The a2 Milk Company (A2M) 2019年年度报告「ASX」.pdf

1、2019 Annual ReportStepping it up.The a2 Milk Company Limited 2019 Annual Report The a2 Milk Company LimitedARBN:158 331 965FY19 highlights 2Our Chair 5CEOs year in review 7Regional and product financial summary 14Building a sustainable future 17Corporate governance 37Our directors 38Our executive le

2、adership team 40Governance 41Remuneration 45Financial statements 51Other information 97CONTENTSStepping it up 1$1.3bnRevenue 41%$414mEBITDA 46%39cBasic earnings per share 45%FY19 highlightsinfant nutrition value share in China and market leading brand in Australia6.4%premium milk brand in Australia

3、at 11.2%value shareNo.1increase in US revenue coupled with 118%increase in store distribution;ranging reaching 13k stores as at year end161%of 2nd half revenue invested in marketing;over$135m(10.4%)invested in FY1913%increase in store distribution in China;ranging in approximately 16k stores at year

4、 end64%2 The a2 Milk Company 2019 Annual ReportStepping it up 3 Our ChairEmerging beta casein science,IP development and licensing model approachGlobal branded dairy nutrition leaders making a difference to peoples lives through further market expansion,innovation and smart partnershipsIP CreatorsSt

5、ep-changing investment to deliver broader leadershipRevenue NZ$FY07$7.6mFY19$1.3bn00-07Shift from dairy focus to broader nutritional product portfolio with the emergence of significant infant formula business and broader global market footprintMulti-product geographic diversityFY17$550m12-1718-19Shi

6、ft from licensing to branded operating business model with regional business structure and Australia focusBranded domestic fresh milk focusFY12$62.5m07-12Dear Shareholder,I am delighted to present to you another year of outstanding achievement by your company,a year characterised by using our financ