Sanford Limited · NZX:SAN
Sanford — Shareholder Meeting (December 2020)
10 slides from Sanford's shareholder meeting presentation, Dec 16, 2020
Slide 1: Sanford Annual Shareholder Meeting 2020 Chairman's Address
SANFORD ANNUAL SHAREHOLDER MEETING 2020 CHAIRMAN’S ADDRESS 1
Slide 2: 2020 in Retrospect
2020 IN RETROSPECT • Global impact of Covid-19 felt in waves • Tourism downturn, lockdowns and fear impacted foodservice 2
Slide 3: FY20: Results Snapshot
FY20: RESULTS SNAPSHOT Toothfish and impacts of Covid-19 pandemic drove a disappointing result REVENUE ADJUSTED EBIT $469M $38.3M Like-for-Like1 Like-for-Like1 -14% -11 % -41 % -34 % NPAT EPS ANNUAL DIVIDEND $22.4M 24CPS 5CPS -46% -21c No final dividend 1 Excluding the pelagics business which was so
Slide 4: Global Markets and Sales Channels – FY20
GLOBAL MARKETS AND SALES CHANNELS – FY20 Note: channel split figures are estimates and are drawn from 12-month revenue to February 2020 data. Market proportion figures are for FY20. 4
Slide 5: Navigating Turbulent Waters
NAVIGATING TURBULENT WATERS To achieve a return to more robust profitability • Scale of Covid-19 challenge substantial • Global markets remain volatile • Skilled navigation required • Speedy return to improved profitability sought 5
Slide 6: Articulating Our Strategy
ARTICULATING OUR STRATEGY Value creation AND a strong commodity base Getting closer to the consumer and increasing our ability to create value + maintaining our strong commodity base 6
Slide 7: Simplicity and Focus
SIMPLICITY AND FOCUS To achieve a return to more robust profitability Simplicity and focus: • Reflected in clear prioritisation and shared understanding of Sanford’s business across stakeholders • Increased profitability • Risk management • Balance value creation and commodity • Balance investing fo
Slide 8: Valuing Our Relationships
VALUING OUR RELATIONSHIPS Getting closer to customers and consumers Proximity to Customers: • Partnering with our customers • Sales function restructure • Strengthening distributor relationships • Focus on retail • Product diversification 8
Slide 9: Acknowledgements
ACKNOWLEDGEMENTS 9
Slide 10: Acknowledgements
ACKNOWLEDGEMENTS 10