Wasteco Group Limited · NZX:WCO
Wasteco — Shareholder Meeting (September 2023)
24 slides from Wasteco's shareholder meeting presentation, Sep 8, 2023
Slide 1: WasteCo Group Limited Annual General Meeting
WasteCo Group Limited Annual General Meeting 8 September 2023
Slide 2: Agenda
Agenda • Welcome and introductions • Chairman’s Speech • CEO Speech • COO Speech • Shareholder discussion • Resolutions • General business
Slide 3: Chairman's Speech
Chairman’s Speech 3
Slide 4: CEO Speech
CEO Speech 4
Slide 5: A Leading Independent Waste Services Provider in the South Island
A Leading Independent Waste Services Provider in the South Island WasteCo is a leading South Island waste solution company, processing and diverting solid waste from landfill. It provides comprehensive solutions for household, commercial, industrial and local authority customers. Region Services Nel
Slide 6: Solid Waste Services
Solid Waste Services WasteCo provides a full suite of solid waste services from collections for Councils to waste solutions for the commercial and industrial sectors Hook Bins Gantry Bins Event Services Primarily used for large quantities of Open top waste bins for large WasteCo serves hundreds of e
Slide 7: Liquid Waste Services
Liquid Waste Services Professional, certified and trusted, WasteCo’s team of specialists take on the toughest industrial cleaning and environmentally hazardous jobs, whilst ensuring hazardous waste is appropriately treated and disposed. YES WasteCo prides itself on saying “yes” and finding sustainab
Slide 8: CEO Update
CEO Update • Provided solutions to thousands of customers both inside and outside the box. ❑ Successfully cleaned up the Bromley Waste Treatment Plant, delivering environmentally excellent outcomes for the Christchurch City Council (CCC) ahead of schedule. • Secured two further long-term council con
Slide 9: CEO Update
CEO Update • First full year of trading in medical and quarantine waste treatment with a growing customer base. • Ranked 9th in the Deloitte Fast 50 "Masters of Growth" category in 2022. ❑ Experienced 281% revenue growth over a five-year period. • Turnover topped $34 million for the year ended 31 Ma
Slide 10: CEO Update
CEO Update • Acquired the Cleanways Group in Southland and Central Otago in June 2023. ❑ Extending reach and coverage in the solid and liquid waste arena. ❑ Largest acquisition to date. • Extended our contract in the Clutha District for waste collection and landfill management until late 2026. 10
Slide 11: CEO Update
CEO Update • Secured two significant contracts in the quarantine waste arena, each starting second half of Q3 2024. • Transitioning, with FY24 the first year WasteCo will have two senior executives who are not the founders. ❑ This is a fantastic opportunity for new growth and focus for the company.
Slide 12: Bond Contracts Limited ("BCL")
COO speech Bond Contracts Limited (“BCL”) WasteCo NZ Limited (WasteCo NZ) has signed a conditional agreement to acquire the waste collection business of Bond Contracts Limited, for a total consideration of $8,775,000. BCL holds the kerbside collection, transfer station operation and transport to lan
Slide 13: Key benefits of BCL acquisition
Key benefits of BCL acquisition WasteCo intends to proactively engage with the WasteNet Councils and participate in subsequent negotiations and tender opportunities for the WasteNet Councils contract beyond 2027. Contract to mid 2027 Potential for glass collection to be added to the contract 60% of
Slide 14: Defensive Earnings Characteristics
Defensive Earnings Characteristics WasteCo is a leading provider of essential waste services in the South Island with a significant portion of the Group’s income derived from long-term contracts with Councils and large commercial customers. Some of our trusted clients include: > fe) 40% of FY23 trac
Slide 15: Shareholder discussion
Shareholder discussion 15
Slide 16: Resolutions
Resolutions 16
Slide 17: Resolution 1
Resolution 1 Resolution 1: That Angus Cooper, who retires by rotation and is eligible for re- election, be re-elected as a Director of the Company. 17
Slide 18: Resolution 2
Resolution 2 Resolution 2: That Roger Gower, who retires by rotation and is eligible for re-election, be re-elected as a Director of the Company. 18
Slide 19: Resolution 3
Resolution 3 Resolution 3: To record the re-appointment of Baker Tilly Staples Rodway as auditor of the Company and to authorise the Directors to fix the auditors’ remuneration for the ensuing year. 19
Slide 20: Resolution 4
Resolution 4 Resolution 4: That the Directors of the Company are authorised to issue up to 118,025,000 new ordinary fully paid shares in the Company to wholesale investors (New Shares) at an issue price of not less than 6.5 cents per New Share, at any time during the course of the 12 month period fo
Slide 21: General business
General business 21
Slide 22: Board and Senior Management
Board and Senior Management Senior management team with considerable sector expertise supported by Board comprising directors with significant capital markets, governance and acquisition expertise. Shane Edmond Shane became a shareholder of WasteCo in December 2020. Shane has had extensive experienc
Slide 23: Disclaimer
Disclaimer This presentation contains summary information about WasteCo and its activities that is current as at the date of this presentation. This disclaimer applies to this document and the verbal or written comments of any person presenting it. Information general in nature The information in th
Slide 24: Slide 24