Graincorp Limited Class A · ASX:GNC
Graincorp Limited Class A — Shareholder Meeting (December 2015)
41 slides from Graincorp Limited Class A's shareholder meeting presentation, Dec 18, 2015
Slide 1: FY15 Annual General Meeting
FY15 Annual General Meeting 18 December 2015 For personal use only
Slide 2: Disclaimer
Disclaimer For personal use only This presentation includes both information that is historical in character and information that consists of forward looking statements. Forward looking statements are not based on historical facts, but are based on current expectations of future results or events. T
Slide 3: Agenda
Agenda For personal use only 1. Chairman’s Address (Mr. Don Taylor) 2. Business of the Annual General Meeting (Mr. Don Taylor) • Resolutions • Shareholder Questions • Poll Voting 3. CEO’s Presentation (Mr. Mark Palmquist) 4. Results of Polls (Mr. Don Taylor) 5. Meeting Closed (Mr. Don Taylor) 3
Slide 4: Chairman's Address
For personal use only Chairman’s Address
Slide 5: Business of the AGM
Business of the AGM Slides 6 – 20: Procedural Instructions & Voting Mr. Don Taylor For personal use only
Slide 6: Business of the AGM
Business of the AGM For personal use only For Consideration 1 Consideration of Financial Statements and Reports Ordinary Resolutions 2 Adoption of the Remuneration Report 3 Election of Directors 4 3.1 Re-election of Mr. Don Taylor 3.2 Re-election of Mr. Donald McGauchie 3.3 Election of Mr. Peter Ric
Slide 7: Voting Cards & Visitors
Voting Cards & Visitors For personal use only GrainCorp Limited GrainCorp Limited Annual General Meeting Annual General Meeting 18 December, 2015 18 December, 2015 Non-Voting Shareholder Admission Card SHAREHOLDER/PROXYHOLDER Sample Only ADMISSION/VOTING CARD As a non-voting Shareholder you are remi
Slide 8: Consideration of the Financial Statements and Reports
Consideration of the Financial Statements and Reports For personal use only To receive and consider the Financial Statements and the Reports of the Directors and Auditor for the year ended 30 September 2015. 8
Slide 9: Adoption of the Remuneration Report
Adoption of the Remuneration Report For personal use only To consider and, if thought appropriate, pass the following ordinary resolution: “That the Remuneration Report (which forms part of the Directors’ Report) of GrainCorp Limited for the financial year ended 30 September 2015 set out on pages 23
Slide 10: Proxy & Direct Votes
Proxy & Direct Votes For personal use only Adoption of the Remuneration Report PROXY & DIRECT FOR OPEN AGAINST TOTAL VOTES Item 2 137,249,946 472,887 34,704,434 172,427,267 75.3% of % vote 79.6% 0.3% 20.1% issued capital The Chairman of the Meeting will be voting open proxies in favour of the resolu
Slide 11: Re-election/Election of Directors
Re-election/Election of Directors For personal use only DON C TAYLOR DONALD G McGAUCHIE AO PETER I RICHARDS Bcom, CA, GradCertRurSc, FACID FAICD BCom CHAIRMAN and NON-EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR 11
Slide 12: Re-election of Directors
Re-election of Directors For personal use only 3.1) To consider and, if thought appropriate, pass the following ordinary resolution: “That for the purposes of ASX Listing Rule 14.4, article 11.3(a) of the Constitution and for all other purposes, Mr. Don Taylor, retiring by rotation, being eligible a
Slide 13: Proxy & Direct Votes
Proxy & Direct Votes For personal use only Re-election of Director – Mr. Don Taylor PROXY & DIRECT FOR OPEN AGAINST TOTAL VOTES Item 3.1 177,549,669 469,019 699,383 178,718,071 78.1% of % vote 99.4% 0.3% 0.4% issued capital The Chairman of the Meeting will be voting open proxies in favour of the res
Slide 14: Re-election of Directors
Re-election of Directors For personal use only 3.2) To consider and, if thought appropriate, pass the following ordinary resolution: “That for the purposes of ASX Listing Rule 14.4, article 11.3(a) of the Constitution and for all other purposes, Mr. Donald McGauchie, retiring by rotation, being elig
Slide 15: Proxy & Direct Votes
Proxy & Direct Votes For personal use only Re-election of Director – Mr. Donald McGauchie PROXY & DIRECT FOR OPEN AGAINST TOTAL VOTES Item 3.2 177,306,660 469,666 941,745 178,718,071 78.1% of % vote 99.2% 0.3% 0.5% issued capital The Chairman of the Meeting will be voting open proxies in favour of t
Slide 16: Election of Director
Election of Director For personal use only 3.3) To consider and, if thought appropriate, pass the following ordinary resolution: “That for the purposes of ASX Listing Rule 14.4, article 11.3(c) of the Constitution and for all other purposes, Mr. Peter Richards, appointed on 9 November 2015, to fill
Slide 17: Proxy & Direct Votes
Proxy & Direct Votes For personal use only Election of Director – Mr. Peter Richards PROXY & DIRECT FOR OPEN AGAINST TOTAL VOTES Item 3.3 147,655,323 475,253 30,576,902 178,707,478 78.1% of % vote 82.6% 0.3% 17.1% issued capital The Chairman of the Meeting will be voting open proxies in favour of th
Slide 18: Grant of Performance Rights to Managing Director and CEO
