Investor Presentaiton
Oils: lower canola supply impacting oilseed crush
margins
1.
2.
$M
FY19
FY18
Revenue
1,011
969
EBITDA
53
61
EBIT
24
28
Capex
13
46
•
•
•
.
Bulk Liquid Terminals: high utilisation, driven by continuing
customer demand across a range of product segments.
Oilseeds: continued pressure on crush margin due to the
ECA drought's impact on canola supply and freight costs.
Australian canola crop production (1) estimates:
-
-
2018/19: 2.1mmt (ECA 0.4mmt, WA/SA(2) 1.7mmt).
2017/18: 3.8mmt (ECA 1.6mmt, WA/SA(2) 2.2mmt)
Foods: stable volumes, ongoing focus on efficiencies and
product innovation.
Feeds: improved performance with increase in demand for
supplementary feed.
Sale of Australian Bulk Liquid Terminals:
Announced in March 2019, an agreement to sell
Australian Bulk Liquid Terminals business to ANZ
Terminals for enterprise value of $350 million.
•
Will release capital and unlock significant value for
shareholders.
ACCC currently reviewing transaction, decision
date 15 November 2019. Also subject to other
conditions.
Using average of ACF's and ABARES' canola production estimates.
Western Australia South Australia
GrainCorp
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