Business
Capital Markets Event
Capital Markets Event.
About this update from Tate & Lyle Plc
[{"type":"text","content":"\n \n \n \n 8 February 2023 - Tate & Lyle PLC\n \n \n \n \n \n \n \n \n \n Tate & Lyle Capital Markets Event\n \n \n \n \n \n \n Tate & Lyle PLC (Tate & Lyle) is today hosting a Capital Markets event for investors and analysts.\n \n \n \n \n \n The event will focus on the Group's strategy, business model, portfolio, markets, and science-led approach which puts it at the centre of the future of food. The event will be hosted by Nick Hampton, Chief Executive, Dawn Allen, Chief Financial Officer, alongside other members of the Tate & Lyle senior management team. \n \n \n \n \n \n \n Nick Hampton, Chief Executive said:\n \n \n \n \"Over the last five years, Tate & Lyle has been transformed into a growth-focused speciality food and beverage solutions business. A global leader in sweetening, mouthfeel and fortification, Tate & Lyle creates high-value speciality ingredients and solutions that meet growing global demand for healthier and tastier food and drink. \n \n \n \n \n \n At today's event we look forward to outlining the large and attractive markets we operate in, our portfolio of highly functional speciality ingredients that directly address growing consumer trends, our scientific and solutions capabilities, how we work with customers, and our purpose-driven approach fueling our new focus on 'Science, Solutions, Society'.\"\n \n \n \n \n \n \n Performance ambition for the five years ending 31 March 2028\n \n \n \n Today, Tate & Lyle is announcing an updated organic performance ambition for the five years ending 31 March 2028 to deliver:\n \n \n • Revenue growth of 4% to 6% per annum, underpinned by high single digit Food & Beverage Solutions growth per annum\n \n \n • EBITDA growth of 7% to 9% per annum\n \n \n • Return on capital employed improvement of up to 50 basis points per annum on average.\n \n \n • A new target to deliver US$100 million of cumulative productivity benefits\n \n \n \n \n \n \n Reporting changes\n \n \n \n Reflecting its new shape, the Group is adopting a simplified disclosure framework, moving to three segments - Food & Beverage Solutions, Sucralose and Primary Products Europe. As a result of this change, Central costs will no longer be reported separately.\n \n \n \n \n \n Foll...