Investor Presentaiton
Capital and Debt Management
A$m
Net debt
Dec-21
Dec-20
Var
299.2
143.9
155.3
1.85x
0.99x
0.86x
Net debt / LTM EBITDA-SL
Senior debt facility maturity profile (A$m)
500
400
300
200
100
0
2022
Dividends Paid (A$m)
2023
23.2
18.6
20.0
8.0
16.0
11.2
2019
2020
2021
■Interim Final
CY21 Results
Presentation
Driscoll's Kalady fingers
African Blue
Moncon's nest hicbesies
Only the Finest Berries"
O
Key Highlights
Strong balance sheet and solid operating cashflows supported
a number of new growth initiatives during the year. Including:
•
•
•
Citrus acquisitions (2PH and KW Orchards)
Select Fresh (WA)
Commencement of avocado protected trellis expansion
Leverage ratio increased to 1.85x (Dec20: 0.99x). Remains
within stated preferred range of between 1.5x to 2.0x.
Successful equity raise of $185.2m (net) to fund 2PH
acquisition.
Australian debt facilities tenure extended to CY2023 in period.
Expansion of China and Moroccan debt arrangements in the
year, assisting with funding local growth initiatives.
Final dividend of 5.0cps brings FY payout to 9.0cps (CY20:
9.0cps). Total payout for CY21 $41.8m up 16% vs PY.
LOVACADO.
Aussie avos. From Costa.
MUSH
BOOM!
TO THE
RESCUE
Perino 2.PH. Vitor
>>
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15
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