Select Harvests Limited · ASX:SHV
Select Harvests — Shareholder Meeting (October 2011)
8 slides from Select Harvests's shareholder meeting presentation, Oct 25, 2011
Slide 1: Annual General Meeting
For personal use only Annual General Meeting 25th October 2011 Curt Leonard, Chairman
Slide 2: Select Harvests Board
Select Harvests Board For personal use only § Curt Leonard, Chairman § Michael Iwaniw, Non-Executive Director, Appointed June 2011, standing for re-election § Fred Grimwade, Non-Executive Director, Appointed July 2010 § Ross Herron, Non-Executive Director, Appointed January 2005 § Michael Carroll, N
Slide 3: Operating environment
Operating environment For personal use only § Strategy has evolved to reflect structural changes in industry § Select Harvests has transitioned from being a manager of almond orchards to being a manager and owner of almond orchards § Expansion of Company Orchards enables access to entire almond valu
Slide 4: FY11 performance
FY11 performance For personal use only § Strong progress despite challenging operating conditions § External pressures included adverse climatic conditions, wet harvest, strong Australian dollar § Net Profit After Tax $17.7 million, $12.5m excluding discount on acquisition § Final fully franked divi
Slide 5: Progress towards strategy
Progress towards strategy For personal use only § Considerable progress made towards strategy to expand and diversify our orchard portfolio § Now on track to almost quadruple our Company Orchards: § 3,400 acres in 2009 § 13,100 acres upon completion of Stage 2, WA • Three-year Olam contract gave us
Slide 6: Capital structure and cash generation
Capital structure and cash generation For personal use only § Adapted capital structure to support Company Orchards strategy - orchard acquisition; investment in crop cycle § Successfully completed $45 million capital raising in September 2010 § Further strengthened capital structure with up to $115
Slide 7: People
People For personal use only § Capability across the almond value chain a key strength of Select Harvests § Need to ensure appropriate pay and incentive structures are in place that aligns the executive team’s interests with those of shareholders § Board undertook a review of incentive plans and pro
Slide 8: Outlook
Outlook For personal use only § Strong progress made in executing strategy, positioning company for long- term sustainable growth § Almond market supply and demand fundamentals compelling § Expanded and diversified Company Orchards portfolio in place § Opportunity to leverage our integrated business