Kerry Group Plc · EURONEXT:KRZ
Kerry — Q3 2015 Earnings Presentation
13 slides from Kerry's earnings presentation, Nov 3, 2015
Slide 1: Q3 Interim Management Statement 2015
< KERRY kerry VY w Q3 Interim Management Statement 2015 3 November 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: Q3 2015 Interim Management Statement
Q3 2015 Interim Management Statement Brian Mehigan CFO
Slide 4: Q3 YTD 2015 Highlights
Q3 YTD 2015 Highlights › Volume growth +3.2% Volume Growth 3.4% 3.2% › Taste & Nutrition +3.4% 2.6% › Consumer Foods +2.6% › Pricing -2.8% T&N Foods Group › Group trading margin up 40bps › Taste & Nutrition +40bps Margin Expansion 40 bps 40 bps › Consumer Foods +20bps 20 bps › Net Debt of €1.4bn › E
Slide 5: Q3 YTD 2015 Overview
Q3 YTD 2015 Overview › Changing marketplace - good Kerry performance in a challenging environment › Developed markets - broadly stabilised as ‘new consumer’ landscape continues to drive innovation › Taste & Nutrition positioning delivering success with great tasting, clean label, natural nutritious
Slide 6: Revenue Analysis
Revenue Analysis Q3 YTD 2015 Q3 YTD 2014 GROWTH YOY 4.3% VOLUME DISPOSAL/ CURRENCY 3.2% ACQUISITION 7.7% (3.8%) PRICE (2.8%) 6
Slide 7: Q3 YTD: Business Review – Taste & Nutrition
Q3 YTD: Business Review – Taste & Nutrition GROWTH Revenue +3.4%* Trading margin +40bps › Volume growth +3.4% › Price deflation of -2.9%, reflecting customer partnership arrangements 7.9% › Margin accretion of 40bps › Americas - Strong performance in meeting ‘new consumer’ needs › EMEA developed mar
Slide 8: Q3 YTD: Business Review – Consumer Foods
Q3 YTD: Business Review – Consumer Foods GROWTH Revenue +2.6%* Trading margin +20bps › Strong volume growth +2.6% › Business performance and efficiency programmes contributed 20bps margin growth › Price deflation of 2.4% › Ready meals - Good growth in both chilled & frozen › Snacking - Strong growth
Slide 9: Acquisitions Update
Acquisitions Update Market Leadership #1 Consumer #1 Ingredients & Flavours Foods Consumer Channel Nutrition & General Developing Customer 2015 Acquisitions Taste Wellness Markets Geography Red Arrow Island Oasis Wellmune Insight Beverages KFI Savory Baltimore Spice PST Rollover Ltd Direct-to-Store
Slide 10: Recent Acquisitions Announced
Recent Acquisitions Announced Global leader – authentic, Industry leader – natural, cold Natural immunity Technology clean smoke & grill taste speciality beverage systems enhancers Location US - WI (x2), Sweden, US - NY, OH, MA US - MN Germany Geographic Americas | EMEA | APAC Americas Americas | EM
Slide 11: Other Updates
Other Updates Global Technology › EMEA centre officially opened on 1 October 2015 & Innovation Centres › Investor Day held on 15 October 2015 › New 10 year €750 million bond issued in September, extending the maturity Debt Financing profile of Group debt - used to retire existing debt & fund acquisi
Slide 12: 2015 Outlook: Summary
2015 Outlook: Summary › Continued growth ahead of our markets › Good Innovation pipeline › Delivering in an era of unprecedented consumer change › Strengthening customer partnerships via our holistic business model › Capitalising on our market leading Taste & Nutrition positioning › Continued invest
Slide 13: KERRY
< KERRY kerry VY w Q3 Interim Management Statement 2015 3 November 2015