Livestock Improvement Corporation Ltd · NZX:LIC
Livestock Improvement — Shareholder Meeting (September 2026)
34 slides from Livestock Improvement's shareholder meeting presentation, Sep 23, 2026
Slide 1: Shared insights, stronger herds.
Shared insights, stronger herds. LIC Annual Meeting 1.00pm, 23rd September 2026 1 LIC AGM 2026
Slide 2: Haere mai
Haere mai Corrigan Sowman Board Chair LIC 2 AGM | SEPTEMBER LIC AGM 2026 2026
Slide 3: Using the online platform
Annual Meeting 2026 Using the online platform Starts Sept 23rd at 1.00 PM NZDT 3 LIC AGM 2026
Slide 4: Today’s Agenda
Today’s Agenda 01 Opening remarks Corrigan Sowman, Chair ANNUAL MEETING 2026 02 Financial Performance Brent Mealings, Chief Financial Officer 03 Strategic Outlook David Chin, Chief Executive 04 Honoraria Report 05 Meeting Resolutions 06 General Business 4 LIC AGM 2026
Slide 5: Strategic Investments - Genomics
SECTION 01 - OPENING REMARKS Strategic Investments - Genomics • The co-op has invested significantly into 2 million genotypes building our genomic platform • The price of a genomic evaluation is down from $50 to $20 for dams and $31.75 for young stock • We processed 640,000 genotypes in the last 12
Slide 6: Strategic Investments – Service Improvements
SECTION 01 - OPENING REMARKS Strategic Investments – Service Improvements • Improving the turn around time of 2025 our genomic products has also been a big focus 640,000 samples • 61% increase in volume Four-week turnaround time • Two-week reduction in TAT 94% achieved • 52% improvement in achieveme
Slide 7: Strategic Investments – Wearables
SECTION 01 - OPENING REMARKS Strategic Investments – Wearables • Developing MINDA® APIs that allow third party providers to integrate with MINDA and share data • Building a digital ecosystem for NZ dairy • Wearable integrations free for wearable providers 7 LIC AGM 2026
Slide 8: Financial Performance
Financial Performance Brent Mealings Chief Financial Officer LIC 8 AGM | SEPTEMBER LIC AGM 2026 2026
Slide 9: Financial Highlights
SECTION 02 – FINANCIAL REVIEW Financial Highlights Strong balance sheet with no debt at year-end $314.8m $21.3m $21.8m $17.5m $408.5m Revenue Net profit after Underlying Dividend Total assets tax (NPAT) earnings* 12.26 cents per share, Up 6.7% from Down 30.4% from Up 0.4% from Up 4.2% from represent
Slide 10: Cost Pressures offset Revenue Growth
SECTION 02 – FINANCIAL REVIEW Cost Pressures offset Revenue Growth Revenue up 6.7% primarily driven by Genetics and Testing product performance $21.8m Offset by an increase in R&D spend; breeding scheme and Underlying Earnings digital platforms supporting the Genomics product Similar to last year at
Slide 11: A Focus on Delivering Consistent Results
SECTION 02 – FINANCIAL REVIEW A Focus on Delivering Consistent Results 11 LIC AGM 2026
Slide 12: Financial Highlights
SECTION 02 – FINANCIAL REVIEW Financial Highlights Underlying earnings Your co-op is continuing The co-op is committed for 2026/27 are its investment into to further investments uncertain given the customer-facing to improve and potential impact of systems and process enhance the security fuel cost
Slide 13: Strategic Outlook
Strategic Outlook David Chin Chief Executive LIC 13 AGM | SEPTEMBER LIC AGM 2026 2026
Slide 14: Rapidly Evolving Technology Landscape
SECTION 03 – STRATEGIC OUTLOOK Rapidly Evolving Technology Landscape Further investment will go into ensuring the 20 businesses co-operative remains relevant, secure and now connected to MINDA® competitive in this via integrations evolving landscape Over 9,000 separate connections 14 LIC AGM 2026
Slide 15: Investments
SECTION 03 – STRATEGIC OUTLOOK Investments • New Diagnostics Laboratory • Deliver the capacity for genomic and animal health testing • Benefits both the breeding program as well as disease management on farm 15 LIC AGM 2026
Slide 16: Investments
SECTION 03 – STRATEGIC OUTLOOK Investments Farmer selects: • % of Low BW cows to go to beef Cow IDs and mating All matings are groups sent to the LIC recorded and AB Technician via sent to MINDA® DataMate 16 LIC AGM 2026
Slide 17: How we deliver value
SECTION 03 – STRATEGIC OUTLOOK How we deliver value Within the co-operatives’ P&L Behind the farm gate and Balance sheet 17 LIC AGM 2026
Slide 18: How we deliver value
SECTION 03 – STRATEGIC OUTLOOK How we deliver value Southland 1998/99 2024/25 Herd 467 983 Herd Size 365 cows 612 cows Litres per farm 1.3m 3m Milksolids % 8.35% 9.29% Milksolids 109,000KgMS 287,000KgMS 18 LIC AGM 2026
Slide 19: How we deliver value
