around: Categories in growth Strong global & regional customer relationships Leverage global scale Leverage technology / innovation capability in NS Further M&A to accelerate growth (LATAM / SEA) GLANBIA CAPITAL MARKETS DAY 2022 18
Slide 20: NS Key Platforms: Functional & Nutritional Proteins
NS Key Platforms Functional & Nutritional Proteins 19
Slide 21: Functional & Nutritional Protein journey
Functional & Nutritional Protein journey Building scale, innovation capabilities and adjacencies Add supporting technologies Ideation Invest in deep research in through acquisition protein chemistry and Build scale in high dairy applications protein manufacturing Rev 2021 2021 Technologies Partnersh
Slide 22: Functional & Nutritional Proteins #1 in Whey Protein Isolate
Functional & Nutritional Proteins #1 in Whey Protein Isolate Growth ambition built around: Categories in growth Strong customer relationships – innovation partner to support customer brand ambition. Protein Powerhouse. Leveraging technology to bring protein to the world in a range of convenient form
Slide 23: NS Key Platforms: Complementary Capabilities
NS Key Platforms Complementary Capabilities 20
Slide 24: Complementary capabilities
Complementary capabilities Scale current capabilities & footprint in flavours Unlocking Nutritional Solutions customers Continued innovation Further M&A GLANBIA CAPITAL MARKETS DAY 2022 23
Slide 25: Our growth ambition
Our growth ambition Scaling complementary technologies & further M&A Scale extensive protein capability & deep expertise Nutritional Solutions Volume Growth 3% - 5% Build on core strength in custom premix solutions EBITA Margins 12%+ Talent & capability Sustainable operations Growing end markets Inn
Slide 26: Global scale & reach across our platforms
Global scale & reach across our platforms Ambition to grow this Nutritional Deep innovation business further Solutions capabilities Track record of organic & acquisition driven growth GLANBIA CAPITAL MARKETS DAY 2022 25