News: UMG United Malt Group Outlines Strategy For Resilient Global Malt Business

Aug 3 (Reuters) - United Malt Group Ltd (UMG) :

• OUTLINES STRATEGY FOR RESILIENT GLOBAL MALT BUSINESS
• PLANS TO DELIVER A SIGNIFICANT UPLIFT IN PERFORMANCE COMMENCING IN 2023 FINANCIAL YEAR
• FORWARD YEARS CAPEX EXPECTED TO BE IN RANGE OF A$55-60 MILLION
• SEES DELIVERING AN EXPECTED EARNINGS UPLIFT IN FY23 WITH UNDERLYING EBITDA OF A$140- 160 MILLION
• FOCUS ON CAPITAL, COST AND CASH DISCIPLINE TO DELIVER MEANINGFUL EARNINGS UPLIFT OVER MEDIUM TERM
• STRATEGIC RESET OF COMMERCIAL TERMS AND STREAMLINING UNITED MALT'S LEGACY GEOGRAPHIC OPERATING STRUCTURE