Ricegrowers Ltd. Class B · ASX:SGLLV
Ricegrowers Ltd. Class B — SunRice — Corporate Update (March 2016)
18 slides from Ricegrowers Ltd. Class B's corporate update, Mar 3, 2016
Slide 1: 2016 Rice Field Day SunRice Update
2016 Rice Field Day SunRice Update
Slide 2: Thank you and overview of today's topics
Thank you Rob and to everyone who has made today possible. Firstly, I’d also like to take the opportunity to thank you all for your support during what has undoubtedly been and continues to be a challenging growing year. Given you have been faced with low water allocations and high water prices, we
Slide 3: Opportunities from SunRice's investment in RRAPL
As a rice grower I’m excited to be here today talking to fellow rice growers about the possibilities and potential for our industry as a result of SunRice’s investment in RRAPL. While we’re having a tough year, I believe this research presents us with the opportunity to embrace new growing technique
Slide 4: Australian rice growers lead the world in water efficiency
There’s no doubt Australian rice growers are leading the world in water efficiency. We grow rice using less water than rice grown in any other country – 50% less than the global average. Water use per hectare continues to decline as a result of the industry’s commitment to developing high yielding r
Slide 5: New shorter season, cold tolerant, water efficient varieties
RRAPL and some selected seed growers are currently multiplying three shorter season, cold tolerant, more water efficient varieties that are close to commercialisation. The most advanced is YRM 70, which I know some of you have been trialling. In addition to its agronomic advantages it is being well
Slide 6: Trend back to direct drilling
While many of us use aerial seeding to sow our crops, the development of these new varieties and new seeding technology that can more accurately place seed is seeing a trend back to direct drilling that was popular back in the 60s and 70s. The NSW Department of Primary Industries reports local agrib
Slide 7: Direct drilling benefits and aerial seeding timing
and muddy water. There’s often no need to spray broadleaf weeds and risk spray drift issues, they can sow on time and apply water and nitrogen once water availability is assured. It will be interesting to note the outcome of another new DPI research project in partnership with the Rural Industries R
Slide 8: Growing rice on beds in double cropping system
Some growers in the Murrumbidgee Irrigation Area have been successfully trialling growing rice on beds as part of a double cropping system, which is improving yields and using less residual water. The improved drainage that results from using this method enables growers to double crop more efficient
Slide 9: Opportunistic farming saves water and costs
For another option, a number of Riverina growers have successfully trialled a fairly new growing method labelled ‘opportunistic farming’, saving both water and growing costs. I understand it involves planting seed in dry conditions or with a favourable soil moisture profile and then relying on rainf
Slide 10: Benefits of precision agriculture
I also wanted to briefly touch on the benefits of precision agriculture, which you might know is a particular passion of mine. We know there is variability within our fields. However, I was interested to learn from the Rice Precision Ag Project by Andrew Whitlock that on average there is a productiv
Slide 11: New sales avenues: provenance and health trends
Running parallel to the R&D work being done in the field, our Marketing team is focused on finding new sales avenues for Australian grown rice, with provenance and health and wellbeing being key consumer trends that are opening up opportunities, and which I’ll talk about now. 10
Slide 12: Clean and green rice and Topaz Jasmine launch
Extensive consumer research in Hong Kong and the domestic Asian channel has identified Food Safety as one of their biggest concerns, with Australia ideally positioned to deliver high value ‘clean & green’ rice. Research on consumer attitudes shows that Asian consumers in Australia perceive that bett
Slide 13: Health and wellbeing trends driving rice products
As consumers become more health conscious, the opportunities for Australian rice increase. Not surprisingly, significant increases in the rates of obesity and diabetes is creating health and diet concerns in many of our key markets such as Asia, the Middle East, and Australia. Global prevalence of d
Slide 14: Gluten free demand for rice flour
In response to the growing global trend towards ‘gluten free’, sales volume of our Rice Flour has increased more than 38% in the last two years. In Australia alone, 10% of Australians actively avoid gluten. These developments are just some of the many underway to ensure Australian rice is competitiv
Slide 15: Capital Structure Review update
I'd now like to say a few words about where we are at with the Capital Structure Review. Significantly, one of the things the Capital Structure Review is designed to address is building a business that has the balance sheet strength and resilience to withstand crop and economic downturns. As Rob men
Slide 16: Delay to the Capital Restructure vote
As we have previously communicated, notwithstanding the strong support from A and B Class shareholders for our proposed Capital Restructure, we have had to delay the March vote as the process of engaging with a range of stakeholders on our unique proposal is taking longer than expected. As soon as w
Slide 17: Board view and Independent Expert's Report
The Board remains firmly of the view that the Capital Restructure is in the best interests of both A and B Class Shareholders and SunRice. We look forward to sharing the new vote date and other details, including the Independent Expert’s Report, which has been commissioned as part of the Capital Res
Slide 18: Closing remarks and questions
That brings me to the end of my presentation, so thank you again for your time. Before I open to questions, I just want to reinforce that while things are challenging this year and the current crop will be smaller than we’d hoped for, I’m confident that backed by this research, the work SunRice is d