Our proven and sustainable business model, centred on manufacturing fresh prepared food, is underpinned by our customer centric approach and deep understanding of consumers’ needs, which drives long-term sustainable value for our shareholders.
1 Leveraging our UK leadership position in Fresh Prepared Food (‘FPF’) to drive returns
- Clear market leader with unrivalled scale, category leadership and breadth
- Strategic customer partnerships with leading UK supermarkets
- Deep market insight and strong innovation capabilities
- Resilient supply chain and operational excellence underpin superior performance
2 Capitalising on significant growth potential in US and China
- Accelerating demand for FPF, underdeveloped in the largest global food markets
- Established a strong US platform from which to build sustainable profitable growth
- Well-invested national footprint in China with significant headroom for growth
- Leveraging Group expertise to drive growth and enhance competitive advantage
3 Focusing on building a more sustainable business
- Trusted Partner ESG strategy with clear and measurable commitments
- Food waste and carbon emission targets included in bonus metrics
- Climate goals validated by the Science Based Targets initiative
- Continual progress against our objective of providing a safe and inclusive environment
4 Driving long-term value creation underpinned by strong financial position
- Business strength and resilience proven through macro-headwinds in recent years
- Financial performance improving, balance sheet strengthened & strong cash generation
- Track record of driving efficiency improvements provides confidence in delivering medium-term margin target
- Clear capital allocation; return-enhancing capital spend, reduce leverage, progressive dividend & strategic growth