Australian Agricultural Company Limited · ASX:AAC
Australian Agricultural — H1 2025 Earnings Presentation
23 slides from Australian Agricultural's earnings presentation, Nov 15, 2024
Slide 1: H1 FY25 Interim Results Presentation
H1 FY25 Interim Results Presentation November 2024
Slide 2: Important Information
Important Information Summary information only • any responsibility arising in any way for any or may not occur). Such forecasts and actions of competitors and activities by The distribution of this presentation in errors in or omissions from any information statements can generally be identified by
Slide 3: Acknowledgement of Country
La Belle Downs Station, NT Acknowledgement of Country H1 FY25 Results Presentation P3
Slide 4: Contents
Canobie Station, QLD Contents CEO Message 05 Performance Highlights 06 Commercial Overview 07 Sustainability Update 12 Financial Performance 13 Operating Environment 18 Closing Remarks 19 H1 FY25 Results Presentation P4
Slide 5: CEO Message
Wylarah Station, QLD CEO Message H1 FY25 Results Presentation P5
Slide 6: Performance Highlights
Wylarah Station, QLD Performance Highlights $4.3M Operating Profit Operating Cashflow Increased sales volumes delivered a resilient operating profit performance in a challenging global market. $20.2M ($9.9M) vs pcp Operating cash inflow achieved through increased sales volumes and cattle sales. +$1.
Slide 7: Commercial Overview
Commercial Overview H1 FY25 Results Presentation P7
Slide 8: Global Sales
Global Sales Wagyu Meat Sales1 14% Wagyu Meat Sales Value vs 16% Price/Mix vs pcp 30% Volume vs pcp pcp Strategic approach to product allocation to optimise price and support future growth in key high-paying regions • Increasing volume supported overall performance, helping offset reduced Wagyu meat
Slide 9: Westholme
Westholme 38% Ongoing investment creating new opportunities 21% Total Revenue vs pcp 8% Price/Mix vs PCP 29% Volume vs PCP • Significant growth in brand volumes across the Westholme portfolio, now encompassing three programs: Pure, Cross and Forage. • Limited price impact through strategic allocatio
Slide 10: Darling Downs
Darling Downs Increase in supply driven by expansion into new markets and improved engagement 25% Total Revenue vs pcp 16% Price/Mix vs pcp 41% Volume vs pcp • Growth in supply supported expanded distributions in Korea and entry of the brand into new markets. • Marketing and incentive programs in Ko
Slide 11: 1824: Promising results and expansion opportunities following launch
1824 Promising results and expansion opportunities following launch 12% % of Total Wagyu Meat Sales • Highly recognised brand that honours AACo’s 200-year history, relaunched in Australia after period of strategic development. • Focused on maximising revenue by capturing brand premium through new di
Slide 12: Sustainability Update
Sustainability Update Canobie Station, QLD Exciting developments in our Sustainability Program • Rangelands Carbon by Satellite project now in final development stages, with more than 2,200 soil cores collected. • On ground condition assessment of highest value conservation assets 90% complete, ahea
Slide 13: Financial Performance
Avon Downs Station, NT Financial Performance H1 FY25 Results Presentation P13
Slide 14: Key Financial Results
Avon Downs Station, NT Cash Flow / Net Sales Profit Assets Total Revenue Operating Profit Operating Cash Flow $195.5M $20.2M $4.3M + 17% vs pcp ($9.9M) vs pcp +$1.7M vs pcp Wagyu Meat Net Tangible Sales Price Statutory Net Profit after Tax Assets $17.46/kg $23.6M $2.55/Share (17%) vs pcp +$129.1M vs
Slide 15: Profit and Loss Summary
Profit and Loss Summary Operating Profit and Loss Summary ($M) Improved sales volumes and investment in brand supporting financial performance despite H1FY25 H1FY24 Var ongoing global market challenges. Meat Sales Revenue 147.9 131.8 16.1 Cattle Sales Revenue 47.6 35.3 12.3 Total Sales Revenue 195.5
Slide 16: Cash Flow Summary
Cash Flow Summary Consolidated Statement of Cash Flows ($M) H1FY25 H1FY24 Var Positive operating cash flow generation of $4.3M vs $2.6M pcp. Receipts from Customers 209.7 173.0 36.7 Payments to Suppliers and (191.7) (158.6) (33.1) Employees Net operating cash inflow result driven primarily by: Net F
Slide 17: Balance Sheet Summary
Balance Sheet Summary Continued strong financial position with Consolidated Statement of Financial Position ($M) net assets of $1.55B and NTA of 30 Sept 2024 31 Mar 2024 $2.55/share. Livestock 645.3 611.3 PPE & Intangibles 1,651.0 1,646.9 Livestock value uplift, with favourable unrealised fair Right
Slide 18: Operating Environment
La Belle Downs Station, NT Operating Environment AACo properties are well AACo’s integrated supply Market expectations that Continued investment in Continued transition of positioned into the next year chain underpins a continued global oversupply of beef brand and commercial sustainability and natu
Slide 19: Closing Remarks
Wylarah Station, QLD Closing Remarks H1 FY25 Results Presentation P19
Slide 20: Questions
Questions H1 FY25 Results Presentation P20
Slide 21: Appendix
Canobie Station, QLD Appendix H1 FY25Results Presentation P21
Slide 22: Definitions
Definitions Cost of Goods Sold (COGS) valued “at Represents the actual production cost the Company incurred over the multi-year timeline required to produce the meat and cattle that were sold during the period. cost” This is in contrast to Cost of Goods Sold as presented in the statutory financial s
Slide 23: Thank You
co THE ART OF AUSTRALIAN BEEF Thank You
Australian Agricultural Company — H1 2025 Earnings Presentation on 6ix