Noumi Limited · ASX:NOU
Noumi — Freedom Foods Group — FY2013 Earnings Presentation
32 slides from Noumi's earnings presentation, Sep 2, 2013
Slide 1: Investor Presentation Full Year FY 2013
Investor Presentation Full Year FY 2013 Rory Macleod, Managing Director September 2013
Slide 2: Disclaimer
Disclaimer This presentation dated 2nd September 2013 provides additional comment on the market release of 29th August 2013 and the Full Year Report. As such, it should be read in conjunction with, and subject to, the explanations and views in those documents. This presentation is provided for infor
Slide 3: Safe, Nutritious, Longer Life
Safe, Nutritious, Longer Life We believe that people’s needs have moved towards safer, nutrient rich, longer life convenient foods. All our products have a purpose of bringing value to consumers lives through best nutrition and innovative convenience.
Slide 4: Specialty Seafood Brands A2
Freedom Foods Specialty Pactum Australia A2 Better food for Innovative UHT Specialised Milk everyone Seafood Brands Packaging Solutions Products
Slide 5: Freedom Foods
freedom, HONEST, NUTRITIOUS & FREE freedom «xo.
Slide 6: Freedom Foods
Freedom Foods • Strong momentum from FY 2012 • Core Cereals sales of 1 million cases (50% volume / 41% sales) – New product innovation – Increased distribution points, shelf weights, user frequency – Increasing international sales (based on allergen free / non GMO claims) – Cereal growth driving inc
Slide 7: Freedom Foods
Freedom Foods • Strong growth in Health Cereals Category Freedom Share of Health Cereals 49.2 45.1 MAT 12 MAT 13 Source: Aztec
Slide 8: Key Highlights
Key Highlights • Non Dairy Beverages Significant growth in Almond Category, Soy & Rice Category Declining Category Share $ MAT 12 Category Share $ Jul-13 Soy Rice Other Almond Soy Rice Other Almond 18% 14% 5% 6% 12% 29% 7% 23% 70% 57% Source: Aztec
Slide 9: Key Highlights
Key Highlights • Freedom share of Non Dairy Freedom Freedom Non Dairy Share Almond Category 17.1 Share 13.7 50.8 39.4 MAT 12 Jul-13 MAT 12 Jul-13 Source: Aztec
Slide 10: Development Activity
Development Activity USA Ranging Development • Business leveraging core manufacturing capabilities Launching Sept 13 NPD July 13 Leeton Manufacture Aug 13
Slide 11: Freedom Foods – Next 12 Months
Freedom Foods – Next 12 Months • Increasing Sales – New product development (Cereals, Dairy Alternative Beverages) – Increasing distribution points and stock weights – New channel development (Food Service, Industrial) – Driving awareness of brand and products across a broader consumer base with bra
Slide 12: Freedom Foods Specialty Seafood
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Slide 13: Specialty Seafood
Specialty Seafood • Brunswick Sardines and Paramount Salmon • Brunswick sardines maintained its No 1 brand leadership position in Australia and New Zealand. • In Salmon, Paramount increased its share in the Pink Salmon segment, although the brand suffered SKU ranging reductions in the 2nd half. • Th
Slide 14: Specialty Seafood Range
Specialty Seafood Range
Slide 15: Specialty Seafood - Next 12 Months
Specialty Seafood - Next 12 Months • Maintain competitive range in Core Sardine and Salmon Products • Build on Brunswick Specialty Position – Increase value added and snack offerings – Leveraging Canadian Origin, Omega 3 function and versatility – New branding focus aligned with above • Leverage Pro
Slide 16: Freedom Foods Pactum
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Slide 17: Pactum Australia
Pactum Australia • Innovative Contract Solutions in UHT (Long Life) Food & Beverage Products • Non-dairy production volumes increased during the year to support the growth of the Freedom Foods Australia’s Own and Blue Diamond brands, in particular focussed on the fast growing almond beverage categor
Slide 18: Pactum Australia
Pactum Australia Core Range Formats UHT Beverages, Foods Australasia Focus
