Ricegrowers Ltd. Class B · ASX:SGLLV
Ricegrowers Ltd. Class B — Investor Presentation (May 2024)
23 slides from Ricegrowers Ltd. Class B's investor presentation, May 23, 2024
Slide 1: ASX Announcement: SunRice Group Investor Presentation and Update on Trading Conditions
ASX Announcement 23 May 2024 SunRice Group Investor Presentation and Update on Trading Conditions The SunRice Group provides the enclosed investor presentation and update on trading conditions that will be presented by Dimitri Courtelis, CFO SunRice Group, at the 22nd Australasian AgFood Conference
Slide 2: A global food company
A global food company May 2024
Slide 3: Important notice & disclaimer
A GLOBAL FOOD COMPANY This presentation is for information purposes only. Any person who receives this presentation must This presentation should be read in conjunction This information is given in summary form and seek advice on and observe any such restrictions. with other publicly available mater
Slide 4: A diversified global food company
A GLOBAL FOOD COMPANY A diversified global food company SunRice Group is a global FMCG business and one of the largest rice food companies in the world. Our purpose is to make a difference to places and lives everywhere through nourishing and delicious products. SunRice is committed to making a mean
Slide 5: ~60% of revenue is generated outside of Australia
A GLOBAL FOOD COMPANY Italy USA Ricegrowers, Japan China Sunfoods California, USA Pakistan Sunfoods Aqaba Processing Company, Hawaii, USA Taiwan Jordan India Thailand Ricegrowers ~60% Middle East, Cambodia Ricegrowers United Arab Vietnam Emirates Ricegrowers Singapore Trukai Industries, SolRice, Pap
Slide 6: We pursue value creation for our two classes of shareholders
A GLOBAL FOOD COMPANY We pursue value Our objective is to optimise returns for both classes of shareholders. creation for our two classes of shareholders A Class B Class shareholders SunRice’s structure protects the interests of our shareholders Investors B Class shareholders or investors, who have
Slide 7: Our brands & Products
A GLOBAL FOOD COMPANY Australian Rice Our brands & Products SunRice Snacks Convenience Foods 6
Slide 8: International Rice, Animal and Pet Food, Snacks & Health Food
A GLOBAL FOOD COMPANY International Rice Animal and Pet Food Snacks & Health Food Foodservice & Ingredients for Food Manufacturers 7
Slide 9: History of Performance
A GLOBAL FOOD COMPANY Approaching $2 Billion in turnover Consistently strong dividends AU Crop and Group revenue Dividends (c) and Dividend Yield2 History of 1.64 1.27 1.33 60 50 1.15 1.25 1.18 1.19 1.11 1.13 1.03 40 Performance 1.16 0.83 0.69 0.80 0.69 40 33 33 33 33 33 8.1% 0.62 5.8% 0.42 0.05 20
Slide 10: Capital management
A GLOBAL FOOD COMPANY Net debt / R12 EBITDA2 Core debt / R12 EBITDA2 Gearing ratio Core Gearing ratio3 Capital 1.7x 0.5x 30% 10% management During 1H FY2024, Net Debt reduced Net Debt ($m) by $51m to $240m. This improvement reflects the strong EBITDA generated in 1H FY2024 and a decrease in net work
Slide 11: Growth Strategy in action
A GLOBAL FOOD COMPANY Growth Strategy in action SunRice has invested over $110 million in acquisitions since FY19 Building Pursuing Strategic organic growth strategic growth acquisitions Driving product innovation Further penetrating Using capabilities and deep high value segments insights with cons
Slide 12: Our Sustainability Strategy in action
A GLOBAL FOOD COMPANY Our Sustainability Strategy in action Water Climate Waste Resilient Respecting Food security productivity resilience reduction communities human rights & quality FY2024 Sustainability Highlights Water productivity: Engaged Monash University to Climate resilience: Submitted the
Slide 13: Segments
A GLOBAL FOOD COMPANY Segments
Slide 14: FY23 Segment snapshot
A GLOBAL FOOD COMPANY FY23 $39.9m Segment International Rice snapshot 34% Purchasing (including from the Rice $47.3m Pool), processing and marketing of 40% rice to supply international branded The Rice Pool contributes directly and tender markets to the Profit Businesses through $11.1m the supply of
Slide 15: Group Financials
A GLOBAL FOOD COMPANY Group Financials Since 1H FY2022, revenues Compared to the Previous Corresponding Period, Revenue have increased $354m 1H FY2024 1H FY2023 1H FY2022 has increased 21%, EBITDA has increased 48% and Basic $000’s $000’s $000’s EPS has increased 66% to 46.9 cents per B Class Share.
