Tasfoods Limited · ASX:TFL
Tasfoods — Investor Presentation (February 2025)
17 slides from Tasfoods's investor presentation, Feb 28, 2025
Slide 1: FY2024 Results Presentation
TasFoods Ltd (TFL.ASX) FY2024 Results Presentation FY2024 Results Presentation | February 2025
Slide 2: Highlights
40° TASFOODS 50°
Slide 3: Significant actions delivered on our path forward in Extremely Challenging Market
Significant actions delivered on our path forward in Extremely Challenging Market Following the significant restructure in 2023 TasFoods has become a streamlined and simplified business • This has aided the company to best navigate the challenging market dynamics in FY2024, particularly in the Tasma
Slide 4: FY2024 Financial Results
FY2024 Financial Results • Total Group operating EBITDA loss of $2m, a $2.6m (56%) improvement on previous year (FY2023: $4.6m loss). • Statutory Group Net Profit After Tax (NPAT) loss of $10.5m which includes a non-cash impairment of $6m of Poultry property, plant and equipment (PP&E), including or
Slide 5: FY2024 Financial Highlights: Operating EBITDA – Continued operations
FY2024 Financial Highlights: Operating EBITDA – Continued operations FY2024 FY2023 • Operating EBITDA loss of $2.3m for the consolidated operations was a 35% KEY FINANCIAL RESULTS - improvement on prior corresponding period Continued Operations Shared Shared (pcp) $3.5m loss. Dairy Poultry Total Dai
Slide 6: FY2024 Financial Highlights: Consolidated (Continued and discontinued operations)
FY2024 Financial Highlights: Consolidated (Continued and discontinued operations) • Consolidated Group operating EBITDA loss of $2m was a 56% FY 2024 FY2023 Consolidated improvement on pcp of $4.6m loss (pcp included the divested KEY FINANCIAL RESULTS business units of Betta Milk, Meander Valley Dai
Slide 7: Pyengana Dairy – Significant opportunity to scale the business
Pyengana Dairy – Significant opportunity to scale the business in domestic and international markets, • Scale up of product range by building out the range of premium and everyday premium offering in the domestic market. • Portfolio brand strategy focused on building brand awareness, showcasing Pyen
Slide 8: Pet Treats – high margin growth stream in a fast-growing large market segment
Pet Treats – presents a high margin growth stream in a fast-growing large market segment Current Product Range • Tasfoods has developed a unique offering in this category, leveraging off the inherent product strengths of Nichols Poultry and capturing the key trends in this segment. • Isle and Sky Pe
Slide 9: Outlook
Outlook
Slide 10: Path Forward
Path Forward We are razor focused on building a more robust and stable business with consistent results • Our immediate priorities are: o Strengthening the Poultry Supply Chain: Progressing initiatives to strengthen our poultry grower network, improving supply reliability and building on our relatio
Slide 11: Building a path to robust sustainable earnings
Building a path to robust sustainable earnings Poultry remains an affordable, healthy, and widely favored protein of choice, with Nichols Poultry standing out Strength & as a unique and trusted brand in Tasmania; Consolidate Nichols Poultry has a long-term strong relationship with major customers
Slide 12: Financial Information
Financial Information
Slide 13: Profit and loss – Consolidated Group
Profit and loss – Consolidated Group Profit or Loss ($000’s) FY2024 FY2023 • Consolidated NPAT loss of $10.5m (continued and discontinued Income Total Consolidated operations), inclusive of a $6m non-cash impairment of Nichols Revenue from operations 46,054 74,052 Poultry assets, was $9.5m higher co
Slide 14: Balance sheet
Balance sheet $000's FY2024 FY2023 • The Group is supported by a balance sheet with a net asset Current Assets position of $7.1m (noting PP&E balances of $10.7m). Cash & Cash Equivalents 485 3,432 Trade & Other Receivables Biological Assets 2,005 2,805 3,209 3,487 • Closing cash as at 31 December 20
Slide 15: Cash flow
Cash flow $000's FY2024 FY2023 Cash flows from operating activities Receipts from customers 47,188 48,586 • Net cash outflows from operating activities were $2.4m (continued Payments to suppliers and employees (48,796) (51,355) and discontinued operations) for the year (2023: $3.5m) which is Interes
Slide 16: Important notice and disclaimer
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 17: Contact
Contact Joshua Fletcher | CEO E: joshua.fletcher@tasfoods.com.au