PGW’s FY22 Operating EBITDA forecast to better last year

PGG Wrightson Ltd | NZX Announcement 1

6 DECEMBER 2021

Guidance Update


PGW’s FY22 Operating EBITDA forecast to better last year’s excellent result

PGG Wrightson Limited* (PGW) Chairman, Rodger Finlay, announced today that “Following excellent
spring trading over the first half of the financial year PGW was raising its full year guidance to around
$58 million at an Operating EBITDA** level.”

“The Board is delighted with how the business is performing and continues to be impressed by the
excellent response of our people as they demonstrate amazing resilience in responding to the ever-
changing COVID-19 operating protocols. Our staff continue to rise to the challenge and deliver upon
the needs of our customers and this is reflected in how the business is performing.”
“It is a credit to our exceptional team at PGW to be able to upgrade our guidance to a level that betters
last year’s impressive performance of $56 million (Operating EBITDA)”, Mr Finlay said.

Ends
All media enquiries to:
Julian Daly
General Manager Corporate Affairs
PGG Wrightson Limited
Mobile: +64 27 553 3373

*All references to PGG Wrightson Limited or the Group refer to the Company, its subsidiaries and interests in associates and
jointly controlled entities.
**Operating EBITDA: Earnings before net interest and finance costs, income tax, depreciation, amortisation, the results from
discontinued operations, fair value adjustments and non-operating items. PGW has used non-GAAP profit measures when
discussing financial performance in this document. Please refer to our full accounts for details of how Operating EBITDA relates
to GAAP. For a comprehensive discussion on the use of non-GAAP profit measures, please refer to the policy “Non-GAAP
Accounting Information” available on our website www.pggwrightson.co.nz