Graincorp Limited Class A · ASX:GNC
Graincorp Limited Class A — Shareholder Meeting (February 2019)
27 slides from Graincorp Limited Class A's shareholder meeting presentation, Feb 20, 2019
Slide 1: Annual General Meeting – FY18
Annual General Meeting – FY18 20 February 2019
Slide 2: Disclaimer
Disclaimer This presentation includes both information that is historical in character and information that consists of forward looking statements. Forward looking statements are not based on historical facts, but are based on current expectations of future results or events. The forward looking sta
Slide 3: Agenda
Agenda 1. Chairman’s Address (Mr Graham Bradley AM) 2. CEO’s Presentation (Mr Mark Palmquist) 3. Business of the Annual General Meeting (Mr Graham Bradley AM) – Resolutions – Shareholder Questions – Poll Voting 4. Meeting Closed (Mr Graham Bradley AM) 3
Slide 4: Chairman’s Address
Chairman’s Address
Slide 5: CEO’s Presentation
CEO’s Presentation Mark Palmquist
Slide 6: Commitment to safety is fundamental
Commitment to safety is fundamental RECORDABLE INJURY FREQUENCY RATE(1) Safety: 38.8 • GrainCorp’s RIFR and LTIFR both increased in FY18, which is an unsatisfactory outcome. 21.6 • GrainCorp is committed to improving its safety performance through numerous initiatives as part of the Group Safety, He
Slide 7: FY18: Malt growth continues; drought impacts Group earnings
FY18: Malt growth continues; drought impacts Group earnings • Malt: Solid demand in craft beer and distilling; high $M FY18 FY17 utilisation. Full second-half contribution from malt plant in Underlying EBITDA(1) 269 390 Pocatello, Idaho. Underlying NPAT(2) 71 142 • Oils: Good performance from Bulk L
Slide 8: Grains initiatives delivering tangible results
Grains initiatives delivering tangible results › Grains is delivering a range of initiatives; increasing ‘through-the-cycle’ +$10-20m p.a. EBITDA by $55-80m p.a. +$10-20m p.a. Expanded +$10-15m p.a. international ECA supply chain footprint: +$15m p.a. integration / Canada improved asset Ukraine New
Slide 9: Outlook
Outlook 9
Slide 10: Grains outlook
Grains outlook Market fundamentals GrainCorp FY19 outlook • Drought has had significant impact on east coast • Year-to-date (YTD) total ECA grain receivals of 2.2mmt(2). Australian (ECA) grain production. • Modest summer crop receivals anticipated with increased • ECA winter crop production(1) estim
Slide 11: Processing outlook
Processing outlook Market fundamentals GrainCorp FY19 outlook • Global barley crop production ~141mmt(1) (FY18: 144mmt). • High capacity utilisation • 5% growth in US craft beer sales volumes in CY2017(2) • Continued strong demand for specialty products • • Malt Distilling demand growing. Continue t
Slide 12: Business of the AGM
Business of the AGM Slides 13 – 25: Procedural Instructions & Voting Mr Graham Bradley AM
Slide 13: Business of the AGM: For Consideration
Business of the AGM For Consideration Item 1: Consideration of Financial Statements and Reports Ordinary Resolutions Item 2: Adoption of the Remuneration Report Item 3: Election of Directors 3.1 Re-election of Mr Donald McGauchie AO 3.2 Re-election of Mr Peter Richards Item 4: Grant of Performance R
Slide 14: Voting Cards & Visitors
Voting Cards & Visitors GrainCorp Limited GrainCorp Limited Annual General Meeting Annual General Meeting 20 February 2019 20 February 2019 Non-Voting Shareholder Admission Card SHAREHOLDER/PROXYHOLDER ADMISSION/VOTING CARD Sample Only Sample Only As a non-voting Shareholder you are reminded that wh
Slide 15: Item 1: Consideration of the Financial Statements and Reports
