Camellia Plc · LSE:CAM
Camellia — Investor Presentation (May 2025)
23 slides from Camellia's investor presentation, May 19, 2025
Slide 1: Camellia Plc Value Enhancement Plan
Camellia Plc Value Enhancement Plan 19 May 2025 1
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Camellia plc (the "Company") solely for the purpose of providing background information on the Company, its business and the industry in which it operates. By reviewing this presentation, you agree to be bound by the following conditions. This presen
Slide 3: Disclaimer (continued)
Disclaimer (continued) This presentation has not been approved by an authorised person in accordance with section 21 of the Financial Services and Markets Act 2000. As such, this document is being made available to and is directed only at: (a) persons outside the United Kingdom; (b) persons who have
Slide 4: About Camellia
About Camellia
Slide 5: Who we are
Who we are Farm 50,000 hectares 'Profit and Purpose in International group of mature land across harmony’ of companies 3 continents headquartered in A business with a strong the UK Focus on tea, social commitment avocado, macadamia and arable crops V A L U E E N H A N C E M E N T P L A N 5
Slide 6: Camellia's history
Camellia’s history Business mergers creating a 'conglomerate': Complete the Logistics; financial Simplification of transition to Founded as a tea services; engineering; the Group through international business in India fisheries; disposals diversified and exposure to agricultural agriculture in Afri
Slide 7: Agriculture activities
Agriculture activities Goodricke Group, Tea - 34,857 Ha India – 16.6k Ha Avocado - 934 Ha 28 tea estates Branded tea Duncan Brothers Macadamia - 3,533 Ha Bangladesh – 8.9k Ha Eastern Produce Kenya – 4.0k Ha Arable - 3,953 Ha Kakuzi, Kenya – 3.9k Ha 16 tea estates 3,296 Ha 1,302 Ha 1,719 Ha Branded t
Slide 8: Market conditions & backdrop
Market conditions & backdrop • Particularly challenging market and trading conditions • Improving market conditions in 2024 leading to higher 2021-2023 prices in some crops. Cost increases contained • Global production of tea ahead of consumption; China • Previous years' investments beginning to del
Slide 9: 2024 Performance
2024 Performance
Slide 10: 2024 Financial highlights
2024 Financial highlights Revenue1 Trading loss Net cash2 Final dividend3 £262.2 million £5.5 million £124.7 million 260p (2023: £254.2 million) (2023: loss £10.3 million) (2023: £32.5 million) (2023: Nil) 1. From continuing operations 2. Net cash, treasury deposits and money market instruments tota
Slide 11: 2024 Operational highlights
2024 Operational highlights Comprehensive Group simplified Bardsley closure Investment across the review of the Group through non-core process completed core operating and Board disposals companies strengthened V A L U E E N H A N C E M E N T P L A N 11
Slide 12: Value Enhancement Plan
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Slide 13: Summary of the Value Enhancement Plan (VEP)
Summary of the Value Enhancement Plan (VEP) Designed to generate value and sustainable profitability for the benefit of shareholders and all stakeholders 1. 2. 3. Improve Reduce Invest in operating results overall risk growth V A L U E E N H A N C E M E N T P L A N 13
Slide 14: 1. Improve operating results
1. Improve operating results Improve performance from the core operating companies, with a focus on profit and cashflow Focussing on: Investment in: water resilience; farm technology; factory 1. Better land and factory utilisation efficiency; power supply resilience; farm mechanisation; crop diversi
Slide 15: 2. Reduce overall risk
2. Reduce overall risk Focus on mitigating inherent risks, and reducing earnings volatility • Mitigate inherent risks such as crop concentration, • Disposals likely - at Operating Company level and within weather, and work force trends Operating Companies • Delivered through diversification of reven
Slide 16: 3. Invest in growth
3. Invest in growth Commitment to business growth and value creation • Organic investment focussed on: • Inorganic growth focussed on: o Bringing more land into production o Low-risk diversification into familiar crops or geographies, or into downstream activities related o Efficiency; solar, farm m
Slide 17: Examples of recent investments to improve performance
Examples of recent investments to improve performance Efficiency & sustainability Diversification Inorganic Growth Solar panels on tea estates Blueberry planting in Kakuzi Tanzania avocado development 4 year payback 10 Ha trial 450 Ha out of 650 Ha planted with Reduces reliance on grid supply Divers
Slide 18: Capital Allocation
Capital Allocation
Slide 19: Capital Allocation Priorities
Capital Allocation Priorities Ensuring the long-term sustainability of the Group for the benefit of all stakeholders. Maintenance of Payment of Investment strong balance ordinary in the sheet dividends business V A L U E E N H A N C E M E N T P L A N 19
Slide 20: One-off Tender Offer
One-off Tender Offer Tender Offer of up to 350,000 shares at £54.00 per share, totalling £18.9 million • Proposed tender offer price represents: • Offer provides liquidity for those wanting to exit at a • A 17% premium over the 3-month volume weighted premium to market average price • No further ten
Slide 21: Investment Case
Investment Case
Slide 22: Investment Case
Investment Case Value Robust platform Well-established Enhancement Sustainable High quality, and strong portfolio of Plan to generate dividend with inflation linked balance sheet in businesses offering value and >5% the prospect for assets place following significant potential return on capital grow
Slide 23: Thank You
Thank You