Patties Foods : Full Year Market Briefing (Link)

Patties Foods Ltd ABN 62 007 157 182
Operations 161-169 Princes Highway Bairnsdale VIC 3875 PO Box 409 Bairnsdale VIC 3875 Phone: [phone] Admin Fax: [phone] Sales Fax: [phone] [e-mail] www.patties.com.au	Corporate Office Chifley Business Park Level 2, 1 Joseph Avenue Mentone VIC 3194 PO Box 115 Dingley VIC 3172 Phone: [phone] Fax : [phone] [e-mail] www.patties.com.au

19 August 2016

Announcements Officer ASX Limited

South Rialto Tower 525 Collins Street

MELBOURNE VIC 3000 Patties Foods Limited (PFL) - Full Year 2016 Results Market Briefing

Please find attached, the market briefing regarding PFL's full year results for the period ended 30 June 2016.

The information contained in this announcement should be read in conjunction with the announcement on 19 August 2016 of PFL's year end report announcement, Appendix 4E, Appendix 4G and financial report for the year ended 30 June 2016.

Yours faithfully

CLINTON ORR

Company Secretary

For further information refer to www.patties.com.au or contact either: Steven Chaur

Managing Director and Chief Executive Officer 03 8540 9100

Robin Donohue

Chief Financial Officer 03 8540 9100

FULL YEAR RESULTS 2016

Market Briefing August 2016

Steven Chaur - Managing Director and CEO Robin Donohue - Chief Financial Officer

SUMMARY

2 | FULL YEAR RESULTS 2016

Solid core Bakery business NPAT growth underpins future Patties earnings strength

• While total Company Revenue declined by -4.6% to $245.1m, core Bakery revenue increased by $4.6% to $233.5m

• Total Company NPAT on an underlying basis was $14.1m with core Bakery NPAT (underlying) increasing by +13.6% to $16.5m

• Our core Bakery brands continued to exceed the market growth in all sales channels, with Patties growing in brand revenue +6.2%, FOUR'N TWENTY +13.2%, Herbert Adams +11.6% and Nanna's +12.2%.

• Revenue grew +7.8% in the strategically important Out of Home sales channel, driven by strong FOUR'N TWENTY Real Chunky growth

• Grocery channel Revenue declined -10.4% as a result of reduced Frozen Fruit and contract manufacturing sales over the year. Positively our core savoury brands all grew with Patties +11.4%, FOUR'N TWENTY +7.1%, Herbert Adams +32.1% and Nanna's +12.9%

3 | FULL YEAR RESULTS 2016