Range International Limited · ASX:RAN
Range International — Shareholder Meeting (May 2017)
45 slides from Range International's shareholder meeting presentation, May 19, 2017
Slide 1: 2017 Annual General Meeting presentation
Range International Limited For personal use only 2017 Annual General Meeting presentation 19 May 2017
Slide 2: Chairman's address
For personal use only Chairman’s address Click to edit Master title style
Slide 3: Range International Board of Directors
3 2017 Annual General Meeting For personal use only Mark Daniel Matthew Bill Koeck Stewart Hall Lars Amstrup Darby Chairman Founder and Non-Executive Non-Executive Managing (Independent) Executive Director Director Director Director (Independent) RANGE INTERNATIONAL BOARD OF DIRECTORS RANGE INTERNAT
Slide 4: Operational update
4 Operational update For personal use only ▪ New facility established in East Java which will provide Range a total of 14 lines after full build out ▪ Three lines operating, fourth to come on line early June ▪ The team have developed new product range ▪ Sales outlook improving ▪ Focused on cash mana
Slide 5: ThermoFusion
5 ThermoFusionTM For personal use only ▪ Recognised as a unique and environmentally efficient process ▪ Approached by multiple parties interested in the technology — mixed plastic recycling — alternative product development across a range of industries to be explored RANGE INTERNATIONAL LTD 2017
Slide 6: Board's strategic priorities
6 Board’s strategic priorities For personal use only • Continue focus on operational excellence with remaining production ramp up • Oversee rollout of enhanced sales and marketing capability • In response to recent inbound enquiries, explore potential strategic initiatives to complement direct sales
Slide 7: Global pallet industry
7 Global pallet industry For personal use only ▪ Global pallet market is estimated at US$50 billion in annual sales in 2017 ▪ More than 5 billion pallets (90% wood) expected to be produced in 2017 Source: Frost & Sullivan, Independent Market Report RANGE INTERNATIONAL LTD 2017
Slide 8: Managing Director's presentation
For personal use only 8 Managing Director’s presentation
Slide 9: Table of contents
9 Table of contents For personal use only 1. Range executive management 2. Operations 3. Cash management 4. Sales RANGE INTERNATIONAL LTD 2017
Slide 10: 1. Range executive management
For personal use only 10 1. Range executive management
Slide 11: Executive management
11 Executive management For personal use only Lars Amstrup Geoff Walker Ken Brandt Rachelle Woodsford Bambang Garnadi Managing Director CFO, Head of Finance Head of Development Head of Sales and Head of Operations Marketing ▪ 30 years’ experience in supply ▪ Experienced CFO with listed ▪ Over 20 yea
Slide 12: 2. Operations
For personal use only 2. Operations Click to edit Master title style
Slide 13: New East Java facility
13 New East Java facility For personal use only ▪ Facility will enable Range to ramp up to a total of 14 production lines ▪ By the end of June, expect to have six lines available for production ▪ Centralised raw material processing systems will increase efficiency and reduce wastage ▪ New water trea
Slide 14: Pasuruan (East Java) factory
For personal use only 14 Pasuruan (East Java) factory - situated in Surabaya Industrial Estate Rungkut (SIER), Surabaya, in a Bonded Zone. RANGE INTERNATIONAL LTD 2017
Slide 15: Pasuruan (East Java) factory
For personal use only 15 Pasuruan (East Java) factory RANGE INTERNATIONAL LTD 2017
Slide 16: Pasuruan (East Java) factory
For personal use only 16 Pasuruan (East Java) factory RANGE INTERNATIONAL LTD 2017
Slide 17: Production capacity
17 Production capacity For personal use only ▪ Range has made a significant investment in production capacity and has the ability to support the current sales pipeline — Three new production lines currently operating at East Java facility — One additional production line scheduled for commissioning
Slide 18: Pasuruan (East Java) factory
For personal use only 18 Pasuruan (East Java) factory RANGE INTERNATIONAL LTD 2017
Slide 19: 3. Cash management
For personal use only 3. Cash Click to management edit Master title style
Slide 20: Cash management
20 Cash management For personal use only ▪ Company has implemented initiatives to improve cash management — Significantly reducing operating overheads — Deferred non essential work for the East Java facility — Reducing current capital expenditure to enhance cashflow ▪ Production costs per pallet wil
Slide 21: 4. Sales
For personal use only 4. Sales Click to edit Master title style
Slide 22: Re>Pal stand at Asia Warehousing Show, Bangkok
22 Re>PalTM Stand at Asia Warehousing Show, Bangkok For personal use only RANGE INTERNATIONAL LTD 2017
Slide 23: Re>Pal Product Suite Launched in Bangkok April 2017
23 Re>PalTM Product Suite Launched in Bangkok 27 April 2017 For personal use only NSP NP Nesting Nesting Stacking & Racking HD RP Heavy Duty Racking RANGE INTERNATIONAL LTD 2017
Slide 24: The Re>Pal Nestable Pallet
24 The Re>PalTM Nestable Pallet For personal use only NP Nesting 1200 x 1000 1090 x 1090 RANGE INTERNATIONAL LTD 2017
Slide 25: The Re>Pal Heavy Duty Pallet
25 The Re>PalTM Heavy Duty Pallet For personal use only HD Heavy Duty 1200 x 1000 RANGE INTERNATIONAL LTD 2017
