Campofrio Food Group 2015 1 Key Facts 8 business units + 2 Joint Ventures Romania France (cooked products) 27 manufacturing facilities 407,500 tons - total annual volume 1.9 billion euros annual sales Company headquarters in Madrid Source: Campofrio Food Group - December 2014 2 Note: Figures do not include Caroli Foods Group and Jean Caby Group Structure * 8 business units + Caroli Foods Group (Romania) Joint Venture between CFG and Caroli + Jean Caby (France) Joint Venture between CFG and Foxlease Foods 3 * Formerly Fiorucci Foods USA Campofrio Food Group is the largest European operator in the processed meats… 8 business and Joint Ventures in Romania and France that are leaders in most of their markets / categories Belgium (#2) & Luxembourg 5 manufacturing plants CFG America 1 manufacturing plant 4 Spain (#1) 9 manufacturing plants Portugal (#1) 1 manufacturing plants France (#1) & Switzerland 7 manufacturing plants Jean Caby – JV 1 manufacturing plant The Netherlands (#2) 2 manufacturing plants Italy (#3) 2 manufacturing plants Germany 1 Sales/Marketing office Romania (#1) - JV 1 manufacturing plant And leading position in the local markets No.1 in Spain No.1 in France No.1 in Portugal No.2 in The Netherlands No.2 in Belgium No.1 with JV in Romania • a strong presence in Italy • a relevant presence in Germany • fast growing in the Americas premium niche business 5 France & Switzerland Groupe Aoste Nº of manufacturing plants Products 7 Cooked Ham, Poultry, Dry Cured Ham, Dry Sausages, Spreads, Snacks HQ: St Priest 6 + Jean Caby, Joint Venture between CFG and Foxlease Foods Brands manufactured in the BU Spain Campofrio (Processed Meats) Nº of manufacturing plants 8 Cooked Ham, Poultry, Dry Cured Ham, Dry Products Sausages, Hot Dogs, Cold Cuts, Pizzas, HQ Madrid Ready Meals, Spreads, Snacks 7 Brands manufactured in the BU Spain Carnes Selectas (Fresh Meat) Nº of manufacturing plants Products 1 Fresh and Semi-processed Fresh Meats HQ Madrid 8 Brands manufactured in the BU US CFG America 9 Nº of manufacturing plants 1 Products Dry Cured Ham, Dry Sausages, Snacks Richmond, VA Germany CFG Deutschland Sales & Marketing office 1 HQ: Essen Products Cooked Ham, Poultry, Dry Cured Ham, Dry Sausages, Snacks 10 Italy Fiorucci Nº of manufacturing plants Products 2 Cooked Ham, Poultry, Dry Cured Ham, HQ: Pomezia Dry Sausages, Hot Dogs, Mortadella, Snacks 11 Brand manufactured in the BU Belgium & Luxembourg Imperial Meat Products Nº of manufacturing plants Products 5 Cooked Ham, Poultry, Dry Cured Ham, Dry Sausages, Hot Dogs, Spreads, Snacks 12 HQ: Lovendegem Portugal Nobre Nº of manufacturing plants 1 Cooked Ham, Poultry, Dry Cured Ham, Products Dry Sausages, Hot Dogs, Snacks, Ready Meals, Meal Components HQ: Rio Maior 13 Brands manufactured in the BU The Netherlands Stegeman Nº of manufacturing plants 2 HQ: Deventer Cooked Ham, Poultry, Dry Cured Ham Products Dry Sausages, Cooked Sausages, Liver Sausages, Snacks, Spreads 14 Brand manufactured in the BU Our Vision United by our desire to provide consumers the pleasure of everyday tasty moments which contribute to a healthy and enjoyable lifestyle, our commitment to lead and own transformative change in the meat based product sector and our passion to exceed the expectations of all those who put their trust in us, we shall leverage the talent of our people and the heritage of our products and brands to become one of Europe’s most admired and successful food companies within the first decade of our existence as Campofrio Food Group. Our commitment 15 Our Mission People By inspiring a high level of commitment to our vision of becoming one of Europe´s most admired and successful food companies, we will enable the alignment of our People, Products, Processes and Prestige toward the fulfillment of this shared destiny. We will attract and retain the most knowledgeable, talented, committed and passionate people who together will challenge the status quo to bring added value to our consumers, customers, partners and shareholders. Products We will be industry innovators, tirelessly seeking to provide our consumers products which perfectly answer their desire for taste, quality, healthiness, choice and value, earning the preference of their loyalty. Processes We will benchmark our success, assuring that everyone of our processes ranks among the elite and that we lead our industry in brand market share, own label product performance, quality, growth, customer satisfaction and profitability. Prestige We intend to transform our industry and will lead change by example. Our commitment to both performance and high ethical and environmental standards will allow us to be regarded as an employer of choice and earn the admiration of all stakeholders. 