Slide 1: Q1 2017 Interim Management Statement
Q1 2017 Interim Management Statement May 2017
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: Performance Overview
Performance Overview Brian Mehigan, CFO 3
Slide 4: Strong Underlying Performance
Q1 2017 HIGHLIGHTS Strong Underlying Performance • Volume growth +3.8% • Taste & Nutrition +4.1% VOLUME GROWTH • Consumer Foods +2.3% • Pricing +1.3% 4.1% 3.8% • Group trading margin maintained • Underlying margin expansion offset by transaction currency / Kerryconnect investment 2.3% • Taste & Nutr
Slide 5: Q1 2017 Business Overview
REVIEW OF BUSINESS Q1 2017 Business Overview • Developed – overall stable with increased fragmentation MARKETS • Developing – economic & geopolitical volatility affecting growth • Good start to 2017 – continued volume growth ahead of our markets HIGHLIGHTS • Inflationary input costs – managing via p
Slide 6: Q1 Revenue Growth Analysis
REVIEW OF BUSINESS Q1 Revenue Growth Analysis Q1 2016 Q1 2017 4.5% Volume Volume 3.8% 3.6% Translation Transaction Acquisition/ Price currency currency disposal (0.6%) (0.4%) 1.3% 0.4% 6
Slide 7: Taste & Nutrition
REVIEW OF BUSINESS Taste & Nutrition YTD GROWTH Revenue +4.1%* Trading margin +20bps • Volume growth REVENUE GROWTH BY REGION* - Good growth across all customers segments 10.4% - Strong growth in clean label, active nutrition & protein technologies • Foodservice & c-store channels – strong performan
Slide 8: Consumer Foods
REVIEW OF BUSINESS Consumer Foods YTD GROWTH Revenue +2.3%* Trading margin (70bps) • Volume growth led by our expanding snacking range • Inflationary environment with 1% average pricing across the quarter • Recent innovations performing well – e.g. Scoffies snack packs, Fire & Smoke meat snacking &
Slide 9: Future Prospects
OUTLOOK AND FUTURE PROSPECTS Future Prospects • Continued growth ahead of our markets • Technology leadership for global, regional and local customers • Innovation & agility the key drivers of growth • Continued investment in science & footprint • Continued enhancement in breadth and depth of techno
Slide 10: Q1 2017 Interim Management Statement
Q1 2017 Interim Management Statement May 2017