Transformation into Growth-Focused Speciality Business
Tate & Lyle completed its structural transformation into a growth-focused speciality business following the combination with CP Kelco.
Strong Financial Performance
Revenue is up 7% on a compound annual growth rate basis over the last 5 years. EBITDA has grown by 10%, and EBITDA margins have expanded by 350 basis points.
Productivity Savings
Delivered $50 million in productivity savings, with operational and supply chain efficiencies contributing $33 million and cost management and SG&A savings accounting for $17 million.
Innovation and New Product Revenue
Revenue from new products grew by 9% on a like-for-like basis, with innovation being a key driver of customer solutions.
Strong Balance Sheet and Cash Flow
Net debt-to-EBITDA leverage at 31 March was 2.2x, with expectations to deleverage to the midpoint of the 1 to 2.5x range by the end of 2027 financial year. Adjusted free cash flow was GBP 190 million, GBP 20 million higher.