At a Glance

Tegel is New Zealand’s leading poultry producer, and has been part of New Zealanders’ lives since 1961. The company is involved in feedmilling, breeding, hatching, processing, marketing, sales and distribution of poultry products across New Zealand and to selected international markets. Tegel is an iconic New Zealand heritage brand offering a broad range of cage free (barn raised) and free range poultry products. The company produces fresh and frozen whole chickens and portions, value added main meals, snacks and convenience meal options. Tegel is also New Zealand’s largest producer of turkey, supplying whole turkeys and value added roasts both domestically and internationally. In addition to Tegel branded products, Tegel also manufactures a range of free range products under the Rangitikei brand, as well as sausages and processed meats under the Top Hat brand. Domestically, Tegel’s products are supplied to major supermarkets, other retail outlets, processors, hotels, restaurants, distributors and quick service restaurants (QSR). Tegel exports a range of premium New Zealand chicken products internationally, proudly promoting “Pure New Zealand Premium Chicken”. Tegel’s operations include major processing facilities in Auckland, New Plymouth and Christchurch.

These highly sophisticated and automated processing facilities are fully accredited and independently audited to meet globally recognised food safety and quality standards. To align with the demands of many of the company’s international markets, Tegel’s world class production facilities are also halal certified. Tegel employs over 2,300 people nation-wide.

PURPOSE:

Helping families eat well every day.

VALUES:

We Love Food, We Do The Right Thing, Passionate People, Powerful Teams, Imagination With Action.

RESPONSIBLE BUSINESS:

Tegel is committed to meeting the highest standards of corporate social responsibility in its business activities. The company recognises that it has a direct and indirect impact on the communities where it operates. Tegel acknowledges this and is committed to making a positive contribution to its employees, the communities in which it operates and to the environment.

High quality, naturally healthy birds from New Zealand

  • New Zealand has a unique status as being free of the three major avian diseases1
  • Vaccinations are not required, birds are grown with no added hormones and are not genetically modified
  • Strict biosecurity with protected borders prohibiting imports

100% New Zealand raised

  • All Tegel’s chickens and turkeys are locally farmed in New Zealand
  • All birds are raised cage free in large open barns, or free range

Strict compliance with all applicable New Zealand animal welfare standards and all regulations across Tegel’s entire production process

  • Animal health, welfare and nutrition are a primary focus of Tegel’s agricultural operations
  • All Tegel farms are independently audited by AsureQuality to ensure they meet or exceed the requirements of the NZ Animal Code of Welfare
  • Strong reputation increases Tegel’s ability to access international markets and achieve premium product positioning amongst global consumers

Sustainable And Efficient Business

Tegel’s poultry production is more efficient and sustainable than that of dairy, lamb, beef or pork, based on:

  • World class feed conversion ratio (FCR) – lower feed use per kg of food produced
  • Lower water use per kg of food produced
  • Fewer hectares used per kg of food produced
  • Less effluent produced per kg of food produced

Major avian diseases are Avian influenza (bird flu), Newcastle’s Disease and Infectious Bursal Disease

Tegel’s vertically integrated business model aims to ensure efficiency and control at
all stages of production as well as the delivery of high quality product to customers

Where we are

1

New Zealand

Market leader with 52% market share, serving all channels with core, further processed and value added products

2

AUSTRALIA

Partnering Retail, QSR and Industrial customers with further processed and value added products

3

PACIFIC REGION

Serving 13 countries with products into Retail, QSR and Foodservice channels

4

PHILIPPINES

Partnering with major QSR customer

5

HONG KONG

Partnering leading Supermarket and Foodservice customers with Cage Free and Free Range products

6

UNITED ARAB EMIRATES

Partnering leading Supermarket and Foodservice customers with a range of over 50 Cage Free and Free Range products

* Aztec retail scan data April 2017 and management estimates for non-retail channels

Key Financials

Volume (T)

REVENUE ($m)

UNDERLYING EBITDA ($m)1

* 52 week basis

1 Underlying EBITDA refers to earnings before interest, tax, depreciation and amortisation. Underlying EBITDA is a non-GAAP profit measure. Tegel uses Underlying EBITDA as a measure of operating performance. Underlying EBITDA excludes the effects of certain IFRS fair value adjustments and items that are of a non-recurring nature. A reconciliation of Underlying EBITDA to net profit after income tax is provided in note 2.1 of the financial statements contained in the 2018 Financial Statements.

Governance

Chairman: David Jackson

David was appointed to Tegel’s Board in March 2016 and appointed Chairman on 5 May 2017. He is a member of the Audit and Risk Committee and the Governance and Remuneration Committee. During his more than 30 year professional career with EY, David gained global experience working with major national and international companies. David has developed his extensive experience in corporate governance, capital structures, reporting requirements, audit and risk management.

Chief Executive Officer: Phil Hand

Phil has been CEO of Tegel since February 2014 and a director on the Tegel Board since March 2014. Phil has spent his career in the food industry. He joined Tegel in December 2007 as General Manager of Operations with responsibilities extending to the processing plants, supply chain to customer, Employee Health and Safety and Technical and Compliance. Previously Phil was Managing Director of Goodman Fielder Baking New Zealand and has held various other management and operational roles across a broad range of food companies.

Chief Financial Officer: Peter McHugh

Peter was appointed CFO of Tegel in December 2014. As CFO, Peter is responsible for all finance, legal, company secretarial and information technology functions. Peter is an experienced financial and accounting professional, with over 25 years of experience in accounting professional services, corporate finance and senior management roles.

Tegel Group Executive Team

Phil Hand (Chief Executive Officer), Peter McHugh (Chief Financial Officer), Christine Cash (GM, Strategy & Business Development), Evelyn Davis (GM, Human Resources), John Russell (GM, Agriculture and Supply), Austin Laurenson (GM, Business Improvement), Ed Campion (GM, Operations), Malcolm Clack (GM, Sales).

Tegel Board of Directors

David Jackson (Chairman), Phil Hand (CEO and Executive Director), Tang Kok Yew (Non-Executive Director), Brett Sutton (Non-Executive Director), George Adams (Independent Non-Executive Director, Chair of Governance and Remuneration Committee), Bridget Coates (Independent Director, Chair of Audit and Risk Committee).

Share Listing

Tegel Group Holdings Limited

Dual listed on the NZX and ASX

Ticker: TGH

NZ company number: 3233930

ARB number: 611 273 539

Total number of shares in issue: 355,906,183

 

Company Advisors

Auditor:

PricewaterhouseCoopers

Lawyers:

Minter Ellison Rudd Watts

Bankers:

Westpac Banking Corporation

Registrar:

Computershare Investor Services Limited

 

Company Information

Registered Office:

100 Carlton Gore Road, Newmarket, Auckland, 1023, New Zealand

Postal Address:

Private Bag 99927, Newmarket, Auckland, 1149

Telephone:

0800 4 TEGEL (0800 483 435)
+64 9 977 9002

Website:

www.tegel.co.nz

 

Contacts

Investor Relations enquiries:

Aleida White,
Investor Relations Manager,
+64 9 977 9119,
investorrelations@tegel.co.nz

Media enquiries:

Bridget Beaurepaire,
Corporate Affairs & Communications Manager,
+64 9 977 9244

Company Secretary:

Peter McHugh

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