Slide 1: Q1 2016 Interim Management Statement
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 Company’s strategy, revenues, earnings, trading profit, trading margin, finance costs, tax rate, capital expenditure, dividends, cash flow,
Slide 3: Q1 2016 Interim Management Statement
Q1 2016 Interim Management Statement Brian Mehigan CFO Kerry Group
Slide 4: Q1 2016 Highlights
Q1 2016 Highlights • Volume growth +2.9% Volume Growth • Taste & Nutrition +3.1% • Consumer Foods +2.1% 3.1% 2.9% 2.1% • Pricing (1.5%) • Group trading margin up 50bps • Taste & Nutrition +40bps T&N Foods Group • Consumer Foods +20bps Margin Expansion • Kerryconnect cost reduction • Net Debt of €1.6
Slide 5: Q1 2016 Overview
Q1 2016 Overview Markets • Developed - broadly stabilised with the ‘connected consumer’ driving innovation • Developing - economic, geopolitical & currency volatility affecting growth Highlights • Good start to 2016 in a volatile & challenging marketplace • Deflationary input cost environment contin
Slide 6: Revenue Growth Analysis
Revenue Growth Analysis Q1 2015 Q1 2016 0.9% Volume 2.9% Translation Transaction Acquisition/ Currency Price Disposal Currency (2.3%) (0.1%) (1.5%) 1.9% 6
Slide 7: Business Review – Taste & Nutrition
Business Review – Taste & Nutrition GROWTH Revenue* +3.1% Volume Growth by Region Trading margin +40bps • Volume growth – strong outperformance vs markets 8.7% • Foodservice & c-store – contributing to strong growth globally • Price deflation of 1.5% reflecting customer partnership agreements • Marg
Slide 8: Business Review – Consumer Foods
Business Review – Consumer Foods GROWTH Revenue* +2.1% Trading margin +20bps • Consumer confidence in UK & Ireland remained positive • Snacking - Good growth across the complete range • Deflationary environment continued • Margin improvement driven by ongoing efficiency programmes and repositioned p
Slide 9: Other Matters
Other Matters Acquisition • Businesses delivering; investments being made to globalise newly acquired technologies Integration • Integration programme progressing Kerryconnect EMEA and Asia-Pacific well progressed, assessing plan for Americas Currency Increase in expected full year headwind 9
Slide 10: Future Prospects
Future Prospects • Continued growth ahead of our markets • Good innovation pipeline • Deeper customer partnerships via our holistic business model • Further investment in our science & technology for tomorrow’s consumer • Delivering innovation for growth markets – nutrition, general wellness, bevera
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