Maple Leaf Foods Inc. · TSX:MFI
Maple Leaf Foods — Investor Presentation (April 2019)
10 slides from Maple Leaf Foods's investor presentation, Apr 8, 2019
Slide 1: Expanding Our Leadership in Plant-Based Protein
Expanding Our Leadership in Plant-Based Protein Investor Presentation – April 8, 2019
Slide 2: Forward-looking Statements and non-IFRS Measures
Forward-looking Statements and non-IFRS Measures This presentation contains statements made by representatives of the Company in connection with this presentation, may contain forward- looking statements within the meaning of applicable securities law. These statements are based on current expectati
Slide 3: Opportunity
Opportunity • Lightlife (#1) & Field Roast (#2) are category leaders Escalating demand for Maple Leaf’s • Double-digit growth rates in refrigerated #1 and #2 brands in fast plant-based protein growing refrigerated plant-based meat • Continuous innovation in the category alternative category • Two cu
Slide 4: Strategy
Strategy • Constructing a US$310M plant-based protein facility in Indiana Establish a world-class plant-based protein • Investing US$26 million in existing network network to support our to increase capacity and efficiency market shares and • Largest scale assets & investment of its kind category gr
Slide 5: Attractive Market
Attractive Market • Plant-based protein is now a ~US$1 billion North American market Category fundamentals include increasing • Refrigerated segment significantly protein consumption, outpacing broader category; ~40% growth in increasing household 2018 penetration and increasing category • Currently
Slide 6: Innovation Advantage
Innovation Advantage • More than 140 new products introduced since 2014 in the U.S. Significant innovation bench strength and brand • Burger category supporting recent growth advantage supported by rate dedicated production capacity • New Lightlife burger – a breakthrough burger delivering superior
Slide 7: Financial Profile
Financial Profile • Expected return on capital of 13% to 16%, based on underlying long-term growth Returns based on assumptions underlying growth rates and cost reductions • Supports expected growth through 2024 • Delivers a 2022 Adjusted EBITDA margin in line with Maple Leaf’s overall structural ma
Slide 8: Timing
Timing Activity Timing Fully operational by 2021 Construction Q2 2019 and contributing to financial returns by 2022 Start-up begins Q4 2020 Fully Operational Q4 2021 Capital Expense Breakdown Total of: US$336 million (US$ millions) 2019 2020 2021 One-time start-up costs $1 $15 $18 40% 50% 10% 2019 2
Slide 9: Summary
Summary • Secures market leadership and network advantage in hyper-growth category Winning the plant-based protein • Provides capacity and accommodates phased market with leading expansion tailored to meet future demand brands, innovation and a growth best-in-class network • Delivers excellent retur
Slide 10: Expanding Our Leadership in Plant-Based Protein
Expanding Our Leadership in Plant-Based Protein Investor Presentation – April 8, 2019
Maple Leaf Foods — Investor Presentation (April 2019) on 6ix