Tasfoods Limited · ASX:TFL
Tasfoods — Investor Presentation (February 2024)
20 slides from Tasfoods's investor presentation, Feb 29, 2024
Slide 1: FY 2023 Results
Contact Scott Hadley | CEO E: scott.hadley@tasfoods.com.au FY 2023 Results Scott Hadley – Chief Executive Officer Josh Fletcher– Chief Financial Officer FY 2023 Results Presentation | February 2024
Slide 2: A New TasFoods
A New TasFoods • The first stage of the Company’s transformation has been completed with the most extensive corporate restructure programme implemented since inception to reposition the business. • In March 2022 TasFoods announced its new Strategic Focus as the foundation to continuously assess the
Slide 3: Financial Information
Financial Information
Slide 4: Year of extensive restructure
Year of extensive restructure FY22 Profit or Loss ($000’s) FY23 FY22 FY23 FY22 FY23 FY22 Total Consolidated Continued Operations Discontinued Operations • Due to the extensive corporate restructuring Income activity in 2023, TasFoods profit/loss statement has Revenue from operations 74,052 70,587 47
Slide 5: Improved financial performance driven by strong revenue
Improved financial performance driven by strong revenue • Operating EBITDA performance for Continued operations Discontinued operations Consolidated continued operations is significantly 2023 2023 2023 improved from pcp with the loss reducing Dairy Poultry Shared Total Dairy Horticulture Shared Tota
Slide 6: Balance sheet
Balance sheet $000's Dec 23 Dec 22 Current Assets • The Group is supported by a balance sheet with a net asset Cash & Cash Equivalents 3,432 351 position of $17.6m (noting property, plant and equipment Trade & Other Receivables Biological Assets 3,209 3,487 4,734 2,557 balances of $17.3m post the di
Slide 7: Cash flow
Cash flow $000's FY23 FY22 • Cash flow statement reflects full year activities of continued Cash flows from operating activities and discontinued operations and represent the part year Receipts from customers 76,311 71,722 ownership of divested business units. Payments to suppliers and employees (80
Slide 8: TasFoods Ltd A New Future
Contact Scott Hadley | CEO E: scott.hadley@tasfoods.com.au TasFoods Ltd A New Future
Slide 9: New TasFoods Focus
New TasFoods Focus • The sale of Shima Wasabi, Betta Milk and Meander Valley Dairy continued the strategic repositioning of the Company to ensure TasFoods is a leaner, focussed and profitable operation. • Following the corporate activity in 2023, we estimate Pro Forma Net Revenue of ~$49m from our P
Slide 10: Poultry– the Opportunity
Poultry– the Opportunity
Slide 11: Australian Poultry Industry – The Competitive Landscape
Australian Poultry Industry – The Competitive Landscape • Australia’s chicken market is largely controlled by two large vertically integrated producers, Inghams Enterprises High and Baiada Poultry (Steggles & Lilydale), estimated to 100% supply approximately 70% of Australia’s chicken meat. • The cu
Slide 12: Nichols Poultry & Nichols Hatchery (Redbank) – Strengthened Supply Chain
Nichols Poultry & Nichols Hatchery (Redbank) – Strengthened Supply Chain • Nichols Poultry is now profitable following the implementation of significant structural change, with Board and Management seeing profitable expansion through four avenues: Chicks bred at Redbank 8x Current Redbank per year o
Slide 13: Pet Food & Treats Opportunity
Pet Food & Treats Opportunity
Slide 14: Our Entry Product Range
• The Pet Food market in Australia is estimated to be worth over $3bn with the treats segment accounting for ~10% of the total market demand. 69% • It is estimated that Pet & Pet Supplies retailers generated $3.9bn in revenue for 2022 in Of Australian households are estimated to own a pet, Australia
Slide 15: Pyengana Dairy Update
40° s TASFOODS 50° iry Update
Slide 16: Opportunities for growth with channel expansion and export accreditation
Opportunities for growth with channel expansion and export accreditation Channel Expansion Varietal Expansion Export Accreditation • Currently only stocked with • Currently focus on cheddar aged • The current production site at independent and specialty retail. varietals and Blue. Pyengana is not ac
Slide 17: Summary
40° s TASFOODS 50°
Slide 18: Transformation phase 2 now underway with focus on operational improvements
Transformation phase 2 now underway with focus on operational improvements • The recent transactions will result in fundamental changes to our business foundations and we will continue to challenge all aspects of the business to improve our performance trajectory towards delivering a positive financ
Slide 19: Disclaimer
Disclaimer 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 does not purport to be comp
Slide 20: Contact
Contact Scott Hadley | CEO E: scott.hadley@tasfoods.com.au