Tasfoods Limited · ASX:TFL
Tasfoods — H1 2019 Earnings Presentation
10 slides from Tasfoods's earnings presentation, Aug 27, 2019
Slide 1: Investor Presentation August 2019
For personal use only Investor Presentation August 2019
Slide 2: About TasFoods
About TasFoods For personal use only TasFoods is a diversified food business leveraging Tasmania’s unique environment to create premium food products for sale to Australian and export customers. TasFoods has a strong and loyal customer base in Tasmania and continues to focus on its long-term vision
Slide 3: Half Year FY19 Company Highlights
Half Year FY19* Company Highlights For personal use only Half 1 FY19 continued to deliver H1 2019 H1 2018 H1 Change H1 Change against strategic objectives $'000 $'000 $'000 % Sales Revenue 20,831 18,481 2,350 13% Highlights include: Statutory EBITDA (1,032) (733) (299) -41% • Sales revenue up 13% to
Slide 4: Half Year FY19 Sales Revenue Growth
Half Year FY19* Sales Revenue Growth For personal use only Sales Revenue Half 1 FY19 continued to deliver strong sales revenue growth H1 2019 H1 2018 Highlights include: H1 2017 • Sales revenue up 13% to $20.8 million. - 5,000 10,000 15,000 20,000 25,000 • Dairy sales revenue up 46% to $3.612 millio
Slide 5: Half Year FY19 Operating Costs
Half Year FY19* Operating Costs For personal use only H1 2019 H1 2018 H1 Change H1 Change Half 1 FY19 maintained strong focus on $'000 $'000 $'000 % cost control, labour efficiency and business Sales Revenue 20,831 18,481 2,350 13% optimisation Gross Profit Gross Profit Margin 5,181 25% 5,088 28% 93
Slide 6: Transformational Strategic Acquisition
Transformational Strategic Acquisition For personal use only Acquisition of Betta Milk On 13 May 2019, TasFoods entered into an agreement to purchase the milk processing assets and brands of the Betta Milk Co-Operative Society Limited. • Purchase price was approximately $11.5 million (net of complet
Slide 7: Betta Milk Complements and Strengthens TasFoods' Dairy Business
Betta Milk Complements and Strengthens TasFoods’ Dairy Business For personal use only The acquisition of Betta Milk is another step in TasFoods’ strategy to build a successful premium food business leveraging Tasmania’s unique environmental and marketing advantages. Strategic advantages include: • E
Slide 8: H2 2019 Synergies
H2 2019 Synergies For personal use only The acquisition of Betta Milk has created a number of cost saving and market expansion synergies for TasFoods’ operations Synergies that will be implemented in H2 2019: • Transfer of Tasmanian distribution of all TasFoods’ dairy • Consolidation of milk bottlin
Slide 9: Poultry Expansion
Poultry Expansion For personal use only Poultry Shed Expansion In July 2019 TasFoods completed a $2.5 million capital works program that centered around construction of 2 new mechanically ventilated chicken sheds. • Sheds will contribute a 10% increase in volume of chicken available for sale from Oc
Slide 10: Disclaimer
Disclaimer For personal use only 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