Neogen Corporation · NASDAQ:NEOG
Neogen — 45th Annual William Blair Growth Stock Conference 2025
11 slides from Neogen's conference presentation, Jun 4, 2025
Slide 1: William Blair Growth Stock Conference
William Blair Growth Stock Conference June 4, 2025
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This presentation includes “forward-looking statements” as that term is defined in Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on Neogen’s curr
Slide 3: Our Purpose and Our Vision
Global food security is a lofty goal. Our Purpose But it’s one we’re uniquely positioned to We’re fueling a brighter future for global support. For over 40 years we’ve made it our food security. mission to help keep our food supply safe. To further human and animal well-being. Our Vision To champion
Slide 4: Global Leader in Food Security
Global Leader in Food Security Food Safety Animal Safety Helping to Protect the Food Supply Supporting Wellbeing • Food safety products that reach all segments of the • Develop solutions for animal protein, animal food, beverage and feed industries performance and companion animal segments • Solutio
Slide 5: Neogen + Former 3M Food Safety Business
Neogen + Former 3M Food Safety Business Strategic Shift of Portfolio Towards Food Safety Neogen Former 3M Food Safety Combined Company 0% 10% 18% 38% 26% REVEN UE REVEN UE REVEN UE 64% 44% 100% Food Safety Animal Safety Genomics Food Safety Animal Safety Genomics Food Safety Animal Safety Genomics F
Slide 6: Leading Portfolio of Consumables
Leading Portfolio of Consumables Indicator Testing and Bacterial and Allergens Culture Media General Sanitation and Natural Toxins Animal Safety Products Genomics Rapid Indicator Solutions Pathogen Detection Allergen Testing Veterinary Instruments, Production Animal Animal Care Culture Media Hygiene
Slide 7: Well-Positioned to Address Global Food Security Challenges
Well-Positioned to Address Global Food Security Challenges …with Attractive Long-Term …Addressed by a Comprehensive Serving Large and Growing Markets… Fundamentals… Offering of Global Solutions Est. Market Size Est. LT Growth Rate Significant Tailwinds Product Categories • Increasing prevalence of f
Slide 8: Transformational Journey
Transformational Journey • Significant progress made on Neogen’s transformational journey following the acquisition of the former 3M Food Safety division that made Neogen the leader in Food Safety • Approaching three years into an expected integration of roughly four years, six key workstreams have
Slide 9: Q4 FY25 Update
Q4 FY25 Update • Preliminary view suggests Q4 revenue will materially approximate guidance ‒ Transitory headwinds expected to negatively impact gross margin ‒ Adjusted EBITDA margin anticipated to be in the high-teens range • Market conditions remained soft as Q3 weakness carried through Q4 ‒ Contin
Slide 10: Targeted Improvement Plan: Growth Acceleration and Margin Expansion
Targeted Improvement Plan Priority Improvement Actions Growth Acceleration and Margin Expansion Accelerate Food Safety growth to consistently above-market rates (MSD+ long-term market growth rate) ‒ Drive share gains in North America – return to growth rates of MSD or above ‒ Continued internation
Slide 11: Investment Highlights
Investment Highlights • Clear leader in attractive Food Safety end market with long-term, secular tailwinds, including increasing regulatory interest • Portfolio of over 95% consumable products, cost of which is insignificant relative to potential costs resulting from inadequate testing • Opportunit
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