Beston Global Food Company (BFC) 2023年年度报告「ASX」.pdf

1、Annual Report 2023BESTON GLOBAL FOOD COMPANY LIMITED|ANNUAL REPORT 2023ContentsOur year FY23 summary 2Letter from the Chairman and Chief Executive Officer 4Review of Operations 12Executives 18Capital management 21Sustainability 22Risk Management 28Directors report 30Auditors independence declaration

2、 44Financial report 45Directors declaration 80Independent auditors report 81ASX additional information 87Corporate directory 881FY23 key achievementsFY23 has been a year of extremes.In a testament of our resilience,we have managed volatility and continued to take actions to accelerate our profitable

3、 growth by investing in our hero product lines such as the expansion of lactoferrin production and discontinuing our Meat,Water and Technology business,which have impacted performance in the past.(*)Trading EBITDA from continuing operations which includes Dairy and Corporate segmentsLactoferrin sale

4、sUP172%vs FY22Trading EBITDA*significantly improved up$14.5M vs FY22Dairy gross marginsUP175%vs FY22OperatingCASH NEUTRAL in H22BESTON GLOBAL FOOD COMPANY LIMITED|FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2023*EBITDA is a non-IFRS measure that the company believe is an important indicator of perfo

5、rmance*Trading EBITDA excludes non-recurring items.Continuing Operations includes the Dairy Division and Corporate segmentsResilient Results during Volatile Times FY23$170MNet Sales from Continuing Operations UP 34%vs FY22()$4.1M Dairy Division Trading EBITDA(*)21.5MTLactoferrin Sales UP 172%vs FY22

6、18.5MTRecord lactoferrin production fueled by record yields delivered($1.7M)Group Trading EBITDA from Continuing Operations(*)$26MGross Margins from Continuing Operations UP 175%vs FY22()152ML Total milk collected stable vs FY22 despite national production decline$9.84/Kg MSRecord Actual Milk Price