Nufarm Ltd (NUFMF) Q2 2024 Earnings Call

Investor webinar replay

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Replay transcript excerpt

WEBVTT 00:00:00.858 -- 00:00:06.564 Thank you Ashley. Good morning everyone. Welcome to New Farm's 2024 interim 00:00:06.564 -- 00:00:10.849 results presentation and thank you for joining us today. 00:00:10.849 -- 00:00:15.194 Before we get into the presentation I'll just pause for a moment and draw your attention 00:00:15.194 -- 00:00:20.219 to the disclaimer on slide two and in particular the statement relating 00:00:20.219 -- 00:00:23.401 to forward-looking statements. 00:00:25.934 -- 00:00:30.381 Experiencing challenging conditions during the half, we continue to be pleased with the 00:00:30.381 -- 00:00:35.449 progress that we're making on our strategies, which aim to deliver long-term value for 00:00:35.449 -- 00:00:37.231 our shareholders. 00:00:37.231 -- 00:00:42.379 In the context of the industry conditions that we faced, New Farm delivered a solid 00:00:42.379 -- 00:00:44.683 result for the first half of financial year 24. 00:00:44.683 -- 00:00:51.213 For the period, we reported underlying EBITDA of $217 million 00:00:51.213 -- 00:00:56.815 and statutory NPAT of $49 million. we declared an interim dividend 00:00:56.815 -- 00:01:01.843 of $0.04 per share. We remain focused on our strategy, 00:01:01.843 -- 00:01:07.352 achieving important milestones in crop protection and in our seeds, Omega-3 00:01:07.352 -- 00:01:10.093 and Carinata platforms. 00:01:10.137 -- 00:01:13.262 Now to the piece that I'm sure you're all looking for. 00:01:13.262 -- 00:01:19.532 For the financial year 24, we expect EBITDA of between $350 and $390 00:01:19.532 -- 00:01:21.352 million. 00:01:21.352 -- 00:01:26.819 The midpoint implies a reduction of 16% from financial year 23 00:01:26.819 -- 00:01:32.026 and 17% from record EBITDA reported in financial year 22. 00:01:32.026 -- 00:01:...