Sims Ltd. · ASX:SGM
Sims — Shareholder Meeting (November 2021)
33 slides from Sims's shareholder meeting presentation, Nov 10, 2021
Slide 1: 2021 Annual General Meeting
For personal use only 2021 Annual General Meeting 9:00am (AEDT), Tuesday 10 November Geoff Brunsdon, Chairman Alistair Field, Group CEO and Managing Director
Slide 2: Disclaimer
Disclaimer The material contained in this document is a presentation of information about the Group’s activities For personal use only current at the date of the presentation, 10 November 2021. It is provided in summary form and does not purport to be complete. It should be read in conjunction with
Slide 3: Welcome to the 2021 AGM
For personal use only Welcome to the 2021 AGM Geoff Brunsdon, Chairman 3
Slide 4: Acknowledgement of Country
For personal use only Acknowledgement of Country Heather Ridout 4
Slide 5: Chairman's Address
For personal use only Chairman’s Address Geoff Brunsdon, Chairman 5
Slide 6: CEO Address
For personal use only CEO Address Alistair Field, Group CEO 6
Slide 7: Summary of Financial Outcomes
Summary of Financial Outcomes All profitability metrics showed major improvement For personal use only Sales Revenue Sales Volumes $5,916.3 million 8.593 million tonnes FY20 1H 4.30 million | 2H 4.25 million FY20 $4,908.5 million 20.5% 8.154 million tonnes 5.4% Underlying1 EBITDA Net Cash Balance $5
Slide 8: Employee Health & Safety
Employee Health & Safety Lowest ever recorded number of injuries, despite adverse changing conditions in FY21 For personal use only Actual incidents significantly reduced year over year Proactive lead indicator programs drove significant safety improvement, including 140 120 Lowest number of cri
Slide 9: Sustainability
Sustainability We are pleased with our progress across each of the pillars, despite COVID-19 disruption For personal use only Sims’ Sustainability Pillars FY21 Update Executed the Safety Risk Incident Operate Responsibly: Foundation of a sustainable company Programme Implemented control measures
Slide 10: FY21 Highlights
FY21 Highlights Strong momentum and progress with record profit and safety results For personal use only Strengthened leadership position in ESG Built strong momentum • Lowest ever recorded number of injuries • Best underlying EBIT result in 13 years • Developed FY25 and beyond targets • $75 million
Slide 11: Trading Update & Outlook
For personal use only Trading Update & Outlook Alistair Field, Group CEO 11
Slide 12: Trading Update
Trading Update Earnings momentum continued into 1H FY22 driven by strong trading margins across all major segments For personal use only Group Forecasted underlying EBIT of $310 to $350 million in 1H FY22 driven by North America businesses, representing approximately a sixfold increase from the pr
Slide 13: Trading Update
Trading Update North America Metal Delivered a very strong trading margin for 1Q FY22 driven by a strong trading margin per tonne and good sales For personal use only volumes Intake volumes were up on both the prior comparable period and the FY19 average Australia & New Zealand Metal Delivered
Slide 14: Macro Trends
Macro Trends Positive trends present a multi-year structural-growth opportunity for Sims For personal use only Ongoing or announced stimulus spending will increase demand for steel intensive infrastructure spending and drive retail consumption. Post consumption scrap will also increase. Positive f
Slide 15: Meeting Procedures
Meeting Procedures Matter Procedure For personal use only Voting All voting will be determined by a poll To be able to vote you must register for a voting card by selecting the “Get a voting card” from the bottom of the site Enter your shareholder number and postcode OR proxy number to receive
Slide 16: Please ask your questions now.
For personal use only Please ask your questions now. 16
Slide 17: Receive and consider the financial statements
For personal use only “To receive and consider the financial statements of the Company and its controlled entities for the year ended 30 June 2021 and the related Directors’ Report, Directors’ Declaration and Auditor’s Report”. 17
Slide 18: Resolution: Re-elect Mr Geoffrey Brunsdon
For personal use only RESOLUTION 1 To re-elect Mr Geoffrey Brunsdon as a Director of the Company 18
Slide 19: Please ask your questions now.
For personal use only Please ask your questions now. 19
Slide 20: Resolution voting results
For personal use only Resolution 1 For Discretionary Against Abstain Votes 153,914,558 411,861 7,658,913 285,829 95.02% 0.25% 4.73% 20
Slide 21: Resolution: Re-elect Ms Georgia Nelson
For personal use only RESOLUTION 2 To re-elect Ms Georgia Nelson as a Director of the Company 21
Slide 22: Please ask your questions now.
For personal use only Please ask your questions now. 22
Slide 23: Resolution voting results
For personal use only Resolution 2 For Discretionary Against Abstain Votes 158,214,965 402,861 3,357,866 276,969 97.68% 0.25% 2.07% 23
Slide 24: Resolution: Re-elect Ms Victoria Binns
For personal use only RESOLUTION 3 To re-elect Ms Victoria Binns as a Director of the Company 24
Slide 25: Please ask your questions now.
For personal use only Please ask your questions now. 25
Slide 26: Resolution voting results
For personal use only Resolution 3 For Discretionary Against Abstain Votes 161,468,712 407,379 115,362 279,708 99.68% 0.25% 0.07% 26
Slide 27: Resolution: Adopt the Remuneration Report
For personal use only RESOLUTION 4 To adopt the Remuneration Report for the year ended 30 June 2021 27
Slide 28: Please ask your questions now.
For personal use only Please ask your questions now. 28
Slide 29: Resolution voting results
For personal use only Resolution 4 For Discretionary Against Abstain Votes 126,000,216 386,506 32,804,735 3,059,536 79.15% 0.24% 20.61% 29
Slide 30: Resolution: Long Term Incentive Plan participation by Mr Alistair Field
For personal use only RESOLUTION 5 To approve the participation in the Sims Limited Long Term Incentive Plan by Mr Alistair Field 30
Slide 31: Please ask your questions now.
For personal use only Please ask your questions now. 31
Slide 32: Resolution voting results
For personal use only Resolution 5 For Discretionary Against Abstain Votes 149,264,083 574,784 11,665,982 766,312 92.42% 0.36% 7.22% 32
Slide 33: Thank you
For personal use only Thank you