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 for growth with renewed focus on delivering sustainable profit
- Well-invested national footprint in China with 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 three focus areas across our value chain
- Within this our three strategy ESG priorities are: climate and net zero, food waste and environmentally sustainable sourcing
- Clear commitments in place, including reaching Net Zero emissions by 2040, with good progress to date
4) DRIVING LONG-TERM VALUE CREATION UNDERPINNED BY STRONG FINANCIAL POSITION
- Robust financial performance through challenging trading environment
- Strong balance sheet and good cash generation provides flexibility to effectively deploy capital, including progressive dividend, and deliver returns
- Track record of effectively mitigating industry-wide challenges through multiple levers