Greencore Group Plc · LSE:GNC
Greencore — Shareholder Meeting (January 2017)
10 slides from Greencore's shareholder meeting presentation, Jan 31, 2017
Slide 1: Greencore Group plc Annual General Meeting - 31 January 2017
Greencore Group plc Annual General Meeting - 31 January 2017
Slide 2: Our vision is to be a fast-growing, international convenience food leader
Our vision is to be a fast-growing, international convenience food leader Fast-growing... …international... FY16 revenue growth Pro forma FY16 sales* 45% 55% +10.6% +15.3% …convenience food… …leader Market share UK pre- packed sandwiches** 40% Others 60% Greencore *Proforma figures for 12 months to
Slide 3: Greencore FY16 results – summary
Greencore FY16 results – summary FY16 Versus FY15 Revenue* £1,481.9m +10.6%, +5.9% LFL Operating profit* £102.0m +11.2% Operating margin* 6.9% +10 bps Adjusted PBT* £85.9m +10.1% Adjusted earnings per share* 19.5p +8.3% Leverage* 2.4x +0.4 turn ROIC* 13.8% -30 bps 3 *Note: The Group uses a number of
Slide 4: Peacock Foods – acquisition of fast-growing convenience food leader in USA
Peacock Foods – acquisition of fast-growing convenience food leader in USA • Focused on fast-growing categories: frozen breakfast sandwiches, Products & kids’ snack meals and salad kits customers • Growth supported by industry trend towards outsourcing • Deep, long-standing relationships with CPG le
Slide 5: Peacock Acquisition: a platform for sustained profitable growth and returns in the US
Peacock Acquisition: a platform for sustained profitable growth and returns in the US Step change in revenues, key categories and manufacturing scale Increase in exposure to leading brands in fast-growing categories Relationships with new customers in complementary channels Combined network with 5x
Slide 6: Combined business has geographic breadth and enhanced network
Combined business has geographic breadth and enhanced network Greencore sites Peacock Foods sites Romeoville, IL Bolingbrook, IL Carol Stream, IL Itasca, IL Frozen & Chilled Ambient Chilled Frozen & Chilled Seattle, WA Fresh Geneva, IL Ambient Minneapolis, MN Frozen Quonset, RI Fresh CHICAGO IL, Ana
Slide 7: Q1 trading statement and outlook
Q1 trading statement and outlook • Continued strong revenue growth, up 17.1% on a reported and 9.1% on a like for like basis • Driven by strong growth in food to go in UK, benefitting from both category growth and business wins • US growth was 8.0% (like for like) • Peacock completed on 30 December
Slide 8: greencore
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Slide 9: APPENDIX 1: Non-IFRS financial measures
APPENDIX 1: Non-IFRS financial measures The Greencore Group uses a number of non-IFRS measures to measure the performance of its operations as outlined below. These supplemental measures used by management are not measures of performance or liquidity under IFRS and should not be considered by invest
Slide 10: APPENDIX 1: Non-IFRS financial measures
APPENDIX 1: Non-IFRS financial measures Adjusted Cash Flow The Greencore Group defines Adjusted Cash Flow as net cash inflow from operating activities before tax paid/(received), interest paid and cash outflow related to exceptional items, less cash outflow from investing activities excluding cash i