Slide 1: Welcome to the PGG Wrightson Limited Annual Shareholder Meeting
Welcome to the PGG Wrightson Limited Annual Shareholder Meeting Napier 2014
Slide 2: Agenda
Agenda • Introductions • Formalities • Chairman’s Address • The Year in Review • Our Strategy • Outlook for this year • Questions & Discussions • Resolutions & Poll
Slide 3: Board of Directors
Board of Directors Left to right: John Nichol, Trevor Burt, Alan Lai, Bruce Irvine, Kean Seng U, Ronald Seah, and Patrick Tsang.
Slide 4: On stage today
On stage today Chairmen Alan Lai, Trevor Burt, Chairman Deputy Chairman Management Rob Woodgate, Julian Daly, Mark Dewdney, Chief Financial Officer GM Strategy & Corporate Chief Executive Officer & Corporate Affairs
Slide 5: Other Executive management team members in attendance today
Other Executive management team members in attendance today Grant Edwards, Stephen Guerin, GM Regions GM Retail John McKenzie, Peter Moore, Cedric Bayly, GGM, Seed & Grain GM Livestock GM Wool
Slide 6: Formalities
Formalities • Notice of Meeting • Minutes • Proxies • Annual Financial Statements
Slide 7: Chairman's Address
dress Alan Lai Helping grow the country 3 2 ¢G * d . . ae lt ae . . Se Ng, SE e ~ ° ‘>= ow’
Slide 8: Our strongest result for several years
OUR STRONGEST RESULT for several years
Slide 9: The Year in Review
The Year in Review Mark Dewdney
Slide 10: Operating EBITDA Reconciliation
Operating EBITDA Reconciliation June June ($m) 2014 2013 Profit/(loss) for the period 42.3 (306.5) (GAAP, commonly referred to as Net Profit after Tax) Add (Profit)/loss from discontinued operations (net of income tax) (0.9) 1.6 Add Income tax expense 8.5 5.0 Add Net interest and finance costs 7.9 9
Slide 11: Snapshot
PGG Wrightson SNAPSHOT PGG Wrightson Irrigation & Pumping acquires Water Dynamics and Aquaspec to create PGG Wrightson Water. New stores opened in Ashburton, Waimate and Culverden and our store in Rangiora re-opened. Divestment of interest in 4Seasons Feeds Joint Venture. PGG Wrightson Real Estate e
Slide 12: This year's strong financial result
This year’s Revenue 486.0 T 12.1% strong oe rae financial result EBITDA RETAIL Revenue 102.0 1 28.3% Operating 5.9 4 19.6% EBITDA Helping grow the country
Slide 13: Almost every business improved on 2013
Almost every business improved on 2013
Slide 14: Our Strategy
Our Strategy Improve Improve Grow . Change
Slide 15: Our Strategy: Improve
Our Strategy Improve Improve • “One PGW” is our mantra to continually strive to improve every part of • Enhancing the customer our business and deliver a better experience . customer experience. • Mobility • Organisational efficiency
Slide 16: Our Strategy: Grow
Our Strategy Grow recognises those opportunities • Dairy within the business that require deliberate and focused • Water investment in order to drive South America market share gains and • • China demonstrate market leadership.
Slide 17: Change
Change or “Game-changers” describes those strategies that have the potential to fundamentally alter the way in which we do business as new technology is adopted and new regulation is introduced.
Slide 18: Outlook for 2014/15
Outlook for 2014/15 We believe we can better FY14’s Operating EBITDA of $58.7m
Slide 19: Questions and Discussion
Questions and Discussion Helping grow the country
Slide 20: Business of the Meeting
Business of the Meeting • The election of Directors • To authorise the directors to fix the remuneration of the auditors
Slide 21: John Nichol
John Nichol CA Independent Director John Nichol was appointed to the PGG Wrightson Board on 22 October 2013. John has been Managing Director of Optica Life Accessories Limited for the past 11 years. Prior to that he held a number of executive roles within the banking and finance sector and for 10 ye
Slide 22: Bruce Irvine
Bruce Irvine B.Com, LLB, FCA, FNZIM, AF Inst D Independent Director Bruce Irvine was appointed to the PGG Wrightson Board on 24 June 2009 and is Chairman of the Audit Committee. Bruce was Managing Partner at Deloitte Christchurch from 1995 to 2007 before his retirement in May 2008. He now acts as an
Slide 23: Guanglin (Alan) Lai
Guanglin (Alan) Lai Bachelor of Business (Accounting), M.Fin Chairman Alan Lai was appointed as Chairman of PGG Wrightson Limited on 22 October 2013 and has been a Director since 30 December 2009. Alan has served as the Chairman of Agria Corporation’s Board of Directors since June 2007 and is a memb
Slide 24: Resolution 4 Auditors' Remuneration
Resolution 4 Auditors’ Remuneration
Slide 25: General Business
General Business Helping grow the country
Slide 26: Thank you for attending
—SS——_ PGG Wrightson Thank you for attending Helping grow the country
Slide 27: PGG Wrightson
I —— PGG Wrightson Helping grow the country
Slide 28: Results of Poll
Results of Poll TBC Helping grow the country