NWF Group Live Discussion

piw 28 Jan 2020

NWF H1 results video NWF H1 results overview piworld.co.uk NWF Group (NWF) interim results (to 30 November 19) – overview. Richard Whiting, Chief Executive and Chris Belsham, Group Finance Director, run through interim results (to 30.11.19), released on 28th January 2020. Richard talks t Positive H1, all divisions in line, or exceeding expectations. Acquisitions in fuel division; and expansion in the food division, with a new warehouse being built paced with major new contract, both expected to be earnings enhancing for next financial year.

piw 30 Jul 2019

NWF FY19 results overview NWF FY19 results overview by CEO & FD. piworld.co.uk NWF Group (NWF) Full Year results July 2019 NWF CEO Richard Whiting and Group FD Chris Belsham, present the Group's full year results to 31st May 2019. Richard Whiting, CEO Introduction - 00:18 Results su In line results, executing on strategy.

piw 29 Jan 2019

Video: NWF H1 results NWF H1 all in line with expectations. Here, overview by Gp CEO & Gp FD piworld.co.uk NWF Group (NWF) – Half year results to 30th November 2018 Group CEO, Richard Whiting and Group Finance Director, Chris Belsham, present the groups’ half year results to 30th November 2018 NWF Group plc is engaged in t PTP +9% EPS 5.6%. Feeds has seen strong growth. Foods a good recovery. Fuels: acquired Midland Fuel oil.

piw 31 Jul 2018

NWF FY18 results video w CEO & Group FD NWF CEO Richard Whiting and Group FD Chris Belsham, present the Group’s full year results to 31st May 2018. piworld.co.uk – 31 Jul 18 NWF Group (NWF) Full year results July 2018 NWF CEO Richard Whiting and Group FD Chris Belsham, present the Groups’ full year results to 31st May 2018. Richard Whiting introduction - 00:18 Group overview - Richard Whiting introduction - 00:18 Group overview - 00:31 Fuels results - 01:12 Food results - 02:42 Feeds results - 03:38 Chris Belsham, Financial overview -04:10 Richard Whiting, Group strategy - 08:12 Fuels strategy - 08:19 Food strategy - 09:36 Feeds strategy - 10:32 Summary - 11:19

piw 30 Jan 2018

VIDEO: NWF H1 results NWF H1 results. Presentation by Group Chief Executive Richard Whiting.[link] PTP:+10%. Headline EPS:+9.1% Fuels: ROCE>20%. Debt down:14.7%Introduction – 00:17Group results – 00:27Feeds results – 01:11Foods results – 2:24Fuels results – 3:27Development strategy, feeds – 4:28Development strategy, food – 5:38Development strategy, fuels – 6:24Summary & outlook – 75

piw 26 Oct 2017

Video: NWF investor presentation NWF Chief Executive Richard Whiting presents at the piworld/MHP/Progressive Equity Research investor event 25th October 2017. (c40 mins)[link] – 00:18Group overview – 13Recent results - 3:31Feeds - 5:18Food – 10:50Fuels – 172Group development strategy - 21:36Investment proposition - 23:38Summary & outlook - 26:44Q&A - 28:39Profits growth- 28:41Feeds operating profits - 29:49Subsidies - 31:21Prices - 32:54Revenue drivers - 34:45Feeds strategy / divisions growth - 35:30

piw 01 Aug 2017

FY17 results presentation NWF Group CEO Richard Whiting presents the group’s Full year’s results year ending 31st May 2017. (6.5 mins)[link] – 00:18Group results summary – 00:43Feeds results – 1:46Food results – 2:36Fuels results – 35Group development strategy – 3:42Feeds development strategy – 4:38Food development strategy – 57Fuels development strategy – 3:36Group summary & outlook – 60

TX2 31 Jan 2017

Results Whilst caused by factors outside the company's control I thought the results were fairly dire & I am surprised we were not "punished" by the market.The increase in pension liabilities is a worry too.

piw 03 Aug 2016

Video: NWF full year results presentation by CEO [link] c 8 minutes)Richard Whiting, CEO, updates on £NWF FY results, with PTP up 2.5% and EPS up 3%, all achieved with lower revenues, reflecting lower commodity costs, which doesn’t affect profits. The dividend is increased by 5%.CAPEX investment and 3 acquisitions has cost £10m, although debt is still only £9.9m (less that 1x EBITDA), due to NWF’s strong cash generation.Achievement across each division:1. Feeds increased volumes and market share2. Foods at capacity, added repacked work3. Record fuel volumesMarket conditions have been difficult – dairy farmers have faced low milk prices; food distribution is competitive; the warm autumn and winter meant less demand for heating oil - however, in spite of this growth has been achieved.Whiting runs through each division, outlining the challenges and opportunities; and where the acquisitions fit in.Brexit: hasn’t had much impact to date; and NWF don’t anticipate any implications.Ultimately, he says, NWF has strong management, who spot growth opportunities, with the asset backing to take advantage of them. Highly focussed on good cash generation and optimising share holder returns.NWF are trading in line with expectations for the first two months of new financial year; and the increase in dividend highlights the confidence in the future for the group.

Simbrad 21 Jun 2016

Panmure note out this morning: "FY16 pre close update from NWF shows a solid performance, with earnings in-line with board expectations (PG EBIT £8.7m). We believe this is an impressive performance given the headwinds facing each of the three divisions. Moreover, despite spending £9.5m on acquisitions (FY16E), net debt ended the year “significantly lower than anticipated”. This highlights the cash generative nature of the group: post maintenance FCF has averaged £6.7m (FY12-FY16E) and provides the firepower for the group’s bolt-on acquisition strategy." scraped from research tree

mcescher 27 Mar 2016

Thoughts on NWF Group I am researching NWF Group, it looks like good value on here: [link]

Meanbugger 01 Mar 2016

Re: Increase True, it does increase NWF's sales in Cumbria. Carrs Billington would not have been able to justify keeping the two JPA sites open if they had bought the company. It will potentially save NWF fuel costs in transporting feed from their Wardle site into north Cumbria and southern Scotland. It probably makes sense all round and is less disruptive to the market than if Mole Valley had bought the business.

TX2 01 Mar 2016

Re: Increase Increaes NWFs footprint in Carrs back yard!

Meanbugger 01 Mar 2016

Re: Increase NWF have bought Jim Peet Agriculture in Cumbria, one of the last independent animal feed producers in the region. It increases NWF's market share at a time when the feed industry is under pressure due to the mild winter weather and low milk and meat prices. There should be some overhead cost savings and raw material buying efficiencies. There are probably other independent feed manufacturers thinking about selling up now that times are tough.

TX2 01 Feb 2016

Re: Increase I would have thought heating oil sales would be down a bit due to mild weather as well.