Page 42 - Food&Drink magazine November-December 2022

AUSTRALIA’S TOP 100 FOOD & DRINK COMPANIES 2022
SPONSORED BY
ABBREVIATIONS O Overseas NL Non-listed P Publicly listed Pty Proprietary/private C Co-operative
INGHAM’S
Ingham’s challenging year
▼ Sales down ▲ Sales up
7
REV UP/DOWN
TYPE
REV $M
PERIOD
PREVIOUS REV $M
AT THE HELM
▲
P
2714
06/22
2669
Andrew Reeves
INGHAMS Group Limited, trading as Ingham’s, is a locally owned public company, deriving revenue from the production and sale of chicken and turkey products. It is Australia’s largest integrated protein producer across Australia and New Zealand, providing chicken, turkey, and plant-based protein products to retail, quick service restaurants, foodservice distributors, and wholesalers.
For Ingham’s, FY22 results came against a backdrop of
volatile operating conditions, with ongoing pandemic impacts, labour challenges, flooding in New South Wales and Queensland and the war in Ukraine causing significant impact on global fuel and feed prices. The Omicron variant exacerbated the situation with prolonged lockdowns, increased absenteeism, and operational disruptions, with absenteeism sometimes reaching 50 per cent, impacting the entire production line.
It resulted in a small revenue rise but a 57.9 per cent drop in Net Profit After Tax to $35.1 million, and a 16.6 per cent decline in Earnings Before Interest Taxes, Depreciation and Amortisation to $370.4 million.
The company has approximately 8000 employees, operates in Australia and New Zealand, and
is administered by its head office in North Ryde, New South Wales. Inghams Group is listed on the ASX under the code ING.
8
TREASURY WINE ESTATES
Change spurs momentum
REV UP/DOWN
TYPE
REV $M
PERIOD
PREVIOUS REV $M
AT THE HELM
▼
P
2599
06/22
2821
Tim Ford
TREASURY Wine Estates (TWE) CEO Tim Ford said FY22 was a marker for the company, drawing a line under two years of significant change to create the momentum for future growth. Treasury Wine Estates Limited is a locally owned public company, generating revenue from the growing and sourcing of grapes and the manufacture, distribution, and sale of wine.
In FY22, the company returned to earnings growth, managed the effective closure of the mainland China market, reshaped its Americas division, and navigated global macroeconomic factors including the pandemic, supply chain disruption and inflationary
pressures, Ford said. The company continues to focus on its Premium and Luxury portfolios, which now represents 80 per cent of global revenue.
In FY22, Penfolds accounted for 29 per cent Net Sales Revenue (NSR), Treasury Americas 39 per cent, and Treasury Premium Brands 32 per cent.
In October, TWE acquired Chateau Lanessan in Bordeaux, France. The move doubled its existing production capacity
in France as well as being the latest step in developing Penfolds into a multi-regional luxury wine portfolio. It bought Beenak Vineyard from Accolade Wines earlier in the year, to bolster its
pinot noir and chardonnay capacity.
In May, TWE
opened a new
$165 million
production
facility in South
Australia’s
Barossa Valley
(Pictured right:
CEO Tim Ford,
SA Premier Peter Malinauskus, CSO Kerrin Petty). Two and a half years in the making, it has four bottling lines, can package up
to 216 million bottles a year, and increases premium winemaking capacity by a third.
The company employs
approximately 2500 people, operates in across Australia, New Zealand, Asia, the Americas, UK, Middle East, Europe, and Africa, and is administered from its head office in Melbourne, Victoria. Treasury Wine Estates is listed on the ASX under the code TWE.
42 | Food&Drink business | November-December 2022 | www.foodanddrinkbusiness.com.au