Slide 19: Pactum Australia
Pactum Australia • UHT facility at Shepparton well progressed • The initial capabilities of the plant will be 200ml portion pack and 1 Litre UHT configuration. • Initial capacity will be up to 100m litres, with capability to significantly increase this capacity in the longer term. • Trial production
Slide 20: Pactum Australia
Pactum Australia • New formats for Premium and On the Go Food & Beverage Positioning • On the go convenience and premium differentiation • Both capabilities will be for domestic customers and dairy based export customers. • From FY 15 and phased development over 3 years. Product Examples
Slide 21: Pactum Australia - Next 12 Months
Pactum Australia - Next 12 Months • Innovative Contract Solutions in UHT (Long Life) Food & Beverage Products • Expansion of packaging capabilities in Pactum will result in an increase in sales and profitability in the FY 14 • Additional growth opportunities available through meeting the increasing
Slide 22: Feel the difference
Feel the difference ™
Slide 23: A2 Corporation – 18.04% Strategic Investment
A2 Corporation – 18.04% Strategic Investment • a2™ branded milk is the fastest growing milk brand in the Australian market with 7.4% of grocery channel market share by value. Sales growth in Australia increased 48%. • a2™ brand milk in the UK market established in five retailer groups and 1000 retai
Slide 24: Source: A2 Corporation Web Site
Source: A2 Corporation Web Site
Slide 25: Financial Highlights – Full Year FY 2013
Financial Highlights – Full Year FY 2013 • Operating EBDITA of $11.6 million, an increase of 113% • Net Operating Profit was $6.4 million, an increase of 92%, including an increase in operating income tax expense to $1.8 million, against $185k for the prior year period. • The Reported Net Profit of
Slide 26: Financial Highlights – Full Year FY 2013
Financial Highlights – Full Year FY 2013 • The Company completed a successful capital raising of $17.4 million (gross proceeds) at $1.04 per share from a placement and entitlements offer in March 2013. • Net Debt / Equity at 10% from 82% at June 2012, reflected the sell down of the A2C shareholding
Slide 27: Financial Summary – Full Year FY 2013
Financial Summary – Full Year FY 2013 12 months to 30 June 2013 2012 % Change $’000 Gross Sales Revenues (1) 115,516 72,556 +59.2% Net Sales Revenues (1) 98,718 58,134 +69.8% EBDITA (Operating) (2) 11,600 5,447 +113.0% EBITA (Operating) (2) 8,972 4,075 +120.2% Equity Associates Share of Profit 819 1
Slide 28: FFG in Summary
FFG in Summary • Market Opportunity – Large categories Health/dietary-driven segments growing rapidly. • Platform for Growth Established – Cereals, Snacks, facility, products and brand – Pactum stable base, growth in customer driven capacity expansion – A2 milk, Australian success, growing globally
Slide 29: Issued Capital and Shareholding Base
Issued Capital and Shareholding Base • Issued Capital – 114.8m Ordinary Shares – 17.2m CRPS (9% Yield) (Buyback rights from Dec 13) – 1.4m Options over Ordinary Shares (@$0.40) – 10.0m Employee Options • Significant change in Register in last 9 months – Outside of Perich Group, more than 51% of regi
Slide 30: Appendices
Appendices FREEDOM FOODS GROUP LIMITED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2013. Notes Consolidated $000 2013 2012 Assets Current assets Cash and cash equivalents Ta) 14,106 161 Trade and other receivables 19,076 17,746 Other financial assets 148 a1 Inventories 14,886 13,144 P
Slide 31: Segmented Reporting (FY 2013)
Appendices Segmented Reporting (FY 2013) Business Segmental Reporting (FY 2013) Net Sales EBDITA EBDITA % NSV $A’000 Freedom Foods 40,070 6,124 15.3% Specialty Seafood 15,788 2,717 17.2% Sub Total Freedom Brands 55,858 8,841 15.8% Pactum Australia 42,828 6,427 15.0% Sub Total Business Contribution 9
Slide 32: i freedom, «: GROUP i
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