PGW Raises Guidance

PGG Wrightson Ltd | NZX Announcement 1

4 MAY 2022

PGW Raises Guidance


Operating EBITDA forecast for FY22 to be around $66 million
PGG Wrightson Limited* (PGW) Chairman, Rodger Finlay, announced today that “Following the strong
half year result announced in February, PGW has continued to see solid demand during the third quarter
of the financial year, and this has resulted in a pleasing performance across the majority of our business
units.”
“On the back of this strong financial performance, the Board has determined to lift our Operating
EBITDA** guidance for the full year from $62 million to around $66 million.”
“The impressive trading results year-to-date are a testament to the incredible efforts of our team in what
has been a busy and challenging year to date. Our third quarter trading has exceeded expectations with
Retail, Livestock, and Real Estate all experiencing solid demand.”
“We have seen our Livestock clients in the North Island and Canterbury purchasing more stock due to
good grass cover which has also supported welcome growth in our GO-STOCK grazing programmes.
The wet weather and humid conditions through late summer and autumn has supported robust sales in
crop inputs and animal health categories. Our Real Estate performance has also remained positive with
some large Kiwifruit orchards sold during March.”
“Although there remains a degree of uncertainty regarding future COVID-19 variants and there continues
to be supply chain disruption, the move to the Orange setting and the opening of our border has been
welcomed positively.” 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