Premier Foods Plc · LSE:PFD
Premier Foods — Merger or Acquisition (August 2025)
7 slides from Premier Foods's merger presentation, Aug 21, 2025
Slide 1: Merchant Gourmet overview
Merchant Gourmet overview 21 August 2025
Slide 2: What is Merchant Gourmet?
What is Merchant Gourmet? “On a mission to make everyday meals a little more gourmet” 1 Obsessed with creating great-tasting products, Taste using the best ingredients and simple flavours to let the real food shine through 2 Ready to serve in 90 seconds or eat straight from Simplicity the pouch – ma
Slide 3: An attractive high growth brand
An attractive high growth brand Great tasting, convenient, premium, healthy products with a loyal consumer base fibre healthy premium convenience whole foods +++ 1 2 3 4 5 Strong double-digit Exceptionally high sales growth & Strong consumer Track record of Complementary to consumer market leading t
Slide 4: Opportunity to leverage our Branded Growth Model
Opportunity to leverage our Branded Growth Model as we have done with The Spice Tailor & FUEL10K £££ 1 2 3 4 5 Further Strong product Upweight Further category Build profitability retailer distribution innovation pipeline brand expansion potential further opportunities to come investment 4
Slide 5: The product range by sub-category
The product range by sub-category Ready to Eat Pulses & Grains 14 Meals in minutes 7 (Plain & Global flavours) SKUs SKUs Microwaveable rice 6 Mushrooms & Chestnuts 8 SKUs SKUs 5
Slide 6: Revenue by category and customer
Revenue by category and customer Revenue by sub-category Revenue by customer 70% 35% 60% 30% 50% 25% 40% 20% Recently launched 30% 15% & high growth 10% 20% 5% 10% 0% 0% RTE Plain Pulses RTE Flavoured Mushrooms & Microwaveable Meals in Other Top 4 Mults Other major Foodservice Online Other & Grains
Slide 7: Transaction details
Transaction details 1 Premier Foods will acquire 100% of Merchant Gourmet for an Enterprise value of £48m, on a cash free and debt free basis 2 Revenues of c.£28m1 with strong double-digit growth over last two years 3 Valuation implies high single-digit EV/EBITDA multiple2 and expected to be earning