Greencore Group Plc · LSE:GNC

Greencore — Shareholder Meeting (January 2018)

9 slides from Greencore's shareholder meeting presentation, Jan 30, 2018

  1. Slide 1: Annual General Meeting

    Annual General Meeting 30 January 2018

  2. Slide 2: FY17 Results Summary

    FY17 RESULTS SUMMARY Change £m FY17 FY16 (as reported) Group Revenue 2,319.7 1,481.9 +56.5% (pro forma +9.4%) Adjusted Operating Profit 140.1 102.0 +37.4% Exceptional Items (78.2) (17.4) Adjusted Profit Before Tax 116.7 85.9 +35.9% Adjusted EPS (pence) 15.4 16.0 -3.8% Proposed DPS (pence) 5.47 5.47

  3. Slide 3: Growth & Progress in a Challenging Year

    GROWTH & PROGRESS IN A CHALLENGING YEAR Important progress… …but challenges too • Creation of exciting, strong, scale US • Substantial investment, restructuring business and one-off costs • Enhanced capacity, capability, market • Performance challenges in smaller position and momentum in UK parts of

  4. Slide 4: Strong Growth in UK – Driven by Food to Go

    STRONG GROWTH IN UK – DRIVEN BY FOOD TO GO Market growth FY17 11. 9% KEY DRIVERS  Growing underlying market, across channels, customers and 2.9% 3.0% formats Total UK Food UK Chilled Greencore pro  New business wins especially in Convenience forma* Food to Go Food to go growth FY17 18.8%  New cus

  5. Slide 5: US Strategy Reflects Convergence of Consumer & Supply Chain Trends

    US STRATEGY REFLECTS CONVERGENCE OF CONSUMER & SUPPLY CHAIN TRENDS DEMAND FOR FRESH GREENCORE US DEMAND FOR PREPARED FOOD OUTSOURCING Particular recent  Momentum in FY17, with demand for ‘high 6% ~7% pro forma volume care’ outsourcers growth 5-7% 4%  Complementary CPG & retail customer set 3%  Gr

  6. Slide 6: Integration of Peacock Foods on Track in US

    INTEGRATION OF PEACOCK FOODS ON TRACK IN US Progressing in line with plans  Single central office  Procurement optimisation  Overhead reduction  Systems integration (e.g. salad kits) 6

  7. Slide 7: Q1 Trading Statement

    Q1 TRADING STATEMENT  Good revenue growth in the quarter  UK  Scale of investment activity easing  Reorganisation on track  Disposal of Hull  US  Strong volume growth  Intensifying focus on network efficiencies  Group anticipates delivering a year of strong growth 7

  8. Slide 8: Greencore

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  9. Slide 9: Disclaimer – Forward Looking Statements

    DISCLAIMER – FORWARD LOOKING STATEMENTS Certain statements made in this document are forward‐looking. These represent expectations for the Group’s business, and involve risks and uncertainties. The Group has based these forward‐looking statements on current expectations and projections about future

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