Graincorp Limited Class A · ASX:GNC
Graincorp Limited Class A — Investor Presentation (February 2016)
9 slides from Graincorp Limited Class A's investor presentation, Feb 11, 2016
Slide 1: ASX announcement: Investor Presentation FY15 Outlook & Guidance
27 February 2015 The Manager Company Announcements Office ASX Limited 20 Bridge Street SYDNEY NSW 2000 GRAINCORP LIMITED: GNC INVESTOR PRESENTATION FY15 OUTLOOK & GUIDANCE Please find attached the Investor Presentation relating to GrainCorp’s FY15 outlook and guidance. GrainCorp is holding a briefin
Slide 2: FY15 Outlook & Guidance
FY15 Outlook & Guidance 27 February 2015
Slide 3: Disclaimer
Disclaimer This presentation includes both information that is historical in character and information that consists of forward looking statements. Forward looking statements are not based on historical facts, but are based on current expectations of future results or events. The forward looking sta
Slide 4: Contents
Contents • FY15 Outlook • FY15 Earnings Guidance • Winter crop post-harvest review 3
Slide 5: Marketing: Grains outlook – lower grain production eastern Australia
Grains outlook – lower grain production eastern Australia Market fundamentals GrainCorp FY15 outlook • Eastern Australian crop production estimate of • Carry-in: 1.9mmt significantly lower than recent 16.2mmt(1) is below normal (FY14: 17.2mmt) years (FY14: 2.3mmt) • Domestic demand for grain in east
Slide 6: Storage & Logistics: below normal grain production resulting in lower volumes
Below normal grain production resulting in lower S&L volumes FY15 FY15 Drivers (mmt) FY14 FY15 Outlook YTD(1) Outlook Eastern Australia Grain • Grain production forecast below normal and 17.2 16.2(2) lower than prior year Production • Below average and lower than recent years Grain carry-in (1-Oct)
Slide 7: Malt: Processing outlook – well placed through strong competitive position
Processing outlook – well placed through strong competitive position Market fundamentals GrainCorp FY15 outlook • Global barley crop production ~140mmt(1) • Forward sales of 1.2mmt YTD (FY14: 145mmt) • Malt sales volume: ~1.27mmt • Weather related barley production issues in • Lower Australia dollar
Slide 8: FY15 Earnings Guidance
FY15 Earnings Guidance EBITDA NPAT • EBITDA (before significant items): • Underlying NPAT (before significant items): Guidance $240M – $270M $45M – $60M • Includes 60% share of Allied Mills NPAT before • Depreciation & Amortisation: ~$135M significant items • Tax: ~26% Assumptions / Variables Variab
Slide 9: Winter crop post harvest review
Winter crop post harvest review Production & Receivals • Lower than average grain production in northern regions • Winter receivals of 6.7mmt year-to-date, representing upcountry market share of ~46% good performance given smaller crop • Export program later than expected reducing the recoverabi