Full Year 2024 Nufarm Ltd Earnings Call Transcript

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Nov 14, 2024

Nov 13, 2024 / 10:00PM GMT
Operator

Thank you for standing by, and welcome to the Nufarm Limited FY â24 Results Call. All participants are in a listen-only mode. There will be a presentation followed by a question-and-answer session. (Operator Instructions) I would now like to hand the conference over to Mr. Greg Hunt, CEO. Please go ahead.

Greg Hunt - Nufarm Technologies USA Pty Ltd - Chief Executive Officer, Managing Director, Non-Executive Independent Director

Thank you, Harmony, and good morning, everyone. Welcome to Nufarm's financial year â24 results presentation. I'll just take a minute to draw your attention to the disclaimer on Slide 2 and in particular, the statement relating to forward-looking statements. Financial year 2024 was a tough one for the crop protection industry.

Despite the challenges, Nufarm continued to make good progress with our innovation and growth strategies. EBITDA was at the midpoint of the revised guidance that we gave on August 15. We had an outstanding result on networking capital with a 30% reduction on the prior year. This had a similar impact on

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