Investors Our transformation to a brand-led business Since 2008, we have transformed from a dairy co-operative with a strong regional cheese brand into a diversified, branded, food and beverage business. This transition from a commodity-led to a brand-led company is positioning the Bega Group for higher and more consistent earnings. We will continue to strengthen and grow as a branded food products company, which creates value for our customers, consumers, suppliers and investors, and advances us towards our vision to become The Great Australian Food company. Our business model Our business model is built around an integrated value chain that supports our growth as a branded food manufacturer. Our capabilities give a competitive advantage and enhance potential returns to shareholders: 1. A diversified portfolio of market-leading brands in large food categories Our top eight brands contribute over 74% of branded revenue and include both essential consumer items and discretionary purchases. Many are iconic Australian brands with enduring consumer appeal. We operate in categories bought by the majority of Australian families, which have shown resilient demand through economic cycles and present growth opportunities even with high household penetration. 2. Extensive, efficient logistics and distribution network We have a highly efficient national chilled distribution network that delivers fresh food products daily across Australia. We connect metropolitan and regional Australia via large road/rail vehicles through to small route trucks. The breadth and scale of this distribution reach, and our trusted partnerships with our customers, enable our brands to be at the most favourable points of purchase, serving consumers where they want to buy. 3. Strong, direct links with farmers and suppliers We are one of Australia’s largest milk purchasers, with direct farmer supply contracts in multiple dairying regions of Australia. 4. Comprehensive, robust and flexible supply chain Our manufacturing sites are situated near major food and milk-producing regions and key distribution points in our logistics network. This supports branded value creation through cost-effective manufacturing at scale and national availability of our key branded consumer products. The site footprint and supply chain integration between our Bulk and Branded businesses help us maximise the benefits from the milk we collect for the Bega Group products. These benefits include balancing seasonal fluctuations in milk supply with demand, optimising milk procurement costs and increasing the value generated from the protein surplus of the branded business. Our strategic priorities We are a purpose-led organisation, and our business structure, vision and culture create an aligned and forward-looking organisation. Our actions link with our sustainability commitments, which are fundamental to building trust with our stakeholders and delivering ongoing growth and value for our shareholders. Over the next five years, we will continue to strengthen our position as a leading branded food manufacturer through six strategic priorities underpinned by the foundation of Organisational Enablement. Discover insights into our financial and operational performance, find details about upcoming events, and access information on dividends. Financial year 2024 – the value we created $30.5m profit after tax $24.4m dividends declared for FY2024 $1.5bn paid for milk and ingredients $62m invested in food manufacturing1 $1.8bn est. retail sales generated2 $257m branded export revenue generated 97% of Australian households were fed with a Bega Group product3 Relevant capital and research & development expenditure in FY2024 Data sourced from Circana Market Edge, AU Grocery Unweighted and AU Convenience, 12 months to 30 June 2024 (Measured Market). Circana IHP panel data (MAT to 16 June 2024)
2. Extensive, efficient logistics and distribution network We have a highly efficient national chilled distribution network that delivers fresh food products daily across Australia. We connect metropolitan and regional Australia via large road/rail vehicles through to small route trucks. The breadth and scale of this distribution reach, and our trusted partnerships with our customers, enable our brands to be at the most favourable points of purchase, serving consumers where they want to buy.
Our strategic priorities We are a purpose-led organisation, and our business structure, vision and culture create an aligned and forward-looking organisation. Our actions link with our sustainability commitments, which are fundamental to building trust with our stakeholders and delivering ongoing growth and value for our shareholders. Over the next five years, we will continue to strengthen our position as a leading branded food manufacturer through six strategic priorities underpinned by the foundation of Organisational Enablement.