Graincorp Limited Class A · ASX:GNC
Graincorp Limited Class A — Shareholder Meeting (February 2023)
35 slides from Graincorp Limited Class A's shareholder meeting presentation, Feb 16, 2023
Slide 1: Annual General Meeting Addresses and Presentation
For personal use only 16 February 2023 The Manager, Companies Australian Securities Exchange Companies Announcement Centre 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam, Annual General Meeting Addresses and Presentation Attached for release to the market are the addresses and presentation to be de
Slide 2: Chairman's Address
Chairman’s Address Annual General Meeting 16 February 2023 For personal use only Good morning, everyone, and welcome to the GrainCorp Annual General Meeting for FY22. My name is Peter Richards and I am the Chairman of your company. FY22 was an outstanding, and record-breaking, year for GrainCorp. Th
Slide 3: Chairman's Address (continued)
In the core area, we are leveraging our capabilities and driving our existing assets, with the objective of lifting GrainCorp’s return on invested capital. I am pleased to report that, in FY22, our return on invested capital was 28%, For personal use only up from 11% last year, an outstanding result
Slide 4: Board
Board For personal use only Now turning to Board renewal. We regularly review our Board’s composition to ensure we have the right mix of skills, experience, attributes and diversity. In October 2021, we welcomed two new Non-executive Directors to the Board, Nicki Anderson and Clive Stiff. Long- stan
Slide 5: Managing Director and CEO's Address
Managing Director and CEO’s Address Annual General Meeting 16 February 2023 For personal use only Introduction Thank you, Peter and good morning, ladies and gentlemen. It’s a pleasure to join you today, and to see our shareholders in person. This morning, I would like to run through the following: -
Slide 6: Strategy
So, to summarise – FY22 was an outstanding year. We are doing what we said we’d do, and we are delivering on our commitments. For personal use only Strategy Turning to our Strategy. This slide summarises our vision, our purpose, and our strategic priorities, which are centred on delivering for growe
Slide 7: Sustainability and ESG
Our first investment is in a business called Zetifi, based in Wagga Wagga, New South Wales. Zetifi helps plug the gap in digital connectivity for farmers in rural Australia, a problem many growers and regional communities face For personal use only daily. We believe this business has significant pot
Slide 8: Harvest and Outlook
In some cases, the flooding caused crop abandonment, damage to local roads and infrastructure, and logistical challenges, both for growers and the GrainCorp supply chain. For personal use only Notwithstanding the challenges, as of this week, we have received a very strong 11.9 million tonnes of grai
Slide 9: Media and Investor Contacts
This announcement is authorised for market release by the GrainCorp Limited Board. For personal use only MEDIA CONTACT INVESTOR CONTACT Jess Simons Luke Thrum Manager, Corporate Affairs and Government Relations Senior Manager, Investor Relations +61 418 734 653 +61 447 894 834 jessica.simons@grainco
Slide 10: GrainCorp Limited AGM – FY22
This release has been authorised by the Board of GrainCorp Limited GrainCorp Limited AGM – FY22 For personal use only 16 February 2023
Slide 11: Disclaimer
Disclaimer For personal use only This presentation includes both information that is historical in character and information that consists of forward looking statements. Forward looking statements are not based on historical facts, but are based on current expectations of future results or events. T
Slide 12: Acknowledgement of Country
Acknowledgement of Country For personal use only GrainCorp acknowledges Aboriginal and Torres Strait Islander peoples as the First Peoples of Australia and embraces the spirit of reconciliation, working GrainCorp towards Silo Art in Sheep Hills, VIC the equality of outcomes and ensuring an equal voi
Slide 13: GrainCorp Board of Directors
GrainCorp Board of Directors For personal use only Peter Richards Robert Spurway Nicki Anderson Chairman Managing Director & CEO Non-executive Director Kathy Grigg Dan Mangelsdorf Clive Stiff Non-executive Director Non-executive Director Non-executive Director 4
Slide 14: Procedural matters
For personal use only Procedural matters
Slide 15: Agenda
Agenda For personal use only 1. Chairman’s Address 2. Managing Director & CEO’s Presentation 3. Business of the Annual General Meeting Resolutions Shareholder questions Poll voting GrainCorp Silo Art in Sheep Hills, VIC 4. Meeting closed 6
Slide 16: Chairman's Address
Chairman’s Address For personal use only Peter Richards
Slide 17: Managing Director & CEO's Presentation
Managing Director & CEO’s Presentation For personal use only Robert Spurway
Slide 18: Record earnings in FY22
Record earnings in FY22 An outstanding operational and financial result For personal use only 9
