Incitec Pivot Limited manufactures and distributes industrial explosives, industrial chemicals, and fertilizers in Australia, the United States, Canada, Turkey, and France. The company manufactures and distributes fertilizers, including di/mono-ammonium phosphate, ammonia, granulated ammonium sulphate, urea, and single super phosphate, as well as imports and sells fertilizers. It also manufactures and sells industrial explosives, such as ammonium nitrate and related products and services to the mining, quarrying, and construction industries; and manufactures, imports, and sells industrial chemicals to the agriculture and specialist industries. The company was founded in 1831 and is headquartered in Southbank, Australia.

Incitec Pivot Limited

Dyno Nobel

IPL is a leading supplier to the resources and agricultural sectors. With a team of just over 5800 dedicated employees, we have a strong safety culture that we’re committed to building on. With iconic brands, leading technology solutions and great customers, we operate in the resilient markets of agriculture, mining and quarry and construction. And of course, we are committed to a sustainable and decarbonised world.

An ASX100 company, IPL has two customer facing businesses, Dyno Nobel based in the Americas, Europe, Middle East, Africa (EMEA) and Asia Pacific and Incitec Pivot Fertilisers, a leading integrated manufacturer and distributor of fertilisers across the east coast of Australia. We are an international business with world-scale explosives and fertiliser manufacturing, leading technology solutions, marketing and servicing operations. We are proud to be considered a trusted partner by customers and suppliers.

Our explosives are used to unlock resources ranging from gold, iron ore and copper, to quarry and construction materials. Those resources contribute to new technologies, such as electric vehicles and wind turbines, and critical infrastructure. Our fertiliser products play an important role in enabling sustainable food production to meet the rapidly rising demand for food around the world.

With a rich technology heritage, IPL’s key technology drivers are to improve safety, productivity & efficiency, and sustainability, whilst continuing to invest in the development of new technologies and our service offering.

https://www.dynonobel.com/
https://www.incitecpivotfertilisers.com.au/

Today marks a significant milestone for us at IPL as we warmly welcome Mauro Neves de Moraes as our new CEO & Managing Director, effective 22 January 2024.

Mauro has executive leadership experience in the mining and logistics sectors across multiple geographies. He most recently led BHP Mitsubishi Alliance’s (BMA) Queensland operations and prior to this ran BHP’s Escondida operations in Chile, the world’s largest copper mine.

“Mauro’s Australian and international mining, logistics and commercial experience is strongly aligned to our strategy as a global leader in explosives technology and services for the resources sector, and a leading supplier of fertilisers for Australia’s east coast agricultural sector,” IPL Chairman Greg Robinson said.

Our Interim CEO Paul Victor will resume his role as IPL's Chief Financial Officer upon Mauro’s commencement. Mr Robinson acknowledged Paul’s significant contribution and his focus on safely delivering results aligned with shareholder and stakeholder expectations.

Read more here in our ASX - https://lnkd.in/gxTq-pCt

We’re very pleased to announce that the sale of our Waggaman ammonia facility in the US has been successfully completed. Shareholders will receive up to $1billion in capital returns from the proceeds of the sale, subject to shareholder approval at our upcoming AGM on December 20. 
 
The sale completion also kick starts a 25-year ammonia supply agreement with CF Industries Holdings, ensuring cost-effective supply to our Dyno Nobel Americas business.

A big thanks to our dedicated Waggaman team for all their efforts – we hand over a safely run site thanks to the team’s focus on our number one priority of safety. 
 
To read more see here - https://lnkd.in/gFUuTdSd

The sale of our Waggaman ammonia facility in the US reached a significant milestone today, with the expiration of the US regulatory review period.

This paves the way for the sale to CF Industries Holdings to be completed on December 1, 2023. 

As we announced earlier this week, shareholders will receive up to $1billion in capital returns from the proceeds of the sale. This is in addition to our previously announced $400m buyback. 

