Prl Global Ltd · ASX:PRG
Prl Global — Shareholder Meeting (November 2023)
23 slides from Prl Global's shareholder meeting presentation, Nov 22, 2023
Slide 1: Annual General Meeting & Company Update
1 Annual General Meeting & Company Update 22 November 2023 PRL Group is incorporated as CI Resources Limited | ASX:CII
Slide 2: Agenda
2 PRL Group is incorporated as CI Resources Limited | ASX:CII Agenda 1. Meeting Open / Welcome 2. Housekeeping 3. Chairman’s Address & Presentation 4. Resolutions 5. Q&A 6. Close
Slide 3: Board of Directors
PRL Group is incorporated as CI Resources Limited | ASX:CII Board of Directors Mr David Somerville Mr Lai Ah Hong Chairman Managing Director Mr Tee Lip Jen Mr Adrian Gurgone Executive Director Executive Director Dato’ Sri Tee Lip Sin Mr Ong Keng Siew Director Director Ms Tee Chain Yee (Alternate dir
Slide 4: Chairman's Address & Presentation
PRL Group is incorporated as CI Resources Limited | ASX:CII Chairman’s Address & Presentation
Slide 5: Group Structure
Group Structure * Logistics business unit formed on 1 July 2021 with the acquisition of Kemoil. † Renewable Energy initiatives such as solar are planned to be included into a PRL Energy entity. ‡ Island development initiatives such as tourism and eco-adventure are planned to be separated into a new
Slide 6: FY2023 Highlights
FY2023 Highlights Robust FY23 financial results and performance reflected the growing and outperforming Logistics segment. Fertiliser segment experienced difficult production circumstances leading to production challenges, negatively impacting phosphate and fertiliser sales volumes. This propo
Slide 7: FY2023 Highlights: Revenue Growth and Mix
FY2023 Highlights Revenue Growth $M Revenue Mix 2022/23 Revenue YoY Change 2022/23 $M 1,200 1,400 1,300 +114% 1,000 4% 3% 1,200 1,151 15% 1,100 800 1,000 600 900 $1.15B 800 400 700 600 539 200 78% 500 0 400 2019 2020 2021 2022 2023 2021/22 Revenue 2022/23 Revenue Fertiliser growth Other growth Logis
Slide 8: FY2023 Highlights: Earnings Growth and Mix
FY2023 Highlights Earnings Growth $M Earnings Mix 2022/23 30 2% 25 5% 20 15 36% $25.2m 57% 10 5 0 2019 2020 2021 2022 2023 -5 Logistics Fertiliser Farming Other Logistics Earnings Other Earnings Farming Earnings Fertiliser Earnings
Slide 9: FY2023 Highlights - Diversification Strategy
FY2023 Highlights - Diversification Strategy Diversification strategy via investments on Christmas Island and abroad to benefit the Christmas Island economy / community and the Group’s employees / shareholders was implemented in FY23 via: Malaysian Downstream Warehousing Strategy Vertical Integratio
Slide 10: FY2023 Business Segment Performance
FY2023 Business Segment Performance Logistics Agri-Business Energy Island Development Fertilisers Liven Nutrients delivered Continued to perform, Engaged with the Northern $9m earnings contributions Green Space Tech, an over 900,000t of contributing to positive Australian Infrastructure to
Slide 11: Sustainability
11 Sustainability Transitioned sustainability initiatives to align more closely with the emerging global Environmental, Social and Governance (ESG) initiatives and frameworks ESG Committee formed, chaired by Executive Director with members coming from across the business Committee’s focus is o
Slide 12: Sale of Malaysian Palm Oil Subsidiary
12 Sale of Malaysian Palm Oil Subsidiary RM$155m (A$51.5m) sale of wholly-owned Phosphate Resources’ Malaysian-based palm oil business, Cheekah-Kemayan Plantations Sdn Bhd, to Prosper Trading Sdn Bhd. Provides non-dilutive funding to: diversify into further investments, and strengthen existi
Slide 13: Proposed Change of Name
13 Proposed Change of Name Seeking to change its name from CI Resources to PRL Global Ltd to reflect both the Group’s origins as Phosphate Resources Ltd - a company founded by the community of Christmas Island in 1990 - and the Group’s continuing global expansion. Despite this focus on diversifi
Slide 14: Looking ahead to FY24
14 Looking ahead to FY24 Continuing to successfully implement diversification strategy in best interests of shareholders & stakeholders. Logistics segment on the back of continuing strong market conditions and opportunities expected to continue to perform strongly into FY24. Fertiliser segment
Slide 15: Resolutions
PRL Group is incorporated as CI Resources Limited | ASX:CII Resolutions
Slide 16: Resolution 1: Adoption of Remuneration Report
Resolution 1 Adoption of Remuneration Report To consider and, if thought fit, to pass, with or without amendment, the following resolution as a non- binding resolution: “That, for the purpose of Section 250R(2) of the Corporations Act 2001 and for all other purposes, approval is given for the adopti
Slide 17: Resolution 2: Disposal of Substantial Asset
Resolution 2 Disposal of Substantial Asset to a Substantial Shareholder To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: “That, for the purposes of Chapter 2E of the Corporations Act, of ASX Listing Rule 10.1 and for all other p
Slide 18: Resolution 3: Election of Director Keng Siew Ong
Resolution 3 Election of Director – Mr Keng Siew Ong To consider, and if thought fit, pass, with or without amendments, the following as an ordinary resolution: "That, for the purposes of clause 13.4 of the Constitution, ASX Listing Rule 14.4 and for all other purposes, Mr Keng Siew Ong, a Director
Slide 19: Resolution 4: Election of Director Ramanathan Krishnan
Resolution 4 Election of Director – Mr Ramanathan Krishnan To consider, and if thought fit, pass, with or without amendments, the following as an ordinary resolution: "That, pursuant to and in accordance with the Company’s Constitution clause 13.3 and for all other purposes, Mr Ramanathan Krishnan,
Slide 20: Resolution 5: Re-election of Dato' Sri Tee Lip Sin
Resolution 5 Re-election of Director – Dato’ Sri Tee Lip Sin To consider, and if thought fit, pass, with or without amendments, the following as an ordinary resolution: "That, for the purposes of clause 13.2 of the Constitution, ASX Listing Rule 14.4 and for all other purposes, Dato’ Sri Tee Lip Sin
Slide 21: Resolution 6: Re-election of Adrian Gurgone
Resolution 6 Re-election of Director – Adrian Joseph Anthony Gurgone To consider, and if thought fit, pass, with or without amendments, the following as an ordinary resolution: "That, for the purposes of clause 13.2 of the Constitution, ASX Listing Rule 14.4 and for all other purposes, Mr Adrian Jos
Slide 22: Resolution 7: Change of Company Name
Resolution 7 Change of Company Name To consider and, if thought fit, to pass the following resolution as a special resolution: “That, for the purposes of section 157(1)(a) of the Corporations Act and for all other purposes, approval is given for the name of the Company to be changed to PRL Global Lt
Slide 23: Q&A Formal Meeting Close
Q&A Formal Meeting Close