Inghams Group Ltd. · ASX:ING
Inghams — Shareholder Meeting (November 2023)
18 slides from Inghams's shareholder meeting presentation, Nov 7, 2023
Slide 1: Inghams Group Limited 2023 Annual General Meeting
Inghams Group Limited 2023 Annual General Meeting 7 November 2023
Slide 2: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER The material in this presentation is general background information about the activities of Inghams Group Limited (Inghams) and its subsidiaries (Inghams Group), and is current at the date of this presentation, unless otherwise noted. It is information given in summar
Slide 3: Acknowledgement of Country
ACKNOWLEDGEMENT OF COUNTRY We acknowledge the Gadigal people of the Eora nation, on whose land we meet today. We pay our respects to their Elders past, present and emerging, and to all Aboriginal and Torres Strait Islander Peoples here today. Artist: Kelly Taylor www.ktaboriginalfineart.store 3
Slide 4: Agenda
AGENDA 1 Chair’s Address Helen Nash 2 CEO & Managing Director’s Address Andrew Reeves 3 Formal Business of the Meeting Helen Nash 4 General Business Helen Nash 4
Slide 5: How to Vote
HOW TO VOTE IF YOU REQUIRE ASSISTANCE BEFORE OR DURING THE MEETING CALL +61 3 9415 4024 § When the Chair declares the poll open, select the ‘Vote’ icon and the voting options will appear on your screen § To vote, select your voting direction. A tick will appear to confirm receipt of your vote § To c
Slide 6: How to Ask a Question
HOW TO ASK A QUESTION § To ask a written question select the Q&A icon § Select the topic your question relates to from the drop-down list § Type your question in the text box and press the send button § To ask a verbal question follow the instructions below the broadcast window 6
Slide 7: Board of Directors
BOARD OF DIRECTORS Helen Nash Rob Gordon Non-Executive Chair Non-Executive Director Chair of Nominations Committee Member of the Finance & Audit Committee, member of the Nominations Committee and a member of the Risk & Sustainability Committee Andrew Reeves Timothy Longstaff Chief Executive Officer
Slide 8: Executive Leadership Team
EXECUTIVE LEADERSHIP TEAM Andrew Reeves Gary Mallett Edward Alexander CEO & Managing Director Chief Financial Officer Chief Executive, New Zealand Anne-Marie Mooney Mark Powell Seb Brandt Chief Operations Officer Chief Customer Officer Chief Strategy & Planning Officer Grant Kerswell Chief People Of
Slide 9: Chair's Address
CHAIR’S ADDRESS HELEN NASH
Slide 10: Chair's Address
CHAIR’S ADDRESS Performance overview Our people & culture Board changes ESG Remuneration update Looking ahead 10
Slide 11: CEO & Managing Director's Address
CEO & MANAGING DIRECTOR’S ADDRESS ANDREW REEVES
Slide 12: Highly Diversified Network
HIGHLY DIVERSIFIED NETWORK LARGEST POULTRY COMPANY ACROSS AUSTRALIA AND NEW ZEALAND § Unmatched geographically diverse network § Biosecurity import barrier § Inghams is uniquely placed to deliver continuity and diversity of supply to meet customers’ needs § Ability to fully service national and loca
Slide 13: Vertically Integrated Operating Model
VERTICALLY INTEGRATED OPERATING MODEL OPTIMISING VALUE FROM OUR OPERATING MODEL THROUGH INTEGRATED PLANNING AND OPERATIONAL EXCELLENCE § Enables Inghams to create value and realise efficiencies across a highly complex and large-scale supply chain § Balance and operational excellence are key to margi
Slide 14: FY23 Financial Highlights
FY23 FINANCIAL HIGHLIGHTS RESULTS DEMONSTRATE THE MOMENTUM OF THE RECOVERY REVENUE FULLY FRANKED DIVIDENDS $3,044.0M 14.5 CENTS/SHARE +12.2% on FY22 +107.1% on FY22 EBITDA (UNDERLYING PRE AASB 16) $183.6M +35.8% on FY22 NET PROFIT AFTER TAX $60.4M +72.1% on FY22 14
Slide 15: Profitability on a Strong Recovery Path
PROFITABILITY ON A STRONG RECOVERY PATH EBITDA PRE AASB 16 INCREASED 35.8% ON FY22 AS 2H EARNINGS REBOUND TO HISTORICAL LEVELS FY23 growth of +35.8% on FY22 FY19: $208.6M FY20: $179.7M FY21: $209.6M FY22: $135.2M FY23: $183.6M Omicron $109.6M $108.9M (3Q FY22) $99.0M $100.7M $99.7M +19.9% $100.1M $9
Slide 16: Investments Focused on Enhancing Network Capacity, Capability and Efficiency
INVESTMENTS FOCUSED ON ENHANCING NETWORK CAPACITY, CAPABILITY AND EFFICIENCY Implementing higher levels of automation is a key element of Investing in automation our network plans to provide enhanced capacity, capability and efficiency Opened two state-of-the-art, temperature-controlled & Delivering
Slide 17: ESG Performance
ESG PERFORMANCE INGHAMS IS A LEADER IN ANIMAL WELFARE, SUSTAINABILITY, FOOD QUALITY AND SAFETY Our People & Consumers Our Animals Our Planet Reduced the Lost Time Reduced absolute Injury Frequency Rate by First poultry producer in Scope 1 & Scope 2 GHG 14% and the Total New Zealand to have all Recor
Slide 18: FY24 Trading Update
FY24 TRADING UPDATE 2H23 OPERATIONAL RECOVERY UNDERPINS POSITIVE START TO FY24 § Trading update and 1H24 earnings guidance announcement released to the ASX on 31 October § 2H23 recovery in operational performance in AU/NZ across a broad range of metrics underpinned a positive start to FY24 § 1H24 pe