Investor Presentaiton
EBITDA & NPAT RECONCILIATION
INGHAM'S
Always Good
Significant Items excluded from underlying results:
Restructuring: Business Transformation Project costs
relating to program pre-implementation, design and costs
associated with postponement
Gain on assignment of lease: Comprises reversal of
prior impairment and recognition of outstanding lease
obligation in relation to Cleveland lease assignment
Excluded from Underlying
$M
EBITDA
1H23
1H22
Var
%
197.0
220.4
(23.4)
(10.6)
Restructuring
16.2
1.9
14.3
752.6
Gain on assignment of lease
(Profit) / Loss on sale of assets
(3.0)
0.0
(3.0)
NM
0.0
0.1
(0.1)
(100.0)
13.2
2.0
11.2
560.0
Underlying EBITDA
210.2
222.4
(12.2)
(5.5)
AASB 16 adjustments
(126.7)
(122.7) (4.0)
3.3
Underlying EBITDA pre AASB 16
83.5
99.7 (16.2)
(16.2)
$M
1H23
1H22
Var
%
NPAT
17.2
38.4 (21.2)
(55.2)
Restructuring
11.4
1.2
10.2
850.0
Gain on assignment of lease
(2.0)
0.0
(2.0)
NM
(Profit) / Loss on sale of assets
0.0
0.1
(0.1)
(100.0)
Excluded from Underlying
9.4
1.3
8.1
623.1
Underlying NPAT
26.6
39.7
(13.1)
(33.0)
AASB 16 adjustments
7.1
8.4
(1.3)
(15.5)
Underlying NPAT pre AASB 16
33.7
48.1
(14.4)
(29.9)
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