Pure Foods Tasmania Ltd. · ASX:PFT
Pure Foods Tasmania — Shareholder Meeting (November 2022)
27 slides from Pure Foods Tasmania's shareholder meeting presentation, Nov 25, 2022
Slide 1: Annual General Meeting – CEO Presentation (ASX Release)
Pure Foods Tasmania Ltd (ACN 100 -104 Mornington Rd Mornington TAS 7018 ASX: PFT +61 3 6231 4233 www.purefoodstas.com For personal use only ASX Release 25 November 2022 Annual General Meeting – CEO Presentation In accordance with Listing Rule 3.13.3, I attach the presentation to be given by the CEO
Slide 2: Pure Foods Tasmania AGM FY22
For personal use only Pure Foods Tasmania AGM FY 22 25th November 2022
Slide 3: Pure Foods Tasmania Overview
PURE FOODS TASMANIA OVERVIEW For personal use only P F T was formed in 2015 to acquire, grow and develop p r e m i u m food businesses in Tasmania with a highly experienced Board and management team. Since establishment, PFT has become a Tasmanian hub of premium foods. The company has developed a nu
Slide 4: Current Brand Portfolio
For personal use only CURRENT BRAND PORTFOLIO
Slide 5: PFT's Customer Base Continues to Grow Across All Channels
PFT'S CUSTOMER BASE CONTINUES TO For personal use only GROW ACROS S ALL CHANNELS
Slide 6: A strong year of growth
For personal use only A strong year of growth 5
Slide 7: Financial Highlights FY22
FINANCIAL HIGHLIGHTS FY22* For personal use only Pure Foods Tasmania’s FY22 revenue up 3 4 % from $7.7 million to $10.4 million. Tasmanian Pate increased sales to $4.1 million in FY22. New flavours of Homestead Pate were launched in FY22 including Chicken & Cheddar and Chicken & Chilli. Homestead co
Slide 8: Capital Raising Successfully Completed
CAPITAL RAISING SUCCESSFULLY For personal use only COMPLETED Items Details Placement Structure & Size PFT undertook an institutional/Sophisticated Investor placement and raised approximately $2.55 million (‘Placement’) Pricing The Placement was conducted at $0.165 per share (‘Offer Price’), represen
Slide 9: Sources & Use of Funds
SOURCES & USE OF FUNDS For personal use only Uses of Funds $M Growth Initiatives Accelerating Production $5.65 million Driving Production Efficiencies Product Expansion Opportunities Transaction Costs Lead Manager $0.30 million Legal Fees ASX Fees Automic Registry Fees TOTAL $5.95 million Sources of
Slide 10: Usage of Funds
USAGE OF FUNDS For personal use only 1. Accelerating Growth • Support the launch of Potato and Gravy (~$0.30m – FY23) • Marketing / branding (~$0.20m – FY23) • Working capital and new product development (~$0.80m – FY23/FY24) 2. Driving Production Efficiencies • Multivac – Tasmanian Pate – increase
Slide 11: Capital Structure Improved
For personal use only CAPITAL STRUCTURE IMPROVED On 31st October 2022 PFT announced the redemption of up to $3.50 million of Convertible Notes. This was successfully completed and announced to the market on 14th November. As at the 24th of November 2022 PFT had; 108,723,879 fully paid ordinary sha
Slide 12: Product Update
For personal use only PRODUCT UPDATE 11
Slide 13: Daly Potato Co. Update
DALY POTATO CO. UPDATE For personal use only NEW PREMIUM FROZEN DALY B A KES RANGE • Launched July 2022 • Premiumisation of frozen vegetable range – capturing a new market. Consumers are demanding convenience, but currently there is no offering for the top tier premium consumers. • Packaging in box
Slide 14: Daly Potato Co. Update Continued
For personal use only DALY POTATO CO. UPDATE CONTINUED POTATO & GRAVY M O V E S TO 100% RECYCLABLE PACKAGING. Available in independent stores since September 2022. The relaunch of Potato & Gravy with new 100% recyclable packaging sourced from sustainable paper will be available in both 2 5 0 g and 4
Slide 15: Lauds Plant-Based Foods Update
LAUDS PLANT-BASED FOODS UPDATE For personal use only Launch of premium plant-based cashew cream cheese range Launched into Independents in Tasmania, Victoria, New South Wales and Queensland. 4 premium flavour variants – extending the Lauds product range. 14
Slide 16: Product Spotlight: Lauds Plant-Based Foods Shredded Cheese
For personal use only Product Spotlight: Lauds Plant-Based Foods Shredded Cheese • Lauds Plant-Based Foods is continuing to expand into food service with 1kg vegan shredded cheese • This product is a great dairy alternative and is perfect for pizzas, nachos, toasties, anything! • Already seeing grea
Slide 17: PFT Brand Overview
For personal use only PFT BRAND OVERVIEW 16
Slide 18: Tasmanian Pate
For personal use only Tasmanian Pate • Tasmanian Pate produces a wide range of premium pates that have been enjoyed for over 25 years by Australians • Largest pate producer in Australia by volume • Nationwide distribution through Woolworths • Focused on multi-flavour packs, to provide variety and op
Slide 19: New Sealer for Tas Pate $1.2m Investment
New Sealer for Tas Pate $1.2m investment For personal use only New 100% recyclable trays Improve yields Improve quality Increase capacity 12 months in the waiting
Slide 20: Homestead by Tasmanian Pate Goes National with Coles
Homestead by Tasmanian Pate For personal use only Goes National with Coles • Homestead by Tasmanian Pate brings the beauty of Tasmania’s produce and meadows to you, to experience and enjoy with family and friends • A tier-up sub-brand of Tasmanian Pate, bringing a more premium and higher value produ
Slide 21: Daly Potato Co.
For personal use only Daly Potato Co. • Farm fresh convenience, using Tasmanian grown potatoes • A premium meal solution range for the modern consumer • Homestyle salads, and prepared vegetables • Ranged in major retail, and independents throughout Tasmania and nationally • Potato & Gravy NPD “take
Slide 22: The Cashew Creamery
For personal use only The Cashew Creamery • Premium plant-based frozen dessert range made from a cashew base • One of only a few cashew-based products on the market in Australia • The Cashew Creamery products are dairy free, gluten free and soy free • The product range includes chocolate dipped cash
Slide 23: The Cashew Creamery New Machinery
The Cashew Creamery New Machinery For personal use only 22
Slide 24: New Pastures Faba Bars FY24
New Pastures Faba Bars FY24 For personal use only • Plant-based foods aimed at flexitarian market in a mass consumer market – largest brand for organic growth • High convenience, low allergens, approachable/known flavour bases • Main plant-based brand for major retail • Launching into major retailer
Slide 25: Lauds Plant-Based Foods
For personal use only Lauds Plant-Based Foods • Lifestyle based plant-based foods, creating nutritious and flavour based dairy alternatives • Uses whole ingredients to retain nutritional value • Traditional cheese making processes to ferment and mature product – unique within the plant-based market
Slide 26: Woodbridge Smokehouse
For personal use only Woodbridge Smokehouse • Traditional hand smoked Tasmanian Atlantic Salmon and Ocean Trout • Available in a variety of sizes, in hot smoked (3 flavours) and cold smoked • The traditional method creates a delicate and tender artisan taste • Aimed at premium grocers and independen
Slide 27: YTD FY23
For personal use only YTD FY23 September month delivered a positive cashflow from operations. This comes one month ahead of budget and was a result of a range of cost and efficiency disciplines the Company put in place earlier this year. October produced a positive EBITDA which is a reflection on co
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