The sale will also kick start a 25-year ammonia supply agreement with CF Industries Holdings, ensuring cost-effective supply to our Dyno Nobel Americas business. 

To read more see here - https://lnkd.in/gFUuTdSd

Today we announced our 2023 Full Year Results. 

We delivered second half underlying earnings growth and announced plans for significant capital returns to shareholders.

 “We end the period with significant momentum and start FY24 on the front foot. We are providing shareholders with significant capital returns and a business with a less volatile and stronger earnings profile, led by a focused and talented team,” Interim CEO Paul Victor said. 

We also announced today that Brian Kruger has stepped down as IPL Chairman due to personal reasons. The Board has appointed IPL non-executive director Greg Robinson to succeed Brian. 

For more, please see here. https://lnkd.in/gHDGjQWm

Global food security and sustainability are key issues for the fertiliser industry and this week our CEO Jeanne Johns shared her insights at the International Fertilizer Association (IFA) Annual Conference. 

On a panel looking at the challenges and opportunities for the industry, Jeanne explained the vital role fertilisers will play helping feed the world’s projected 9.7 billion population by 2050.

Congratulations to IFA for another successful event, fostering collaboration among industry leaders and helping make a positive impact on global food security and sustainability. 

#IFAAnnualConference #FoodSecurity #Sustainability

	Sep '13	Sep '14	Sep '15	Sep '16	Sep '17	Sep '18	Sep '19	Sep '20	Sep '21	Sep '22	Sep '23
revenue	3.43B -	3.38B 1.54%	3.68B 9.01%	3.38B 8.25%	3.50B 3.51%	3.89B 11.32%	3.96B 1.73%	3.94B 0.45%	4.35B 10.31%	5.52B 26.98%	5.40B 2.14%
cost of revenue	1.88B -	1.74B 7.69%	1.87B 7.49%	1.77B 5.27%	1.85B 4.66%	2.04B 10.10%	2.32B 13.41%	3.12B 34.57%	3.33B 6.94%	4.03B 21.06%	4.40B 9.13%
gross profit	1.55B -	1.64B 5.96%	1.81B 10.62%	1.61B 11.33%	1.64B 2.25%	1.85B 12.70%	1.64B 11.14%	826.70M 49.74%	1.02B 22.98%	1.49B 46.36%	1.00B 32.68%
selling and marketing expenses	224.20M -	236.60M 5.53%	258.40M 9.21%	231.30M 10.49%	265.10M 14.61%	271.70M 2.49%	283.90M 4.49%	287.60M 1.30%	286.60M 0.35%	313.30M 9.32%	331.70M 5.87%
general and administrative expenses	646.30M -	646.90M 0.09%	696.20M 7.62%	704.10M 1.13%	657.90M 6.56%	720M 9.44%	747.40M 3.81%	750.50M 0.41%	727.40M 3.08%	813.70M 11.86%	923.40M 13.48%
selling general and administrative expenses	877.90M -	886.40M 0.97%	957.60M 8.03%	938.70M 1.97%	925.90M 1.36%	992.90M 7.24%	1.03B 4.01%	509.10M 50.70%	530.20M 4.14%	559.70M 5.56%	618.80M 10.56%
research and development expenses	10.50M -	7.30M 30.48%	9.70M 32.88%	10.20M 5.15%	11.90M 16.67%	12.60M 5.88%	18.20M 44.44%	18.90M 3.85%	20.70M 9.52%	25.70M 24.15%	30.60M 19.07%
