Bringing Convenience to Good Food

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Bringing Convenience to Good Food Greencore Group plc Annual Report and Accounts 2009 Greencore Group plc About Greencore greencore.com Bringing Convenience to Greencore Group plc is a leading convenience food business with an annual turnover in excess of €1.1 billion. It has manufacturing facilities in four Annual Report and Accounts 2009 Good Food countries of the European Union and in the United States and employs over 7,500 people. There are two divisions within the company: Convenience Foods and Ingredients & Related Property. Greencore vision Our vision is to be a leading international food company delivering convenient, premium-quality meal and snack solutions to retailers and foodservice providers at prices the majority of today’s consumers can afford every day. Greencore will strive to be the acknowledged leader supplying markets where quality, freshness and convenience are valued. Greencore Group plc No. 2 Northwood Avenue Northwood Business Park Santry Dublin 9 Tel: +353 1 605 1000 Fax: +353 1 605 1100 Annual Report and Accounts 2009 WorldReginfo - c10129d5-f16a-4889-83af-6b7c37978546 Greencore Group plc Annual Report and Accounts 2009 Greencore Group plc About Greencore greencore.com Bringing Convenience to Greencore Group plc is a leading convenience food business with an annual turnover in excess of €1.1 billion. It has manufacturing facilities in four Annual Report and Accounts 2009 Good Food countries of the European Union and in the United States and employs over 7,500 people. There are two divisions within the company: Convenience Foods and Ingredients & Related Property. Greencore vision Our vision is to be a leading international food company delivering convenient, premium-quality meal and snack solutions to retailers and foodservice providers at prices the majority of today’s consumers can afford every day. Greencore will strive to be the acknowledged leader supplying markets where quality, freshness and convenience are valued. Greencore Group plc No. 2 Northwood Avenue Northwood Business Park Santry Dublin 9 Tel: +353 1 605 1000 Fax: +353 1 605 1100 Annual Report and Accounts 2009 WorldReginfo - c10129d5-f16a-4889-83af-6b7c37978546 Greencore Group plc Annual Report and Accounts 2009 Greencore Group plc Annual Report and Accounts 2009 117 Shareholder and Other Information Company Overview Greencore Group plc is an Irish registered company. Its ordinary shares are quoted on the Irish Stock Exchange and the Group Facts London Stock Exchange. Greencore has a level 1 American Depositary Receipts (ADR) programme for which the Bank of 2 Greencore at a Glance > A leading international producer of New York acts as depositary (Symbol: GNCGY). Each ADR share represents four Greencore ordinary shares. 4 Chairman’s Statement Leading 5 Highlights convenience food with operations in Shareholding Statistics as at 15 December 2009 Market position Number of holders Ordinary shares Range of shares held Number % Number % Business Review the UK, the US and the Netherlands (in north east US) > > 1-1,000 5,630 50.9 2,117,500 1.0 8 Chief Executive’s Review Strong market leadership positions Chilled entrees 1,001-5,000 4,090 37.0 9,205,092 4.5 > Chilled salads 11 Key Performance Indicators > 5,001-10,000 736 6.7 5,198,133 2.5 14 Divisional Review in the UK convenience food market Sandwiches 10,001-25,000 351 3.2 5,284,286 2.6 – Convenience Foods across sandwiches, chilled prepared 25,001-100,000 136 1.2 6,571,874 3.2 18 Divisional Review 100,001-250,000 45 0.4 7,083,022 3.4 meals, chilled sauces and soups, 250,001-500,000 21 0.2 7,318,777 3.6 – Ingredients & Related Property Over 500,000 46 0.4 162,928,540 79.2 22 Financial Review ambient sauces and pickles, cakes 11,055 100.0 205,707,224 100.0 26 Principal Risks and and desserts and Yorkshire puddings Uncertainties Financial Calendar 30 Corporate Responsibility Review > Extending presence outside the UK Record date for 2009 final dividend 4 December 2009 36 Board of Directors Annual General Meeting 11 February 2010 with a fast-growing convenience Payment date for 2009 final dividend 1 April 2010 Corporate Governance food business in the US Half yearly financial report May 2010 38 Directors’ Report Financial year end 24 September 2010 41 Corporate Governance Report > Interim Management Statement August 2010 An established ingredients supplier Interim dividend payment October 2010 45 Report on Directors’ Preliminary announcement of results November 2010 Remuneration with leading market positions in 50 Statement of Directors’ malt production for the brewing Advisers and Registered Office Responsibilities Company Secretary Registrar & transfer office Stockbrokers American Depositary and distilling industries in Ireland, CM Bergin BA Computershare Investor Goodbody