Synlait Milk Ltd. · NZX:SML
Synlait Milk — Shareholder Meeting (December 2024)
23 slides from Synlait Milk's shareholder meeting presentation, Dec 4, 2024
Slide 1: Annual Meeting Presentation
ANNUAL MEETING PRESENTATION Annie McLaren and Andrew Lindsay, Wednesday 4 December 2024 Synlait Area Managers
Slide 2: Voting Online
VOTING ONLINE • Voting is now open. • To vote, click the vote tab and select your preferred option. Once your vote is cast, a tick will appear. • There is no submit or send button. Your selection is automatically recorded, and you can change it until voting closes. PAGE 2 ANNUAL MEETING PRESENTATION
Slide 3: Asking a Question Online
ASKING A QUESTION ONLINE • To ask a question, click on the Q&A icon. • Click on the box, type your question, and press submit. • Your question will be asked at the appropriate part of the meeting. • Please ensure questions are concise, clear, and relevant to the meeting. PAGE 3 ANNUAL MEETING PRESEN
Slide 4: Need Help?
NEED HELP? • Use the Q&A tab to message a Computershare representative. • Check the virtual meeting guide issued with the Notice of Meeting or on Synlait’s website. • Call the Computershare team on +64 9 488 8777. PAGE 4 ANNUAL MEETING PRESENTATION 2024
Slide 5: Chair Address
CHAIR ADDRESS George Adams PAGE 5 ANNUAL MEETING PRESENTATION 2024
Slide 6: Today's Agenda
TODAY’S AGENDA • Chair Address • Acting CEO Address • Resolutions and Voting • Other Business PAGE 6 ANNUAL MEETING PRESENTATION 2024
Slide 7: FY24 Key Achievements
FY24 KEY ACHIEVEMENTS Much-needed Synlait and The North Island Customer Retaining milk balance sheet a2 Milk Company strategic review growth continues supply reset delivered settle disputes completed Two-step plan Resolved all disputes Operations to solely focus Expansion into Balance sheet reset (s
Slide 8: Key FY24 Highlight: Balance Sheet Reset Delivered
KEY FY24 HIGHLIGHT: BALANCE SHEET RESET DELIVERED SHAREHOLDER EQUITY RAISE AND BOND 1 LOAN 2 BANK REFINANCING 3 REDEMPTION Timing: July 2024 Timing: September 2024 Timing: November 2024 Proceeds: $130 million Proceeds: approximately $217.8 Current status: $169 million of Use of proceeds: repayment o
Slide 9: FY25 Is Not the Time to Take Our Foot Off the Pedal
FY25 IS NOT THE TIME TO TAKE OUR FOOT OFF THE PEDAL There is still a lot of work to do. The Board’s focuses are: New customer growth Deliver new product Grow secured to uplift earnings and development and milk supply capacity utilisation enter new markets Attract and retain Lift operational CEO key
Slide 10: Key FY25 Focus: Lifting Operational Performance to Drive Further Cash Flow
KEY FY25 FOCUS: LIFTING OPERATIONAL PERFORMANCE TO DRIVE FURTHER CASH FLOW One-off settlement Working capital unlock Operational payment from The efficiencies a2 Milk Company to Synlait in the order of Receivables Smarter inventory $24.75 million made assignment management programme Driving uplift i
Slide 11: Acting CEO Address
ACTING CEO ADDRESS Tim Carter PAGE 11 ANNUAL MEETING PRESENTATION 2024
Slide 12: First Impressions: How Synlait Will Return to Profitability
FIRST IMPRESSIONS: HOW SYNLAIT WILL RETURN TO PROFITABILITY Underpinned by a focus on: Outcome Data-driven Execution driven decision making Customer Capability Let’s centricity building hustle! PAGE 12 ANNUAL MEETING PRESENTATION 2024
Slide 13: Management's FY25 Focus Areas
MANAGEMENT’S FY25 FOCUS AREAS GROWING SECURED BUSINESS VOLUME 1 MILK SUPPLY 2 PERFORMANCE 3 GROWTH Retaining current farmers and Focus on plant reliability, Continue to develop and attracting new ones supply chain, procurement and grow the Advanced Nutrition cost structures and Foodservice business-
Slide 14: Refreshed Sustainability Strategy
REFRESHED SUSTAINABILITY STRATEGY AMBITION RIGHT TO PLAY TO FY29 OUR STRONG FOUNDATIONS CO2 100% of product packaging reusable, -30% GHG on-farm -45% GHG absolute Sustainability progress, Value chain – balanced nature, Lead With PrideTM recyclable or compostable per kgMS by FY29 Scope 1 and 2 by FY2
Slide 15: Asking a Question Online
ASKING A QUESTION ONLINE • To ask a question, click on the Q&A icon. • Click on the box, type your question, and press submit. • Your question will be asked at the appropriate part of the meeting. • Please ensure questions are concise, clear, and relevant to the meeting. PAGE 15 ANNUAL MEETING PRESE
Slide 16: Resolution & Voting
RESOLUTION & VOTING PAGE 16 ANNUAL MEETING PRESENTATION 2024
Slide 17: Resolution 1 Director Election
RESOLUTION 1 DIRECTOR ELECTION “That George Adams be elected as a Director.” Voting online To vote, click the vote tab and select your preferred option. Once your vote is cast, a tick will appear. There is no submit or send button; your selection is automatically recorded, although it can be changed
Slide 18: Resolution 2 Director Election
RESOLUTION 2 DIRECTOR ELECTION “That Sihang Yang (Edward) be elected as a Director.” Voting online To vote, click the vote tab and select your preferred option. Once your vote is cast, a tick will appear. There is no submit or send button; your selection is automatically recorded, although it can be
Slide 19: Resolution 3 Auditor's Remuneration
RESOLUTION 3 AUDITOR’S REMUNERATION “That the Board be authorised to determine the auditor’s fees and expenses for the coming financial year.” Voting online To vote, click the vote tab and select your preferred option. Once your vote is cast, a tick will appear. There is no submit or send button; yo
Slide 20: Other Business
OTHER BUSINESS PAGE 20 ANNUAL MEETING PRESENTATION 2024
Slide 21: Asking a Question Online
ASKING A QUESTION ONLINE • To ask a question, click on the Q&A icon. • Click on the box, type your question, and press submit. • Your question will be asked at the appropriate part of the meeting. • Please ensure questions are concise, clear, and relevant to the meeting. PAGE 21 ANNUAL MEETING PRESE
Slide 22: This Concludes Synlait's 2024 Annual Meeting
THIS CONCLUDES SYNLAIT’S 2024 ANNUAL MEETING PAGE 22 ANNUAL MEETING PRESENTATION 2024
Slide 23: Disclaimer
DISCLAIMER This presentation is given on behalf of Synlait Milk Limited update this presentation at any time after its release, (Synlait). Information in this presentation: whether as a result of new information, future events or otherwise. • comprises a statement or report made to or for the purpos