Investor Presentaiton
FY22 results summary
NORTH AMERICAN PROCESSING DIVISION IMPACTED BY EXTERNAL EVENTS
MMALT
UNITED
Actual FX
Constant FX
$m
FY22
FY212
% Change
FY21
% Change
Revenue
1406.7
1235.0
13.9%
1272.8
10.5%
Revenue up 13.9% to $1,406.7 million (on constant currency basis,
revenue up 10.5%), reflecting higher barley price
EBITDA impacted by external factors:
•
Underlying EBITDA
Canadian barley crop quality & logistics
(before one-off
105.9
137.9
(23.2)%
145.2
-27.1%
•
Supply chain disruption
items and SaaS)¹
•
Costs inflation
EBITDA
91.8
124.0
(26.0)%
130.8
-29.8%
EBIT
29.8
63.4
(53.0)%
68.2
-56.3%
Significant Items
0.0
(21.1)
NM
(20.6)
NM
Net finance cost
(11.7)
(9.8)
19.4%
(10.1)
15.8%
Net finance costs higher - short-term impact of higher barley
inventory costs and volume of barley required for the start-up of the
Inverness facility in Scotland
1H22 dividend of 1.5 cents, payout of ~40% - no final dividend
declared
Tax expense
(6.5)
(18.0)
(63.9)%
(19.0) (65.8)%
Statutory NPAT
11.6
14.5
(20.0)%
18.4
(37.0)%
Underlying NPAT
11.6
34.7
(66.6)%
39.1
(70.3)%
EPS (cps)
3.9
4.8
(18.8)%
DPS (cps)
1.5
5.5
(72.7)%
1.
2.
See appendices for breakdown of Underlying EBITDA excluding one-off items & SaaS
FY21 restated throughout the presentation
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