Stockbrokers Receipts Financial Statements the UK and Belgium Dip Legal Studies Services (Ireland) Limited Ballsbridge Business Park The Bank of New York 52 Independent Auditor’s Report Market position (UK) Solicitor Heron House, Corrig Road Ballsbridge 101 Barclay Street Sandyford Industrial Estate Dublin 4 22nd Floor – West 54 Group Statement of > Sandwiches* Key > Registered office Dublin 18 New York NY 10286 Accounting Policies Branded chilled ready meals No. 2 Northwood Avenue Investec Securities USA 66 Group Income Statement Convenience Foods > Quiche Northwood Business Park Solicitors 2 Gresham Street 67 Group Balance Sheet Ingredients & Related Property > Own label cooking sauces Santry Arthur Cox London EC2V 7QP Website 68 Group Cash Flow Statement Office Locations and pickles Dublin 9 Earlsfort Centre UK www.greencore.com 69 Group Statement of Recognised > Chilled sauces Earlsfort Terrace Income and Expense Auditor Dublin 2 All figures TNS Worldwide 52wk > 70 Notes to the Group Christmas cakes KPMG to 4 Oct 09 except where denoted: Financial Statements 1 Stokes Place Slaughter and May 112 Company Statement of * TNS impulse Food to Go Panel St Stephen’s Green One Bunhill Row + Dublin 2 London EC1Y 8YY Accounting Policies IRI # UK 114 Company Balance Sheet 115 Notes to the Company Eversheds Financial Statements 1 Bridgewater Place 117 Shareholder and Other Water Lane Information Leeds LS11 5DR UK €1.1bn €794m € Group Turnover Convenience Foods Turnover Ingredients309m & Related Property Turnover You can also view this report online at http://ar2009.greencore.com/ WorldReginfo - c10129d5-f16a-4889-83af-6b7c37978546 Greencore Group plc Annual Report and Accounts 2009 Greencore Group plc Annual Report and Accounts 2009 117 Shareholder and Other Information Company Overview Greencore Group plc is an Irish registered company. Its ordinary shares are quoted on the Irish Stock Exchange and the Group Facts London Stock Exchange. Greencore has a level 1 American Depositary Receipts (ADR) programme for which the Bank of 2 Greencore at a Glance > A leading international producer of New York acts as depositary (Symbol: GNCGY). Each ADR share represents four Greencore ordinary shares. 4 Chairman’s Statement Leading 5 Highlights convenience food with operations in Shareholding Statistics as at 15 December 2009 Market position Number of holders Ordinary shares Range of shares held Number % Number % Business Review the UK, the US and the Netherlands (in north east US) > > 1-1,000 5,630 50.9 2,117,500 1.0 8 Chief Executive’s Review Strong market leadership positions Chilled entrees 1,001-5,000 4,090 37.0 9,205,092 4.5 > Chilled salads 11 Key Performance Indicators > 5,001-10,000 736 6.7 5,198,133 2.5 14 Divisional Review in the UK convenience food market Sandwiches 10,001-25,000 351 3.2 5,284,286 2.6 – Convenience Foods across sandwiches, chilled prepared 25,001-100,000 136 1.2 6,571,874 3.2 18 Divisional Review 100,001-250,000 45 0.4 7,083,022 3.4 meals, chilled sauces and soups, 250,001-500,000 21 0.2 7,318,777 3.6 – Ingredients & Related Property Over 500,000 46 0.4 162,928,540 79.2 22 Financial Review ambient sauces and pickles, cakes 11,055 100.0 205,707,224 100.0 26 Principal Risks and and desserts and Yorkshire puddings Uncertainties Financial Calendar 30 Corporate Responsibility Review > Extending presence outside the UK Record date for 2009 final dividend 4 December 2009 36 Board of Directors Annual General Meeting 11 February 2010 with a fast-growing convenience Payment date for 2009 final dividend 1 April 2010 Corporate Governance food business in the US Half yearly financial report May 2010 38 Directors’ Report Financial year end 24 September 2010 41 Corporate Governance Report > Interim Management Statement August 2010 An established ingredients supplier Interim dividend payment October 2010 45 Report on Directors’ Preliminary announcement of results November 2010 Remuneration with leading market positions in 50 Statement of Directors’ malt production for the brewing Advisers and Registered Office Responsibilities Company Secretary Registrar & transfer office Stockbrokers American Depositary and distilling industries in Ireland, CM Bergin BA Computershare Investor Goodbody Stockbrokers Receipts Financial Statements the UK and Belgium Dip Legal Studies Services (Ireland) Limited Ballsbridge Business Park The Bank of New York 52 Independent Auditor’s Report Market position (UK) Solicitor Heron House, Corrig Road Ballsbridge 101 Barclay Street Sandyford Industrial Estate Dublin 4 22nd Floor – West 54 Group Statement of > Sandwiches* Key > Registered office Dublin 18 New York NY 10286 Accounting Policies Branded chilled ready meals No. 2 Northwood Avenue Investec Securities USA 66 Group Income Statement Convenience Foods > Quiche Northwood Business
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