Glanbia Graduate Programme 2013 Niamh Hayden, HR Business Support Manager 9 th October 2012 Leading global nutritional solutions and cheese group
Who we are International nutritional solutions and cheese group Headquartered in Ireland with over 4,300 employees worldwide Listed on the London and Irish Stock Exchange (GLB) Market capitalisation c. 1.8 billion Revenue of 3.3 billion 2
Leading market positions across core business segments Dairy Ireland US Cheese Global Nutritionals Whey solutions Micronutrients Performance nutrition 3
Global presence Canada Mexico USA UK Ireland Belgium Nigeria Germany South Korea China Malaysia Singapore Indonesia Sales/technical support locations Manufacturing/processing and customer service locations Export/product distribution locations Uruguay Australia Strong global presence in key food markets and sectors around the world Manufacturing and processing in 7 countries, sales/technical support in 14 countries Exports/distribution to 130 countries+ 4
Dairy Ireland model Revenue 1.35 billion in 2011 Agribusiness Production and sale of farm inputs Milk production >5,000 farmer suppliers in Ireland 1.8 billion litres processed 83% 17% Dairy Ingredients Processes 30% of Irish dairy output. 1.5 billion litres of milk and 214,000 tonnes of dairybased ingredients Europe Americas Asia Africa Exports to more than 50 countries Consumer Products 0.3 billion litres of milk processed into fresh dairy products and liquid milk 2.5 million packs per day 5 Slide 5
Increasing innovation rate Stronger market growth rates Sustainable higher margins US Cheese & Global Nutritionals business model Revenue 1.38 billion in 2011 Performance Nutrition Global Nutritionals Customised Premix Solutions Ingredient Technologies US Cheese Large captive whey pool Natural business alignment Focused on building leadership positions in growth markets with good margins and scalable opportunities 6
US Cheese and Global Nutritionals US Cheese Global Nutritionals Leading producer of American-style cheddar cheese in the USA Based in high-quality, scale farming, milk supply regions Processing over 1.9 billion litres of milk Producing over 200,000* tonnes of cheese * 380,000 tonnes including SWC (JV) Ingredient Technologies Leading global supplier of high protein milk and whey concentrates, isolates and fractions Serves food, beverage and supplement markets Science-led solutions provider Two innovation centres, customer collaboration centre Global sales footprint Customised Premix Leading global supplier of customised premix blends Mixtures of vitamins, minerals and a large number of other nutraceuticals Key component of a food products nutritional content Superior service levels, deep technical knowledge and highest quality Performance Nutrition Leading brand manufacturer in US and International markets in protein for sport nutrition Complete brand, marketing, innovation and supply chain services A large and growing global market c. $4.5bn at retail pricing; growing c. 6-7% per annum 7
Joint Ventures: Business Model Revenue 541m (Glanbia share) UK Glanbia Cheese 51% interest with Leprino Foods Company USA Producing mozzarella cheese for European pizza market New Mexico Southwest Cheese 50:50 JV with The Greater South West Agency. Produces American style cheese and whey protein for sale in the US & global nutritionals markets Nigeria Nutricima 50:50 with PZ Cussons plc Selling branded consumer products including liquid condensed & powdered milk in Nigeria 8
Did you know Glanbia is the Ireland & Europe No. 1 Irish milk processor (30% of output) No. 1 Irish dairy brand No. 1 Irish supplier of farm inputs No. 1 European producer of enriched milk powders No. 1 European supplier of mozzarella (pizza) cheese North America & Global No. 1 Producer of cheddar type cheese in US No. 3 Global supplier of micronutrient premixes and solutions No. 1 Global marketer of WPI (whey protein isolate) No. 2 Global brands in performance nutrition No. 3 Consumer packaged dairy powders in Nigeria Waterford Chamber of Commerce 2012 Slide 9
Vision and strategy 10
Clear vision and growth strategy TO BE THE LEADING GLOBAL NUTRITIONAL SOLUTIONS AND CHEESE GROUP STRATEGIC PRIORITIES 1 2 3 4 Align to key growth customers and markets Science-based innovation Effective risk and capital management Operational excellence 11
