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 Strengthening 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 grocery retailers
- 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
- Enhancing US platform with renewed focus on delivering 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
- Dedicated Trusted Partner ESG strategy with clear and measurable commitments across three focus areas
- Food waste and carbon emission targets within our bonus metrics help to embed ESG across the business
- Climate goals verified by the Science Based Targets initiative provide further focus on decarbonisation
- Continual progress against our objective of providing a safe and inclusive environment for all of our colleagues
4 Driving long-term value creation underpinned by strong financial position
- Robust financial performances in the face of macroeconmic headwinds
- Track record of effectively mitigating industry-wide challenges through multiple internal levers
- Clear capital allocation policy delivers value-enhancing capital spend and reduced leverage
- Strong cash generation enables a progressive dividend policy, delivering returns for our shareholders