Aryzta AG · SIX:ARYN
Aryzta — Baader Helvea Conference January 2021
11 slides from Aryzta's conference presentation, January 2021
Slide 1: ARYZTA AG – Baader Helvea Conference
ARYZTA AG – Baader Helvea Conference January 2021
Slide 2: Forward Looking Statement
Forward Looking Statement This document contains forward looking statements which reflect the Board of Directors’ current views and estimates. The forward looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those contained in the forwa
Slide 3: Key developments
Key developments 2020 –– 16 September: Shareholders voted for change at EGM –– 20 & 24 November: Senior management changes & new senior appointments to implement strategic change –– 15 December: AGM, board refreshment completed – unified board with enhanced bakery, financial and turnaround experienc
Slide 4: ARYZTA's Way Forward - Overview
ARYZTA's Way Forward - Overview –– Leverage the enhanced Board's bakery, financial and turnaround expertise –– Reduce financial leverage through North America and LATAM and disposals –– Focus on key markets and key categories –– Three routes to market supported by a simplified structure »» Food Solu
Slide 5: Board Refreshment - Strong Financial & Turnaround Expertise
Board Refreshment - Strong Financial & Turnaround Expertise –– Gordon Hardie - 30 year career in the global food & ingredients and FMCG »» President of Bunge Food & Ingredients »» Managing Director of Goodman Fielder Bakeries Australia / New Zealand »» Currently Non-Executive Director at Owens-Glass
Slide 6: Management Changes
Management Changes –– New management only in place since 20 November –– Urs Jordi, Chairman, appointed as Interim CEO –– Jonathan Solesbury appointed as Interim CFO –– Marcus Opitz appointed as Chief Restructuring Officer »» Responsible for Disposals –– Armin Bieri appointed as Chief Transformation
Slide 7: Excessive Debt Level - Needs to be reduced
Excessive Debt Level - Needs to be reduced FY 2020 FY 2019 Net Debt: EBITDA1 3.68x 2.43x EBITDA: Net interest, including Hybrid dividend1 2.63x 3.45x –– Banking consent for increased headroom received in September 2020 –– Liquidity position of €445m at 31 October –– Actions: »» New financial adviser
Slide 8: Our Business Model - Four Revenue Drivers
Our Business Model - Four Revenue Drivers1 Excellence in Channel Solutions Excellence in Innovation / Category Know-how Channels: Food Service, Retail, QSR Within Six Product Groups PROPOSITION Gold Standard for ovenbaked freshness Excellence in quality & efficiency Excellence in Customer Developmen
Slide 9: Benefits of our new multi-local model
Benefits of our new multi-local model –– New multi-local approach –– Addresses the local customer needs –– Shortens supply chains and accelerates innovation response times –– Improves understanding of customers' needs and deepens relationships –– Achieved by empowering local leadership teams with lo
Slide 10: Key Takeaways - Value Creation Plan
Key Takeaways - Value Creation Plan North Current Value + America & LATAM + Debt Reduction + Operational Improvement = Future Value Disposals Six to nine months Disposals & Over next 18 Cost Savings months, driven by new local focus business model –– EGM & AGM shareholder votes overwhelmingly endors
Slide 11: Thank You
Thank You u | ARYZTA Passion for good food January 2021