Investor Presentaiton
ELDERS LIMITED
FY23 Financial Summary
Resilient performance despite volatility across multiple markets
FINANCIAL RESULTS
Key metrics ($m)
FY23
FY22
Var
Var %
Sales revenue
3,321.4
3,445.3
(123.9)
(4%)
Gross margin
619.0
652.7
(33.7)
(5%)
Gross margin %
18.6%
18.9%
(0.3%)
n/a
Costs
448.2
420.6
27.6
7%
Underlying EBIT
170.8
232.1
(61.3)
(26%)
Underlying net profit after tax
103.7
152.2
(48.5)
(32%)
Return on capital (%)
16.0%
26.2%
(10.2%)
n/a
Net debt (excl. AASB 16)
259.7
161.4
98.3
61%
Leverage ratio (times)
Operating cash flow
1.4
0.7
0.7
100%
169.2
113.7
55.5
(49%)
Cash Conversion (%)
Underlying earnings per share (cents)
Dividend per share (cents)
163.1%
74.7%
88%
n/a
66.3
97.3
(31.0)
(32%)
46.0
56.0
(10.0)
(18%)
Return on capital = Rolling 12 months Underlying EBIT / (working capital + investments + property, plant and equipment + right of use assets + intangibles (excluding Elders brand name) - DTL
on acquisitions - lease liabilities - provisions)
1.
2.
Target leverage of 1.5 - 2.0 times excludes AASB 16
3.
Franked at 30%
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