Ingham's Group Highlights and Financial Update
EBITDA and NPAT reconciliation
$ millions
Jun-19
Jun-18 Variance
%
Profit on Sale of Assets
EBITDA
242.2
212.0
30.2
14.2
Profit on sale of assets
(53.1)
(19.4)
(33.7)
173.7
Impairment of assets
3.4
3.4
100.0
Restructuring
18.3
16.3
2.0
12.3
Mitavite
(2.2)
(6.2)
4.0
(64.5)
Underlying EBITDA
208.6
202.7
5.9
2.9
$ millions
Jun-19
Jun-18 Variance
%
INGHAM'S
Heart of the Table
> Current year relates to sale of Mitavite, Cardiff and Mile
End, prior year relates to Wanneroo and Leppington
Impairment of assets
Impairment relates to the carrying value of the Maldon
hatchery which was purchased and sold in the year to
exit an onerous lease
Restructuring
Onerous lease provision and related costs for Further
Processing network optimisation, farming exits and other
cross over costs
Refer to Appendix for additional details
NPAT
126.2
114.6
11.6
10.1
Profit on sale of assets
(37.3)
(13.6)
(23.7)
174.3
Impairment of assets
2.4
2.4
100.0
Mitavite
Restructuring
12.8
11.5
1.3
11.3
Mitavite
(1.5)
(4.5)
3.0
(66.7)
Finance exit costs
0.6
0.6
100.0
Underlying NPAT
103.2
108.0
(4.8)
(4.4)
> FY19 Mitavite trading results to 12 October 2018
> Refer to Appendix for additional details on trading results
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