Release Date: November 01, 2024
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Q: Could you break down the EBITDA loss embedded within the Australian operations? A: Vanessa Baughman, Chief Financial Officer, mentioned that the segment reporting needed for the reconciliation of EBITDA losses is included in the 10-K filing. However, she did not provide specific numbers during the call.
Q: What is the maximum liability associated with the Australian business once the VA process is completed? A: Vanessa Baughman explained that the maximum liability is expected to be AUD 15 million, approximately $10 million. This is part of the ongoing discussions with the National Australia Bank (NAB) and is expected to be resolved by November.
Q: How do you view the financial outlook for the Americas, given the lack of cash flows from VBO and the wheat JV? A: Vanessa Baughman stated that they expect continued growth in the Double Team platform and Prussic-free pilot. They are also in discussions with a new lender, so funding is not a concern. More specifics will be provided in mid-November.
Q: Can you provide more details on the expected growth of the Double Team sorghum trait technology? A: Mark Herrmann, Chief Executive Officer, indicated that Double Team is expected to grow to 13% to 15% share of the US sorghum acres next year, driven by positive farmer experiences and operational improvements.
Q: What are the expectations for the Prussic-free sorghum launch? A: Mark Herrmann noted that last year was a pilot, and this year is a full launch of Prussic-free sorghum. They anticipate continued growth in the market.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
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