Graincorp Limited Class A · ASX:GNC
Graincorp Limited Class A — Shareholder Meeting (December 2014)
32 slides from Graincorp Limited Class A's shareholder meeting presentation, Dec 18, 2014
Slide 1: FY14 Annual General Meeting
FY14 Annual General Meeting 18 December 2014 For personal use only
Slide 2: Disclaimer
Disclaimer For personal use only 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. T
Slide 3: Agenda
Agenda For personal use only 1. Chairman’s Address (Mr. Don Taylor) 2. Business of the Annual General Meeting (Mr. Don Taylor) • Resolutions • Shareholder Questions • Poll Voting 3. CEO’s Presentation (Mr. Mark Palmquist) 4. Results of Polls (Mr. Don Taylor) 5. Meeting Closed (Mr. Don Taylor) 3
Slide 4: Chairman's Address
Chairman’s Address Mr. Don Taylor For personal use only
Slide 5: Business of the AGM
Business of the AGM Slides 6 – 21: Procedural Instructions & Voting Mr. Don Taylor For personal use only
Slide 6: Business of the AGM
Business of the AGM For personal use only For Consideration 1 Consideration of Financial Statements and Reports Ordinary Resolutions 2 Adoption of the Remuneration Report 3 Increase to Non-executive Directors’ Fee Pool 4 4 Election of Directors 4.1 Re-election of Ms. Barbara Gibson 4.2 Re-election o
Slide 7: Voting Cards & Visitors
Voting Cards & Visitors For personal use only GrainCorp Limited GrainCorp Limited Annual General Meeting Annual General Meeting 18 December, 2014 18 December, 2014 Non-Voting Shareholder Admission Card SHAREHOLDER/PROXYHOLDER Sample Only ADMISSION/VOTING CARD As a non-voting Shareholder you are remi
Slide 8: Consideration of the Financial Statements and Reports
Consideration of the Financial Statements and Reports For personal use only To receive and consider the Financial Statements and the Reports of the Directors and Auditor for the year ended 30 September 2014. 8
Slide 9: Adoption of the Remuneration Report
Adoption of the Remuneration Report For personal use only To consider and, if thought appropriate, pass the following ordinary resolution: “That the Remuneration Report (which forms part of the Directors’ Report) of GrainCorp Limited for the financial year ended 30 September 2014 set out on pages 22
Slide 10: Proxy & Direct Votes
Proxy & Direct Votes For personal use only Adoption of the Remuneration Report PROXY & DIRECT FOR OPEN AGAINST TOTAL VOTES Item 2 153,873,942 596,523 5,953,873 160,424,338 % vote 95.9% 0.4% 3.7% 70.1% The Chairman of the Meeting will be voting open proxies in favour of the resolution. 10
Slide 11: Increase to Non-executive Directors' Fee Pool
Increase to Non-executive Directors’ Fee Pool For personal use only To consider and, if thought appropriate, pass the following ordinary resolution: “That for purposes of ASX Listing Rule 10.17, the aggregate fee pool for the Non-executive Directors of GrainCorp Limited by increased to $2.0 million.
Slide 12: Proxy & Direct Votes
Proxy & Direct Votes Increase to Non-executive Directors’ Fee Pool For personal use only PROXY & DIRECT FOR OPEN AGAINST TOTAL VOTES Item 3 158,282,353 603,545 1,493,240 160,379,138 % vote 98.7% 0.4% 0.9% 70.1% The Chairman of the Meeting will be voting open proxies in favour of the resolution. 12
Slide 13: Re-Election of Directors
Re-Election of Directors For personal use only
Slide 14: Re-Election of Directors
Re-Election of Directors For personal use only 4.1) To consider and, if thought appropriate, pass the following ordinary resolution: “That for the purposes of ASX Listing Rule 14.4, article 11.3(a) of the Constitution and for all other purposes, Ms. Barbara Gibson, retiring by rotation, being eligib
Slide 15: Proxy & Direct Votes
Proxy & Direct Votes For personal use only Re-election of Director – Ms. Barbara Gibson PROXY & DIRECT FOR OPEN AGAINST TOTAL VOTES Item 4.1 154,329,643 627,802 5,436,490 160,393,935 % vote 96.2% 0.4% 3.4% 70.1% The Chairman of the Meeting will be voting open proxies in favour of the resolution. 15
Slide 16: Re-Election of Directors
Re-Election of Directors For personal use only 4.2) To consider and, if thought appropriate, pass the following ordinary resolution: “That for the purposes of ASX Listing Rule 14.4, article 11.3(a) of the Constitution and for all other purposes, Mr. Daniel Mangelsdorf , retiring by rotation, being e
Slide 17: Proxy & Direct Votes
Proxy & Direct Votes For personal use only Re-election of Director – Mr. Daniel Mangelsdorf PROXY & DIRECT FOR OPEN AGAINST TOTAL VOTES Item 4.2 156,118,517 642,913 3,646,793 160,408,223 % vote 97.3% 0.4% 2.3% 70.1 The Chairman of the Meeting will be voting open proxies in favour of the resolution.
