Sales by product* (%)
Sales by destination* (%)
Sales by source* (%)
Net operating assets** (ex corporate) (%)
* For the period ended December 2023.
** As at December 2023.
EBITDA excluding
special items
US$156 million
(Q1 FY23: US$290 million)
Net debt
of
US$1,216 million
(Q1 FY23: US$1,241 million)
EPS excluding
special items
8 US cents
(Q1 FY23: 30 US cents)
Production at Stockstadt and Lanaken Mills in Europe permanently ceased
| Quarter ended | |||
| Dec 2023 | Dec 2022 | Sept 2023 | |
| Key figures (US$ million) | |||
| Sales | 1,272 | 1,660 | 1,381 |
| Operating profit (loss) excluding special items(1) (4) | 86 | 225 | 65 |
| Special items – loss (gain)(2) (4) | 179 | (6) | 80 |
| EBITDA excluding special items(1) (4) | 156 | 290 | 168 |
| Profit (loss) for the period | (126) | 190 | (40) |
| Basic earnings per share (US cents) | (23) | 34 | (7) |
| EPS excluding special items (US cents)(3) | 8 | 30 | 6 |
| Net debt(3) | 1,216 | 1,241 | 1,085 |
| Key ratios: (%) | |||
| Operating profit (loss) excluding special items to sales(4) | 6.8 | 13.6 | 4.7 |
| Operating profit (loss) excluding special items to capital employed (ROCE)(3) (4) | 9.8 | 24.7 | 7.2 |
| EBITDA excluding special items to sales(4) | 12.3 | 17.5 | 12.2 |
| Net debt to EBITDA excluding special items(4) | 2.0 | 0.9 | 1.5 |
| Covenant leverage ratio(3) | 1.9 | 0.9 | 1.4 |
| Interest cover(3) | 9.8 | 17.6 | 11.2 |
| Net asset value per share (US cents)(3) | 404 | 447 | 438 |
| (1) | Refer to note 2 to the group results for the reconciliation of EBITDA excluding special items and operating profit excluding special items to operating profit by segment and profit for the period. |
| (2) | Refer to note 2 to the group results for details on special items. |
| (3) | Refer to supplemental information for the definition of the term. |
| (4) | The definition of special items has been amended from fiscal 2024 to exclude the price fair value adjustment of plantations which was previously included as part of special items. The price fair value adjustment of plantations is therefore included in the current year's EBITDA excluding special items and operating profit (loss) excluding special items. The prior year comparatives for special items continue to include the price fair value adjustment of plantations. |
Sales by product* (%)
Sales by destination* (%)
Sales by source* (%)
Net operating assets** (ex corporate) (%)
* For the period ended December 2023.
** As at December 2023.