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Graincorp Provides an Investor Presentation for HY 2022 Financial Results

11 May 2022  |  08:45:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Investor Presentation HY22

Graincorp provided an investor presentation for HY 2022 financial results. Working capital decrease in HY 2022 largely driven by a high amount of deferred grower payments, which will unwind in the second half of FY 2022. Mark-to-market asset reflective of strong unrealised gains in HY 2022. Record financial result delivered in HY 2022. Expect net debt to remain elevated at September 2022 with export program continuing into FY 2023 and high commodity values persisting. Term debt facility renewed in 2021, out to March 2025. The Company in a $129m core cash position at 31 March 2022. Targeting $50m cash generation over FY 2021-2023 from sale of non-operational sites.

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