Pure Foods Tasmania Ltd. · ASX:PFT
Pure Foods Tasmania — Shareholder Meeting (November 2023)
19 slides from Pure Foods Tasmania's shareholder meeting presentation, Nov 24, 2023
Slide 1: Annual General Meeting – CEO Presentation
Pure Foods Tasmania Ltd (ACN 100 -104 Mornington Rd Mornington TAS 7018 ASX: PFT +61 3 6231 4233 www.purefoodstas.com ASX Release 24 November 2023 Annual General Meeting – CEO Presentation In accordance with Listing Rule 3.13.3, I attach the presentation to be given by the CEO at PFT’s Annual Genera
Slide 2: AGM FY23
AGM FY 23 Friday 24th November 2023 (ASX:PFT)
Slide 3: About Us
About Us Pure Foods Tasmania Pty Ltd (PFT) was formed Strategy in 2015 with the aim to enhance and promote Tasmania’s food and beverage businesses. PFT’s growth strategy encompasses several key themes: PFT’s strategy is to develop new products within 1. organically grow its existing brands; its exis
Slide 4: Highlights FY23
Highlights FY23 Group revenue of $9.7m v $10.1m in FY22; the decline in revenue was attributed to Woodbridge Smokehouse Distribution of our brands has increased to over 3,500 active customers EBITDA for FY23 ($1.4m) v ($2.7m) in FY22; this was an improvement of $1.3m on FY22 Cost savings from operat
Slide 5: Highlights FY23 (continued)
Highlights FY23 (continued) Potato & Gravy was launched into Woolworths Queensland & Tasmania along with Coles ranging in Victoria and Tasmania Four new Daly frozen products were launched in 850 Woolworths stores nationally This new ranging of Daly frozen products delivered the largest order PFT has
Slide 6: Consumable Quantities for FY23
Consumable Quantities for FY23 277T 46.5T 8.3T Potatoes Cabbage Cashews 2% from FY22 9% from FY22 28% from FY22 130T 24.9T 4.0T Chicken Livers Cream Cheese Spring Onion 9% from FY22 9% from FY22 74.6T 11.1T 3.0T Salmon Carrots Broccoli 6% from FY22 10% from FY22 21,500L 11.5T Cashew Ice Cream Gravy
Slide 7: Business & Financial Summary
Business & Financial Summary Sales Volume by Production Group Growth Markers Active Customers Australia Wide New SKUs Launched in FY23
Slide 8: Business & Financial Summary
Business & Financial Summary Revenue by Region Revenue by Revenue by Brand Customer Segment
Slide 9: Sale of Lauds to focus on high demand for Daly products
Sale of Lauds to focus on high demand for Daly products & 30% uplift in Group revenue for October • We are pleased to announce the sale of Lauds Plant-Based Foods business; • The sale will provide cash ~ $220,000, release labour to assist in the production of Daly products, which are enjoying unprec
Slide 10: Brand Update
BRAND UPDATE 9
Slide 11: Tasmanian Pate
• Continues to grow with sales of $4.2m in FY23; new skus’s were launched into IGA , Coles and Woolworths during the year. • FY24 is also looking strong with two new white label products secured with major retailers • New PET 100% recyclable trays were also introduced in FY23
Slide 12: Woodbridge Smokehouse
Woodbridge Smokehouse WBSH sales were $1.5m for FY23. Sales were impacted by our decision to delete unprofitable lines, returning WBSH to a profitable business unit in FY23 We are seeing WBSH now returning to growth in FY24 Both Huon and Petuna have exited the value-added cold smoked product space,
Slide 13: Daly Potato Co.
Daly Potato Co. Daly Potato Co. recorded sales revenue of $2.8m in FY23 up 9% on FY22. Daly frozen range demand continues to exceed supply with four flavours ranged into 850 Woolworth stores nationally. Orders have remained strong and we are looking at options to increase capacity Potato & Gravy lau
Slide 14: Internal rate of return is five times PFT's cost of capital
New technology will improve P&G Two kettles and dosing unit is a $298k investment, improving quality and shelf life Increased shelf life from 15 days to 30 days improves supply chain, reduces waste, opens further distribution opportunities to other States (NSW and SA) Production capacity increase of
Slide 15: Ice Cream jumps into summer
Ice Cream jumps into summer October FY23 sales up by 17% v pcp New automated filling line 100% commissioned, increasing capacity by 300% with improved quality and efficiencies New 1L Tubs launching into IGA stores nationally from Nov23; opportunity is 1,500 stores Two new flavours of 1L Tubs coming
Slide 16: Focus on Sustainable Packaging
Focus on Sustainable Packaging PFT is committed to improving our environmental footprint by improving our product packaging and using innovative materials to help reduce waste. Tasmanian Pate Packaging Daly Potato & Gravy Bowl and Lid We are pleased to report that we have taken positive steps Our ne
Slide 17: October Group Revenue YTD +30% v pcp
October Group Revenue YTD +30% v pcp • Revenue for the month strongly underpinned by Daly division +90% v pcp driven by frozen and P&G range; • Tas Pate secures national contract to supply national retail with white label product; • Cashew Creamery sales up 17% v pcp with new automated line fully co
Slide 18: Fully paid ordinary shares and holders
There are 109,739,914 fully paid ordinary shares, held by 2,059 individual holders.
Slide 19: Authorisation and contact details
This presentation has been authorised for release and approved by the Board of PFT. For further information, please contact: Unless otherwise stated all financials results are unaudited Michael Cooper Managing Director +61 419 124433
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