Tasfoods Limited · ASX:TFL
Tasfoods — Investor Presentation (March 2019)
17 slides from Tasfoods's investor presentation, Mar 7, 2019
Slide 1: Investor Presentation March 2019
For personal use only Investor Presentation March 2019
Slide 2: About TasFoods
About TasFoods For personal use only TasFoods is a diversified food business leveraging Tasmania’s unique environment to create premium food products for sale to Australian and export customers. The company owns a stable of high value food brands in three key product categories: 2 Investor Presentat
Slide 3: FY18 Company Highlights
FY18* Company Highlights For personal use only FY18 was a year of strong growth for TasFoods, setting the company on a pathway to profit. Highlights include: • Sales revenue up 25% to $38.4 million. • Gross profit up 54% to $10.7 million. • EBITDA improvement of $4.6 million. • H2 delivered positive
Slide 4: Results Summary
Results Summary For personal use only FY2018 $’000 FY2017 $’000 Change $’000 Change % Sales revenue 38,391 30,743 7,648 25% Gross profit 10,716 6,961 3,755 54% Gross profit margin 28% 23% 5% EBITDA (1,110) (5,710)* 4,600 NPAT (1,358) (6,808) 5,450 *Includes an impairment charge of $2.11m. 4 Investor
Slide 5: Balance Sheet and Capital Management
Balance Sheet and Capital Management For personal use only 2018 2017 $'000 $'000 • Improving operational efficiency across the business was a Current Assets core focus in 2018. - Cash and cash equivalents 6,658 9,663 - Receivables 2,609 2,799 • Net assets increased by $2.62 million, assisted by a $3
Slide 6: Business Operations
Business Operations =
Slide 7: Brands and Market Expansion
Brands and Market Expansion For personal use only TasFoods aims to showcase Tasmania’s finest produce to the world. One of our objectives in 2018 was growing sales to markets outside Tasmania. FY18 Achievements: • Key distribution partners established to supply dairy and poultry products to customer
Slide 8: Poultry
Poultry For personal use only Operational Activities Achievements of the Year Objectives for 2019 • Poultry processing. • Sales revenue growth of 15% to $32.10 million. • Construction of new company owned tunnel ventilated poultry growing sheds at • RSPCA approved barn raised poultry • Lower process
Slide 9: Dairy
Dairy For personal use only Operational Activities Achievements of the Year Objectives for 2019 • Milk and cream processing facility. • Sales revenue growth of 140% to $5.96 million. • Sales growth benefiting from full year of sales from new markets • Cheese manufacture and maturation • New premium
Slide 10: Horticulture
Horticulture For personal use only Operational Activities Achievements of the Year Objectives for 2019 • Wasabi growing and harvesting • Sales revenue growth of 25% to $0.33 million. • Launch of new value added facilities. wasabi products. • Development of new distribution network to • Wasabi packin
Slide 11: Outlook
For personal use only Outlook
Slide 12: Group Outlook
Group Outlook For personal use only TasFoods has established a solid base from which the business can scale and grow. Under its current operating structure, positive EBITDA is expected for the year to December 2019, despite commodity price headwinds. Key Business Objectives for FY19: Revenue Growth:
Slide 13: TasFoods Well Positioned for Profitable Growth
TasFoods Well Positioned for Profitable Growth For personal use only • Strategic leverage of the Tasmanian brand and its “We find it wonderful working with TasFoods’ outstanding ability to deliver a premium food offering valued by portfolio of world class Tasmanian products. All are brands consumers
Slide 14: For personal use only
For personal use only
Slide 15: Corporate Overview
Corporate Overview For personal use only Share Price Market Net Assets (Opening price, 6 March 2019) Capitalisation (31 December 2018) $0.115 $23.76m $34.27m Fully Paid Cash and Cash Ordinary Shares Equivalents (31 December 2018) 206.6m $6.66m 15 Investor Presentation | March 2019
Slide 16: Board of Directors
Board of Directors For personal use only Shane Noble Alexander (Sandy) Beard Roger McBain Jane Bennett Janelle O’Reilly Executive Chairman Non-executive Director Non-executive Director Managing Director & CEO Company Secretary & General Shane has over 20 years Counsel Sandy is CEO of CVC Limited Rog
Slide 17: 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 does