Zeder Investments Limited · JSE:ZED
Zeder Investments — Shareholder Meeting (July 2024)
10 slides from Zeder Investments's shareholder meeting presentation, Jul 24, 2024
Slide 1: Annual General Meeting
ANNUAL GENERAL MEETING PRESENTED BY: JOHANN LE ROUX DATE: 24 JULY 2024 1
Slide 2: Agenda
AGENDA • Social and ethics feedback • Post balance sheet events • Sum-of-the-parts update • Strategy • Questions – Q&A tab 2
Slide 3: Social and Ethics Feedback
SOCIAL AND ETHICS FEEDBACK Zeder implements its monitoring and adherence to Social and Ethics obligations through conscious and deliberate participation at investee company level while aligning and monitoring at holding company level. ─ Zeder’s detailed social and ethics (page 48) and governance (pa
Slide 4: Social and Ethics Feedback (Examples)
SOCIAL AND ETHICS FEEDBACK (EXAMPLES) While it is impossible to record each “social and ethical” initiative across the group, below are examples referenced to illustrate our actions and intentions. Education Skills Development Sustainability Community Outreach • Invested in bursaries and • Farmer de
Slide 5: Post Balance Sheet Events
POST BALANCE SHEET EVENTS • Special dividends, pome loan repayment and further loans to Zaad Special dividends Special dividends Pome loan repaid Bridge loans • Disposal of Capespan • No further TLG • Pome Investments • Bridge loans advanced during January 2024 restricted funds as from working capit
Slide 6: Post Balance Sheet Events
POST BALANCE SHEET EVENTS • Zeder Pome Investments – individual pome asset disposals Disposal of Disposal of Disposal of Novo packhouse TWK farm Applethwaite farm Misty Cliffs farm • Sales agreement • Sales agreement • Sales agreement • Engaged with signed signed signed interested parties on • Main
Slide 7: Sum-of-the-Parts Update
SUM-OF-THE-PARTS UPDATE Change in the SOTP value per share from 29 February 2024, driven by the aforementioned post balance sheet cashflow events. Zeder has no debt and a cash balance which will be bolstered by the anticipated Pome Investments asset disposals. The discount to SOTP has narrowed since
Slide 8: Strategy
STRATEGY • Zeder’s objective remains to maximise shareholder wealth • How did we do during the 2024 financial year? ─ Special dividends totalling R693m paid to shareholders ─ Special dividends totalling 15c per share paid (R231m) during the 2024 financial year ─ Further special dividends totalling 3
Slide 9: Strategy
STRATEGY Zeder’s strategy has enabled a return of over R8bn to shareholders in terms of special dividends and the KAL Group unbundling. The discount has narrowed from R2.96bn to the current R530m. We will continue with this strategy and the disposal of individual pome assets will enable further spec
Slide 10: Thank you
Thank you Awaiting image… WE ARE BASED IN STELLENBOSCH, WESTERN CAPE, SOUTH AFRICA. PHYSICAL ADDRESS POSTAL ADDRESS 1ST FLOOR, OU KOLLEGE PO BOX 7403 35 KERK STREET STELLENBOSCH STELLENBOSCH 7599 7600 TEL: 021 831 9559 FOR FURTHER INFORMATION, PLEASE CONTACT US AT INFO@ZEDER.CO.ZA