Australian Dairy Nutritionals Limited · ASX:AHF
Australian Dairy Nutritionals — Shareholder Meeting (November 2023)
21 slides from Australian Dairy Nutritionals's shareholder meeting presentation, Nov 23, 2023
Slide 1: 2023 Annual General Meeting
For personal use only 2023 Annual General Meeting Thursday 23 November 2023
Slide 2: Agenda
Agenda Welcome & Chairman’s Address CEO Presentation For personal use only Consideration of Items of Business per Notice of Meeting • Item 1: 2023 Annual Report • Resolution 1: Adoption of the Remuneration Report • Resolution 2: Conditional Spill Meeting • Resolution 3: Re-election of Director – Sco
Slide 3: Chairman's Address
Business of Meeting For personal use only Chairman’s Address 3
Slide 4: CEO's Address
Business of Meeting For personal use only CEO’s Address 4
Slide 5: FY23 A Year of Mixed Fortunes
FY23 A YEAR OF MIXED FORTUNES For personal use only • Commercial production at Depot Road Manufacturing Facility in September 23 • Ocean Road Dairies range launched in Chemist Warehouse stores nationally in October 23 • Export certification of Depot Road factory in February 2023 • Distribution Agree
Slide 6: For personal use only
For personal use only Business of Meeting 6
Slide 7: Paddock to Plate Unique Proposition
PADDOCK TO PLATE UNIQUE PROPOSITION Business of Meeting For personal use only 7
Slide 8: FY23 A Year of Mixed Fortunes
FY23 A YEAR OF MIXED FORTUNES For personal use only • Domestic sales revenue slower to build than anticipated • Challenging retail conditions amid cost of living pressures • Loss of daigou channel fundamentally changed the infant formula category for large domestic supermarkets and retail pharmacy r
Slide 9: FY23 Performance Snapshot
FY23 PERFORMANCE SNAPSHOT For personal use only Vertical Integration Total Net Assets Consolidated Result Fresh Dairy Closure Completed October 2022 $33.5 million Loss of $8.2M Proceeds of $1.05M (FY22: 39.9M) (FY22: $5.2M loss) • Ocean Road Dairies • Closure of fresh dairy infant formula ranged • N
Slide 10: Revised Strategy: FY24 and Beyond
REVISED STRATEGY: FY24 AND BEYOND For personal use only Stabilise Cash Position Grow Sales Increase Utilisation Consolidation • Debt facility to be • Domestic sales of • Contract • Proactively finalised imminently Ocean Road Dairies manufacturing and investigate • Brucknell South farm in Chemist B2B
Slide 11: For personal use only
Business of Meeting For personal use only Business of Meeting 11
Slide 12: Items of Business per Notice of Meeting
Items of Business per Notice of Meeting For personal use only • Item 1: 2023 Annual Report • Resolution 1: Adoption of the Remuneration Report • Resolution 2: Conditional Spill Meeting • Resolution 3: Re-election of Director – Scott Lai • Resolution 4: Re-election of Director – Jason Dong • Resoluti
Slide 13: Resolution – Adoption of the Remuneration Report
For personal use only Resolution 1 – Adoption of the For: 140,273,545 Remuneration Report “That for the purposes of section 250R(2) of the Against: 94,401,383 Business of Meeting Corporations Act 2001 (Cth), the Remuneration Open Useable: 5,531,971 Report set out in the Directors’ Report for the fin
Slide 14: Resolution – Conditional Spill Meeting
Resolution 2 – Conditional Spill Meeting “Subject to, and conditional on 25% or more of the votes For personal use only validly cast on Resolution 1 (Remuneration Report) for the year ended 30 June 2023 being cast against that Resolution, to hold an extraordinary general meeting of the Company For:
Slide 15: Resolution – Re-election of Director – Scott Lai
For personal use only Resolution 3 – Re-election of For: 160,937,073 Director – Scott Lai Against: 84,104,371 “That Scott Lai who, having been appointed Business of Meeting by the Board on 7 August 2023, retires in Open Useable: 5,472,026 accordance with Article 49(d) of the Company's Constitution a
Slide 16: Resolution – Re-election of Director – Jason Dong
For personal use only Resolution 4 – Re-election of For: 160,794,959 Director – Jason Dong Against: 84,966,485 “That Jason Dong, who retires in accordance Business of Meeting with Article 49(b)(i) of the Company's Open Useable: 4,752,026 Constitution and ASX Listing Rule 14.4, and being eligible off
Slide 17: Resolution – Ratification of First Placement
For personal use only Resolution 5 – Ratification of First Placement For: 126,682,006 Business of Meeting “That, for the purpose of Listing Rule 7.4, Securityholders approve, ratify and confirm the Against: 71,012,193 prior issue of 45,454,454 Stapled Securities pursuant to Listing Rule 7.1 on the t
Slide 18: Resolution – Ratification of Second Placement
For personal use only Resolution 6 – Ratification of Second For: 152,436,551 Placement Business of Meeting “That, for the purpose of Listing Rule 7.4, Securityholders approve, ratify and confirm the Against: 71,024,193 prior issue of 32,272,727 Stapled Securities Open Useable: 5,672,026 pursuant to
Slide 19: Resolution – Approval of 10% Placement Facility
For personal use only Resolution 7 – Approval of 10% Placement Facility For: 171,533,885 Business of Meeting “That, for the purposes of Listing Rule 7.1A, the issue of Equity Securities (as that term is defined Against: 71,639,859 in the Listing Rules), totalling up to 10% of the issued capital of t
Slide 20: Questions
Business of Meeting For personal use only Questions 20
Slide 21: Thank you
For personal use only Thank you Thankyou 21
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