1、A transformative yearThe a2 Milk Company Limited 2018 Annual ReportThe a2 Milk Company,helping people enjoy a better life.ContentsFY18 highlights 2About us 4Our Chair 15Our CEO 16Year in review 18Social and environmental responsibility 28Corporate governance 38Remuneration 58Financial statements 64O
2、ther information 106The a2 Milk Company|1FY18 highlights$923mRevenue 68%$283mEBITDA 101%27cBasic earnings per share 113%infant nutrition brand in Australia at 32%share and 5.1%share in ChinaNo.1brand for Australian millennialsNo.1store distribution coast to coast in USA6kof revenue invested in marke
3、ting,R&D and IP8.5%unique visitors to our websites2.5mvalue share of Australian fresh milk across all key supermarkets9.8%store distribution in China10k2|The a2 Milk CompanyThe a2 Milk Company|32018 Annual ReportIntroductionAbout usWe are passionate about helping people enjoy a better life by provid
4、ing premium branded dairy-based nutritional products that only contain the all natural A2 protein type.The a2 Milk Company|52018 Annual ReportAbout usThe A2 protein difference1 Conventional cows milk contains two main types of beta casein protein,A2 protein and A1 protein our branded milk is differe
5、nt from conventional cows milk because it is A1 protein free.It is comparable to conventional cows milk in other respects Our branded milk is naturally occurring and not a product of genetic engineering or technological processes We work closely with farmers to select and certify cows that naturally
6、 produce A1 protein free milk.These identified cows are segregated into their own herds and milked separately.The milk from these herds is kept separate and isolated throughout the supply chain.Subsequent quality assurance checks are carried out to ensure the supply remains A1 protein free Many cons