Tate & Lyle Plc · LSE:TATE
Tate & Lyle — Shareholder Meeting (July 2008)
19 slides from Tate & Lyle's shareholder meeting presentation, Jul 23, 2008
Slide 1: Annual General Meeting
Annual General Meeting 23 July 2008
Slide 2: Annual General Meeting
Annual General Meeting Iain Ferguson, Chief Executive 23 July 2008
Slide 3: Agenda
Agenda Strategy Share price Key results Reshaping the business Outlook and conclusion 3
Slide 4: What is Tate & Lyle?
What is Tate & Lyle? Tate & Lyle is a world-leading manufacturer of renewable food and industrial ingredients. We use innovative technology to transform corn and sugar into quality ingredients used by millions of people every day. Our strategy is to build a stronger value added business on a low-cos
Slide 5: Agenda
Agenda Strategy Share price Key results Reshaping the business Outlook and conclusion 5
Slide 6: Total Shareholder Return: One year relative performance
Total Shareholder Return One year relative performance Tate & Lyle FTSE 100 ASX Food Producers 110 100 90 80 70 60 50 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 2007 2008 Source: Bloomberg, Datastream 6
Slide 7: Total Shareholder Return: Five year relative performance
Total Shareholder Return Five year relative performance Tate & Lyle FTSE 100 ASX Food Producers 280 260 240 220 200 180 160 140 120 100 80 03 04 05 06 07 08 Source: Bloomberg, Datastream 7
Slide 8: Agenda
Agenda Strategy Share price Key results Reshaping the business Outlook and conclusion 8
Slide 9: Key Results
Key Results Year to 31 March 2008 Continuing operations* vs FY 2007 Profit Before Tax1 £244m Down 7% Core Value-Added Food Ingredient £89m Up 13 % Operating Profit Constant Ingredients, Americas currency £186m Up 13% Operating Profit Diluted EPS1 32.7p Down 8% Dividend 22.6p Up 1.1p, 5% 1 Before exc
Slide 10: Divisional results
Divisional results Year to 31 March 2008 Food & Food & Industrial Industrial Ingredients, Ingredients, Sugars Sucralose Americas Europe (TALFIIA) (TALFIIE) Sales £1 386m Sales £461m Sales £1 429m Sales £148m Profit £186m Profit £41m Profit £24m Profit £66m Margin 13.4% Margin 8.9% Margin 1.7% Margin
Slide 11: Agenda
Agenda Strategy Share price Key results Reshaping the business Outlook and conclusion 11
Slide 12: Reshaping the business
Reshaping the business Calendar of significant events Year to 31 March 2006 Custom Ingredients and Cesalpinia EU acquired; Bio-PDO™ facility construction completed; Eastern Sugar closed Year to 31 March 2007 Expansion of McIntosh, Alabama SPLENDA® Sucralose facility complete Year to 31 March 2008 1Q
Slide 13: Major milestones
Major milestones New corn wet milling plant in Fort Dodge, Iowa COMMODITY FLYWHEEL 13
Slide 14: Major milestones
Major milestones New corn wet milling plant in Fort Dodge, Iowa VALUE ADDED COMMODITY FLYWHEEL 14
Slide 15: Major milestones
Major milestones New corn wet milling plant in Fort Dodge, Iowa Over 1 million cubic metres of soil moved 42,000 cubic metres of concrete poured 65,000 tonnes of structural and reinforcing steel used 23 miles of pipe used to connect equipment 200 ethanol rail tank cars and 75 railroad hopper cars pu
Slide 16: Major milestones: Sugars
Major milestones Sugars Celebrating 130 years of sugar refining in London 16
Slide 17: A stronger business with a strong management team
A stronger business with a strong management team Iain Ferguson, Chief Executive Matt Wineinger Olivier Rigaud Karl Kramer Ian Bacon Dr. Bob Fisher John Nicholas Robert Gibber President, President, President, Chief Executive, President, Group Company Secretary Food & Industrial Food & Industrial Suc
Slide 18: Agenda
Agenda Recap on strategy Share price Key results Reshaping the business Outlook 18
Slide 19: Outlook for Year to March 2009
Outlook for Year to 31 March 2009 • We are on track to make progress for the year as a whole • Focus for management: deliver returns on invested asset base Our business is well invested, well resourced and well positioned for growth 19