Graincorp Limited Class A · ASX:GNC
Graincorp Limited Class A — Shareholder Meeting (February 2025)
28 slides from Graincorp Limited Class A's shareholder meeting presentation, Feb 13, 2025
Slide 1: Annual General Meeting
Annual General Meeting For the year ending 30 September 2024 13 February 2025 This release has been authorised by the Board of GrainCorp Limited
Slide 2: Disclaimer
Disclaimer This presentation includes both information that is historical in character and information that consists of forward-looking statements. Forward looking statements are based on current expectations of future results or events. The forward-looking statements are subject to risks, stakehold
Slide 3: Acknowledgement of Country
Acknowledgement of Country GrainCorp acknowledges Aboriginal and Torres Strait Islander peoples as the First Peoples of Australia and embraces the spirit of reconciliation, working towards the equality of outcomes and ensuring an equal voice. This artwork was created by Lani Balzan, a proud Aborigin
Slide 4: Board of Directors
Board of Directors Peter Richards Robert Spurway Kathy Grigg AM Nicki Anderson Chairman Managing Director & CEO Non-Executive Director Non-Executive Director (Seeking re-election today) (Retiring today) Clive Stiff Peter Knoblanche John Maher Non-Executive Director Non-Executive Director Non-Executi
Slide 5: Agenda
Agenda Speakers Contents Peter Richards Chairman’s Address Chairman Managing Director & CEO’s Address Business of the AGM Robert Spurway Resolutions Managing Director & CEO Shareholder Questions Poll Voting Meeting closed 5
Slide 6: Chairman's Address
Chairman’s Address Peter Richards
Slide 7: Managing Director & CEO's Address
Managing Director & CEO’s Address Robert Spurway
Slide 8: Health and safety
Health and safety Striving for ‘zero-harm’ Health and safety performance • Improving safety metrics year-on year − Recordable injury frequency rate(1) of 4.8 − Lost time injury frequency rate(2) of 1.9 FY24 focus areas • Review and refresh of Critical Risk Management framework • Psychosocial hazards
Slide 9: FY24 highlights
FY24 highlights Focus on operational efficiency across our value chain Financial metrics Underlying EBITDA(1) Underlying NPAT(2) Core cash $268m (FY24: EBITDA: $246m) $77m (FY24: NPAT: $62m) $337m (FY23: $349m) (FY23: EBITDA: $565m) (FY23: NPAT: $250m) Operating metrics Total grain handled(3) Oilsee
Slide 10: GrainCorp's vision and strategy
GrainCorp’s vision and strategy Refreshed strategy to deliver sustainable growth 10
Slide 11: Our strategy in action
Our strategy in action Positioning GrainCorp for success today and into the future Enhance • Delivered record oilseed crush volumes of 540kmt Driving returns from our • Progressed ports strategy to increase utilisation and integrated footprint of margin profile for non-grain products infrastructure
Slide 12: Sustainability
Sustainability An integral part of maximising long-term shareholder value Our environment 5% reduction in emissions per Developed SBTi(1) Launched Environment tonne from targets GrainCorp Next GrainCorp’s material sustainability topics Climate processing sites Sustainable agriculture and nature Comp
Slide 13: Harvest update
Harvest update Strong production in northern ECA; southern regions more challenged • Above average yields in Queensland and New South Wales in contrast to lower production in Victoria • ABARES December estimates for 2024-25(1): • Total ECA winter crop: 30.0mmt (2023-24: 23.8mmt) • ECA summer (sorghu
Slide 14: Outlook
Outlook Strategic asset base and strong balance sheet provides opportunities in constrained margin environment FY25 grain volume assumptions (mmt) FY25 earnings guidance Carry-in (at 1 Oct 2024) 2.5 • Underlying EBITDA of $270-320 million Receivals 13.0-14.0 • Underlying NPAT of $60-95 million Domes
