Overview Key strengths Key risks Major crop protection producer based in Australia with international operations across Asia, North America, and Europe. Reduced diversification and scale post-sale of South American business. Capital management framework which strengthens capital structure and supports creditor interests. Volatile active ingredient pricing, price competition, and global supply chain issues to drive working capital swings. Modest debt levels to withstand earnings volatility and variable weather conditions. Susceptibility to changing weather conditions across multiple operating regions. Tailwinds associated with agricultural commodity prices and focus on food security amidst global geopolitical uncertainty. We expect the momentum of favorable industry conditions, recent investments in North America, and efficiencies from the performance improvement program (PIP) to underpin earnings in fiscal 2022 (ending
