Glanbia Plc · EURONEXT:GL9

Glanbia — Merger or Acquisition (October 2018)

9 slides from Glanbia's merger presentation, Oct 11, 2018

  1. Slide 1: Glanbia acquisition

    Glanbia acquisition Analyst call 11 October 2018 1

  2. Slide 2: Cautionary Statement

    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 economic and

  3. Slide 3: Acquisition Highlights

    Acquisition Highlights Well-established brand in a strategic adjacency to the GPN portfolio Strong brand position in an attractive & growing global category Enterprise value $350 million Earnings accretive from 2019 3 Acquisition of SlimFast

  4. Slide 4: Attractive portfolio

    Attractive portfolio 98% brand Ready-to-drink Ready-to-mix Nutritional awareness (“RTD”) (“RTM”) Supplements Lifestyle consumers North America and UK Strategic rationale  Meets the #1 motivation for our lifestyle consumers Primary  Incremental growth category to performance nutrition channel  Pro

  5. Slide 5: Core need of lifestyle consumers

    Core need of lifestyle consumers  Managing weight is #1 motivation  Nutrition with regular exercise aligns with GPN lifestyle consumer  RTD and snacks most popular formats to achieve this  Favoured channel FDMC  SlimFast has one of the highest levels of brand awareness in the Source: Glanbia Ca

  6. Slide 6: Large and growing Category

    Large and growing Category Weight management nutrition products US 33% $8bn in value Constant Currency Global market (RSV) growth rate 2018 MSD% RoW 67% Source: Euromonitor and Glanbia estimates 6 Acquisition of SlimFast

  7. Slide 7: Financials

    Financials  Purchase consideration $350m SlimFast Financials  Closing before the end of 2018 2017 $’m  Transaction will be financed by available banking facilities Net Sales 212  A growing business at c.11% Adj. EBITDA 24 EBITA margin Adj. EBITA 23  Earnings accretive from 2019 Adjusted EBITDA

  8. Slide 8: Conclusion

    Conclusion Strategic adjacency addressing a core consumer need Attractive growing market incremental to Performance Nutrition Great capability and scale in FDMC Earnings accretive from 2019 8 Acquisition of SlimFast

  9. Slide 9: Questions?

    Questions? glanbia

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