Strategic Financial Overview
EBITDA reconciliation
$ millions
Jun-18
Jun-17
Variance
%
EBITDA
208.9
195.0
13.9
7.1
(underlying)
Profit on sale of assets
19.4
6.9
12.5
Cardiff
0.5
Mount Martha
6.4
Wanneroo
14.1
Leppington
5.3
Restructuring
(16.3)
(6.9)
(9.4)
FY17 restructuring
(6.9)
Redundancy
(4.2)
Farming exits
(4.6)
Network cross over costs
(2.5)
FP network optimisation
(5.0)
Reported EBITDA
212.0
195.0
17.0 8.7
INGHAM'S
Heart of the Table
Profit on Sale
Relates to the sale and leaseback of Wanneroo
and the sale of Leppington, which completed in
December 17 and April 18 respectively
Restructuring
Redundancies relate to a reweighting of volume to
QLD SA as capacity is adjusted at a number of
sites
Farming exits relate to NSW (end of lease) as
farming capacity shifts to SA and exits of contract
growers
> Other network costs include crossover and setup
costs related to new sites including new feedmills
and the new QLD distribution centre
Further Processing network optimisation relating to
the relocation of Cleveland FP production to South
Australia and Victoria
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