Ridley Corporation Limited · ASX:RIC

Ridley — Shareholder Meeting (November 2010)

17 slides from Ridley's shareholder meeting presentation, Nov 22, 2010

  1. Slide 1: 2010 Annual General Meeting

    Ridley RidleyCorporation Corporation For personal use only 2010 ANNUAL GENERAL MEETING 22 November 2010 1

  2. Slide 2: Total Shareholder Return

    Total Shareholder Return From 6 May 2008 (day prior to announcement of outcomes of strategic review) For personal use only $1.60 38% $1.40 16% $1.20 -8% $1.00 -13% $0.80 $0.60 $0.40 Ridley TSR Period: 6 May 2008 to 18 Nov Ridley Share Price 2010 $0.20 ASX 200 Accum. Index (based to Ridley) Source: I

  3. Slide 3: Financial Highlights

    Financial Highlights For personal use only Consolidated 2009 2010  New base level for earnings result  Second successive record Sales Revenue 819.4 728.0 EBIT result for AgriProducts of $29.0m despite Dairy EBIT - AgriProducts 24.4 29.0 sector weakness EBIT - Cheetham 12.9 16.8  Cheetham returns

  4. Slide 4: Property

    Property For personal use only  Focus on delivery of longer term revenue streams offering shareholders greatest value in real terms  Corio site sold for $2.5m and settled in August 2009  Budget includes $1 million to explore property development plus alternative use opportunities emerging and und

  5. Slide 5: Lara

    Lara For personal use only Lara Salt Avalon Fields Airport  Desktop planning and investigations underway for 912ha Lara site adjacent to Avalon airport, Melbourne’s second international airport 5

  6. Slide 6: Safety

    Safety For personal use only  Reduction in lost time injury rate from prior year but less than target  Safety a core value at Ridley, starting at the Board and executive management level  Three key elements:  Embed proactive safety behaviours  Develop and implement a safety management system 

  7. Slide 7: Ridley Agriproducts Growth Prospects

    Ridley Agriproducts Growth Prospects For personal use only  Recovery in Dairy sector over next 24 months  Improvement in margin management and supply chain for Packaged Products  Ridley Aqua-feeds no longer capacity-constrained  Increasing proportion of business underpinned by long term contract

  8. Slide 8: Cheetham Salt Growth Prospects

    Cheetham Salt Growth Prospects For personal use only  Completion of business-wide transformational strategy  Upgrade of Bajool refinery to increase plant efficiency, improve product quality and range, and reduce interstate freight costs in 2011  Consolidation of refineries from five to three  Re

  9. Slide 9: Cash flow

    Cash flow For personal use only  Performance most linked to salt and intensive stockfeed industries, driven by volume and margin, supported by customer contracts  Agribusiness less weather reliant and minimal exposure to volatile markets and grain crop or prices  Over $21 million paid in cash div

  10. Slide 10: People

    People For personal use only  Restructured management team with challenge to elevate Ridley to new levels of performance  Increased focus on individual and collective accountability  Committed and resilient workforce able to adapt and proactively manage change  Succession plan implemented at Boa

  11. Slide 11: Outlook

    Outlook For personal use only  Cheetham transformed to provide a stable and reliable contribution  Further improvement expected in Agriproducts through new contracts, expanded capacity, and improved business processes  24 month period of recovery expected for Dairy sector to return to prior year

  12. Slide 12: Ridley Corporation

    Ridley Corporation For personal use only We feed the food that ends up on your plate Premium Solar Salt Ridley transformed and now a compelling proposition

  13. Slide 13: Resolution

    Resolution 2 For personal use only PERCENTAGE OF PERCENTAGE OF INSTRUCTION NUMBER PROXIES ALL ISSUED LODGED SECURITIES FOR 192,990,508 97.54% 62.70% AGAINST 2,484,533 1.26% 0.81% OPEN - USABLE 2,378,551 1.20% 0.77% ABSTAIN 1,216,108 - 0.40% EXCLUDED AND - - - UNUSABLE TOTAL 199,069,700 100.00% 64.68

  14. Slide 14: Resolution 3(i)

    Resolution 3(i) For personal use only PERCENTAGE OF PERCENTAGE OF INSTRUCTION NUMBER PROXIES ALL ISSUED LODGED SECURITIES FOR 195,306,261 98.50% 63.45% AGAINST 544,065 0.27% 0.18% OPEN - USABLE 2,446,354 1.23% 0.79% ABSTAIN 773,020 0 0.25% EXCLUDED AND - 0 0 UNUSABLE TOTAL 199,069,700 100.00% 64.67%

  15. Slide 15: Resolution 3(ii)

    Resolution 3(ii) For personal use only PERCENTAGE OF PERCENTAGE OF INSTRUCTION NUMBER PROXIES ALL ISSUED LODGED SECURITIES FOR 195,589,542 98.61% 63.54% AGAINST 336,424 0.17% 0.11% OPEN - USABLE 2,415,799 1.22% 0.78% ABSTAIN 727,935 0 0.24% EXCLUDED AND - 0 0 UNUSABLE TOTAL 199,069,700 100.00% 64.67

  16. Slide 16: Resolution 3(iii)

    Resolution 3(iii) For personal use only lo PERCENTAGE OF PERCENTAGE OF INSTRUCTION NUMBER PROXIES ALL ISSUED LODGED SECURITIES FOR 195,513,048 98.57% 63.52% AGAINST 382,551 0.19% 0.12% OPEN - USABLE 2,456,854 1.24% 0.80% ABSTAIN 714,600 0 0.23% EXCLUDED AND - 0 0 UNUSABLE TOTAL 199,067,053 100.00% 6

  17. Slide 17: Resolution

    Resolution 4 For personal use only PERCENTAGE OF PERCENTAGE OF INSTRUCTION NUMBER PROXIES ALL ISSUED LODGED SECURITIES FOR 191,602,716 97.03% 62.25% AGAINST 4,356,215 2.21% 1.42% OPEN - USABLE 587,737 0.30% 0.19% OPEN 914,190 0.46% 0.30% CONDITIONAL ABSTAIN 472,699 0 0.15% EXCLUDED AND 1,136,143 0 0

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