Heart of the Table - Financial and Strategy Update
EBITDA reconciliation
$ millions
EBITDA
(underlying)
Pro forma
1H FY2018 1H FY2017
Variance
%
108.9
94.8
14.1
14.9
Profit on sale
14.1
0.4
13.7
Restructuring
(6.8)
(6.8)
Redundancy
(4.9)
(4.9)
Breeder farm exits
(1.9)
(1.9)
EBITDA
116.2
95.2
21.0 22.0
EBITDA
(underlying)
Group EBITDA %
9.0%
7.7%
AUS EBITDA %
8.6%
7.4%
INGHAM'S
Heart of the Table
Profit on sale
1H FY18 profit on sale attributable to sale of
Wanneroo farming and feedmill site (WA)
1H FY17 profit on sale from Foggo Road (SA) and
Cardiff (NSW) processing plants
Restructuring as we implement Accelerate
1H FY18 restructuring costs incurred as volumes
continue to be rebalanced to QLD and SA
- consequent labour restructuring for efficiency at
Somerville (VIC processing facility) and Prestons
(NSW distribution centre)
cost associated with NSW breeder farm closures
No restructuring costs were included within reported
EBITDA in 1H FY17
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