Greencore Group Plc · LSE:GNC
Greencore — Shareholder Meeting (January 2023)
11 slides from Greencore's shareholder meeting presentation, Jan 26, 2023
Slide 1: Annual General Meeting
ANNUAL GENERAL MEETING 26 January 2023
Slide 2: Initial Perspectives
INITIAL PERSPECTIVES Dalton Philips, CEO
Slide 3: First impressions
First impressions 1 Excited to be here 2 Undertook detailed induction 3 We have a resilient business 4 We have lots of opportunities to chase GREENCORE GROUP PLC | ANNUAL GENERAL MEETING 2023
Slide 4: FY22 highlights
FY22 highlights • Strong improvement vs FY'21 • Solid recovery on input costs • High service levels • Strategic capital investment programme completed • Better Greencore change programme launched GREENCORE GROUP PLC | ANNUAL GENERAL MEETING 2023
Slide 5: FY22 key financial metrics
FY22 key financial metrics Group Revenue Pro Forma Revenue Growth Adjusted Operating Profit £1,739.6 +29.4% £72.2m +£33.2m Adjusted EBITDA Adjusted EPS Basic EPS £126.9 9.2p 6.2p +37.5% +5.5p +1.2p GREENCORE GROUP PLC | ANNUAL GENERAL MEETING 2023
Slide 6: Our size and scale enables us to play a unique role in feeding the UK
Our size and scale enables us to play a unique role in feeding the UK We play an active part in We are an essential We support the Irish & British feeding the UK partner to our customers economy and food industry 1.2 billion items Nationwide availability >£575m Irish & UK spend Across 15 product are
Slide 7: Five key areas to further build profitability and drive shareholder returns (1/2)
Five key areas to further build profitability and drive shareholder returns (1/2) Operational Build on Greencore Manufacturing Excellence 1 excellence programme to deploy a truly world-class & efficiency operational model Customer & Identify opportunities to improve customer 2 portfolio portfolio pr
Slide 8: Five key areas to further build profitability and drive shareholder returns (2/2)
Five key areas to further build profitability and drive shareholder returns (2/2) Technology Ensure technology supports our future value 4 investment creation ambitions People 5 Drive employee engagement across all levels engagement GREENCORE GROUP PLC | ANNUAL GENERAL MEETING 2023
Slide 9: Outlook
Outlook • Caution around impact of recessionary environment, cost-of-living factors and UK industrial action • Expect FY23 outturn at lower end of current expectations • Strong focus on inflation recovery plans and accelerating ‘Better Greencore’ cost and efficiency programme • A great business - we
Slide 10: Appendix
APPENDIX Making every day a
Slide 11: Disclaimer ─ forward looking statements
Disclaimer ─ forward looking statements Certain statements made in this document are, or may be deemed to be, forward‐looking. These represent expectations for the Group’s business, and involve known and unknown risks and uncertainties, many of which are beyond the Group’s control. The Group has bas