Investor Presentaiton
ELDERS LIMITED
Product Performance
Mixed results across the product portfolio compared with exceptional market and other conditions in FY22
Change in product margin ($m)
FY22
NPAT
Retail
Products
Wholesale
Products
Agency
Services
(33.3)
FY22
FY23
до
152.2
FINANCIAL RESULTS
(3.1)
310.0
306.9
Retail Products
"
73.1
71.7
(1.4)
Progression of backward integration
strategy via Titan AG
147.0
113.7
Volume growth, offset by softening input
prices compressing gross margin
Agency Services
Declining livestock prices adversely
impacting gross margin
Volumes traded unable to offset impact of
price declines
Real Estate
Services
(2.1)
61.6
59.5
-48.5
(-32%)
Financial
9.3
44.2
53.5
Services
Feed & Processing
(3.1)
Services
Costs
(27.6)
Interest, Tax,
NCI & Other
12.8
FY23
16.8
13.7
(420.6) (448.2)
(79.9)
(67.1)
103.7
152.2
103.7
1.
Cost drivers detailed on slide 22
2.
NCI - Non controlling interests
Financial Services
Improved insurance performance
Uptake of own balance sheet livestock
lending
Feed and Processing Services
Lag effect of higher cattle prices reduced
margins in FY23
Reduced number of cattle head processed
through the Feedlot
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