Glanbia Plc · EURONEXT:GL9
Glanbia — Q3 2021 Earnings Presentation
18 slides from Glanbia's earnings presentation, Nov 10, 2021
Slide 1: Glanbia plc Q3 2021
Glanbia plc Q3 2021 10 November 2021 Group Managing Director Group Finance Director
Slide 2: Important notice
2 Glanbia plc | Quarter 3 2021 presentation Important notice This presentation contains forward-looking statements. These statements have been made by the Directors in good faith based on the information available to them up to the time of their approval of this presentation. Due to the inherent unc
Slide 3: Q3 2021 Results summary
3 Glanbia plc | Quarter 3 2021 presentation Q3 2021 Results summary Glanbia delivers strong Q3 YTD; wholly-owned revenue +15.7% cc GPN LFL Branded revenue +25.2% cc GN Nutritional Solutions volume +15.7% cc Strong cash conversion, net debt reduced by €39 million to €589 million Announcing proposed s
Slide 4: 2021 Strategic update and outlook
4 Glanbia plc | Quarter 3 2021 presentation 2021 Strategic update and outlook On schedule for targeted results Acquired PacMoore, in NS, for $52 million Maintain supply chain delivery Delivering revenue growth and efficiencies Completed second share buyback Manage cost inflation returning €100 milli
Slide 5: Proposed sale of PLC stake in Glanbia Ireland
5 Glanbia plc | Quarter 3 2021 presentation Proposed sale of PLC stake in Glanbia Ireland Description Strategic rationale Transaction details Glanbia has signed a memorandum of Enables both shareholders to focus Selling price €307 million understanding with Glanbia Co-op to on their respective strat
Slide 6: Glanbia Performance Nutrition Q3 2021 review
Glanbia Performance Nutrition Q3 2021 review
Slide 7: GPN Q3 YTD 2021 update
7 Glanbia plc | Quarter 3 2021 presentation GPN Q3 YTD 2021 update +25.2% Q3 YTD 2021 Revenue Progression, cc 25% 0.8% Americas 20% 4.4% • Strong performance driven by Optimum Nutrition • Price increase implemented during Q3 15% • Ongoing headwinds in Diet category International • ASPAC and Middle E
Slide 8: Leading brands positioned for growth
8 Glanbia plc | Quarter 3 2021 presentation Leading brands positioned for growth Brand health Brand health • 12 week consumption to 3 October 2021 in NA • 12 week consumption to 3 October 2021 in NA measured measured channels* +18.6% channels* -8.8% Category update Category update • Strong performan
Slide 9: Glanbia Nutritionals Q3 2021 review
Glanbia Nutritionals Q3 2021 review
Slide 10: Glanbia Nutritionals Q3 2021 update
10 Glanbia plc | Quarter 3 2021 presentation Glanbia Nutritionals Q3 2021 update Q3 2021 Revenue Progression, cc 20% 16% Volume (6.6%) • Strong customer demand across all business segments 12% 1.0% Price • Price related to lower year-on-year cheese markets 18.2% 8% Acquisition 4% • ‘PacMoore’ is a U
Slide 11: Nutritional Solutions Q3 2021 update
11 Glanbia plc | Quarter 3 2021 presentation Nutritional Solutions Q3 2021 update +15.7% Q3 2021 Revenue Progression, cc 20% 3.3% Volume 1.9% • Strong volume performance in micro-nutrients and 15% healthy snacking solutions • Consumer trends accelerating demand Price 10% • Driven by healthy snacking
Slide 12: US Cheese Q3 2021 update
12 Glanbia plc | Quarter 3 2021 presentation US Cheese Q3 2021 update Q3 2021 Revenue Progression, cc 20% Volume • Q3 volumes driven by new Joint Venture capacity fully 16% commissioned during the year (10.1%) 12% Price • Price decline driven by lower cheese markets 19.3% 8% 4% 0% Volume Price “cc”
Slide 13: Finance Q3 2021 review
Finance Q3 2021 review
Slide 14: Strong Cash Flow and Balance Sheet
14 Glanbia plc | Quarter 3 2021 presentation Strong Cash Flow and Balance Sheet Q3 2021 Q3 2020 Cash Net Debt €589m €628m generative Net debt: Adjusted 1.50X 1.95X EBITDA • Rolling 12 months operating cash flow well ahead of 80% target Facilitating Balance • Strong balance sheet facilitates investme
Slide 15: Capital Allocation
15 Glanbia plc | Quarter 3 2021 presentation Capital Allocation Expect to invest in FY 21 Invested €84 million In last 12 months Policy
Slide 16: Conclusion
Conclusion
Slide 17: Conclusions
17 Glanbia plc | Quarter 3 2021 presentation Conclusions Good revenue momentum in Q3 2021 with trends continuing into Q4 Strategic initiatives on track and navigating inflation through pricing and efficiencies Strong balance sheet to fund growth Positive outlook; in FY 21 Adjusted EPS growth, consta
Slide 18: Questions
Questions