Nufarm Limited · ASX:NUF

Nufarm — 1H 2002 Earnings Presentation

21 slides from Nufarm's earnings presentation, March 2002

  1. Slide 1: Interim Results

    Interim Results 6 months to January 31, 2002 Doug Rathbone Managing Director 03-02 Interim

  2. Slide 2: Headline Results

    Headline Results 1H 2002 1H 2001 $m $m Operating profit 5.6 8.2 Group Sales 555.6 567.8 Crop Protection Sales 373.8 / 67% 373.9 / 66% Pre tax profit 9.9 11.3 Industrial, Fine & Performance Sales 181.8 / 33% 194.6 / 34% Pre tax profit 13.0 10.7 Gross margin on total sales 46% 42%

  3. Slide 3: Seasonality of earnings

    Seasonality of earnings Key cropping seasons - planting period Australia: Cereals Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr

  4. Slide 4: Seasonality of earnings

    Seasonality of earnings Key cropping seasons - planting period North America: Canola Small grains Corn Soybeans Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr

  5. Slide 5: Seasonality of earnings

    Seasonality of earnings Key cropping seasons - planting period Europe: Small grains Corn Sunflowers Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr

  6. Slide 6: Seasonality of earnings

    Seasonality of earnings Key cropping seasons - planting period Combined: Australia North America Europe Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr

  7. Slide 7: Seasonality of earnings

    Seasonality of earnings Key Planting Period Group Sales Gross Margin Total Expenses Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr

  8. Slide 8: Changing face of the business

    Changing face of the business ƒ Sale of construction chemicals ƒ Sale of timber treatment ƒ Acquisition of Agtrol ƒ Doubling of US crop protection sales

  9. Slide 9: Changing face of the business

    Changing face of the business 2000 2002 20% 40% 60% 80% Crop Protection Industrial, Fine & Performance chemicals

  10. Slide 10: Changing face of the business

    Changing face of the business ƒ Monsanto/'Roundup' deal ƒ Portfolio expansion ƒ New opportunities

  11. Slide 11: First half highlights

    First half highlights ƒ Improvement in Australasian crop protection ƒ Growth in North America ƒ Insecticides deal with Excel ƒ Turnaround of SEAC

  12. Slide 12: Negative impact in first half

    Negative impact in first half ƒ Lower sales in France ƒ Impact of Agtrol / US related costs ƒ Lobeco ƒ Working capital position at half year

  13. Slide 13: Profit review

    Profit review Reported Profit 2001 12.6 LESS non-operating profit 4.4 8.2 ADD SulFer Works Losses 2.0 LESS Timber Protection (2.8) 7.3 Impact of increased USA costs net of Agtrol gross margin (6.0) 1.3 Increased Ag results 4.2 Increased Industrial/Fine Chemicals results 2.7 Increased Central costs (

  14. Slide 14: Profit review

    Profit review Ag Chemical Result ƒ Australasia Ï ƒ Asia Î ƒ Europe Ð ƒ North America Ï Industrial/Fine Chemical Result ƒ SEAC Ï ƒ Chlor Alkali Ï ƒ Lobeco Ð ƒ Australia Î ƒ New Zealand Ï

  15. Slide 15: Working capital

    Working capital Receivables ƒ Marginal increase excluding currency impact Inventories ƒ Methyls inventory up ƒ Higher sales second half 2002 ƒ No Agtrol in January 2001

  16. Slide 16: Cash flow

    Cash flow Operating cash flow ƒ Receipts stable ƒ Increased supplier payments for inventory Investment cash flow ƒ New Zealand Capital Notes issue

  17. Slide 17: Outlook for full year

    Outlook for full year ) Forecast of double digit profit growth ƒ Australasian crop protection ƒ Increased profit contribution - Europe ƒ Increased profit contribution - North America ƒ SEAC

  18. Slide 18: 2003 & Beyond

    2003 & Beyond ) Continued growth in profitability ) Continued focus on crop protection ƒ Monsanto / 'Roundup' deal ƒ Portfolio expansion ƒ Geographic opportunities ƒ New product introductions

  19. Slide 19: 2003 & Beyond: 'Roundup' deal (Australia/NZ)

    2003 & Beyond 'Roundup' deal (Australia/NZ) ƒ Outright acquisition of selective chemistry ƒ Exclusive distribution rights for 'Roundup' brand ƒ Strong position with market's no. 1 product ƒ 'Roundup Ready' chemistry position for GM crops ƒ Efficiencies / cost savings ƒ Reflects Nufarm's perceived po

  20. Slide 20: 2003 & Beyond: New product introductions

    2003 & Beyond New product introductions Herbicides ƒ 'Emblem' (bromoxynil) USA/Canada ƒ 2,4-D branded products Brazil ƒ MCPA tech and branded Brazil ƒ Opticals Global ƒ Butyrics Global 2 insecticide product launches Global

  21. Slide 21: Slide 21

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