High Liner Foods Incorporated · TSX:HLF
High Liner Foods — Investor Presentation (September 2011)
21 slides from High Liner Foods's investor presentation, September 2011
Slide 1: Investor Presentation
Investor Presentation September 2011 1
Slide 2: Disclaimer
Disclaimer Certain statements made in this presentation are forward- looking and are subject to important risks, uncertainties and assumptions concerning future conditions that may ultimately prove to be inaccurate and may differ materially from actual future events or results. Actual results or eve
Slide 3: Our Business Model
Our Business Model Broadest market reach in industry Market leading brands Diversified global procurement Frozen food logistics expertise Innovative product development 3
Slide 4: Leading Market Positions
Leading Market Positions 2X the size of largest competitor in retail & food service channels Largest grocery-chain supplier of private label processed seafood One of the largest food service suppliers of value- added seafood Our size strengthens our ability to negotiate prices with our customers 4
Slide 5: Financial Review
Financial Review 5
Slide 6: Historical Stock Performance
Histor ical Stock Per for mance $18.00 $16.00 $14.00 $12.00 $10.00 $8.00 $6.00 $4.00 $2.00 $- 2006 2007 2008 2009 2010 YTD Sept. 21, 2011 High Low Close 6
Slide 7: Sales in Domestic $000s
Sales in Domestic $000s First fiscal year with FPI First fiscal year with Viking 7
Slide 8: Sales as Reported in C$000s with Impact of FX on Reported Sales
Sales as Repor ted in C$000s with Impact of FX on Repor ted Sales CDN $ Sales reported Reduction from CDN $ to Domestic $ due to FX Domestic $ Sales reported Increase to CDN $ from Domestic $ due to FX 8
Slide 9: Product Sales Volume in '000s of Pounds
Product Sales Volume in ’000s of Pounds 9
Slide 10: EBITDA (in C$000s)
EBITDA (in C$000s) * Restated for IFRS 10
Slide 11: Diluted EPS Based on Adjusted Net Income
Diluted EPS Based on Adjusted Net Income (1) 1.40 1.20 1.00 0.80 0.60 0.40 0.20 0.00 2006 2007 2008 2009 2010* Q2 2010 Q2 2011 YTD YTD (1) Adjusted net income is net income excluding business acquisition, integration and other expenses (income), net of income tax * Restated for IFRS 11
Slide 12: Return on Equity (ROE) Based on Adjusted Net Income
Retur n on Equity (ROE) Based on Adjusted Net Income(1) (1) Adjusted net income is net income excluding business acquisition, integration and other expenses (income), net of income tax (*) In accordance with Canadian GAAP – Not restated (**) Restated Fiscal 2010 in accordance with IFRS (***) For the
Slide 13: Dividends per Share
Dividends per Share Purchase of Viking, Retraction of NVE Dec. 2010 Shares, April 2010 Sale of NS F ishing, Purchase of F PI, May 2003 Dec. 2007 * Common shares up to September 15, 2007; Common and Non-Voting shares from December 15, 2007 to present 13
Slide 14: Outlook & Growth Strategy
Outlook & Growth Strategy 14
Slide 15: Our Vision
Our Vision The North American leader in value-added seafood
Slide 16: Outlook
Outlook Long-term growth influenced by strong demographics - positive characteristics of fish: North America • 45+ years of age has an aging, account for half of health-conscious seafood consumption population, • Health benefits tied to concerned about eating fish the environment • Carbon footprint
Slide 17: Outlook
Outlook • Fisheries recovering around the world • Added supply + slow economic growth • Seafood costs are higher as are ingredients & other inputs – offset in Canada somewhat by strong dollar 17
Slide 18: Strategic Goals for 2011: Sustainability
Strategic Goals for 2011 #1: SUSTAINABILITY Continue with effort to achieve objective of buying only certified sustainable seafood by 2013 18
Slide 19: Strategic Goals for 2011: Profitable Growth
Strategic Goals for 2011 #2: PROFITABLE GROWTH • Product development • Market share growth • Acquisitions 19
Slide 20: Growth Strategy
Growth Strategy Organic growth • Develop new products Innovative value added products High-quality, innovatively packaged raw products • Establish new and expand existing customer relationships • Enter new, emerging markets, such as Mexico Drive continued growth by leveraging our core High Liner
Slide 21: Growth Strategy: Acquisitions
Growth Strategy Acquisitions • Seek acquisitions that will expand our product portfolio & strengthen our market leadership Strict acquisition criteria • Must be complementary to frozen seafood • Should be synergistic • Must leverage our existing: Leading brands Strong customer relationships Ma
High Liner Foods — Investor Presentation (September 2011) on 6ix