Tate & Lyle plc (TATE) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and thank you for joining us today, both in person and online. Sarah and I are pleased to announce and present Tate & Lyle's results for the year ended the 31st of March, 2026. Before we start, I want to acknowledge that a week ago, we made an announcement under Rule 2.4 of the UK Takeover Code, in which we confirmed that Ingredient has made a conditional proposal to acquire Tate & Lyle. Details of the proposal are on the slides. At this stage, there can be no certainty that any offer will be made, nor as to the terms of such an offer. Clearly, we can't say anything more than we said in our announcement last week. So today, I am purely going to focus on our results and the encouraging progress our business is making. We have four key messages for you today. Firstly, the integration of CPCalco has been successfully completed. and the entire Tate & Lyle team is focused on delivering on our priority of volume-led top-line growth. Secondly, our full-year results are in line with the revised guidance we gave in October, with performance impacted by muted market demands. Thirdly, we are making good progress on the strategic actions we set out in November to drive top-line growth and strengthen our performance. Finally, with the integration of CP Calco Complete, Our focus is on leveraging the power of the combination to accelerate growth. What's encouraging is that the combination is starting to gain real traction with our customers. And as we move into the new financial year, we are seeing early signs of top-line momentum. Let's start then by looking at the first of those key messages in more detail. Integrating two large global businesses is always challenging and takes focus and time. The fact that the integration has gone smoothly and has been completed wi...