Investor Presentaiton
Financial Results
Comparison full year to December
Reported Currency
A$m
CY21
CY20
Var
Revenue
1,220.6
1,164.9
55.7
EBITDA-S
218.2
197.2
21.0
Constant Currency
CY20 Var
1,155.0
191.3
65.6
Fair value mvmt in bio assets
(7.5)
8.0
(15.5)
9.0
26.9
(16.5)
EBITDA
210.7
205.2
5.5
200.3
10.4
Depreciation & amortisation
EBIT
Interest Expense
Tax Expense
(108.5)
(96.6)
(11.9)
(95.9)
(12.6)
105.1
106.8
(1.7)
102.6
2.5
(25.0)
(25.6)
0.6
(25.5)
0.5
(10.4)
(13.8)
3.4
(13.6)
3.2
NPAT (before material items)
69.7
67.4
2.3
63.5
6.2
Material/pro forma items, post tax
(17.5)
(17.5)
(17.5)
Non-controlling interest
(10.8)
(6.6)
(4.2)
(5.8)
(5.0)
NPAT attributable to shareholders
41.4
60.8
(19.4)
57.7
(16.3)
NPAT-S (before material items)
64.0
55.1
8.9
51.2
12.8
Transacted Sales
1,658.9
1,598.6
60.3
1,588.6
70.3
EBITDA-S (excluding 2PH)
205.3
197.2
8.1
191.3
14.0
NPAT-S (excluding 2PH & material items)
58.4
55.1
3.3
51.2
7.2
CY21 Results
Presentation
African Blue
Monoo's nest huchesies
Driscoll's Kalady fingers
Only the Finest Berries"
Key Highlights
Revenue-sales up 4.8% vs pcp
О
International - sales up 30% on pcp, both regions performed strongly with
production and pricing improvements.
>>
Produce - Underlying result impacted by avocado revenue decline, with
improvements in Berry, Tomato and Mushroom, while weather, quality and supply
chain issues negatively impacted Citrus.
EBITDA-S - Up 10.6% vs pcp and 14% in constant currency
International result underpinned by strong China pricing and additional production
from increased footprint and yield.
Produce - mixed result with positive Berry performance but Citrus impacted by 1H
hailstorm and late season challenges with supply chain and quality issues.
Pre-2PH result was 4.1% above pcp.
NPAT-S-16% above pcp
D&A up on prior year as major CAPEX programs go-live and impact of acquisitions
in 2H.
Effective tax rate of 12%. Lower than PY given increased contribution from China.
Pre-2PH result was 6.0% above pcp.
SGARA - $15.5m movement from pcp
Downward adjustment largely reflects CY21 harvest unwind of acquired
biological assets from 2PH.
LOVACADO.
Aussie avos. From Costa.
MUSH
BOOM!
TO THE
RESCUE
Perino 2.PH. Vitor
itor
12
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