PGW Guidance Upgrade

PGG Wrightson Ltd | NZX Announcement 1







26 JULY 2023
PGW Guidance Upgrade
Full Year FY23 Operating EBITDA forecast to be around $60 million
PGG Wrightson Limited
1
(PGW) Acting Chair, U Kean Seng announced today that “Following the
strong half-year result announced earlier in February this year, PGW has continued to see pleasing
operational performance over the final quarter of the financial year. Based upon this performance
the Board has determined to lift its Operating EBITDA
2
guidance for the full year to 30 June 2023
from $57 million to around $60 million.”
This guidance remains subject to audit and PGW will release its annual results to the market on 15
August 2023.
Mr U said “The impressive operating performance is testament to the incredible efforts of our entire
PGW team and the loyal support of our clients and suppliers in what has been another busy but also
challenging year for the business, with weather events being a major factor particularly in the North
Island for our clients. Our fourth quarter trading has exceeded expectations in most business units
with Retail, Livestock, Wool and Water all experiencing solid demand. The one exception was our
Real Estate business which continues to operate in challenging market conditions.”
“It is pleasing to be able to report a strong finish the financial year and lift our guidance expectations.”
“We will have more to say on PGW Group’s performance and our businesses units when we release
our audited financial results on 15 August.”


For media enquiries contact:
Julian Daly
General Manager Corporate Affairs / Company Secretary
PGG Wrightson Limited
Mobile: +64 27 553 3373
Email: companysecretary@pggwrightson.co.nz
Registered Office:
PGG Wrightson Limited
1 Robin Mann Place, Christchurch Airport
Christchurch 8053, New Zealand
Phone: 0800 10 22 76 / +64 3 477 4520
Website: pggwrightson.co.nz

1
All references to PGG Wrightson Limited refer to the company, its subsidiaries and interests in associates and
jointly controlled entities.
2
Operating EBITDA: Earnings before net interest and finance costs, income tax, depreciation, amortisation, the
results from discontinued operations, impairment and fair value adjustments and non-operating items.
PGW has used non-GAAP profit measures when discussing financial performance in this document. 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).