Premier Foods plc · LSE:PFD
Premier Foods — Merger or Acquisition (October 2023)
7 slides from Premier Foods's merger presentation, Oct 30, 2023
Slide 1: FUEL10K overview
30 October 2023 FUEL10K overview
Slide 2: What is FUEL10K?
What is FUEL10K? 1 A vibrant breakfast orientated 2 3 Differentiated protein-boosted A modern and young brand portfolio of granola, oats and brand proposition consumer demographic drinks See also www.fuel10k.com 2
Slide 3: The opportunity
The opportunity tasty sustainability Strong protein double-digit health value revenue growth convenience 1 2 3 4 5 Great opportunity Platform for major Protein enriched Young High growth for further growth entry into product range demographic brand through branded Breakfast occasion growth model 3
Slide 4: We'll leverage our branded growth model to continue the growth trajectory
We’ll leverage our branded growth model to continue the growth trajectory £££ 1 Accelerate 2 3 4 5 6 Expand new International commercial Upweight Expand beyond Supply chain product opportunities in opportunities brand breakfast efficiency through retail development existing investment heartland oppo
Slide 5: The product range by sub-category
The product range by sub-category Sub-category SKUs Range Granola 7 Oats 19 Drinks 5 5
Slide 6: Revenue by category and customer
Revenue by category and customer Revenue by sub-category Revenue by customer 11% Top 4 Mults 28% 7% 36% Other major mults Granola 10% Oats Wholesale & Drinks 6% convenience 66% Online Other 35% Source: FY24 estimates 6
Slide 7: Transaction details
Transaction details 1 Premier Foods has acquired 100% of FUEL10K shares on completion, on a cash free and debt free basis 2 Enterprise value £34.0m, representing 1.6x current year revenue forecasts of c.£21m 3 Proceeds on completion of £29.6m, funded through available cash reserves ― Further conside