Annual Report

 

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EVERY DAY, WORLDWIDE,
MILLIONS OF PEOPLE ENJOY PRODUCTS CONTAINING
OUR INGREDIENTS.


LIVING OUR PURPOSE: IMPROVING LIVES FOR GENERATIONS

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SUPPORTING HEALTHY LIVING
We help people make healthier and tastier choices when they eat and drink, and lead more balanced lifestyles.
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BUILDING THRIVING COMMUNITIES
We help build thriving communities where we operate, and support people to achieve their potential.
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CARING FOR OUR PLANET
We care for our planet and help protect its natural resources for the benefit of future generations.

INSIDE THE 2021 ANNUAL REPORT

Woman cooking a healthy meal in a wok
Our financial results continue to reflect the good progress we’re making in delivering on our strategic priorities to:

Sharpen the focus on our customers; Accelerate portfolio development; and Simplify the business and drive productivity.
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The food and beverage market has an inherent strength – people need to eat and drink.

Within that, a number of major global trends are shaping our industry, many of which have been accelerated by the pandemic.
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We operate as an integrated business made up of two trading divisions, both with distinct roles to play.

Food & Beverage Solutions is focused on delivering growth, with Primary Products focused on delivering cash and steady earnings.
Tate & Lyle Pride via Teams
We want equity, diversity and inclusion to be at the heart of our culture
at Tate & Lyle.

Here we talk about our accelerated progress over the past year and our ambitions and priorities for
the future.
Innovation nutrition
How has Innovation and Commercial Development succeeded in growing in a Covid-19 affected market?

Our new ICD President, Victoria Spadaro Grant, reviews the team's year and shares her initial impressions.

Managing risk on site
Our approach to managing Covid-19 reflects our approach to risk more broadly, guided by our purpose.

Risk management can feel very compliance-driven, but risk is a human experience. It’s about how people behave and why.
Our financial results

£335m

Adjusted profit before tax

61.2p

Adjusted diluted earnings
per share¹

£250m

Adjusted free cash flow ¹

1 Adjusted results and a number of other terms and performance measures used in this Annual Report are not directly defined within accounting standards. For clarity, we have provided descriptions of the various metrics and their reconciliations to the most directly comparable measures reported in accordance with IFRS, and the calculations, where relevant, of any ratios in Notes 1 and 4.

2021 Annual Report

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Past Annual Reports

Read our download our recent Annual Reports here.