Heart of the Table - Financial and Strategy Update
Reconciliation of 1H FY17 Statutory results to pro forma
INGHAM'S
Heart of the Table
$ millions
Statutory EBITDA
1H FY2017
61.5
1. Removal of costs of listing on ASX in November 2016
IPO transaction costs
Advisory fees
1
28.0
2
1.2
2. Relates to fees for services charged by TPG entities that
will not be incurred post listing
Write off previous LTI scheme
3
Transformation & relocation costs
4
2.2
3.3
Full period public company costs
5
(1.0)
Pro forma EBITDA
Statutory NPAT
95.2
9.0
IPO transaction costs
Advisory fees
1
19.6
2
0.8
Write off previous LTI scheme
3
2.2
Transformation & relocation costs
4
2.3
Full year public company costs
5
(0.8)
Cost of exit from finance facilities
6
12.6
Capital structure adjustment
7
4.5
Tax adjustments
8
1.1
Pro forma NPAT
51.3
3. Relates to the remaining share based payments expense to
be recognized in FY17 relating to the previous LTI scheme
4. Consulting and other costs in relation to the transformation
program and the costs relating to the relocation of head
office incurred in FY16
5. Adjustment to include a full period of public company
related costs and replacement LTI scheme
6. Payment for the early termination of interest rate swap
contracts and write off of deferred borrowing costs resulting
from refinancing as part of the listing
7. Adjustment to reflect the interest and financing costs for the
capital structure in place as a result of the listing
8. Adjustments to normalise certain tax related charges half
on half
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