Ricegrowers Ltd. Class B · ASX:SGLLV
Ricegrowers Ltd. Class B — Shareholder Meeting (August 2022)
48 slides from Ricegrowers Ltd. Class B's shareholder meeting presentation, Aug 24, 2022
Slide 1: ASX Announcement: 2022 AGM Addresses and Presentations
ASX Announcement 24 August 2022 SunRice Group 2022 Annual General Meeting – Chairman and Group CEO addresses and presentations Attached are the following documents to be presented at the SunRice Group’s 2022 Annual General Meeting (AGM) and B Class Meeting, both of which are being held in-person in
Slide 2: Chairman's address – Laurie Arthur
2022 AGM Chairman’s address – Laurie Arthur, Chairman It is great to be here with you all today – our first AGM held face-to-face in Jerilderie for three years. And it was pleasing to see so many of our growers at the Australian Rice Growers’ Conference held in the Riverina earlier this month, which
Slide 3: Reflecting on the past 10 years of SunRice
2022 AGM When I reflect on the past 10 years, it is evident how much SunRice has evolved. It almost appeared that after the devastating Millennium Drought, Riverina rice production would rebound to our old planning base of a little over 1 million tonnes. And while the 2013 crop was 1.16 million tonn
Slide 4: Sustainability and water equity
2022 AGM This leads me to Sustainability. When I travel to the Riverina, I see the pride our growers take in passing their land onto future generations, in a better state than when they started to farm it. Our growers do not see this as a chore, but as a responsibility they embrace. Our SunRice Sust
Slide 5: New A Class share structure and Board changes
2022 AGM Under the new structure, one of the key principles is that the Board will not generally issue more than two A Class Shares directly or indirectly to any individual person and we have been mindful of this principle when exercising the Board’s discretion, under the Constitution, to issue A Cl
Slide 6: Group CEO's address – Rob Gordon
2022 AGM Group CEO’s address – Rob Gordon, Group CEO Thank you Laurie and good morning to everyone who has joined us today. It is wonderful to be with you all here in person for a SunRice Annual General Meeting – our first face-to-face AGM since 2019. And after two years of extraordinary challenges
Slide 7: Key contributors to results and segment performance
2022 AGM There were a range of key contributors to the strong financial results, including the return of Australian rice and the performance of some of our profit businesses, as well as realisation of benefits from the ongoing execution of our Growth Strategy: ▪ Australian Riverina rice supply incre
Slide 8: Profitability, dividends and Total Shareholder Return
2022 AGM The bottom left shows that while profitability was impacted – we remained profitable and then the top right shows that we continued delivering consistent dividends through the cycle. And the bottom row shows a Total Shareholder Return of 443% in the 10 years from 1 May 2012 to 29 April 2022
Slide 9: People and Sustainability Strategy in action
2022 AGM Our people are critical to the execution of our Growth Strategy, and their effort and dynamism was a key aspect of our ability to successfully navigate a range of challenging factors over the last few years in particular. We engaged our employees across the Group in Financial Year 2022 to r
Slide 10: Diversified portfolio and balance sheet strength
2022 AGM We have built a diversified portfolio and maintained balance sheet strength and flexibility, which means we are well placed to take advantage of further expansion opportunities, either organically or through acquisitions. And the continued execution of our Sustainability Strategy remains a
Slide 11: Annual General Meeting
Annual General Meeting 24 August 2022 (ASX:SGLLV)
Slide 12: Important notice and disclaimer
Important notice and This presentation is prepared for the This presentation is of a general nature and A Class Shares confer on their holders the Annual General Meeting on 24 August 2022 does not take into consideration the right to vote at general meetings but no and for information purposes only.
