Full Year Results Investor Presentation 2023
INGREDIENTS
Strategy
Five-year Ingredients strategy refresh completed.
Focus on driving strong sales disciplines, while
leaning out cost base.
Business development
Exporting to a diversified range of markets
(approximately 50 countries), with low China
concentration.
Focus on generating high-value, multi-year contracts
for differentiated specifications.
Driving sustainability initiatives with global customers
that leverage Lead With Pride and supports best
practice developments on-farm.
Tightening premiums and lead bucket (optimum
product mix) disciplines to maximise returns and
sales timing to the milk curve to minimise risk.
Achievements
.
•
Strong gross margin per MT achieved (up 16%) due
to excellent alignment to the SMP/AMF lead bucket,
which lasted for most of FY 23 and was supported by
strong sales disciplines.
Record low year-end stock, working capital and
debtors, supported by a strong operational focus.
Despite the supply chain being disrupted in HY 23,
strong momentum was generated in H2 23, with
100% of contracted volumes shipped.
Record Ingredients were invoiced in May at 19,143 MT.
PAGE 15
FULL YEAR RESULTS INVESTOR PRESENTATION 2023View entire presentation