Bega Cheese Ltd (ASX:BGA)

Half Year 2025 Bega Cheese Ltd Earnings Call Transcript

Feb 19, 2025 / 12:00 AM GMT

Release Date Price: A$6.11 (+2.35%)

Transcript

Key Points

Positve

Bega Cheese Ltd (ASX:BGA) reported a substantial improvement in first-half normalized EBITDA, with a $33.8 million increase compared to the previous year.
The company successfully implemented strategic plans, leading to strong brand performance and revenue growth, particularly in the bulk business.
Bega Cheese Ltd (ASX:BGA) increased its first-half dividend to $0.06 per share, reflecting improved financial performance.
The company has made significant progress in cost-saving initiatives, offsetting two-thirds of the cost inflation impact.
Bega Cheese Ltd (ASX:BGA) is optimistic about international growth opportunities, particularly in Southeast Asia and the Middle East, with increased on-ground presence and direct sales strategies.

Negative

The pricing environment remains challenging, with less than 1% pricing growth in the first half, impacting revenue growth.
Cost inflation continues to affect the business, particularly in areas like labor, electricity, cocoa, and coffee.
The bulk segment's profitability is still below historical averages, despite recent improvements.
The company faces headwinds in the out-of-home consumption sector, affecting food service growth.
There is uncertainty regarding the impact of potential changes in the global dairy supply and demand dynamics, particularly with China's market behavior.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BGA.AX - Bega Cheese Ltd
Half Year 2025 Bega Cheese Ltd Earnings Call
Feb 20, 2025 / 12:00AM GMT

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Presentation
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Unidentified_1 [1]
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Thank you and thank you everyone for joining us for this half yearly result, conference.

I have to say that I'm very pleased with, how the first half of the year has gone. And while I'll give you some overview, I'll then hand to CEO Pete Kinlane and CFOunter Berger to add, more detail to the, to the, to the report on the first past result. .

I think, and I, and we will tell you for those following along in the presentation that, that's been issued, we'll tell you which page you're on. So I think for me, I might move straight to page 3, which really talks about, the long-term strategy of the company. And what I would probably say personally is that I think when I joined Bega, far too many years ago to mention, there were

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