Non-financial highlights

R11.7 million saved due to energy saving projects

(improved from R2.2 million in 2014)

Carbon Disclosure Project score of 95 – Band C

(improved from 82 – Band D in 2014)

The launch of the redeveloped Mbekweni Youth Centre

The roll-out of a daily school feeding scheme benefiting over 5 300 primary school children

Financial performance

+6%

Revenue from continuing operations:

R18.7bn

2014: R17.7bn

+23%

Headline earnings*:

R1.53bn

2014: R1.24bn

* Adjusted for the impact of the Phase I B-BBEE charge.

+28%

Operating profit from continuing operations*:

R2.15bn

2014: R1.68bn

* Adjusted for the impact of the Phase I B-BBEE charge.

+50%

Total dividend per share:

332 cents

2014: 221 cents

GROUP AT
A GLANCE

Pioneer Foods is the second largest listed FMCG company in South Africa, producing and distributing a range of branded food and beverage products.

The Group operates mainly in South Africa, providing wholesale, retail and informal trade customers with products of a consistently high standard. Pioneer Foods exports to more than 60 countries across the globe. The growing international business represents 21% of operating profit.

The Group operates a number of world-class production facilities producing a range of products that includes some of the most recognisable and best loved brand names in South Africa, including the following power brands: Weet-Bix, Liqui-Fruit, Ceres, Sasko, Safari, Spekko and White Star. Read on >

ESSENTIAL FOODS

Essential Foods manufactures wheat and maize products, pasta; it packs rice, beans and other dried vegetables; and has large bakery operations.

GROCERIES

Groceries produces breakfast cereals, rusks, cake mixes, baking aids, dried fruit products, nuts, sweet and savoury spreads, processed salads, long-life fruit juices, fruit concentrate mixtures and dairy fruit blends.

INTERNATIONAL

International is primarily structured around an export business model which is managed across two channels, namely Africa and Rest of the World. This division also incorporates the Group’s fruit operations and the wholly-owned Bokomo Foods UK business.