Graincorp Limited Class A · ASX:GNC
Graincorp Limited Class A — Shareholder Meeting (February 2023)
27 slides from Graincorp Limited Class A's shareholder meeting presentation, Feb 16, 2023
Slide 1: GrainCorp Limited AGM – FY22
This release has been authorised by the Board of GrainCorp Limited GrainCorp Limited AGM – FY22 16 February 2023
Slide 2: Disclaimer
Disclaimer This presentation includes both information that is historical in character and information that consists of forward looking statements. Forward looking statements are not based on historical facts, but are based on current expectations of future results or events. The forward looking sta
Slide 3: Acknowledgement of Country
Acknowledgement of Country GrainCorp acknowledges Aboriginal and Torres Strait Islander peoples as the First Peoples of Australia and embraces the spirit of reconciliation, working GrainCorp towards Silo Art in Sheep Hills, VIC the equality of outcomes and ensuring an equal voice. 3
Slide 4: GrainCorp Board of Directors
GrainCorp Board of Directors Peter Richards Robert Spurway Nicki Anderson Chairman Managing Director & CEO Non-executive Director Kathy Grigg Dan Mangelsdorf Clive Stiff Non-executive Director Non-executive Director Non-executive Director 4
Slide 5: Procedural matters
| Procedural matters
Slide 6: Agenda
Agenda 1. Chairman’s Address 2. Managing Director & CEO’s Presentation 3. Business of the Annual General Meeting Resolutions Shareholder questions Poll voting GrainCorp Silo Art in Sheep Hills, VIC 4. Meeting closed 6
Slide 7: Chairman’s Address
Chairman’s Address Peter Richards
Slide 8: Managing Director & CEO’s Presentation
Managing Director & CEO’s Presentation Robert Spurway
Slide 9: Record earnings in FY22
Record earnings in FY22 An outstanding operational and financial result 9
Slide 10: Strategic priorities driving higher return on invested capital
Strategic priorities driving higher return on invested capital Strengthen the core Targeted growth opportunities 10
Slide 11: Delivering on our strategic initiatives
Delivering on our strategic initiatives Strengthening the core Targeted growth opportunities ECA1 network investment – capacity upgrade, new mobile fleet Animal nutrition – sustainable feed, FutureFeed Asset utilisation – port throughput; oilseed and foods volumes Alternative protein – industry rese
Slide 12: Our sustainability progress
Our sustainability progress Our Environment Our Integrity Our People ISCC-EU accredited supply chain Zero product recalls Average 23 1.4mmt -6.1% Learning events completed per employee of ISCC certified Energy usage per tonne Board Sustainability Committee seed handled crushed at Numurkah establishe
Slide 13: Commitment to Zero Harm
Commitment to Zero Harm Focus on the safety of our people 12.6 3.9 8.9 7.7 6.5 6.7 2.6 2.3 1.8 0.8 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 • Improvement to RIFR, supported by rollout of Behavioural Safety Program and 'Safe Spine/Safe Mind' to operational leaders • Harm prevention is a key
Slide 14: Harvest update – 2022/23
Harvest update – 2022/23 ECA grain production well above average despite disrupted harvest Positive ECA winter cropping conditions supported above-average grain production in 2022/23. ABARES forecasts (from 6-Dec-22): — Total ECA winter crop: 26.9 mmt (FY22: 31.2mmt). 10-year average: 20.9mmt1 — E
Slide 15: Outlook
Outlook Another strong financial result expected in FY23 FY23 guidance Assumptions / variables FY23 guidance is subject to: • EBITDA of $470 – 530 million • 2H23 grain volumes, including sorghum • NPAT of $180 – 220 million receivals • Timing and volume of grain exports Agribusiness: • Supply chain
Slide 16: Business of the AGM
Business of the AGM Peter Richards
Slide 17: Business of the AGM
Business of the AGM For consideration Item 1: Consideration of Financial Statements and Reports Ordinary resolutions Item 2: Adoption of the Remuneration Report GrainCorp Silo Art in Sheep Hills, VIC Item 3: Re-election of Ms Kathy Grigg Item 4: FY23 Grant of Performance Rights to the Managing Direc
Slide 18: Item 1: Consideration of Financial Statements and Reports
Item 1: Consideration of Financial Statements and Reports To receive and consider the financial report (which includes the financial statements and the Directors’ Report and Auditor’s Report) for GrainCorp for the financial year ended 30 September 2022. Note: No resolution is required for this item
Slide 19: Item 2: Adoption of the Remuneration Report
Item 2: Adoption of the Remuneration Report To consider and, if thought appropriate, pass the following as an ordinary resolution: “That the Remuneration Report (which forms part of the Directors’ Report) of the Company for the financial year ended 30 September 2022 set out on pages 38 to 51 (inclus
Slide 20: Proxy and direct votes
Proxy and direct votes Item 2: Adoption of the Remuneration Report PROXY & DIRECT VOTES FOR OPEN AGAINST TOTAL Item 2 140,171,796 332,077 5,125,046 145,628,919 % vote 96.3% 0.2% 3.5% 65.1% of issued capital The Chairman of the Meeting will be voting open proxies in favour of the resolution 20
Slide 21: Item 3: Re-election of Ms Kathy Grigg
Item 3: Re-election of Ms Kathy Grigg To consider and, if thought appropriate, pass the following as an ordinary resolution: “That, for the purposes of ASX Listing Rules 14.4 and 14.5, article 11.3(a) of the Constitution of the Company and for all other purposes, Ms Kathy Grigg, retiring by rotation
Slide 22: Proxy and direct votes
Proxy and direct votes Item 3: Re-election of Ms Kathy Grigg PROXY & DIRECT VOTES FOR OPEN AGAINST TOTAL Item 2 143,326,796 341,743 3,470,796 147,139,335 % vote 97.4% 0.2% 2.4% 65.8% of issued capital The Chairman of the Meeting will be voting open proxies in favour of the resolution 22
Slide 23: Item 4: FY23 Grant of Performance Rights to the Managing Director and CEO
Item 4: FY23 Grant of Performance Rights to the Managing Director and CEO To consider and, if thought appropriate, pass the following as an ordinary resolution: “That, for the purpose of ASX Listing Rule 10.14 and for all other purposes, approval be given to grant 140,624 performance rights under th
Slide 24: Proxy and direct votes
Proxy and direct votes Item 4: FY23 Grant of Performance Rights to the Managing Director and CEO PROXY & DIRECT VOTES FOR OPEN AGAINST TOTAL Item 4 142,907,351 318,569 3,517,620 146,743,540 % vote 97.4% 0.2% 2.4% 65.6% of issued capital The Chairman of the Meeting will be voting open proxies in favo
Slide 25: Poll voting
| Poll voting
Slide 26: Meeting closed
| Meeting closed
Slide 27: GrainCorp Corporate Office
GrainCorp Corporate Office: Level 28 175 Liverpool Street Sydney NSW 2000 Australia Postal address: PO Box A268 Sydney South NSW 1235 Australia graincorp.com.au 27