Livestock Improvement Corporation LtdNZX: LIC

LIC 2024 Annual Meeting Presentation

· Issued by Livestock Improvement Corporation Ltd

Annual Meeting

18 September 2024

Using the Online Platform

Starts 18th Sept at 4:00 PM NZDT

Annual Meeting

18 September 2024

Voting Card

Question Box

2

LIC 2024 Annual Meeting

Welcome

Corrigan Sowman

Board Chair

3

LIC 2024 Annual Meeting

Meeting

Agenda

4

LIC 2024 Annual Meeting

  1. Year in Review
  2. Financial Overview
  3. Looking Ahead for LIC
  4. Honoraria Report
  5. Meeting Resolutions
  6. General Business

5

LIC 2024 Annual Meeting

Year in

Review

David Chin

Chief Executive

6

LIC 2024 Annual Meeting

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LIC 2024 Annual Meeting

Value for You is at the Heart of What We Do

Our Farmers

Deepen our understanding of the current and future needs of all of our farmers.

Animal

Most sustainable & efficient animal.

Highest value products.

Data & Digital

Modernising the animal data & digital capabilities.

Innovation

Research & development.

Responsive innovation.

1 Operational

Our ThreeExcellence

Commitments to You

2

Faster Genetic

Improvement

3

Software Reliability

and Performance

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LIC 2024 Annual Meeting

How We Performed 2023/24

9

LIC 2024 Annual Meeting

Operational Excellence

Herd

Testing

50% reduction in negative feedback received on Herd Testing set ups

Johne's Disease

Testing

10 working day turnaround time for test results (from the sample being collected on-farm)

38%

Achieved

10

99.4 %

Achieved

Milk Pregnancy Testing

10 working day turnaround time for test results (from the sample being collected on-farm)

Customer Experience Centre

Answer 70% of calls within 30 seconds

10

99.2%

Achieved

75%

Achieved

How We Performed 2023/24

Operational Excellence

Artificial Breeding

Deliver a Non-Return Rate (at an AB Tech group level) within +/- 9.99% of the AB Supervisor average for the area

99.9%

of AB Tech groups (1 AB technician near low group)

Achieved

Artificial Breeding

Achieve a sexed semen NRR differential of <=5% compared

to conventional fresh semen

3.3%

Achieved

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LIC 2024 Annual Meeting

Artificial Breeding

98% of frozen semen straws on-farm at least one day prior to the required-on-farm date

(for all orders placed 7 days in advance of the required-on-farm date)

GeneMark®

99.8

4

99

%

4-week turnaround time

%

Achieved

for test (from booking

Achieved

week) for

95% of samples