Half Year 2019 Elders Ltd Earnings Call Transcript
Thank you for standing by, and welcome to the Elders Half Year Results 2019 Investor Teleconference. (Operator Instructions) I would now like to hand the conference over to Mr. Mark Allison, Managing Director and CEO. Please go ahead.
Thank you very much, and welcome to everyone for the Elders FY '19 half year results. I'm joined here by Richard Davey -- with Richard Davey, our CFO.
So just as an introduction, we're halfway through the second Eight Point Plan that we put in place in the beginning of FY '18, and our commitment was for 5% to 10% growth at about 20% return on capital through the cycles. So this equates to an EBIT range of between $82 million and $94 million by the end of FY 2020. We also indicated that this would be achieved through a mix of organic growth, so 50% organic growth and 50% bolt-on acquisitions. And during this period, we considered a larger corporate activity as it evolved, but against a very strict and high levels of financial discipline that we've
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