The a2 Milk Company (A2M) 2022年年度报告「ASX」.pdf

1、THE a2 MILK COMPANY ANNUAL REPORT 2022We pioneer the future of Dairy for good2022 ANNUAL REPORTTHE a2 MILK COMPANY ANNUAL REPORT 2022THE a2 MILK COMPANY HAS MADE SIGNIFICANT PROGRESS IN IMPLEMENTING ITS REFRESHED GROWTH STRATEGY AND IMPROVINGPERFORMANCE DURING FY22PRODUCT SEGMENT REVENUE*$265mLiquid

2、 milk 10.4%$1,022mInfant nutrition 11.9%$159mOther 202.6%OPERATING SEGMENT REVENUE$726mChina and OtherAsia 24.5%$533mAustralia and New Zealand 4.8%$83mUSA 30.0%$104mMataura Valley MilkGROUP PERFORMANCE*$1,446mRevenue 19.8%$123mNPAT attributable to owners of the Company 52.0%$196mEBITDA 59.0%16.49cEa

3、rnings per share 51.8%$204mOperating cash flow$817m*Net cash*Includes MVM acquired during FY22.*Including term deposits and borrowings,excluding subordinated non-current shareholder loans.CONTENTSChairs letter 2CEOs year in review 4Building a sustainable growth business 14How we create value 16Compa

4、ny overview 18Strategy 22Risks and opportunities 24Goals 32Corporate governance 51Governance 52Directors 56Executive Leadership Team 58Remuneration 60Financial statements 65Other information 11812THE a2 MILK COMPANY ANNUAL REPORT 2022Given the stabilisation and strength of the business,the robustnes

5、s of our balance sheet with net cash of$817 million1 at year end,an improved growth trajectory and more confidence in our outlook,the Board intends to implement an on-market buy-back programme of up to$150 million to effectively utilise excess capital at this time.While we continue to prioritise gro

6、wth initiatives and will ensure we retain balance sheet strength and flexibility,we have determined that a share buy-back programme is an effective way to return capital to investors and reflects the confidence the Board has in the outlook of the business.On behalf of the Board,I would like to expre