onlyuse personal2022 Annual Report For
Who We Are
For personal use only
Wingara AG Limited is the owner and operator of value-add, mid-stream assets specialising in the processing, storage
and marketing of agriculture produce for export markets.
We specialise in the processing and export of high quality Australian agricultural produce to the Asian market.
Wingara AG locations
South Australia
New South Wales
Griffith | ||
Bordertown | ||
Horsham | Raywood | Victoria |
Epsom | ||
Melbourne | ||
Geelong |
Green products | |
Grower catchment | Australia |
Red products | |
Supplier catchment | |
Victoria |
Wingara AG Limited 2022 Annual Report
01
Our Vision | Our Mission | ||||||
Capitalise on our global trading network to partner with primary | Partner with our clients on the international stage to build | ||||||
producers to market and export innovative good and services to | a supply chain platform where we enable our high quality | ||||||
useonly | |||||||
our loyal and diverse Asian market by being flexible and dynamic | products to reach our consumers efficiently and securely. | ||||||
allowing us to adapt to the ever changing global market. | |||||||
personal | Major export destinations | ||||||
Japan/South Korea/Taiwan/China | |||||||
Contents | |||||||
For | 02 | 08 | SUSTAINABILITY | ||||
& ENVIRONMENT | |||||||
FIVE YEAR | AND CORPORATE | ||||||
SUMMARY | GOVERNANCE | ||||||
04 | CHAIRMAN & | 09 | BOARD OF | ||||
CEO LETTER | DIRECTORS | ||||||
06 | 10 | DIRECTORS' REPORT | |||||
2022 BUSINESS | AND FINANCIAL | ||||||
HIGHLIGHTS | STATEMENTS |
Wingara AG Limited 2022 Annual Report
02
Five Year Summary
only | ||||||
$'000 UNLESS OTHERWISE STATED | 2022 | 2021 | 2020 | 2019 | 2018 | |
Operating results | ||||||
Revenue | 50,064 | 38,009 | 35,058 | 29,120 | 10,763 | |
Cost of Sales | (30,267) | (24,821) | (18,786) | (13,651) | (5,298) | |
use | ||||||
Gross Profit | 19,797 | 13,188 | 16,271 | 15,469 | 5,465 | |
EBITDA before significant items | 2,224 | 2,532 | 3,287 | 4,752 | 1,089 | |
Depreciation and amortisation (D&A) | (3,232) | (2,898) | (2,467) | (2,116) | (602) | |
EBIT before significant items | (1,008) | (366) | 820 | 2,636 | 487 | |
Finance expenses | (2,900) | (2,576) | (2,021) | (1,806) | (383) | |
Income tax benefit/(expense) | 43 | (228) | (107) | (46) | 319 | |
Net profit/(loss) before tax | ||||||
before significant items | (3,865) | (3,170) | (1,308) | 784 | 424 | |
personal | ||||||
Significant items | (5,832) | (3,062) | 2,095 | 122 | (858) | |
Other comprehensive income | - | - | - | - | - | |
Profit/loss attributable to members | (9,697) | (6,232) | 787 | 906 | (434) | |
Financial position | ||||||
Wingara shareholders' funds | 9,650 | 14,857 | 16,441 | 15,139 | 12,091 | |
Intangible assets | 1,816 | 1,816 | 1,816 | 1,816 | 1,816 | |
Total assets | 46,414 | 54,032 | 55,318 | 47,404 | 23,361 | |
Total liabilities | 36,764 | 39,175 | 38,877 | 32,264 | 11,270 | |
Net debt*** | 6,284 | 8,861 | 7,620 | 26,849 | 584 | |
Operating cash flow | 2,608 | 317 | 1,517 | 184 | (4) | |
Closing share price (dollars) | 0.059 | 0.120 | 0.250 | 0.255 | 0.370 | |
Shares on issue (thousands) | 175,543 | 132,782 | 106,055 | 105,105 | 96,790 | |
For |
- Before significant items
- Calculated by dividing the profit attributable to the owners of Wingara AG Limited by the weighted average number of ordinary shares outstanding during the financial year.
- Debt metrics exclude impact of AASB16 lease liabilities
Wingara AG Limited 2022 Annual Report
03
only$'000 UNLESS OTHERWISE STATED
Key financial metrics Revenue growth (%) Gross margin (%) EBITDA* margin (%)
useEBITDA* growth (%) EBIT* growth (%)
Key profitability ratios
Return on Equity (%)
Return on Assets (%)
personalEarnings/(loss) per share (EPS) (cents)** EPS growth (%)
Total shareholder returns (%)
Operating cash flow/EBITDA* (times)
EBITDA* Return on Assets
EBITDA* Return on Equity
Capital market and structure ratios
EBITDA* per share (cents)
P/E ratio (times)
Net debt***/shareholders' equity (%)
Equity/total assets (%)
Net debt***/EBITDA* (times)
EBIT*/net interest (times)
ForNet tangible asset backing per share (cents)
20222021202020192018
31.7% | 8.4% | 20.4% | 170.6% | 23.9% |
39.5% | 34.7% | 46.4% | 53.1% | 50.8% |
4.4% | 6.7% | 9.4% | 16.3% | 10.1% |
(12.2%) | (23.0%) | (30.8%) | 336.4% | 79.7% |
175.4% | (144.7%) | (68.9%) | 441.2% | 80.2% |
(100.5%) | (41.9%) | 4.8% | 6.0% | (3.6%) |
(20.9%) | (11.5%) | 1.4% | 1.9% | (1.9%) |
(6.26) | (5.11) | 0.75 | 0.89 | (0.01) |
22.5% | (781.3%) | (15.7%) | n.m | - |
(103.0%) | (72.4%) | 1.0% | (28.7%) | 29.8% |
1.2x | 0.1x | 0.5x | 0.0x | (0.0x) |
4.8% | 4.7% | 5.9% | 10.0% | 4.7% |
23.0% | 17.0% | 20.0% | 31.4% | 9.0% |
1.27 | 1.91 | 3.10 | 4.52 | 1.12 |
(0.0x) | (0.0x) | 0.3x | 0.3x | (67.2x) |
65% | 60% | 46% | 177% | 5% |
21% | 27% | 30% | 32% | 52% |
2.8x | 3.5x | 2.3x | 5.7x | 0.5x |
0.3x | 0.1x | (0.4x) | (1.5x) | (1.3x) |
25.41 | 39.32 | 50.45 | 43.37 | 22.26 |
Wingara AG Limited 2022 Annual Report
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Wingara AG Ltd. published this content on 27 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2022 04:21:07 UTC.