PGG Wrightson Trading Update

PGG Wrightson Ltd | NZX Announcement 1

21 JULY 2020
PGG Wrightson Trading Update

PGG Wrightson Limited* (PGW) announced today that it expected to report an Operating EBITDA**
result for the full year to 30 June 2020 in the $23 to $24 million range (excluding the application of the
new accounting lease standard, NZ IFRS 16).
PGW Chairman, Rodger Finlay said that “Whilst our results remain subject to completion and audit, this
is a pleasing financial result in what has been an extraordinary year. To record a trading performance
similar to last year in these circumstances demonstrates remarkable resilience given the very
challenging operating conditions we have seen over the second half of the year including a global
pandemic.”
“The business has responded to these challenges and has performed well through our dedicated staff
who have risen to the challenges and supported our customers and the sector through the lock-down
and the various alert levels we have seen over recent months.”
“We expect to release our audited financial results and any dividend announcement for the year on 18
August and will be in a position to comment in more detail about our trading performance at that time.”

All media enquiries to:

Julian Daly
General Manager Corporate Affairs
PGG Wrightson Limited

*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