Neogen Corporation · NASDAQ:NEOG
Neogen — Investor Presentation (2010)
26 slides from Neogen's investor presentation, Nov 29, 2010
Slide 1: Annual Report cover represents Neogen's determination to excel
This year’s Annual Report cover represents Neogen’s determination to excel. 1
Slide 2: Representations believed accurate; review public filings at sec.gov
While we believe the representations in this presentation are accurate, investors are invited to review all publicly filed company documents at www.sec.gov. 2
Slide 3: Concerns that help drive our business
These are the kinds concerns that help drive our business. 3
Slide 4: Neogen founded in 1982 by Ted Doan and Jim Herbert
Neogen was founded in 1982 by Ted Doan who had recently retired from Dow Chemical, and Jim Herbert, former Vice President for DeKalb. The company received i d early l funding f di from f th Michigan the Mi hi St t University State U i it Foundation. F d ti 4
Slide 5: Neogen's mission has remained the same since the beginning
Neogen’s Mission has remained the same since the company’s beginning. 5
Slide 6: Management decided to distinguish the company from competitors
Early in its history, management decided the company needed to distinguish itself from its competitors. 6
Slide 7: Animal Safety and Food Safety business halves
For accounting purposes we cleave the business into two halves—Animal Safety and Food Safety, but we think of our business as Food Safety— serving i ffood d producers d and d processors att every point i t ffrom iinside id th the ffarm gate (Intervention Products) to the finished product (Diagnostic
Slide 8: Products compete in each animal safety segment
Neogen has products that compete in each segment of animal safety (intervention products) market. 8
Slide 9: Products address segments of large worldwide animal safety market
Neogen’s specific products address most segments of a large and diverse worldwide animal safety market. 9
Slide 10: Products compete in each food safety segment
Neogen has products that compete in each segment of the food safety (diagnostics products) market. 10
Slide 11: Food industry still uses techniques from the mid-1800s
Many in the food producing and processing industry still use techniques discovered and developed in the mid-1800’s. Neogen serves this market with ith itits Acumedia A di dehydrated d h d t d culture lt media di lilines. O Over titime, older ld methods th d are gradually replaced by more modern test
Slide 12: Products address the full scope of food producers' needs
Neogen products address the full scope of food producers’ and processors’ needs. 12
Slide 13: Business with the world's largest food producers and processors
We conduct business with the world’s largest food producers and processors. Every Tractor Supply Store features a display of Neogen’s Ideal Instrument line of products for the veterinarian, rancher, dairyman and farmer. 13
Slide 14: Revenue growth strong in food and animal safety
Revenue growth has been strong in both food and animal safety sides of the business. 14
Slide 15: Key strategies to promote future growth
Neogen employs key strategies to promote future growth. 15
Slide 16: AccuPoint Sanitation Monitor
Neogen’s AccuPoint Sanitation Monitor offers a quick, accurate reading of the cleanliness of a surface in a food production facility. Potential markets are large, l and d th the product d t iis experiencing i i rapidid growth. th 16
Slide 17: Acquisitions account for about half of historic growth
Neogen’s acquisitions account for approximately half of its historic growth rate. 17
Slide 18: BioKits and GeneSeek acquisitions
Neogen acquired BioKits from Gen-Probe subsequent to Gen-Probe’s purchase of Tepnel Life Sciences. Through this acquisition, Neogen now h ffood has d safety f t tests t t for f additional dditi l foods f d and d in i new formats, f t further f th enhancing the broadest product lines available. GeneS
Slide 19: International sales are growing
Neogen’s international sales are growing. We expect this trend to continue. 19
Slide 20: Income, revenue and earnings growth strong, margins healthy
Income, revenue and earnings growth are strong, and margins are healthy. 20
Slide 21: Neogen's balance sheet is solid
Neogen’s balance sheet is solid. 21
Slide 22: History of growth produced significant financial milestones
Neogen’s history of growth has produced significant financial milestones. 22
Slide 23: Strong fundamentals have resulted in financial community accolades
Neogen’s history of strong financial fundamentals and growth has resulted in accolades in the financial community. 23
Slide 24: Key facts about the company
Here are some key facts about the company, as of the most recent date shown. 24
Slide 25: Much to recommend Neogen as an investment opportunity
We believe there is much to recommend Neogen as an investment opportunity. 25
Slide 26: Neogen is well positioned for future growth
We believe Neogen is well positioned for a future of growth. 26