Nufarm Limited · ASX:NUF
Nufarm — Shareholder Meeting (December 2018)
20 slides from Nufarm's shareholder meeting presentation, Dec 6, 2018
Slide 1: Nufarm Limited 2018 Annual General Meeting
Nufarm Limited 2018 Annual General Meeting December 6, 2018
Slide 2: Mr Donald McGauchie, Chairman
Mr Donald McGauchie Chairman
Slide 3: Drought conditions continued across autumn and winter
Drought conditions continued across autumn and winter Driest autumn since 1902 in parts of the country 3
Slide 4: Mr Greg Hunt, Managing Director and CEO
Mr Greg Hunt Managing Director and CEO
Slide 5: We have strengthened our safety culture
We have strengthened our safety culture Nufarm Lost Time Injury Frequency Rate - Rolling 12 month average (per million hours worked) 3.00 WE ARE COMMITTED TO SENDING OUR Nufarm Global LTIFR PEOPLE HOME SAFELY EVERY DAY 2.50 Lowest lost-time and serious-injury frequency rates on record. 2.00 Nufarm s
Slide 6: We have built a better Nufarm
We have built a better Nufarm FY2018 challenges included worst drought in parts of Strategy execution over last 4 Australia in 100 years…..however we are: years has delivered: • Revenue growth of 6% (CAGR) • Delivering above industry level revenue growth • Margin expansion above 300 basis • Securing
Slide 7: 2018 Full year results
2018 Full year results We continue to generate above industry level revenue FY18 FY17 Change growth Revenue $3.308b $3.111b 6% Underlying Gross Profit $963M $916M 5% Gross Profit Margin 29.1% 29.4% 30bps Underlying EBITDA $386M $390M 1% EBITDA Margin 11.7% 12.5% 80bps Average net working capital / s
Slide 8: 2018 in review – Nufarm Australia/New Zealand
2018 in review – Nufarm Australia/New Zealand Australia’s performance was challenged by drought in many parts of the country.
Slide 9: 2018 in review – North America & Latin America
2018 in review – North America & Latin America North America grew revenue and underlying profits by more than 30% over the last 3 Latin America grew years. revenue and underlying profit during the year despite the Brazilian crop protection market being down 7% in the 2017 calendar year. 9
Slide 10: 2018 in review – Nufarm Europe
2018 in review – Nufarm Europe Europe grew revenue by 19%, aided by strong sales from newly acquired product Dry finish to the portfolios. season in Northern and Central Europe.
Slide 11: 2018 in review – Seed Technologies
2018 in review – Seed Technologies Our Seed Technologies business generated 10% revenue growth in 2018, growing market share in all regional markets.
Slide 12: Omega-3 canola is progressing well
Omega-3 canola is progressing well Commercialisation on track for 2019, subject to appropriate regulatory approvals Australian 15,000 Acres of Multiple feeding USDA approval regulatory omega-3 canola trials underway granted for approvals harvested in with aquaculture cultivation in US granted Montan
Slide 13: Growth Opportunities
Growth Opportunities
Slide 14: Growth opportunities remain strong
Growth opportunities remain strong Portfolio Pipeline Partners Acquisitions Beyond Yield Growing our Strengthening Building alliances Pursuing portfolio Investing in new share in our core our pipeline of with partners acquisitions that seed solutions and geographies grower-focused around the world t
Slide 15: Trading Update & Outlook
Trading Update & Outlook
Slide 16: Trading Update
SEED TECHNOLOGIES Trading Update Sales in line with last year. EUROPE Majority of earnings Slow start to the Europe generated in second half. season due to dry Omega-3 canola meeting conditions. Integration of regulatory approvals acquired portfolios milestones. NORTH AMERICA continues to plan. Majo
Slide 17: Group Outlook
Group Outlook HALF YEAR FULL YEAR • uEBITDA expected to be similar to first half • Expect to return to earnings growth with: FY18 due to: - Revenue growth. - Continued impact of drought in Australia. - Partial recovery of Australian business. - Planned maintenance shutdowns in Europe. - Full year im
Slide 18: Thank you
Thank you Nufarm Annual General Meeting December 6, 2018
Slide 19: Nufarm AGM - Items of business
Nufarm AGM - Items of business
Slide 20: Thank you
Thank you Nufarm Annual General Meeting December 6, 2018