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Wynnstay help farmers to feed the UK in a more sustainable way

The Group is confident that macro-economic factors, including world population growth and the need for higher levels of national self-sufficiency, should continue to make the UK a strong and growing food producer. In addition, the UK farming sector benefits from a favourable growing climate.

The fragmented nature of the UK’s agricultural supplies market presents growth opportunities, and the Group has demonstrated its ability to increase its market share organically and through complementary acquisitions. Wynnstay has completed over 50 corporate transactions and expanded its supplied product range to more than 25,000 SKU’s, becoming a preferred route-to-market for many of its suppliers.

Market Share (Source Wynnstay)

Feed 

Arable

Merchanting

6th largest UK feed producer 

Bagged feeds and bulk deliveries 

3rd largest UK cereal seed processor 

4th largest UK grass seed processor  

54 depots across Wales, the Midlands, North West and South West England 

Supplying farmers, small holders and rural dwellers

  • Blends - dairy 9% 
  • Cattle 5% 
  • Sheep 5% 
  • Dairy 5% 
  • Poultry 2% 
  • Cereal seed 11%
  • Grass seed 10% 
  • Fertiliser 5%
  • Fertiliser incl. Glasson 12%
  • Silage sheets 16%
  • Animal health products 12%
  • Dairy hygiene 11%
  • Fencing wire 10%
  • Stretch film 9%
  • Livestock equipment 7%
  • Electric fencing 6% 

 

 

 

Financial Performance Highlights for year ending 31 October 2020

REVENUE:

The invoiced value of sales from the Group’s activities, measured at a fair value net of all rebates and excluding value added tax. £431.40m(2019: £490.60m).

EBITDA:

Earnings before interest, tax, depreciation and amortisation, and excluding non-recurring costs, and share-based payment expense. £14.15m (2019: £11.24m)

EARNINGS PER SHARE:

Profit for the year after taxation divided by the weighted average number of shares in issue during the year 27.73p (2019: 30.95p).

 

UNDERLYING PRE-TAX PROFIT:

Underlying pre-tax profit includes the Group’s share of pre-tax profit from joint ventures and associate investments but excludes nonrecurring costs and share-based payment expense. £8.37m (2019: £8.01m).

RETURN ON NET ASSETS:

Underlying pre-tax profit, with intangible amortisation added back, divided by the balance sheet net asset value. 8.6% (2019: 8.5%).

 

NET ASSETS PER SHARE:

The balance sheet net asset value, divided by the weighted average number of shares in issue during the year. £4.92 (2019: £4.79).

 

Under the exceptionally challenging trading circumstances prevalent during the year, the Board are pleased with the financial performance and believes the results highlight the success of the balanced business model, which this year has sheltered the Group from the difficulties experienced in the arable sector.

Paul Roberts
Finance Director
26 January 2021