Nufarm Limited · ASX:NUF
Nufarm — Shareholder Meeting (December 2005)
31 slides from Nufarm's shareholder meeting presentation, Dec 8, 2005
Slide 1: Chairman's Address to the Annual General Meeting
6X Nufarm Chairman's Address to the Annual General Meeting of Shareholders - Melbourne Thursday, December 8, 2005 at 10.00 am K M Hoggard Ladies and Gentlemen On behaif of the Board it is very pleasing to report another excellent year for the company. The tax paid operating profit of $103.5 million
Slide 2: Managing Director's Address to the Annual General Meeting
6X Nufarm Managing Director’s Address to the Annual General Meeting of Shareholders - Melbourne Thursday, December 8, 2005 at 10.00 am D J Rathbone Thank you Mr Chairman. | would like to add my welcome to shareholders who have made the effort to attend today's annual general meeting. Your interest a
Slide 3: Managing Director's Address (continued)
The turf and specialty business also experienced strong growth, particularly in the formulator and industrial vegetative management — or VM — segments. In South America, Nufarm completed an important investment in Brazil — the world’s second largest crop protection market — and grew sales in other r
Slide 4: Managing Director's Address (continued)
the quietest sales period for the company and, as such, gives a limited indication of where we will be at year end. The past few months have seen generally positive seasonal conditions in Australia. There have been good rainfalls across most of the continent and this is encouraging strong demand for
Slide 5: Managing Director's Address (continued)
The lower than anticipated contribution from Agripec will restrict first half group net operating profit to approximately $30 million. This compares to the 2005 interim profit of $36 million when adjusted for the new IFRIS accounting standards. While the company’s earnings remain heavily weighted to
Slide 6: Annual General Meeting 2005
Annual General Meeting 2005 4
Slide 7: Mr Kerry Hoggard, Chairman
Annual General Meeting 2005 Mr Kerry Hoggard Chairman
Slide 8: Mr Doug Rathbone, Managing Director
Annual General Meeting 2005 Mr Doug Rathbone Managing Director
Slide 9: Headline Results
Nufarm Limited Annual General Meeting 2005 .. Headline Results. 2005 12 mths to July 31 ~~ 2004 12 mths to July 31 Operating profit up 35% --Earnings per share up 29% ‘Group revenues up 5% Crop protection revenues up 9% $103.5 million 61.2 cents $1.67 billion $1.58 billion $76.5 million 47.3 cents “
Slide 10: Australia
Nufarm Limited Annual General Meeting 2005 Dy 7 ay yy gy ee ye yy Ly egy Pam ge 7 A oy Tp ie We Ws M - iia ayy ie ys Way NO) Va q ey Vis WY ECM _ . GG: Lay yi Ce . Z Oo _ 7 Wi ZL j Ming UP Lo a Ay Vi ie Australia = Strong first half -Late winter 'break'’ " Record July sales = Full year of BASF produ
Slide 11: 2005 in review: USA
Nufarm Limited Annual General Meeting 2005 2005 inreview gies SE Wie yy OME i USA eer 7 Strong revenue growth «Market share gains: .--phenoxies & glyphosate — - « Increased earnings in turf/ specialty segment
Slide 12: 2005 in review: South America
Nufarm Limited Annual General Meeting 2005 . an 2005inreview —— So SERS : South America . Agripec investment in-- ‘Brazil : GY Ly Wye - ».Growth in other regional : markets
Slide 13: 2005 in review: Europe
Nufarm Limited Annual General Meeting 2005 2005 in review = Sales growth in major ~ markets» — = Drought in Spain. «Improving performance i in. France =. - - 7 Appointment of new regional ~.general manager
Slide 14: 2005 in review
Nufarm Limited Annual General Meeting 2005 2005 inreview = Results reflect benefits of geographically diverse business *. Major non core business divestments completed Industrial - —— Chemicals . : oo oo 5% :
