Australian Dairy Nutritionals Limited · ASX:AHF
Australian Dairy Nutritionals — Shareholder Meeting (December 2020)
34 slides from Australian Dairy Nutritionals's shareholder meeting presentation, Dec 10, 2020
Slide 1: Growing Local, Going Global
For personal use only Growing Local, Going Global Annual General Meeting of Shareholders 10 December 2020
Slide 2: Welcome & Chairman's Address
For personal use only Welcome & Chairman’s Address 2
Slide 3: Agenda
Agenda For personal use only Welcome & Chairman’s Address CEO’s Presentation Consideration of Items of Business per Notice of Meeting • Item 1: 2020 Annual Report • Resolution 1: Adoption of the Remuneration Report • Resolution 2: Re-election of Paul Morrell • Resolution 3: Re-election of Martin Bry
Slide 4: Online Voting Process
Online Voting Process For personal use only Voting today will be conduct by way of poll on all items of business and voting on all Resolutions is now open Members can cast their vote by clicking For, Against or Abstain Members can submit a vote on each individual Resolution or on all Resolutions
Slide 5: Question Process
Question Process For personal use only Securityholders are encouraged to ask questions throughout the meeting and the Company’s auditor is also in attendance to answer questions Questions can be submitted at anytime during the meeting through the portal Questions in relation to a specific Resolu
Slide 6: CEO Presentation
For personal use only CEO Presentation 6
Slide 7: Australian Dairy Nutritionals Group FY20
Australian Dairy Nutritionals Group FY20 • FY20 was a SW Victoria enjoyed very good seasonal conditions and strong farmgate challenging year milk prices For personal use only Converted one farm to A2 herd for A2 milk production • Continued focus Farm segment returned to profitability compared
Slide 8: Australian Dairy Nutritionals Group Highlights
For personal use only Australian Dairy Nutritionals Group Highlights Vertically integrated supply chain Secure supply of raw milk with New production facility to FY21: Building blocks that can adapt quickly to domestic and global supply and AHF farms transitioning to Organic and A2 raw milk produce
Slide 9: Leveraging Expertise Across Multiple Business Segments
Leveraging Expertise Across Multiple Business Segments AHF’s value proposition is generated through its fully integrated business model combining ingredient and manufacturing For personal use only expertise together with a growing portfolio of brand-led and consumer focused products High Margin R&D
Slide 10: Progress and Delivering on Strategy
Progress and Delivering on Strategy Three years ago, AHF outlined a 5-year strategy to become a fully vertically integrated producer, manufacturer and supplier For personal use only of our own branded dairy products. We continue to progress and deliver on the strategy as highlighted below: Objective
Slide 11: Adding Infant Formula Processing Capability
Adding Infant Formula Processing Capability New Processing Capabilities: Focus on Higher Margin Products For personal use only • AHF expects to complete Stage 1 of its Infant Formula Project by June 2021 transforming its processing capability to: • fresh and nutritional processing (milk, yoghurt, mi
Slide 12: Transformation almost complete
Transformation almost complete First infant formula sales expected in the second half of CY2021. Indicative timeline of milestones and achievements: For personal use only 1 Infant Formula Plant 3 Expansion of The Collective rights to include sales and distribution purchase finalised 6 Future IF rang
Slide 13: First Roll-Out: Future (Tummy Health) Formula Range Launch in Q4 FY21
First Roll-Out: Future (Tummy Health) Formula Range Launch in Q4 FY21 For personal use only AHF will be launching a scientifically developed formula which will position AHF to capture market share in a high-margin product category Commentary Product Innovation Unique product range innovation to be
Slide 14: Followed by: Ecklin South Organic A2 Infant Formula Launch in Q2 FY22
