Investor Presentaiton
Balance Sheet
>>
Net Assets increased to $828.0m (CY20: $616.7m). CY21
earnings contribution and equity raise to support 2PH acquisition.
Growth CAPEX included acquisitions totalling $291.4m
representing the material increases in intangibles and PP&E.
Successful renegotiation of Vitalharvest leases with Macquarie
Asset Management saw circa $270m one-off increase in Right of
Use assets and lease liabilities.
Strength of balance sheet supported growth initiatives with
funding of various major projects including KW Orchards ($40m),
2PH ($35m) and Select Fresh ($13m). Net debt increased to
$299.2m (Dec20: $143.9m).
A$m
Cash & cash equivalents
Dec-21
Dec-20
Var
Key Highlights
61.9
32.5
29.4
Receivables
109.3
100.9
8.4
Inventories
30.5
27.0
3.5
Biological assets
70.5
58.3
12.2
Equity accounted investments
27.2
21.6
5.6
Intangibles
289.1
209.5
79.6
Property, plant & equipment
799.9
515.7
284.2
ROU Assets
568.8
302.8
266.0
Other assets
45.4
37.2
8.2
Total Assets
2,002.6
1,305.5
697.1
Payables
149.3
135.1
14.2
Borrowings
361.1
176.3
184.8
Provisions
46.7
30.9
15.8
Lease Liabilities
583.0
318.1
264.9
Other liabilities
34.5
28.4
6.1
Total Liabilities
1,174.6
688.8
485.8
Net Assets
828.0
616.7
211.3
CY21 Results
Presentation
African Blue
Mono's nest hucheries
itor
14
AUSTRALIA'S BEST
AUSTRALIA'S BEST
Driscoll's Klady fingers
Only the Finest Berries
LOVACADO.
Aussie avos. From Costa.
MUSH
BOOM!
TO THE
RESCUE
Perino 2.P.H. VitorView entire presentation