Sanford Limited · NZX:SAN

Sanford — Shareholder Meeting (2021)

14 slides from Sanford's shareholder meeting presentation, 2021

  1. Slide 1: Annual Shareholders Meeting 2021

    ANNUAL SHAREHOLDERS MEETING Sanford Chair: Sir Rob McLeod 2021

  2. Slide 2: Sanford Directors

    SANFORD DIRECTORS Sir Robert McLeod Mark Cairns Peter Cullinane Abby Foote Peter Goodfellow Peter Kean Fiona Mackenzie s SANFORD

  3. Slide 3: 2021 in Summary

    2021 IN SUMMARY  A second consecutive year of Covid-19 impacts.  Revenue and profitability significantly affected.  Signs of recovery in late FY21 across wildcatch and salmon divisions.  Mussel performance has lagged in recovery. 3

  4. Slide 4: FY21 Results Snapshot

    FY21 RESULTS SNAPSHOT A continuation of the impacts of Covid-19 1 Catch/Harvest Volume Sales Volume Revenue Adjusted EBIT 103.0k GWT 113.5k GWT $489.6M $23.3M -8.2 % + 7.4% 4.4% -39.1 % EBIT GW kg Adjusted EBITDA1 NPAT2 EPS No Final Dividend 21₵ $52.6M $16.2M 17CPS -15₵ /kg -20.6% -16.5% -3₵ Flat 1.

  5. Slide 5: Dividend

    DIVIDEND  We are disappointed not to be paying a dividend in FY21.  Prudent action under current conditions.  Intention is to resume dividend payments as soon as it is feasible. 5

  6. Slide 6: Nature of the Recovery

    NATURE OF THE RECOVERY • The Board and management agree that the adverse impact of Covid is waning. • We believe that demand conditions will return to pre-Covid levels in the classical U or V formation. We do not predict the future format as a W. 6

  7. Slide 7: Q4 Started to Improve as Global Foodservice Reopened

    Q4 STARTED TO IMPROVE AS GLOBAL FOODSERVICE REOPENED Adjusted EBIT by Quarter 30 25 24 22 20 15 15 13 $m 11 10 11 10 9 8 5 4 2 0 Q1 Q2 Q3 Q4 -3 -5 FY 17-19 Avg FY 20 FY 21 7

  8. Slide 8: A Strong Core

    A STRONG CORE  $23.7m investment in vessel upgrades and refurbishments enabling efficiency and safety.  Overall workforce engagement score a positive 76%.  Business systems upgrade SanCore will be completed in 2022. 8

  9. Slide 9: Assets and Challenges

    ASSETS AND CHALLENGES 9

  10. Slide 10: Strategy

    STRATEGY • We are clear on the priorities for the new financial year and what we need to do to recover. • By focusing on the interests of all our stakeholders, we can achieve our goals and create value for all. 10

  11. Slide 11: Management

    MANAGEMENT 11

  12. Slide 12: Ngāi Tahu

    NGĀI TAHU • In September Ngāi Tahu Investments increased their shareholding in Sanford to 19.9%. • A positive for Sanford. 12

  13. Slide 13: FY21 Integrated Report

    FY21 INTEGRATED REPORT  Sanford’s FY21 integrated report is available at https://www.sanford.co.nz/investors/  The report outlines Sanford's Business Excellence Framework – this enables each part of the business to map out its role in helping to deliver on our goals  We strive to inform in a tran

  14. Slide 14: Thank You

    SANFORD THANK YOU.

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