Kerry Group Plc · EURONEXT:KRZ
Kerry — Q1 2015 Earnings Presentation
12 slides from Kerry's earnings presentation, Apr 30, 2015
Slide 1: Q1 2015 Interim Management Statement
KERRY Q1 2015 Interim Management Statement 30 April 2015
Slide 2: Disclaimer: Forward Looking Statements
Disclaimer: Forward Looking Statements This presentation/announcement may contain forward looking statements with projections regarding, among other things, the Company’s strategy, revenues, earnings, trading profit, trading margin, finance costs, tax rate, capital expenditure, dividends, cash flow,
Slide 3: Q1 2015 Interim Management Statement - Brian Mehigan, CFO
Q1 2015 Interim Management Statement Brian Mehigan CFO
Slide 4: Q1 2015 Highlights
Q1 2015 Highlights › Volume growth +2.5% Volume Growth › Ingredients & Flavours +2.9% 2.9% 2.5% › Consumer Foods +1.4% 1.4% › Pricing -2.4% I&F Foods Group › Group trading margin up 40bps › Ingredients & Flavours +40bps Margin Expansion 40 bps 40 bps › Consumer Foods +20bps 20 bps › Net Debt of €1.4
Slide 5: Q1 2015 Overview
Q1 2015 Overview › Good start to 2015, despite ongoing challenging conditions in some developed markets › Developing markets more stabilised despite ongoing geopolitical issues › However growth in Asia remains strong › Taste & Nutrition positioning delivering innovation to meet changing consumer nee
Slide 6: Revenue Analysis
Revenue Analysis Q1 2014 Q1 2015 4.5% CONTINUING VOLUMES 2.5% ACQUISITION/ CURRENCY DISPOSAL 6.9% PRICE (2.5%) (2.4%)
Slide 7: Food Price Volatility
Food Price Volatility MONTHLY REAL FOOD PRICE INDICES* ANNUAL FOOD PRICE INDEX* Food 180 210 Dairy Oils Cereals 160 190 Sugar 140 170 120 150 100 130 80 110 2001 2001 2002 2003 2003 2004 2005 2005 2006 2007 2007 2008 2009 2009 2010 2011 2011 2012 2013 2013 2014 2015 Jan Feb Mar Apr May Jun Jul Aug S
Slide 8: Business Review – Ingredients & Flavours
Q1 2015 Business Review – Ingredients & Flavours GROWTH Revenue +2.9%* Trading margin +40bps › Volume growth +2.9% › Price deflation of -2.3%, raw material savings shared with customers › Business performance and efficiency programmes contributed 40bps 8.1% margin growth › Continued positive momentu
Slide 9: Business Review – Consumer Foods
Q1 2015 Business Review – Consumer Foods GROWTH Revenue +1.4%* Trading margin +20bps › Volume growth +1.4% › Business performance and efficiency programmes contributed 20bps margin growth › Market opportunities, particularly in Dairy – driven by pricing investment of -2.6% › More stabilised UK and I
Slide 10: Other Updates
Other Updates Global Technology › Population of EMEA centre well progressed & Innovation Centres › Investor Day planned for 15 October 2015 › EMEA – progressing to plan Kerryconnect › APAC – commencing first deployment in Q2 › New 5 year €1.1bn revolving credit facility in place – extending debt Deb
Slide 11: 2015 Outlook: Summary
2015 Outlook: Summary › Continued growth ahead of our markets › Well positioned in both businesses to meet consumer trends – snacking, convenience, nutrition, clean label etc. › Good innovation pipeline › Continued investment in Developing Markets to meet local consumer needs › Further development o
Slide 12: KERRY
KERRY Q1 2015 Interim Management Statement 30 April 2015