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: | Geoffrey Babidge |
| Financial year ended: | June |
| Locations: | New Zealand, Australia |
| Auditor: | EY |
| Bankers: | NAB, BNZ, HSBC, JP Morgan Chase, Lloyds |
Financial statement history
A. Recent trading and performance summary:
| Total revenue |
NPAT | Earnings per share |
|
| fye June | bln | mln | cents |
| 2017 | $0.549 | $91 | 12.7 |
| 2018 | $0.922 | $196 | 27.0 |
| 2019 | $1.301 | $288 | 39.3 |
| 2020 | $1.731 | $386 | 52.7 |
| 2021 | $1.205 | $81 | 10.9 |
B. Recent financial position summary:
| Total assets |
Total Liabilities |
Equity ratio |
|
| fye June | bln | bln | % |
| 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 |
| 2021 | $1.37 | $0.29 | 78.8 |
C. Recent cash flows and positions:
| Cash inflows |
Cash outflows |
Cash and equiv. at year end |
|
| fye June | mln | mln | mln |
| 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 |
| 2021 | $89.4 | $65.4 | $875.2 |
D. Recent key ratio analysis:
| Earnings per share |
Price:Earnings ratio |
NTA/share | Dividend yield |
|
| fye June | cents | annual avg | dollars | annual avg % |
| 2017 | 12.7 | 31.5 | 0.33 | N/A |
| 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 |
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
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/ |