Tate & Lyle Capital Markets Event 2023

The event will focus on the Group’s strategy, business model, portfolio, markets, and science-led approach which puts it at the centre of the future of food. The event will be hosted by Nick Hampton, Chief Executive, Dawn Allen, Chief Financial Officer, alongside other members of the Tate & Lyle senior management team.

Nick Hampton, Chief Executive said:

“Over the last five years, Tate & Lyle has been transformed into a growth-focused speciality food and beverage solutions business. A global leader in sweetening, mouthfeel and fortification, Tate & Lyle creates high-value speciality ingredients and solutions that meet growing global demand for healthier and tastier food and drink.

At today’s event we look forward to outlining the large and attractive markets we operate in, our portfolio of highly functional speciality ingredients that directly address growing consumer trends, our scientific and solutions capabilities, how we work with customers, and our purpose-driven approach fueling our new focus on ‘Science, Solutions, Society’.”

Performance ambition for the five years ending 31 March 2028

Today, Tate & Lyle is announcing an updated organic performance ambition for the five years ending 31 March 2028 to deliver:

• Revenue growth of 4% to 6% per annum, underpinned by high single digit Food & Beverage Solutions growth per annum
• EBITDA growth of 7% to 9% per annum
• Return on capital employed improvement of up to 50 basis points per annum on average.
• A new target to deliver US$100 million of cumulative productivity benefits

Reporting changes

Reflecting its new shape, the Group is adopting a simplified disclosure framework, moving to three segments – Food & Beverage Solutions, Sucralose and Primary Products Europe. As a result of this change, Central costs will no longer be reported separately.

Following the Group’s recent third quarter trading update on 26 January 2023, no new material trading information or update in respect of the current financial year ending 31 March 2023 will be provided during the event.

Registration is required to attend the event with details available on our website at https://www.tateandlyle.com/investors-hub. The slides to be presented at the event will be available from the investor relations section of our website shortly before the event, and the webcast of the presentation will be available shortly after the event.

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For more information contact Tate & Lyle PLC:
Christopher Marsh, VP, Investor Relations
Mobile: +44 (0) 7796 192 688

Nick Hasell (FTI Consulting), Media Relations
Mobile: +44 (0)7825 523 383