SECTION 03 – STRATEGIC OUTLOOK How we deliver value 1998/99 2024/25 Litres per 3m 3m farm Milksolids % 8.35% 9.29% Milksolids 258,000KgMS 278,000KgMS 19 LIC AGM 2026
Slide 20: Honoraria Report
Annual Meeting 2026 Honoraria Report Gordon Glentworth Honoraria Committee 20 20 ©Livestock LIC LICAGM AGM2026 2026 Improvement Corporation
Slide 21: Meeting Resolutions
Meeting Resolutions Corrigan Sowman Board Chair LIC 21 AGM | SEPTEMBER LIC AGM 2026 2026
Slide 22: Item 2: Resolution to approve LIC Directors’ Remuneration
Meeting Resolutions Item 2: Resolution to approve LIC Directors’ Remuneration To receive and consider the LIC Honoraria Committee’s recommendation as to Directors’ remuneration, and if thought fit, to resolve by way of ordinary resolution to: “Approve the total remuneration of all nine Directors to
Slide 23: LIC Directors’ Remuneration
Meeting Resolutions LIC Directors’ Remuneration Current Recommended $ Increase Chair $150,000 $157,500 $7,500 Director $74,000 $77,500 $3,500 Discretionary Pool* $70,000 $90,000 $20,000 Total $812,000 $867,500 $55,500 *Maximum pool available for additional duties and specialist skills, including rol
Slide 24: Item 3: Resolution to approve LIC Shareholder Reference Group Remuneration
Meeting Resolutions Item 3: Resolution to approve LIC Shareholder Reference Group Remuneration To receive and consider the LIC Honoraria Committee’s recommendation as to Shareholder Reference Group’s remuneration, and if thought fit, to resolve by way of ordinary resolution to: “Approve the total re
Slide 25: LIC Shareholder Reference Group Remuneration
Meeting Resolutions LIC Shareholder Reference Group Remuneration Current Recommended $ Increase SRG Chair $44,500 $47,000 $2,500 SRG Deputy Chair $23,000 $24,500 $1,500 Each of the SRG $16,500 $17,500 $1,000 Members Total $232,000 $246,500 $14,500 Daily Allowance $500 $500 $0 25 LIC AGM 2026
Slide 26: Item 4: Resolution to re-appoint KPMG as external auditor
Meeting Resolutions Item 4: Resolution to re-appoint KPMG as external auditor To consider, and if thought fit, to resolve by way of ordinary resolution to: “Re-appoint the chartered accountancy partnership KPMG as the Auditor until the conclusion of the Company’s next Annual Meeting, and that the Di
Slide 27: Item 5: Resolution to ratify the re-appointment of Sophie Haslem
Meeting Resolutions Item 5: Resolution to ratify the re-appointment of Sophie Haslem to the Board of Directors To consider, and if thought fit, to resolve by way of ordinary resolution to: “Ratify the re-appointment of Sophie Haslem as an Appointed Director to the Board of Directors for a term of th
Slide 28: Item 6: Election of one elected Director for the North Island Region
Meeting Resolutions Item 6: Election of one elected Director for the North Island Region To consider, and if thought fit: “Elect ONE (1) candidate representing the North Island Region as an Elected Director to the Board of Directors for a term of three years from the conclusion of this Annual Meetin
Slide 29: Item 7: Election of one member for Shareholder Reference Group, Upper North Island
Meeting Resolutions Item 7: Election of one elected member for the Shareholder Reference Group for the Upper North Island Territory To consider, and if thought fit: “Elect ONE (1) candidate from the Upper North Island Territory to the Shareholder Reference Group with effect from the conclusion of th
Slide 30: Item 8: Election of two members for Shareholder Reference Group, Lower North Island
Meeting Resolutions Item 8: Election of two elected members of the Shareholder Reference Group for the Lower North Island Territory To consider, and if thought fit: “Elect TWO (2) candidates from the Lower North Island Territory to the Shareholder Reference Group with effect from the conclusion of t
Slide 31: Item 9: Election of two members for Shareholder Reference Group, Upper South Island
Meeting Resolutions Item 9: Election of two Elected Members of the Shareholder Reference Group for the Upper South Island Territory To consider, and if thought fit: “Elect TWO (2) candidates from the Upper South Island Territory to the Shareholder Reference Group with effect from the conclusion of t
Slide 32: General Business
General Business Corrigan Sowman Board Chair LIC 32 AGM | SEPTEMBER LIC AGM 2026 2026
Slide 33: Questions?
Questions? LIC 33 AGM LIC AGM | SEPTEMBER 2026 2026
Slide 34: Ngā mihi
Ngā mihi LIC Annual General Meeting 2026 34 34 ©Livestock LIC LICAGM AGM2026 2026 Improvement Corporation
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