Slide 1: Q3 2020 IMS
Q3 2020 IMS 4 November 2020
Slide 2: Disclaimer: Forward Looking Statements
Disclaimer: Forward Looking Statements This presentation/announcement may contain forward looking statements with projections regarding, among other things, the Group’s strategy, revenues, earnings, trading profit, trading margin, finance costs, tax rate, capital expenditure, dividends , cash flow,
Slide 3: Q3 2020 IMS
Q3 2020 IMS 1 Overview Performance 2 Review 3 Future Prospects Edmond Scanlon, Marguerite Larkin, Chief Executive Officer Chief Financial Officer © Kerry 2020 | 3 |
Slide 4: Overview – Managing Through Unprecedented Times
Overview – Managing Through Unprecedented Times Foodservice Recovering Retail Performance Strategic Acquisitions Strong Q3 recovery in Growth driven by increased Further enhanced leading foodservice channel demand for health & wellness technology portfolio and presence supported by innovations and a
Slide 5: Performance Overview
Performance Overview Strong progress in volume and margin recovery in third quarter Q3 YTD 2020 Quarterly Volumes • Group volume -4.7% 1.2% 0.2% • Taste & Nutrition -4.4% -1.9% -2.1% • Consumer Foods -6.1% -11.8% T&N Group -11.6% • Group trading margin -130bps Quarterly Margins • Taste & Nutrition -
Slide 6: Group Revenue Analysis
Group Revenue Analysis Q3 YTD Q3 YTD 2019 2020 -4.5% Volume Volume Translation 3.6% Acquisitions currency -4.7% -1.1% 1.0% Price 0.3% © Kerry 2020 | 6 |
Slide 7: Business Review – Taste & Nutrition
Business Review – Taste & Nutrition Continued recovery in Foodservice, with ongoing strength in Retail • Overall YTD volume reduction of 4.4%, reflecting continued recovery (Q3: -1.9% | Q2: -11.8%) • Foodservice channel volumes declined 23% year to date (Q3: -15% | Q2: -49%) Volumes by Channel 10% F
Slide 8: Taste & Nutrition – Business Performance by Region
Taste & Nutrition – Business Performance by Region Americas Europe APMEA -3.5% -6.6% -3.9% Q3: -3% | Q2: -11% Q3: -2% | Q2: -17% Q3: 0% | Q2: -8% • North America retail delivered • Retail delivered good growth • Retail continued to deliver strong strong growth – led by Beverage, in Beverage, Snacks
Slide 9: Business Review – Consumer Foods
Business Review – Consumer Foods Good recovery in Q3, with strong performances within the portfolio • Underlying growth offset by the effect of ready meals contract exit in prior year, resulting in an overall YTD volume reduction of 6.1%¹ Everyday Fresh • Richmond – strong growth in traditional and
Slide 10: Other Financial Matters
Other Financial Matters Kerryconnect North American deployment progressing well Raw Materials Minor input cost inflation driven by Consumer Foods Net Debt €1.8 bn at period end Currency Current outlook of c. 3% translation headwind on EPS © Kerry 2020 | 10 |
Slide 11: Our Beyond the Horizon Sustainability Strategy
Our Beyond the Horizon Sustainability Strategy Innovation Enabling Sustainable Nutrition Partner in Innovation 2030 Commitments Impact We Will Deliver Co-create Sustainable Climate Action Better for our Customers Solutions RD&A Investment for the Future + Circular Economy Responsible Sourcing = Bett
Slide 12: Innovation Enabling Sustainable Nutrition
Innovation Enabling Sustainable Nutrition Kerry to reach 2 billion people with sustainable nutrition solutions by 2030 Sustainable Nutrition: The ability to provide positive and balanced nutrition solutions that help maintain good health, while protecting people and the planet Establishing our Examp
Slide 13: Future Prospects
Future Prospects • Taste & Nutrition: • The foodservice channel continues to recover well. We are focusing on particular growth areas in the channel, while continuing to partner with customers on new menu developments • The retail channel continues to deliver good growth due to Kerry’s co-creation m
Slide 14: Q3 2020 IMS
Q3 2020 IMS 4 November 2020