Tasfoods Limited · ASX:TFL
Tasfoods — Shareholder Meeting (May 2018)
13 slides from Tasfoods's shareholder meeting presentation, May 21, 2018
Slide 1: AGM Presentation May 2018
For personal use only AGM PRESENTATION MAY 2018
Slide 2: Our Vision
Our Vision For personal use only TasFoods is the Tasmanian food specialist. We are the trusted source for premium Tasmanian products fit for the world stage. Our products are the essence of Tasmania.
Slide 3: The Tasmanian Advantage
The Tasmanian Advantage For personal use only Production Advantages How we leverage being Tasmanian • Tasmania has a cool climate and • We have strong defendable position for sales within Tasmania to a fertile soils capable of producing loyal local community and are able to introduce our brands to v
Slide 4: Business Streams and Brands
Business Streams and Brands For personal use only Protein Dairy Horticulture Nichols Poultry Meander Valley Dairy Shima Wasabi Nichols Ethical Free Range Chicken Pyengana Dairy Nichols Kitchen Robur Farm Dairy
Slide 5: Financial Results 2017
Financial Results 2017 • Strong revenue growth of 92% 2017 2016 For personal use only was achieved in 2017 but the ‘$000 ‘$000 business delivered a trading loss Sales Revenue 30,743 15,980 of ($4.71) million. Trading Net Loss (4,710) (2,982) • 2017 revenue growth reflects the Profit/(Loss) before in
Slide 6: Balance Sheet
Balance Sheet • Net assets declined during the 2017 $’000 2016 $’000 For personal use only year by $3.4 million, however Current Assets total assets grew by $1 million - Cash and cash equivalents 9,663 11,862 as a result of the acquisition - Receivables 2,799 2,222 of Pyengana Dairy and the - Biolog
Slide 7: 2017 Highlights
2017 Highlights • Rebranding of Nichols Poultry, For personal use only Meander Valley Dairy and Shima Wasabi under the unifying endorser brand The Tasmanian Food Co + launched Robur Farm Dairy goat brand • Integration of business operations into a common corporate structure with a comprehensive suit
Slide 8: 2017 Challenges
2017 Challenges Dairy For personal use only • Reduced gross margins resulting from a 43% increase in the purchase price of cream. In response cream products were reconfigured for retail markets and a private label contract was withdrawn from. Changes impacted revenue for several months mid year Chic
Slide 9: Focus areas for 2018
Focus areas for 2018 - 19 • Successful integration of Pyengana Dairy has enabled relocation of equipment between processing sites to For personal use only improve efficiency and plant utilisation. 5 new milk lines have been released in Q2 with distribution in Coles and Woolworths in Tasmania. • Esta
Slide 10: Q1 Financial Performance 2017 and 2018
Q1 Financial Performance 2017 and 2018 • Financial results for Q1 2018 2017 % Growth For personal use only 2018 have seen significant Revenue $9.287 $7.177 29% improvements in both revenue Gross Margin 27% 22% 5% and gross margin. EBITDA ($0.236) ($1.172) 80% EBIT ($0.496) ($1.350) 63% • Gross margi
Slide 11: Growth in Interstate Sales
Growth in Interstate Sales • 93% of all product sales revenue in For personal use only 2017 was generated in Tasmania. 7% 2017 % of Total Sales • Strategies to grow interstate sales have seen the percentage of interstate revenue grow overall 2017 Sales Tasmania % from 7% to 12% in Q1 2018 on the bac
Slide 12: Summary
Summary • 2017 delivered strong 92% year on year revenue For personal use only growth for TFL but a disappointing $4.7M trading loss • The corporate foundations for a diversified premium food business are in place but at the end of calendar 2017 with full year annualised revenue of circa $30M+ the b
Slide 13: Important Notice and Disclaimer
Important Notice and Disclaimer This presentation is provided by TasFoods Limited ACN statements contained within this presentation are For personal use only 084 800 902 (TasFoods) to provide summary information accurate, complete, reliable or adequate, or that they about TasFoods and its subsidiari