2019 Annual Meeting Presentation Slides

1
Allied Farmers Limited
Serving the rural community for 130
years.
Annual Shareholder Meeting
Tuesday, 26 November 2019

Welcome & Introduction
2

Allied Farmers Limited
20192018
$m$m
Income
21.418.6
Expenses
19.2
16.2
Taxation
0.2
0.2
Net Profit After Tax
2.0
2.2
Parent Owners Share
1.3
1.5
3
SUMMARY PROFIT AND LOSS

20192018
$m$m
LIVESTOCK
Revenue21.418.2
Pre-Tax Profit 2.8
2.6
INVESTMENTS
Revenue0.00.4
Impairments--
Profit (Loss)0.0
0.4
CORPORATE
Costs
0.50.5
Interest
0.10.1
Profit (Loss)
(0.6)(0.6)
Allied Farmers Limited
Income
0.0
0.0
4
DIVISIONAL SUMMARY

Allied Farmers Limited
* Does not include assessed value of investment in subsidiaries or increase in value of rural fixed
assets
GROUP BALANCE SHEET
20192018
$m$m
ASSETS
Receivables
16
14
Cash21
Fixed Assets44
Other Assets
24
1
2
20
LIABILITIES & EQUITY
5
Other incl. Creditors1311
Equity
6*3*
24
20
Borrowings6
5

6
Growing the business, with an improving balance sheet

Significant Milestones
•Continued development of livestock, finance and digital
offerings
•Appointment of two new Directors –Richard Perry and Ross
Verry
•Successful capital raising and share register restructuring
•Policy, system and process enhancement
•Review of acquisition options
•Final wind down of Asset Management Services, has allowed
for...
•.....refinement of Strategic Focus
To be the major solution provider to agricultural producers,
growing value for them and our investors.
7

Dividend
2.0cents per share
17.9 M shares $357,095
Fully Imputed $495,970
Gross Dividend 2.78 cents per share
Record Date 16 December 2019
Payment Date 17 January 2020
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Allied Farmers -Rural
CEO -Steve Morrison
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•NZ Farmers Livestock Agency
•MyLivestock platform and App
•Redshaw Livestock
•Farmers Meat Export Ltd -expanded
•Livestock Finance –Bullplanand
general
•Associated Auctioneers JV interests
(SML)
Working with Farmers for Farmers
10

•Experienced and growing team
•Adding value for clients -every
day
•Sales/purchase channel & Deal
closure
•Win-Win business
•Moving with (or ahead of) the
times
11
Working with Farmers for Farmers

Today:
•Ongoing Growth –recruitment, acquisition, Northland, South
Island, yards
•NZFLL Group EBT
•Farming challenges
•Solid livestock agency performance
•FMEL growth –tally and price, trial
•Redshawsin line with acquisition basis
•M bovischallenge
•Financial management
•Very good bank support
•Financially robust
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Current Performance
Current Performance
Livestock mixed -some regions ahead of last year
-some behind –continuing M bovisimpact
-just ahead overall
Meat Processing ahead of last year
-second year in Manawatu
-tally & profit growth
-working to further improve
Finance-New constraints, review of options
-Livestock lending steady, Bullplanahead
-Core business support
Working with Farmers for Farmers
13

Looking Forward:
•Building & supporting teams
•Developing new agents
•Building networks
•Robust contracting
arrangements
•Developing FMEL business
•Building value
•Enhancing control and
process
14
Working with Farmers for Farmers

•Health and Safety of our staff a key priority
•Significant efforts to ensure compliance/risk management
15

Future Focus
-Informed Growth
-Market share
-MyLivestock/App/CRM
-Bottom line performance
-A platform and support for
wider Allied Farmers progress
16
Working with Farmers for Farmers

Thank you
Working with Farmers for Farmers
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Questions
18

Business Resolutions
19

Resolution 1.
Re-election of Mark Benseman
That Mark Benseman be re-elected as a Director of the Company.
20

Resolution 2.
Re-election of Philip Luscombe
That Philip Luscombe be re-elected as a Director of the Company.
21

Resolution 3.
Election of Richard Perry
That Richard Perry be elected as a Director of the Company.
22

Resolution 4.
Election of Ross Verry
That Ross Verry be elected as a Director of the Company.
23

Resolution 5.
Remuneration of Auditors
That the Directors be authorised to fix the auditor’s fees and
expenses for the ensuing year.
24

Resolution 6.
New Constitution
That the existing Constitution of the Company be revoked and
the Company adopt a new Constitution in the form tabled at the
meeting and signed by the Chairperson for the purpose of
identification, with effect from the close of the Annual Meeting
of the Company.
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General Business
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