Overview

At a glance

Who we are

Spreads

Cheese

Dairies

Dairy Crest is the UK’s leading dairy company, processing and selling fresh milk and branded dairy products in the UK and Europe

Vision

We are proud of our links to the countryside, our dairy heritage and the part they play in everyday life
We want to earn the right to consumers’ loyalty by providing healthy, enjoyable, convenient products
We aim to meet consumers’ needs and go where this takes us
As we grow, we will look after our people and the communities where we work

Strategy

Build market leading positions in branded and added-value markets
Focus on cost reduction and efficiency improvements
Reduce commodity risk to improve quality of earnings
Business acquisitions and disposals to generate growth and focus the business

Divisions

Foods
Spreads (UK & France)
Cheese

Dairies
Liquid Products ingredients
Household

Markets Dairy is one of the largest food categories worth £10bn*	Financial highlights
* Source: TNS 52 w/e 21 March 10	** Before exceptionals and amortisation of acquired intangibles

Spreads

Dairy Crest produces leading spreads and butter brands at two factories in UK and one in France. These brands have strong distribution through retailers in both countries. Our three key brands, St Hubert, Clover and Country Life have all grown sales ahead of the market in 2009/10

Contribution to group

% of total Group (excluding joint ventures and other)

Products


No1 variant spread in France	No1 UK dairy spread

Production sites

Highlights

In France, St Hubert has become the largest spreads brand
In UK, another year of record sales for Clover
Country Life continues to grow strongly, outperforming the market
Strong growth for reduced fat options of key UK brands
Dairy Crest undisputed leader of Italian spreads market with Vallé

Cheese

Dairy Crest has a world-class cheese supply chain. Milk from a dedicated pool of dairy farmers is turned into award winning cheddar at Davidstow in Cornwall. The cheese is matured for up to two years in Nuneaton and then packed at Nuneaton and Frome. Dairy Crest’s leading cheddar brand, Cathedral City dominates the UK branded cheese market

Contribution to group

% of total Group (excluding joint ventures and other)

Products


No1 UK branded cheese

Production sites

Highlights

Cathedral City annual retail sales reach record £214m
Cathedral City value growth 67% over 3 years
250,000 food miles saved through supply chain improvements
Strong growth in Cathedral City and Davidstow lighter variants

Dairies

We process and deliver fresh conventional, organic and flavoured milk to major retailers, ‘middle ground’ customers ranging from coffee shops to hospitals and on the doorstep.

We manufacture and sell FRijj, the leading fresh flavoured milk brand, cream and milk powders