Strategy Slide 1 © The Delos Partnership 2005

DairygoldDairygoldBusiness Strategy & Status

Strategy Slide 2 © The Delos Partnership 2005

Dairygold Business SummaryDairygold Business Summary

• Dairygold Co-Operative Society Limited is Ireland's largest farmer owned food company and multi-purpose agribusiness.

• Its range of business includes dairy and meat processing, liquid milk production, animal feed manufacture, grain trading, shop retailing, the supply of farm inputs and the provision of a comprehensive range of farm services, including animal breeding and livestock marketing.

• Dairygold Co-Op employs approximately 2,000 persons and has an annual turnover in excess of € 870 million.

Strategy Slide 3 © The Delos Partnership 2005

Dairygold Strategies Dairygold Strategies

• Transform Dairygold into a business capable of competing on world markets.

• Provide a platform for a sustainable dairy industry in the region

• Build a strong and sustainable consumer foods business

• Least cost agribusiness solutions to farmers

• Accelerate improvements in cost and cash

• Accelerate operational excellence & efficiency

Strategy Slide 4 © The Delos Partnership 2005

Dairygold Demand Side DataDairygold Demand Side Data

• Sales of €876m

• Products – Dairy, Meat, Animal Feed, Grain

• Services – Animal Breeding, Livestock Marketing

• Key Customers – Tesco, Musgraves, Dunnes, Superquinn, Spar, Londis

• Key Products – Spreads, Meats, Cheese, Sausages

• Other Key Offers & Channels – Dairygold Online Services – Trading Division– Dairygold Branded Products

Headlines

Strategy Slide 5 © The Delos Partnership 2005

Half year 2005 highlightsHalf year 2005 highlights• Sales increase

• Strategic Customer Development

• Operating profit improvement

• Costs / Restructuring

• Synergies

• Locations / Markets

Strategy Slide 6 © The Delos Partnership 2005

Dairygold Supply Side DataDairygold Supply Side Data

• External Spend of >€600m+

• Operations / Manufacturing

• Key Suppliers

• Key Spends

• Supply Chain

Headlines

Strategy Slide 7 © The Delos Partnership 2005

Dairygold Innovation Dairygold Innovation

• New Products

• New Processes

• Technical Support

Headlines

Strategy Slide 8 © The Delos Partnership 2005

Dairygold Support Dairygold Support

• Finance

• HR

• Alchemy

• QA

• ERP/IT

Headlines

Strategy Slide 9 © The Delos Partnership 2005

Delos Business Integration Model Delos Business Integration Model

InnovationInnovation

VisionVision

StrategyStrategy

PrioritisationPrioritisation

DemandDemand

SupportSupport

SupplySupply