Slide 15: Return on Average Funds Employed
Nufarm Limited Annual General Meeting 2005 Return on Average Funds Employed 18.0 17.0 aa 16.0 . 45.7 15.0 14.0 14.0 13.0 13.5 13.5 12.0.- — Y 1 2001 2002 2003 2004 2005
Slide 16: Full Year dividends
Nufarm Limited Annual General Meeting 2005 “ ae Full Year dividends Cents “per. share 30 15 y 9 a
Slide 17: First quarter review 2006 financial year
Nufarm Limited Annual General Meeting 2005 First quarter review 2006 financial year Mii PAT TET
Slide 18: First quarter 2006: Australia
Nufarm Limited Annual General Meeting 2005. First quarter 2006 Australia Good seasonal conditions Increased cotton plantings. Inventory hang-over from late season '05 Margin recovery
Slide 19: First quarter 2006: New Zealand, Asia, Europe, USA
Nufarm Limited Annual General Meeting 2005 First quarter 2006 | New Zealand «Positive start Asia SEEN » Ahead of last year - Europe USA. = Slightly down: but expectations remain positive
Slide 20: First quarter 2006: Colombian acquisition
Nufarm Limited Annual General Meeting 2005 First quarter 2006 Colombian acquisition. " Agrogen has US $15m in sales . Low cost manufacturing position : « Ideal base for expansion into Andean Region markets
Slide 21: First quarter 2006: Brazil industry sales
Nufarm Limited Annual General Meeting 2005 First quarter 2006 Brazil Total industry crop protection sales (USD billion) full calendar year 5 2003 2005 (forecast)
Slide 22: First quarter 2006: Brazil market conditions
Nufarm Limited Annual General Meeting 2005 First quarter 2006 - Brazil Current market conditions a High stock levels in system Seasonal conditions positive Currency impact — lower income for growers Decreased plantings
Slide 23: First quarter 2006: Brazil current expectations
Nufarm Limited Annual General Meeting 2005 First quarter 2006 Brazil | Current expectations wee « Agripec sales will be down on last year . os Earnings contribution will. be impacted by = lower sales . — additional funding costs
Slide 24: First half net operating profit
Nufarm Limited Annual General Meeting 2005 ; First half net operating profit. a 40 36.0 30 20 10 2002 2003 2004 - 2005 2006.
Slide 25: NPAT guidance reaffirmed for 2006 full year
Nufarm Limited Annual General Meeting 2005 NPAT guidance reaffirmed for 2006 full year 10% growth
Slide 26: Longer term outlook
Nufarm Limited Annual General Meeting 2005 ‘Longer term outlook os Strong pipeline of new products a Continued evaluation of potential acquisitions . High confidence re sustained growth
Slide 27: Share price performance
Nufarm Limited Annual General Meeting 2005 Share price performance | Nufarm —12 months to December 7, 2005 12.00 11,50 11.00 ae cn v | eerie 10,00 fs wad us pie \f soe pm : N 8.50 8.00 T T T T T T T T T 1 T T ~ st ie) re) te) te) wD 1 12 9) wD rey 2 ire) es = = 2 = = = Dd Q fad Q & > S = fo.) 2. 6 2
Slide 28: Share price performance vs S&P/ASX 200
Nufarm Limited Annual General Meeting 2005 Share price performance Nufarm v S&P/ASX 200 — 12 months : (Index base.=. 100) Dec-04 5 Jan-05 4 Feb-05 + Mar-05 4 _Apros 4 May-05 + Jun-05 5 Jul-05 +4 Aug-05 4 Sep-05 4 Oct-05 4 —.Nufarm ——ASX 200 Nov-05 7 Dec-05 +
Slide 29: Share price performance - years to December 7, 2005
Nufarm Limited Annual General Meeting 2005 Share price performance ‘Nufarm - 3 years to December 7;:2005 va J Ae 12.00 11.00, 10.00 9.00 8.00 7.00 - 6.00 5.00. 4.00 3.00 g0-98q $0-20 go-Sny go-unr go-dy go-ae4 70-98q y0-P0 0-6ny po-unr.. vo-dy 0-494 £0793. £090 ¢o-6ny eo-unr eondy = 0-994 20-98
Slide 30: go-99d
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Slide 31: Annual General Meeting 2005
Nufarm Annual General Meeting 2005