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Asaleo Care

Asaleo Care. Annual General Meeting. 30 April 2019. Harry Boon - Chairman Annual General Meeting 30 April 2019. Our results at a glance. Underlying EBITDA - $80.6 M down 35% on prior year Underlying EBITDA (from continuing operations) – down 17% on last year

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Asaleo Care

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  1. Asaleo Care Annual General Meeting 30 April 2019

  2. Harry Boon - Chairman Annual General Meeting 30 April 2019

  3. Our results at a glance • Underlying EBITDA - $80.6 M down 35% on prior year • Underlying EBITDA (from continuing operations) – down 17% on last year • Increase of $33 M in pulp prices and energy costs 2019 AGM

  4. Strategic Review • To find the most efficient structure and business model for sustainable long term growth. • Divestment of the Australian Consumer Tissue business - $180 M • Strengthen the balance sheet • Net debt reduction • Improved leverage ratio • In principle agreement to extend Trade Mark and Technology Licence until 2027 2019 AGM

  5. Strong Capital Management • Free cash flow of $64.8 M • Aggressive inventory reduction program • Net debt reduced to $262 M (3.25 x EBITDA) at year end • Proceeds of sale of Australian Consumer Tissue business used to pay down debt and complete Kawerau site upgrade • $300 M returned to shareholders since Company listed in 2014 Firm foundation for sustainable, long term growth 2019 AGM

  6. Safety First at Asaleo Care Lewis Brent, Process Engineer 2019 AGM

  7. Investing in our people 2019 AGM

  8. Community • Support to Foodbank and Ronald McDonald House Medical Service Pacific - Fiji Volunteering at Foodbank Springvale employees at pop up market New Zealand employees prepare dinner at Ronald McDonald house 2019 AGM

  9. Sustainability Jimmy TeHau, Kawerau employee, with his sons 2019 AGM

  10. Harry Boon - Chairman Annual General Meeting 30 April 2019

  11. Sid Takla– Managing Director and CEO Annual General Meeting 30 April 2019 Annual General Meeting 2019 Asaleo Care

  12. Results - Retail • Total retail revenue down 5.2% on the prior year • Exited “Every Day Pricing” strategy in Feminine Care and 3 consecutive quarters of volume growth • Incontinence Care growth of 4.8% 2019 AGM

  13. Results – B2B • Branded Revenue growth of 2.3% • EBITDA down 12.4% on prior year • Incontinence Healthcare up 5.2% in Australia and 7.6% in New Zealand • Proprietary branded systems represent over 34% of total Professional Hygiene sales 2019 AGM

  14. Customer and Consumer Focus • Renewed emphasis on building stronger relationships with customers • Ongoing investment in quality and marketing • Investment of $25 M for capital project in B2B segment 2019 AGM

  15. Strategic Review • To drive profitable growth to build a resilient business • Divestment of Australian Consumer Tissue Business now complete • Divestment – • strengthens balance sheet • Reduces net debt • Reduces earnings volatility • Improves leverage ration to lower end of target range • Improves balance of business portfolio 2019 AGM

  16. Strategic Review - cont • New Purpose – “Care, Comfort and Confidence every day” • New Vision - “to be the number one personal care and hygiene company in Australia” • Agile inventory program reduced inventory by $32.5 M • In principle agreement to extension of Trade Mark and Technology License Agreement with Essity until 2027 2019 AGM

  17. 2019 Outlook • Full year Guidance for EBITDA in the range $80 M to $85 M • Business reset for long term success 2019 AGM

  18. Sid Takla– Managing Director and CEO Annual General Meeting 30 April 2019 Annual General Meeting 2019 Asaleo Care

  19. Harry Boon - Chairman Annual General Meeting 30 April 2019

  20. Financial and Other Reports “To receive the Financial Report, the Directors’ Report and the Auditor’s Report for the financial year ended 31 December 2018.” 2019 AGM

  21. Resolution 2(a) “To re-elect as a Director Robert Sjostrom who retires by rotation in accordance with Rule 68 of the Company’s Constitution and, being eligible, offers himself for re-election.” 2019 AGM

  22. Resolution 2(a): Proxies received 2019 AGM

  23. Resolution 2(b) “To re-elect as a Director Mats Berencreutz who retires by rotation in accordance with Rule 68 of the Company’s Constitution and, being eligible, offers himself for re-election.” 2019 AGM

  24. Resolution 2(b): Proxies received 2019 AGM

  25. Resolution 3 “To adopt the Remuneration Report for the financial year ended 31 December 2018.” 2019 AGM

  26. Sue Morphet– Non Executive Director Annual General Meeting 30 April 2019 Annual General Meeting 2019 Asaleo Care

  27. Resolution 3: Proxies received 2019 AGM

  28. Voting by Poll

  29. Asaleo Care Annual General Meeting 30 April 2019

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