Slide 19: Strategic priorities driving higher return on invested capital
Strategic priorities driving higher return on invested capital For personal use only Strengthen the core Targeted growth opportunities 10
Slide 20: Delivering on our strategic initiatives
Delivering on our strategic initiatives For personal use only Strengthening the core Targeted growth opportunities ECA1 network investment – capacity upgrade, new mobile fleet Animal nutrition – sustainable feed, FutureFeed Asset utilisation – port throughput; oilseed and foods volumes Alternative p
Slide 21: Our sustainability progress
Our sustainability progress Our Integrity For personal use only Our Environment Our People ISCC-EU accredited supply chain Zero product recalls Average 23 1.4mmt -6.1% Learning events completed per employee of ISCC certified Energy usage per tonne Board Sustainability Committee seed handled crushed
Slide 22: Commitment to Zero Harm
Commitment to Zero Harm Focus on the safety of our people For personal use only 12.6 3.9 8.9 7.7 6.5 6.7 2.6 2.3 1.8 0.8 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 • Improvement to RIFR, supported by rollout of Behavioural Safety Program and 'Safe Spine/Safe Mind' to operational leaders • Har
Slide 23: Harvest update – 2022/23
Harvest update – 2022/23 ECA grain production well above average despite disrupted harvest For personal use only Positive ECA winter cropping conditions supported above-average grain production in 2022/23. ABARES forecasts (from 6-Dec-22): — Total ECA winter crop: 26.9 mmt (FY22: 31.2mmt). 10-year
Slide 24: Outlook
Outlook Another strong financial result expected in FY23 For personal use only FY23 guidance Assumptions / variables FY23 guidance is subject to: • EBITDA of $470 – 530 million • 2H23 grain volumes, including sorghum • NPAT of $180 – 220 million receivals • Timing and volume of grain exports Agribus
Slide 25: Business of the AGM
Business of the AGM For personal use only Peter Richards
Slide 26: Business of the AGM
Business of the AGM For personal use only For consideration Item 1: Consideration of Financial Statements and Reports Ordinary resolutions Item 2: Adoption of the Remuneration Report GrainCorp Silo Art in Sheep Hills, VIC Item 3: Re-election of Ms Kathy Grigg Item 4: FY23 Grant of Performance Rights
Slide 27: Item 1: Consideration of Financial Statements and Reports
Item 1: Consideration of Financial Statements and Reports For personal use only To receive and consider the financial report (which includes the financial statements and the Directors’ Report and Auditor’s Report) for GrainCorp for the financial year ended 30 September 2022. Note: No resolution is r
Slide 28: Item 2: Adoption of the Remuneration Report
Item 2: Adoption of the Remuneration Report For personal use only To consider and, if thought appropriate, pass the following as an ordinary resolution: “That the Remuneration Report (which forms part of the Directors’ Report) of the Company for the financial year ended 30 September 2022 set out on
Slide 29: Proxy and direct votes: Item 2
Proxy and direct votes For personal use only Item 2: Adoption of the Remuneration Report PROXY & DIRECT VOTES FOR OPEN AGAINST TOTAL Item 2 140,171,796 332,077 5,125,046 145,628,919 % vote 96.3% 0.2% 3.5% 65.1% of issued capital The Chairman of the Meeting will be voting open proxies in favour of th
Slide 30: Item 3: Re-election of Ms Kathy Grigg
Item 3: Re-election of Ms Kathy Grigg For personal use only To consider and, if thought appropriate, pass the following as an ordinary resolution: “That, for the purposes of ASX Listing Rules 14.4 and 14.5, article 11.3(a) of the Constitution of the Company and for all other purposes, Ms Kathy Grigg
Slide 31: Proxy and direct votes: Item 3
Proxy and direct votes For personal use only Item 3: Re-election of Ms Kathy Grigg PROXY & DIRECT VOTES FOR OPEN AGAINST TOTAL Item 2 143,326,796 341,743 3,470,796 147,139,335 % vote 97.4% 0.2% 2.4% 65.8% of issued capital The Chairman of the Meeting will be voting open proxies in favour of the reso
Slide 32: Item 4: FY23 Grant of Performance Rights to the Managing Director and CEO
Item 4: FY23 Grant of Performance Rights to the Managing Director and CEO For personal use only To consider and, if thought appropriate, pass the following as an ordinary resolution: “That, for the purpose of ASX Listing Rule 10.14 and for all other purposes, approval be given to grant 140,624 perfo
Slide 33: Proxy and direct votes: Item 4
Proxy and direct votes For personal use only Item 4: FY23 Grant of Performance Rights to the Managing Director and CEO PROXY & DIRECT VOTES FOR OPEN AGAINST TOTAL Item 4 142,907,351 318,569 3,517,620 146,743,540 % vote 97.4% 0.2% 2.4% 65.6% of issued capital The Chairman of the Meeting will be votin
Slide 34: Meeting closed
For personal use only Meeting closed
Slide 35: GrainCorp Corporate Office
For personal use only GrainCorp Corporate Office: Level 28 175 Liverpool Street Sydney NSW 2000 Australia Postal address: PO Box A268 Sydney South NSW 1235 Australia graincorp.com.au 26