Duxton Farms Limited · ASX:DBF
Duxton Farms — Shareholder Meeting (November 2023)
19 slides from Duxton Farms's shareholder meeting presentation, Nov 27, 2023
Slide 1: Duxton Farms FY2023 Annual General Meeting Presentation
For personal use only Duxton Farms FY2023 Annual General Meeting Presentation DUXTON FARMS LTD | NOVEMBER 2023
Slide 2: Disclaimer
Disclaimer For personal use only This presentation was prepared by Duxton Capital (Australia) Pty Ltd [ACN: 164 225 647; AFSL no. 450218] (“DC Australia”) as Investment Manager on behalf of Duxton Farms Limited [ACN 129 249 243] (“Duxton Farms” or “DBF”). The content of this presentation is intended
Slide 3: Contents
Contents For personal use only SLIDE 4 THE TEAM SLIDE 5 THE AGENDA SLIDE 6 CHAIRMAN’S ADDRESS SLIDE 8 OPERATIONAL UPDATE SLIDE 9 OUTLOOK AND STRATEGY SLIDE 11 RESOLUTIONS SLIDE 18 Q&A
Slide 4: The Duxton Farms Team
Duxton Farms FY2023 Annual General Meeting The Duxton Farms Team A HIGHLY EXPERIENCED TEAM WITH A BROAD RANGE OF SKILLS IN AGRIBU SINESS, MIXED FARMING AND INVESTMENT MANAGEMENT Duxton Farms Board For personal use only Ed Peter Mark Harvey Wade Dabinett Stephen Duerden Paul Burke Chairman Deputy Cha
Slide 5: Today's Agenda
Today’s Agenda Items of Business For personal use only • For Consideration: The Financial Reports of the Directors and Auditors • Resolution One: Adoption of the Remuneration Report • Resolution Two: Election of Paul Burke as Director • Resolution Three: Re-election of Ed Peter as Director • Resolut
Slide 6: Chairman's Address: Portfolio Overview
Duxton Farms FY2023 Annual General Meeting Chairman’s Address PORTFOLIO OVERVIEW • Duxton Farms seeks to provide investors with direct exposure to the Australian For personal use only agricultural sector via a portfolio of mixed farming properties. • Duxton Farms is the only ASX-listed integrated fa
Slide 7: Chairman's Address: The 2022/23 Season and Financial Performance
Duxton Farms FY2023 Annual General Meeting Chairman’s Address THE 2022/23 SEASON AND FINANCIAL PERFORMANCE Duxton Farms Historical Production and Yield • Duxton Farms experienced exceptionally challenging growing conditions, with the 30,000 4.0 For personal use only Lachlan Valley having experienced
Slide 8: Operational Update
Duxton Farms FY2023 Annual General Meeting Operational Update REPORT FROM OPERATIONS TEAM • The 2023 season was exceptionally challenging, despite disappointing financial For personal use only results the team are to be commended for their work mitigating the flood. • The Operations Team is in the m
Slide 9: Chairman's Address: Outlook and Strategy
Duxton Farms FY2023 Annual General Meeting Chairman’s Address OUTLOOK AND STRATEGY • The 2024 season is progressing very well, with the Company expecting its first For personal use only season of full production since 2021. • Duxton Farms will be putting its Timberscombe property on the market in or
Slide 10: Today's Agenda
Today’s Agenda Items of Business For personal use only • For Consideration: The Financial Reports of the Directors and Auditors • Resolution One: Adoption of the Remuneration Report • Resolution Two: Election of Paul Burke as Director • Resolution Three: Re-election of Ed Peter as Director • Resolut
Slide 11: Business: Financial Reports of the Directors and Auditors
Duxton Farms FY2023 Annual General Meeting Items of Business FOR CONSIDERATION: THE FINANCIAL REPORTS OF THE DIRECTORS AND AU DITORS The Company’s Annual Report for the period ended 30 June 2023 was released on the For personal use only 31st of August 2023, and sent to those shareholders who request
Slide 12: Resolution One: Adoption of the Remuneration Report
Duxton Farms FY2023 Annual General Meeting Items of Business RESOLUTION ONE: ADOPTION OF THE REMUNERATION REPORT To consider, and if thought fit to pass, the following resolution as a non-binding For personal use only ordinary resolution: “To adopt the Remuneration Report as contained in the Company
Slide 13: Resolution Two: Election of Director Paul Burke
Duxton Farms FY2023 Annual General Meeting Items of Business RESOLUTION TWO: ELECTION OF DIRECTOR PAUL BURKE To consider, and if thought fit to pass, the following resolution as an ordinary For personal use only resolution: “That, for the purposes of Listing Rule 14.5 and all other purposes, Paul Bu
Slide 14: Resolution Three: Re-election of Director Ed Peter
Duxton Farms FY2023 Annual General Meeting Items of Business RESOLUTION THREE: RE-ELECTION OF DIRECTOR ED PETER To consider, and if thought fit to pass, the following resolution as an ordinary For personal use only resolution: “Pursuant to Article 49 of the Company’s Constitution and Listing Rule 14
Slide 15: Resolution Four: Re-election of Director Wade Dabinett
Duxton Farms FY2023 Annual General Meeting Items of Business RESOLUTION FOUR: RE-ELECTION OF DIRECTOR WADE DABINETT To consider, and if thought fit to pass, the following resolution as an ordinary For personal use only resolution: “Pursuant to Article 49 of the Company’s Constitution and Listing Rul
Slide 16: Resolution Five: Approval of Issue of Shares
Duxton Farms FY2023 Annual General Meeting Items of Business RESOLUTION FIVE: APPROVAL OF ISSUE OF SHARES To consider, and if thought fit to pass, the following resolution as an ordinary For personal use only resolution: “That, for the purposes of ASX Listing Rule 7.4 and for all other purposes, app
Slide 17: Resolution Six: Approval of Issue of Equity Securities Under Listing Rule 7.1A
Duxton Farms FY2023 Annual General Meeting Items of Business RESOLUTION SIX: APPROVAL OF ISSUE OF EQUITY SECURITIES FOR THE P URPOSE OF ASX LISTING RULE 7.1A To consider, and if thought fit to pass, the following resolution as a special For personal use only resolution: "That, for the purposes of Li
Slide 18: Thank You / Q&As
For personal use only THANK YOU Q&As DUXTON FARMS LTD | NOVEMBER 2023
Slide 19: Duxton Capital (Australia) contact details
For personal use only Duxton Capital (Australia) Pty Ltd 7 Pomona Road, Stirling SA 5152 +61 8 8130 9500 enquiries@duxtonam.com Sam Venning (Business Development) sam.venning@duxtonam.com Will Brennan (Portfolio Manager) will.brennan@duxtonam.com Caspar Peter (Investment Associate) caspar.peter@duxt