Lee Bonecutter, FPL Food - The Georgia Center of Innovation for ...
Lee Bonecutter, FPL Food - The Georgia Center of Innovation for ...
Lee Bonecutter, FPL Food - The Georgia Center of Innovation for ...
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WHO WE ARE800 employees across 5 locationsWHERE WE LIVE<strong>Georgia</strong>SouthCarolinaAugusta, GA - Corporate Headquarterso Harvest Facility: 200,000 sq. ft.- 5000 head per week- Boxed beef distributionAugusta, GA - Faciltyo Further Processing: 30,000 sq. ft.- Sliced beef production- Marinated beef production- Cut steak productionColumbia, SC - Facilityo Further Processing: 100,000 sq. ft.- Ground beef production- Beef patty production- Case ready cut steak production- Branded retail product productionReidsville, GA - Farmo 1,061 AcresThomasville, GA - Facilityo Further Processing: 100,000 sq. ft.- Frozen beef patty production<strong>FPL</strong> <strong>Food</strong>, LLC | 706.722.2694 | 1301 New Savannah Road, Augusta GA 30901 | www.fplfood.com3
<strong>FPL</strong> <strong>Food</strong>, LLC | 706.722.2694 | 1301 New Savannah Road, Augusta GA 30901 | www.fplfood.com4
<strong>FPL</strong> FOOD, LLC - BRANDS<strong>FPL</strong> <strong>Food</strong>, LLC | 706.722.2694 | 1301 New Savannah Road, Augusta GA 30901 | www.fplfood.com5
Middle class growth around the world>50% <strong>of</strong> the world is struggling to get food$277/Head exported 2012 (up 6%)2008 – Beef, Pork and Poultry = 58 lbs/person2012 – Beef, Pork and Poultry = 75 lbs/person<strong>FPL</strong> <strong>Food</strong>, LLC | 706.722.2694 | 1301 New Savannah Road, Augusta GA 30901 | www.fplfood.com
Middle class decline in the U.S.6.3% decline in pounds (2012 vs. 2011)31% cutting back on meat spending#1 item = Steak2012 Beef ads – 25%<strong>FPL</strong> <strong>Food</strong>, LLC | 706.722.2694 | 1301 New Savannah Road, Augusta GA 30901 | www.fplfood.com7
Cattle herd the lowestsince 1952Feed lots lost an average <strong>of</strong>$98/head in 2012<strong>The</strong> US produces 14% <strong>of</strong>the world’s beef supply<strong>The</strong> US produces 84% <strong>of</strong>the world’s fed beef supplyHeifer kill downRain?<strong>FPL</strong> <strong>Food</strong>, LLC | 706.722.2694 | 1301 New Savannah Road, Augusta GA 30901 | www.fplfood.com8
<strong>FPL</strong> <strong>Food</strong>, LLC | 706.722.2694 | 1301 New Savannah Road, Augusta GA 30901 | www.fplfood.com9
2007 = >5% Backhaul/Customer trucks2010 = 15% Backhaul/Customer trucks2013 = 85% Backhaul/Customer trucks<strong>FPL</strong> <strong>Food</strong>, LLC | 706.722.2694 | 1301 New Savannah Road, Augusta GA 30901 | www.fplfood.com10
Increased inbound freight costsIncrease vertical integrationIndustry overcapacityWatch herd rebuildIncrease value added activities – more LTLGrow fed beef in the southeastGrow export business<strong>FPL</strong> <strong>Food</strong>, LLC | 706.722.2694 | 1301 New Savannah Road, Augusta GA 30901 | www.fplfood.com11
<strong>FPL</strong> <strong>Food</strong>, LLC | 706.722.2694 | 1301 New Savannah Road, Augusta GA 30901 | www.fplfood.com12
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