Elders Limited · ASX:ELD
Elders — Shareholder Meeting (December 2011)
15 slides from Elders's shareholder meeting presentation, Dec 20, 2011
Slide 1: 2011 AGM - CEO's Presentation
For personal use only 20 December 2011 2011 AGM - CEO’s Presentation Attached is a copy of the Chief Executive Officer’s presentation to the 2011 Elders Limited Annual General Meeting being held in Adelaide today. Peter Hastings Company Secretary (08) 8425 4964 1
Slide 2: Chief Executive's Presentation
For personal use only Chief Executive’s Presentation Malcolm Jackman Chief Executive
Slide 3: Elders operations
Elders operations Elders is now focussed around two businesses For personal use only Network Trading • Australia’s largest auto components supplier • 230 Rural Services • Feedlots, live export, wool • Seats, interior systems and branches in Australia and trading, abattoir and China manufactured solu
Slide 4: Network: turnaround in sales and margin
Network Turnaround in sales and margin but further improvement required and targeted For personal use only ■ Improved performance in sales, margin generation and costs ■ All areas recorded improvement except lifestyle/residential real estate ■ Maintained market share ■ Further improvement required,
Slide 5: Trading: FY11 impacted by external events, FY12 positive
Trading Gross Margin $ million FY11 impacted by external events, FY12 looking positive for long haul live export 37 For personal use only 28 ■ External factors drove lower results in FY11: – live export impacted by market access and disruption – feedlots impacted by weather and high AUD/USD ■ Live E
Slide 6: Futuris Automotive
Futuris Automotive Australia’s largest automotive components supplier with a growing Asia-Pacific footprint For personal use only ■ Steady but solid sales and financial performance in FY11 given industry and economic conditions – sales growth provided by joint ventures consolidated at September 2010
Slide 7: Futuris automotive contract outlook
Futuris automotive contract outlook New business won in FY10 and FY11 has diversified revenue base outside Australia and provided for significant ramp-up in sales from mid-FY12 onwards For personal use only CY 2011 CY 2012 CY 2013 CY2014 USA Fisker Nina seating Tesla Model S seating GreenTech seatin
Slide 8: Futuris non-automotive contract outlook
Futuris non-automotive contract outlook New business won in Australia through selective diversification strategy provides incremental revenue and growth opportunities from FY12 onwards For personal use only CY 2011 CY 2012 CY 2013 CY2014 Australia Woven Image acoustic tiles manufacturing MicroHeat e
Slide 9: Business cornerstones
Business cornerstones For personal use only Generating improved Procuring and returns for our clients and moving the right shareholders by being High Supply product at the right the best at understanding performance chain time most efficiently and serving client needs sales excellence Developing and
Slide 10: Building a High Performance Sales Organisation
Building a High Performance Sales Organisation FY11 saw an intensive effort to upgrade sales capability, focus and accountability that is delivering results For personal use only ■ Sales capability 2,188 individual structured 2/3 day sessions delivered 6000 days of training Generating improved ■ S
Slide 11: Project Connect
Project Connect Introducing a new enterprise system and standardised processes across the business to deliver leading practice for sales, capital For personal use only management and supply chain capabilities ■ Project Connect began in 2011 and is the first significant renewal of technology Developi
Slide 12: Supply Chain Excellence
Supply Chain Excellence Continuing the 5 year transformation through end-to-end integration For personal use only ■ FY10 moved to Distribution Centre structure, company-wide procurement and introduction of new Sales and Operations Planning process – focused on developing business disciplines at the
Slide 13: Superior Capital Management
Superior Capital Management Changing to a capital-light structure appropriate for a seasonal business For personal use only ■ FY11 achieved 21% reduction in net debt, although gearing up on lower shareholders’ equity ■ Secured new financing facility with increased cash lines and greater flexibility
Slide 14: Forestry divestment strategy
Forestry divestment strategy Escalation of Staged Capital Release to total withdrawal from sector For personal use only ■ Announced Staged Capital Release program in May targeting selected assets. Escalated to staged total divestment at October ■ Assets held for sale $181m, and provisions made for o
Slide 15: FY12 Priorities
FY12 Priorities Maintain positive underlying momentum to drive further progress on debt, sales and profit For personal use only ■ Successful execution of Forestry Divestment Program ■ Achieve further reduction in debt and working capital requirements ■ Maintain positive turnaround in Network operati