16 Our Core Values Leveraging DIVERSITY Respecting and honoring diversity is the cornerstone to bring change, improvement, renovation and reinvention. Fostering ENTREPRENEURSHIP Entrepreneurship will ignite change, make us bolder and accelerate speed to market. Demonstrating COMMITMENT Our demonstration of commitment shows responsibility wins both trust and respect and will guide us to success. Building RELATIONSHIPS Building relationships and placing value teamwork builds loyalty and confidence and will optimize the way we do business. 17 Our Products Processed Meat Products Dry Cured Ham Dry Sausages Cooked Ham Poultry Mortadella & Cold Cuts Cooked Ham Hot Dogs Dry sausages Dry Cured Ham Mortadella & Cold Cuts Hot Dogs Pizzas & Ready Meals Poultry Pâtés Ready Meals 21% 18 Pâtés We cover all key product segments of the processed meats category, with a focus on Cooked Ham, Hot Dogs, Dry Sausages, Poultry and Dry Ham on a European Level. Our Brands About two thirds of our sales are branded products, representing the highest possible standards of quality and taste for our consumers Although these brands still have very strong roots in their country of origin, where they have been built on years of tradition in the art of making the finest “charcuterie” products, some of them are already well-known in other European countries, such as Campofrio, Fiorucci and Aoste. Because we believe that investing in strong brands consists in having the best possible structured portfolio of both local and European brands and products, developing best practice approaches to product management, and keeping a very determined focus on the actual return of all our marketing investments, we are also able to maximize the efficiency of our response to our customers. GROUPE AOSTE France & Switzerland CAMPOFRIO Spain CFG AMERICA USA CFG DEUTSCHLAN D Germany FIORUCCI Italy IMPERIAL MEATS Belgium & Luxembourg NOBRE STEGEMAN Portugal The Netherlands Brands refer to manufactured brands in each BU 19 Note: Oscar Mayer and Weight Watchers are licensed brands CAROLI FOODS GROUP JEAN CABY Romania France New Market Development We reach more than 250 million consumers worldwide through our new market development efforts with an active presence in four continents and more than 80 different destination countries. The export model of Campofrio Food Group provides a unique competitive advantage that none of its rivals can replicate: a complete response to consumers’ wants through its presence in the key nations across all five continents, enabling them to enjoy the food they love wherever they are. 20 Global Executive Committee Chairman Pedro Ballvé Lantero CEO Fernando Valdés Regional MD North Europe Patrick Collin 21 Regional MD South Europe & USA Ignacio González Chief Marketing & Sales Officer Jaime Lobera Chief Integrated Supply Chain Officer Morten Jensen Chief HR & Legal Officer Remedios Orrantia Chief Finance & IST Officer Paulo Soares A bright future with leading industrial partners • Sigma produces a wide variety of processed meats, cheese, yogurt and prepared meals, which it markets under leading brands • WH Group Limited is the largest pork company in the world with number one market share in China, the US and key markets in Europe • Sigma operates 41 plants and 136 distribution centers, and serves 440,000 points of sale in North, Central and South America and the Caribbean • It owns many well-recognized and trusted brands and operates across all key segments of the pork value chain • • For the twelve-month period ended March 31, 2014: It is a privately held company that owns, among others, the largest meat processors and hogs producers worldwide (Smithfield Foods, based in US) and the largest animal protein company in Asia (Henan Shuanghui Investment & Development Co., Ltd, based in China) • • More than 1 million tons • Sales reported: U.S. $3,887 million • EBITDA reported: U.S. $ 525 million • Sigma employs more than 30,000 people Sigma is part of Alfa (17,000 million and 60.000 employees across 18 countries) 22 Our Identity 23
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