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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Maple Leaf Foods Inc | TSX:MFI | Toronto | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.17 | -0.73% | 23.23 | 23.15 | 23.29 | 23.34 | 23.03 | 23.26 | 69,226 | 21:11:22 |
TSX: MFI
www.mapleleaffoods.com
The Company's vision to be the most sustainable protein company on earth provides the path to create shared value and deliver the next phase of margin expansion
MISSISSAUGA, ON, Nov. 8, 2017 /PRNewswire/ - Maple Leaf Foods (MFI: TSX) hosted its 2017 Investor Day today, focusing on the Company's strategies to become the most sustainable protein company on earth as the path to create shared value and deliver the next phase of margin expansion.
"Our world faces enormous social and environmental issues, and the sustainability of our food system is at the centre of many of these challenges," said Michael McCain, President and CEO. "Maple Leaf is prepared to lead and prepared to change, and we believe addressing these critical issues will catalyze tremendous value for society and growth for our company. This is true to who we are and builds on the material progress we have made over many years in creating shared value."
Since 2014, Maple Leaf has focused its business in value-added protein and established a highly efficient, competitive supply chain in its branded prepared meats operations. This has delivered a structural expansion in its margin and significantly increased its return to shareholders, including a 200% increase in share price in the past five years. The Company has a five-year goal to further expand its adjusted EBITDA margin from ~10% to a range of 14%-16%.
Maple Leaf has six strategic growth platforms to deliver the next phase of margin expansion: Lead in Sustainability; Invest in Our People; Make Great Food; Broaden Our Reach; Build a Digital Future; and Eliminate Waste. Each of these strategies is aligned to the Company's purpose to Raise the Good in Food and its vision to become the most sustainable protein company on earth. Some of these initiatives include:
A webcast of the presentations will be available by November 11th at http://investor.mapleleaf.ca/phoenix.zhtml?c=88490&p=irol-audioarchives. Investor Day presentations and the webcast will also be available on the Company's website in the Investor section under Investor Information/Presentations & Webcasts.
About Maple Leaf Foods Inc.
Maple Leaf Foods Inc. is a leading consumer protein company, making high quality, innovative products under national brands including Maple Leaf®, Maple Leaf Prime®, Maple Leaf Natural Selections®, Schneiders®, Schneiders® Country Naturals®, Mina® and Lightlife®. Maple Leaf employs approximately 11,500 people and does business in Canada, the U.S. and Asia. The Company is headquartered in Mississauga, Ontario and its shares trade on the Toronto Stock Exchange (MFI).
SOURCE Maple Leaf Foods Inc.
Copyright 2017 PR Newswire
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