Followed by: Ecklin South Organic A2 Infant Formula Launch in Q2 FY22 For personal use only AHF recent transformation over the past three years has provided the platform for AHF to launch another unique infant formula product Commentary Very few producers globally of organic A2 infant formula, the
Slide 15: Business of Meeting
For personal use only Business of Meeting Business of Meeting 15
Slide 16: Tabling of Financial Statements – FY20
Tabling of Financial Statements – FY20 For personal use only The Financial Statements for financial year ended 30 June 2020 (FY20) are laid before the meeting www.adnl.com.au/investor-centre 16
Slide 17: Resolution – Remuneration Report
Resolution 1 – Remuneration Report For personal use only “That for the purposes of section 250R(2) of the Corporations Act 2001 (Cth), the Remuneration Report set out in the Directors’ Report for the financial year ending 30 June 2020 be adopted.” Business of Meeting Proxies for Resolution 1 For: 79
Slide 18: Please Vote Now
For personal use only Please Vote Now 18
Slide 19: Resolution – Re-election of Director – Paul Morrell
Resolution 2 – Re-election of Director – Paul For personal use only Morrell “That Paul Morrell, who retires by rotation in accordance with clause 49(b)(ii) of the Company’s Constitution, and being eligible offers himself for re- Business of Meeting election, to be re-elected as a Director.” Proxies
Slide 20: Please Vote Now
For personal use only Please Vote Now 20
Slide 21: Resolution – Re-election of Director – Martin Bryant
Resolution 3 – Re-election of Director – For personal use only Martin Bryant “That Martin Bryant, who having been appointed by the Board on 23 November 2019, retires in accordance with clause 49(d) of the Company’s Business of Meeting Constitution, and being eligible offers himself for re- election
Slide 22: Please Vote Now
For personal use only Please Vote Now 22
Slide 23: Resolution – Approval of Amendments to Constitution
Resolution 4 – Approval of Amendments to For personal use only Constitution “That the Constitution be amended as set out in the amended Constitution available on the Company’s website in mark-up at https://adnl.com.au/corporatedocuments. A summary of the amendment is provided in the Explanatory Busi
Slide 24: Please Vote Now
For personal use only Please Vote Now 24
Slide 25: Resolution – Approval of 10% Placement Facility
Resolution 5 – Approval of 10% Placement For personal use only Facility “That, for the purposes of Listing Rule 7.1A,the issue of Equity Securities (as that term is defined in the Listing Rules), totalling up to 10% of the issued capital of the Group at the time of the issue, Business of Meeting cal
Slide 26: Please Vote Now
For personal use only Please Vote Now 26
Slide 27: Resolution – Incentive Plan Approval
Resolution 6 – Incentive Plan Approval For personal use only “That, for the purposes of Listing Rule 7.1 and in accordance with Listing Rule 7.2 (Exception 13), sections 259B(2) and 260C(4) of the Corporations Act and for all other purposes, the Incentive Plan as described in section 8 of the Explan
Slide 28: Please Vote Now
For personal use only Please Vote Now 28
Slide 29: Resolution – Issue of Performance Rights to Peter Skene
Resolution 7 – Issue of Performance Rights to For personal use only Peter Skene “That Securityholders approve for the purposes of Listing Rule 10.14, the issue of 3,000,000 Performance Rights to Peter Skene or his nominee, subject to achievement of specific performance hurdles set by the Board, on t
Slide 30: Please Vote Now
For personal use only Please Vote Now 30
Slide 31: Resolution – Renewal of Proportional Takeover Provision
Resolution 8 – Renewal of Proportional For personal use only Takeover Provision “That, for the purposes of section 648G(4) of the Corporations Act the renewal of Article 81 and Article 82 of the Company’s Constitution as described in the Explanatory Memorandum which Business of Meeting accompanies a
Slide 32: Please Vote Now
For personal use only Please Vote Now 32
Slide 33: Questions
For personal use only Questions
Slide 34: Thank you
For personal use only Thank you 34
Australian Dairy Nutritionals — Shareholder Meeting (December 2020) on 6ix