Ricegrowers Ltd. Class B · ASX:SGLLV
Ricegrowers Ltd. Class B — Shareholder Meeting (2017)
9 slides from Ricegrowers Ltd. Class B's shareholder meeting presentation, 2017
Slide 1: Chairman's report
I will now present my Chairman’s report. 1
Slide 2: FY17 was a challenging year, with our smallest crop to market in many years
FY17 was a challenging year, with our smallest crop to market in many years and difficult market conditions. But, like the generations before us, we persevered. Our industry and our Company are known for their resilience and we saw this shine through in many ways over the past 12 months. As a result
Slide 3: Retaining key markets through the Rice Pool and record dividend
Importantly, we were able to retain key markets and Riverina capability by supporting rice production in Crop Year 16. We did this through offering a guaranteed fixed paddy price to growers and A Class Shareholders of $415 a tonne for medium grain through our Rice Pool business. This required a supp
Slide 4: Long-term viability of the Australian rice industry and multiple global supply chains
The decision to supplement the Rice Pool enabled SunRice to secure the long-term viability of the Australian rice industry and Riverina growers – fundamental elements of our strategy to maintain multiple global supply chains to sustain SunRice’s business, especially in volatile times. In addition to
Slide 5: Medium versus long grain, research and technology
With the high price differential between medium and long grain over the last five years, it was only a matter of time before long grain farmers started to switch to medium grain. While our Riverina rice is still a premium product that’s sought after, I highlight this to emphasise that we can’t stand
Slide 6: Fixed price contracts announced for C18
Today, we are also pleased to announce attractive fixed price contracts for C18, including $360 per tonne for Reiziq. 5
Slide 7: Refreshed Strategy and access to capital
The Board is also determined to pursue the opportunities our Group’s Refreshed Strategy will provide. In common with all businesses, this will require access to capital at the right time and at the right price. As you’ll be aware we have reinstated the Dividend Reinvestment Scheme and both the Growe
Slide 8: The Capital Restructure and shareholder engagement
The Capital Restructure has been designed to address this need, whilst still preserving grower control. The Board is confident that it would address the issues that face us, however, as you know we put the restructure on hold until we could resolve various issues in Papua New Guinea. That said, we a
Slide 9: Thanks to directors, management, growers and shareholders
Speaking of our future, I would like to thank everyone who continues to work and advocate for it every day, starting with SunRice’s Directors. We have a passionate and skilled Board and I thank all Directors for their contribution. I encourage you all to consider how you can contribute to the future
Ricegrowers Limited (SunRice) — Shareholder Meeting (2017) on 6ix