abf abmauri profile

8/8/2019 ABF ABMauri Profile

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AB Mauri

August 2009


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History of AB Mauri

AB Mauri manufactures yeast & bakery

ingredients in 25 countries worldwide,

with 5276 employees, and has sales

and distribution in over 40 countries.

AB Mauri was formed in November

2004 as a new operating division of

Associated British Foods plc (ABF).

ABF is a diversified international food,

ingredients and retail group withturnover of 6.0 billion (2006) and

46,703 employees in 46 countries.


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A B Mauri around the world

5859 employees of which 95% arebased outside UK

42 plants in 27 countries.

Organised in six regions.

Sales and distribution in 40+countries.

A number of Joint Ventures,

mainly in Asia and South America.

Region Employees

USA/Canada 314

Brazil 528

Hispanoamrica 1232

E&A 589S&W Asia 1334

CEAP 1917

Other 71

Total 5985


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Some of AB Mauris Brands


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1

ABMauri


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BRAZIL (2)

ARGENTINA (2)

CHILE (1)

COLUMBIA (1)

ECUADOR (1)

FINLAND (1)

GERMANY (2)

INDIA (4)

INDONESIA (2)

MALAWI (2)

MALAYSIA (1)

MOZAMBIQUE (1)

NETHERLANDS (3)

NEW ZEALAND (11)

PERU (1)

PHILIPPINES (2)

POLAND (3)

PORTUGAL (1)

SOUTH AFRICA (7)

AUSTRALIA (40)

CHINA (21)

UK (208)SPAIN (4)

SWAZILAND (1)

SWITZERLAND (1)

TANZANIA (2)

THAILAND (1)

VIETNAM (1)

TURKEY (1)

URUGUAY (1)

US (28)

ZAMBIA (1)

PAKISTAN (1)

MEXICO (1)

FRANCE (1)

SRI-LANKA (1)

ABFs Global Reach

CANADA (2)

IRELAND (37)


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Business overview

Associated British Foods plc


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Associated British Foods is a diversified international food, ingredients andretail group with sales of 8.2 billion and 96,000 employees in 44 countries

Global presence


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Leading brands
http://../sueforbes/Local%20Settings/Temp/AB%20Mauri%20map.ppt


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Worldwide revenue 8.2 billion

Adjusted operating profit 664 million

Adjusted profit before tax 632 million

Net investment on acquisitionsand capital expenditure 710 million

Net debt 791 million

All figures are for the 2007/8 financial year

Financial highlights


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2007/8 2006/7

Group revenue: 8.2 bn (up 21%) 6.8 bn

Adjusted operating profit: 664m* (up 7%) 622m

Adjusted profit before tax: 632m** (up 3%) 613m

Adjusted earnings per share: 54.9p** (up 4%) 52.9p

Dividends per share: 20.25p (up 4%) 19.5p

Net debt: 791m 311m

Basic earnings per share: 45.2p (down 3%) 46.7p

Profit before tax: 527m (up 4%) 508m

* before amortisation of non-operating intangibles, profits less losses on the sale of PP&E and exceptional items

** before amortisation of non-operating intangibles, profits less losses on the sale of PP&E, profits less losses on the sale and closure ofbusinesses and exceptional items

Results


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European food companies (as at 13 September 2008)

Ranking

Company CountryNestle Switzerland

Unilever Netherlands

Danone France

Cadbury UK

Associated British Foods UK


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Sugar & Agriculture

AgricultureSugar, China

Sugar, southern AfricaSugar, Europe

Grocery

Meat and dairy

Herbs and spices

Bread, baked goods

and cerealsVegetable oils

Hot beveragesand sugar and

sweetenersWorld foods

Group at a glance

IngredientsSpeciality ingredientsYeast and bakery ingredients

Retail Primark and Penneys


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Grocery 2008 2007 Change

Revenue m 3,254 2,605 +25%

Operating profit m 194 153 +27%

Sugar & Agriculture 2008 2007 Change

Revenue m 2,134 1,796 +19%

Operating profit m 186 217 -14%

Ingredients 2008 2007 Change

Revenue m 842 698 +21%


Retail 2008 2007 Change

Revenue m 1,933 1,602 +21%


Group at a glance


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Balanced diversified business with strong financial position

Operates in the worlds food markets plus the retail fashion industry in UK,Ireland & Spain

Significant businesses in Europe, Americas, Africa, & Asia

96,000 employees operating in 44 countries

Adjusted operating profit increased consistently over the last 5 years

Listed on London Stock Exchange Controlling interest held by the Weston family

Devolved organisation with a small central team and a performance andresults-led culture

Business highlights


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Twin financial goals:

- Sustainable real profits growth

- Long-term cash generation

Focus energies on market segments where we can establish strong, sustainableleadership positions

Grow organically and by acquisition in complementary activities

Achieve high levels of operating efficiency

Operate through a focused divisional structure in which each business:

- has an influential market position

- has sufficient scale to attract highest quality management

- has differentiated features for leveraging added value- has potential for sustained revenue and profit growth or cash flow

Corporate objectives


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Acquisitions Disposals

Bottled oil business from Bunge

G Costa

Mazola in Mexico

Askeys

Billingtons

AB Mauri

British 3rd party flour milling

GWF biscuit business

Tones

Littlewoods & Allders stores

Illovo

ACH speciality rice

Scandinavian distributors

Ongoing developments

SPI Polyols

Pataks

Jordans

2006

2005

2004

2007

2008K R Castlemaine

North China Sugar


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+27%

+25%

Change

153194Operating profit m

2,6053,254Revenue m

2008 2007Grocery

Major manufacturer of branded and private label groceries

Hot beverages and sugar and sweeteners

Vegetable oils

Herbs and spices

Divisional overview

World Foods

Meat and dairy

Bread and baked goods
http://www.tones.com/http://www.spiceadvice.com/brands/durkee/index.html


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-14%

+19%

Change


1,7962,134Revenue m

2008 2007Sugar & Agriculture

Second largest world sugar producer (Europe, Africa, China)

Large agribusiness operations

Over 1 million tonnes of sugar produced in the UK

Over 200k tonnes of sugar produced in PolandMore than 750k tonnes produced in China

Africas largest sugar producer (1.8 million tonnes) with extensiveoperations in six countries

Divisional overview

Animal feeds and feed micro-ingredientsbusinesses in the UK and China


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AB Mauri operates globally in yeast and bakery ingredient production with 50plants in 28 countries, supplying plant & artisanal bakers and the foodservice &wholesale channels

Market leader in yeast production

Technology leader in bakery ingredients

+6%

+21%

Change


698842Revenue m

2008 2007Ingredients

Divisional overview

ABF Ingredients is a group of companies focusing on high value ingredientssuch as enzymes, yeast extracts, speciality lipids, emulsifiers, cerealspecialties and proteins food and non-food applications
http://../sueforbes/Local%20Settings/Temp/AB%20Mauri%20map.ppt


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+17%

+21%

Change


1,6021,933Revenue m

2008 2007Retail

Primark - major value fashion retail group

Operates stores in UK, Ireland and Spain

Targeted at the fashion-conscious under-35s190 stores and over 28,000 employees

Primark sells almost 1 in every 10 items of clothing purchased in the UK

UKs second largest clothing retailer by volume (source: TNS)

Divisional overview

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