Elders Limited (ELD) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you very much and welcome to all for the Elders full year results presentation for the FY24 year. Thank you for joining Paul and myself for this session today. As you will be aware from our two ASX announcements this morning and our trading hold, we will approach today's briefing in two distinct parts. Firstly, Paul and I will provide a review of the FY24 results We will then present our acquisition opportunity and the strategic alignment and benefits of this for our shareholders, communities, and people. And then finally, we'll have an extended period for questions on both areas at the end. So we will move through relatively quickly to ensure that there is time for questions. So starting off with our annual results, from an elders viewpoint, this is the first full year of our fourth eight-point plan. And a very difficult and particularly problematic first quarter of the first year. The Elders' philosophy since the first eight-point plan in 2014 has been to control what we can control and not to dwell on what we can't control. To have a capital and cost structure to allow us to make good returns in bad years and to make great returns in good years. The FY24 full-year result is an example of acceptable returns in a difficult market and cost conditions particularly in Q1, as we discussed at the hearty results presentation. We use our multiple diversifications by product, service, geography, crop segment, commercial model, and channel to market, and our financial discipline to deliver consistent and high returns for our stakeholders through the cycles. In summary, we aim to control what we can control. Over the first six months of our fourth April plan, we experienced an exceptionally difficult first quarter. steady second quarter with improving market conditions ...