Pure Foods Tasmania Ltd. · ASX:PFT
Pure Foods Tasmania — Shareholder Meeting (November 2020)
37 slides from Pure Foods Tasmania's shareholder meeting presentation, Nov 27, 2020
Slide 1: 2020 AGM Presentation
For personal use only 2020 AGM Presentation
Slide 2: Agenda
Agenda For personal use only • Introductions • Chairman’s address • Resolutions Q&A and voting • Managing Director update + Q&A • Close
Slide 3: Chairman's Address
For personal use only Chairman’s Address 3
Slide 4: Pure Foods Tasmania
Pure Foods Tasmania For personal use only • Founded in 2015 • Distribute and showcase premium Tasmanian produce • Grow organically and through acquisitions • ASX listed in April 2020 • Strong performance despite global pandemic 4
Slide 5: Growth Strategy
Growth Strategy For personal use only Pure Foods Tasmania aims to acquire, grow and develop premium food businesses in Tasmania, particularly if associated products are aligned to our existing range. We endeavour to maintain an awareness of international trends in consumer tastes, healthy food optio
Slide 6: Our People
Our People For personal use only • PFT now have 45 FTE employees • Created 7 new roles for locals in FY20 • Focus on the health, wellbeing and safety of our employees – 0% incidents to date • Proud of our 52% female majority workforce in a male led industry 6
Slide 7: Culture & Values
Culture & Values For personal use only The Board maintains a strong focus on all aspects of corporate governance, not only ensuring its policies, practices and frameworks are of a high standard, but also that they evolve to meet increasing community expectations. The Board also seeks to monitor that
Slide 8: Pure Foods Tasmania
Pure Foods Tasmania For personal use only • Founded in 2015 • Distribute and showcase premium Tasmanian produce • Grow organically and through acquisitions • ASX listed in April 2020 • Strong performance despite global pandemic 8
Slide 9: Growth Strategy
Growth Strategy For personal use only Pure Foods Tasmania aims to acquire, grow and develop premium food businesses in Tasmania, particularly if associated products are aligned to our existing range. We endeavour to maintain an awareness of international trends in consumer tastes, healthy food optio
Slide 10: Our People
Our People For personal use only • PFT now have 45 FTE employees • Created 7 new roles for locals in FY20 • Focus on the health, wellbeing and safety of our employees – 0% incidents to date • Proud of our 52% female majority workforce in a male led industry 10
Slide 11: Culture & Values
Culture & Values For personal use only The Board maintains a strong focus on all aspects of corporate governance, not only ensuring its policies, practices and frameworks are of a high standard, but also that they evolve to meet increasing community expectations. The Board also seeks to monitor that
Slide 12: Operational Update
For personal use only Operational Update 12
Slide 13: For personal use only
For personal use only 13
Slide 14: FY20 Financial Results
For personal use only FY20 FINANCIAL RESULTS 14
Slide 15: FY20 Financial Results
For personal use only FY20 FINANCIAL RESULTS 15
Slide 16: Tasmanian Pate - Growth
Tasmanian Pate - Growth For personal use only 5 years of solid growth $3,500,000.00 $3,200,000.00 $3,000,000.00 $2,707,010.00 $2,742,000.00 $2,480,800.00 $2,500,000.00 $2,316,945.00 ACTUAL $2,000,000.00 $1,500,000.00 $1,000,000.00 $500,000.00 $- FY16 FY17 FY18 FY19 FY20 PFT FY20 Results Presentation
Slide 17: Tasmanian Pate FY20 Financials
Tasmanian Pate FY20 Financials For personal use only $3,500,000 Variance • Tasmanian Pate achieved a record result with strong sales in Pate $3,000,000 $552,831 across all customers while continuing to focus on driving cost 21% efficiencies. $2,500,000 • New factory commissioned October 19 deliver
Slide 18: FY20 Financial Results
For personal use only FY20 FINANCIAL RESULTS 18
Slide 19: Woodbridge Smokehouse - Growth
Woodbridge Smokehouse - Growth For personal use only Strong upwards trends $1,400,000.00 $1,200,000.00 $1,158,970.00 $1,089,000.00 $1,000,000.00 $918,456.00 $800,000.00 ACTUAL $597,801.00 $615,355.00 $600,000.00 $400,000.00 $200,000.00 $- FY16 FY17 FY18 FY19 FY20 PFT FY20 Results Presentation 19
Slide 20: Woodbridge Smokehouse FY20 Financials
Woodbridge Smokehouse FY20 Financials For personal use only $1,400,000 Variance $1,200,000 ($69,724) -6% $1,000,000 • Woodbridge Smokehouse saw a slight reduction in gross sales mainly due to a restructure involving deleting of unprofitable products produced $800,000 exclusively for some customers
Slide 21: What we have achieved in FY21 so far
For personal use only What we have achieved in FY21 so far ✓We have launched new premium Homestead Pate into 850 Woolworths stores Nationally ✓Built a new online store for our Australian consumer e-commerce channel ✓We acquired Daly Potato Co. ✓Secured distribution into South Australia for Woodbridg
Slide 22: Focus on e-commerce
Focus on e-commerce For personal use only At the start of FY21 an e-commerce strategy was compiled by the marketing Performance so far: team. • Online store sales FYTD (43% Objective of e-commerce strategy: increase on total FY20 online sales) • Direct to consumer relationship • Launch of new online
Slide 23: New Distribution Secured
For personal use only New Distribution Secured Monde Nissin Australia 23
Slide 24: Asian E-Commerce Customer Secured
For personal use only Asian E-Commerce Customer Secured The Meat Club, Singapore 24
Slide 25: New Record Sales Delivered
For personal use only New Record Sales Delivered November FY21 Gross sales up 157% on FY20 25
Slide 26: November Performance YTD
November Performance YTD For personal use only Group Sales November FY21 $ FY20 November $1,805,547 FY21 November* $2,662,547 Growth 49% * Unaudited 26
Slide 27: Moving Forward
Moving Forward For personal use only • The focus remains to grow through both acquisition and organically • NPD will also remain high priority as we continue to develop premium Tasmanian brands • Our Meal Solutions offer will be launching Q3 FY21 • Beverage offer will be launching Q4 FY21 • Signed e
Slide 28: Unique product development partnership with Tasmanian biotech specialists
Unique product development partnership with leading Tasmanian For personal use only Biotech specialists Innovative Organic Wakame - Seaweed marine High in bio-available vitamins Amino Acids biotechnologies WWW.MARINOVA.COM.AU Fucoidan Omega- 3 Current Trials underway Targeting super premium function
Slide 29: For personal use only
For personal use only
Slide 30: Potato & Gravy Ready to Eat
Potato & Gravy Ready to Eat For personal use only • Launching January 2021 • 450g & 250g • Available in Hot Box along side Roast Chickens and other hot meats 30
Slide 31: For personal use only
For personal use only
Slide 32: For personal use only
For personal use only
Slide 33: GomestEq by Tasmanian Pate
goMESTEq, by Tasmanian Paté
Slide 34: For personal use only
For personal use only
Slide 35: Pure Tasmanian Seafood
PURE TASMANIAN ~~ seafood nm
Slide 36: Enjoy a quick & easy Christmas
For personal use only Enjoy a quick & easy Christmas with 36
Slide 37: www.purefoodstas.com
For personal use only www.purefoodstas.com
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