Ridley Corporation Limited · ASX:RIC
Ridley — Shareholder Meeting (November 2011)
21 slides from Ridley's shareholder meeting presentation, Nov 22, 2011
Slide 1: 2011 Annual General Meeting
Ridley RidleyCorporation Corporation For personal use only 2011 ANNUAL GENERAL MEETING 22 November 2011
Slide 2: 2010 rainfall in 100 year context
2010 rainfall in 100 year context For personal use only Source: IRESS 1
Slide 3: Total Shareholder Return - from 1 Nov 2009
Total Shareholder Return - from 1 Nov 2009 For personal use only $1.80 $1.60 $1.40 25% $1.20 10% 5% $1.00 3% $0.80 $0.60 Ridley TSR Ridley Share Price $0.40 ASX 200 Accum. Index (based to Ridley) Small Ords Accum. Index (based to Ridley) Source: IRESS $0.20 $- 2
Slide 4: Financial Highlights
Financial Highlights For personal use only Result FY09 FY10 FY11 Base level for earnings established for a year of Sales Revenue 819.4 728.0 723.7 climatic extremes AgriProducts result of EBIT – Ridley 24.4 29.0 24.9 $24.9m, including $2.6m AgriProducts from Camilleri EBIT - Cheetham 12.9 16.8 1
Slide 5: Camilleri Stockfeeds
Camilleri Stockfeeds For personal use only Hawkesbury River 65km from Sydney CBD 65 acre site with 10kt storage Adjacent sand quarry capacity and room to expand 4
Slide 6: Property
Property For personal use only Strategy remains unchanged - Avalon to unlock the Lara airstrip potential value Site of land close to urban centres Melbourne and surplus to ~60kms operating requirements Corio Bay Moolap Site Geelong 5
Slide 7: Safety
Safety For personal use only Rigorous monitoring and reporting of, and accountability for, safety performance 30% reduction in the rate of incidents & in serious injury frequency rate Safety a core value and culture to foster at Ridley, starting at the Board and executive management level Th
Slide 8: People and diversity
People and diversity For personal use only 44 sites and over 800 employees in Australia, New Zealand, Indonesia and Japan in diverse and often remote working environments Diversity Policy and Paid Parental Leave Policy introduced to complement Government scheme and drive equal opportunity New
Slide 9: Strategic priorities
Strategic priorities For personal use only Strategic priorities announced in August 2011: 1. Agribusiness consolidation 2. Asian expansion 3. Feedstock operational improvement 4. Property redevelopment 8
Slide 10: Agribusiness Consolidation
Agribusiness Consolidation For personal use only Continue to pursue bolt-on opportunities with the right fundamentals Actively participate in sector consolidation by securing long term supply chain or otherwise complementary businesses Maintain the discipline on acquisition metrics Broaden t
Slide 11: Asian Expansion
Asian Expansion For personal use only Expand into Asia through preferred entry point of Indonesia Establish commercial scale production salt field in partnership with Indonesian Government and with Australian salt quality attributes Important long term salt growth opportunity 10
Slide 12: Feedstock Operational Improvement
Feedstock Operational Improvement For personal use only Uplift operational performance to new levels: Construction of new low cost, state of the art, ruminant mill on existing site at Pakenham Closure of Dandenong mill Divestment of Corowa mill Consolidation of Supplements business: Acqu
Slide 13: Property Redevelopment
Property Redevelopment For personal use only Undertake feasibility studies for Lara and Moolap salt fields which are no longer required for salt production Review long term future for Bowen salt field 12
Slide 14: Outlook
Outlook For personal use only Effectively manage the risks to 2012 profit arising from 2011 events: Higher unit cost of salt Overstocking of certain stockfeed products Continued abundance of pasture Low seawater temperatures in Tasmania Falling raw materials prices Recover operational
Slide 15: Summary
Summary For personal use only Partner the recovery in dairy sector driven by milk prices and the growth in consumer demand for poultry Provide cost effective nutrition solutions across all trading sectors Improve mill efficiency through higher poultry volumes driven by bird numbers Maintain
Slide 16: Ridley Corporation: A compelling proposition
Ridley Corporation For personal use only A compelling proposition 15
Slide 17: Resolution
Resolution 2 For personal use only PERCENTAGE OF PERCENTAGE OF INSTRUCTION NUMBER PROXIES ALL ISSUED LODGED SECURITIES FOR 130,724,552 64.02% 42.47% AGAINST 4,790,370 2.35% 1.56% OPEN - 68,657,869 33.63% 22.30% CONDITIONAL ABSTAIN 1,349,315 - 0.44% EXCLUDED AND 2,059,863 - 0.66% UNUSABLE TOTAL 207,5
Slide 18: Resolution 3(i)
Resolution 3(i) For personal use only PERCENTAGE OF PERCENTAGE OF INSTRUCTION NUMBER PROXIES ALL ISSUED LODGED SECURITIES FOR 128,040,134 61.79% 41.60% AGAINST 1,098,161 0.53% 0.36% OPEN - USABLE 78,078,871 37.68% 25.37% ABSTAIN 364,803 N/A 0.12% EXCLUDED AND - N/A - UNUSABLE TOTAL 207,581,969 100.0
Slide 19: Resolution 3(ii)
Resolution 3(ii) For personal use only PERCENTAGE OF PERCENTAGE OF INSTRUCTION NUMBER PROXIES ALL ISSUED LODGED SECURITIES FOR 127,819,772 61.66% 41.52% AGAINST 1,392,508 0.67% 0.45% OPEN - USABLE 78,080,818 37.67% 25.37% ABSTAIN 288,871 N/A 0.09% EXCLUDED AND - N/A 0% UNUSABLE TOTAL 207,581,969 100
Slide 20: Resolution
Resolution 4 For personal use only PERCENTAGE OF PERCENTAGE OF INSTRUCTION NUMBER PROXIES ALL ISSUED LODGED SECURITIES FOR 122,202,441 59.80% 39.70% AGAINST 5,272,823 2.58% 1.71% OPEN - USABLE 8,245,646 4.04% 2.68% OPEN - 68,601,910 33.58% 22.29% CONDITIONAL ABSTAIN 1,200,908 N/A 0.39% EXCLUDED AND
Slide 21: Resolution
Resolution 5 For personal use only PERCENTAGE OF PERCENTAGE OF INSTRUCTION NUMBER PROXIES ALL ISSUED LODGED SECURITIES FOR 125,958,169 61.03% 40.92% AGAINST 2,462,356 1.19% 0.80% OPEN - USABLE 77,988,205 37.78% 25.34% OPEN - - 0.00% CONDITIONAL ABSTAIN 1,173,239 N/A 0.38% EXCLUDED AND - N/A 0.00% UN