Ridley Corporation Limited · ASX:RIC
Ridley — Pac Partners & Westpac Agfood Conference 2020
16 slides from Ridley's conference presentation, Apr 29, 2020
Slide 1: For personal use only
For personal use only
Slide 2: Resilience & Comparative Advantages
For personal use only Resilience & Comparative Advantages Quinton Hildebrand, CEO. PAC PARTNERS & WESTPAC AGFOOD CONFERENCE | 29 APRIL 2020
Slide 3: Ridley in the Marketplace
RIDLEY IN THE MARKETPLACE We are a part of the average Australian household For personal use only EVERY DAY… 1.65 million 1 in every 1.8 million 1 in 5 locally eggs produced from 12 litres of milk… chicken dinners… produced fin fish layer chickens… or prawns ...ARE FED BY RIDLEY PAC PARTNERS & WESTP
Slide 4: We Are Well Diversified
WE ARE WELL DIVERSIFIED For personal use only Business unit Structure Commercial Stockfeeds Pellet, meals, concentrates and MONOGASTRIC premixes for poultry and pigs Pellet, meals, concentrates and RUMINANT premixes for dairy cattle, beef cattle and sheep PACKAGED & Bagged poultry, dairy, dog, horse
Slide 5: What Sets Us Apart
WHAT SETS US APART For personal use only Our Scale Our Investment Our Diversification • economies of scale • state of the art technologies • by geography • technical specialisation • large, energy efficient, • by species • procurement buying power increasingly-automated facilities • by customer • by
Slide 6: Demonstrated Resilience
DEMONSTRATED RESILIENCE For personal use only COVID-19 Update Consistent earnings Funding in Place (EBITDA $M from operations) Ridley responded early by Extended banking facilities in securing alternative supply chains 60 November 2019 for 5 years and procuring additional raw materials $70M in headr
Slide 7: Growth Strategy
GROWTH STRATEGY For personal use only Optimisation Sales growth Expansion / innovation There are significant Our new structure provides a In time, our pipeline of opportunities within Ridley to single point of accountability for innovation opportunities will simplify the business, install both the c
Slide 8: Growth Strategy
GROWTH STRATEGY A focus on improvements in our core business, while embedding innovation For personal use only $ • NovacqTM operation efficiencies • NovacqTM international sales • New Packaged Products • Rendering product development EXPANSION / • Acquisitions INNOVATION • Westbury utilisation • Pra
Slide 9: Outlook
OUTLOOK For personal use only • Raw materials are secured and operational contingency arrangements are in place to mitigate the effects of a business interruption due to COVID-19 • Expect some reduced demand from those customers supplying through the Food Service channel whilst ‘shut-down’ restricti
Slide 10: Appendix. Supporting information.
Appendix. Supporting For personal use only information. PAC PARTNERS & WESTPAC AGFOOD CONFERENCE | 29 APRIL 2020
Slide 11: Profit and Loss Summary
PROFIT AND LOSS SUMMARY For personal use only 1H 1H 1H 1H 1H 2H Consolidated Result - in ($m) FY19 FY20 FY19 FY18 FY17 FY16 FY19 Half year EBITDA result from Operations of $30.7m, marginally EBITDA – Ongoing operations 30.7 30.6 up on corresponding prior year period, representing an 31.8 30.0 35.2 5
Slide 12: Balance Sheet - Assets
BALANCE SHEET Assets For personal use only Dec Jun Dec Jun Jun Jun Balance Sheet - in $m Analysis of movement 2019 2019 2018 2018 2017 2016 Closing balance is a function of timing of receipts/payments and draw Cash & cash -equivalents 39.8 17.5 17.1 23.4 16.5 28.5 down/repayment of bank funding. Ref
Slide 13: Balance Sheet - Liabilities
BALANCE SHEET Liabilities For personal use only Dec Balance Sheet - in $m Jun 2019 Dec 2018 Jun 2018 Jun 2017 Jun 2016 2019 Reflects timing of creditor payments within agreed trading Current payables 172.1 158.8 155.9 155.9 148.6 145.9 terms. Current provisions 17.1 16.0 Mostly comprises employee en
Slide 14: Cash Flow
CASH FLOW For personal use only Consolidated Cash flow - in $m 1H FY20 1H FY19 1H FY18 1H FY17 1H FY16 FY19 2H FY19 Consolidated group EBITDA 24.9 24.9 EBITDA from Operations less Corporate. 27.7 23.4 34.2 54.3 29.8 before non-recurring items Less: non-recurring items (9.4) 6.4 Aggregate EBITDA impa
Slide 15: Contact details
For personal use only Contact details Quinton Hildebrand Chief Executive Officer E: Quinton.Hildebrand@ridley.com.au P: +61 3 8624 6529 Ridley Corporation Limited ABN 33 006 708 765 Level 4, 565 Bourke Street Melbourne, VIC. 3000 Australia ridley.com.au ASX: RIC
Slide 16: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER For personal use only Disclaimer The material in this presentation is general background information about the activities of Ridley Corporation Limited and its related entities (Ridley), current at the date of this presentation, unless otherwise stated. It is informat
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