Duxton Farms Limited · ASX:DBF
Duxton Farms — Shareholder Meeting (November 2022)
19 slides from Duxton Farms's shareholder meeting presentation, Nov 18, 2022
Slide 1: Duxton Farms FY2022 Annual General Meeting Presentation
For personal use only Duxton Farms FY2022 Annual General Meeting Presentation DUXTON FARMS LTD | NOVEMBER 2022
Slide 2: Disclaimer
Disclaimer For personal use only This presentation was prepared by Duxton Capital (Australia) Pty Ltd [ACN: 164 225 647; AFSL no. 450218] (“DC Australia”) as Investment Manager on behalf of Duxton Farms Limited [ACN 129 249 243] (“Duxton Farms” or “DBF”). The content of this presentation is intended
Slide 3: Contents
Contents For personal use only SLIDE 4 THE TEAM SLIDE 5 THE AGENDA SLIDE 6 CHAIRMAN’S ADDRESS SLIDE 9 OPERATIONAL UPDATE SLIDE 10 OUTLOOK AND STRATEGY SLIDE 11 RESOLUTIONS SLIDE 18 Q&A
Slide 4: The Duxton Farms Team
Duxton Farms FY2022 Annual General Meeting The Duxton Farms Team For personal use only A HIGHLY EXPERIENCED TEAM WITH A BROAD RANGE OF SKILLS IN AGRIBU SINESS, MIXED FARMING AND INVESTMENT MANAGEMENT Duxton Farms Board ED PETER STEPHEN DUERDEN WADE DABINETT AMANDA RISCHBIETH KATELYN ADAMS MARK HARVE
Slide 5: Today's Agenda
Today’s Agenda For personal use only Items of Business • For Consideration: The Financial Reports of the Directors and Auditors • Resolution One: Adoption of the Remuneration Report • Resolution Two: Re-election of Director Stephen Duerden • Resolution Three: Re-election of Director Mark Harvey • Re
Slide 6: Chairman's Address: Portfolio Overview
Duxton Farms FY2022 Annual General Meeting Chairman’s Address For personal use only PORTFOLIO OVERVIEW • Duxton Farms seeks to provide investors with direct exposure to the Australian agricultural sector via a portfolio of mixed farming properties. • Duxton Farms is the only ASX-listed integrated fa
Slide 7: Chairman's Address: The 2021/22 Season
Duxton Farms FY2022 Annual General Meeting Chairman’s Address For personal use only THE 2021/22 SEASON Duxton Farms Historical Production and Yield • Duxton Farms experienced challenging growing conditions, with double the 45,000 4.5 amount of rainfall expected in a regular season. 40,000 4.0 • The
Slide 8: Chairman's Address: FY2022 Financial Performance
Duxton Farms FY2022 Annual General Meeting Chairman’s Address For personal use only FY2022 FINANCIAL PERFORMANCE Duxton Farms Historic Cumulative Value Creation • Duxton Farms generated $16.6 million in revenue compared to $17.8 million in the 80 $2.85 previous year. Fair Value NAVPS $2.69 • Bottom
Slide 9: Operational Update
Duxton Farms FY2022 Annual General Meeting Operational Update For personal use only REPORT FROM OPERATIONS TEAM • Major flooding has occurred in the Lachlan Valley, all staff and livestock are currently safe and accounted for which the priority at this stage. • The winter crop harvestable area is do
Slide 10: Chairman's Address: Outlook and Strategy
Duxton Farms FY2022 Annual General Meeting Chairman’s Address For personal use only OUTLOOK AND STRATEGY • Severe flooding in New South Wales and Victoria means Duxton Farms will have another challenging year. • The Company has been able to plant about 2,000 hectares of wheat, 1,200 hectares of barl
Slide 11: Today's Agenda
Today’s Agenda For personal use only Items of Business • For Consideration: The Financial Reports of the Directors and Auditors • Resolution One: Adoption of the Remuneration Report • Resolution Two: Re-election of Director Stephen Duerden • Resolution Three: Re-election of Director Mark Harvey • Re
Slide 12: For Consideration: The Financial Reports of the Directors and Auditors
Duxton Farms FY2022 Annual General Meeting Items of Business For personal use only FOR CONSIDERATION: THE FINANCIAL REPORTS OF THE DIRECTORS AND AU DITORS The Company’s Annual Report for the period ended 30 June 2022 was released on the 31st of August 2022, and sent to those shareholders who request
Slide 13: Resolution One: Adoption of the Remuneration Report
Duxton Farms FY2022 Annual General Meeting Items of Business For personal use only RESOLUTION ONE: ADOPTION OF THE REMUNERATION REPORT To consider, and if thought fit to pass, the following resolution as a non-binding ordinary resolution: “To adopt the Remuneration Report as contained in the Company
Slide 14: Resolution Two: Re-election of Director Stephen Duerden
Duxton Farms FY2022 Annual General Meeting Items of Business For personal use only RESOLUTION TWO: RE-ELECTION OF DIRECTOR STEPHEN DUERDEN To consider, and if thought fit to pass, the following resolution as an ordinary resolution: “Pursuant to Article 49 of the Company’s Constitution and Listing Ru
Slide 15: Resolution Three: Re-election of Director Mark Harvey
Duxton Farms FY2022 Annual General Meeting Items of Business For personal use only RESOLUTION THREE: RE-ELECTION OF DIRECTOR MARK HARVEY To consider, and if thought fit to pass, the following resolution as an ordinary resolution: “Pursuant to Article 49 of the Company’s Constitution and Listing Rule
Slide 16: Resolution Four: Appointment of Auditor
Duxton Farms FY2022 Annual General Meeting Items of Business For personal use only RESOLUTION FOUR: APPOINTMENT OF AUDITOR To consider, and if thought fit to pass, the following resolution as an ordinary resolution: “That, for the purposes of section 327B of the Corporations Act 2001 (Cth) and for a
Slide 17: Resolution Five: Approval of Issue of Equity Securities under Listing Rule 7.1A
Duxton Farms FY2022 Annual General Meeting Items of Business For personal use only RESOLUTION FIVE: APPROVAL OF ISSUE OF EQUITY SECURITIES FOR THE PURPOSE OF ASX LISTING RULE 7.1A To consider, and if thought fit to pass, the following resolution as an ordinary resolution: "That, for the purposes of
Slide 18: Thank You / Q&As
For personal use only THANK YOU Q&As DUXTON FARMS LTD | NOVEMBER 2022
Slide 19: Duxton Capital contact details
For personal use only Duxton Capital (Australia) Pty Ltd 7 Pomona Road, Stirling SA 5152 +61 8 8130 9500 enquiries@duxtonam.com Sam Venning (Business Development) sam.venning@duxtonam.com Melissa Randall (Business Development) melissa.randall@randallandassociates.com.au Will Brennan (Portfolio Manag