Full Year Results Investor Presentation 2023
FOODSERVICE
新脱扽T
卓越的打发率和稳定性
出色的耐酸性
JOYHANA
超高温灭菌搅打稀奶油
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新悦纯妆浓郁自然奶香
♡ 质地轻盈细腻
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Leadership
Abby Ye started as President of China & Director
of Foodservice in March 2023.
Strategy
Five-year Foodservice strategy created.
Initial focus on functional UHT cream sold to B2B
customers who use it in finished products for out-
of-home consumption at bakeries, cafes, beverage
chains, etc. Butter and cream cheese identified as
potential long-term opportunities.
China's cream market represents significant potential
for Synlait. The total cream market exceeded
250,000 MT in 2022, and New Zealand is the leading
country for cream exports, with ~58% market share.
Targeted geographies expanded to include
Singapore as the hub of Southeast Asia with big
OEMS (central kitchens).
Business development
FY 24 will see Synlait keep expanding Joyhana within
China, focusing on bakery/pastry and beverage
chains, and access selected Southeast Asia markets
in H2 24.
Achievements
Launch of JOYHANA partnership between Synlait
and SAVENCIA Group
.
Commercial sales commenced in FY 23, and
volumes will continue to ramp into FY 24.
Market feedback is positive. Joyhana UHT Whipping
Cream won the 'New Product Innovation Award'
at May's prestigious China International Bakery
Exhibition. Building on this interest, Joyhana will
launch a co-branding event with a famous Chinese
bakery chain in October, Joyhana X CANA.
SAVENCIA Group and Synlait partnership is very
complimentary. SAVENCIA Group is responsible for
distribution, branding and marketing and Synlait
is responsible for high-performance product
development and manufacturing.
Synlait and Massey University celebrated five years
of partnership
Synlait and Massey University Palmerston
North celebrated five years of partnership and
collaboration on cutting-edge research.
Innovations have included the commissioning of
the UHT pilot plant, commercialising JOYHANA
and several consumer beverages, and filing an
Advanced Nutrition patent.
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FULL YEAR RESULTS INVESTOR PRESENTATION 2023View entire presentation