2022 Annual Results
2022 Board Statement of Intentions
In accordance with the Constitution of Fonterra, the Board Statement of Intentions sets out the
Board's intentions for the performance and operations of Fonterra. The table below provides an
update of Fonterra's performance against these targets for the year ended 31 July 2022.
Healthy People
Total recordable injury frequency rate (TRIFR) per million work hours
Female representation in senior leadership
Employee engagement
Farmer sentiment (Net Promoter Score for Fonterra in New Zealand)
Healthy Environment
Number of farms with Farm Environment Plans (New Zealand)
Reduction in water used at sites in water-constrained regions versus FY18
Reduction in greenhouse gas emissions from manufacturing versus FY18
Healthy Business
Fonterra % kgMS of New Zealand milk collected for the season ended 31 May
New Zealand Farmgate Milk Price (per kgMS)
Return on capital
Debt/EBITDA
Adjusted Net Debt Gearing Ratio
Normalised earnings per share
Fonterra
Dairy for life
FY21
FY22 SOI
FY22
5.7
32.4%
4.09
5.6
35.8%
6.7
34.8%
Top Quartile
23
30
25
53%
67%
71%
(2.6)%
(8.0)%
(6.6)%
(6.5)%
(6.6)%
(11.2)%
79.0%
79.3%
79.1%4
$7.54
$7.25-$8.75
$9.30
6.6%
6.5% to 7.0%
6.8%
2.7x
2.4x
3.2x5
38.5%
34.5%
42.4%5
34c
25c to 40c
35c
1. Part of zero harm philosophy which also includes target 0 serious harm/0 fatalities
2. Senior leadership defined as Band 14+
4. F22 Season to 31 May 2022. Prior comparable season to 31 May 2021: 79.0%.
5.
3. Due to management review of the provider and means of determining engagement, measurement of this metric was
not completed during the FY22 financial year.
Colour reflects performance relative to target and prior year. Both metrics remain below the maximum ratio of 3.75x
and 45%.View entire presentation