Inghams Group Ltd. · ASX:ING
Inghams — Shareholder Meeting (October 2019)
10 slides from Inghams's shareholder meeting presentation, Oct 17, 2019
Slide 1: Inghams Group Limited 2019 Annual General Meeting
For personal use only Inghams Group Limited 2019 Annual General Meeting 17 OCTOBER 2019
Slide 2: Introduction and Chairman's Address
Broiler Farm South Australia For personal use only 01 Introduction and Chairman’s Address
Slide 3: Welcome to Ingham's 2019 AGM – Board of Directors
Welcome to Ingham’s 2019 AGM For personal use only Inghams Group Limited Board of Directors Peter Bush* Chairman (Independent Non-Executive Director) Ricky Lau* Jackie McArthur Jim Leighton Helen Nash Andrew Reeves^ Robert Gordon^ Linda Bardo Nicholls, AO Non-Executive Director Independent Managing
Slide 4: CEO's Address
Feed mill Berrima, New South Wales For personal use only 02 CEO’s Address
Slide 5: Financial highlights – FY19 vs FY18
Financial highlights – FY19 vs FY18 For personal use only Core Underlying Underlying Underlying Cash Underlying Final Poultry Gross Gross EBITDA EBITDA NPAT NPAT Conv EPS EPS Dividend Volume Profit Profit Ratio 414.9kt $483.8m $480.2m $242.2m $208.6m $126.2m $103.2m 112.7% 34.0 cps 27.8 cps 10.5 cps
Slide 6: FY19 Results – Segment Information – Australia
FY19 Results – Segment Information – Australia For personal use only $ millions (AUD) Jun-19 Jun-18 Variance % Summary: Australia Australia Core poultry volume and revenue growth excluding Core Poultry volumes (kt) 351.3 334.5 16.8 5.0 ingredients of 5.0% and 7.1% respectively Feed volumes (kt) 30
Slide 7: FY19 Results – Segment Information – New Zealand
FY19 Results – Segment Information – New Zealand For personal use only $ millions (AUD) Jun-19 Jun-18 Variance % Summary: New Zealand New Zealand Volume for core poultry in line with prior year, with some Core Poultry volumes (kt) 63.6 63.2 0.4 0.6 growth in 2H Feed volumes (kt) 130.3 137.3 (7.0)
Slide 8: Feed cost update
Feed cost update For personal use only Feed is our largest input cost Wheat price (as observed by Ingham’s) $A per tonne Feed prices have continued to remain at 450 400 close to historically high levels, driven by 350 continued dry conditions in Australia during 300 FY2019 250 200 We are in th
Slide 9: FY2020 outlook
FY2020 outlook For personal use only Trading to plan through Q1 FY2020 EBITDA run rate is planned to be lower in the first half than the second half of FY2020 Current feed costs remain close to historic highs, impacting the outlook into 2H FY2020 dependent upon the next domestic grain harvest
Slide 10: Future Opportunity
Future Opportunity For personal use only Leadership team rebuild complete Bring the right mindset, capability, experience and diversity to get after the opportunity Team – decades of global best practice poultry operational experience from around the world Update New leadership team is challen