Tate & Lyle Plc · LSE:TATE
Tate & Lyle — Shareholder Meeting (July 2009)
13 slides from Tate & Lyle's shareholder meeting presentation, Jul 23, 2009
Slide 1: Annual General Meeting
Annual General Meeting 23 July 2009
Slide 2: Annual General Meeting - Iain Ferguson, Chief Executive
Annual General Meeting Iain Ferguson, Chief Executive 23 July 2009
Slide 3: Focused on three key core areas
Focused on three key core areas % of Group Core Area Tate & Lyle Division Operating Profit* Food & Industrial Ingredients, Americas 57% Corn Wet Milling Food & Industrial 16% Ingredients, Europe * before central costs 3
Slide 4: Focused on three key core areas
Focused on three key core areas % of Group Core Area Tate & Lyle Division Operating Profit* Food & Industrial Ingredients, Americas 57% Corn Wet Milling Food & Industrial 16% Ingredients, Europe EU Cane Sugar Refining Sugars 4% * before central costs 4
Slide 5: Focused on three key core areas
Focused on three key core areas % of Group Core Area Tate & Lyle Division Operating Profit* Food & Industrial Ingredients, Americas 57% Corn Wet Milling Food & Industrial 16% Ingredients, Europe EU Cane Sugar Refining Sugars 4% High intensity sweeteners Sucralose 23% * before central costs 5
Slide 6: Customer focused R&D Team
Customer focused R&D Team Innovation Centre - Lille R&D headquarters - Decatur, Illinois 6
Slide 7: Corn Wet Milling
Corn Wet Milling Food & Industrial Ingredients, Americas Sagamore, Indiana • Capacity expansion for value added food ingredients complete Loudon, Tennessee • Expansion being commissioned: will enable additional production of ethanol, value added ingredients and substrate for the Bio-PDO™ plant 7
Slide 8: Corn Wet Milling
Corn Wet Milling Food & Industrial Ingredients, Americas Fort Dodge • New corn wet mill to produce industrial starches and ethanol: 95% complete • Final construction and start-up postponed until ethanol market conditions improve Custom Ingredients • Continues to perform well • Recognised leader in d
Slide 9: Ingredients, Europe
Corn Wet Milling Food & Industrial Ingredients, Europe Single Ingredients business • Attractive geographical footprint • Efficient cost structure Food Ingredients Systems business • Hahn and Cesalpinia continue to integrate well • Number 1 in stabiliser systems in Europe 9
Slide 10: Cane Sugar Refining
Cane Sugar Refining Sugars EU Sugar Regime reforms nearing completion • Signs of margin recovery • Final raw price reduction from October 2009 Lisbon refinery • Installed new sugar silo as part of debottlenecking project London refinery • New bio mass boiler completed; further reduces carbon footpri
Slide 11: High Intensity Sweeteners
High Intensity Sweeteners SPLENDA® Sucralose All product moved to Singapore • Outstanding growth since realignment with McNeil Nutritionals in 2004 • Breakthrough yield improvements of over 25% in FY2009 • Decision to mothball plant in Alabama • No impact on customers Tate & Lyle will remain the mos
Slide 12: Current management priorities
Current management priorities Building a strong platform for future growth PRIORITIES FOR FY2010 Maintain no Maximise Implement Implement Aggressively higher revenue by zero-based reduced reduce costs priority than total focus on capital working and optional safety customer expenditure capital plan
Slide 13: A stronger business with a strong management team
A stronger business with a strong management team Chief Executive Matt Wineinger Olivier Rigaud Karl Kramer, Ian Bacon Dr. Bob Fisher Tim Lodge, Robert Gibber President, President, President Chief Executive, President, Group Company Secretary Food & Industrial Food & Industrial Sucralose Sugars Rese