Slide 26: The Re>Pal Nestable Stackable Pallet
26 The Re>PalTM Nestable Stackable Pallet For personal use only NSP Nesting Stacking & Racking 1200 x 1000 1090 x 1090 RANGE INTERNATIONAL LTD 2017
Slide 27: The Re>Pal Rackable Pallet
27 The Re>PalTM Rackable Pallet For personal use only RP Racking 1200 x 1000 RANGE INTERNATIONAL LTD 2017
Slide 28: Re>Pal pallets – game changers in supply chains
28 Re>PalTM pallets – game changers in supply chains For personal use only ▪ Price competitive with wood and significantly cheaper than plastic alternatives ▪ Enhanced functionality over wood pallets ▪ Significant environmental benefits – Co2, deforestation, energy consumption ▪ Made from 100% recyc
Slide 29: Regional sales team
29 Regional sales team For personal use only ▪ Region wide sales team China across eight countries Beijing Qingdao Shanghai Shanghai Shanghai Guangzhou ▪ Continuing to expand the reach of the sales presence Thailand ▪ Local management with local UAE knowledge Vietnam Philippines Global South East As
Slide 30: Sales outlook
30 Sales outlook For personal use only ▪ Rachelle Woodsford and regional sales team developing growing pipeline of leads — targeting recurring, blue-chip sales that require significant lead time to adoption — SME market offers earlier uptake — focus on Asia – fastest growing market globally ▪ Signif
Slide 31: Disclaimer
31 DISCLAIMER You must read the following notices before reading or making any use of this presentation or any information contained in this presentation. By continuing to For personal use only read, use or otherwise act on this presentation, you agree to be bound by the following terms and conditio
Slide 32: 2017 Annual General Meeting Formal Business
32 2017 Annual General Meeting For personal use only Formal Business RANGE INTERNATIONAL LTD 2017
Slide 33: Receipt of Financial Report, Directors' Report and Auditor's Report
33 Item 1 – Receipt of Financial Report, Directors’ Report and For personal use only Auditor’s Report To receive and consider the Company’s Financial Report, Directors' Report and the Auditor’s Report for the year ended 31 December 2016. RANGE INTERNATIONAL LTD 2017
Slide 34: Remuneration Report
34 Item 2 – Remuneration Report For personal use only To consider and, if thought appropriate, pass the following resolution as an ordinary resolution: “That the Company’s Remuneration Report for the financial year ended 31 December 2016 be adopted”. In accordance with section 250R(3) of the Corpora
Slide 35: Remuneration Report Proxy Votes
35 Item 2 – Remuneration Report For personal use only Proxy Votes For 23,705,145 92.02% Against 1,038,212 4.03% Open 1,017,183 3.95% Total 25,760,540 Abstain 98,000 RANGE INTERNATIONAL LTD 2017
Slide 36: Approval of the Range Retain and Grow Incentive Plan
36 Item 3 – Approval of the Range Retain and Grow Incentive Plan For personal use only To consider and, if thought appropriate, pass the following resolutions as ordinary resolutions: (a) “That for the purposes of ASX Listing Rules 7.2 (Exception 9), and for all other purposes, approval be given for
Slide 37: Retain and Grow Incentive Plan Proxy Votes
37 Item 3 – Approval of the Range Retain and Grow Incentive Plan For personal use only Proxy Votes For 23,792,585 92.13% Against 1,015,772 3.93% Open 1,017,183 3.94% Total 25,825,540 Abstain 33,000 RANGE INTERNATIONAL LTD 2017
Slide 38: Issue of securities to Lars Amstrup under RAG Plan
38 Item 4 Approval for the issue of securities to Lars Amstrup For personal use only under the Range RAG Plan This Item has been withdrawn RANGE INTERNATIONAL LTD 2017
Slide 39: Re-election of Matthew Darby
39 Item 5 – Re-election of Matthew Darby For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That Mr Matthew Darby, who retires by rotation in accordance with the Constitution of the Company and who, being eligible, offers himself for r
Slide 40: Re-election of Matthew Darby Proxy Votes
40 Item 5 – Re-election of Matthew Darby For personal use only Proxy Votes For 32,629,895 96.02% Against 334,300 0.98% Open 1,017,183 2.99% Total 33,981,378 Abstain 0 RANGE INTERNATIONAL LTD 2017
Slide 41: Constitutional amendment to allow for direct voting
41 Item 6 – Constitutional amendment to allow for direct voting For personal use only To consider and, if thought fit, to pass, with or without amendment, the following resolutions as special resolutions: “That, for the purposes of section 136 of the Corporations Act and for all other purposes, the
Slide 42: Constitutional amendment to allow for direct voting (Cont.)
42 Item 6 – Constitutional amendment to allow for direct voting For personal use only (Cont.) 17.4 Direct voting The directors may decide that, at any general meeting or class meeting, a member who is entitled to attend and vote on a resolution at that meeting is entitled to a direct vote in respect
Slide 43: Constitutional amendment Proxy Votes
43 Item 6 – Constitutional amendment to allow for direct voting For personal use only Proxy Votes For 32,607,395 95.97% Against 341,800 1.01% Open 1,027,183 3.02% Total 33,976,378 Abstain 5,000 RANGE INTERNATIONAL LTD 2017
Slide 44: End of Formal Business
44 2017 Annual General Meeting For personal use only End of Formal Business RANGE INTERNATIONAL LTD 2017
Slide 45: For personal use only
For personal use only 45 RANGE INTERNATIONAL LTD 2017