Strategic rationale for the acquisitions
Metcash Food financial snapshot after Superior Food acquisition
Further diversification of Food revenue and earnings
Metcash Food before Superior Food¹
Metcash Food after Superior Food 2,3
Pro forma Metcash Food
sales contribution
(Pro forma Oct-23 LTM)
Pro forma Metcash Food
EBIT contribution
(Pro forma Oct-23 LTM)
11%
9%
$9.6bn
Supermarkets
Convenience
89%
Pre-synergies
15%
$208m
2.2% margin
■ Food
$244m³
2.2% margin
100%
85%
1.
2.
3.
Represents Metcash reported results for the 12 months ended October 2023 (Oct-2023 LTM).
Superior Food Sales and EBIT reflect underlying Oct-23 LTM results. Further details of the pro forma financial information are included on slide 40.
EBIT is presented on a post-AASB16 Leases basis.
4.
EBIT includes the annualised (run-rate) synergies that are expected to be achieved at the end of year 2 post completion.
Metcash
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
%1
$10.9bn
79%
Post-synergies
%61
$258m³
2.4% margin
81%
Supermarkets
Convenience
Superior Food
Food - existing
Food - Superior
Food
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