Ingham's Group Highlights and Financial Update
Profit & Loss - Underlying
$ millions
Jun-19
Jun-18 Variance
%
Poultry volumes (kt)
517.5
505.3
12.2
2.4
Feed volumes (kt)
419.8
466.7
(46.9)
(10.0)
Revenue
Gross Profit
EBITDA
EBITDA %
2,478.8
2,341.4
137.4
5.9
480.2
466.0
14.2
3.0
208.6
202.7
5.9
2.9
8.4%
8.7%
(0.3)
Depreciation & Amortisation
(46.8)
(45.1)
(1.7)
(3.8)
EBIT
161.8
157.6
4.2
2.7
Net financing costs
(15.7)
(15.2)
(0.5)
(3.3)
EBT
146.1
142.4
3.7
2.6
Tax expense
(42.9)
(34.4)
(8.5) (24.7)
NPAT
103.2
108.0
(4.8)
(4.4)
NPAT %
4.2%
4.6%
(0.4)
Earnings per share (cents) 1
Shares on issue
27.8
28.4
(0.6)
(2.1)
371.7
380.2
(8.5)
(2.2)
1.
EPS calculation based on share on issue at Jun-19 371.7m and Jun-18 380.2m
INGHAM'S
Heart of the Table
Volume & Revenue
Continued growth in core poultry volume and revenue of
4.3% and 6.7% respectively
> Feed volume decline attributable to the cycling of customer
loss in March 2018
Gross Profit
Gross profit largely impacted by the inability to pass through
higher costs in New Zealand
EBITDA
Margin maintained despite challenging conditions in New
Zealand and record commodity prices
NPAT & EPS
NPAT impacted by increase in the underlying effective tax
rate to 29.4%, as previously flagged
EPS accretive impact of the share buy-back 2.3%
Underlying NPAT excludes Mitavite trading results, profit on
sales of assets, restructuring, impairments and finance exit
costs. Refer to Appendix for additional details
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