Grant of Performance Rights to Managing Director and CEO Mr. Mark Palmquist For personal use only To consider and, if thought appropriate, pass the following ordinary resolution: “That the grant of Performance Rights under the Company’s equity incentive plans to Managing Director and Chief Executive
Slide 19: Proxy & Direct Votes
Proxy & Direct Votes Grant of Performance Rights to Managing For personal use only Director and CEO PROXY & DIRECT FOR OPEN AGAINST TOTAL VOTES Item 3 176,858,185 524,848 893,898 178,276,931 77.9% of % vote 99.2% 0.3% 0.5% issued capital The Chairman of the Meeting will be voting open proxies in fav
Slide 20: Poll Voting
Poll Voting For personal use only GrainCorp Limited Annual General Meeting 18 December, 2015 SHAREHOLDER/PROXYHOLDER ADMISSION/VOTING CARD Sample Only POLL VOTING In a poll, please mark a box below to indicate your voting intention. Ordinary Resolutions For Against Abstain Resolution 2 Adoption of t
Slide 21: CEO Presentation
CEO Presentation Mr. Mark Palmquist For personal use only
Slide 22: CEO Presentation
CEO Presentation For personal use only 1 FY15 Result Overview 2 Building a strong foundation for stability and growth in earnings 3 FY16 Outlook 22
Slide 23: Commitment to values driving positive outcomes
Commitment to values driving positive outcomes For personal use only Lost Time Injury Frequency Rate(1) All Injury Frequency Rate(2) 12.0 38.8 36.1 10.7 46% decrease 36% decrease 7.0 21.6 13.9 3.8 FY12 FY13 FY14 FY15 FY12 FY13 FY14 FY15 1. Lost Time Injury Frequency Rate (“LTIFR”) calculated as the
Slide 24: Earnings from Malt and Oils support challenging period for grains businesses
Earnings from Malt and Oils support challenging period for grains businesses For personal use only • Underlying earnings: $235M EBITDA(1) and $45M EBITDA by segment4 $M FY09 NPAT(2). Allied • Statutory NPAT: $32M after significant items(3). 13% • Dividend: fully franked FY15 final dividend of 2.5 ce
Slide 25: Strategic initiatives will better manage variability in earnings
Strategic initiatives will better manage variability in earnings For personal use only Manage variability Deliver growth Improve returns EBITDA by segment(1) $M EBITDA and NPAT(3) $M Return on Equity % FY09 Annual ROE % Rolling 5 yr avg ROE % FY09 FY15 7yr Avg Allied 13% 294 14.4% 13.0% 235 11.2% 10
Slide 26: Earnings profile reinforces the importance of investing for diversification
Earnings profile reinforces the importance of investing for diversification For personal use only EBITDA(1) $M Malt Oils Allied Marketing S&L 414 395 350 293 235 212 160 FY09 FY10 FY11 FY12 FY13 FY14 FY15 Investment in our processing businesses and continued operational improvements building increas
Slide 27: Capital investment for growth in more reliable earnings
Capital investment for growth in more reliable earnings For personal use only Storage & Logistics Marketing Malt Oils Invested (1) Underway (2) Balance (3) Over next ~3+ years 140 ~$254M(2) underway 83 94 26 47 30 24 13 15 47 15 First tranche (1) announced 171 ~$270M May 2015 invested Capital invest
Slide 28: S&L: Project Regeneration
S&L: Project Regeneration For personal use only 28
Slide 29: S&L: New site at Calleen
S&L: New site at Calleen For personal use only 29
Slide 30: S&L: Ports flexibility
S&L: Ports flexibility For personal use only Insert image Geelong Port 30
Slide 31: Oils: Network footprint
Oils: Network footprint For personal use only Insert photo of West Footscray from Doug 31
Slide 32: Oils: Liquid terminals expansions
Oils: Liquid terminals expansions For personal use only 32
Slide 33: Malt: Pocatello expansion
Malt: Pocatello expansion For personal use only 33
Slide 34: Malt: Operations excellence
Malt: Operations excellence For personal use only Insert perth borehole image or similar 34
Slide 35: Marketing: Expansion of grain origination footprint in Canada
Marketing: Expansion of grain origination footprint in Canada For personal use only 35
Slide 36: Marketing: Broadening our grain origination
Marketing: Broadening our grain origination For personal use only Europe Canada • Competitive point of difference • Joint venture with • Success with Barley Zen-Noh • New container packing facility • Increasing exposure to SE Asian customers WA & SA • Increasing origination and exports • Enhanced se
Slide 37: FY16 outlook
FY16 outlook For personal use only Storage & Logistics Oils • Eastern Australian crop production • High capacity utilisation for crushing estimate of 17.7mmt(1) • Refining volumes stabilising; potentially • Carry-in of 1.6mmt, lower than recent improved sales mix years • Consistently high capacity u
Slide 38: Focus 2016
Focus 2016 For personal use only Strategic Business unit priorities Outcomes Lenses Storage & Strengthening our grain Logistics handling proposition Supply Chain Grow our grain Marketing Marketing business Deliver on Complexity Delivering additional Malt Malt corporate & value Integration objectives
Slide 39: Results of Polls
Results of Polls Mr. Don Taylor For personal use only
Slide 40: Meeting Closed
For personal use only Meeting Closed
Slide 41: FY15 Annual General Meeting
FY15 Annual General Meeting 18 December 2015 For personal use only