The A2 Milk Company Limited (ACOPY) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the A2 Milk Company FY24 results presentation. All participants are in a listen only mode. There will be a presentation followed by a question and answer session. If you wish to ask a question, you'll need to press the star key followed by the number one on your telephone keypad. I would now like to hand the conference over to Mr. David Akers, Group Head of Investor Relations. Please go ahead. Good morning, everyone. Thanks for joining. Starting on slide three, on the call today, we have David Ward-Lucy, our Managing Director and CEO, and Dave Musket, our CFO. We also have the leaders from our regions, Lee Zhao, Johansson Ratney, Eleanor Corr, and Kevin Bush. The team will present our results and outlook, and there will be time for questions at the end. I'll hand over now to David Ward-Lucy. Thanks, David. Good morning, everyone, and thank you for joining the call. We're pleased to present our FY24 results, which delivered strong growth in revenue, EBITDA, and EPS. We grew total IMF sales despite a double-digit decline in the China IMF market, becoming a top five brand. We also achieved another record high in China label market share in a year of market-wide transition to new GB product. Encouragingly, after several periods of decline, we stabilised our English label sales and achieved growth in the second half. And pleasingly, we announced on Friday that we have resolved our Sinle arbitration disputes, subject to Sinle completing its equity raise and refinancing. Moving to slide five, which summarises our financial results. Revenue for the period was $1.68 billion, up 5.2%. EBITDA was $234 million, up 6.9%, with an EBITDA margin of 14%. Our net profit after tax was $168 million, up 7.7%, and EPS was up 9.2%, to 23.2 cents. Ne...