Capital Markets Event



MARCH 2016


RESULTS FOR YEAR ENDED 31 DECEMBER 2015


DEVRO: THE COLLAGEN CASING COMPANY


Global Leader

  • One of the world's leading providers of collagen casings for the processed meats sector

  • Provides technical support to food manufacturers


Global Operations


Collagen


Technology

  • Over 2,000 staff across the world

  • 5 manufacturing sites in Scotland, Australia, the Czech Republic and the USA


  • Main raw material taken from the hide of carefully selected animals certified for food use

  • A complex naturally-occurring polymer with unique characteristics


  • Differentiation through product development

  • Improved manufacturing performance and increased capacity



2


DEVRO: 2015 HIGHLIGHTS




  • Overall sales volumes grew 1%

    • Strong sales growth in Japan, North America and South East Asia

    • Difficult conditions in Russia


  • Operating profit before exceptional items grew £3.0 million

    +£5.1 million in constant currency*


  • Transformation of manufacturing footprint nearing completion

    • Restructuring savings of £5.8 million delivered, slightly ahead of target

    • Investment projects in USA and China on track to commence production in 2016


  • Acquisition of PV Industries completed during year to support global gel strategy


* Constant currency growth rates are calculated by restating 2014 figures using 2015 exchange rates 3





GROUP FINANCE DIRECTOR



SIMON WEBB



Devro plc issued this content on 01 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 01 March 2016 10:03:18 UTC

Original Document: http://www.devro.com/uploads/tx_sbdownloader/Devro_Preliminary_Results_2015_Presentation_2016-03-01.pdf