Lassonde Industries, Inc. Class A · TSX:LAS.A
Lassonde Industries, Inc. Class A — Shareholder Meeting (May 2011)
22 slides from Lassonde Industries, Inc. Class A's shareholder meeting presentation, May 13, 2011
Slide 1: Annual General Meeting of Lassonde Industries Inc.
Annual General Meeting of Lassonde Industries Inc. May 13, 2011 Financial Results for Fiscal 2010
Slide 2: Highlights – Fiscal 2010: Earnings
Highlights – Fiscal 2010: Earnings In millions of $ (except EPS) Years ended Dec. 31, Dec. 31, Dec. 31, %U %U 2010 2009 2008 10 vs 09 09 vs 08 (restated) Net sales 536.2 524.2 505.5 2.3% 3.7% Operating income 49.9 47.4 42.2 5.2% 12.4% Operating income/Net sales 9.3% 9.0% 8.3% Net earnings before C15
Slide 3: Highlights – Fiscal 2010: Earnings
Highlights – Fiscal 2010: Earnings ¾ Net sales of $536.2M, Ç 2.3% or $12.0M over 2009: – Good performance in the retail segment; – Unfavourable exchange rate that affected sales made in U.S. dollars; ¾ Operating income of $49.9M, Ç 5.2% or $2.5M over 2009: – Increased contribution margin driven by h
Slide 4: Highlights – Fiscal 2010: Earnings
Highlights – Fiscal 2010: Earnings ¾ Financial expenses of $4.9M versus $4.0M in 2009, Ç $0.9M: – Impact of a full year of interest accrued on $25 million in long-term financing obtained in the second half of 2009; ¾ Effective tax rate of 29.5% for 2010 and 2009: – No impact from unusual items refle
Slide 5: Highlights – Fiscal 2010: Balance Sheet
Highlights – Fiscal 2010: Balance Sheet In millions of $ As at Dec. 31, Dec. 31, Dec. 31, %U %U 2010 2009 2008 10 vs 09 09 vs 08 (restated) Working capital 133.2 109.7 80.3 21.4% 36.6% Fixed assets 150.1 144.6 132.5 3.8% 9.1% Total assets 375.1 345.2 312.2 8.6% 10.6% Net debt Long-term debt 79.6 78.
Slide 6: Fiscal 2010 – Free Cash Flow Analysis
Fiscal 2010 – Free Cash Flow Analysis Years ended In millions of $ Dec. 31, Dec. 31, Variance 2010 2009 2010-2009 Free cash flows Net earnings 31.8 30.6 1.2 Adjustments Amortization 16.4 16.8 (0.4) Pension plans and other 2.4 2.2 0.2 Change in non-cash working capital 1.5 (2.3) 3.8 Cash flows from o
Slide 7: Dividends and 2011 First Quarter Results
Dividends and 2011 First Quarter Results ¾ Dividends: – Quarterly dividend will be declared May 18, 2011; – On an annualized basis, the dividend usually represents approximately 25% of net earnings of the previous fiscal year; ¾ Results for the first quarter of 2011: – They will be published June 14
Slide 8: Outlook
Outlook ¾ Growth rate of 2011 net sales similar to 2010; ¾ Price increases driven by overall increase in the cost of raw materials; – Explained by: i. Increased demand from emerging countries; ii. The relative weakness of the U.S. dollar, which is the unit of measurement for this type of transaction
Slide 9: Lassonde Industries Inc. Distinctive Food Products
LASSONDE INDUSTRIES INC. Distinctive Food Products 9
Slide 10: Our Product Lines
Our Product Lines Lassonde Industries Inc. 2010 Sales: $536.2 million Lassonde Industries Inc. develops, manufactures, and markets distinctive food products. A. Lassonde Inc. Lassonde Specialties Inc. The Canadian leader in the development, manufacture, and Develops, manufactures, and marketing of f
Slide 11: The Company's Mission / Our Operations
The Company’s Mission The mission of Lassonde Industries Inc. is to be a Canadian leader in the production and marketing throughout Canada of food products that by their quality and variety contribute to the enjoyment and wellness of consumers. Our Operations Nine (9) plants located close to consume
Slide 12: Market Vision – Our Clients
Market Vision – Our Clients ¾ Most of the Company’s sales are to food retailers and wholesalers: – This market is highly concentrated in Canada because five retailers control more than 70% of the market; – We believe that Canadian food retail and food service markets will continue to consolidate; ¾
Slide 13: Market Vision
Market Vision ¾ Three companies share more than 55% of the Canadian retail fruit juice and fruit drink market: – Lassonde alone represents nearly half of the 55%; – Our critical mass enables us to stay competitive; ¾ Rapidly changing consumption patterns: – People are more concerned about health and
Slide 14: Corporate Strategy
Corporate Strategy To offer consumers the right product in the right size To focus on To innovate healthy products To promote To be quick sustainable development To consolidate 14
Slide 15: Corporate Strategy – Product Offering
Corporate Strategy – Product Offering Lassonde builds on innovation and continues to launch healthy products such as the recently launched Oasis Health Break CholestPrevent 15
Slide 16: Corporate Strategy – Innovation and Consolidation
Corporate Strategy – Innovation and Consolidation ¾ Lassonde must protect the Company’s human capital because it is our best tool to deal with rapidly changing markets: – Our expertise is at the core of our ability to innovate; – Our excellent knowledge of the competitive market, of food industry te
Slide 17: Sustainable Development – Objectives
Sustainable Development – Objectives ¾ To demonstrate our leadership in the environmental performance of our operations; ¾ To integrate sustainability into our product innovation process; ¾ To communicate our accomplishments in sustainable development; ¾ To create a framework promoting the retention
Slide 18: Our Performance
18 Our Performance @ Lassonde InOusines
Slide 19: Selected Financial Information – 5 Years
Selected Financial Information – 5 Years Net sales (in millions of $) EBITA (in millions of $) 700.0 * CAGR 5 years: 10.6% 70.0 * CAGR 5 years: 11.1% 66.3 64.2 600.0 60.0 56.4 524.2 536.2 505.5 500.0 50.0 45.3 400.3 400.0 352.4 40.0 35.6 300.0 30.0 200.0 20.0 100.0 10.0 0.0 - 2006 2007 2008 2009 201
Slide 20: Selected Financial Information – 5 Years
Selected Financial Information – 5 Years EBIT (in millions of $) EPS (in $) 50.0 * CAGR 5 years: 10.9%47.4 49.9 5.00 * CAGR 5 years: 12.6% 4.62 4.82 4.39 42.2 40.0 4.00 34.7 3.41 30.0 3.00 25.9 1.94 20.0 2.00 10.0 1.00 0.0 0.00 2006 2007 2008 2009 2010 2006 2007 2008 2009 2010 Figures for periods pr
Slide 21: Our Future
Our Future To provide a dependable To be close to consumers and service that meets our clients’ clients expectations To continue to innovate To carry out strategic To try to do as well in the future acquisitions at reasonable as we have done in the past prices 21
Slide 22: Annual General Meeting of Lassonde Industries Inc.
Annual General Meeting of Lassonde Industries Inc. May 13, 2011 Financial Results for Fiscal 2010