Duxton Farms Limited · ASX:DBF
Duxton Farms — Duxton Broadacre Farms — Shareholder Meeting (November 2021)
22 slides from Duxton Farms's shareholder meeting presentation, Nov 26, 2021
Slide 1: Annual General Meeting Presentation
For personal use only DUXTONBROADACREFARMS ANNUAL GENERAL MEETING PRESENTATION
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 Broadacre Farms Limited [ACN 129 249 243] (“Duxton Broadacre Farms” or “DBF”). The content of this pres
Slide 3: Contents
Contents For personal use only The Team Chairman’s Address Operational Update Resolutions Q&A Contacts DUXTON BROADACRE FARMS AGM PRESENTATION PAGE 3
Slide 4: The Duxton Broadacre Farms Team
The Duxton Broadacre Farms Team For personal use only DBF Board of Directors ED PETER STEPHEN DUERDEN MARK HARVEY WADE DABINETT AMANDA RISCHBIETH KATELYN ADAMS Chairman of the Board Non-Executive Director Independent Director / Independent Director Independent Director Company Secretary Deputy Chair
Slide 5: Today's Agenda
Today’s Agenda For personal use only Items of Business • For Consideration: The Financial Reports of the Directors and Auditors • Resolution One: Adoption of the Remuneration Report • Resolution Two: Re-election of Ed Peter as Director • Resolution Three: Election of Amanda Rischbieth as Director •
Slide 6: Chairman's Address
Chairman’s Address For personal use only Duxton Broadacre Farms (“DBF”) The Company actively manages an aggregation of broadacre farms in Australia. Risk is mitigated and returns are optimised through ownership of water entitlements (securing water supply), through geographic and commodity diversifi
Slide 7: Chairman's Address: The 2020/21 Season
Chairman’s Address For personal use only The 2020/21 Season DBF Historical Production and Yield 45,000 4.5 • DBF experienced excellent growing conditions, with high rainfall 40,000 4.0 and mild temperatures. 35,000 3.5 • Operations Team harvested 60,470 tonnes of winter crop, up 301% from the previo
Slide 8: Chairman's Address: Financial Performance
Chairman’s Address For personal use only Financial Performance Operational Results and Forbes Annual Rainfall Growth of Gross Asset Value and Fair Value NAVPS 20 800 125 2.25 700 Gross Asset Value (millions AUD) 15 600 Fair Value NAVPS 100 2.00 500 Rainfall, mm Millions AUD 10 400 5 300 75 1.75 200
Slide 9: Chairman's Address: Company Outlook
Chairman’s Address For personal use only Company Outlook • The current season has been exceptionally wet, which has created issues around flooding and waterlogging. DBF Hectares Planted of Major Crops • The Operations Team have done a fantastic job of floodproofing Crop 2021/22 2020/21 2019/20 the p
Slide 10: Operational Update
Operational Update For personal use only • Major flooding has occurred in the Lachlan Valley, all staff and livestock are safe and DBF’s farms have not been impacted in any significant manner to date. • Harvest has been mostly delayed due to wet conditions, although indicatively yields look comparab
Slide 11: Today's Agenda
Today’s Agenda For personal use only Items of Business • For Consideration: The Financial Reports of the Directors and Auditors • Resolution One: Adoption of the Remuneration Report • Resolution Two: Re-election of Ed Peter as Director • Resolution Three: Election of Amanda Rischbieth as Director •
Slide 12: For Consideration: The Financial Reports of the Directors and Auditors
For Consideration: The Financial Reports of the Directors and Auditors For personal use only For Consideration The Company’s Annual Report for the period ended 30 June 2021 was released on the 30th of August 2021. The Annual Report is available for download from the Company’s online Investor Centre,
Slide 13: One: Adoption of the Remuneration Report
Resolution One: Adoption of the Remuneration Report For personal use only To consider, and if thought fit to pass, the following resolution as a non-binding resolution: “To adopt the Remuneration Report as contained in the Company’s Annual Financial Report for the financial year ended 30 June 2021 “
Slide 14: Two: Re-Election of Director – Edouard Peter
Resolution Two: Re-Election of Director – Edouard Peter For personal use only To consider, and if thought fit to pass, the following resolution as an ordinary resolution: “Pursuant to Article 49 of the Company’s Constitution and Listing Rule 14.4 and for all other purposes, Ed Peter, who retires by
Slide 15: Three: Election of Director – Amanda Rischbieth
Resolution Three: Election of Director – Amanda Rischbieth For personal use only To consider, and if thought fit to pass, the following resolution as an ordinary resolution: “That, for the purposes of Listing Rule 14.5 and all other purposes, Amanda Rischbieth, who having been appointed as a Directo
Slide 16: Four: Approval of Issue of Equity Securities to Wade Dabinett
Resolution Four: Approval of Issue of Equity Securities to Wade Dabinett For personal use only To consider, and if thought fit to pass, the following resolution as an ordinary resolution: “That, for the purposes of Listing Rule 10.11 and for all other purposes, Shareholders approve the grant of up t
Slide 17: Five: Approval of Issue of Equity Securities to Mark Harvey
Resolution Five: Approval of Issue of Equity Securities to Mark Harvey For personal use only To consider, and if thought fit to pass, the following resolution as an ordinary resolution: “That, for the purposes of Listing Rule 10.11 and for all other purposes, Shareholders approve the grant of up to
Slide 18: Six: Approval of Issue of Equity Securities to Amanda Rischbieth
Resolution Six: Approval of Issue of Equity Securities to Amanda Rischbieth For personal use only To consider, and if thought fit to pass, the following resolution as an ordinary resolution: “That, for the purposes of Listing Rule 10.11 and for all other purposes, Shareholders approve the grant of u
Slide 19: Seven: Approval of Issue of Equity Securities for ASX Listing Rule 7.1A
Resolution Seven: Approval of Issue of Equity Securities for the Purpose of ASX Listing Rule 7.1A For personal use only To consider, and if thought fit to pass, the following resolution as a special resolution: "That, for the purposes of Listing Rule 7.1A and for all other purposes, the issue of Equ
Slide 20: Eight: Change of Company Name
Resolution Eight: Change of Company Name For personal use only To consider, and if thought fit to pass, the following resolution as a special resolution: "That for the purposes of sections 157(1)(a) and 136(2) of the Corporations Act 2001 (Cth) and for all other purposes, approval is given for the n
Slide 21: Contents
Contents For personal use only The Team Chairman’s Address Operational Update Resolutions Q&A Contacts
Slide 22: Key Contacts
Key Contacts For personal use only Bridget Johnson Duxton Capital (Australia) Business Development bridget.johnson@duxtonam.com +61 475 045 434 +61 8 8130 9500 Sam Venning Duxton Capital (Australia) Business Development sam.venning@duxtonam.com +61 432 909 084 +61 8 8130 9533 Will Brennan Duxton Cap
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