Allied Farmers Limited · NZX:ALF
Allied Farmers — Shareholder Meeting (November 2014)
21 slides from Allied Farmers's shareholder meeting presentation, Nov 25, 2014
Slide 1: Allied Farmers Limited Annual General Meeting
Allied Farmers Limited Annual General Meeting Tuesday, 25 November 2014
Slide 2: Welcome & Introduction
la NS Welcome & Introduction ~
Slide 3: Annual Financial Statements
Annual Financial Statements
Slide 4: Allied Farmers Limited Income and Expenses
Allied Farmers Limited 2014 2013 $m $m Income 16 27 Expenses 15 27 Impairments - 3 Net Profit 1 (3)
Slide 5: Continuing Divisions Results
Allied Farmers Limited CONTINUING DIVISIONS 2014 2013 $m $m LIVESTOCK Revenue 14.9 12.8 Pre-Tax Profit 1.5 0.7 INVESTMENTS Revenue 0.4 14.0 Impairments - 3.4 Profit (Loss) 0.3 (3.7) CORPORATE Income 0.8 0.3 Costs 1.1 0.9 Interest 0.3 0.8 Profit (Loss) (0.7) (1.3)
Slide 6: Group Balance Sheet
Allied Farmers Limited GROUP BALANCE SHEET 2014 2013 $m $m ASSETS Receivables 5 5 Loans and Advances - 1 Properties - - Fixed Assets 4 4 Other Assets 3 2 12 12 LIABILITIES & EQUITY Crown Asset Management Ltd 3 5 Other incl. Creditors 13 12 Equity & Capital Notes -4* -5* 12 12 * Does not include asse
Slide 7: Events Subsequent to Balance Date
Events Subsequent to balance date $m Selldown of NZ Farmers Livestock 1.0 Bond Issue 1.0 CAML Debt fully repaid Progress Allied secured debt 2010 Now $62m $2m (plus NZFL secured debt $3.6m) Largely due to realizing assets Major asset left NZ Farmers Livestock Look to raise equity before selling furt
Slide 8: Allied Farmers Rural - CEO Steve Morrison
Allied Farmers ‐ Rural CEO ‐ Steve Morrison
Slide 9: Allied Farmers Rural Ltd
Allied Farmers Rural Ltd Working with Farmers for Farmers
Slide 10: Livestock Agency, Farmers Meat Export, Associated Auctioneers JV
• Livestock Agency • Farmers Meat Export Ltd • Associated Auctioneers JV interests
Slide 11: Experienced team
• Experienced team ‐ Bill Sweeney ‐ Joanne Richards ‐ Brian Train ‐ Regional and office teams
Slide 12: The platform is in place
• The platform is in place • 2013/14 EBT 240% of 2012/13 • 125% of 2013/14 EBT budget • Further step up in 2014/15 budget • Sound banking arrangements • Financially robust
Slide 13: Building equity, teams and networks
• Building equity • Building teams • Building networks • Robust grazing arrangements • Developing MyLivestock • Ongoing bobby calf tally growth
Slide 14: OSH and safety at yards
e OSH and safety at yards v yLiveStock.co.nz
Slide 15: The Future
The Future ‐ New challenges ‐ More of the same ‐ delivery ‐ MyLivestock leadership ‐ Sensible acquisitions/JVs ‐ A platform and support for wider Allied Farmers progress Working with Farmers for Farmers
Slide 16: Thank you
Thank you
Slide 17: Questions
Questions
Slide 18: Business Resolutions
la Business Resolutions
Slide 19: Resolution 1. Re-election of Jeff Keenan
Resolution 1. Re‐election of Jeff Keenan (retiring by rotation)
Slide 20: Resolution 2. Remuneration of Auditors
Resolution 2. Remuneration of Auditors
Slide 21: General Business
General Business