Ricegrowers Ltd. Class B · ASX:SGLLV
Ricegrowers Ltd. Class B — Shareholder Meeting (August 2010)
29 slides from Ricegrowers Ltd. Class B's shareholder meeting presentation, Aug 27, 2010
Slide 1: 2010 Annual General Meeting
2010 Annual General Meeting 27 August 2010
Slide 2: Chairman's Report
2010 Annual General Meeting Gerry Lawson Chairman’s Chairman s Report 27 A Augustt 2010
Slide 3: CEO Report
2010 Annual General Meeting Gary Helou CEO Report 27 A Augustt 2010
Slide 4: AGM Agenda
AGM Agenda • C2009 Review - Group p highlights g g - Full year results • C2010 R Review i - World rice trade update • Our Future Outlook 4
Slide 5: Australian Paddy Production
Australian Paddy Production 1,744 Paddy Delivered Delivered, ‘000 000 tons 1,381 1,241 1,088 1,040 529 390 305 166 205 19 66 99 00 01 02 03 04 05 06 07 08 09 10 Crop Years 5
Slide 6: C2009 Review
C2009 Review • May 09 – April 10 = 66KT • Local rice production tripled following g C08’s record low of 19KT • Reliance on global sourcing continued 6
Slide 7: C09 Marketing Highlights - Domestic
C09 Marketing Highlights - Domestic • Total volume share of rice category is 69% – SunRice volume share is 56% • Microwave Rice is 18% of total rice category in value – SunRice volume share is 57% • Rice Cakes: SunRice volume share is 55% • Ready-to-Go y Meals: SunRice volume share is 22% * Data is
Slide 8: C09 Marketing Highlights - Domestic
C09 Marketing Highlights - Domestic • Developed and launched 33 new value-added products • Won two 2010 Product of the Year Awards • Continued UNICEF partnership to vaccinate children in the Pacific Islands – UNICEF logo on all branded Aus small packs • New “Put Put the Sun Inside Inside” campaign f
Slide 9: C09 Marketing Highlights - International
C09 Marketing Highlights - International Middle East • Sunwhite maintained strong market share • Value-added initiatives, such as Microwave Rice and Rice C k continued Cakes ti d to t be b rolled ll d out Pacific • Sunwhite and Island Sun remained the onlyy major j brands distributed across 14 count
Slide 10: C09 Operational Highlights
C09 Operational Highlights • Milling - Ongoing process improvements, including i improved d milling illi capacity it and operating systems at SunFoods • Specialty - Specialty Rice Food Plant’s “Superior” AIB rating set a new benchmark • Supply Chain - Continued to leverage global purchasing power 10
Slide 11: C09 Operational Highlights (cont)
C09 Operational Highlights (cont) • Safety and Environment – continued progress in safety andd environmental i t l management systems • Quality – good progress on aligning quality systems across all global sites • Grain Handling – storage of non-rice grains for growers and commercial customers at se
Slide 12: Business Highlights
Business Highlights • Net profit of $11.7 million, a solid performance following last year’s one-off record profit • Revenue of $817 million, down 9% on last year • A fullyy franked dividend of 22.5 cents per p B Class Share • Record paddy price of $550 per tonne paid to growers • Strong performance
Slide 13: Crop C10 Outlook
Crop p C10 Outlook 13
Slide 14: C10 Outlook
C10 Outlook • 205.4 205 4 KT delivered • Challenging international conditions continue: – Global Ending Stocks recovering – California facing a higher carry over C09 crop but below average C10 crop – China remains a low level exporter – Recent Pakistan/China floods – Egypt forecast to re-enter expor
Slide 15: Global Rice Markets: Processed Medium and Long Grain Prices
15 $200 $400 $600 $800 $1,000 $1 200 $1,200 $1,400 Oct 04 Dec 04 Feb 05 Apr 05 Jun 05 Aug 05 Source: Creed Reports Oct 05 Dec 05 Feb 06 Apr 06 Jun 06 Aug 06 Oct 06 Dec 06 Feb 07 FOB Sacramento Apr 07 Medium Grain US No.1 Jun 07 Global Rice Markets: Aug 07 Oct 07 Dec 07 Feb 08 Apr 08 Jun 08 Aug 08 Oc
Slide 16: World Rice Stocks
World Rice Stocks Average Global Consumption > 445 MMT 160 40 140 30 120 n Tons 100 20 % Million 80 10 60 40 0 99/00 00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10e 10/11f Ending g Stocks Stocks-to-use ratio USDA WASDE July 2010 (Milled Basis) 16
Slide 17: C10 Outlook – Brands and Markets
C10 Outlook – Brands and Markets SunRice brands will continue to benefit from: • Effective global procurement • Continued focus on supply chain optimisation p • Continued expansion of our rice food business • Market leadership through product innovation • Investment I t t in i global l b lbbrands, d
Slide 18: Our Future: The World's Favourite Rice Food Company
O Future Our F t We re realising our vision to become … We’re The World’s Favourite Rice Food Company 18
Slide 19: Strong and Growing Table Rice Portfolio
Strong and Growing Table Rice Portfolio 19
Slide 20: Excellence in Promotion & In-store Merchandising
Excellence in Promotion & In-store Merchandising 20
Slide 21: Excellence in Promotion & In-store Merchandising
Excellence in Promotion & In-store Merchandising Left: Pacific Left: Middl E Middle Eastt Below: Below: PNG New Zealand kl kl
Slide 22: Expanded Definition of Rice-Based Snacks
Expanded Definition of Rice Rice-Based Based Snacks Original cakes K L Original cakes Flavoured cakes 22
Slide 23: Exciting Extensions to our Snacks Portfolio
Exciting Extensions to our Snacks Portfolio SunRice Sweet Rice Cakes: SunRice Tumbles: Delicious Tasty snack, new to Australia chocolate in crunchy or classic 23
Slide 24: Rapid Expansion of Ready-to-Eat Meals
Rapid Expansion of Ready-to-Eat Meals R d tto E Ready Eatt Rice Ri Flavoured Rice Heat & Serve Tray Quick Cups 24
Slide 25: Champion Products – Leading the Category
Champion Products – Leading the Category Microwave Meal Line Extension: Best in-class in class Innovation 25
Slide 26: Marketing Channel Innovation
Marketing Channel Innovation • Extending distribution of Ready-To-Go Meals to cover “All–Occasions” • Hospitals • Commercial canteens • Airports • Government institutions • Schools/universities 26
Slide 27: Gaining Recognition as a Major Food Company
Gaining g Recognition g as a Major j Food Company p y Good Food & Wine Show - Sydney 27
Slide 28: Our Brands
Our Brands Brands.... The World World’s s Favourite Rice Food Company 28
Slide 29: 2010 Annual General Meeting
2010 Annual General Meeting 27 August 2010
SunRice (Ricegrowers Limited) — Shareholder Meeting (August 2010) on 6ix