Two Innovation Centres : USA & Ireland New ingredient development Nutrient profiling Applications research Clinical research Intellectual Property Purified Proteins Peptides Proteins Solutions Minerals Chromatography Electrophoresis Mineral Profile Proximate Analysis Nutritional Bars RTD Beverages RTM Beverages Prototypes Muscle Physiology Bone Health Weight Management Immune Health Patented technology to protect nutritional and functional research discovery Vascular Health Key points of strategic differentiation 12
Innovation in Ingredients Functional Ingredients & Solutions Nutritional Ingredients & Solutions 13
Innovation in Performance Nutrition New product introduced over last 3 years now comprise 20%+ of revenues 14
Innovation in Consumer Dairy Adding value to dairy milk and food brands Best Fresh Milk Value Added Milk range Milk as a drink Superior Kerrygold spreads Value-added Avonmore Cheese, Butter, Cream & Spreads 15
Glanbia Graduate Programme 2013 16
Glanbia Graduate Programme 2013 Where YOU are now Formal education nearing completion Looking to choose a career direction 17
Glanbia Graduate Programme 2013 Glanbia s Programme Key Development Platform for the Company; the objective is to recruit high quality people with potential. Hire skills now that will be required to deliver our future strategy. Rotated in Ireland and abroad between business units in a 2/3 year programme depending on your sector and your performance. 18
Glanbia Graduate Programme 2013 Structure Programme is structured to provide each individual with an opportunity to develop their capabilities of a 2 year period, or 3 years for accounting qualification. Each placement is tailored to develop your strengths, fast-track your development. Placement opportunities in the USA, Canada, China, Germany and the UK in addition to our Irish locations. Usually a number of placements in different Glanbia divisions. Continuous training, graduates receive full support for the duration of the programme. Role Specific Training ensures the graduate is fully prepared for the responsibilities and goals set out for them.
Glanbia Graduate Programme 2013 Recruiting Graduates from following disciplines: Food / Nutritional Science Engineering: Chemical/Process & Mechanical Finance and Accounting Marketing IT: Computer Science, Digital Media, BIS, ecommerce Human Resources 20
Glanbia Graduate Programme 2013 It s a two way contract: we call it the Gives and Gets 21
Glanbia Graduate Programme 2013 What do you get? Learning in a dynamic business environment Placements in Glanbia Business Units; selected assignments; international experience. Training contract towards a Professional qualification for accountants Opportunity to gain a Diploma in Accounting & Business for others Personal Development Programme in conjunction with IMI Career option in Glanbia on completion of Graduate Programme 22
Glanbia Graduate Programme 2013 What do we expect? Total commitment - to the best of your ability Trust and loyalty Flexibility embrace positive change Positive attitude energise your colleagues Take advantage of opportunities Willingness to travel travel to grow We want you to be inspired- to open your minds To challenge and to be challenged 23
Glanbia Graduate Programme 2013 What will it feel like? It will be different From Collegiate to Corporate Complex Business models Steep learning curve But in essence it s about working with people to reach a common target To be efficient and productive 24
Glanbia Graduate Programme 2013 What support will you have? Role models; mentors Plenty of support if you look for it Glanbia has many successful role models for you Success breeds success Be part of the winning team 25
Glanbia Graduate Programme 2013 Application Process Complete on-line application Aptitude Testing 1 st Round Interview 2 nd Round Interview Selection
Glanbia Graduate Programme 2013 What we are looking for: The Ideal Candidate will have: A minimum 2.1 honours degree A European language Be internationally mobile Be highly motivated and a proven self starter Possess a record of high achievement Enthusiastic about engaging in new projects and working as part of a team A desire to further their skills and capabilities
Glanbia Graduate Programme 2013 Visualise and dream a bit? I shall be telling this with a sigh Somewhere ages and ages hence: Two roads diverged in a wood, and I, I took the one less travelled by, And that has made all the difference Robert Frost 28
Glanbia Graduate Programme 2013 Thank You! 29