USD million except ratios and EPS |
FY2017 |
FY2018 |
FY2019 |
FY2020 |
FY2021 |
Revenue |
2,168.9 |
2,403.0 |
3,960.2 |
4,106.8 |
5,647.2 |
EBITDA (1) |
319.2 |
222.5 |
345.5 |
443.0 |
928.7 |
EBIT |
265.0 |
139.6 |
269.2 |
337.3 |
812.2 |
Net profit (2) |
176.2 |
52.1 |
189.5 |
117.9 |
512.7 |
EPS, USD (3) |
2.19 |
0.64 |
2.31 |
1.42 |
6.10 |
Gross margin |
13.1% |
6.7% |
8.4% |
11.2% |
16.0% |
EBITDA margin |
14.7% |
9.3% |
8.7% |
10.8% |
16.4% |
Net margin |
8.1% |
2.2% |
4.7% |
2.9% |
9.1% |
1. EBITDA is calculated as the sum of the profit from operating activities plus amortization and depreciation.
2. Net profit attributable to equity holders of Kernel Holding S.A.
3. EPS is measured in US Dollars per share, based on net profit attributtable to equity holders of Kernel Holding S.A. and 79,683,410 shares in FY2013-2016, 80,338,776 shares in FY2017, 81,941,230 in FY2018-FY2019, 82,983,367 in FY2020 and 84,031,230 in FY2021
USD million excerpt ratios and EPS |
30 June 2017 |
30 June 2018 |
30 June 2019 |
30 June 2020 |
30 June 2021 |
Invested Capital |
|
|
|
|
|
Cash & cash equivalents |
143.4 |
132.0 |
76.8 |
369.1 |
574.0 |
Net trade accounts receivable |
87.2 |
92.4 |
183.2 |
215.3 |
381.1 |
Inventory |
386.7 |
368.5 |
357.6 |
303.4 |
332.0 |
of which: Readily Marketable Inventories (1) |
353.9 |
325.2 |
293.4 |
251.9 |
284.8 |
Biological assets |
256.2 |
289.4 |
309.0 |
252.2 |
376.6 |
Other current assets |
247.2 |
322.0 |
329.8 |
391.0 |
619.9 |
Net property, plant & equipment |
569.7 |
588.1 |
764.7 |
984.4 |
1,065.1 |
Other non-current assets |
318.7 |
418.1 |
442.5 |
649.3 |
647.7 |
Total assets |
2,009.1 |
2,138.2 |
2,463.6 |
3,164.7 |
3,996.6 |
Financed by |
|
|
|
|
|
Short-term liabilities |
293.9 |
475.5 |
479.8 |
412.6 |
783.0 |
Of which: interest-bearing debt |
152.4 |
245.5 |
202.9 |
73.4 |
51.0 |
Long-term liabilities |
557.6 |
557.4 |
637.8 |
1,258.0 |
1,130.9 |
Of which: long-term interest bearing debt |
499.2 |
497.6 |
559.7 |
966.2 |
821.7 |
Total Liabilities |
851.5 |
1,032.9 |
1,117.6 |
1,670.6 |
1,913.9 |
Total Equity |
1,157.6 |
1,177.6 |
1,346.0 |
1,494.1 |
2,082.7 |
1. Readily Marketable Inventories are agricultural inventories readily convertible into cash because of their commodity characteristics, widely available markets and international pricing mechanisms.
USD million except ratios |
30 June 2017 |
30 June 2018 |
30 June 2019 |
30 June 2020 |
30 June 2021 |
Gross debt |
1,145.3 |
754.1 |
770.3 |
1,349.6 |
1,409.6 |
Cash |
143.4 |
132.0 |
76.8 |
369.1 |
574.0 |
Net debt |
1,001.9 |
622.1 |
693.5 |
980.5 |
835.6 |
Readily marketable inventories |
353.9 |
325.2 |
293.4 |
251.9 |
284.8 |
Adjusted net financial debt (1) |
647.9 |
296.9 |
400.1 |
728.5 |
550.7 |
Total equity attributable to shareholders |
1,153.0 |
1,170.7 |
1,350.9 |
1,492.7 |
1,946.1 |
Net debt/EBITDA |
3.1x |
2.8x |
2.0x |
2.2x |
0.9x |
Adjusted net debt/EBITDA |
2.0x |
1.3x |
1.2x |
1.6x |
0.6x |
Interest cover (EBITDA/Interest) |
5.1x |
3.4x |
4.2x |
3.0x |
6.6x |
1. Adjusted net financial debt is the sum of short-term interest-bearing debt, current maturities of longterm interest-bearing and long-term interest-bearing debt, less cash and cash equivalents, marketable securities and readily marketable inventories