Tate & Lyle PLC · LSE:TATE

Tate & Lyle — Shareholder Meeting (July 2013)

19 slides from Tate & Lyle's shareholder meeting presentation, Jul 24, 2013

  1. Slide 1: AGM 2013

    AGM 2013 24 July 2013

  2. Slide 2: Sir Peter Gershon, Chairman

    Sir Peter Gershon, Chairman 24 July 2013

  3. Slide 3: Javed Ahmed, Chief Executive

    Javed Ahmed, Chief Executive 24 July 2013

  4. Slide 4: Headline Results

    Headline Results Year ended 31 March Continuing operations¹ Change 2013 2012 Change (constant (£1=US$1.57) (£1=US$1.60) currency) Adjusted operating profit2 £358m £348m + 3% + 4% - SFI operating profit in line in constant currency - BI operating profit up 7% in constant currency Adjusted profit befo

  5. Slide 5: Speciality Food Ingredients

    Speciality Food Ingredients Highlights  Volumes up 4% with sales up 8% to £947m Speciality Food Ingredients Sales £947m  Lower operating margins reflecting: Food systems (20%) 190 − Step change in fixed costs due to business transformation initiatives and restart of SPLENDA® Sucralose facility in

  6. Slide 6: Bulk Ingredients

    Bulk Ingredients Highlights  Sales up 6% to £2,309m due to higher corn prices Bulk Ingredients Sales £2,309m  Volumes down 2% reflecting grind diversification Co-products Sweeteners (24%) (47%) 554  Adjusted operating profit up 7% to £182m 1,088 − Strong performance from sweeteners in US and Euro

  7. Slide 7: Growth in Speciality Food Ingredients from three main sources

    Growth in Speciality Food Ingredients from three main sources  Build infrastructure and presence New  Strengthen capabilities and go-to-market markets  Right operating model, skills, processes Innovation  Focus resources on three platforms  Closer interaction and collaboration Customer  Deeper

  8. Slide 8: Focus on the Customer

    Focus on the Customer Customer comments “I have worked with Tate & Lyle for many years and really saw a unique and different approach from your team.” “The capabilities demonstrated here can really help us reduce our cycle time on projects.” 8

  9. Slide 9: Focus on Innovation

    Focus on Innovation New products Open Innovation Tate & Lyle Ventures  6 new products  Agreements signed with  New £30 million venture launched from pipeline, two University spin-offs capital fund launched including TASTEVA® to develop technologies: Stevia Sweetener and − Nandi Proteins  Invest

  10. Slide 10: Focus on New Markets

    Focus on New Markets  Good growth in Asia and Latin America − Emerging markets sales up 25%1 p.a. (CAGR) since 2010 − China revenue growth trebled since 2010 Mexico City Applications / Technical Services Facility  Increased network of applications labs and sales teams − New labs in Mexico City, Sã

  11. Slide 11: Building a stronger Health & Wellness offering

    Building a stronger Health & Wellness offering Fibre intake below recommendations Acquisition of Biovelop in May 2013 Adult fibre intake by country (1) adds to our soluble fibre portfolio France  Early-stage Swedish manufacturer Italy of oat beta glucan Spain Recommended UK range  Beta glucan has

  12. Slide 12: Summary

    Summary  Good sales growth in Speciality Food Ingredients  Step change in customer interaction and engagement  Innovation programme and pipeline gaining traction  Good growth in sales/presence in emerging markets  Good progress expanding Health and Wellness offering  Roll-out of the first phas

  13. Slide 13: AGM 2013

    AGM 2013 24 July 2013

  14. Slide 14: Questions and Answers

    Questions and Answers 24 July 2013

  15. Slide 15: AGM 2013

    AGM 2013 24 July 2013

  16. Slide 16: Proxy Votes

    Proxy Votes Votes Total For1 Total Against withheld2 Resolution % of No. of No. of votes % of vote No. of votes vote votes 1. Report and Accounts 299,651,143 99.98% 60,803 0.02% 5,799,051 2. Remuneration Report 291,857,152 95.90% 12,461,973 4.10% 584,727 3. Approve final dividend 304,381,661 100.00%

  17. Slide 17: Proxy Votes

    Proxy Votes Votes Total For1 Total Against withheld2 Resolution % of No. of No. of votes % of vote No. of votes vote votes 8. Re-elect William Camp 304,221,066 99.96% 130,172 0.04% 552,615 9. Re-elect Douglas Hurt 299,531,908 99.90% 295,519 0.10% 5,076,425 10. Re-elect Virginia Kamsky 298,806,230 99

  18. Slide 18: Proxy Votes

    Proxy Votes Votes Total For1 Total Against withheld2 Resolution % of No. of No. of votes % of vote No. of votes vote votes Approve auditors’ 15. 302,396,454 99.94% 179,300 0.06% 2,935,242 remuneration Authority to make political 16. donations and incur 301,605,838 98.84% 3,546,905 1.16% 358,254 poli

  19. Slide 19: AGM 2013

    AGM 2013 24 July 2013

Tate & Lyle — Shareholder Meeting (July 2013) on 6ix