Tasfoods Limited · ASX:TFL
Tasfoods — Shareholder Meeting (July 2020)
13 slides from Tasfoods's shareholder meeting presentation, Jul 23, 2020
Slide 1: AGM Presentation 23 July 2020
For personal use only AGM PRESENTATION 23 JULY 2020
Slide 2: About TasFoods
ABOUT TASFOODS For personal use only TasFoods is a diversified food business TasFoods has a strong and loyal customer leveraging the natural attributes of base in Tasmania and continues to focus Tasmania’s agricultural and food on its long-term vision to showcase the production environment to cr
Slide 3: The Tasmanian Advantage
THE TASMANIAN ADVANTAGE 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. WATER SECURITY BIOSECURITY BRAND RECOGNITION Although only 1% of Australia’s land mass, Tasmania’s isolated location o
Slide 4: 2019 Financial Results
2019 FINANCIAL RESULTS For personal use only A year of strong organic sales growth and a strategic acquisition FY2019 $’000 FY2018 $’000 FY Change $’000 FY Change % Sales Revenue 50,693 38,397 12,296 32% Gross Profit 12,827 10,798 2,029 19% Gross Profit Margin 25% 28% -3% EBITDA (1,155) (1,125) (30)
Slide 5: Betta Milk Acquisition
BETTA MILK ACQUISITION For personal use only The milk processing and distribution network assets of the Betta Milk Cooperative Society Pty Ltd were acquired on 31 July 2019 At the time of acquisition annualised sales were assessed at $16.7 million with a normalised EBITDA of $0.8 million A new
Slide 6: 2020 Outlook
2020 OUTLOOK For personal use only A year of uncertainty Business operations of TasFoods had a strong start to the year for the first quarter with all business segments reporting sales growth and a positive operational EBITDA. Economic and social changes stemming from COVID-19 began impacting th
Slide 7: 2020 Dairy
2020 DAIRY For personal use only Strengthening dairy to drive profitable growth In 2020 TasFoods has restructured the dairy segment into centres of excellence to drive production and distribution efficiencies: Production facilities have been streamlined into focus areas to deliver labour and packa
Slide 8: Dairy Division – sales momentum maintained
DAIRY DIVISION – sales momentum maintained For personal use only Overall dairy sales remain on budget. The flexibility of operations to react to changes in volume and product mix have been pivotal to management through this period of uncertainty Milk sales, representing 62% of dairy sales have rem
Slide 9: Poultry – COVID-19 influenced shift in poultry market
POULTRY – COVID-19 influenced shift in poultry market For personal use only Unprecedented shifts in poultry markets experienced since March have created significant uncertainty as the industry experienced rapid changes to demand mix and volume. Nichols Poultry sales revenue for the first half of
Slide 10: Poultry – responding to change
POULTRY – responding to change For personal use only The business responded quickly to demand changes by realigning chicken volumes in agricultural operations. Whilst this was enacted in April there is a 10 week lead time for changes to field inventory. Our processing operation implemented a ran
Slide 11: Shima Wasabi – Pivoting to service a changing market
SHIMA WASABI – Pivoting to service a changing market For personal use only Fresh wasabi products were historically sold across Australia, predominantly to high-end restaurants and food service catering for corporate events. These markets closed in March, at the start of the COVID-19 pandemic in Au
Slide 12: Long-Term Outlook
LONG-TERM OUTLOOK For personal use only The business is well positioned for long-term growth The diverse nature of the TasFoods customer base and product mix ensures the core business has a strong future despite the ongoing uncertainty in current markets Demand for chicken meat is forecast to gr
Slide 13: Disclaimer
DISCLAIMER For personal use only This presentation is provided by TasFoods Ltd ACN 084 800 902 (TasFoods) to provide summary information about TasFoods and its subsidiaries and their activities as at the date of this presentation. The information in this presentation is of a general nature and doe