FY23 Financial Performance and Market Strategy
AASB 16 COMPOSITION
IMPACT REDUCING OVER TIME AS CONTRACT GROWERS TRANSITION TO VARIABLE
CONTRACTS, WITH STEP-DOWN EXPECTED IN FY24
INGHAM'S
Always Good
50%
42.1%
40%
37.5%
35.0%
35.0%
$1,200
34.0%
34.0%
33.9%
33.9%
$601.6
31.9%
$515.6
Grower Contract Movements
Right of Use Assets ($M)
Lease Liabilities ($M)
$1,600
$1,600
Land & Buildings / Other
■Growers
Land & Buildings / Other
Growers
F
ROUA
■Lease Liability
$1,400
$1,400
$500.6
$1,200
$487.0
$475.9
$464.0
$461.9
30.9%
$446.0
$1,000
$1,000
30%
$800
$800
20%
$600
$600
$400
$400
10%
$200
0%
$0
FY20
FY21
FY22
FY23
FY24(e)
FY20
AASB 16 impact on EBITDA ($M)
$300
$250
Land & Buildings / Other ■Growers
$250
$200
$15 146.3
$100
$50
$200
FY21
FY22
$200
$0
FY23
FY24(e)
FY20
FY21
AASB 16 impact on Depreciation ($M)
$70
Land & Buildings / Other
■Growers
$60
$150
142.9
148.5
150.5
128.7
137.6
134.0
137.1
$100
$50
FY22
FY23
FY24(e)
AASB 16 impact on Interest ($M)
Land & Buildings / Other
Growers
$50
20.4
17.0
16.6
440
17.9
$40
$30
$20
$10
$0
$0
$0
FY20
FY21
FY22
FY23
FY24(e)
FY20
FY21
FY22
FY23
FY24(e)
FY20
FY21
FY22
FY23
FY24(e)
30View entire presentation