Slide 1: Slide 1
Slide 2: GrainCorp Full Year Presentation
irainCorp Full Year Presentation = Allied Mills
Slide 3: Financial results summary
$ million 12 months to 30 September 2004 12 months to 30 September 2003 Revenue from ordinary activities 964.1 512.9 EBITDA 114.7 Borrowing costs 29.5 Depreciation and Amortisation 48.5 Profit Before Tax 36.7 NPAT 25.7 Operating Cash-flow 23.6 Dividends — Ordinary Shares 41.0 cents Dividends — Reset
Slide 4: EBITDA Segment Results
EBITDA Segment Results $ million 12 months to 30 September 2004 12 months to 30 September 2003 % Change Storage & Handling 114.1 33.9 237% Marketing 13.4 13.1 2% AG Plus 1.0 41% Transport 0.3 109% Allied (net contribution) Equity accounted and Interest Corporate Overhead
Slide 5: Segment Results: key EBITDA drivers
Segment Results Key EBITDA drivers Storage & Handling 12 million tonnes of receivals Grain carry over 3 million tonnes 5.9 million tonnes of grain exported Marketing 50% increase in pool grain under management 775k exports AG Pius Doubled revenue to $63 million 8 new stores Transport Over 900,000 to
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Slide 7: Total shareholder return since listing
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Slide 8: Slide 8
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Slide 10: Marketing
» Marketing » Storage & Handling Allied Mills
Slide 11: Marketing and logistics chain
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Slide 12: Transport
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Slide 13: AG Plus
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Slide 14: Handling and shipping outlook
Allied Mills 5 year 2003/2004 2004/2005 YTD Handling average ‘000 outlook Tonnes ‘000 Tonnes Other bulk ‘000 products Tonnes Shipped
Slide 15: Transport
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Slide 17: JEON
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Slide 18: Transport
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Slide 20: AG Plus
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Slide 21: Gralnty
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Slide 22: Storage & Handling
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Slide 23: AG Plus
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Slide 24: AG Plus
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Slide 25: Site Costs and Head Office Costs
Site Costs + Site structure changes have led to FTE reductions + Focus on. support services levels + Warehouse reductions from Cost to Serve Project + Least Delivered Cost plan in QLD / Victoria + Closure of Rocky plant * Return of Toll milling at end FY04 will have further positive impactg Storage
Slide 26: AG Plus: Storage & Handling
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Slide 27: AG Plus, Marketing, Transport, Allied Mills
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Slide 30: Income statement
$ million 12 months to 30 September 2004 12 months to 30 September 2003 % Change Revenue from ordinary activities 964.1 512.9 88.0% Cost of sales 636.3 -335.5 89.6% Borrowing costs 29.5 -18.0 64.3% Depreciation and amortisation 48.5 -42.0 15.5% Other -213.2 -143.3 48.7% Operating profit before tax N
Slide 31: Balance sheet
12 months to 12 months to $ million 30 September 2004 30 September 2003 Assets 12.6 Cash Receivables 232.4 Intangibles 10.7 Inventories 55.3 Property, plant & equipment 487.6 Other 99.2 Liabilities Payables Interest bearing liabilities Provisions Other Net Assets
Slide 32: Cash flow statement
$ million 12 months to 30 September 2004 12 months to 30 September 2003 Cash flows from operating activities Receipts form customers Payments to suppliers and employees Other 1,010.6 -970.8 -16.2 601.3 -503.7 Cash flows from investing activities Payments for property, plant & equipment Proceeds from
Slide 33: Transport, Allied Mills
Storage & Handling — Transport © Allied Mill
Slide 34: Marketing © © Transport > Allied Mills
Marketing © Storage & Handling © Transport > Allied Mills