cvgw - calavo growers 2015 spring_1.0.pdf · cvgw . except for the historical information contained...
TRANSCRIPT
Except for the historical information contained herein,
this presentation contains forward-looking statements
that involve known and unknown risks, uncertainties
and other factors that could cause the actual results of
the company to be materially different from the
historical results or from any future results expressed
or implied by such forward-looking statements.
Safe Harbor Statement
2"CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+
5"CONFIDENTIAL+©2013+Calavo+Growers,+Inc.+
WE EXPECT THE U.S. WILL CONSUME
AT LEAST 2 BILLION POUNDS IN FY 2015
VERSUS
1.65 BILLION IN 2014 AND
483 MILLION IN 2001 !CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+
6"
HISPANIC INFLUENCE
- MEXICO CONSUMES 28 LBS PER PERSON
COMPARED TO 5.5 IN THE U.S.
!
HEALTHY EATING TRENDS
- IMMUNITY - TEETH AND BONES - CARDIOVASCULAR
- MUSCLE DEVELOPMENT - SKIN HEALTH
- DIGESTION AND METABOLISM !
CONFIDENTIAL+©2013+Calavo+Growers,+Inc.+CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+
7"
INDUSTRY IS INVESTING ~$55 MILLION ANNUALLY TO INCREASE
THE AWARENESS OF AVOCADOS IN THE U.S.
!
CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+
*2011!YEAR*TO*DATE!AS!OF!1/31/2011!
9"
CURRENT MAIN SUPPLY
SOURCES "
FUTURE ADDITIONAL MAIN SUPPLY SOURCES "
CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+
RIPE AVOCADOS
!
10"10"
Near infrared technology separates fruits based on
internal maturity
CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+
13"
GUACAMOLE AND AVOCADO PRODUCTS
ARE BECOMING MAINSTAYS OF THE
AMERICAN DIET WHEN EATING-IN AND EATING-OUT
!
CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+
15"Growth
="
CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+ 15"
CALAVO FOODS MARGINS IMPROVING
10.2% Q4 2013
19.4% Q4 2014
24.6% Q1 2015
37.7% Q2 2015 CONTINUING TO
INCREASE THROUGHOUT 2015
!
16"
REVENUE GROWTH;
32% 2014
23% 1H 2015
$252 MILLION 2014 +
CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+
WEST+Sacramento,+CA+
NORTHWEST+Portland,+OR+
MIDWEST+Indianapolis,+IN+
NORTHEAST+Rosenhayn,+NJ+
SOUTHWEST+Houston,+TX+
17"
PLANT FACILITIES
CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+
SHORTENING THE SPEED TO MARKET OF FRESH FOOD
NATIONALLY
Infrastructure CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+ 18"
CONFIDENTIAL ©2015 FreshRealm, LLC 28
Food Variety Available
fruits
veggies
ingredients
meals
snacks
deli
CONFIDENTIAL ©2015 FreshRealm, LLC 29 CONFIDENTIAL+©2014+Calavo+Growers,+Inc.+
+ =
Capitalizing on existing food-making
infrastructure.
CONFIDENTIAL ©2015 FreshRealm, LLC 30
+
Instant refrigerated shipping fleet.
No need to put new trucks on the road.
=
CONFIDENTIAL ©2015 FreshRealm, LLC 33
Paleo
Veggie Options
Chef Designed
Sustainable Meats
Already Prepped
delivery
slesseVslaem
pickup
orde
rs
orders
new offerings
FRESHREALM DUOLC
FOOD MAKER
FOOD MERCHANT
FOOD PACKER
CARRIER
SHOPPER
HOME
FOOD GROWER
whole produce
just in time
CONFIDENTIAL ©2015 FreshRealm, LLC 34
How it Works.
Vessel Requirements
Maintain Temp Range
Protect Cargo
Meet Packer Needs
Work Within Shipper Requirements
Embrace “Reduce, Reuse, Recycle”
Provide “Wow” Experience
The reusable, refurbishable Vessel replaces current
single-use packaging methods.
CONFIDENTIAL ©2015 FreshRealm, LLC 36
Drawer design allows for the maximum amount of food to fit in the Vessel.
CONFIDENTIAL ©2015 FreshRealm, LLC 37
Insulation system keeps contents chilled until 9 p.m.
the evening of delivery.
CONFIDENTIAL ©2015 FreshRealm, LLC 38
43"CONFIDENTIAL+©2013+Calavo+Growers,+Inc.+
Calavo Past Performance
CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+
Revenue Growth
44"CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+
$303 M $783 M
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
2007 2008 2009 2010 2011 2012 2013 2014 2015
MIL
LIO
NS
*$416m+through+6Umonths+
*
Earnings Growth excl non-cash of earn-out
45"CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+
$0.00
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
2007 2008 2009 2010 2011 2012 2013 2014 2015
MIL
LIO
NS
$0.51 EPS $1.45 EPS
*
*$0.79m+through+6Umonths+
Dividend Growth
46"CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+
$0.00
$0.10
$0.20
$0.30
$0.40
$0.50
$0.60
$0.70
$0.80
2007 2008 2009 2010 2011 2012 2013 2014
MIL
LIO
NS
$0.35 $0.75
48"CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+
“On track to post record revenues and earnings
per share in fiscal 2015.”
CONFIDENTIAL+©2013+Calavo+Growers,+Inc.+
Please contact Michael Lippold with questions; 805.328.1758