TSX: MFI
www.mapleleaffoods.com
The Company's vision to be the most
sustainable protein company on earth provides the path to
create shared value and deliver the next phase of margin
expansion
MISSISSAUGA, ON, Nov. 8, 2017 /CNW/ - Maple Leaf Foods (MFI: TSX)
hosted its 2017 Investor Day today, focusing on the Company's
strategies to become the most sustainable protein company on earth
as the path to create shared value and deliver the next phase of
margin expansion.
"Our world faces enormous social and environmental issues, and
the sustainability of our food system is at the centre of many of
these challenges," said Michael
McCain, President and CEO. "Maple Leaf is prepared to lead
and prepared to change, and we believe addressing these critical
issues will catalyze tremendous value for society and growth for
our company. This is true to who we are and builds on the material
progress we have made over many years in creating shared
value."
Since 2014, Maple Leaf has focused its business in value-added
protein and established a highly efficient, competitive supply
chain in its branded prepared meats operations. This has delivered
a structural expansion in its margin and significantly increased
its return to shareholders, including a 200% increase in share
price in the past five years. The Company has a five-year goal to
further expand its adjusted EBITDA margin from ~10% to a range of
14%-16%.
Maple Leaf has six strategic growth platforms to deliver the
next phase of margin expansion: Lead in Sustainability; Invest in
Our People; Make Great Food; Broaden Our Reach; Build a Digital
Future; and Eliminate Waste. Each of these strategies is aligned to
the Company's purpose to Raise the Good in Food and its vision to
become the most sustainable protein company on earth. Some of these
initiatives include:
- Strategically positioning and differentiating its brands to
align to the Company purpose, encompassing artisanal taste and
craftsmanship, nutrition, sustainability and accessibility;
- Growing its position in the rapidly growing market for
sustainable meat through continued sales expansion across
North America;
- Building market leadership in the rapidly growing plant-based
proteins segment;
- Increasing social impact through the Maple Leaf Centre for
Action on Food Security, a non-profit organization focused on
innovation, knowledge transfer and advocacy;
- Advancing leadership in animal welfare through transitioning to
enhanced open sow housing, implementing remote video auditing, and
investing in enrichment, humane transportation and C02
stunning;
- Aggressively pursuing actions to reduce the impact of meat
production and overconsumption on the environment and deliver its
goal to reduce the Company's footprint by 50% by 2025.
A webcast of the presentations will be available by November 11th at
http://investor.mapleleaf.ca/phoenix.zhtml?c=88490&p=irol-audioarchives.
Investor Day presentations and the webcast will also be available
on the Company's website in the Investor section under
Investor Information/Presentations &
Webcasts.
About Maple Leaf Foods Inc.
Maple Leaf Foods Inc. is a
leading consumer protein company, making high quality, innovative
products under national brands including Maple Leaf®, Maple Leaf
Prime®, Maple Leaf Natural Selections®, Schneiders®, Schneiders®
Country Naturals®, Mina® and Lightlife®. Maple Leaf employs
approximately 11,500 people and does business in Canada, the U.S. and Asia. The Company is headquartered in
Mississauga, Ontario and its
shares trade on the Toronto Stock Exchange (MFI).
SOURCE Maple Leaf Foods Inc.