Arborgen Holdings Limited · NZX:ARB

Arborgen — Shareholder Meeting (September 2019)

14 slides from Arborgen's shareholder meeting presentation, Sep 17, 2019

  1. Slide 1: Annual Shareholders' Meeting - 2019

    17 September 2019 Annual Shareholders’ Meeting - 2019 Annual Shareholders’ Meeting - 2019 David Knott Chairman Page 1

  2. Slide 2: Introduction of Board and management

    17 September 2019 Annual Shareholders’ Meeting - 2019  Introduction of Board and management Paul Smart George Adams Andrew Baum Alex Brown Sharon Ludher-Chandra Greg Mann Annual Shareholders’ Meeting - 2019  Introduction of Board and management Paul Smart George Adams Andrew Baum Alex Brown Sharon

  3. Slide 3: Agenda

    17 September 2019 Agenda  ArborGen Review  Chairman’s Comments  Shareholder Questions  Resolutions  Refreshments Annual Shareholders’ Meeting - 2019 Andrew Baum CEO Page 3

  4. Slide 4: ArborGen Today / ArborGen 2019 Performance

    17 September 2019 ArborGen Today  CEO of AborGen since 2012  We have become the pre-eminent global supplier of seedlings to the forest industry  Leading market shares in the US, Australasia and Brazil  Focused on advanced genetic products that will transform forestry productivity  Rubicon acqui

  5. Slide 5: Seedling Sales

    17 September 2019 Seedling Sales  Global seedling sales in 2019 fiscal year were 352 million  279m in the US  23m in Australasia  50m in Brazil  In the US, 247m of the 279m seedlings sold were loblolly of which a record 37% were advanced genetics (mostly MCP)  This is an increase of nearly 25%

  6. Slide 6: Market Position / Nursery Capacity

    17 September 2019 Market Position  We will continue to leverage our position in the US loblolly market to improve profitability, extending market leadership by:  Operational execution  Validating our position as the leader  Differentiating ourselves from the competition; while  Driving sales an

  7. Slide 7: Current Year Constraints / Key Driver of Growth – Advanced Genetics

    17 September 2019 Current Year Constraints  2018 extreme weather events and MCP seedling losses will result in flat sales in fiscal 2019 and inability to meet growing MCP demand  Prior weather events will adversely affect unit seed costs for the current fiscal year  Although revenue will increase

  8. Slide 8: Key Driver of Growth – Advanced Genetics continued

    17 September 2019 Key Driver of Growth – Advanced Genetics continued MCP supply availability 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 Key Driver of Growth – Advanced Genetics continued  Industrial customers are very aware of the increased value advanced genetics offer a

  9. Slide 9: Other Regions

    17 September 2019 Other Regions  Australasia  We achieved our financial targets in the year ending 31 March 2019  Bullet list  ArborGen is well positioned for substantial growth in NZ and Australia  Text harvesting and the government ‘s “One Billion Trees Programme” have led In NZincreased to

  10. Slide 10: Investment Philosophy

    17 September 2019 Annual Shareholders’ Meeting - 2019 David Knott Chairman Investment Philosophy  Invest where the value proposition is abundantly clear  Jasper nursery in Texas cemented strong foothold in the market and increased seedling capacity by 30m to approx. 400m seedlings in the US  Tayl

  11. Slide 11: MCP Supply / Projected Earnings

    17 September 2019 MCP Supply  Extreme weather conditions have constrained near-term MCP seed supply  Combined with seedling losses this year, MCP sales will be flat this year  Looking ahead, our increase in this year’s MCP seed harvest will increase MCP sales by 10-15% in FY 2021  Beyond this, M

  12. Slide 12: Restructuring / Summary

    17 September 2019 Restructuring  Following the sale of Tenon and 100% acquisition of ArborGen, Rubicon’s sole operating business is now ArborGen  Consistent with our ‘One Company’ approach Rubicon Limited will be renamed ArborGen Holdings Limited – Our NZX ticker will be ‘ARB’ effective at the end

  13. Slide 13: Shareholder Questions

    17 September 2019 Annual Shareholders’ Meeting - 2019 Shareholder Questions Annual Shareholders’ Meeting - 2019 Resolutions Page 13

  14. Slide 14: Resolutions

    17 September 2019 Resolutions Resolution 1 To elect George Adams as a Director Resolution 2 That, subject to the election of Mr Adams as a Director of the Company, to authorise that NZ$150,000 of the NZ$800,000 maximum aggregate remuneration able to be paid to Directors in 2019, shall be payable to

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