Nufarm Limited · ASX:NUF
Nufarm — Corporate Update (March 2014)
8 slides from Nufarm's corporate update, Mar 18, 2014
Slide 1: Australian business review and restructure
For personal use only Australian business review and restructure 18 March 2014
Slide 2: The Case for Change
Australian Business Review The Case for Change For personal use only • We are taking the opportunity to make improvements to the Australian business, while lowering the cost base. • These improvements will ensure our future competitiveness and help protect our market leadership position • The change
Slide 3: The Review Process
Australian Business Review The Review Process For personal use only • We have undertaken a comprehensive review of the Australian business: – Customer facing activities, sales, customer service and marketing – Manufacturing footprint – Supply chain, procurement and logistics functions – Product deve
Slide 4: The Review Process: customer and grower feedback
Australian Business Review The Review Process For personal use only We have actively sought input and feedback from customers and growers to help guide our thinking…. - Direct discussions with customers - Independent feedback via consultants • Strong support for Nufarm and Crop Care brands • Confirm
Slide 5: A strengthened management structure
Australian Business Review Summary of the Changes For personal use only A strengthened management structure – Reduced management layers to speed up decision making and respond more rapidly to customer needs – A stronger link between product development and marketing to enhance innovation – Streamlin
Slide 6: Significant rationalisation of excess manufacturing capacity
Australian Business Review Summary of the Changes For personal use only Significant rationalisation of excess manufacturing capacity – Phased closure of manufacturing sites at Welshpool (WA), and Lytton (QLD) and to reduce synthesis activity at Kwinana (WA). Kwinana plant will be retained. – Laverto
Slide 7: Impact (2 year program)
Australian Business Review Impact of the Changes (2 year program) For personal use only • 2 plants closed (Welshpool and Lytton) and reduced synthesis at (Kwinana) • Review of regional service centre network: Centres retained in key cropping regions; 6 centres closed • Significant net headcount redu
Slide 8: Benefits of the restructure
Australian Business Review Summary For personal use only – Streamlined management structure, more responsive and focused on customer needs – Reduced supply chain complexity and better working capital management – Ensures long term sustainability of manufacturing base 8