This is a basic profile of an NZX50 listed company. It is not investment advice. We recommend you contact a qualified adviser if you need more information.
The A2 Milk Company
Directory
| NZX code: | ATM |
| Short name: | A2 Milk |
| Legal name: | The A2 Milk Company Limited |
| Industry sector: | Dairy |
| NZX50 rank: | 10 of 50 |
| Head office address: | Level 10, 51 Shortland Street, Auckland, 1010 |
| Chairman: | David Hearn |
| Chief executive: | David Bortolussi |
| Financial year ended: | June |
| Locations: | New Zealand, Australia |
| Auditor: | EY |
| Bankers: | NAB, BNZ, HSBC, JP Morgan Chase, Lloyds |
A2 Milk
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Financial statement history
A. Recent trading and performance summary:
| Total revenue |
NPAT | Earnings per share |
|
| fye June | bln | mln | cents |
| 2018 | $0.922 | $196 | 27.0 |
| 2019 | $1.301 | $288 | 39.3 |
| 2020 | $1.731 | $386 | 52.7 |
| 2021 | $1.205 | $81 | 10.9 |
| 2022 | $1.444 | $115 | 16.5 |
| 2023 | $1.591 | $145 | 21.2 |
B. Recent financial position summary:
| Total assets |
Total Liabilities |
Equity ratio |
|
| fye June | bln | bln | % |
| 2018 | $0.72 | $0.17 | 76.4 |
| 2019 | $1.01 | $0.22 | 78.2 |
| 2020 | $1.45 | $0.32 | 77.9 |
| 2021 | $1.37 | $0.29 | 78.8 |
| 2022 | $1.72 | $0.52 | 69.8 |
| 2023 | $1.61 | $0.46 | 71.4 |
C. Recent cash flows and positions:
| Cash inflows |
Cash outflows |
Cash and equiv. at year end |
|
| fye June | mln | mln | mln |
| 2018 | $238.4 | $20.9 | $340.5 |
| 2019 | $292.0 | $165.7 | $464.8 |
| 2020 | $427.4 | $41.07 | $854.2 |
| 2021 | $89.4 | $65.4 | $875.2 |
| 2022 | $213.4 | $670.0 | $437.3 |
| 2023 | $289.7 | $13.9 | $352.2 |
D. Recent key ratio analysis:
| Earnings per share |
Price:Earnings ratio |
NTA/share | Dividend yield |
|
| fye June | cents | annual avg | dollars | annual avg % |
| 2018 | 27.0 | 42.4 | 0.75 | N/A |
| 2019 | 39.3 | 37.3 | 1.06 | N/A |
| 2020 | 52.4 | 38.5 | 1.51 | N/A |
| 2021 | 10.9 | 59.1 | 1.44 | N/A |
| 2022 | 16.5 | 29.9 | 1.46 | N/A |
| 2023 | 0.21 | 24.1 | 1.40 | N/A |
Description of trading activities
The a2 Milk Company Limited commercialises intellectual property relating to A1 protein-free milk that is sold under the a2 and a2 MILK brands, as well as the milk and related products like infant formula.
CEO profile
David Bortolussi was appointed CEO of the a2 Milk Company on the 8th of February 2021. Bortolussi holds a Bachelor of Commerce from the University of Melbourne. Prior to joining a2 milk, Bortolussi was Group President of International Innerwear, HanesBrands. Bortolussi was also Chief Financial and Operating Officer of Pacific Brands in 2009, before becoming CEO in 2014. Bortolussi's roles have focused on the consumer and retail sectors of Australasia.
Chairman profile
David Hearn has been a director of the company since 5 February 2014, and Chair since 30 March 2015. Hearn has experience and skills in executive management, sales and marketing, and strategy development in fast-moving consumer goods (FMCG) in international markets. In addition to his company directorship, David is also a director of SafeStore Holdings PLC, Lovat Partners Limited, Robin Partington & Partners Limited, and Committed Capital Limited. In addition to being the Chair of a2 Milk Company, Hearn is also the Chairman of SafeStore Holdings plc and Lorvat Partners Limited.
Links:
| Company website: | https://thea2milkcompany.com/ |
| NZX listing: | https://www.nzx.com/companies/ATM |
| Annual reports: | https://thea2milkcompany.com/results/ |