Tasfoods Limited · ASX:TFL
Tasfoods — H1 2020 Earnings Presentation
11 slides from Tasfoods's earnings presentation, Aug 31, 2020
Slide 1: Half Year 2020 Financial Report Investor Presentation
For personal use only HALF YEAR 2020 FINANCIAL REPORT INVESTOR PRESENTATION August 2020
Slide 2: About TasFoods
ABOUT TASFOODS For personal use only A remote island located in the southern ocean, Tasmania is ideally positioned to support the creation of premium branded food products. We believe that great food comes from great places. With its clean air, abundant rain, rich soil and temperate climate, Tasmani
Slide 3: Half 1 2020 Financial Results
HALF 1 2020 FINANCIAL RESULTS For personal use only Sales momentum maintained in a challenging market H1 FY2020 $’000 H1 FY2019 $’000 H1 Change $ H1 Change % Sales Revenue 32,459 20,831 11,628 56% Gross Profit 7,597 5,181 2,416 47% Gross Profit Margin 23% 25% (2)% EBITDA (5,998) (1,032) (4,966) (481
Slide 4: Operational Division Performance
HALF 1 2020 FINANCIAL RESULTS For personal use only Operational Division Performance H1 2020 H1 2019 Dairy Poultry Corporate & Other Total Dairy Poultry Corporate & Other Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 Revenue 14,079 18,439 224 32,742 3,620 17,174 294 21,087 EBITDA (810) (1,71
Slide 5: COVID-19 Management Practices
COVID-19 MANAGEMENT PRACTICES For personal use only The welfare and safety of our employees and contractors has been a key priority throughout the COVID period. COVID management plans were implemented across the business in March that remain in place and are improved as new information emerges.
Slide 6: Betta Milk Achieves Acquisition Objectives
BETTA MILK ACHIEVES ACQUISITION OBJECTIVES For personal use only The successful integration of Betta Milk confirms the potential to leverage this acquisition as a platform for substantial revenue and profit growth. Annualised sales growth for the Betta Milk operation to June 2020 is 20%, achieve
Slide 7: COVID-19 Impact on Dairy Division
COVID-19 IMPACT ON DAIRY DIVISION For personal use only Despite early market volatility the dairy division has performed well during H1 2020. Milk sales, representing 72% of dairy sales have remained strong achieving growth of 20% across all milk brands for H1 FY2020 over H1 FY2019 which is expe
Slide 8: Dairy Division Strategic Direction
DAIRY DIVISION STRATEGIC DIRECTION For personal use only Dairy continues to achieve growth through expanded distribution and improved product offerings. Emerging consumer trends that we have begun to leverage include: Growing support for trusted local brands through the H2 2020 launch of a reformu
Slide 9: COVID-19 Impact on Poultry Division
COVID-19 IMPACT ON POULTRY DIVISION For personal use only Revenue and gross margin in the poultry division were both impacted by a national oversupply of fresh chicken stemming from Government restrictions brought in during March that limited the operations of quick service restaurants and closed
Slide 10: Poultry Division Strategic Direction
POULTRY DIVISION STRATEGIC DIRECTION For personal use only Poultry continues to show resilience as a preferred protein with attractive pricing. Emerging consumer trends that we have begun to leverage include: Growing support for trusted local brands through expanded product offering and retail mar
Slide 11: Equity Raising
Equity Raising For personal use only Equity to support investment in strategic growth On 24 August 2020, TasFoods announced an equity raising to raise up to $4 M supported by two of our largest shareholders, Jan Cameron (and associated entities) and CVC Limited. Funds raised under the rights issue w