SML Announcement – Update on Grass Fed infant formula

Synlait Milk Ltd
1028 Heslerton Road
RD13, Rakaia 7783
Private Bag 806
Ashburton 7740
New Zealand
P +64 3 373 3000
www.synlait.com Page 1 of 2

SYNLAIT MILK LIMITED NZX: SML
ANNOUNCEMENT ASX: SM1
22 NOVEMBER 2018
UPDATE ON MUNCHKIN GRASS FED™
INFANT FORMULA
Synlait (NZX: SML; ASX: SM1) has been assisting Munchkin Inc as it works through
the U.S. Food and Drug Administration (FDA) registration process required to launch
Stage 1 Grass Fed™ infant formula in the U.S.
The companies will be re-submitting their application to the FDA to include
additional supportive evidence. We anticipate this process to take approximately 24
months.
“We remain very committed to the Munchkin Grass Fed™ platform. While Stage 2
Grass Fed™ formula remains on sale in the U.S., the timing of Stage 1 U.S. sales,
which are expected to be the bulk of the business, is pending the resubmittal and
clearance by the FDA.” says Synlait’s CEO Leon Clement.
“Synlait and Munchkin enjoy a strong partnership. We extended our supply
agreement earlier this year to exclusively supply Munchkin with 100% Grass
Fed™products through July 2024 to North America, Mainland China, Hong Kong,
New Zealand and Australia. While we look to accelerate infant formula growth in
current markets, we are also in close collaboration with Munchkin in the
development of new Grass Fed™ opportunities in markets outside of the U.S. to
drive growth during 2019,” he says.
Munchkin Grass Fed™ formula can be purchased at leading retailers including Coles
Supermarkets in Australia, Watsons in Hong Kong, and at the newly launched Tmall
flagship store in China.
Synlait’s current year outlook remains unchanged, and the business is on track to
deliver another profitable result – but not at the same growth rate as FY18.
ENDS
For more information about Synlait visit www.synlait.com
or contact:

Synlait Milk Ltd
1028 Heslerton Road
RD13, Rakaia 7783
Private Bag 806
Ashburton 7740
New Zealand
P +64 3 373 3000
www.synlait.com Page 2 of 2
Jessica Thorn
Communications Advisor, Synlait Milk
P: +64 3 373 3353
E: jessica.thorn@synlait.com