Tasfoods Limited · ASX:TFL
Tasfoods — Investor Presentation (February 2020)
14 slides from Tasfoods's investor presentation, Feb 28, 2020
Slide 1: Investor Presentation March 2020
INVESTOR PRESENTATION MARCH 2020
Slide 2: About TasFoods
ABOUT TASFOODS TasFoods is a diversified food business TasFoods has a strong and loyal customer leveraging the natural attributes of base in Tasmania and continues to focus Tasmania’s agricultural and food on its long-term vision to showcase the production environment to create State’s finest pr
Slide 3: The Tasmanian Advantage
THE TASMANIAN ADVANTAGE A remote island located in the southern ocean, Tasmania is ideally positioned to support the creation of premium branded food products. WATER SECURITY BIOSECURITY BRAND RECOGNITION Although only 1% of Australia’s land mass, Tasmania’s isolated location off the Surrounded by w
Slide 4: 2019 Financial Results
2019 FINANCIAL RESULTS A year of strong organic sales growth and a strategic acquisition FY2019 $’000 FY2018 $’000 FY Change $’000 FY Change % Sales Revenue 50,693 38,397 12,296 32% Gross Profit 12,827 10,798 2,029 19% Gross Profit Margin 25% 28% -3% EBITDA (1,155) (1,125) (30) -3% Acquisition Costs
Slide 5: Key Sales Achievements of 2019
KEY SALES ACHIEVEMENTS OF 2019 32% growth in sales revenue Total Sales Revenue ($’000) Revenue growth was achieved in all segments of the business Poultry remains the largest segment of the business achieving 9% growth for 2019 to $34.94 million of sales revenue Dairy revenue, inclusive of 5 m
Slide 6: Operating Costs 2019
OPERATING COSTS 2019 3 year Sales Revenue trend % of Costs to Revenue ($ millions) 60 60% 50 50% 40 40% 30 30% 20 20% 10 10% 0% 0- Sales Revenue Raw Materials Employment and Contractor Corporate Costs** Expenditure* FY 2017 FY 2018 FY 2019 FY 2017 FY 2018 FY 2019 Raw material costs increased from
Slide 7: Poultry Division 2019
POULTRY DIVISION 2019 Nichols Poultry sales grew by 9% to $34.94 million Higher margin Ethical Free Range Chicken sales grew by 85% Capital expenditure project delivered 2 additional chicken growing sheds to expand growing capacity Significant increases in commodity pricing for feed grain in
Slide 8: Dairy Division
DAIRY DIVISION The combined dairy division Pyengana Dairy cheese and Robur Farm goat dairy (inclusive of 5 months of milk achieved 33% growth in achieved 8% growth across Betta Milk) achieved sale 2019. Farm milk supply for cheese and milk products revenue growth of 158% to Pyengana Dairy was
Slide 9: Betta Milk Acquisition
BETTA MILK ACQUISITION The milk processing and distribution network assets of the Betta Milk Cooperative Society Pty Ltd were acquired on 31 July 2019 At the time of acquisition annualised sales were assessed at $16.7 million with a normalised EBITDA of $0.8 million Sales revenue of Betta Milk
Slide 10: Shima Wasabi 2019
SHIMA WASABI 2019 SHIMA WASABI achieved 8% sales growth to $0.35 million Changes implemented in 2018 to interstate distribution channels delivered an increase in sales of fresh wasabi products and improved operational efficiencies Innovation grant funding received from Food Innovation Australi
Slide 11: 2020 Outlook
2020 OUTLOOK A year of continued strong growth in revenue and profitability Strong sales revenue growth is anticipated n 2020 through: Full year of trading for Betta Milk Full year of sales for Tassie Taste white milk brand launched in December 2019 Full year of sales for additional chicken vo
Slide 12: 2020 Outlook
2020 OUTLOOK A year of continued strong growth in revenue and profitability Margin and profit improvement will be achieved through: Strategic price increases implemented across dairy and chicken brands Implementation of further manufacturing efficiencies The Betta Milk Tasmania wide distributi
Slide 13: 2020 Outlook (continued)
2020 OUTLOOK (continued) Full year positive operating EBITDA TasFoods Board and Management are focused on delivering continued improvement in profitability in 2020 by leveraging its Tasmanian heritage and unlocking the full potential of the company’s established brands and operations.
Slide 14: Disclaimer
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 co