Slide 1: Q1 2018 Interim Management Statement
KERRY Leading to Better Q1 2018 Interim Management Statement May 2018 kerry group “com
Slide 2: Disclaimer: Forward Looking Statements
Disclaimer: Forward Looking Statements This presentation/announcement may contain forward looking statements with projections regarding, among other things, the Group’s strategy, revenues, earnings, trading profit, trading margin, finance costs, tax rate, capital expenditure, dividends, cash flow, n
Slide 3: Kerry – Leading to Better
KERRY Leading to Better
Slide 4: Q1 2018 Highlights – Healthy Start to Year
Q1 2018 Highlights – Healthy Start to Year • • Taste & Nutrition +4.3% • Consumer Foods +1.6% • Pricing +0.9% 4.3% 3.7% • • Underlying margin expansion offset by transaction currency 1.6% • Taste & Nutrition +20bps • Consumer Foods (60bps) • Net debt of €1.3bn T&N Foods Group • Earnings guidance for
Slide 5: Q1 2018 Business Overview
Q1 2018 Business Overview • Developed – evolving consumer preferences continuing to drive major churn • Developing – consumption robust with improving fundamentals • Volume growth – winning business model delivering across end use markets • Foodservice – good performance driven by menu extensions &
Slide 6: Revenue Growth Analysis
Revenue Growth Analysis Q1 2017 Q1 2018 0.1% Volume Volume 3.7% 3.6% Translation Transaction Acquisition/ Price currency currency disposal (8.4%) (0.1%) 0.9% 4.0% © Kerry 2018 | 6
Slide 7: Business Review – Taste & Nutrition
Business Review – Taste & Nutrition Revenue +4.3%* Trading margin +20bps • Continued volume growth YTD GROWTH BY REGION* – Meat, Beverage & Snacks End Use Markets performing well through innovative 9.7% taste & nutrition solutions, underpinned by our ‘from-food for-food’ heritage – Foodservice & c-s
Slide 8: Business Review – Consumer Foods
Business Review – Consumer Foods Revenue +1.6%* Trading margin (60bps) • Volume growth led by good performance in food to go solutions & snacking • Raw materials inflation eased - Pricing of +1.0% on average across the quarter • Underlying margin improvement more than offset by transaction currency
Slide 9: Outlook 2018
Outlook 2018 • Continued performance ahead of our markets – Taste & Nutrition: good growth prospects, in particular in developing markets, while bearing in mind strong Europe comparatives in 2017 – Consumer Foods: new strategies & structures to deliver growth against the backdrop of a cautious consu
Slide 10: Save the Date – Investor Day Singapore
KERRY Leading to Better Save the Date Investor Day Singapore 25 October 2018 kerry group “com
Slide 11: Appendix – Geographical Restructure
Appendix 1 – Geographical Restructure Americas EMEA APAC Americas Europe APMEA - Africa + Africa - Middle East + Middle East © Kerry 2018 | 11
Slide 12: Appendix – Restatement of Revenue Growth Components
Appendix 1 – Restatement of Revenue Growth Components T&N Europe 3.7% 3.8% (0.2%) (2.2%) 0.9% 6.0% T&N APMEA 10.8% 1.5% 0.0% (2.3%) 2.6% 12.6% T&N Europe 1.4% 2.2% 6.2% 5.0% T&N Europe 27% T&N APMEA 9.7% 10.0% 12.3% 11.4% T&N APMEA 20% Note: The above detail comprises third party revenue by location
Slide 13: Q1 2018 Interim Management Statement
KERRY Leading to Better Q1 2018 Interim Management Statement May 2018 kerry group “com