Slide 1: Company announcement: Stonebridge Group investor presentation revised
GrainCorp Company announcement GrainCorp Limited ABN 60 057 186 035 Date: Tuesday, 4 August 2009 To: The Manager Announcements Company announcements office Lodged via www.asxonline.com PUBLIC ANNOUNCEMENT Contents for immediate release: STONEBRIDGE GROUP - INVESTOR PRESENTATION REVISED TO CORRECT ER
Slide 2: Stonebridge Group Investor Presentation
For personal use only Stonebridge Group Investor Presentation – 3 August 2009 Mr. Mark Irwin – Managing Director GRAINCORP LIMITED Grain Storage | Supply Chain Logistics | Grain Trading |Port Terminals | Merchandise | Allied Mills 1
Slide 3: Agenda
Agenda For personal use only • Business transformation • Capital raising • Strategy • Outlook update Grain Storage | Supply Chain Logistics | Grain Trading |Port Terminals | Merchandise | Allied Mills 2
Slide 4: Transformation of GrainCorp
Transformation of GrainCorp For personal use only The hard asset rationalisation of the 2006 Strategic Plan and the People, Process and System focus in 2008-2009 has led to: • A significant internal restructure of business units and senior management • Clearer customer focus • Becoming a leading par
Slide 5: Business Excellence - Transformation Focus
Business Excellence - Transformation Focus For personal use only • People – Focus on increased skills, autonomy, accountability, empowerment, new people with outside experience • Structural Changes – Regional empowerment for Country Operations – Supply chain focus for road and rail freight – GrainCo
Slide 6: Business Excellence – New Executive Team
Business Excellence – New Executive Team For personal use only New to role Continuing role New position Mark Irwin Managing Director Executive Assistant Nigel Hart Bruce Griffin Sam Tainsh Graham Mathason GM Ports & GM Storage & Logistics GM Trading GM Account Mgt. New Business Ian Wilton Neil Johns
Slide 7: Capital Raising
For personal use only CAPITAL RAISING Grain Storage | Supply Chain Logistics | Grain Trading |Port Terminals | Merchandise | Allied Mills 6
Slide 8: Reduce Gearing – Recent Capital Raising
Reduce Gearing – Recent Capital Raising For personal use only Share Placement • Heavily oversubscribed • 9.6 million shares placed raising $60 m Share Purchase Plan • Applications for $218 million received • 22 million shares issued – $138 m raised Use of Capital Raised • Strengthen the balance shee
Slide 9: Reduce Gearing and Position for Growth
Reduce Gearing and Position for Growth For personal use only 300.0% 281% Based on 31st March 2009 GrainCorp has performed well from published accounts Feb 08 to June 09 compared to 250.0% peers 200.0% • Benefits from removal of bulk 150.0% 113% 121% wheat export monopoly and 96% 100.0% changing mark
Slide 10: Strategy
For personal use only STRATEGY Grain Storage | Supply Chain Logistics | Grain Trading |Port Terminals | Merchandise | Allied Mills 9
Slide 11: Areas of Strategic Focus
Areas of Strategic Focus For personal use only Reduce gearing • Capital management to provide long term financial security, flexibility to fund grain inventory and company growth Competitive and efficient grain • Build on our strength in rail and road supply chain for export and domestic supply chai
Slide 12: Strategic Supply Chain Growth – Rail
Strategic Supply Chain Growth – Rail For personal use only Grain Storage Grain Storage Secure • Banks will lend against grain in GrainCorp storage Farm Market Access On Farm Domestic • Domestic and export pathways Farm Silo • Road and rail transport Quality • Out turn quality assured GNC • Technical
Slide 13: Other Business Models
Other Business Models For personal use only • Agri-products • Grain elevators, supply chain and exports • Oilseed/sunflower processing • Processed foods / soy oil and flour • Energy and fuels • Agri-products • Agri-food processing – Oat milling and Malt • Livestock feed and services • Financial prod
Slide 14: Outlook and Update
For personal use only OUTLOOK AND UPDATE Grain Storage | Supply Chain Logistics | Grain Trading |Port Terminals | Merchandise | Allied Mills 13
Slide 15: Earnings Upgrade
Earnings Upgrade For personal use only • GrainCorp issued an earnings upgrade on 3rd August – NPAT up from $37 - $42 million – To between $53 - $63 million • The key drivers of the NPAT upgrade include; – Higher than expected grain receivals, on target to exceed 9.5 mmt; – Higher than expected expor
Slide 16: FY09 Update
FY09 Update For personal use only • ABARE June production forecast for Qld., NSW, Vic – 17.6 mmt • Current planting and seasonal conditions across GrainCorp footprint support this forecast Estimated receivals FY09 9.5 mmt Actual receivals YTD 9.5 mmt Estimated exports handled 4.5 to 5.0 mmt Actual e