Annual Report
Transformation Sustained
Annual Report
Transformation Sustained
Annual Report
Transformation Sustained
Annual Report
Transformation Sustained
Annual Report
Transformation Sustained
Annual Report
Transformation Sustained
Year in Key Themes
In 2020, LDC rose to the unprecedented challenges presented by Covid-19 while continuing to drive forward strategic plans. Our strong financial, risk management and industrial profile allowed us to keep essential supply chains moving and pursue LDC’s transformative strategy, embracing innovation and forging strategic partnerships to help shape a safe and sustainable future.
“Our performance and progress, and our agreement to welcome ADQ as shareholders, put the Group in a strong position for the future, as we open a new chapter in LDC’s 170-year history.”
“LDC’s reach, expertise and adaptability proved more important than ever, enabling us to keep essential supply chains active in a challenging context, while delivering strong results and pursuing our transformational plans.”
2020 Milestones
Jan
2020
Feb
2020
Mar
2020
Apr
2020
May
2020
Jun
2020
Jul
2020
Aug
2020
Sep
2020
Oct
2020
Nov
2020
Strategic partnership to build a food industrial park
Memorandum of Understanding for the construction of a food industrial park in the port of Nansha, China
New facility supporting sustainable business expansion in EMEA, with provisions for enhanced climate corporate governance approach
Research partnership for aquatic feed optimization
Partnership to develop optimal aquatic feed formulations for the commercial rearing of Barramundi fish
Covantis S.A. legal entity set up in Geneva, Switzerland
Blockchain initiative to modernize agri-commodities trade operations established as a legal entity
Partnership for industrial safety and efficiency in China
Leveraging cutting-edge technologies for safety and efficiency, working with Ping An Group
Restructure of joint venture with Namoi Cotton
Agreement to give LDC greater control of our cotton joint venture in Australia
Corporate venture capital program launch
‘LDC Innovations’ launched to invest in early-stage companies transforming the food and agriculture industries
Agreement to build new oilseeds facility in China
Agreement with River & Ocean Cereals and Oils Jiangsu to build and operate a new oilseeds crushing facility in Zhangjiagang
New eco-efficient juice fleet operational
Delivery of two new vessels for more efficient and sustainable transportation of citrus juices and by-products
LDC helps to co-found the Sea Cargo Charter
LDC becomes a founding signatory of this pioneering, multi-stakeholder initiative to shape a more sustainable shipping industry
High-end branded cooking oils launched in China
New B2C Mastergold cooking oils launched at China International Import Expo 2020
LDC enters into strategic partnership with ADQ
Agreement signed to bring ADQ into our shareholder group as long-term partners and investors
S&P Global Ratings assigns LDC’s first-ever public investment grade credit rating
Financial Highlights
Net Sales
US$33.6
billion
stable versus 2019
EBITDA
from Continuing Operations
US$1,324
million
↑ 58.4% versus 2019
Income Before Tax –
Continuing Operations
US$620
million
↑ 110.2% versus 2019
Adjusted
Leverage Ratio
1.8x
↓ from 3.1x in 2019
Recommended Areas
Business Lines
Regions
