22 slides from Origin Enterprises's shareholder meeting presentation, Nov 21, 2011
Slide 1: AGM 21 November 2011
(Zn Origin { ENTERPRISES PLC AGM ' ~ coe
Slide 2: Origin overview
Origin overview A leading, focused Agri-Services Group with investments in consumer foods and marine protein and oils Operations in Ireland, the United Kingdom, Norway and Poland Public company – Established in 2006 – Listed in June 2007 – ESM (Dublin), AIM (London) – ARYZTA AG 71.4% shareholder 2
Slide 3: 2011 Highlights
(Fw Origin ENTERPRISES PLC 2011 Highlights
Slide 4: 2011 Overview
2011 Overview Excellent results Strong revenue and earnings growth from Agri-Services – Buoyant environment for primary food producers – Earnings enhancing acquisitions Sustained performance from our associates and joint venture Capital re-allocation supporting realignment of business profile – Dive
Slide 5: 2011 Financial Highlights
2011 Financial Highlights Agri-Services EBIT up 29.4% to €66m Agri-Services trading margin 5.2% + 50bps Share of profits from associates and joint venture up 28.4% to €14.9m Adjusted EPS increased by 16.3% to 43.34cent Dividend increased by 22% to 11 cent Continuing strong cash generation – 18% redu
Slide 6: Agri-Services Review
Can Origin ENTERPRISES PLC [ Agri-Services Review ) 6
Slide 7: Agri-Services: Supporting the primary sectors of the food industry
Agri-Services Supporting the primary sectors of the food industry through ….. The provision of customised advice, inputs and smart farming solutions that address the yield, quality and output requirements of primary food producers. 7
Slide 8: On-Farm Agronomy
On-Farm Agronomy Design of Integrated Crop Management systems (‘ICM’) to maximise crop yield – A customised advice and input prescription delivering … – Systems of sustainable intensification Protect and enhance farm profitability Knowledge systems – Integration of science with agronomy practice – S
Slide 9: Business to Business Inputs
Business to Business Inputs Feed and fertiliser sourcing, handling, manufacturing and distribution Consolidated position in Ireland and the UK – Leading market shares – Distribution footprint in excess of 4 million tonnes – Strategic global partnerships with major ingredient manufacturers and shippe
Slide 10: 2011 – Agri-Services overview
2011 – Agri-Services overview July 2011 July 2010 Change on prior year €m €m Change Underlying €m €m Revenue 1,257.5 1,077.0 180.5 204.1 Operating profit 66.0 51.0 15.0 4.2 Operating margin % 5.2% 4.7% +50bps Excellent performance with underlying operating profit growth of 8.2% Demand led growth for
Slide 11: Agri-Services strategic expansion
Agri-Services strategic expansion €79.3m investment delivering a step change in scale, service and technological capability United Agri Products – Premier provider of integrated crop production systems in the UK – Servicing over 8,000 growers Carrs Fertiliser – Leading UK provider of specialist nutr
Slide 12: Origin's Business transitioning
Origin’s Business transitioning 12
Slide 13: Journey and positioning
Journey and positioning Phase 1 Phase 2 Phase 3 Marine Origin’s Proteins & Consumer Feed formation IPO Oils Foods Consolidation 2006 2006 2007 2007 2009 2009 2010 2010 2011 2011 Specialist focus on original Realignment of business portfolio Repositioned for growth activities of IAWS Reducing complex
Slide 14: Origin - UK's Premier Agri-Service Provider
Origin - UK’s Premier Agri-Service Provider We are influencing… – 33% of total arable production – 55% of primary fruit production Through… – 33% of all agronomists Prescribing… – 40% of serviced agronomy advice and crop protection application – 25% of certified seed – 40% of blended nutrition Suppo
Slide 15: Earnings stability
Earnings stability Historic EBITA vs S&P Goldman Sachs Agri Index 15
Slide 16: Our progress since establishment
Our progress since establishment 2007 2008 2009 2010 2011 Year Ended July €m’s €m’s €m’s €m’s €m’s CAGR EBITA* 42.8 74.1 81.0 82.4 89.8 22.8% 20.4% Adjusted diluted EPS ** (cent) 19.63 34.05 36.16 37.26 43.34 23.8% 21.9% Acquisition expenditure 0.0 157.4 193.9 195.1 274.4 (cumulative) Cashflow after
Slide 17: Strategic Positioning
(Fw Origin ENTERPRISES PLC Strategic Positioning 17
Slide 18: Strategic Context for Farming – The Opportunity
Strategic Context for Farming – The Opportunity Farming has embarked on an exciting transformation – Positive structural backdrop to primary food production and food supply Increasing output prices and static yields are driving demand for new technologies Primary producers are facing an increasingly
Slide 19: Origin's Strategic Priority
Origin’s Strategic Priority Leading provider of integrated crop production systems and sustainable agricultural technologies Research and science Integrated and driving innovation customised customers seek value propositions - agronomist led Common ICT Farm structure, platform, logistics cropping, s
Slide 20: Summary
ENTERPRISES PLC
Slide 21: Summary
Summary Origin repositioned with clear business strategy focused on capitalising on a sustainable agriculture model – Trusted brands and relationships – Advanced research and development capability driving innovation – Leverage leading sector position through breadth and scale of offering – Excellen
Slide 22: AGM 21 November 2011
(Zn Origin { ENTERPRISES PLC AGM ' ~ coe