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Farm Pride Foods Ltd
2021 AGM
CEO Presentation
"Shifting Focus"
22nd November, 2021
Presented By: Daryl BIRD, CEO, Farm Pride Foods Ltd
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Disclaimer | |
This presentation dated 22nd November 2021 provides additional comment on the Annual Report for the 12 months ended 30 June 2021 of Farm | |
Pride Foods Ltd Limited (The 'Company') and accompanying information released to the market. As such, it should be read in conjunction with | |
the explanations and views in those documents. | |
This presentation is provided for general information purposes only. The information contained in this presentation is not intended to be relied | |
upon as advice to investors and does not take into account the investment objectives, financial situation or needs of any particular investor. | |
use | Investors should assess their own individual financial circumstances and consider talking to a financial adviser or consultant before making any |
investment decision. | |
This presentation is not a prospectus, investment statement or disclosure document. | |
Certain statements in this presentation constitute forward looking statements. Such forward looking statements involve known and unknown | |
risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company and which may cause | |
actual results, performance or achievements to differ materially from those expressed or implied by such statements. | |
While all reasonable care has been taken in relation to the preparation of this presentation, none of the Company, its subsidiaries, or their | |
respective directors, officers, employees, contractors or agents accepts responsibility for any loss or damage resulting from the use of or reliance | |
on this presentation by any person. | |
Past performance is not indicative of future performance and no guarantee of future returns is implied or given. | |
personalr | Some of the information in this presentation is based on unaudited financial data which may be subject to change. |
Farm Pride | CEO Presentation AGM 2021 | |
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SHIFTING FOCUS
Agenda
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Industry | ||
COVID | ||
use | Navigating change | |
• Farm Pride Foods Ltd FY21 Results | ||
• The 3 year journey so far and matters | ||
personalr | subsequent | |
• | FY22 outlook | |
Environmental, Social and Governance (ESG)
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SHIFTING FOCUS
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Industry overview
Industry overview | |
use only | Key industry metrics |
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• Industry growth steady at 0.3%, but impacted since COVID, growth outlook disrupted.
• Profit decline driven by lower margins in shell eggs.
• Supermarket retailers represent approx. 63% of industry sales.
• Cage share of industry declining and will accelerate in FY23 when supermarkets ramp up cage free transition.
• Barn laid eggs will replace cage volumes plus more and be a significant segment in category - barn laid the new cage and low cost entry point on shelves for consumers.
• Free Range eggs growing, but focus will be on barn laid - still FR opportunities.
Source: IBIS World Egg Farming in Australia Report April 2021
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Share of category by egg type
Source: IBIS World Egg Farming in Australia Report April 2021
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