Investor Presentaiton
PROFIT & LOSS RECONCILIATION
INGHAM'S
Always Good
Profit & Loss $M
1H23
Excluded
from
underlying
1H23 Underlying
1H23
Underlying
AASB 16
Leases
(Pre AASB 16)
(Reported)
1H22 Underlying
(Pre AASB 16)
(Reported)
Core Poultry volume (kt)
235.7
235.7
By-Products volume (kt)
59.0
59.0
Total Poultry volume (kt)
294.7
294.7
Feed Volume (kt)
155.9
155.9
235.7
237.1
59.0
58.8
294.7
295.9
155.9
161.6
Core Poultry Revenue
1,363.3
1,363.3
1,363.3
1,264.8
By-Products Revenue
31.9
31.9
31.9
26.0
Total Poultry Revenue
1,395.2
1,395.2
1,395.2
1,290.8
Feed Revenue
116.0
116.0
116.0
97.3
Revenue
1,511.2
1,511.2
1,511.2
1,388.1
Cost of sales
(1,140.9)
(1,140.9)
(115.5)
(1,256.4)
(1,139.1)
Gross profit
370.3
370.3
(115.5)
254.8
249.0
Gross profit %
24.5%
24.5%
16.9%
17.9%
Distribution expense
(96.4)
(96.4)
(8.5)
(104.9)
(85.2)
Sales & admin
(77.3)
13.2
(64.1)
(2.7)
(66.8)
(64.4)
JV
0.4
0.4
0.4
0.3
EBITDA
197.0
13.2
210.2
(126.7)
83.5
99.7
EBITDA %
13.0%
13.0%
13.0%
7.2%
Depreciation
(135.6)
(135.6)
108.8
(26.8)
(27.3)
Interest
(37.4)
(37.4)
27.9
(9.5)
(7.5)
PBT
24.0
13.2
37.2
10.0
47.2
64.9
Tax
(6.8)
(3.8)
(10.6)
(2.9)
(13.5)
(16.8)
NPAT
17.2
9.4
26.6
7.1
33.7
48.1
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