Sanford Limited · NZX:SAN
Sanford — Shareholder Meeting (December 2019)
18 slides from Sanford's shareholder meeting presentation, December 2019
Slide 1: Annual General Meeting Chairman's Address
SANFORD ) : ANNUAL GENERAL , Bee 3 MEETING 4 : CHAIRMAN’S ADDRESS DECEMBER 2019
Slide 2: Integrated report and forward-looking statements
Sanford’s 2019 integrated report is available at https://www.sanford.co.nz/investors/reports-1/company- reports/ The report outlines Sanford's Business Excellence Framework – this enables each part of the business to map out its role in helping to deliver on our goals We strive to inform in a
Slide 3: Review of the 2019 Financial Year
REVIEW OF THE 2019 FINANCIAL YEAR CATCH/HARVEST VOLUME REVENUE (Like for like¹) ADJUSTED EBIT² GROUP BORROWING 113k GWT $558M $64.8M $139M FROM -4% +8% Flat $155M IN 2018 ADJUSTED EBITDA² NPAT EPS ANNUAL DIVIDEND $85.7M $41.7M** 45C 23CPS 2% -1% Flat Stable ¹Like for like views revenue (and gross pr
Slide 4: Wildcatch, Mussels and Salmon
WILDCATCH, MUSSELS AND SALMON • WILDCATCH BUSINESS PROFIT CONTRIBUTION DOWN 3% VERSUS PREVIOUS YEAR • MUSSELS PROFIT CONTRIBUTION UP 69% VERSUS PREVIOUS YEAR • SALMON PROFIT CONTRIBUTION UP 62% VERSUS PREVIOUS YEAR 4
Slide 5: Divestments and Reviews in 2019
DIVESTMENTS AND REVIEWS IN 2019 • Sale of 50% of Weihai Dong Won Food Company Ltd • Sale of Tauranga based pelagic fleet in March 2019 • Review of Australian operations with commitment to enhance market presence 5
Slide 6: Sanford Marine Extracts Facility Plans
SANFORD MARINE EXTRACTS FACILITY PLANS • $20m+ investment • Planned opening in December 2020 6
Slide 7: Health, Safety and Wellbeing
HEALTH, SAFETY AND WELLBEING • We remember the sad loss of Steffan Stewart but are proud of how our people responded to this tragic incident • Health, safety and wellbeing are the highest priority at Sanford • Near miss reporting has increased by 37% in 2019 7
Slide 8: Five Years of Change - 2015
FIVE YEARS OF CHANGE - 2015 • International Purse Seining operations closed • Closure of Christchurch mussel facility • New logo and vision: to be the best seafood company in the world 8
Slide 9: Five Years of Change - 2016
FIVE YEARS OF CHANGE - 2016 • Fishing partners reflag their vessels • The San Granit arrives • Focus on Fresh commences • SPATnz already showing impressive results in selective Greenshell mussel breeding 9
Slide 10: Five Years of Change - 2017
FIVE YEARS OF CHANGE - 2017 • Big Glory Bay brand launched • China market strong • Acquisition of Enzaq 10
Slide 11: Five Years of Change - 2018
FIVE YEARS OF CHANGE - 2018 • Climate change impacts felt • Innovating beyond food with collagen from hoki skins and Sea to Me mussel powder • Revamp of Auckland Fish Market commences • Precision Seafood Harvesting improving fish quality 11
Slide 12: Five Years of Change - 2019
FIVE YEARS OF CHANGE - 2019 • Sale of 50% Weihai stake • Sale of pelagic division • Refocussing of Australian business • Marine extracts announcement • SanCore work 12
Slide 13: Five Years of Change – Broader Changes
FIVE YEARS OF CHANGE – BROADER CHANGES • Focus on health, safety and wellbeing • Quality of our reporting • Importance of sustainability 13
Slide 14: Five Years of Change – Broader Changes
FIVE YEARS OF CHANGE – BROADER CHANGES Vision: the best seafood company in the world 14
Slide 15: Sanford History and Future
SANFORD HISTORY AND FUTURE A great history, a potentially greater future 15
Slide 16: Recognitions and Awards
RECOGNITIONS AND AWARDS 16
Slide 17: In Conclusion…
IN CONCLUSION… 17
Slide 18: Thank You
THANK YOU . . } % me. : = a i.