Ridley (RIC) Investor Presentation summary

Financial performance and growth

• EBITDA increased by 10% in FY23 and 5% in FY24, with strong operating cash conversion and disciplined working capital management.

• Total Shareholder Return achieved a 22% CAGR, exceeding long-term targets.

• Dividends paid/determined at 65% of NPAT, with a net debt/EBITDA ratio below the 1-2x target range.

• $52m invested in organic growth initiatives and $67m in acquisitions aligned to strategy and ROFE.

Strategic initiatives and achievements

• Bulk Stockfeeds segment saw 11% CAGR in ruminant volumes and 2% CAGR in monogastric volumes, supported by capacity debottlenecking and acquisitions.

• Ingredient Recovery increased higher value product sales from 21% to 30%, with new facilities and efficiency projects underway.

• Packaged Products expanded rural and urban market share, secured new contracts, and commissioned an integrated packing facility.

• NovaqPro® commercialisation advanced internationally, with a focus on the global prawn market.

Sustainability and operational excellence

• Progress made on 2030 sustainability commitments, including sourcing DCF soybean products and reducing CO2-e per tonne of feed.

• Initiatives implemented to reduce waste, enhance biosecurity, and support workforce diversity and community engagement.