Slide 18: Election of Director
Election of Director For personal use only 4.3) To consider and, if thought appropriate, pass the following ordinary resolution: “That for the purposes of ASX Listing Rule 14.4, article 11.3(c) of the Constitution and for all other purposes, Ms. Rebecca Dee-Bradbury, appointed on 29 September 2014,
Slide 19: Proxy & Direct Votes
Proxy & Direct Votes For personal use only Election of Director – Ms. Rebecca Dee-Bradbury PROXY & DIRECT FOR OPEN AGAINST TOTAL VOTES Item 4.3 159,223,997 618,107 532,630 160,374,734 % vote 99.3% 0.4% 0.3% 70.1% The Chairman of the Meeting will be voting open proxies in favour of the resolution. 19
Slide 20: Poll Voting
Poll Voting For personal use only GrainCorp Limited Annual General Meeting 18 December, 2014 SHAREHOLDER/PROXYHOLDER ADMISSION/VOTING CARD Sample Only POLL VOTING In a poll, please mark a box below to indicate your voting intention. Ordinary Resolutions For Against Abstain Resolution 2 Adoption of t
Slide 21: CEO Presentation
CEO Presentation Mr. Mark Palmquist For personal use only
Slide 22: CEO Presentation
CEO Presentation For personal use only 1 2 First FY15 Impressions Outlook 3 4 Near-term Strategic Focus Outlook 22
Slide 23: Strong platform created through good decisions and focus on corporate objectives
Strong platform created though good decisions and focus on corporate objectives For personal use only Manage variability Deliver growth Improve returns EBITDA by segment(1) $M EBITDA and NPAT(2) $M Return on Equity % FY09 FY14 6yr Avg FY09Malt Annual ROE % 0% Allied 304 13% 293 Rolling 5 yr avg ROE
Slide 24: FY15 outlook is challenging for grains businesses
FY15 outlook is challenging for grains businesses For personal use only Storage & Logistics Oils • Eastern Australian crop production estimate of • High capacity utilisation for crushing 15.6mmt(1) is below normal • Refining volumes stabilising • Grain carry-in of 1.9mmt • Consistently high capacity
Slide 25: Near-term focus
Near-term focus For personal use only Strategic initiatives • Delivering the program of strategic initiatives previously announced • Project Regeneration fundamental to long-term performance of Storage & Logistics • Flexibility to refine the plan if necessary and enhance capabilities further Capital
Slide 26: Significant program of strategic initiatives across the business
Significant program of strategic initiatives across the business For personal use only Storage & Logistics Marketing Malt Oils Customer Operations Network service Customer excellence footprint focussed growth Network Liquid Initiatives Non-grain rationalisation Global model terminals opportunities a
Slide 27: Grains businesses initiatives
Grains businesses initiatives For personal use only Project Regeneration on track Storage & Logistics • Network rationalisation and revitalisation • Port flexibility – Code of Conduct • Improving customer service • Non-grain opportunities Strathmore (Canada) container packing facility established Ma
Slide 28: Processing businesses initiatives
Processing businesses initiatives For personal use only Achieving efficiencies across the group Malt • Operations excellence • Niche market growth • Global model Oils Liquid terminal projects on track • Network footprint • Liquid terminals expansions • Integration 28
Slide 29: Strategic outlook
Strategic outlook For personal use only Strong fundamentals through the cycle Well positioned along the grain chain Enhance our capabilities and explore opportunities to build further on our model 29
Slide 30: Results of Polls
Results of Polls Mr. Don Taylor For personal use only
Slide 31: Meeting Closed
For personal use only Meeting Closed
Slide 32: FY14 Annual General Meeting
FY14 Annual General Meeting 18 December, 2014 For personal use only