Ingham's Group Highlights and Financial Update
Profit & Loss - Statutory
$ millions
Jun-19
Jun-18 Variance
%
Volume
Poultry volumes (kt)
517.5
505.3
12.2
2.4
Feed volumes (kt)
432.5
504.7
(72.2)
(14.3)
Revenue
Gross Profit
EBITDA
EBITDA %
2,489.8
2,373.9
115.9
4.9
483.8
476.9
6.9
1.4
242.2
212.0
30.2
14.2
9.7%
8.9%
0.8
Depreciation & Amortisation
(46.8)
(45.4)
(1.4)
(3.1)
EBIT
195.4
166.6
28.8
17.3
Net financing costs
(16.3)
(15.2)
(1.1)
(7.2)
EBT
179.1
151.4
27.7
18.3
Tax expense
(52.9)
(36.8)
(16.1)
(43.8)
NPAT
126.2
114.6
11.6
10.1
NPAT %
5.1%
4.8%
0.3
INGHAM'S
Heart of the Table
Feed volume decline attributable to the cycling of customer
loss in March 2018 and the sale of Mitavite in October 2018
Gross Profit
Statutory Gross Profit diluted by Mitavite trading results (15
weeks in FY19 v 52 weeks in FY18)
Gross profit largely impacted by the inability to pass through
higher costs in New Zealand
EBITDA
Includes $49.7m related to net profit on sale partially offset
by $18.3m in restructuring and other costs
Finance costs
Net financing costs includes $0.9m related to the close out
of the previous syndicated debt facility and $1.1m related to
funding the SA feed mill
Earnings per share (cents) 1
34.0
30.1
3.9
13.0
Shares on issue
371.7
380.2
(8.5)
(2.2)
Tax
1.
EPS calculation based on share on issue at Jun-19 371.7m and Jun-18 380.2m
Effective tax rate increased to 29.5% following change to tax
legislation as flagged
PAGE // 5View entire presentation