Tasfoods Limited · ASX:TFL
Tasfoods — Shareholder Meeting (May 2025)
23 slides from Tasfoods's shareholder meeting presentation, May 12, 2025
Slide 1: TasFoods Ltd Annual General Meeting
TasFoods Ltd (TFL.ASX) Annual General Meeting 12 May 2025 Chairman: John Murphy CEO: Joshua Fletcher
Slide 2: Procedural
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Slide 3: TasFoods Board of Directors
TasFoods Board of Directors JOHN JOHN O’HARA BEN SWAIN JOSHUA GREG STONES MURPHY Non-Executive Non-Executive FLETCHER Non-Executive Non-Executive Director Director Executive Director Chairman Director 3
Slide 4: TasFoods Executive
TasFoods Executive JOSHUA FLETCHER Chief Executive Officer LEANNE PRITCHARD Chief Financial Officer and Company Secretary 4
Slide 5: Order of Proceedings
Order of Proceedings CHAIRMAN’S ADDRESS CEO ADDRESS ITEMS OF BUSINESS Item 1: Consideration of Financial Statements Resolutions: 1: Adoption of Remuneration Report 2: Election of Director – Mr Greg Stones 3: Election of Director – Mr Joshua Fletcher 5
Slide 6: Chairman's Address
Chairman’s Address
Slide 7: TasFoods Strategic Lens
TasFoods Strategic Lens Four key pillars to enable the business to build a strong foundation and realise its potential Nichols Poultry Pet Treat Market Pyengana Dairy Strengthen our Build a path to scale Isle Expand product Operational cost base and Sky via sales and portfolio and ranging leveraging
Slide 8: Significant actions delivered on our path forward in Extremely Challenging Market
Significant actions delivered on our path forward in Extremely Challenging Market Following the significant restructure in 2023 TasFoods has become a streamlined and simplified business • This has aided the company to best navigate the challenging market dynamics in FY2024 and into 2025 particularly
Slide 9: FY24 Results
FY24 Results Extremely Challenging market conditions with oversupply chicken FY24 Profit & Loss • Total Revenue for continued operations of $46.8m down 3.7% on prior year; • Group Operating EBITDA for continued operations loss of $2.3m compared with $3.5m loss in prior year; • Net Loss After Tax of
Slide 10: Investor Relations
Investor Relations Committed to being an accessible and transparent company • Investor relations activities will continue throughout the year Reporting against our strategy and key initiatives; Continuing to highlight the opportunities intrinsic to the TasFoods business; Updating on the evolvi
Slide 11: Remuneration
Remuneration Fit for purpose, aligned with strategy and stage of company lifecycle • Remuneration approach considered annually to ensure it is fit for purpose; • FY24 STI weighted towards financial performance and an EBITDA performance hurdle – Nil STI paid in FY24; • Linking of remuneration at-risk
Slide 12: Path Forward
Path Forward We are razor focused on building a more robust and stable business with consistent results • Our immediate priorities are: o Strengthening the Poultry Supply Chain: Progressing initiatives to strengthen our poultry grower network, improving supply reliability and building on our relatio
Slide 13: Building a path to robust sustainable earnings
Building a path to robust sustainable earnings Poultry remains an affordable, healthy, and widely favored protein of choice, with Nichols Poultry standing out Strength & as a unique and trusted brand in Tasmania; Consolidate Nichols Poultry has a long-term strong relationship with major customers
Slide 14: Thank you
Thank you For your continued support in a very challenging environment In a very challenging market environment for Food and Beverage companies we thank everyone on the TasFoods journey with us: • All of our employees led by Josh and the leadership team; • Our customers; • Our suppliers; • Our share
Slide 15: CEO Address
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Slide 16: Financial Performance – continued and discontinued operations
Financial Performance – continued and discontinued operations • Operating EBITDA for 2024 for continued Continued operations Discontinued operations Consolidated operations was $2.3 million loss, which was 2024 Shared Shared $1.3m or 35% improvement on the previous Dairy Poultry Total Dairy Horticul
Slide 17: Profit and loss – Consolidated Group
Profit and loss – Consolidated Group Profit or Loss ($000’s) FY2024 FY2023 • Consolidated NPAT loss of $10.5m (continued and discontinued Income Total Consolidated operations), inclusive of a $6m non-cash impairment of Nichols Revenue from operations 46,054 74,052 Poultry assets, was $9.5m higher co
Slide 18: Balance sheet
Balance sheet $000's FY2024 FY2023 • The Group is supported by a balance sheet with a net asset Current Assets position of $7.1m (noting PP&E balances of $10.7m). Cash & Cash Equivalents 485 3,432 Trade & Other Receivables Biological Assets 2,005 2,805 3,209 3,487 • Closing cash as at 31 December 20
Slide 19: Cash flow
Cash flow $000's FY2024 FY2023 Cash flows from operating activities Receipts from customers 47,188 48,586 • Net cash outflows from operating activities were $2.4m (continued Payments to suppliers and employees (48,796) (51,355) and discontinued operations) for the year (2023: $3.5m) which is Interes
Slide 20: Simplified brand hierarchy and applied a focused sales channel strategy
Simplified brand hierarchy and applied a focused sales channel strategy Brands & Product Strategy Sales Channels Brand that reflects artisan provenance and Tasmanian heritage, Retail targeted at food lovers seeking authenticity. Brand that reflect sustainability and animal welfare. Pet owners who wa
Slide 21: Path Forward: Expand Isle & Sky Pet Treats Range
Path Forward Expand Isle & Sky Pet Treats Range: Current Product Range • Established a 3 Year Sales and Distribution Agreement with Natures Best (Pet Solutions International) April 2025 to accelerate the growth of our Isle and Sky brand but also to utilize our waste stream in the broader range of pr
Slide 22: Path Forward: Advance Pyengana Dairy's Potential
Path Forward Advance Pyengana Dairy’s Potential: • Targeting achieving export accreditation Pyengana Dairy in June 2025; • Expanding our product range (shorter maturation cheeses, flavoured varieties and soft rind cheese) and distribution in domestic markets Q4 2025; • Refreshing and leveraging our
Slide 23: Formal Business of Meeting
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