Glanbia Plc · EURONEXT:GL9
Glanbia — Barclays Consumer Staples Conference 2017
22 slides from Glanbia's conference presentation, Sep 5, 2017
Slide 1: Glanbia plc Barclays Consumer Staples Conference
Glanbia plc Barclays Consumer Staples Conference Boston 05 September 2017 Siobhan Talbot Group Managing Director
Slide 2: Cautionary Statement
glanbia Cautionary Statement 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 uncertainties, including both econo
Slide 3: Glanbia Overview
Glanbia Overview Barclays Consumer Staples Conference 2017
Slide 4: Group Overview – Global Business
Glanbia Group Overview – Global Business 2016 Total Group Revenue MARKET CAP* €1,079m €5BN GLANBIA €1,007m JOINT PERFORMANCE VENTURES & NUTRITION ASSOCIATES 67%* EMPLOYEES €1,224m 6,200 2016 Total Group EBITA €57m €162m GLANBIA COUNTRIES NUTRITIONALS 32 €111m 83%* *Contribution of Glanbia Performanc
Slide 5: Glanbia growth model – Consistent returns
Glanbia growth model – Consistent returns +12.5% CAGR €57m €29m Growth underpinned by €43m 2016 EBITA: GPN & GN 2010 EBITA: Disciplined investment in €331m €162m €30m €163m growth capex and acquisitions €111m €62m JVs: efficient use of capital Glanbia Performance Nutrtition Glanbia Nutritional
Slide 6: Track Record of earnings & margin growth
Track Record of earnings & margin growth Adjusted earnings per share* EBITA margin* 11.4% CAGR from 2001 to 2016 +870bps from 2001 to 2016 90c 13.0% 80c 12.0% 70c 11.0% 10.0% 60c 9.0% 50c 8.0% 40c 7.0% 30c 6.0% 20c 5.0% 10c 4.0% 0c 3.0% *2016 adjusted earnings per share and EBITA margin calculations
Slide 7: Track record of strong strategic execution
Track record of strong strategic execution 1 Organic growth projects & strategic alliances CHEESE & SPIN OUT OF SPECIALTY DAIRY WHEY IRISH DAIRY GRAIN INGREDIENTS SPIN OUT OF NEW CHEESE EXPANSION, PROCESSING INGREDIENTS, FACILITY, DAIRY IRELAND JV, MICHIGAN NEW MEXICO ASSETS SOUTH DAKOTA IRELAND 201
Slide 8: Track record of strong strategic execution: Disciplined M&A
Track record of strong strategic execution 2 Disciplined M&A 2008 2011 2012 2014 2016 2017 ASEPTIC SOLUTIONS USA Barclays Consumer Staples Conference 2017 | Slide 8
Slide 9: Strong Financial Metrics
Strong Financial Metrics 11.2% Growth in Adj. EPS in FY 2016 (constant 12.9% FY 2016 Return on Capital Employed currency), the 7th year of double digit growth 1.2x Net debt : Adj. EBITDA1 87.6% Conversion of EBITDA to FCF in FY 2016 FY 2016 1. Definition of net debt, adjusted EBITDA and adjusted EBI
Slide 10: Glanbia Performance Nutrition
Glanbia Performance Nutrition Consumer branded products
Slide 11: Performance Nutrition Revenue & EBITA
Glanbia Performance Nutrition Millions Revenue & EBITA Millions €1,100 Performance nutrition $12bn category* €200 €900 Revenue Glanbia - market leader EBITA €150 €700 €100 Growth driven by brand development €500 Revenue EBITA €50 and strategic acquisitions 2014 2015 2016 EBITA Margin 14.7% 16.1% 12.
Slide 12: GPN Brand portfolio
GPN Brand portfolio PERFORMANCE LIFESTYLE Consumer Barclays Consumer Staples Conference 2017 | Slide 12
Slide 13: Trends driving growth
Trends driving growth Convenience Direct-to-consumer Plant Nutrition Consumer shift towards DTC strong trend in category Plant-based nutrition snacking experiencing strong growth Acquisition of Body & Fit Innovative brand extensions provides a platform in Europe Amazing Grass well such as ON Cake Bi
Slide 14: Glanbia Nutritionals
Glanbia Nutritionals Business-to-business food ingredients
Slide 15: Nutritionals Revenue & EBITA
Glanbia Nutritionals 2016 Revenues Millions Revenue & EBITA Millions €1,250 €130 €120 Nutritional Revenue €1,200 EBITA Solutions €110 €488m €1,150 US Cheese €100 €736m Revenue EBITA €1,100 €90 2014 2015 2016 EBITA Margin 9.1% US Cheese is a leading producer of American- 8.5% 8.8% style cheddar chees
Slide 16: GN Plays into Growing End Markets
GN Plays into Growing End Markets GN End Markets Nutritional Solutions serves customers in a variety of growing end markets aligned to consumer trends Nutrition Functional enhanced nutrition mainstream Protein food & Enrichment beverage Cheese Life stage Nutritional Convenience nutrition Functionali
Slide 17: Joint Ventures & Associates
Joint Ventures & Associates Business-to-business dairy food ingredients
Slide 18: Joint Ventures & Associates
Joint Ventures & Associates 2016 Pro-forma Revenue from 3 scale dairy processing the JVA’s (Glanbia share) businesses (% ownership) Southwest Cheese (50%) €370m Large-scale US cheese & whey producer Total €591m €1,079m Glanbia Cheese (51%) Leader in mozzarella cheese in the EU €118m Glanbia Ireland*
Slide 19: Summary & Outlook
Summary & Outlook Barclays Consumer Staples Conference 2017
Slide 20: Summary & Outlook
Summary & Outlook Pro-forma adjusted EPS Half Year 2017 Results Full Year 2017 Outlook +7-10%(cc) CC denotes constant currency *Pro-forma adjusted EPS for continuing operations assumes that the Dairy Ireland Barclays Consumer Staples Conference 2017 | Slide 20 divestment occurred at the beginning of
Slide 21: Questions & Answers
Questions & Answers Barclays Consumer Staples Conference 2017
Slide 22: Delivering better nutrition for every step of life's journey
Delivering better nutrition for every step of life’s journey Glanbia plc Glanbia House Kilkenny, Ireland +