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Synlait Milk
Directory
| NZX code: | SML |
| Short name: | Synlait Milk |
| Legal name: | Synlait Milk Limited |
| Industry sector: | Milk Production |
| NZX50 rank: | 48 of 50 |
| Head office address: | 1028 Heslerton Road, Rd 13, Rakaia, 7783 |
| Chairman: | Graeme Milne |
| Chief executive: | John Penno |
| Financial year ended: | July |
| Locations: | New Zealand |
| Auditor: | Deloitte |
| Bankers: | [Not Disclosed] |
Synlait Milk
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Financial statement history
A. Recent trading and performance summary:
| Total revenue |
NPAT | Earnings per share |
|
| fye July | mln | mln | cents |
| 2017 | $759 | $39.5 | 22.1 |
| 2018 | $879 | $74.6 | 41.6 |
| 2019 | $1024 | $81.2 | 45.9 |
| 2020 | $1302 | $74.3 | 42.0 |
| 2021 | $1367 | ($28.5) | (13.8) |
B. Recent financial position summary:
| Total assets |
Total Liabilities |
Equity ratio |
|
| fye July | bln | bln | % |
| 2017 | $0.754 | $0.361 | 52.1 |
| 2018 | $0.794 | $0.369 | 53.5 |
| 2019 | $1.150 | $0.658 | 42.8 |
| 2020 | $1.492 | $0.886 | 40.6 |
| 2021 | $1.618 | $0.851 | 47.4 |
C. Recent cash flows and positions:
| Cash inflows |
Cash outflows |
Cash and equiv. at year end |
|
| fye July | mln | mln | mln |
| 2017 | $131.9 | $60.2 | $73.8 |
| 2018 | $98.4 | $140.1 | $32.1 |
| 2019 | $321.1 | $337.4 | $16.0 |
| 2020 | $214.9 | $225.0 | $5.9 |
| 2021 | $146.9 | $136.8 | $16.0 |
D. Recent key ratio analysis:
| Earnings per share |
Price:Earnings ratio |
NTA/share | Dividend yield |
|
| fye July | cents | annual avg | dollars | annual avg % |
| 2017 | 22.1 | 20.1 | 2.15 | N/A |
| 2018 | 41.6 | 26.2 | 2.29 | N/A |
| 2019 | 45.9 | 21.9 | 2.61 | N/A |
| 2020 | 42.0 | 16.4 | 2.76 | N/A |
| 2021 | (13.8) | (27.0) | 3.10 | N/A |
Description of trading activities
Synlait Milk manufactures and sells milk powder and other milk products. These products include infant formula and base pediatric powders for blending into finished infant formula.
CEO profile
John Penno was appointed CEO of Synlait Milk in September of 2021. He has a degree in Agricultural Science and began his career in the dairy industry as a consulting officer for the New Zealand Dairy Board. He then completed a PhD in animal science. John co-founded the Synlait group in 2000. He also chairs the Pure Food Co. Limited and is a director of Okuora Holdings Limited, Thorndale Dairies Limited and Leaft Foods Limited.
Chairman profile
Graeme Milne joined Synlait in 2006 as a director. He is the Chairman of both Synlait Milk Limited and Synlait Milk Finance Limited. Currently, he is also Chair of Terracare Fertilisers Ltd, PF Olsen Limited and PF Olsen Group Limited.
Links:
| Company website: | https://www.synlait.com/ |
| Investor information: | https://www.synlait.com/investors/ |
| NZX listing: | https://www.nzx.com/companies/SML |
| Annual reports: | https://www.synlait.com/investors/ |