Ingham's Group Highlights and Financial Update
Group highlights
Strong core poultry volumes driving growth in a challenging environment
Highlights
INGHAM'S
Heart of the Table
4.3% core volume growth as chicken remains the competitive protein across all channels
> Contractual arrangements and market position delivered intended outcomes to partially offset
higher input costs
> Solid returns despite growing cost pressures and New Zealand headwinds
> Strong operating cash flow generation, post implementation of payables facility in NZ in 1H
FY2019
> Further Processing optimisation project has not delivered to plan - unexpected demand could
not be served by the rationalised network which resulted in increased costs
> Q4 performance softened as a result of Further Processing costs and early signs of margin
pressure
> Leadership team now in place blending deep domestic and international operational poultry and
food industry experience
> New strategic and operational plan will be presented to the market 22 October 2019
PAGE // 3View entire presentation