Slide 13: Chairman's Welcome
2022 ANNUAL GENERAL MEETING Chairman’s Welcome Laurie Arthur 24 August 2022 3
Slide 14: Agenda
Agenda 2022 ANNUAL GENERAL MEETING Procedural matters Chairman’s address CEO’s presentation Financial Reporting, including questions and answers AGM resolutions AGM close B Class Meeting to follow
Slide 15: Procedural Matters
2022 ANNUAL GENERAL MEETING Procedural Matters Voting will be by 1 way of poll 2 Ordinary resolutions require a 50% majority of votes cast to pass 3 If you are the registered holder of a shareholding of First A Class Share(s), you 4 Proxy and direct voting results already received will be displayed
Slide 16: Lodging your votes
2022 ANNUAL GENERAL MEETING Lodging your votes Online and other forms of early voting are now closed A Class Shareholders present in Jerilderie are able to cast votes using the yellow voting card Link Market Services will collect votes at the end of the meeting and conduct the poll If you have to le
Slide 17: Asking questions
ANNUAL GENERAL MEETING Asking questions Only Shareholders are able to ask questions Shareholders who were unable to attend today’s meeting were invited to submit questions in advance Shareholders present are invited to hold up your voting or admission card and wait for a microphone If you have a que
Slide 18: Chairman's Address
2022 ANNUAL GENERAL MEETING Chairman’s Address Laurie Arthur 24 August 2022 8
Slide 19: Group CEO's address
Group CEO’s address 2022 AGM 24 August 2022 (ASX:SGLLV)
Slide 20: A global food group with diverse products
Profit Businesses 2022 ANNUAL GENERAL MEETING A global food International Rice A growing global supply chain and distribution group with network, delivering quality and sustainability. diverse products #1 medium grain rice brand in #1 rice brand across six other and markets or #2 five Middle Eastern
Slide 21: Highlights
2022 ANNUAL GENERAL MEETING Group Revenue Highlights $1.3bn 30% Record EBITDA Return of Australian Result delivered despite rice and progress against our Growth Strategy continued headwinds from global supply chain disruptions, rising $91.3m 86% underpins strong result inflation, COVID-19 related la
Slide 22: Segment snapshot
2022 AGM Rice Pool Business FY2022 Revenue CY21 pool price (Reiziq) Segment Rice Pool Deals with receival, milling, marketing and selling of Riverina Rice. $246.1m $428 per tonne* snapshot Segment share of Group Profit Businesses FY2022 Revenue FY2022 EBITDA EBITDA International Primarily purchases,
Slide 23: History of performance
2022 ANNUAL GENERAL MEETING Australian production (t) and Group revenue ($b) Dividends (c per B Class Share) $1 billion+ in turnover Consistently strong dividends History of 1.27 1.33 1.25 1.18 1.19 1.16 1.15 1.11 1.13 0.96 1.07 1.03 40^ 0.83 0.80 31 33 33 33 33 33 33 performance 0.69 0.62 23 23 0.4
Slide 24: Growth Strategy in action: multi-origin, multi-market
Close to paddy 2022 ANNUAL GENERAL MEETING Growth Multi-origin, multi-market 1.5 million tonnes of demand* Strategy in strategy performing strongly action 11 source countries 1,161 Australia Cambodia China 963 800 829 802 690 ~688 Pakistan Taiwan Thailand 623 417 244 54 45 Vietnam USA India CY11 CY1
Slide 25: Growth Strategy in action: organic growth and acquisitions
2022 ANNUAL GENERAL MEETING Growth Strategy in action Building Pursuing Strategic organic growth strategic growth acquisitions Driving product Further penetrating innovation high value segments Using capabilities and deep Pryde’s EasiFeed was acquired by FY2022 FY2021 FY2021 acquisition insights wit
Slide 26: Sustainability Strategy in action
2022 ANNUAL GENERAL MEETING FY2022 sustainability highlights Sustainability Finalised climate scenario $1.04 million donated 22% year-on-year workshops and analysis, and to community organisations increase in products detailed response to the displaying the Australian Strategy in action recommendati
Slide 27: Outlook
2022 ANNUAL GENERAL MEETING • Top-line revenue expected to build as FY023 progresses • FY2022 finished strongly, but FY2023 has started with worsening inflationary pressures on key Outlook business inputs and costs • Continuing volatility and disruption to global shipping, placing pressure on earnin
Slide 28: Formal Items of Business
2022 ANNUAL GENERAL MEETING Formal Items of Business 24 August 2022
Slide 29: Agenda Item 1: Financial Reporting
2022 ANNUAL GENERAL MEETING Agenda Item 1 Financial Reporting Consideration of the Annual Financial Report, Directors’ Report and Independent Audit Report for the year ended 30 April 2022.