Slide 16: Rice Pool Performance Update
A GLOBAL FOOD COMPANY 1H FY2024 Revenue ($m) 1 H F Y 2 0 2 4 1H 2H Performance Update $195.5m AUSTRALIAN RICE POOL BUSINESS 335.3 223.2 246.1 • The Rice Pool Business saw Rice Pool increased sales in premium markets and government tender, benefiting ^34% 1H FY2023 114.8 195.5 Supplying premium from
Slide 17: International Rice Performance Update
A GLOBAL FOOD COMPANY 1H FY2024 Revenue ($m) 1 H F Y 2 0 2 4 1H 2H Performance Update $420.9m PROFIT 735.0 BUSINESSES 531.4 548.5 620.9 • International Rice’s revenue International increased 26% vs. PCP ^26% 1H FY2023 420.9 Rice supported by increased volumes and inflation-focused $334.8m FY20 FY21
Slide 18: Rice Food Performance Update
A GLOBAL FOOD COMPANY 1H FY2024 Revenue ($m) 1 H F Y 2 0 2 4 1H 2H Performance Update $58.8m PROFIT BUSINESSES 99.6 96.1 106.4 113.0 • Rice Food benefited from higher 58.8 Rice Food sales prices and better shipping conditions, but faced cost inflation, 1H FY2023 ^5% Innovation in healthier higher en
Slide 19: Riviana Foods Performance Update
A GLOBAL FOOD COMPANY 1H FY2024 Revenue ($m) 1 H F Y 2 0 2 4 1H 2H Performance Update $111.2m PROFIT BUSINESSES 196.5 215.0 • Riviana’s revenues increased with 136.6 148.4 Riviana inflation-focused pricing strategies and the performance of Toscano and ^4% 1H FY2023 111.2 Foods Food Service products.
Slide 20: CopRice Performance Update
A GLOBAL FOOD COMPANY 1H FY2024 Revenue ($m) 1 H F Y 2 0 2 4 1H 2H Performance Update $129.5m PROFIT BUSINESSES 236.1 • CopRice achieved continued 139.9 114.5 161.1 CopRice growth through volume increases and market-share gains, especially ^16% 1H FY2023 129.5 Providing quality in companion animal f
Slide 21: Corporate Performance Update
A GLOBAL FOOD COMPANY 47.3 Overview EBITDA ($m) 1 H F Y 2 0 2 4 34.0 $22.5m PROFIT BUSINESSES • The Corporate segment captures 26.0 26.4 28.3 the cost of holding and financing Corporate 14.3 assets that are utilised by both the Australian Rice Pool Business ^18% 1H FY2023 12.1 19.0 22.5 Strong portf
Slide 22: FY2024 Trading update
A GLOBAL FOOD COMPANY Continued revenue growth and profit delivery for the SunRice Group FY2024 • The business maintained its successful performance and continued to grow its revenue in the second half of the year, supporting the ability to continue to deliver returns to Class B shareholders. Tradin
Slide 23: Making a difference to places and lives everywhere through nourishing and delicious products
A GLOBAL FOOD COMPANY Making a difference to places and lives everywhere through nourishing and delicious products.