Allied Farmers Limited · NZX:ALF
Allied Farmers — Shareholder Meeting (November 2016)
21 slides from Allied Farmers's shareholder meeting presentation, Nov 29, 2016
Slide 1: Allied Farmers Limited Annual General Meeting
Allied Farmers Limited Annual General Meeting Tuesday, 29 November 2016
Slide 2: Welcome & Introduction
la Ne Welcome & Introduction ~\
Slide 3: Annual Financial Statements
Annual Financial Statements
Slide 4: Allied Farmers Limited Income and Expenses
Allied Farmers Limited 2016 2015 $m $m Income 16 15 Expenses 14 14 Taxation .2 .5 Net Profit 1.4 .7 Parent Owners Share 0.7 0.1
Slide 5: Continuing Divisions
Allied Farmers Limited CONTINUING DIVISIONS 2016 2015 $m $m LIVESTOCK Revenue 15.9 14.7 Pre-Tax Profit 2.3 1.5 INVESTMENTS Revenue 0.1 0.2 Impairments - - Profit (Loss) 0.1 0.2 CORPORATE Income 0.0 0.5 Costs 0.6 0.8 Interest 0.2 0.3 Profit (Loss) (0.8) (0.6)
Slide 6: Group Balance Sheet
Allied Farmers Limited GROUP BALANCE SHEET 2016 2015 $m $m ASSETS Receivables 6 5 Cash 2 2 Fixed Assets 4 4 Other Assets 1 - 13 12 LIABILITIES & EQUITY Borrowings 5 6 Other incl. Creditors 7 8 Equity 0.1* - 1.5* 13 12 * Does not include assessed value of investment in subsidiaries or increase in val
Slide 7: Significant Milestones
Significant Milestones Re-acquisition of NZ Farmers Livestock shares Acquired share in Redshaws Livestock Profit growth in NZ Farmers Livestock Overhead cost efficiencies via Share sale programme Lower audit and insurance costs reflecting ongoing simplification and risk reduction Lower weighted aver
Slide 8: Current Performance
Current Performance Livestock ahead of last year Bobby Calves tracking behind last year Corporate / AFIL in line with last year
Slide 9: Allied Farmers - Rural CEO - Steve Morrison
Allied Farmers ‐ Rural CEO ‐ Steve Morrison
Slide 10: NZ Farmers Livestock Agency and related interests
• NZ Farmers Livestock Agency • MyLivestock platform and App • Redshaw Livestock interest • Farmers Meat Export Ltd • Associated Auctioneers JV interests • Livestock Finance subsidiary Working with Farmers for Farmers
Slide 11: Experienced team, adding value for clients
• Experienced team • Adding value for clients ‐ every day • Win‐Win business • Moving with (or ahead of) the times Working with Farmers for Farmers
Slide 12: Last Year & Today
Last Year & Today: • Targeting Growth – recruitment, acquisition, Northland, South Island • 2015/16 EBT 52% up on 2014/15 • Building equity • Dairy challenges • Very good livestock agency performance • Good FMEL performance • Redshaws in line with acquisition basis • Targeting further growth & devel
Slide 13: Building & supporting teams
• Building & supporting teams • Developing new agents • Building networks • Robust contracting arrangements • MyLivestock platform & App • Refining FMEL business • Building value Working with Farmers for Farmers
Slide 14: Meeting all requirements - H&S, Consent, NAIT
• Meeting all requirements – H & S, Consent, NAIT…..
Slide 15: The Future
The Future ‐ Sensible Growth ‐ Market share ‐ MyLivestock leadership ‐ Bottomline performance ‐ A platform and support for wider Allied Farmers progress Working with Farmers for Farmers
Slide 16: Thank you
Thank you Working with Farmers for Farmers
Slide 17: Questions
Questions
Slide 18: Business Resolutions
Business Resolutions
Slide 19: Resolution 1. Re-election of Philip Luscombe
Resolution 1. Re‐election of Philip Luscombe (retiring by rotation)
Slide 20: Resolution 2 Remuneration of Auditors
Resolution 2 Remuneration of Auditors
Slide 21: General Business
General Business