Australian Dairy Nutritionals Limited · ASX:AHF
Australian Dairy Nutritionals — Shareholder Meeting (January 2022)
31 slides from Australian Dairy Nutritionals's shareholder meeting presentation, Jan 20, 2022
Slide 1: Growing Local, Going Global
For personal use only Growing Local, Going Global Annual General Meeting of Shareholders 20 January 2022
Slide 2: Agenda
Agenda For personal use only Welcome CEO’s Address Consideration of Items of Business per Notice of Meeting • Item 1: 2021 Annual Report • Resolution 1: Adoption of the Remuneration Report • Resolution 2: Re-election of Director – Martin Bryant • Resolution 3: Re-election of Director – Jason Dong •
Slide 3: Welcome to Shareholders
For personal use only Welcome to Shareholders 3
Slide 4: CEO's Address
For personal use only CEO’s Address 4
Slide 5: FY21 - Another Challenging Year
FY21 - Another Challenging Year FY21 presented a While we continued to operate every week and deliver to For personal use only customers every week, Covid challenges included the following number of challenges • Increased operating costs Management has • Significant and abrupt changes in demand for
Slide 6: FY21 – Key Achievements
FY21 – Key Achievements Successful commercial manufacture of future Gradulac formula For personal use only range (after significant development phase) Completed infant formula building on the Group’s site on Depot Road, Camperdown Continued focus on becoming a vertically Installed infant formu
Slide 7: FY22 Realising our strategy
FY22 Realising our strategy • After several years of investment the Group is now entering the final phase of its vertical integration strategy For personal use only • Focus is now on completing the infant formula project and growing the Group’s domestic and international distribution footprint • Key
Slide 8: New Infant Formula Facility
New Infant Formula Facility • Our new processing plant is located on AHF’s 42,000m2 industrial zoned site in Camperdown, Victoria For personal use only • Outputs will include organic, organic A2 milk powders, premium infant formula and other dairy products • Trials in progress with commercial produc
Slide 9: Launch of our future Gradulac Formula Range
Launch of our future® Gradulac Formula Range • Unique, scientifically developed product range innovation (as far as we know a world first) For personal use only • Premium Formulation: contains both prebiotics and probiotics for infant gut development – Leading the way with probiotics (many brands do
Slide 10: Organic A2 Infant Formula Range
Organic A2 Infant Formula Range • Combines the purity of organic with A2 milk For personal use only • Exclusively sourced from our organic A2 cows which naturally produce only A2 beta casein protein milk • Premium formulation includes Prebiotics & Probiotics • Premium, innovative packaging including
Slide 11: Farms
Farms • Right sized farm portfolio to match future production requirements For personal use only • Proceeds of Ecklin South farm sale used to repay the Group’s bank debt delivering a debt free balance sheet • All 3 farms have achieved organic pasture certification with the last farm’s herd to conver
Slide 12: Leveraging Expertise Across Multiple Business Segments
Leveraging Expertise Across Multiple Business Segments AHF’s value proposition is generated through its fully integrated business model combining ingredient and manufacturing expertise together with a growing portfolio of brand-led and consumer focused products For personal use only High Margin R&D
Slide 13: Business of Meeting
Business of Meeting For personal use only 13
Slide 14: Resolution – Remuneration Report
For personal use only Resolution 1 – Remuneration Report Business of Meeting “That for the purposes of section 250R(2) of the Corporations Act 2001 (Cth), Remuneration Report set out in the Directors’ Report for the financial year ending 30 June 2021 be adopted.” 14
Slide 15: Proxies for Resolution
For personal use only Proxies for Resolution 1 For: 31,463,255 Business Businessof ofMeeting Meeting Against: 5,811,882 Open Useable: 9,038,463 Abstain: 4,129,997 15
