Slide 1: Glanbia plc CAGE 2017
Glanbia plc CAGE 2017 22 March 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 Glanbia Overview ‘ DELIVERING BETTER NUTRITION = FOR EVERY STEP OF LIFE’S JOURNEY — / ; \ ==
Slide 4: Glanbia Group Overview
Glanbia Group Overview 2016 Total Group Revenue MARKET CAP* €849m €5.4BN €1,007m GLANBIA PERFORMANCE DAIRY NUTRITION IRELAND €616m 60%* EMPLOYEES €1,224m 6,200 2016 Total Group EBITA €45m JOINT VENTURES & €31m ASSOCIATES GLANBIA COUNTRIES NUTRITIONALS €163m 32 78%* €112m *Contribution of Glanbia Per
Slide 5: Glanbia growth model
Glanbia growth model +13.6% CAGR €45m €29m €43m Growth underpinned by €31m GPN & GN 2016 EBITA: €30m 2010 EBITA: €163m Disciplined investment in growth capex and €350m €163m acquisitions €62m JVs: efficient use of capital €112m Glanbia Performance Nutrtition Glanbia Nutritionals Dairy Ireland
Slide 6: Global Consumer Trends
oRGE 3017 DELIVERING BETTER NUTRITION FOR EVERY STEP OF LIFE’S JOURNEY
Slide 7: Glanbia sits at the heart of powerful consumer megatrends in nutrition
GLANBIA SITS AT THE HEART OF POWERFUL CONSUMER MEGATRENDS IN NUTRITION Health and Active Easy Convenient Clean Wellbeing Lifestyles and on-the-go Labelling $1tn 55m 94% 50% Global Health & people are of Americans of US consumers Wellness sales to hit members of snack at least select foods based on a
Slide 8: Glanbia Performance Nutrition
Glanbia Performance Nutrition
Slide 9: Glanbia Performance Nutrition
Glanbia Performance Nutrition Millions Revenue & EBITA Millions Recent acquisitions €1,100 €200 Revenue €900 EBITA €150 €700 €100 Revenue EBITA €500 €50 2014 2015 2016 EBITA margin 16.1% 14.7% Plant-based nutrition, Direct to consumer 12.0% Greens & Super Foods “DTC” online brand 2014 2015 2016 Reve
Slide 10: GPN Brand portfolio
GPN Brand portfolio PERFORMANCE LIFESTYLE Consumer CAGE 2017 | Slide 10
Slide 11: Innovation at GPN – Focus on ready to eat
Innovation at GPN – Focus on ready to eat CAGE 2017 | Slide 11
Slide 12: Glanbia Nutritionals Overview
Glanbia Nutritionals Overview
Slide 13: GN Capability Overview
GN Capability Overview 2016 Revenue MICRO NUTRIENT PREMIX AND BIOACTIVE INGREDIENTS DAIRY & PLANT BASED PROTEINS Nutritional Solutions €488m US Cheese GRAINS AND SEEDS €736m FUNCTIONAL BEVERAGES CAGE 2017 | Slide 13
Slide 14: 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 Lifestyle Nutrition & Beverages Supplements Dairy Sports Nutrition Nutrition Protein Functional Bakery Nutrition enhanced mainsteam Enrichment food &
Slide 15: Joint Ventures & Associates
DELIVERING BETTER NUTRITION : s : FOR'EVERY STEP.OF LIFE'S JOURNEY == )
Slide 16: Joint Ventures & Associates
Joint Ventures & Associates In 2016 Glanbia share of 3 scale partners in revenue from JV’s and dairy processing Associates was €849m Glanbia Ingredients Largest dairy processor in Ireland Ireland (40% partner) Large-scale American style cheddar Southwest Cheese cheese and whey producer located in (5
Slide 17: Joint Ventures & Associates – Strategic Initiatives
Joint Ventures & Associates Strategic Initiatives Disposal of 60% interest in Dairy Ireland to be integrated with GII 25% Capacity increase in Southwest Cheese in 2018 Proposal to create a new JV in Michigan to build a large scale cheese and whey plant CAGE 2017 | Slide 17
Slide 18: Summary & Outlook
Summa & Outlook” CAGE 2017 ‘ DELIVERING BETTER NUTRITION FOR EVERY STEP OF LIFE’S JOURNEY
Slide 19: Full Year 2016 Performance Summary
Full Year 2016 Performance Summary 87.66c Seventh consecutive year of double Adj. EPS +11.2% (cc*) digit growth in adjusted EPS +10.8% (rc*) €305.1m EBITA +12.5% (cc*) Strong EBITA growth across the Group +12.6% (rc*) 10.7% Continued EBITA margin EBITA margin +90 bps (cc*) progression across the Gro
Slide 20: Summary & Outlook
Summary & Outlook *Pro-forma adjusted EPS of the continuing Group has been calculated assuming the Dairy Ireland transaction was completed at the start of FY 2016. **Continuing Group as used above includes “Glanbia Ireland” as a 40% associate ***The Dairy Ireland transaction is contingent upon agree
Slide 21: Questions & Answers
& Answ or DELIVERING BETTER NUTRI 1 » FOR EVERY STEP OF LIFE’S Y
Slide 22: Appendix
glanbia Appendix DELIVERING BETTER NUTRITION FOR EVERY STEP OF LIFE’S JOURNEY —
Slide 23: Non IFRS Performance Measures
Non IFRS Performance Measures 1. To arrive at the constant currency year–on–year change, the results for the prior year are retranslated using the average exchange rates for the current year and compared to the current year reported numbers. 2. Revenue comprises sales of goods and services of the wh
Slide 24: Delivering better nutrition for every step of life's journey
Delivering better nutrition for every step of life’s journey Liam Hennigan Head of Investor Relations Glanbia plc Glanbia House Kilkenny, Ireland Email: ir@glanbia.ie Tel: +353 56 777 2200