Lindsay Australia (LAU) AGM 2024 summary

Opening remarks and agenda

• Chair Ian Williams delivered introductory and closing remarks, welcoming attendees and outlining the meeting's agenda.

Financial performance review

• Operating revenue increased by 18.9% to $804.4 million.

• Underlying EBITDA grew by 2.1% to $92.1 million.

• Transport revenue rose by $52 million, with growth in blue chip customers.

• WB Hunter integration contributed $87 million in sales over 11 months.

• Record-low net leverage of 1.16x and ROIC of 20.2% achieved.

Dividend announcements

• Fully franked dividend of 4.9 cents per share declared, representing a 50% underlying payout ratio.