A2 Milk Company Limited · NZX:ATM
A2 Milk — The a2 Milk Company — Dairy Day 2019 (FNZC & Credit Suisse)
19 slides from A2 Milk's conference presentation, Apr 3, 2019
Slide 1: Dairy Day 2019
Dairy Day 2019 FNZC & Credit Suisse | Sydney] 3 April 2019 Siw ' © 22 Migs, a2/Platinum™ and The a2 Milk Company™ are trad = of Theses f
Slide 2: Disclaimer
Disclaimer This presentation to be given on 3 April 2019 provides additional comment on the Interim Report of The a2 Milk Company Limited, a company incorporated in New Zealand (a2MC), and its subsidiaries, for the six months ended 31 December 2018 and the accompanying information released to the ma
Slide 3: The a2 Milk Company at a glance
The a2 Milk Company at a glance ¢ Single minded focus on providing high quality branded dairy nutritional products in targeted global markets ¢ We uniquely focus only on products based on the A2 beta casein protein type rather than conventional cows’ milk products containing both A1 and A2 protein t
Slide 4: Macro consumer trends support our momentum
Macro consumer trends support our momentum Growing consumer Food safety, naturalness Growing middle demand for health and and provenance class in Asia wellness products
Slide 5: What makes us so unique?
What makes us so unique? e e XN ! 7 . . . . -7\.) Focussed investment in Single-minded focus () brand, IP and growth e e e e e e Unique, modern and r Capital-smart premium brand J approach e e e e Australia and New Zealand sourcing for Asia Pacific . ° Innovative and mo . oAo agile approach ‘> A 5
Slide 6: For personal use only
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Slide 7: 1H19 results highlights
1H19 results highlights Group revenue (NZ$ million)! 922.7 FY16 FYI7 FY18 1H19 @H1 wH2 Group EBITDA? (NZ$ million) 283.0 FY17 FY18 ©H1 wH2 Basic Earnings Per Share (cents) 27.0 20.9 12.7 FY16 FYI7 FY18 1H19 @Full Year mHalf Year 1 The Company’s financial year ends 30 June; H1 refers to the first hal
Slide 8: For personal use only
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Slide 9: For personal use only
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Slide 10: FY19 outlook
FY19 outlook’ + In the first half the Company has invested strongly in both internal and external capability to better understand our Chinese consumers, channel dynamics and ways of improving brand awareness + Following a very strong first half performance, and encouraged by growing market share in
Slide 11: thea2milkcompany.com
thea2milkcompany.com
Slide 12: For personal use only
For personal use only
Slide 13: What is the a2 Milk brand difference?
What is the a2 Milk® brand difference? ¢ The brand difference starts with specially selected cows ¢ The a2 Milk Company has significant years of knowledge and experience and takes great care in bringing our consumers the very best quality dairy nutritional products always free from the A1 protein e
Slide 14: For personal use only
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Slide 15: 1H19 cash position - strong balance sheet
1H19 cash position - strong balance sheet Group cash movement: 1H19 (NZ$ million) 340.5 (47.3) (2.4) 46.9 40.1 287.9 (162.3) Cash on hand Group NPAT — Working capital Investments in Investment in Depreciation, FX and other Cash on hand (Jun-18) PPE & intangibles Synlait amortisation & (Dec-18) other
Slide 16: Geographic and product segment performance
Geographic and product segment performance Geographic segment revenue & EBITDA Product segment revenue an Australia & China & Total Liquid Infant NZ§ million New Zealand _ other Asia UK & USA Corporate Group milk nutrition Other Revenue 418.4 171.7 23.0 = 613.1 83.4 495.5 34.2 1H19 EBITDA’ 192.0 68.
Slide 17: Reconciliation of non-GAAP measures
Reconciliation of non-GAAP measures NZ$ million 1H19 1H18 Australia & New Zealand segment EBITDA 192.0 116.4 China & other Asia segment EBITDA 68.4 48.3 UK & USA segment EBITDA! (14.6) (8.4) Corporate EBITDA (27.4) (13.4) EBITDA' 218.4 143.0 Depreciation/amortisation (1.0) (1.1) EBIT! 217.4 141.9 Ne
Slide 18: For personal use only
For personal use only • • – – – – –
Slide 19: thea2milkcompany.com
thea2milkcompany.com
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