Tiger Brands Ltd (JSE:TBS)
R 293.61 -5.28 (-1.77%) Market Cap: 45.63 Bil Enterprise Value: 40.25 Bil PE Ratio: 12.41 PB Ratio: 2.46 GF Score: 83/100
Back to the Transcripts List

Full Year 2024 Tiger Brands Ltd Earnings Call Transcript

Dec 4, 2024 / 08:00 AM GMT
Release Date Price: R261.52 (+3.64%)

Key Points

Positve
  • Tiger Brands Ltd (TBLMF) reported a strong recovery in the second half of the year, with significant improvements in cash conversion and working capital management.
  • The company successfully implemented a new operating model, reducing the number of managing directors and streamlining operations, which has led to better focus and efficiency.
  • The milling and baking grains business showed a notable turnaround, contributing positively to the company's overall performance.
  • Tiger Brands Ltd (TBLMF) achieved 54% growth in e-commerce, expanding its reach to 91,000 stores through its general trade initiative.
  • The company has been recognized as a top employer in South Africa, indicating strong employee engagement and satisfaction.
Negative
  • Despite improvements, Tiger Brands Ltd (TBLMF) faced challenges with food inflation and consumer pressure, impacting premium product sales.
  • The company experienced difficulties in the general trade sector, with issues related to food safety and criminal activities affecting operations.
  • There were significant challenges in the grains and bakeries segments, with past issues of deep discounting and quality problems impacting performance.
  • Tiger Brands Ltd (TBLMF) had to walk away from certain volumes to protect margins, indicating ongoing pricing and competitive pressures.
  • The company is still in the process of optimizing its portfolio, with multiple disposals and strategic adjustments yet to be fully realized.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TBSJ.J - Tiger Brands Ltd
Full Year 2024 Tiger Brands Ltd Earnings Call
Dec 04, 2024 / 08:00AM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good morning, everyone. I'd like to formally welcome you all to the Tiger Brands full year results presentation for the year ended 30 September 2024 before I hand over to our CEO chart Kruger as well as our co to Shane Govender. I'd like to bring your attention to our forward-looking statement.

And with that, I'll hand over to our CEO chart Kruger.

--------------------------------------------------------------------------------
Unidentified_2 [2]
--------------------------------------------------------------------------------
Thanks Bharati. Good morning everyone. It's a, it's a, it's a pleasure to talk to you again after a year of very hard work.

We going to, we've got a couple of sections, I
Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2025 GuruFocus.com, LLC. All Rights Reserved.