Sanford Limited · NZX:SAN
Sanford — Shareholder Meeting (December 2016)
13 slides from Sanford's shareholder meeting presentation, Dec 14, 2016
Slide 1: Annual Shareholder's Meeting 2016 Chairman's Address
ANNUAL SHAREHOLDER’S MEETING 2016 CHAIRMAN’S ADDRESS 14 DECEMBER 2016
Slide 2: NPAT Increased by 152%
NPAT INCREASED BY 152% $ Million 2015 2016 Revenue 450.3 463.5 Adjusted EBIT 47.5 63.4 Impairment and Restructuring (16.3) (5.6) Interest and Tax (17.3) (23.0) Net Profit After Tax (NPAT) 13.8 34.7 2
Slide 3: 2016 NPAT and EPS Compared with Previous 5 Years
2016 NPAT AND EPS COMPARED WITH PREVIOUS 5 YEARS 3
Slide 4: Dividend to Remain Unchanged
DIVIDEND TO REMAIN UNCHANGED Capital intensive industry Fleet renewal (San Granit) Prudency in borrowing Marginal dividend cover at 1.6 times 4
Slide 5: San Granit
SAN GRANIT SANFORD
Slide 6: Adding Value to Achieve Growth
ADDING VALUE TO ACHIEVE GROWTH Quality Fresh (non-frozen) Innovation SPATnz Precision Seafood Harvesting 6
Slide 7: Global Seafood Production Trend
GLOBAL SEAFOOD PRODUCTION TREND 175 150 Volume 125 Growth 100 75 50 Value Growth 25 0 '98 2000 '02 '04 06 '08 '10 '12 14 Capture Aquaculture Source: FAO 2016 7
Slide 8: Sustainability – Core to Our Existence
SUSTAINABILITY – CORE TO OUR EXISTENCE 8
Slide 9: Other Matters
OTHER MATTERS Kaikoura Earthquake Health and Safety Reduction in Serious Harm Injuries Reduction in actual lost days resulting from Lost Time Incidents 9
Slide 10: Board Committee Structure
BOARD COMMITTEE STRUCTURE Board of Directors Board Committees Health & Audit and Safety and Board People Finance Regulatory Nomination Committee Committee Compliance Committee Committee 10
Slide 11: Overseas Ownership
OVERSEAS OWNERSHIP To be discussed under Resolution 4 11
Slide 12: Sanford's Activities in NZ
SANFORD’S ACTIVITIES IN NZ 12
Slide 13: Thank You
SANFORD THANK YOU