BIOBASED FOOD INGREDIENTS STRATEGY - Corbion · •Logistics improvements ... •Leading edge...
Transcript of BIOBASED FOOD INGREDIENTS STRATEGY - Corbion · •Logistics improvements ... •Leading edge...
Complementary products, technologies, markets
Biobased Food Ingredients
Emusifiers / Lactylates / Ultrafresh / Moldblock / Mixes Fortification/Functional Blends
Preservatives / Ferments / Anti Microbial / Listeria control / Taste masking & Enhancing / Fortification
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• A leading biobased food ingredients player offering high-value added ingredients to food companies
• Delivering products to many applications, using high customer touch and value based selling approaches
• Leading ingredients positions in two market segments, Bakery and Meat
• Sales of € 565 million, EBITDA of € 108 million (margin: 18.4%) (2012)
Biobased Food Ingredients division today
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• Sales CAGR 2007-2012 of 5.3%. EBITDA margin expanded from 15% to 18%
• Sales decrease in 2012 due to LCiU competition and negative FX impact
Historic performance
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Corbion will extend its leadership position with biobased ingredients as a close partner for food companies, helping them solve their food integrity issues, by • Focusing on selected markets, delivering value adding products and applications
expertise
• Continuously lowering cost levels provided by core Corbion process facilities
• Delivering innovative products using our core technology platforms and acquired or licensed adjacent technologies or IP
Our biobased solutions give our customers improvements in the areas of • Shelf-life • Freshness • Supply chain costs Our talented team works with passion and in partnership, ensuring performance
Biobased Food Ingredients strategy
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• Global specialty food ingredients market of € 37 billion
• Addressable Food Integrity market for Corbion is today € 5 billion
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Food Integrity market is € 22 billion in size
Functionality offered
• Mold & bacterial growth control
• Flavor masking & enhancing
• Color protection
• Mouth Feel conditioning
Benefits for our Customers
• Shelf Life extension
• Logistics improvements
• Lower Waste
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Our food integrity strategy
Enabling factors
• One organization built on two strong pillars
• Strong financial profile
• Disciplined investment plan to exploit growth prospects
• Strong innovation pipeline
• Unique global supply chain
Competitive advantages in the market place
• Leading edge fermentation & enzyme technologies (many IP protected)
• Deep end market understanding and strong customer relationships
• Leading market positions in Bakery & Meat segments
• Unique global supply chain
Biobased Food Ingredients core strengths
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• Ferments: Preservation with label-friendly ingredients
• Ultra Fresh Sweet: Extending freshness of sweet cakes significantly
• Ultra Fresh Premium Advantage: Extending freshness of bread rolls significantly
• Anti-Molding Technology
• Calcium Propionate: Anti-mold ingredient
Key Innovation programs support growth
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Strategic criteria acquisitions
• Immediate adjacency to product portfolio for product/technology buys
• Selective geographic expansion - Bakery: Access to markets with
similar characteristics to US. Examples include countries in LatAm and Asia
- Meat: Access to high growth markets in Asia
• Centered around core technologies
Organic growth enhanced with bolt on acquisitions
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• Develop into a strong and integral supplier of food integrity
• Stronghold in the US, but developing in other geographies
- Meat: Protect and extend core in US, organic growth outside US, acquisitions of adjacent technologies
- Bakery: Organic growth in US, selectively expand through bolt-on acquisitions in high-growth markets with US-like characteristics
• Organic sales growth CAGR targeted for period 2013-2016 of 3-5% (ex price inflation) and continued high EBITDA margins
Key takeaways
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