Comprising the Group's premium quality, high performance animal nutrition feed and ingredient solutions delivered in packaged form from 1 tonne bulka bag down to 3kg bags, and includes the Aquafeed Business Unit.
FY22 1H
FY21 1H
Variance
$m
$m
EBITDA before significant items
27.1
23.0
18%
EBIT
21.8
16.1
36%
Segment Assets
252.0
314.0
Segment Liabilities
(53.4)
(59.5)
Segment Net Assets
198.6
254.5
22%
only
EBITDA ROFE
25.4%
16.9%
51%
use
• Strong rendering returns supported by:
• ongoing high selling prices for protein meals and tallows, partially
off-set by the increased cost of raw materials paid to abattoirs.
• Improved yields and product premiumisation following recent capital
upgrades.
onal
• Growth in branded packaged product volumes in both the rural
farming and urban petfood markets.
• Aquafeed business underperformed in an oversupplied market;
transitioned to a single facility operation in the period.
• Novacq™ reported a loss in the period as the production is
seasonal and weighted to the second half of the financial year.
4
BULK STOCKFEEDS
Comprising the Group's premium quality, high performance animal nutrition stockfeed solutions delivered in bulk.
FY22 1H
FY21 1H
Variance
$m
$m
only
EBITDA before significant items
18.6
14.6
28%
EBIT
10.6
6.4
67%
Segment Assets
270.8
264.5
Segment Liabilities
(145.1)
(128.9)
Segment Net Assets
125.7
135.6
7%
EBITDA ROFE
29.1%
22.6%
29%
use
• Volume growth in all species, with significant gains in the
poultry and dairy sectors.
• Successful raw material procurement through the transition
onal
from the old to new season grain crop.
• The full benefit of the replacement of the aging Bendigo and
Mooroopna feedmills with the new Wellsford feedmill was also
realised in FY22 1H.
RIDLEY | FY22 1H RESULTS | 17 FEBRUARY 2022
5
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original Link
Original Document
Permalink
Disclaimer
Ridley Corporation Limited published this content on 16 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 February 2022 21:39:20 UTC.
Ridley Corporation Limited is an Australia-based company that is engaged in the production of animal nutrition solutions. The Company operates through two segments: Packaged Feeds and Ingredients and Bulk Stockfeeds. The Packaged Feeds and Ingredients segment comprises animal nutrition feed and ingredient solutions delivered in packaged form, ranging from one ton down to three kilograms bags. It also includes the Aquafeed Business Unit. The Bulk Stockfeeds segment includes animal nutrition stockfeed solutions delivered in bulk. Its product categories include packaged products, Monogastric Commercial Feeds, Ruminant Commercial Feeds, Aqua Feeds and Rendered Ingredients. It provides nutritional feed to a range of species, including dairy cows, poultry, pigs, beef cattle, horses, sheep, dogs, rodents, and native animals at all stages of life. The Company provides its products under the brand names Barastoc, Cobber, Rumevite, Primo, and Ridley.
RIDLEY CORPORATION LIMITED 
