Tasfoods Limited · ASX:TFL
Tasfoods — H1 2024 Earnings Presentation
15 slides from Tasfoods's earnings presentation, Aug 30, 2024
Slide 1: TasFoods Ltd H1 2024 Results Presentation
TasFoods Ltd (TFL.ASX) H1 2024 Results Presentation H1 2024 Results Presentation| August 2024
Slide 2: Highlights
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Slide 3: H1 2024 Business Highlights
H1 2024 Business Highlights Acceleration of value enhancing initiatives • Change of feed suppliers has seen an improvement in Feed Conversion Rate (FCR), driving strategic and operational benefits to the Poultry division for the largest input cost item. Operational efficiencies • Successful integrat
Slide 4: H1 2024 Financial Highlights
H1 2024 Financial Highlights • Statutory Net Profit After Tax (NPAT) loss of $5m which includes a $2.9m accounting impairment of poultry assets. • The Group NPAT loss (excluding impairment) of $2.1m was a 45% improvement on pcp NPAT loss of $3.8m. The divestment in June 2023 of Shima Wasabi and the
Slide 5: H1 2024 Financial Highlights
H1 2024 Financial Highlights H1 2024 • Consolidated Group EBITDA $1 million loss which is Continued operations Discontinued operations Consolidated significantly improved by 61% compared to the $2.5 Shared Dairy Poultry Total Dairy Horticulture Total TOTAL million loss in H1 2023. Services $'000 $'0
Slide 6: Pyengana Dairy - premium product and continued focus on quality
Pyengana Dairy - premium product and continued focus on quality. Winning numerous awards in the last 12 months showcasing quality Cheddar and Blue cheese products we provide to consumers. 6
Slide 7: Pet Treats – presents a significant growth stream
Pet Treats – presents a significant growth stream • 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. • It is estimated that Pet & Pet Supplies retailers generated $3.9bn in revenue for Current Product Range 20
Slide 8: Financial Information
Financial Information
Slide 9: Profit and loss – Group NPAT loss excluding impairment improved by 45% on prior year
Profit and loss – Group NPAT loss excluding impairment improved by 45% on prior year Profit or Loss ($000’s) c HY24 HY23 HY24 HY23 HY24 HY23 • From the extensive corporate restructuring activity Total Consolidated Continued Operations Discontinued Operations in 2023, TasFoods profit/loss statement h
Slide 10: Balance sheet
Balance sheet $000's Jun 24 Dec 23 Current Assets • The Group is supported by a balance sheet with a net asset Cash & Cash Equivalents 999 3,432 position of $12.7m (noting property, plant and equipment Trade & Other Receivables Biological Assets 2,704 3,418 3,209 3,487 balances of $12.4m). Inventory
Slide 11: Cash flow
Cash flow $000's HY24 HY23 Cash flows from operating activities Receipts from customers 24,161 23,920 • Net cash outflows from operating activities were $1.7m Payments to suppliers and employees (25,252) (25,787) (continued and discontinued operations) for the half Interest paid (113) (151) year whi
Slide 12: Outlook
Outlook
Slide 13: Outlook
Outlook Trading conditions remain challenging for all food and beverage groups trading through the domestic grocery, food service and e- commerce channels with cost-of-living pressures and an uncertain economic outlook impacting consumer sentiment; Both major listed grocers have reported the continu
Slide 14: This presentation is provided by TasFoods Ltd
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 complete and ma
Slide 15: Contact
Contact Joshua Fletcher | CEO E: joshua.fletcher@tasfoods.com.au