REG - Tate & Lyle PLC - Capital Markets Event

Tate & LyleAnnouncement

08/02/2023 07:00

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RNS Number : 2128P  Tate & Lyle PLC  08 February 2023

8 February 2023 - Tate & Lyle PLC

 

Tate & Lyle Capital Markets Event

 

Tate & Lyle PLC (Tate & Lyle) is today hosting a Capital Markets event
for investors and analysts.

 

The event will focus on the Group's strategy, business model, portfolio,
markets, and science-led approach which puts it at the centre of the future of
food.  The event will be hosted by Nick Hampton, Chief Executive, Dawn Allen,
Chief Financial Officer, alongside other members of the Tate & Lyle senior
management team.

 

Nick Hampton, Chief Executive said:

"Over the last five years, Tate & Lyle has been transformed into a
growth-focused speciality food and beverage solutions business.  A global
leader in sweetening, mouthfeel and fortification, Tate & Lyle creates
high-value speciality ingredients and solutions that meet growing global
demand for healthier and tastier food and drink.

 

At today's event we look forward to outlining the large and attractive markets
we operate in, our portfolio of highly functional speciality ingredients that
directly address growing consumer trends, our scientific and solutions
capabilities, how we work with customers, and our purpose-driven approach
fueling our new focus on 'Science, Solutions, Society'."

 

Performance ambition for the five years ending 31 March 2028

Today, Tate & Lyle is announcing an updated organic performance ambition
for the five years ending 31 March 2028 to deliver:

•   Revenue growth of 4% to 6% per annum, underpinned by high single digit
Food &  Beverage Solutions growth per annum

•      EBITDA growth of 7% to 9% per annum

•      Return on capital employed improvement of up to 50 basis points
per annum on average.

•      A new target to deliver US$100 million of cumulative
productivity benefits

 

Reporting changes

Reflecting its new shape, the Group is adopting a simplified disclosure
framework, moving to three segments - Food & Beverage Solutions, Sucralose
and Primary Products Europe.  As a result of this change, Central costs will
no longer be reported separately.

 

Following the Group's recent third quarter trading update on 26 January 2023,
no new material trading information or update in respect of the current
financial year ending

31 March 2023 will be provided during the event.

 

Registration is required to attend the event with details available on our
website at https://www.tateandlyle.com/investors-hub
(https://www.tateandlyle.com/investors-hub) .  The slides to be presented at
the event will be available from the investor relations section of our website
shortly before the event, and the webcast of the presentation will be
available shortly after the event.

 

END

 

For more information contact Tate & Lyle PLC:

Christopher Marsh, VP, Investor Relations

Mobile: +44 (0) 7796 192 688

 

Nick Hasell (FTI Consulting), Media Relations

Mobile: +44 (0)7825 523 383

 

About Tate & Lyle:

Tate & Lyle is a world leader in ingredient solutions for healthier food
and beverages. Supported by our 160-year history of ingredient innovation, we
partner with customers to provide consumers with healthier and tastier choices
when they eat and drink. We are proud that millions of people around the world
consume products containing our ingredients every day.

Through our expertise in sweetening, mouthfeel and fortification, we develop
solutions which reduce sugar, calories and fat, add fibre and protein, and
provide texture and stability in categories including beverages, dairy,
bakery, soups, sauces and dressings.

We have more than 3,500 employees working in around 57 locations across 39
countries. Tate & Lyle's purpose is Transforming Lives Through the Science
of Food and through our purpose we believe we can successfully grow our
business and have a positive impact on society. We live our purpose in three
ways, by supporting healthy living, building thriving communities and caring
for our planet.

Tate & Lyle is listed on the London Stock Exchange under the symbol
TATE.L. American Depositary Receipts trade under TATYY. In the year to 31
March 2022, Tate & Lyle revenue from continuing operations totalled £1.4
billion. For more information, please visit https://www.tateandlyle.com
(https://www.tateandlyle.com) or follow Tate & Lyle on Twitter
(https://twitter.com/tateandlyleplc) , Linkedin
(https://www.linkedin.com/company/tate-&-lyle) , Facebook
(https://www.facebook.com/TateandLyleCommunity) or YouTube
(https://www.youtube.com/c/TateLylePLC) .

 

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