Graincorp Limited Class A · ASX:GNC
Graincorp Limited Class A — Shareholder Meeting (February 2006)
26 slides from Graincorp Limited Class A's shareholder meeting presentation, Feb 22, 2006
Slide 1: GrainCorp Annual General Meeting 22 February 2006
GrainCorp Annual General Meeting 22 February 2006 GrainCorp
Slide 2: Welcome by the Chairman
Welcome by the Chairman Mr Don Taylor Chairman GrainCorp Limited
Slide 3: Attendance and Apologies
Attendance and Apologies
Slide 4: Minutes of Previous Meeting
Minutes of Previous Meeting Graintors
Slide 5: Rules for participation
Rules for participation Shareholders and Proxy Holders must state their name and show their voting form to be entitled to speak at the meeting Geinton
Slide 6: Chairman's address
Chairman’s address Copies of the Chairman’s address will be available at the back of the hall at the conclusion of the meeting Geinton
Slide 7: Ordinary Business — voting instructions
Ordinary Business — voting " instructions ae We will state each resolution, allow for questions on each resolution and then ask shareholders and proxy holders to participate in a poll on all resolutions at the end. Geinton
Slide 8: Ordinary Business
Ordinary Business 1. Discussion of financial statements and reports - Shareholder questions - Questions to auditor - Remuneration Report Graintors
Slide 9: Questions from shareholders
Questions from shareholders Has AG Finance set a deposit level for 2006? Your annual report notes that the Comprehensive Business Review resulted in a flatter management structure, more responsive customer service approach and a more efficient administrative system. What changes have been implemente
Slide 10: 1. Adoption of Remuneration Report
1. Adoption of Remuneration Report To consider and if thought appropriate, pass the following ordinary resolution, with effect from the close of this meeting: “That the Remuneration Report as set out in the Report of the Directors be adopted” Geinton
Slide 11: 1. Adoption of Remuneration Report — Proxy Votes
1. Adoption of Remuneration Report Remuneration Report Proxy Votes FOR AGAINST UNDIRECTED ABSTAIN TOTAL RESOLUTION 1 19527805 6319659 1680487 390446 27918397 % vote of available 70.94 22.96 6.10 CHAIRMAN 7247834 6257624 1505464 390446 15401368 VOTING (included in total above) Granbors These figures
Slide 12: Questions from the floor of the AGM
1. Adoption of Remuneration Report Questions from the floor of the Annual General Meeting Geinton
Slide 13: 2. Election of Director
2. Election of Director To consider and if thought appropriate, pass the following ordinary resolution, with effect from the close of this meeting: “That Mr David Groves be elected as an Elected Director of the Company” Geinton
Slide 14: Election of Mr David Groves — Proxy Votes
2. Election of Director Election of Mr David Groves Proxy Votes FOR AGAINST UNDIRECTED ABSTAIN TOTAL RESOLUTION 2 12566812 4735719 1891075 8724918 27918524 % vote of available 65.47 24.67 9.85 CHAIRMAN 8887456 4684791 1752674 76574 15401368 VOTING (included in total above) Granbors These figures rel
Slide 15: Business presentation
Business presentation Tom Keene Managing Director 22 February 2006 GrainCorp
Slide 16: Result Highlights 2004/05
Result Highlights 2004/05 Strong cash flow generating $52.2 million from operations allowing $29 million retirement of debt 10.2 million tonnes of grain was received 4.7 million tonnes of grain was exported through our export terminals Carry in of 3.0 million tonnes at start of 2004/05, up from 1.4
Slide 17: Supply Chain Strategy
GrainCorp Supply Chain Strategy Linking BUs is important because: » Grows non-S&H earnings, and defends S&H " Creates interdependent BUs with own growth opportunities " Creates competitive advantage " Leveraging S&H network is unique Linking BUs creates value through: = Lower costs « Improved custom
Slide 18: Finance
Finance GranCorn tom AG Finance ; Highlights 2004/05 "New deposits business launched in September 2005 — AFS licence obtained and systems implemented «Provides cheaper access to debt finance broadened interface with customers «*Prospectus mailed to every grain grower on east coast; lead generation u
Slide 19: AG Plus Highlights 2004/05
@ Biaicors | Highlights 2004/05 «Disappointing performance ($0.8 million) resulting from difficult climatic conditions and competitive environment "Acquisition of Goddard’s business extends the AG Plus service offering to include a full service model "New General Manager, John Molenaar, has been rec
Slide 20: Marketing Highlights 2004/05
Highlights 2004/05 25% growth in Pools market share on previous year +Restructure and relaunch of ARMS — new products and website servicing loyal customer base «Solid cash trading performance in difficult year *Pleasing financial performance of EBIT $17.8m with reduced grain volume Strategy 2005/06
Slide 21: Storage & Handling
Storage & Handling Highlights 2004/05 «Restructure of business unit to produce flatter and more responsive management structure and centralise back office functions «Successful first year of operation for Export Grain Logistics (ExGL) «Long term woodchip agreement for Port of Portland in Victoria to
Slide 22: Transport Highlights 2004/05
Highlights 2004/05 «Transport business unit relaunched as ‘AG Haul’ *GrainCorp train utilised to full capacity « Introduction of second train operating in NSW +4 million tonnes moved by road Development of GrainCorp compliance system for Chain of Responsibility Legislation concerning loading of truc
Slide 23: Allied Mills
Allied Mills Highlights 2004/05 «Completion of 3 year restructure program which resulted in consolidated product lines and headcount reduction from 850 to 550 *Appointment of new Managing Director, Joe Di Leo «Secured DA approval for new site at Picton in NSW. Development would establish Allied Mill
Slide 24: Major GrainCorp issues
Major GrainCorp issues "Need to grow share of domestic market with particular emphasis on feed industry «Defense of Storage & Handling business mainly from growth of on-farm storage «Ensure consistent and customer focused employee culture across geographic operations almprove competitive position in
Slide 25: Outlook 2005/06
Outlook 2005/06 Profit forecast $26-30 million (pre RPS) for 2005/06 Winter crop receivals of 10.2 million tonnes Summer crop forecast receivals of 0.5 million tonnes Carry-in grain stocks of 3.1 million tonnes Forecast export tonnages of 5.5 million tonnes reflecting the improved harvest Graintors
Slide 26: Questions
Questions Graintors