ATM - The A2 Milk Company profile

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: 3 of 50
Head office address: Level 10, 51 Shortland Street, Auckland, 1010
Chairman: David Hearn
Chief executive: Geoffrey Babidge
Financial year ended: June
Locations: New Zealand, Australia
Auditor: EY
Bankers: NAB, BNZ, HSBC, JP Morgan Chase, Lloyds

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Financial statement history
 

A. Recent trading and performance summary:

  Total
revenue
NPAT Earnings
per share
fye June bln mln cents
2016 $0.353 $30 4.43
2017 $0.549 $91 12.7
2018 $0.922 $196 27.0
2019 $1.301 $288 39.3
2020 $1.731 $386 52.4

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B. Recent financial position summary:

  Total
assets
Total
Liabilities
Equity
ratio
fye June bln bln %
2016 $0.21 $0.08 61.9
2017 $0.34 $0.10 70.6
2018 $0.72 $0.17 76.4
2019 $1.01 $0.22 78.2
2020 $1.45 $0.32 77.9

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C. Recent cash flows and positions:

  Cash
inflows
Cash
outflows
Cash and equiv. 
at year end
fye June mln mln mln
2016 $65.7 $2.1 $69.4
2017 $103.7 $51.1 $121.0
2018 $238.4 $20.9 $340.5
2019 $292.0 $165.7 $464.8
2020 $427.4 $41.07 $854.2

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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.

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CEO profile

Geoffrey was appointed CEO from 9 December 2019. He was previously Managing Director and CEO of the company from July 2010 until July 2018. Geoffrey has previously held senior executive roles with a number of companies in Australia including Freedom Foods Group Limited, Bunge Defiance and National Foods. Prior to these roles he was a practising chartered accountant and partner at Price Waterhouse.


Chairman profile

David has been a director of the company since 5 February 2014, and Chair since 30 March 2015. David 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.


Links:

Company website: https://thea2milkcompany.com/
NZX listing: https://www.nzx.com/companies/ATM
Annual reports: https://thea2milkcompany.com/results/

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