Item 1: Consideration of the Financial Statements and Reports To receive and consider the Financial Statements and Report of the Directors and Auditor for the year ended 30 September 2018 15
Slide 16: Item 2: Adoption of the Remuneration Report
Item 2: Adoption of the Remuneration Report To consider and, if thought appropriate, pass the following ordinary resolution: “That the Remuneration Report (which forms part of the Directors’ Report) of GrainCorp Limited for the financial year ended 30 September 2018 set out on pages 30 to 42 of the
Slide 17: Proxy & direct votes
Proxy & direct votes Item 2: Adoption of the Remuneration Report PROXY & FOR OPEN AGAINST TOTAL DIRECT VOTES Item 2 133,391,622 333,481 29,540,925 163,266,028 71.3% of issued % vote 81.7% 0.2% 18.1% capital The Chairman of the Meeting will be voting open proxies in favour of the resolution 17
Slide 18: Item 3: Re-election of Directors
Item 3: Re-election of Directors MR DONALD MCGAUCHIE AO MR PETER RICHARDS FAICD BCom NON-EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR 18
Slide 19: Item 3.1: Re-election of Mr Donald McGauchie AO
Item 3.1: Re-election of Mr Donald McGauchie AO 3.1) To consider and, if thought appropriate, pass the following ordinary resolution: “That for the purposes of ASX Listing Rule 14.4, article 11.3(a) of the Constitution and for all other purposes, Mr Donald McGauchie AO, retiring by rotation, being e
Slide 20: Proxy & direct votes
Proxy & direct votes Item 3.1: Election of Mr Donald McGauchie AO PROXY & FOR OPEN AGAINST TOTAL DIRECT VOTES Item 3.1 100,926,092 341,422 60,043,166 161,310,680 70.5% of issued % vote 62.6% 0.2% 37.2% capital The Chairman of the Meeting will be voting open proxies in favour of the resolution 20
Slide 21: Item 3.2: Re-election of Mr Peter Richards
Item 3.2: Re-election of Mr Peter Richards 3.2) To consider and, if thought appropriate, pass the following ordinary resolution: “That for the purposes of ASX Listing Rule 14.4, article 11.3(a) of the Constitution and for all other purposes, Mr Peter Richards, retiring by rotation, being eligible an
Slide 22: Proxy & direct votes
Proxy & direct votes Item 3.2: Re-election of Mr Peter Richards PROXY & FOR OPEN AGAINST TOTAL DIRECT VOTES Item 3.2 98,234,148 343,025 62,749,813 161,326,986 70.5% of issued % vote 60.9% 0.2% 38.9% capital The Chairman of the Meeting will be voting open proxies in favour of the resolution 22
Slide 23: Item 4: Grant of Performance Rights to Managing Director and CEO
Item 4: Grant of Performance Rights to Managing Director and CEO Mr Mark Palmquist To consider and, if thought appropriate, pass the following ordinary resolution: “That approval be given for all purposes for the grant of Performance Rights under the Company’s equity incentive plans to Managing Dire
Slide 24: Proxy & direct votes
Proxy & direct votes Item 4: Grant of Performance Rights to Managing Director and CEO PROXY & FOR OPEN AGAINST TOTAL DIRECT VOTES Item 4 136,192,306 334,075 26,840,250 163,366,631 71.4% of issued % vote 83.4% 0.2% 16.4% capital The Chairman of the Meeting will be voting open proxies in favour of the
Slide 25: Poll Voting
Poll Voting GrainCorp Limited Annual General Meeting 20 February 2019 SHAREHOLDER/PROXYHOLDER ADMISSION/VOTING CARD Sample Only POLL VOTING In a poll, please mark a box below to indicate your voting intention. Resolutions For Against Abstain Adoption of the Remuneration Report Re-election of Mr Dona
Slide 26: Meeting Closed
Meeting Closed i a
Slide 27: Annual General Meeting – FY18
Annual General Meeting – FY18