Allied Farmers Limited · NZX:ALF
Allied Farmers — Shareholder Meeting (November 2020)
27 slides from Allied Farmers's shareholder meeting presentation, Nov 24, 2020
Slide 1: Annual Shareholder Meeting, 24 November 2020
ALLIED Za Serving the Rural Community for over 130 years. Annual Shareholder Meeting Tuesday, 24 November 2020
Slide 2: Welcome & Introduction
( Welcome & Introduction >»
Slide 3: Summary Profit and Loss
Allied Farmers Limited SUMMARY PROFIT AND LOSS 2020 2019 $m $m Income 20.1 20.6 Expenses (19.0) (18.4) Taxation 0.1 (0.2) Net Profit After Tax 1.2 2.0 Parent Owners Share 0.8 1.3 3
Slide 4: Growing the business, with an improving balance sheet
Growing the business, with an improving balance sheet Gearing Revenue ($m) Net Debt / (Net Debt + Equity) 25.0 90% 80% 20.0 70% 60% 15.0 50% 40% 10.0 30% 20% 5.0 10% 0.0 0% 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 * Gearing FYE 2020 includes lease liabilities on properties of $0.5m 4
Slide 5: Highlights
Highlights • Deployed NZ’s first hybrid auction system allowing yards to re-open during COVID-19 lockdown. • Improving health and safety, risk management and staff wellbeing. • Strengthened Board with the appointment of Ross Verry to chair and lead our Finance business. • Appointed KPMG as auditors,
Slide 6: Dividend
Dividend 1.2 cents per share 17.9 M shares $214,266 Fully Imputed $495,970 Gross Dividend 1.67 cents per share Record Date 14 December 2020 Payment Date 15 January 2021 6
Slide 7: Allied Farmers - Rural
Allied Farmers - Rural CEO - Steve Morrison 7
Slide 8: Working with Farmers for Farmers
• NZ Farmers Livestock Agency • MyLivestock platform and App • Redshaw Livestock • Farmers Meat Export • Livestock Finance – Bullplan and general • AFL’s Rural Finance SolutioNZ • Associated Auctioneers JV interests (Saleyards Management) Working with Farmers for Farmers 8
Slide 9: To be the best solution provider to livestock farmers
• To be the best solution provider to livestock farmers, growing value for them and our investors. • Experienced and growing team • Adding value for clients - every day • Sales/purchase channel & Deal closure • Win-Win business • Moving with (or ahead of) the times • Integrated Finance and FMEL busi
Slide 10: A Challenging Year
A Challenging Year • Life with M bovis – Biosecurity pledge • Ahead at the half year – across the board • Widespread severe drought – affects lingering even today • Covid 19 – Essential service & Auckland lockdown access • Supported our staff, appreciated the Gov support • Worked hard for farmers •
Slide 11: MyLiveStock
LIVESTOCK \ Working with Farmers for Farmers MyLiveStock Working with Farmers for Farmers Website | Mobile | App ALLIED ITS :
Slide 12: Working with Farmers for Farmers
Working with Farmers for Farmers Live Auction | Stratford HELP REFRESH Store Sale TALLY BREED AGE TYPE TOTAL AVE (kg) (kg) 4 Hereford —R2yr Steers 1905.00 476.25 Friesian Previous Bid: Bidder On Location $1080.00/head Current Bid: Bidder On Location $1085.00/head 12
Slide 13: NZ Farmers Livestock
LIVESTOCK Working with Farmers for Farmers {| |) Ore seme | NZ FARMERS mg > (N@FARMERS TES Website | Mobile | App
Slide 14: Today
Today: • Ongoing Growth – recruitment, digital, acquisition, Northland, South Island, yard access • NZFLL Group EBT • Solid livestock agency performance • FMEL growth – Covid challenges; exploring options • Redshaws in line with acquisition basis • Covid Management & Recovery • Continued bank suppor
Slide 15: Current Performance
Current Performance 2020/21 Performance – first 4 months Livestock - Slow start, accelerating in November - Farmer caution, weather/grass - M bovis - Softer market pricing - Dairy farm sales/movements - Positive - with farmer focus and a good team -Digital effort & investment Meat Processing - Third
Slide 16: Health and Safety of our staff a key priority
• Health and Safety of our staff a key priority – Audit, charter, car-tracking, operational focus • Structure, resource and focus to ensure compliance, animal welfare and risk management 16
Slide 17: Looking Forward
Looking Forward: • Working with farmers for farmers • Building & supporting teams • Digital tools/enablement • Developing FMEL business • Broader farmer finance options • Agri-innovation • Integrating/enabling parent initiatives • Enhancing control • Building value & contribution 17
Slide 18: Livestock - Working with Farmers for Farmers
(~ LIVESTOCK Working with Farmers for Farmers Website | Mobile | App _
Slide 19: Thank you
Thank you Working with Farmers for Farmers 19
Slide 20: Questions
Questions 20
Slide 21: Business Resolutions
Business Resolutions 21
Slide 22: Resolution 1. Approval of Consideration Shares Placement
Resolution 1. Approval of Consideration Shares Placement That, under NZX Listing Rule 4.2.1(a) (Shareholder approval for issues by Ordinary Resolution), the Company is authorised to issue Elevation Capital Management Limited, Richard Paget Milsom, RPMilsom Investments Limited and Hopeton Trustee Com
Slide 23: Resolution 2. Approval of Capital Raise Placements
Resolution 2. Approval of Capital Raise Placements That the Company is authorised to issue shares to investors under Listing Rule 4.2.1(a) (Shareholder approval for issues by Ordinary Resolution) within 12 months of the date of the Meeting for an issue price of NZD$0.50 per share and in an aggregate
Slide 24: Resolution 3. Auditor's Fees
Resolution 3. Auditor’s Fees That the re-appointment of KPMG as the auditor of the Company be recorded and the Directors be authorised to fix the auditor’s remuneration for the ensuing year. 24
Slide 25: General Business
General Business 25
Slide 26: Ends
Ends 26
Slide 27: Ends
Ends 27