Slide 15: Business of the AGM
Business of the AGM
Slide 16: Business of the AGM
Business of the AGM For consideration Item 1: Consideration of Financial Statements and Reports Ordinary resolutions Item 2: Adoption of the Remuneration Report Item 3a: Re-election of Mr Peter Richards Item 3b: Re-election of Mr Clive Stiff Item 4: FY25 Grant of Performance Rights to the Managing D
Slide 17: Item 1 Consideration of the Financial Statement and Reports
Item 1 Consideration of the Financial Statement and Reports To receive and consider the financial report (which includes the financial statements and the Directors’ Report and Auditor’s Report) for GrainCorp for the financial year ended 30 September 2024. Note: No resolution is required for this ite
Slide 18: Item 2 Adoption of the Remuneration Report
Item 2 Adoption of the Remuneration Report To consider and, if thought appropriate, pass the following resolution as an ordinary resolution: “That, for the purposes of section 250R(2) of the Corporations Act and for all other purposes, the Remuneration Report (which forms part of the Directors’ Repo
Slide 19: Item 2 Adoption of the Remuneration Report
Item 2 Adoption of the Remuneration Report Proxy and direct votes – Item 2: FOR OPEN AGAINST TOTAL Votes 141,115,990 328,828 3,851,174 145,295,992 % vote 97.1% 0.2% 2.7% 65.5% of issued capital The Chairman of the Meeting will be voting all open proxies in favour of the resolution 19
Slide 20: Item 3a Re-election of Mr Peter Richards
Item 3a Re-election of Mr Peter Richards To consider and, if thought appropriate, pass the following resolution as an ordinary resolution: “That, for the purposes of ASX Listing Rules 14.4 and 14.5, article 11.3(a) of the Constitution and for all other purposes, Mr Peter Richards, retiring by rotati
Slide 21: Item 3a Re-election of Mr Peter Richards
Item 3a Re-election of Mr Peter Richards Proxy and direct votes – Item 3a: FOR OPEN AGAINST TOTAL Votes 93,915,874 335,274 52,314,207 146,565,355 % vote 64.1% 0.2% 35.7% 66.1% of issued capital The Chairman of the Meeting will be voting all open proxies in favour of the resolution 21
Slide 22: Item 3b Re-election of Mr Clive Stiff
Item 3b Re-election of Mr Clive Stiff To consider and, if thought appropriate, pass the following resolution as an 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 Clive Stiff, retiring by rotation in accordance
Slide 23: Item 3b Re-election of Mr Clive Stiff
Item 3b Re-election of Mr Clive Stiff Proxy and direct votes – Item 3b: FOR OPEN AGAINST TOTAL Votes 145,532,627 335,802 696,617 146,565,046 % vote 99.3% 0.2% 0.5% 66.1% of issued capital The Chairman of the Meeting will be voting all open proxies in favour of the resolution 23
Slide 24: Item 4 Grant of performance rights to Managing Director & CEO
Item 4 Grant of performance rights to Managing Director & CEO To consider and, if thought appropriate, pass the following resolution as an ordinary resolution: “That, for the purpose of ASX Listing Rule 10.14 and for all other purposes, approval be given to grant 142,579 performance rights under the
Slide 25: Item 4 Grant of performance rights to Managing Director & CEO
Item 4 Grant of performance rights to Managing Director & CEO Proxy and direct votes – Item 4: FOR OPEN AGAINST TOTAL Votes 137,456,819 323,462 7,891,613 145,671,894 % vote 94.4% 0.2% 5.4% 65.7% of issued capital The Chairman of the Meeting will be voting all open proxies in favour of the resolution
Slide 26: Poll voting
iL 42 Poll votin "ull Hf i li.
Slide 27: Meeting closed
Meeting closed
Slide 28: GrainCorp Limited
GrainCorp Limited Level 20, Tower 2, International Towers 200 Barangaroo Avenue Barangaroo NSW 2000 graincorp.com.au