Strategic Financial Overview
INGHAM'S
Heart of the Table
Capital Management
Capital Return
Strong cash generation since IPO
$150m of extra capital was raised at IPO
cash balance of $273m at June 2018
leverage 0.7x (at listing 2.5x FY16 Pro forma EBITDA)
> Independent review of capital management options undertaken
> Capital return of $125m approved by the Board to return surplus capital to shareholders, 33.0 cps
expected timing Dec18 - Jan 19
Management will seek class ruling from the ATO in order to confirm the tax treatment to shareholders
On-Market Share Buy-Back
Sale of Mitavite expected to complete in Q4 CY18
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Upon completion, the Board intends to proceed with an on-market share buy back of up to 5% of issued capital
Macquarie Securities has been appointed to manage the on-market share buyback
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