Ricegrowers Ltd. Class B · ASX:SGLLV
Ricegrowers Ltd. Class B — SunRice — Shareholder Meeting (August 2007)
20 slides from Ricegrowers Ltd. Class B's shareholder meeting presentation, Aug 24, 2007
Slide 1: 2007 SunRice Annual General Meeting
2007 SunRice Annual General Meeting Gary Helou CEO Report 24th August 2007
Slide 2: Agenda
Agenda • C2006 Review • Group highlights • Full year results • C2007 Outlook • YTD Update • World Trade update • Our Future
Slide 3: Australian Paddy Production
Australian Paddy Production Paddy Delivered 2,000 Tonnes '000's 1,500 1,000 500 0 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 Crop Years VOLATILITY
Slide 4: C2006 Review
C2006 Review (May 06 - Apr 07) Crop = 1.04M • Return to normal crop • Opportunity to sweat the assets • Grow our business • Get Australian rice back into consumer homes
Slide 5: C06 Marketing Highlights
C06 Marketing Highlights • Table Rice • Grew SunRice value share in Australia from 46% to 50% • Grew SunRice share in New Zealand • Grew International markets: PNG, Pacific and Middle East • Rice Foods • Rice Cakes – 59% market share • Retort Meals – grew share from 40% to 56%.
Slide 6: C06 Operational Highlights
C06 Operational Highlights • C06 Milling: Flexible configuration for varying milling requirements. • Supply Chain: Reconfigured supply chain to support global trading. • Safety: Improvement in safety across domestic and international units. • Six Sigma: $3.5M savings in C06. • Quality: HACCP and AIB
Slide 7: Consolidated Revenue ($M)
Consolidated Revenue ($M) Revenue up 22% on last year $821 $793 $729 $738 $695 $651 $668 $654 $606 99 00 01 02 03 04 05 06 07 Financial Years
Slide 8: RL MG Paddy Return ($/T)
RL MG Paddy Return ($/T) $313 $280 $284 $265 $243 $233 $217 $193 C99 C00 C01 C02 C03 C04 C05 C06
Slide 9: Crop C07 Targets & Outlook
Crop C07 Targets & Outlook
Slide 10: C07 – The Drought continues
C07 – The Drought continues…… Paddy Delivered 2,000 Tonnes '000's 1,500 1,241 1,040 1,000 529 500 390 305 166 0 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 Crop Years
Slide 11: C07 Outlook
C07 Outlook • Approximately 166,000 tonnes delivered – better than initially forecast • Lowest production since 1965 • Drought Management Strategy – Crop carryover (260,000 tonnes from C06) – Cost reduction – Global sourcing • Guaranteed $320 paddy return
Slide 12: Crop to Crop
Crop 03 to Crop 08 Paddy Delivered, '000 tons 1,040 529 390 305 166 ? 03 04 05 06 07 C08 Crop Years
Slide 13: World Rice Stocks
World Rice Stocks Average Global Consumption > 410 MMT 160 40 140 30 120 Million Tons 100 20 % 80 10 60 40 0 99/00 00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 est proj Ending Stocks Stocks-to-use ratio USDA WASDE July 07
Slide 14: World Rice Production & Consumption
World Rice Production & Consumption (07/08, million tons) -3.6M/T 424.5M/T Shortfall 420.9 M/T World Rice Production World Rice Consumption Source: World Grain, July 2007
Slide 15: World Rice Stocks: Production less Consumption
World Rice Stocks Production less Consumption, mill tons 2.5 0.1 -3.6 -7.1 -21.5 2003/04 2004/05 2005/06 2006/07 2007/08 Source: USDA, Aug 2007
Slide 16: World MG Rice Trade Environment
World MG Rice Trade Environment • Global Ending Stocks continue to fall. • China’s export limited. • California facing an average crop in C07/08. • Egypt exports are strong but government is taking measures to contain exports.
Slide 17: Our Future
Our Future ¾ Achieving our Vision …The World’s Favourite Rice Food Company
Slide 18: Growth Framework
Growth Framework Medium Grain Rice Strategy Foods SunRice The World’s Favourite Rice Food Company Investments • Riviana Long Grain • Coprice • Trukai Strategy • Herto •AGS
Slide 19: Broad value proposition of Rice & Rice Foods
Broad value proposition of Rice & Rice Foods is critical to future sustainable growth Table Rice Ultra Convenience Meals Snacking
Slide 20: The World's Favourite Rice Food Company
The World’s Favourite Rice Food Company