Slide 1: CAGNY 2022
Slide 2: Disclaimer Slide
Disclaimer Slide This presentation/announcement may contain forward looking statements with projections regarding, among other things, the Group’s strategy, revenues, earnings, trading profit, trading margin, finance costs, tax rate, capital expenditure, dividends , cash flow, net debt or other fina
Slide 3: Our Purpose and Vision
Our Purpose and Vision © Kerry 2022 | 3 |
Slide 4: Our Leading Global Footprint
Business Overview Our Leading Global Footprint 2021 Reported Results 84% €7.4bn 2021 Group Revenue Pro-forma Revenue¹ €6.7bn €1.1bn Group EBITDA 16% 152 93% Production Locations 2021 Pro-forma EBITDA¹ 22,000+ €1.0bn Employees 7% Taste & Nutrition Kerry Dairy Ireland © Kerry 2022 | 4 | ¹ Pro-forma 20
Slide 5: 2021 Review – A Year of Strong Growth and Business Development
2021 Review – A Year of Strong Growth and Business Development Strong Volume Growth Across Our Channels With Strategic Developments 8.0% 7.6% Strategic Portfolio Developments Q4 FY Group Volume Growth New Durban, South Africa facility Capital Markets Day © Kerry 2022 | 5 | Note: Volume growth shown
Slide 6: Taste & Nutrition – Our Business Dimensions
Taste & Nutrition – Our 5 Business Dimensions Food 69% Beverage 26% Pharma 5% 74% Retail 26% Foodservice Global ~1/3 Regional ~1/3 Local ~1/3 Americas 52% Europe 25% 22 Core Technologies APMEA 23% 25 Process Technology Platforms © Kerry 2022 | 6 |
Slide 7: Creating A World of Sustainable Nutrition
Creating A World of Sustainable Nutrition Enabling our Customers Move Along the Sustainable Nutrition Spectrum © Kerry 2022 | 7 |
Slide 8: Taste & Nutrition Strategic Framework
Taste & Nutrition Strategic Framework Key Growth Platforms → Authentic Taste → Plant-Based → Food Waste → Health & Bio-Pharma © Kerry 2022 | 8 |
Slide 9: Leaders in Authentic Taste
Leaders in Authentic Taste → Leader in Authentic Savoury Taste Solutions for meat and snacks → Leading partner in Taste Solutions for nutritionally optimised products → Global leader in Natural Taste Solutions for beverages © Kerry 2022 | 9 | Leadership positions above are within the value-add ingre
Slide 10: Our Radicle™ Approach to Plant-Based Innovation
Our Radicle™ Approach to Plant-Based Innovation © Kerry 2022 | 10 |
Slide 11: Solving the Food Waste Challenge
Solving the Food Waste Challenge Enzymes Circular Stocks Emulsifiers Protein Conversion Flavour Systems Kerry Fermentation Solutions Plant Extracts Taste Simply Nature™ Conventional Preservation Process & Quality Operational Excellence © Kerry 2022 | 11 |
Slide 12: The Partner of Choice in Health & Bio-Pharma
The Partner of Choice in Health & Bio-Pharma Food for Health, for Life Clinically backed technology portfolio Consumer and Customer insights Nutrition empowered by Taste Wellness | Nutrition | Prevention | Treatment © Kerry 2022 | 12 |
Slide 13: Strategic Portfolio Development Aligned to Strategy
Strategic Portfolio Development Aligned to Strategy © Kerry 2022 | 13 |
Slide 14: Solving Complex Challenges with Differentiated Solutions
Solving Complex Challenges with Differentiated Solutions © Kerry 2022 | 14 |
Slide 15: Re-inventing Operations
Re-inventing Operations For Foodservice Operators © Kerry 2022 | 15 |
Slide 16: Revolutionising Taste
Revolutionising Taste In Organic Hard Seltzers Classified as General Business
Slide 17: Transcending Categories
Transcending Categories In Plant-Based Innovation © Kerry 2022 | 17 |
Slide 18: Our Value Creation Framework
Our Value Creation Framework © Kerry 2022 | 18 |
Slide 19: Track Record of Long-Term Growth & Financial Delivery
Track Record of Long-Term Growth & Financial Delivery Strong Growth Since 1986 Revenue Trading Profit Adjusted EPS €7.4bn €876m 381c +9% +13% +12% CAGR CAGR CAGR €337m €14m 7.6c The use by Kerry Group plc of any MSCI ESG research LLC or its affiliates (“MSCI”) data, and the use of MSCI logos, tradem
Slide 20: Performance in 2021
Performance in 2021 Growth Return Sustainability Revenue Trading Margin EPS Cash Consumers Carbon Food Waste ROACE Conversion Reached Reduction¹ Reduction¹ Volume Growth Expansion Growth (ccy) 8.0% + 40bps 12.1% + 10bps 84% 1.1bn 39% 19% CONSUMERS 381c €566m 1.1bn 19% €7.4bn €876m 9.9% 39% 9.8% 1.0b
Slide 21: Our Mid-Term Targets (2022-2026)
Our Mid-Term Targets (2022-2026) Revenue Margin Cash Return People Society Planet Expanding Diversity & 4-6% 18%+ 80%+ 10-12% Nutritional Reach Inclusion Carbon Volume Growth¹ EBITDA Margin Cash Conversion¹ Return on by 2026 Average Capital Positive & Nourishing Employed¹ Food Waste Balanced Communi
Slide 22: Strong Revenue Growth Ambitions
4-6% Strong Revenue Growth Ambitions Average Volume Growth Key Growth Platforms → Authentic Taste → Plant-Based → Food Waste → Health & Bio-Pharma © Kerry 2022 | 22 | See Capital Markets Day presentation appendix for definition of all metrics
Slide 23: Step-Change Margin Expansion
Step-Change Margin Expansion 18%+ Group EBITDA Margin by 2026 20%+ Taste & Nutrition Portfolio Mix Operating Operational Reinvestment Leverage Efficiencies for Growth → Increased depth of → Leverage global → Continuous → Science, technology technology solutions footprint improvement & innovation → I
Slide 24: Cash Conversion & Returns
Cash Conversion & Returns 80%+ Cash 10-12% Conversion ROACE → Focused Capital Expenditure Aligned to Strategic Growth Priorities → Strict Working Capital Management to Deliver Days Improvement © Kerry 2022 | 24 | See Capital Markets Day presentation appendix for definition of all metrics
Slide 25: Capital Allocation Framework
Capital Allocation Framework Disciplined Capital Allocation Driving Shareholder Return Reinvestment Returning Cash to Shareholders Capital Expenditure 4-5% of Dividends Capital Revenue Growth of 10%+ Deployment M&A Share Buybacks Aligned to Strategy © Kerry 2022 | 25 |
Slide 26: Key Sustainability Targets – Beyond the Horizon
Key Sustainability Targets – Beyond the Horizon Better for People Better for Society Better for the Planet Increasing our Carbon Reduction 2bn+ CONSUMERS Reaching over two billion people with sustainable nutrition solutions by 2030 Nourishing Communities Engaging with others through community partne
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