REG - Hilton Food Grp Plc - Investor and Analyst Day

Hilton FoodAnnouncement

07/11/2023 07:00

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RNS Number : 5381S  Hilton Food Group PLC  07 November 2023

 

 

 

7(th) November 2023

 

Hilton Food Group PLC

 

INVESTOR AND ANALYST DAY

 

Hilton Foods will today host an analyst and investor day at its Hilton UK food
production facility in Huntingdon, Cambridgeshire.

 

The day will be hosted by Steve Murrells (CEO) and Matt Osborne (CFO), and
include presentations from the wider senior management team, as well as a tour
of the Huntingdon site.

 

The event will provide an overview of the Group's strategy and detail the
competitive advantages which underpin the Group's strategic partnerships with
some of the world's leading retailers and food service providers.  These are:

 

-     Relevant multi-category product offer, allowing us to capitalise on
all consumer trends

-     Leading supply chain services with end-to-end systems offering full
traceability

-     International presence, with technologically advanced sites
strategically positioned across markets

-     Strong financial position

-     All underpinned by industry leading ESG credentials

 

The team will reiterate its focus on driving organic growth within the core
Hilton offer while highlighting the opportunities for cross-sell and ongoing
commercialisation with new and existing customers.

 

As part of this, there will be a deep dive into Hilton's industry leading
technology and services offer; namely how the Group designs, develops and
operates the most technologically advanced systems and sites - for a growing
international customer base.

 

The event will also highlight Hilton's ongoing focus on its Sustainable
Protein Plan and how it underpins everything Hilton does, for the benefit of
driving long-term sustainable growth for all stakeholders.

 

Publication of medium term financial ambitions

 

The Board and wider management team is confident that the Group's strategy and
customer offer continues to act as a key differentiator within the market.

 

As such, the Group is today taking the opportunity to outline the following
medium-term financial ambitions:

 

-     ROCE > 20%

-     Leverage maintained at <2.0x

-     Operating cash conversion >1.5x

-     Focused investment delivering sustainable returns with core capital
investment of <£50m per annum

-     Sustained mid-single digit % profit and EPS growth

 

Steve Murrells, Hilton Foods Chief Executive Officer, commented:

 

"Hilton is a trusted partner to some of the world's leading retailers and food
service providers. They turn to us for our proven expertise and track record
in delivering relevant high-quality protein products - efficiently and at
scale.

 

"I look forward to welcoming investors and analysts to our Huntingdon site to
showcase our inherent strengths and highlight what gives us our competitive
advantage. In particular, we will focus on our innovative food products, our
international reach, and our unrivalled technology and automation - all
underpinned by clear ESG commitments.

 

"Hilton has all the right attributes to drive long-term sustainable growth,
and I look forward to sharing greater detail with investors as we focus on our
ambition of becoming the international food and supply chain services partner
of choice."

 

Virtual presentation

 

A replay of today's presentations will be uploaded to the Hilton Foods PLC
website in due course.

 

This announcement contains inside information for the purposes of Article 7 of
the UK Market Abuse Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018.

 

For further information please contact:

 

 Hilton Food Group plc                    Tel: +44 (0) 1480 387214
 Steve Murrells, Chief Executive Officer

 Matt Osborne, Chief Financial Officer

 Headland Consultancy                     Tel: +44 (0) 20 3805 4822
 Susanna Voyle                            Email: hiltonfood@headlandconsultancy.com
 Will Smith
 Joanna Clark

 

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