1HCY21 Results Presentation
Financial Results
Comparison of results for the half year to June
Reported Currency
Constant Currency
A$m
Revenue
1HCY21
1HCY20
Var
1HCY20
Var
612.4
612.4
0.0
602.2
10.2
EBITDA-S
124.4
119.3
5.1
113.4
11.0
Fair value mvmt in bio. assets
(6.0)
1.1
(7.1)
1.3
(7.3)
EBITDA
118.4
120.4
(2.0)
114.7
3.7
Depreciation & amortisation
EBIT
(50.3)
(49.2)
(1.1)
(48.4)
(1.9)
68.0
71.1
(3.1)
66.2
1.8
Interest expense
(11.6)
(13.8)
2.2
(13.7)
(2.1)
Tax expense
(7.0)
(7.0)
(6.8)
(0.2)
NPAT (before material items)
49.4
50.3
(0.9)
45.7
3.7
Material/pro forma items, post tax
(2.1)
(2.1)
(2.1)
Non-controlling interest
(9.8)
(7.0)
(2.8)
(5.9)
(3.9)
NPAT attributable to shareholders
37.5
43.4
(5.9)
39.8
(2.3)
NPAT-S
Transacted Sales
44.4
43.1
1.3
39.3
5.1
823.5
808.0
15.5
797.8
25.7
Driscoll's Klady fingers
1HCY21 Results
African Blue
Presentation
Moraccols finest blueberries
Only the Finest Berries
Key Highlights
Revenue - Result in line with pcp, in constant currency up 1.7%
>>
o International - sales up 25%, as result of improved pricing and yield in both
regions.
o Produce - down 6.9% after negative impacts in Citrus (Colignan hail storm
damage) and lower production in Tomato and Mushroom.
EBITDA-S Increase of $5.1m, +4.3% versus pcp
。 Strong International result from pricing partially offset by mixed result in
Produce.
o On a constant currency basis, EBITDA-S improved $11.0m (+9.7%).
Domestic berries improved over prior but Citrus, Tomato and Mushroom
impacted by weather/production issues. Avocado below expectations given
weak pricing following strong industry volumes.
NPAT-S +$1.3m (3%), in constant currency +13%
。 D&A up 2% vs pcp; interest costs down 16%: lower base rates and average
debt.
Effective tax rate (11%) continues to benefit from agricultural concessions
in International.
LOVACADO.
Aussie avos. From Costa.
MUSH
BOOM!
TO THE
RESCUE
Perino 2.PH. Vitor
itor
18
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