Graincorp Limited Class A · ASX:GNC
Graincorp Limited Class A — PAC Partners Agribusiness & Food Conference 2017
12 slides from Graincorp Limited Class A's conference presentation, Apr 28, 2017
Slide 1: ASX announcement cover letter for investor presentation
28 April 2017 The Manager For personal use only Company Announcements Office ASX Limited 20 Bridge Street SYDNEY NSW 2000 GRAINCORP LIMITED: GNC INVESTOR PRESENTATION We attach a presentation to be given this morning by GrainCorp’s Group Chief Financial Officer, Alistair Bell, at the PAC Partners Ag
Slide 2: PAC Partners Agribusiness & Food Conference
PAC Partners Agribusiness & Food Conference 28 April 2017 – Sydney Alistair Bell – Group Chief Financial Officer For personal use only
Slide 3: Disclaimer
Disclaimer For personal use only This presentation includes both information that is historical in character and information that consists of forward looking statements. Forward looking statements are not based on historical facts, but are based on current expectations of future results or events. T
Slide 4: Agenda
Agenda For personal use only “Controlling your destiny” • Global themes driving industry trends • Corporate objectives – effectiveness of diversification • Delivering strategic growth initiatives • Growth and portfolio optimisation 3
Slide 5: Global themes and industry trends in agribusiness and food
Global themes and industry trends in agribusiness and food For personal use only Global themes Global commodity markets operating in disinflationary pricing environment Access to supply and food security Increasing demand for food quality and transparency Fragmenting of mass markets to better meet n
Slide 6: Our corporate objectives aligned with shareholder interests
Our corporate objectives aligned with shareholder interests For personal use only Manage variability Deliver growth Improve returns EARNINGS BY SEGMENT(1) $M EBITDA & NPAT(3) $M RETURN ON EQUITY % Allied FY09 FY16 8 yr avg Annual ROE % Rolling 5yr avg Grains(2) 289 14.4% Oils 256 13.0% 11.2% 10.1%
Slide 7: Effectiveness of diversification
Effectiveness of diversification For personal use only UNDERLYING EBITDA(1) ($M) S&L Marketing (EBITDA) Allied Mills (NPAT) Oils Malt 414 395 350 293 256 235 212 160 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 2H 78 100 177 179 168 127 99 122 1H 82 112 173 235 227 166 136 134 Malt and Oils earnings plat
Slide 8: Strategic priorities
Strategic priorities For personal use only Strategic priorities Outcomes Growth and diversification Deliver on strategic 1 growth initiatives in earnings and cashflow; stronger returns Disciplined approach to Maintain strong credit 2 capital management profile Earnings growth through Growth and port
Slide 9: Delivering strategic growth initiatives
Delivering strategic growth initiatives For personal use only Focus on successful execution of growth projects Oils Oils S&L Malt Marketing Edible Oils network optimisation – Bulk liquid Re-shaping of Malt capacity 50-50 JV in Footscray and Numurkah, Victoria storage capacity country network expansi
Slide 10: Eastern Australia - Winter crop post harvest review
Eastern Australia - Winter crop post harvest review For personal use only Production and receivals • Well above average grain production in eastern Australia with sound quality • ~160 silos operated during harvest with average receivals per site of ~70,000mt; compared to ~180 sites in FY16 with ~40,
Slide 11: Growth & portfolio optimisation
Growth & portfolio optimisation For personal use only • Sale of Allied Mills: – Announced 31 January 2017, completed 31 March 2017 – GrainCorp 60% share of equity value: $190 million(1) – Equates to Allied Mills enterprise value: $455 million(2) • Sale of malt plant in Clingen, Germany (capacity 15,
Slide 12: Questions
For personal use only Questions
GrainCorp — PAC Partners Agribusiness & Food Conference 2017 on 6ix