Graincorp Limited Class A · ASX:GNC
Graincorp Limited Class A — Shareholder Meeting (February 2021)
29 slides from Graincorp Limited Class A's shareholder meeting presentation, Feb 11, 2021
Slide 1: 2021 Annual General Meeting – AGM Presentation
11 February 2021 The Manager, Companies Australian Securities Exchange Companies Announcement Centre 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam, 2021 Annual General Meeting – AGM Presentation Please see attached the presentations of the Chairman and Managing Director & CEO to address to be deli
Slide 2: Annual General Meeting – FY20
GrainCorp Limited Annual General Meeting – FY20 11 February 2021
Slide 3: Disclaimer
WORK IN PROGRESS DRAFT Disclaimer This presentation includes both information that is historical in character and information that consists of forward looking statements. Forward looking statements are not based on historical facts, but are based on current expectations of future results or events.
Slide 4: Board of Directors
Board of Directors MR PETER RICHARDS MR ROBERT SPURWAY MR DAN MANGELSDORF MS KATHY GRIGG MR DONALD MCGAUCHIE CHAIRMAN MANAGING DIRECTOR & CEO NON-EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR
Slide 5: Technology and procedural matters
Technology and procedural matters
Slide 6: Agenda
Agenda 1. Chairman’s Address 2. Managing Director & CEO’s Presentation 3. Business of the Annual General Meeting Resolutions Shareholder questions Poll voting 4. Meeting closed
Slide 7: Chairman's Address
Chairman’s Address Peter Richards
Slide 8: Managing Director & CEO's presentation
Managing Director & CEO’s presentation Robert Spurway
Slide 9: Harvest Update – 2020/21
WORK IN PROGRESS DRAFT Harvest Update – 2020/21 Strong harvest Near optimal harvest conditions 62 sites broke receival records – 13.8mmt1 of grain received year-to-date2 across Queensland, New South Wales and Victoria Depleted grain inventory being replenished across network Focus turns to f
Slide 10: COVID-19 resilience
WORK IN PROGRESS DRAFT COVID-19 resilience An essential service in the food & agricultural supply chain Protecting our Physical and mental wellbeing programmes for people employees COVID-19 safe plans embedded at all offices and sites Protecting our Seamless operations supporting our customers
Slide 11: Commitment to zero harm
WORK IN PROGRESS DRAFT Commitment to zero harm Continued improvement in our safety performance LOST TIME INJURY FREQUENCY RECORDABLE INJURY FREQUENCY RATE (LTIFR)1,2 RATE1 3.9 13.2 12.6 3.7 11.7 3.1 1.8 7.7 6.5 New photo 0.8 FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20 Driving safety culture
Slide 12: Sustainability
WORK IN PROGRESS DRAFT Sustainability Fundamental to what we do Sustainable agriculture Managing impact of climate variability through the cycle FutureFeed, a partnership with CSIRO, developing a Unique 10-year Crop Production seaweed extract Contract (CPC) established (asparagopsis) based anima
Slide 13: FY20 financial highlights
WORK IN PROGRESS DRAFT FY20 financial highlights Stronger performance across all segments despite third year of drought Underlying EBITDA ($m)1 FY202 FY19 Movement Agribusiness 79 (94) Processing 46 16 Corporate (17) (29) Total 108 (107) Balance sheet: finished FY20 in strong financial position, c
Slide 14: Strategy
WORK IN PROGRESS DRAFT Strategy Overall focus is on improving Return on Invested Capital (ROIC) More detail on strategy to be provided at GrainCorp Investor Day in March 2021 Lift returns Deliver further cost reduction through simplification Continued efficiencies and initiatives to drive utilis
Slide 15: Outlook
WORK IN PROGRESS DRAFT Outlook FY21 earnings Underlying EBITDA1 of $230 – 270 million Variables and assumptions guidance Underlying NPAT2 of $60 – 85 million FY21 guidance is subject to: Second half grain volumes, including sorghum crop Year-to-date3 grain exports 1.7mmt Timing of grain ex
