FY23 Financial Performance and Market Strategy
PROFIT & LOSS RECONCILIATION
INGHAM'S
Always Good
FY23 UNDERLYING FY22 UNDERLYING
PROFIT & LOSS ($M)
FY23
EXCLUDED
FY23
FROM UNDERLYING UNDERLYING
AASB 16
LEASES
(PRE AASB 16)
(PRE AASB 16)
(REPORTED)
(REPORTED)
Core Poultry volume (kt)
463.5
463.5
463.5
465.5
By-Products volume (kt)
113.7
113.7
113.7
111.0
Total Poultry volume (kt)
577.2
577.2
577.2
576.5
Feed Volume (kt)
292.7
292.7
292.7
336.3
Core Poultry Revenue
2,760.2
2,760.2
2,760.2
2,458.1
By-Products Revenue
60.8
60.8
60.8
52.4
Total Poultry Revenue
2,821.0
2,821.0
2,821.0
2,510.5
Feed Revenue
223.0
223.0
223.0
202.6
Revenue
Cost of sales
3,044.0
(2,289.2)
3,044.0
3,044.0
2,713.1
(2,289.2)
(224.8)
(2,514.0)
(2,282.4)
Gross profit
754.8
754.8
(224.8)
530.0
430.7
Gross profit %
24.8%
24.8%
17.4%
15.9%
Distribution expense
(185.3)
(185.3)
(20.6)
(205.9)
(175.9)
Sales & admin
(154.6)
15.2
(139.4)
(4.7)
(144.1)
(120.4)
Other income
3.2
3.2
3.2
0.4
JV
0.4
0.4
0.4
0.4
EBITDA
418.5
15.2
433.7
(250.1)
183.6
135.2
EBITDA %
13.7%
13.7%
13.7%
5.0%
Depreciation
(268.2)
(268.2)
214.0
(54.2)
(55.9)
Interest
(76.2)
(76.2)
53.3
(22.9)
(13.4)
PBT
74.1
15.2
89.3
17.2
106.5
65.9
Tax
(13.7)
(4.5)
(18.2)
(5.1)
(23.3)
(8.8)
NPAT
60.4
10.7
71.1
12.1
83.2
57.1
31View entire presentation