other expenses	32.50M -	24.50M 24.62%	36M 46.94%	47.30M 31.39%	77.20M 63.21%	36.10M 53.24%	41.70M 15.51%	-2.40M 105.76%	-500.00K 79.17%	-18.50M 3,600.01%	-2.50M 86.49%
cost and expenses	3.02B -	3.00B 0.73%	3.11B 3.81%	3.20B 2.82%	3.00B 6.14%	3.58B 19.12%	3.66B 2.37%	3.65B 0.44%	3.88B 6.51%	4.64B 19.42%	5.05B 8.97%
operating expenses	1.13B -	1.26B 10.83%	1.24B 1.28%	1.43B 15.02%	1.15B 19.53%	1.54B 33.67%	1.35B 12.31%	530.40M 60.62%	551.40M 3.96%	603.90M 9.52%	651.90M 7.95%
interest expense	89.30M -	95M 6.38%	81.60M 14.11%	50.80M 37.75%	106.20M 109.06%	127.90M 20.43%	143.30M 12.04%	132.50M 7.54%	107.50M 18.87%	101.50M 5.58%	150.20M 47.98%
ebitda	603.60M -	684.90M 13.47%	774.30M 13.05%	605.60M 21.79%	663.50M 9.56%	803.10M 21.04%	553M 31.14%	659.30M 19.22%	842.70M 27.82%	1.19B 41.79%	674.50M 43.55%
operating income	428.50M -	472.40M 10.25%	535.30M 13.31%	367.50M 31.35%	396.10M 7.78%	513M 29.51%	256.90M 49.92%	296.30M 15.34%	465.30M 57.04%	884.10M 90.01%	349.80M 60.43%
depreciation and amortization	175.10M -	212.50M 21.36%	239.00M 12.47%	238.10M 0.38%	267.40M 12.31%	290.10M 8.49%	296.10M 2.07%	363M 22.59%	377.40M 3.97%	310.80M 17.65%	324.70M 4.47%
total other income expenses net	-79.70M -	-160.70M 101.63%	-27.60M 82.83%	-230.90M 736.59%	-3.60M 98.44%	-320.30M 8,797.22%	-97.30M 69.62%	-145.40M 49.43%	-305.10M 109.83%	-18.60M 93.90%	-32.40M 74.19%
income before tax	348.80M -	311.70M 10.64%	507.70M 62.88%	136.60M 73.09%	392.50M 187.34%	192.70M 50.90%	159.60M 17.18%	150.90M 5.45%	160.20M 6.16%	865.50M 440.26%	317.40M 63.33%
income tax expense	18.90M -	63.50M 235.98%	108.80M 71.34%	7.20M 93.38%	70.90M 884.72%	18.10M 74.47%	7.50M 58.56%	27.50M 266.67%	11.10M 59.64%	216.80M 1,853.15%	40.90M 81.13%
net income	372M -	247.10M 33.58%	398.60M 61.31%	128.10M 67.86%	318.70M 148.79%	207.90M 34.77%	152.40M 26.70%	123.40M 19.03%	149.10M 20.83%	1.01B 579.88%	560M 44.76%
weighted average shs out	1.63B -	1.64B 0.94%	1.67B 1.82%	1.69B 0.79%	1.69B 0.01%	1.66B 1.34%	1.61B 3.27%	1.73B 7.72%	1.94B 11.98%	1.94B 0%	1.94B 0%
weighted average shs out dil	1.63B -	1.65B 1.29%	1.68B 1.76%	1.69B 0.79%	1.69B 0.05%	1.67B 1.38%	1.61B 3.25%	1.74B 7.73%	1.95B 11.97%	1.95B 0.00%	1.95B 0.00%
eps	0.23 -	0.15 34.78%	0.24 60%	0.08 68.38%	0.19 150.33%	0.12 36.84%	0.09 21.17%	0.07 24.74%	0.08 7.87%	0.52 577.08%	0.29 44.23%
epsdiluted	0.22 -	0.15 31.82%	0.24 60%	0.08 68.38%	0.19 150.33%	0.12 36.84%	0.09 21.25%	0.07 24.87%	0.08 7.89%	0.52 578.85%	0.29 44.23%

AU:COM:INCITECPIVOT

Incitec Pivot Limited

Last Close

3.01

30/08 06:10

Market Cap

5.55B

Beta: -

Volume Today

4.74M

Avg: -

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