Glanbia plc Capital Markets Day and three year ambition

9 November 2022, Glanbia plc ("Glanbia", the "Group" or "plc") is holding a Capital Markets Day ("CMD") today at its Glanbia Performance Nutrition manufacturing facility in Aurora, Illinois, USA. The CMD will run from 8.30am local time (2.30pm GMT) to approximately 11.30am local time (5.30pm GMT). 

The event will focus on Glanbia's compelling growth agenda and operational strengths; providing an overview of the strategies in its better nutrition platforms, Glanbia Performance Nutrition and Glanbia Nutritional Solutions. Glanbia's environmental, social and governance strategy and its three year financial ambition will also be outlined.

Three year financial ambition

The three year average annual financial metrics for 2023 to 2025, which will be outlined at the CMD are as follows:

·    Group:

o Adjusted earnings per share ("EPS") growth 5% to 10% (on a constant currency basis);

o Operating cash conversion of EBITDA of 80%+; and

o Return on capital employed ("ROCE") of 10% to 13%

·    Glanbia Performance Nutrition:

o  Revenue growth 5% to 7% (on a constant currency basis); and

o  EBITA margin 12%+

·    Glanbia Nutritional Solutions:

o  Volume growth 3% to 5%; and

o  EBITA margin 12%+

Webcast

The Capital Markets Day will be broadcast live via a webcast. Details on how to register and view the webcast can be found at the following link: Glanbia Capital Markets Day 2022 (connectid.cloud)

Copies of the materials from today's Capital Markets Day will be available after the event on www.glanbia.com

ENDS

Cautionary statement

This announcement contains forward-looking statements. These statements have been made by the Directors in good faith based on the information available to them up to the time of their approval of this announcement. Due to the inherent uncertainties, including both economic and business risk factors underlying such forward looking information, actual results may differ materially from those expressed or implied by these forward-looking statements. The Directors do not undertake any obligation to update any forward-looking statements contained in this announcement, whether as a result of new information, future events, or otherwise, except as required by law.

For further information contact

Glanbia plc +353 56 777 2200 

Mark Garvey, Group Finance Director

Liam Hennigan, Group Secretary & Head of Investor Relations:                 +353 86 046 8375

Martha Kavanagh, Head of Corporate Communications:                              +353 87 646 2006