Duxton Farms Limited · ASX:DBF
Duxton Farms — Shareholder Meeting (November 2024)
22 slides from Duxton Farms's shareholder meeting presentation, Nov 29, 2024
Slide 1: Duxton Farms FY2024 Annual General Meeting Presentation
For personal use only Duxton Farms FY2024 Annual General Meeting Presentation DUXTON FARMS LTD | NOVEMBER 2024
Slide 2: Disclaimer
Disclaimer For personal use only This presentation was prepared by Duxton Capital (Australia) Pty Ltd [ACN: 164 225 647; AFSL no. 450218] (“DC Australia”) as Investment Manager on behalf of Duxton Farms Limited [ACN 129 249 243] (“Duxton Farms” or “DBF”). The content of this presentation is intended
Slide 3: Contents
Contents For personal use only SLIDE 4 THE TEAM SLIDE 5 THE AGENDA SLIDE 6 CHAIRMAN’S ADDRESS SLIDE 7 OPERATING AND FINANCIAL RESULTS SLIDE 8 OPERATIONAL UPDATE SLIDE 9 PORTFOLIO AND STRATEGY UPDATE SLIDE 13 RESOLUTIONS SLIDE 22 Q&A
Slide 4: The Duxton Farms Team
Duxton Farms FY2024 Annual General Meeting The Duxton Farms Team A HIGHLY EXPERIENCED TEAM WITH A BROAD MIX OF SKILLS IN AGRIBUSI NESS. The Board For personal use only • Ed Peter, Chairman • Mark Harvey, Deputy Chairman & Chair of the Nomination and Remuneration Committee • Wade Dabinett, Chair of t
Slide 5: Today's Agenda
Today’s Agenda Items of Business For personal use only • For Consideration: The Financial Reports of the Directors and Auditors • Resolution One: Adoption of the Remuneration Report • Resolution Two: Election of Rachel Triggs as Director • Resolution Three: Re-election of Stephen Duerden as Director
Slide 6: Chairman's Address
Duxton Farms FY2024 Annual General Meeting Chairman’s Address PORTFOLIO OVERVIEW • Duxton Farms seeks to provide investors with direct exposure to the Australian For personal use only agricultural sector via a portfolio of mixed farming properties. • Duxton Farms is the only ASX-listed integrated fa
Slide 7: Operating and Financial Results
Duxton Farms FY2024 Annual General Meeting Operating and Financial Results THE 2024 SEASON AND FINANCIAL PERFORMANCE • Duxton Farms experienced strong growing conditions, recovering well after the For personal use only 2022 and 2023 flood seasons. Duxton Farms Historic Cumulative Value Creation 120
Slide 8: Operational Update
Duxton Farms FY2024 Annual General Meeting Operational Update REPORT FROM OPERATIONS TEAM • The 2024 winter cropping season was the second-largest on record, and the For personal use only Operations Team at Forbes, Piambie and in the Northern Territory are to be commended. • The Operations Team is i
Slide 9: Portfolio and Strategy Update: New South Wales and Victoria
Duxton Farms FY2024 Annual General Meeting Portfolio and Strategy Update NEW SOUTH WALES AND VICTORIA • The Company is continuing to cycle out of its dryland cropping assets in line with For personal use only its stated strategy to diversify its exposure to the Australian agricultural sector. • Duxt
Slide 10: Portfolio and Strategy Update: Northern Territory
Duxton Farms FY2024 Annual General Meeting Portfolio and Strategy Update NORTHERN TERRITORY • The Northern Territory’s agricultural economy has traditionally been dominated by For personal use only low-density grazing. • Duxton Farms is seeking to participate in the development of diversification wi
Slide 11: Portfolio and Strategy Update: Equity Investments and Diversification
Duxton Farms FY2024 Annual General Meeting Portfolio and Strategy Update EQUITY INVESTMENTS AND DIVERSIFICATION • Duxton Farms’ investment strategy has been focused on diversification since late For personal use only 2021. • Equity investments are one part of this strategy, as a method to balance th