Slide 16: Resolution – Re-election of Martin Bryant as Director
For personal use only Resolution 2 – Re-election of Martin Bryant as Director Business of Meeting “That Martin Bryant who, retires from office in accordance with Article 49(b)(i) of the Company’s Constitution and ASX Listing Rule 14.4, and being eligible offers himself for re- election, to be electe
Slide 17: Proxies for Resolution
For personal use only Proxies for Resolution 2 For: 52,313,049 Business Businessof ofMeeting Meeting Against: 3,129,323 Open Useable: 9,028,463 Abstain: 388,147 17
Slide 18: Resolution – Re-election of Director – Jason Dong
For personal use only Resolution 3 – Re-election of Director – Jason Dong Business of Meeting “That Jason Dong who, having been appointed by the Board on 16 April 2021, retires in accordance with Article 49(d) of the Company's Constitution and ASX Listing Rule 14.4, and being eligible offers himself
Slide 19: Proxies for Resolution
For personal use only Proxies for Resolution 3 For: 51,554,108 Business Businessof ofMeeting Meeting Against: 3,281,323 Open Useable: 9,028,463 Abstain: 995,088 19
Slide 20: Resolution – Issue of Performance Rights to Peter Skene
For personal use only Resolution 4 – Issue of Performance Rights to Peter Skene Business of Meeting “That Securityholders approve for the purposes of Listing Rule 10.14, the issue of 3,000,000 Performance Rights under the Company's Incentive Plan to Peter Skene, subject to achievement of specific pe
Slide 21: Proxies for Resolution
For personal use only Proxies for Resolution 4 For: 32,608,958 Business Businessof ofMeeting Meeting Against: 9,465,665 Open Useable: 8,024,732 Abstain: 344,242 21
Slide 22: Resolution – Issue of Performance Rights to Adrian Rowley
For personal use only Resolution 5 – Issue of Performance Rights to Adrian Rowley Business of Meeting “That Securityholders approve for the purposes of Listing Rule 10.14, the issue of 1,000,000 Performance Rights under the Company's Incentive Plan to Martin Bryant, subject to achievement of specifi
Slide 23: Proxies for Resolution
For personal use only Proxies for Resolution 5 For: 25,722,226 Business Businessof ofMeeting Meeting Against: 16,298,166 Open Useable: 8,078,963 Abstain: 344,242 23
Slide 24: Resolution – Issue of Performance Rights to Adrian Rowley
For personal use only Resolution 6 – Issue of Performance Rights to Adrian Rowley Business of Meeting “That Securityholders approve for the purposes of Listing Rule 10.14, the issue of 1,000,000 Performance Rights under the Company's Incentive Plan to Adrian Rowley, subject to achievement of specifi
Slide 25: Proxies for Resolution
For personal use only Proxies for Resolution 6 For: 25,722,226 Business Businessof ofMeeting Meeting Against: 16,298,166 Open Useable: 8,078,963 Abstain: 344,242 25
Slide 26: Resolution – Issue of Performance Rights to Jason Dong
For personal use only Resolution 7 – Issue of Performance Rights to Jason Dong Business of Meeting “That Securityholders approve for the purposes of Listing Rule 10.14, the issue of 1,000,000 Performance Rights under the Company's Incentive Plan to Jason Dong, subject to achievement of specific perf
Slide 27: Proxies for Resolution
For personal use only Proxies for Resolution 7 For: 25,747,901 Business Businessof ofMeeting Meeting Against: 15,692,781 Open Useable: 8,078,963 Abstain: 923,952 27
Slide 28: Resolution – Section Approval
For personal use only Resolution 8 – Section 195 Approval Business of Meeting “That pursuant to and in accordance with section 195(4) of the Corporations Act and for all other purposes, Securityholders approve the transactions contemplated in Resolutions 4 - 7 inclusive.” 28
Slide 29: Proxies for Resolution
For personal use only Proxies for Resolution 8 For: 50,467,531 Business Businessof ofMeeting Meeting Against: 4,836,386 Open Useable: 8,646,810 Abstain: 908,255 29
Slide 30: Questions
For personal use only Questions 30
Slide 31: Thank you
For personal use only Thank you 31
Australian Dairy Nutritionals — Shareholder Meeting (January 2022) on 6ix