Investor Presentaiton
ELDERS LIMITED
Cost Drivers
Disciplined focus on cost management in FY24
Costs ($m)
FY22 Costs
420.6
People
11.8
Motor Vehicles
4.8
194
Underlying Cost Base ($m)
227
223
225
Commentary
FINANCIAL RESULTS
People:
65 additional FTE (29 graduates, 36 network and business
growth)
Wage growth
Offset by lower performance incentives
Motor Vehicles:
FY22
FY23
"
H1
H2
"
61 additional motor vehicles (non-acquisition)
Rising fuel costs
Property and
3.2
Lease Costs
Depreciation and
0.5
Amortisation¹
"
Costs held flat from FY22 H2 to FY23 H2
+7%
IT Costs
0.8
Acquisitions
Transformational
1.
2.
Projects
9.6
"
3.2
Operating and
2
(6.4)
Other Expenses
FY23 Costs
448.2
Discretionary spend has been controlled through tighter
management of internal travel and entertainment, as well as
reliance on external consultants
Acquisitions:
"
Nine acquisitions in FY23
94 additional FTE
52 additional motor vehicles
Commitment to controlled cost base in FY24, despite inflationary
cost environment, organic growth and transformational project
spend
Transformational Projects:
Systems Modernisation +$1.2m, including +7 FTE
Elders Wool Handling +$2.0m, including +18 FTE
Operating and Other Expenses
"
Continued focus on discretionary spend
Depreciation on property, plant and equipment only. Depreciation on ROU is included within Property and Lease Costs
Includes Consulting, Advertising, Insurance, Legal Costs etc.
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