Graincorp Ltd (ASX:GNC)

A$ 7.81 0.01 (0.13%) Market Cap: 1.73 Bil Enterprise Value: 2.08 Bil PE Ratio: 28.36 PB Ratio: 1.15 GF Score: 78/100

Graincorp Ltd Separation of GrainCorp Portfolio Call Transcript

Apr 03, 2019 / 11:45PM GMT

Release Date Price: A$5.99 (-0.21%)

Transcript

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the GrainCorp Update Conference Call. (Operator Instructions) I must advise you, this is being recorded today, Thursday, the 4th of April 2019.

I would now like to hand the conference over to your first speaker today, Mr. Mark Palmquist, Managing Director and CEO for GrainCorp. Thank you. Please go ahead.

Mark L. Palmquist

GrainCorp Limited - CEO

Thanks, Vincent. Good morning, everyone. I appreciate you joining the phone call. With me is Alistair Bell, our CFO, as well. And for our agenda this morning is just walk you through a little bit in terms of the announcements we had out here, why we're doing it, maybe just to highlight on Malt group. I'm going to have Alistair highlight on what we would call New GrainCorp at this point going forward on the demerger and maybe a little bit on the capital structure.

So the highlights that we have in front of us is we did announce demerging Malt from GrainCorp that we intend to complete in calendar year 2019. Logic behind doing a demerger

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