Qaf Ltd. · SGX:Q01
Qaf — AgriFood Conference Day, Sydney 2017
23 slides from Qaf's conference presentation, Jun 22, 2017
Slide 1: Rivalea Presentation for AgriFood Conference Day in Sydney
General Announcement::Rivalea Presentation for AgriFood Conference Day in Sydney, Australia Issuer & Securities Issuer/ Manager QAF LIMITED Securities QAF LTD SG1A49000759 Q01 Stapled Security No Announcement Details Announcement Title General Announcement Date & Time of Broadcast 22Jun2017 07
Slide 2: June 2017
June 2017 STRICTLY PRIVATE & CONFIDENTIAL
Slide 3: Important notice and disclaimer
Important notice and disclaimer This presentation has been prepared by Hamsdale Australia Pty Ltd (ACN 097 393 112) (Rivalea Australia). This presentation contains summary information about Rivalea Australia and its activities. The information in this presentation is of a general nature and does not
Slide 4: Rivalea Highlights
Rivalea Highlights One of Australia’s leading vertically integrated pork producers A leading pork producer with a sizeable investment in pig farming and pork processing over a 40+ 1 year history 2 An industry leader in animal welfare, technology, research and innovation 3 Substantial asset base prov
Slide 5: 1. Industry Overview
1. Industry Overview Rivalea A U S$ T R A L IT A
Slide 6: Strong underlying demand for pork products
Strong underlying demand for pork products Strong consumption growth, supported by a shift in consumer preferences towards healthier and more affordable forms of animal protein • Pork is the most consumed protein per capita globally • Australian pork price has grown at 4.5% CAGR since 1998 • Austral
Slide 7: Favourable consumer trends
Favourable consumer trends Growth category with increased demand for differentiated and value-added products Customers • Customers willing to pay a premium for convenience • Health, provenance and convenience increasingly impacting spending decisions • Customers seeking reliable and consistent quali
Slide 8: Australian Pork Limited (APL)
Australian Pork Limited (APL) Successfully getting more pork on the Australian fork • Australian pig industry supported Australian Pork Limited • APL is the rural industry service body which is a producer-owned company that has been set up to deliver integrated services including advocacy, marketing
Slide 9: Import/Export markets
Import/Export markets Domestic demand for fresh pork is largely met by domestic producers, with biosecurity regulations restricting imports to frozen products destined for small goods, pre-cooked and food service Import Export Import % of production 43% Export % of production 9% Governing body Depar
Slide 10: Market Participants
Market Participants Rivalea has a strategic advantage across the highly fragmented production and processing markets Pig Production Processing • National pig herd is based around the a range of breeder farms, • The top ten processors accounts for 95% of the total pigs from the small (< 100 sows) up
Slide 11: 2. Overview of Rivalea
2. Overview of Rivalea Page 10
Slide 12: Who is Rivalea
Who is Rivalea One of Australia’s leading vertically integrated pork producers Vertically Integrated One of the leading vertically integrated pork producers in Australia with revenues of approx. A$388m in 2016 and over 1,100 employees Pork Production Produces approx. 17% of Australia’s pork producti
Slide 13: History of Rivalea
History of Rivalea 46 year history with experienced executive management team 2009 Share in Diamond Valley Pork increased to 80%, Rivalea Name established 2003 Diamond Valley Pork (51%) established 2001 Business acquired by QAF Limited 1996 Gre Gre ecoshelter bedded Weaning System established 1989 V
Slide 14: Highly experienced management team
Highly experienced management team Mick Hewat Rod Williams Mark McKenzie Kenton Shaw Brian Luxford 20 years 43 years 10 years 28 years 28 years Managing Director Finance and corporate affairs • Key Accounts & Brand Mgt • Pig Operations • Research and Innovation • Hamsdale Australia Group • Hamsdale
Slide 15: Rivalea Sites | Geographical locations
Rivalea Sites | Geographically locations Page 14
Slide 16: Feedmilling and Stockfeeds Sales
Stockfeed Milling Farming Processing Feedmilling and Stockfeeds Sales Feed-milling | Overview Feed mill sales | Third Party Sales • Rivalea owns and operates 3 mills producing all of Rivalea’s internal feed • The Optimilk brand was established to replace requirements generic names previously used fo
Slide 17: Pig Farming systems
Stockfeed Milling Farming Processing Pig Farming systems Rivalea has been Gestation Stall Free (GSF) accredited under APIQ® since 2011, one of the earliest adopters in the industry Sow herds • Indoor concrete based housing • Outdoor paddock based free range Progeny • Indoor concrete based progeny •
Slide 18: Pork Processing and Brands
Stockfeed Milling Farming Processing Pork Processing and Brands Overview Pork Sales – Boned meat Brands Diamond Valley • 16% share of the national pig processing • The Family Chef Brand targets consumers Pork (DVP), volume p.a that shop at independent supermarkets. Laverton VIC Multi-store groups an
Slide 19: Revenue by segment
Revenue by segment Pork dominates revenue streams Page 18
Slide 20: Research and Innovation
Research and Innovation Nutrition Animal Meat Production Welfare Science lowest cost diets Reducing Eating quality Health confinement Feed efficiency Pain relief Yield Housing Meat quality Social behaviour NPD Feed Efficiency Regional Meat quality Reproduction Value add Genetics Micro Page 19
Slide 21: Significant asset base
Significant asset base Efficient use of capital supports continued • Over the past 5 years, over $48.6 million has been invested into Rivalea’s investment in the asset base through both value adding and value maintaining activities portfolio • Rivalea has 7 owned and 19 contract farms, representing
Slide 22: Summary
Summary One of Australia’s leading vertically integrated pork producers A leading pork producer with a sizeable investment in pig farming and pork processing over a 40+ 1 year history 2 An industry leader in animal welfare, technology, research and innovation 3 Substantial asset base provides a plat
Slide 23: Questions
Rivalea Aus TRALIA Questions