Sunopta — Q4 2016 Earnings Presentation
16 slides from Sunopta's earnings presentation, Mar 1, 2017
Slide 1: Q4 2016 Update
Q4 2016 March 1, 2017 Update
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation may include forward-looking statements and therefore is subject to important risks and uncertainties. Actual results could differ materially from the conclusions, forecasts and projections as certain material factors and assumptions were applied in drawin
Slide 3: Q4 2016 Revenue Recap
Q4 2016 Revenue Recap • Total Revenue $297.5 million (down 0.9% versus PY) • Consumer Products (down 2.2% versus PY) o Healthy Fruit (down 8% versus PY) - Higher on-shelf prices reflecting high input costs o Healthy Beverage (essentially flat versus PY) - Premium juice growth was offset by lower ase
Slide 4: SunOpta Purpose and Three Key Strategies
SunOpta Purpose and Three Key Strategies Our Responsibly bring Healthy Food from the Field to the Table Purpose 1. Responsible • Deliver products consistently and reliably to customers • Focus on doing what is right for the consumer Our 2. Healthy Strategy • Focus on pipeline of innovation deliverin
Slide 5: Four Pillars to the Value Creation Plan
Four Pillars to the Value Creation Plan Portfolio Operational Go-to-Market Process Optimization Excellence Effectiveness Sustainability • Invest in the • Ensure food quality • Optimize the • Streamline and business where and worker safety customer and strengthen the structural while enhancing produc
Slide 6: Three Phases of Turnaround
Three Phases of Turnaround Phase Continuous Improvement & P&L Three Benefits “Turn it up” Phase Two Realize Structural Benefits & “Tune it up” Accelerate Sales Initiatives Phase One Build the Foundation “Clean it up” 6
Slide 7: Key Financial Statistics
Key Financial Statistics Q4 Q4 FY FY ($ millions, except % and per share amounts) 2016(1) 2015(1) 2016(1) 2015(1) Revenues $297.5 $316.4 $1,346.7 $1,145.1 17.0 25.2 126.0 110.4 Gross Margin (2) 5.7% 8.0% 9.4% 9.6% (10.0) (1.7) 14.7 21.3 Operating Income (Loss) (2) -3.3% -0.6% 1.1% 1.9% Earnings (Los
Slide 8: Cash Flow
Cash Flow Cash Provided by (used in) Q4 Q4 FY FY 2016 2015 2016 2015 ($ millions) Cash Flows from Operations (1) $36.0 $26.1 $0.7 $26.4 Cash Flows from Investing Activities (1) (7.5) (480.5) (21.6) (521.6) Cash Flows from Financing Activities (1) (28.6) 359.4 16.8 490.0 (1) Reflects cash flows from
Slide 9: Key Balance Sheet Metrics
Key Balance Sheet Metrics Balance Sheet December 31, 2016 January 2, 2016 ($ millions, except ratio and per share amounts) Working Capital (1) $360.0 $364.8 Total Assets (2) $1,129.6 $1,154.9 Total Debt $432.6 $482.8 Ratio of Total Debt to Equity 1.18 to 1.00 1.15 to 1.00 (1) Working capital is defi
Slide 10: In Closing
In Closing • We will focus on food safety, quality and execution. • We will be focused and decisive as we execute our strategic plan. • We will focus on long-term value creation. • We will make decisions with a long-term focus, even if those decisions do not maximize near- term earnings. 10
Slide 11: SunOpta - Bringing well-being to life
SunCpta Bringing well-being to life
Slide 12: Appendix: Reconciliation of Non-GAAP Measures
Appendix Reconciliation of Non-GAAP Measures This presentation includes certain measures not derived in accordance with generally accepted accounting principles (“GAAP”). Such measures should not be considered substitutes for any measures derived in accordance with GAAP and may also be inconsistent
Slide 13: Reconciliation of GAAP Results to Adjusted Earnings and Adjusted EPS
Reconciliation of GAAP Results to Adjusted Earnings and Adjusted EPS ($ millions, except per share amounts; totals may not sum due to rounding) Q4 2016 Q4 2015 FY 2016 FY 2015 Loss from continuing operations $ (33.4) $ (13.8) $ (50.6) $ (3.1) Less: earnings (loss) attributable to non-controlling int
Slide 14: Reconciliation of GAAP Results to Adjusted Earnings and Adjusted EPS (cont'd)
Reconciliation of GAAP Results to Adjusted Earnings and Adjusted EPS (cont’d) (a) For fiscal 2016, reflects costs related to business combinations, including an acquisition accounting adjustment related to Sunrise’s inventory sold during the year of $15.0 million (2015: $4.0 million), which is recor
Slide 15: Reconciliation of GAAP Results to Operating Income, EBITDA and Adjusted EBITDA
Reconciliation of GAAP Results to Operating Income, EBITDA and Adjusted EBITDA ($ millions, totals may not sum due to rounding) Q4 2016 Q4 2015 FY 2016 FY 2015 Earnings (loss) from continuing operations $ (33.4) $ (13.8) $ (50.6) $ (3.1) Provision for income taxes (8.2) (8.2) (23.8) (3.4) Interest e
Slide 16: SunOpta Contact Details
2233 Argentia Road, Suite 401 Mississauga, Ontario L5N 2X7 www.sunopta.com