Wynnstay Group (WYN) Full Year results presentation - February 2025
Wynnstay Group CEO, Alk Brand and CFO, Rob Thomas present the group's results for the year ended 31 October 2024, followed by Q&A. Alk Brand, CEO00:16 Introduction Rob Thomas, CFO01:19 Business Summary02:36 FY24 highlights Alk Brand, CEO & Rob Thomas, CFO06:10 Feed and Grain10:54 Fertiliser & Seed13:41 Depot merchanting Rob Thomas, CFO17:18 Income statement19:09 Balance sheet20:30 Cash flow statement21:07 Net cash22:03 Capital allocation policy Alk Brand, CEO24:03 Growth strategy26:51 Introducing Project Genesis Rob Thomas, CFO29:45 Driving value Alk Brand, CEO32:06 Initiatives to enhance returns Alk Brand, CEO & Rob Thomas, CFO 35:14 Summary & outlook 37:01 Q&A Wynnstay is a leading UK provider of agricultural supplies and services to farmers, mainly in England and Wales. The Group’s wide range of agricultural inputs includes feed, seeds and fertiliser. It also provides grain marketing services to arable farmers and its specialist teams offer farmers advice on animal health and nutrition products as well as on soil health, environmental measures, and the latest farming techniques. Wynnstay supplies direct-to-farm and via its network of depots, which sell an extensive range of farm supplies, including hardware, feed and dairy hygiene products. The depots also cater for rural dwellers. Wynnstay manufactures a range of branded feeds, trades feed raw materials, operates a modern seed processing facility and is the second largest fertiliser blender in the UK. Based in Wales, Wynnstay originated as a farmers’ co-operative in 1918 and joined AIM in 2004. It has established a strong record of rising dividends.