Zeder Investments Limited · JSE:ZED
Zeder Investments — Shareholder Meeting (July 2020)
10 slides from Zeder Investments's shareholder meeting presentation, Jul 17, 2020
Slide 1: Annual General Meeting
ANNUAL GENERAL MEETING NORMAN CELLIERS CHIEF EXECUTIVE OFFICER 17 JULY 2020 1
Slide 2: Agenda
AGENDA • Post balance sheet events • Summary results: Sum-of-the-Parts • Summary results: Earnings • Covid-19 impact and update • Social and ethics feedback • Prospects and outlook • Questions 2
Slide 3: Post Balance Sheet Events
POST BALANCE SHEET EVENTS Significant transactions have been implemented since 29 February 2020, being Zeder’s financial year-end. Disposal of Pioneer Settlement of all Payment of Special Disposal of Buyback of Zeder Foods obligations Dividend Quantum Foods shares • All of the shares held in • R1.55
Slide 4: Summary Results: Sum-of-the-Parts
SUMMARY RESULTS: SUM-OF-THE-PARTS The post-balance sheet events have had a material impact on the portfolio construction and size of Zeder as a significant portion of the company has been returned to shareholders. 28 Feb 2019 29 Feb 2020 9 Jul 2020 Interest Interest Interest Company (%) Rm (%) Rm (%
Slide 5: Summary Results: Earnings
SUMMARY RESULTS: EARNINGS Satisfactory underlying financial performance under constrained conditions – note that comparative numbers going forward will exclude Pioneer Foods and Quantum. 28 Feb 19 Change 29 Feb 20 AUDITED Rm % Rm Recurring headline earnings from investments 604 725 Net interest, tax
Slide 6: Covid-19 Impact and Update
COVID-19 IMPACT AND UPDATE • Investee companies are mostly positioned in the “essential” industries • Operations have largely remained “open” – but under constrained demand and capacity conditions • Full impact obviously remains unclear – but year to date performance better than anticipated • Balanc
Slide 7: Social and Ethics Feedback: A Structured Approach
SOCIAL AND ETHICS FEEDBACK: A STRUCTURED APPROACH Zeder implements its monitoring and adherence to Social and Ethics obligations through conscious and deliberate participation at investee company level while aligning and monitoring at holding company level. • Listed Companies ─ Formally constituted
Slide 8: Social and Ethics Feedback: Examples of Initiatives
SOCIAL AND ETHICS FEEDBACK: EXAMPLES OF INITIATIVES While it is impossible to record each “social and ethical” initiative across the group, below are examples referenced to illustrate our actions and intentions. Education Skills Development Sustainability Community Outreach • >126 bursaries • Wellne
Slide 9: Prospects and Outlook
PROSPECTS AND OUTLOOK • Strong balance sheet(s) with sufficient cash and liquidity in group • Full Covid-19 impact unclear but thus far managing the challenges • Notwithstanding the reduced overall size, remaining portfolio presents opportunities • Committed to deliver acceptable shareholder returns
Slide 10: Questions?
Awaiting image… QUESTIONS? PHYSICAL ADDRESS POSTAL ADDRESS 2ND FLOOR, OU KOLLEGE BUILDING PO BOX 7403 35 KERK STREET STELLENBOSCH STELLENBOSCH 7599 7600 WEBSITE: INFO@ZEDER.CO.ZA TEL: 021 831 9559