Nwf Group Plc · LSE:NWF
Nwf — H1 2016 Earnings Presentation
14 slides from Nwf's earnings presentation, February 2016
Slide 1: The Feed, Food and Fuel Group – Half Year Results
THE FEED, FOOD AND FUEL GROUP HALF YEAR RESULTS FOR THE PERIOD ENDED 30 NOVEMBER 2015 GROUP OVERVIEW NWF GROUP plc HALF YEAR RESULTS TO 30 NOVEMBER 2015 1 KEY HIGHLIGHTS » Solid start to the year delivering on stated strategic initiatives » Difficult market conditions » Low milk price and falling co
Slide 2: Results Summary and Feeds Operational Highlights
GROUP OVERVIEW NWF GROUP plc HALF YEAR RESULTS TO 30 NOVEMBER 2015 2 RESULTS SUMMARY Revenue Headline operating profit* Headline profit before tax* £224.6m (9.1%) £2.8m £2.6m + 4.0% Headline earnings per share* Net debt Dividend per share 4.3p + 7.5% £10.4m (16.1%) 1.0p * Stated before exceptional i
Slide 3: Food and Fuels Operational Highlights
OPERATIONAL HIGHLIGHTS NWF GROUP plc HALF YEAR RESULTS TO 30 NOVEMBER 2015 4 FOOD DELIVERING OPERATING EFFICIENCY » Customer demand ahead of capacity over the summer » Utilised external storage facilities in the North West » Service levels maintained at 99.7% » Focus on managing load preparation to
Slide 4: Financial Review – Income Statement Summary
FINANCIAL REVIEW NWF GROUP plc HALF YEAR RESULTS TO 30 NOVEMBER 2015 6 INCOME STATEMENT SUMMARY Nov 2015 Nov 2014 May 2015 £m £m £m » Revenue decreased by 9.1% reflecting lower Revenue oil prices in Fuels and lower commodity Food 19.3 18.8 37.2 prices in Feeds Feeds 62.1 68.0 144.9 Fuels 143.2 160.3
Slide 5: Financial Review – Cash Flow Summary
FINANCIAL REVIEW NWF GROUP plc HALF YEAR RESULTS TO 30 NOVEMBER 2015 8 CASH FLOW SUMMARY Nov 2015 Nov 2014 May 2015 £m £m £m » Headline EBITDA* £4.8 million (H1 2014: Cash flows from operating activities £4.8 million) Operating profit 2.4 2.8 9.1 Depreciation and amortisation 2.0 2.0 4.0 Working cap
Slide 6: Development Strategy – Group and Feeds Acquisition Opportunities
DEVELOPMENT STRATEGY NWF GROUP plc HALF YEAR RESULTS TO 30 NOVEMBER 2015 10 GROUP SOLID PLATFORM FOR GROWTH » Diversified source of earnings » Solid cash generative business in large stable markets » Development focus on agriculture » Targeting consolidation opportunities in the UK » Targeting innov
Slide 7: Development Strategy – Food and Fuels
DEVELOPMENT STRATEGY NWF GROUP plc HALF YEAR RESULTS TO 30 NOVEMBER 2015 12 FOOD DELIVERING SERVICE & EFFICIENCY » Market for ambient groceries challenging but stable » Working under contracts with blue chip brands and retailers » Clear customer proposition » High service levels » Low cost and effic
Slide 8: NWF Investment Summary and Summary & Outlook
GROUP OVERVIEW NWF GROUP plc HALF YEAR RESULTS TO 30 NOVEMBER 2015 14 NWF INVESTMENT SUMMARY Strong management team Growth opportuniQes Asset backing Focus on returns Good cash generaQon Growing dividend GROUP OVERVIEW NWF GROUP plc HALF YEAR RESULTS TO 30 NOVEMBER 2015 15 SUMMARY & OUTLOOK » Solid
Slide 9: Additional Information and Feeds Business Overview
GROUP OVERVIEW NWF GROUP plc HALF YEAR RESULTS TO 30 NOVEMBER 2015 16 ADDITIONAL INFORMATION » Business overview » Locations » Organisation » Main site photo » Five year financial performance » Ten year divisional track record » Additional market data BUSINESS OVERVIEW NWF GROUP plc HALF YEAR RESULT
Slide 10: Business Overview – Food and Fuels
BUSINESS OVERVIEW NWF GROUP plc HALF YEAR RESULTS TO 30 NOVEMBER 2015 18 FOOD Consolidation of ambient grocery products to UK supermarkets » 100,000 pallet spaces » 800,000ft2 of warehousing in Wardle » Market leader in the North West » 462 people » 100 trucks, 231 trailers » 99.7% service level » 2
Slide 11: Locations
GROUP OVERVIEW NWF GROUP plc HALF YEAR RESULTS TO 30 NOVEMBER 2015 20 LOCATIONS Feeds Dumfries Wardle* Stone Wixland Food Wardle* Fuels Ammanford Babbinswood Bangor Boston Burnley Burwell Staffordshire Fuels Droitwich Dyserth Great Yarmouth Kenilworth Kingsbury Long Marston Mansfield NoZngham Southamp
Slide 12: Five Year Track Record and Divisional Track Records
GROUP OVERVIEW NWF GROUP plc HALF YEAR RESULTS TO 30 NOVEMBER 2015 22 FIVE YEAR TRACK RECORD Revenue Headline PBT Headline EPS Dividend GROUP OVERVIEW NWF GROUP plc HALF YEAR RESULTS TO 30 NOVEMBER 2015 23 DIVISIONAL TRACK RECORDS Feeds Food 180 50 3.5 4.0 160 45 3.0 3.5 40 140 3.0 35 2.5 120 Operat
Slide 13: Organisation and Fuels Additional Market Data
GROUP OVERVIEW NWF GROUP plc HALF YEAR RESULTS TO 30 NOVEMBER 2015 24 ORGANISATION Chief Execu=ve Non Execu=ves Richard WhiQng Chairman: Mark Hudson Yvonne Monaghan Philip Acton Finance Director Company Secretary Brendon Banner Rob Andrew Feeds Food Fuels Andrew Downie Keith Forster Kevin Kennerley
Slide 14: Feeds Additional Market Info
GROUP OVERVIEW NWF GROUP plc HALF YEAR RESULTS TO 30 NOVEMBER 2015 26 FEEDS ADDITIONAL MARKET INFO