Slide 1: 2024 Half Year Results Presentation
2024 HALF YEAR RESULTS PRESENTATION — For the six months ended 31 December 2023 27 February 2024
Slide 2: Trading Performance
TRADING PERFORMANCE — OPERATING EBITDA REVENUE NET PROFIT AFTER TAX $36.6 million $560.9 million $12.7 million Half year operating earnings Revenue of $560.9 million; Net Profit After Tax of $12.7 before interest, tax, down $24.9 million or 4% from million; down $8.4 million or depreciation, and amo
Slide 3: Operating EBITDA
OPERATING EBITDA First Half Financial Year Five Year Summary — 60 50 48 47 40 40 35 37 $ million 30 49 20 44 34 40 31 10 9 7 7 4 0 1 -3 -3 -4 -5 -5 -10 HY20 HY21 HY22 HY23 HY24 Agency Retail & Water Other Total Operating EBITDA Operating EBITDA: Earnings before net interest and finance costs, income
Slide 4: Revenue
REVENUE First Half Financial Year Five Year Summary — 700 600 586 500 552 561 499 $ million 469 400 300 200 100 0 HY20 HY21 HY22 HY23 HY24 Revenue Total Revenue
Slide 5: Net Profit After Tax
NET PROFIT AFTER TAX First Half Financial Year Five Year Summary — 25 23 20 21 $ million 15 17 13 13 10 5 0 HY20 HY21 HY22 HY23 HY24 Net Profit After Tax Total Net Profit After Tax
Slide 6: Share Price
SHARE PRICE Post Share Consolidation — 6.00 552 5.00 476 4.00 430 $ 3.00 2.00 1.00 0.00 13-Aug-19 13-Feb-20 13-Aug-20 13-Feb-21 13-Aug-21 13-Feb-22 13-Aug-22 13-Feb-23 13-Aug-23 PGW Share Price PGW share price from 13 August 2019 to 31 December 2023
Slide 7: Total Shareholder Return
TOTAL SHAREHOLDER RETURN Post Share Consolidation — PGW’s Total Shareholder Return (gross) versus S&P/NZ50 Index (gross) From 13 Augst 2019 (post share consolidation) to 31 December 2023, rebased to 100, includes dividends. Source: IRESS
Slide 8: Outlook for FY2024 & Guidance Update
OUTLOOK FOR FY2024 & GUIDANCE UPDATE — • PGW’s outlook remains cautious with the agricultural sector and international marketplace facing various challenges including the impact of El Niño conditions, lower meat pricing (in particular sheep and lamb), higher input costs, softer commodity pricing for
Slide 9: Disclaimer
DISCLAIMER — This presentation has been prepared by PGG Wrightson (“PGW”) with due care and attention. The 2024 Half Year Results are for the six months to 31 December 2023. Forward looking statements regarding the potential future performance of PGW have been expressed by management using informati