Elders Limited (ELD) Q4 2023 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Elders Limited.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.790 -- 00:00:05.455 Thank you very much and welcome to all for the elders full year results presentation 00:00:05.455 -- 00:00:10.119 for the FY23 year. Thank you for joining Paul and myself for the session today. 00:00:10.119 -- 00:00:15.345 From an elders viewpoint, this is the final year of our third eight point plan. 00:00:15.345 -- 00:00:19.148 The elders philosophy since the first eight point plan in 2014 00:00:19.148 -- 00:00:23.913 has been to control what we control and not to dwell on what we can't control. 00:00:23.913 -- 00:00:28.698 To have a cost and capital structure to allow us to make good returns in bad years and 00:00:28.698 -- 00:00:34.026 to make great returns in good years. The FY23 results are an example of acceptable 00:00:34.026 -- 00:00:38.190 returns in very difficult market and cost conditions. 00:00:38.190 -- 00:00:42.914 In fact, this result is the second highest result in the last 10 years for Elders. 00:00:42.914 -- 00:00:48.039 We use our multiple diversifications by product, service, geography, crop 00:00:48.039 -- 00:00:53.124 segment, commercial model and channel to market and our financial discipline to 00:00:53.124 -- 00:00:57.708 deliver consistent and high returns for our stakeholders. 00:00:57.708 -- 00:01:00.494 In summary, we aim to control what we can control. 00:01:00.494 -- 00:01:06.262 Over the first two years of our third eight-point plan, and more specifically in FY22, 00:01:06.262 -- 00:01:10.789 we experienced exceptionally strong and early market conditions across most production 00:01:10.789 -- 00:01:13.673 enterprises and geographies. 00:01:13.673 -- 00:01:18.880 We also had positive livestock prices, winter crop and summer crop conditions with unseasonable 00:01:18.880 -- 00:01:24.153 rainfall, al...