Nufarm Limited · ASX:NUF
Nufarm — Shareholder Meeting (February 2023)
19 slides from Nufarm's shareholder meeting presentation, Feb 1, 2023
Slide 1: Annual General Meeting Speech and Presentation
1 February 2023 Nufarm Limited ACN 091 323 312 103-105 Pipe Road Market Announcements Office Laverton North VIC 3026 For personal use only Australian Securities Exchange Australia Level 4, 20 Bridge Street +61 3 9282 1000 SYDNEY NSW 2000 nufarm.com ELECTRONIC LODGEMENT Dear Sir/Madam NUFARM LIMITED
Slide 2: Chair's address: FY22 in review
Nufarm Limited Annual General Meeting For personal use only Wednesday 1 February 2023 at 11.00 am John Gillam, Chair Welcome once again shareholders and guests to Nufarm’s 2023 Annual General Meeting. Today it is very pleasing to have shareholders present both in person and online so please bear wit
Slide 3: Environmental, Social & Governance priorities
Environmental, Social & Governance priorities As the world’s population approaches 10 billion people, the challenge is to meet the rapidly growing global demand for food, fibre and energy over the next few decades. This responsibility falls largely onto farmers, who must produce more from the land w
Slide 4: Board changes
After serving as the chair of the audit committee for eight years and a non-executive director for nine years, Frank Ford departed from the board in December 2021. The board benefited significantly from Mr Ford's wise counsel and direction, as well as his strategy and taxation expertise, and we expr
Slide 5: Greg Hunt, Managing Director and CEO
Greg Hunt, Managing Director and CEO Thank you, John. I add my welcome to everyone joining us today. The 2022 financial year was pivotal in Nufarm’s journey to becoming a world-class agricultural innovator. It was a year in which we delivered on key aspects of our transformation and innovation agend
Slide 6: New Technologies & Markets
New Technologies & Markets In FY22, Nufarm delivered innovative new products and technologies globally. What is particularly exciting is that our partnerships with leading innovators not only enable product development, they also allow us to establish entirely new markets and value chains. This appr
Slide 7: Partnerships and on track for growth
Our partnership with CROP.ZONE® has led to the development of an alternative solution to chemical-based weed control and crop desiccation, reducing the chemical load on the environment. Finally, we have increased our investment in Enko a company that discovers new products for farmers to protect the
Slide 8: Closing remarks
In closing, I would like to express my appreciation to Nufarm’s employees globally for their ongoing dedication to the company and their commitment to delivering for our customers. The board and management are also grateful for the support of our partners, customers, farmers and shareholders to enab
Slide 9: 2023 Annual General Meeting
Nufarm Limited For personal use only 2023 Annual General Meeting
Slide 10: Board
Nufarm Board For personal use only John Gillam Greg Hunt Marie McDonald Lynne Saint Peter Margin Gordon Davis Dr David Jones Alexandra Gartmann 2
Slide 11: Chair's Address
Chair’s Address For personal use only John Gillam 3
Slide 12: Agricultural industry evolving to meet global sustainability challenges
For personal use only The agricultural industry is evolving to meet global sustainability challenges. Nufarm is uniquely placed at the forefront of agricultural innovation to help to meet these challenges. 4
Slide 13: Managing Director's Address
Managing Director’s Address For personal use only Greg Hunt 5
Slide 14: Focused on markets, crops and segments where we can be most successful
Nufarm is focused on markets, crops and segments where we can be most successful For personal use only Key geographies Core Crops Core Seeds APAC Cereals Sorghum EuMEA TNVV Sunflower North America Pasture, T&O Canola South America Corn Soybean Innovation & Globally Efficient Market leading Beyond Yi
Slide 15: Operational and Financial performance
Operational and Financial performance For personal use only Revenue uEBITDA uNPAT $3.8b $447m $133m Up 17% Up 24% Up 118% aNWC/Sales Net debt: Total dividends uEBITDA 28% 0.8x 10cps Improved 6%pts Below target Final dividend of range 6cps 7 All comparisons to 12months ended 30 September 2021 unless
Slide 16: Macro trends support our FY26 revenue aspirations
Macro trends support our FY26 revenue aspirations For personal use only Crop • Achieving above market growth Protection (global market expected to grow at 2.3%*) • Existing pipeline + New Product Introductions + winning share = On track to meet or exceed FY26 above market growth revenue aspirations
Slide 17: Reaffirms outlook for FY23
Nufarm reaffirms outlook1 for FY23 For personal use only • Assuming normal seasonal conditions and on a constant currency2 basis, planning for modest underlying EBITDA growth in FY23. FY23 uEBITDA • Full year earnings expected to be weighted to 1H23, however, less skewed than FY22. Strategic growth
Slide 18: Agricultural innovator positioned for growth
Nufarm is an Agriculture ‘mega trends’ support growth of crop protection, seeds For personal use only and Beyond Yield seed technologies Agricultural Nufarm is well placed to capture these opportunities and has Innovator positioned repositioned the business for growth for growth On track to meet or
Slide 19: 2023 Annual General Meeting
Nufarm Limited For personal use only 2023 Annual General Meeting