At a glance

Who we are

Glanbia plc is an international nutritional ingredients and cheese group, headquartered in Ireland. The Group's Global Nutritionals head office and main innovation centre are also located in Ireland. Glanbia has over 4,300 employees in fifteen countries, including Joint Ventures & Associates. The Group has three business segments - US Cheese & Global Nutritionals, Dairy Ireland and Other Business. Glanbia also has three principal international joint ventures - Southwest Cheese in the USA, Glanbia Cheese in the UK and Nutricima in Nigeria.

Management

John Moloney	Group Managing Director
Siobhan Talbot	Group Finance Director
Kevin Toland	CEO and President of Glanbia USA and Nutritionals
Brian Phelan	Group HR and Operations Development Director
Jim Bergin	CEO Food Ingredients Ireland
Colin Gordon	CEO Consumer Foods Ireland

Core model

Glanbia's core business in Food Ingredients & Nutritionals is predicated on having access to a series of large dairy milk pools, which are then processed into a range of cheese and dairy products. Derived from these scale processing operations is a large valuable whey stream which, with the application of complementary ingredients and technologies, creates a further product range of high margin nutritional ingredients, focused on high growth markets.

Financial performance

	2009	2008
Revenue	€1.8 billion	€2.2 billion
Operating profit pre exceptional	€111.2 million	€134.1 million
Operating margin pre exceptional	6.1%	6.0%
Profit before tax pre exceptional	€97.4 million	€120.3 million
Adjusted earnings per share	30.7 cents	35.5 cents
Dividend per share	6.80 c	6.51 c

Operations

Glanbia has three business segments - US Cheese & Global Nutritionals, Dairy Ireland and Other Business. Glanbia also has three principal international joint ventures - Southwest Cheese in the USA, Glanbia Cheese in the UK and Nutricima in Nigeria - as well as a number of smaller Irish-based joint ventures and associates.

On 10 March 2010, the Group announced that Glanbia Co-operative Society Limited, its 54.6% shareholder, had expressed an interest in acquiring Glanbia's Dairy Ireland operations (incorporating Dairy Ingredients, Consumer Products and Agribusiness), Glanbia's Irish property business, Group Business Services and related Irish joint ventures and associates.

Recent major announcements

Date	Release	Size
14/07/10	2010 Half Year Pre Close Trading Statement	48 K
25/05/10	Glanbia PLC AGM - Very Strong First Half Performance	129 K
11/05/10	Interim Management statement	72 K