Slide 16: Business of the AGM
Business of the AGM Peter Richards
Slide 17: Business of the AGM
WORK IN PROGRESS DRAFT Business of the AGM For consideration Item 1: Consideration of Financial Statements and Reports Ordinary resolutions Item 2: Adoption of the Remuneration Report Item 3: Re-election of Director – Mr Daniel Mangelsdorf Item 4a: FY20 Long Term Incentive grant of performance right
Slide 18: Item 1: Consideration of Financial Statements and Reports
WORK IN PROGRESS DRAFT Item 1: Consideration of Financial Statements and Reports To receive and consider the Financial Statements and the Report of the Directors and Auditor for GrainCorp for the financial year ended 30 September 2020. Note: No resolution is required for this item of business GRAINC
Slide 19: Item 2: Adoption of the Remuneration Report
WORK IN PROGRESS DRAFT Item 2: Adoption of the Remuneration Report To consider and, if thought appropriate, pass the following as an ordinary resolution: “That the Remuneration Report (which forms part of the Directors’ Report) of the Company for the financial year ended 30 September 2020 set out on
Slide 20: Proxy and direct votes
WORK IN PROGRESS DRAFT Proxy and direct votes Item 2: Adoption of the Remuneration Report PROXY & DIRECT VOTES FOR OPEN AGAINST TOTAL Item 2 148,645,884 327,366 4,034,832 153,008,082 % vote 97.2% 0.2% 2.6% 66.9% of issued capital The Chairman of the Meeting will be voting open proxies in favour of t
Slide 21: Item 3: Re-election of Mr Daniel Mangelsdorf
WORK IN PROGRESS DRAFT Item 3: Re-election of Mr Daniel Mangelsdorf To consider and, if thought appropriate, pass the following as an ordinary resolution: “That, for the purposes of ASX Listing Rule 14.4, article 11.3(a) of the constitution of the Company and for all other purposes, Mr Daniel Mangel
Slide 22: Proxy and direct votes
WORK IN PROGRESS DRAFT Proxy and direct votes Item 3: Re-election of Mr Daniel Mangelsdorf PROXY & DIRECT VOTES FOR OPEN AGAINST TOTAL Item 3 149,789,180 340,434 2,864,255 152,993,869 % vote 97.9% 0.2% 1.9% 66.9% of issued capital The Chairman of the Meeting will be voting open proxies in favour of
Slide 23: Item 4a: FY20 Long Term Incentive grant to the MD and CEO
WORK IN PROGRESS DRAFT Item 4a: FY20 Long Term Incentive grant of performance rights to the MD and CEO To consider and, if thought appropriate, pass the following as an ordinary resolution: “That, for the purpose of ASX Listing Rule 10.14 and for all other purposes, approval be given for the grant o
Slide 24: Proxy and direct votes
WORK IN PROGRESS DRAFT Proxy and direct votes Item 4a: FY20 Long Term Incentive grant of performance rights to the MD and CEO PROXY & DIRECT VOTES FOR OPEN AGAINST TOTAL Item 4a 151,045,668 326,736 1,645,310 153,017,714 % vote 98.7% 0.2% 1.1% 66.9% of issued capital The Chairman of the Meeting will
Slide 25: Item 4b: FY21 Long Term Incentive grant to the MD and CEO
WORK IN PROGRESS DRAFT Item 4b: FY21 Long Term Incentive grant of performance rights to the MD and CEO To consider and, if thought appropriate, pass the following as an ordinary resolution: “That, for the purpose of ASX Listing Rule 10.14 and for all other purposes, approval be given for the grant o
Slide 26: Proxy and direct votes
WORK IN PROGRESS DRAFT Proxy and direct votes Item 4b: FY21 Long Term Incentive grant of performance rights to the MD and CEO PROXY & DIRECT VOTES FOR OPEN AGAINST TOTAL Item 4b 150,998,228 329,112 1,692,424 153,019,764 % vote 98.7% 0.2% 1.1% 66.9% of issued capital The Chairman of the Meeting will
Slide 27: GrainCorp
GrainCorp
Slide 28: Meeting closed
XY) GrainCorp: xe} ® o te) a) fo3) = = ® o =
Slide 29: Annual General Meeting – FY20
GrainCorp Limited Annual General Meeting – FY20 11 February 2021