Slide 30: Resolution 1: Remuneration Report
2022 ANNUAL GENERAL MEETING Resolution 1 Remuneration Report “That the Remuneration Report for the year ended 30 April 2022 be adopted.”
Slide 31: Resolution 1: Votes Received
2022 ANNUAL GENERAL MEETING Resolution 1 Remuneration Report “That the Remuneration Report for the year ended 30 April 2022 be adopted.” Votes Received For 85 Against 14 Open 10 Abstain 2
Slide 32: Resolution 2: Re-election of Luisa Catanzaro
2022 ANNUAL GENERAL MEETING Resolution 2 Re-election of Luisa Catanzaro “That Ms. Luisa Catanzaro, being eligible, be re-elected as a Director of the Company for a period of three years.”
Slide 33: Resolution 2: Votes Received
2022 ANNUAL GENERAL MEETING Resolution 2 Re-election of Luisa Catanzaro “That Ms. Luisa Catanzaro, being eligible, be re-elected as a Director of the Company for a period of three years.” Votes Received For 107 Against 2 Open 10 Abstain 2
Slide 34: AGM close
2022 ANNUAL GENERAL MEETING AGM close B Class Meeting to follow in Jerilderie and via webcast on: https://meetings.linkgroup.com/SGL2022 AGM results will be posted on the ASX and SunRice website Thank you for your attendance 24
Slide 35: Making a difference to places and lives everywhere
2022 ANNUAL GENERAL MEETING Making a difference to places and lives everywhere through nourishing and delicious products.
Slide 36: B Class Meeting
B Class Meeting 24 August 2022 (ASX:SGLLV)
Slide 37: Important notice and disclaimer
Important notice and This presentation is prepared for the This presentation is of a general nature and A Class Shares confer on their holders the B Class Meeting on 24 August 2022 and does not take into consideration the right to vote at general meetings but no for information purposes only. invest
Slide 38: Chairman's Welcome
2022 B CLASS MEETING Chairman’s Welcome Laurie Arthur 24 August 2022 3
Slide 39: Agenda
2022 B CLASS MEETING Agenda Procedural matters Meeting resolution Questions and answers Meeting close
Slide 40: Procedural Matters
2022 B CLASS MEETING Procedural Matters 1 3 Voting will be by Proxy and direct voting results way of poll already received will be displayed for the resolution 2 Resolution 1 requires a 50% majority of votes cast to pass 4 Voting will close once Link Market Services has collected all the voting card
Slide 41: Lodging your votes
2022 B CLASS MEETING Lodging your votes Online and other forms of early voting are now closed B Class Shareholders present in Jerilderie are able to cast votes using the white voting card Link Market Services will collect votes at the end of the meeting and conduct the poll If you have to leave earl
Slide 42: Asking questions
2022 B CLASS MEETING Asking questions Only Shareholders are able to ask questions Shareholders who were unable to attend today’s meeting were invited to submit questions in advance Shareholders present are invited to hold up your voting or admission card and wait for a microphone If you have a quest
Slide 43: B Class Resolution
2022 B CLASS MEETING B Class Resolution 24 August 2022
Slide 44: Resolution: Non-Executive Director Share Rights Plan
2022 B CLASS MEETING Resolution 1 Non-Executive Director Share Rights Plan “That approval is given, for the purposes of the ASX Listing Rules and all other purposes: • for the establishment of the Company’s Non-Executive Director Share Rights Plan (“Share Rights Plan”); and • for the grant of share
Slide 45: Share Rights Plan: Votes Received
2022 B CLASS MEETING Resolution 1 Non-Executive Director Share Rights Plan Votes Received For 11,938,979 Against 588,995 Open 578,938 Abstain 3,358
Slide 46: Questions & Answers
2022 B CLASS MEETING Questions & Answers 24 August 2022
Slide 47: B Class Meeting Close
2022 B CLASS MEETING B Class Meeting Close Voting has now closed AGM and B Class Meeting results will be posted on the ASX and SunRice website Thank you for your attendance
Slide 48: Making a difference to places and lives everywhere
2022 B CLASS MEETING Making a difference to places and lives everywhere through nourishing and delicious products.