Slide 12: Today's Agenda
Today’s Agenda Items of Business For personal use only • For Consideration: The Financial Reports of the Directors and Auditors • Resolution One: Adoption of the Remuneration Report • Resolution Two: Election of Rachel Triggs as Director • Resolution Three: Re-election of Stephen Duerden as Director
Slide 13: Business: Financial Reports of the Directors and Auditors
Duxton Farms FY2024 Annual General Meeting Items of Business FOR CONSIDERATION: THE FINANCIAL REPORTS OF THE DIRECTORS AND AU DITORS The Company’s Annual Report for the period ended 30 June 2024 was released on the For personal use only 29th of August 2024, and sent to those shareholders who request
Slide 14: Resolution One: Adoption of the Remuneration Report
Duxton Farms FY2024 Annual General Meeting Items of Business RESOLUTION ONE: ADOPTION OF THE REMUNERATION REPORT To consider, and if thought fit to pass, the following resolution as a non-binding For personal use only ordinary resolution: “To adopt the Remuneration Report as contained in the Company
Slide 15: Resolution Two: Election of Director Rachel Triggs
Duxton Farms FY2024 Annual General Meeting Items of Business RESOLUTION TWO: ELECTION OF DIRECTOR RACHEL TRIGGS To consider, and if thought fit to pass, the following resolution as an ordinary For personal use only resolution: “That, for the purposes of Listing Rule 14.5 and all other purposes, Rach
Slide 16: Resolution Three: Re-election of Director Stephen Duerden
Duxton Farms FY2024 Annual General Meeting Items of Business RESOLUTION THREE: RE-ELECTION OF DIRECTOR STEPHEN DUERDEN To consider, and if thought fit to pass, the following resolution as an ordinary For personal use only resolution: “Pursuant to Article 49 of the Company’s Constitution and Listing
Slide 17: Resolution Four: Re-election of Director Mark Harvey
Duxton Farms FY2024 Annual General Meeting Items of Business RESOLUTION FOUR: RE-ELECTION OF DIRECTOR MARK HARVEY To consider, and if thought fit to pass, the following resolution as an ordinary For personal use only resolution: “Pursuant to Article 49 of the Company’s Constitution and Listing Rule
Slide 18: Resolution Five: Approval of Issue of Shares
Duxton Farms FY2024 Annual General Meeting Items of Business RESOLUTION FIVE: APPROVAL OF ISSUE OF SHARES To consider, and if thought fit to pass, the following resolution as an ordinary For personal use only resolution: “That for the purpose of ASX Listing Rule 7.4 and for all other purposes, appro
Slide 19: Resolution Six: Approval of Issue of Shares
Duxton Farms FY2024 Annual General Meeting Items of Business RESOLUTION SIX: APPROVAL OF ISSUE OF SHARES To consider, and if thought fit to pass, the following resolution as an ordinary For personal use only resolution: “That for the purpose of ASX Listing Rule 7.4 and for all other purposes, approv
Slide 20: Resolution Seven: Issue of Equity Securities, Listing Rule 7.1A
Duxton Farms FY2024 Annual General Meeting Items of Business RESOLUTION SEVEN: APPROVAL OF ISSUE OF EQUITY SECURITIES FOR THE PURPOSE OF ASX LISTING RULE 7.1A To consider, and if thought fit to pass, the following resolution as a special For personal use only resolution: "That, for the purposes of L
Slide 21: Thank You, Q&As
For personal use only THANK YOU Q&As DUXTON FARMS LTD | NOVEMBER 2024
Slide 22: Duxton Capital contact details
For personal use only Duxton Capital (Australia) Pty Ltd 7 Pomona Road, Stirling SA 5152 +61 8 8130 9500 enquiries@duxtonam.com Noah Johnston (Marketing and Communications Coordinator) noah.johnston@duxtonam.com Caspar Peter (Portfolio Manager) caspar.peter@duxtonam.com duxtonam.com