Investor Presentaiton slide image

Investor Presentaiton

(> 。 Operating cashflow of $114.6m. Another solid result and in line with PY (after adjusting for a tax payment). 2H working capital inflow $19.5m consistent with Costa's normal cycle. 。 $23.1m tax payments. This returns to a normal cycle after impact of CY19. Cash Flow A$m EBITDA-S Payment for Leases EBITDA-S, Less Payment for Leases Less: share of JV profit CY21 CY20 Var Key Highlights 218.2 197.2 21.0 (61.5) (52.6) (8.9) 156.7 144.6 12.1 (9.9) (9.1) (0.8) Dividends received from JV's 4.2 4.2 0.0 Borrowing Costs (excluding amortised costs) (6.3) (7.5) 1.2 Movement in working capital / non-cash items (6.9) 5.4 (12.3) Tax (Payment)/Refund (23.1) 0.3 (23.4) Cashflow from operating activities 114.7 137.9 (23.2) Operating capex (43.2) (28.6) (14.6) Productivity & growth capex (84.4) (50.3) (34.1) Payments for business acquisitions (Incl. material items) (291.4) (291.4) Other 1.0 1.1 Cashflow from investing activities (418.0) (77.8) (0.1) (340.2) Payment for Dividends (38.6) (24.0) (14.6) Issue of Shares (Net of Transaction Costs) 185.2 (0.3) 185.5 Loans and Advances 1.7 0.0 1.7 Cashflow from financing activities 148.3 (24.3) 172.6 Net Debt Movement CY21 Results Presentation (155.0) 35.8 (190.8) Driscoll's Kalady fingers African Blue Mono's nest huebesis Only the Finest Berries o Operating CAPEX of $43.2m, above PY after 1HCY20 impacted by decision to manage in early stages of COVID-19. Given expanded portfolio, expect CY22 to be in range of $55m to $60m. 。 Growth CAPEX of $84.4m includes continuation of International expansion ($24.8m); completion of Tomato GH4 ($27.1m) and Avocado protected substrate trellis crop program ($10.9m). 。 Business acquisitions during the period: 2PH acquisition ($237.0m); KW Orchards ($40.7m) and Select Fresh ($13.7m). o Equity raise in June/July - $185.2m to fund 2PH acquisition. LOVACADO. Aussie avos. From Costa. MUSH BOOM! TO THE RESCUE Perino 2.P.H. Vitor itor 13 AUSTRALIA'S BEST AUSTRALIA'S BEST
View entire presentation