ANNUAL GENERAL MEETING 13 DECEMBER 2017 SANFORD GROUP Listed since - - PowerPoint PPT Presentation

▶
annual general meeting
SMART_READER_LITE
LIVE PREVIEW

ANNUAL GENERAL MEETING 13 DECEMBER 2017 SANFORD GROUP Listed since - - PowerPoint PPT Presentation

Feb 24, 2024 145 likes •398 views

ANNUAL GENERAL MEETING 13 DECEMBER 2017 SANFORD GROUP Listed since 1904 8 49 211 Seafood (Wild catch, Aquaculture) vessels aquaculture farms processing sites Unique access to a scarce and highly regulated SANFORD WHO ARE WE?

slide-1
SLIDE 1

ANNUAL GENERAL MEETING

13 DECEMBER 2017

slide-2
SLIDE 2

2

49

vessels

211

aquaculture farms

8

processing sites

SANFORD – WHO ARE WE?

SANFORD GROUP

  • Listed since 1904
  • Seafood (Wild catch, Aquaculture)
  • Unique access to a scarce and highly regulated

resource

  • 1700+ employees
  • Increasing focus on creating more value for every

kilogram of raw material we produce

  • Diversified end market exposure – over 700

customers in 77 countries

Over 125,000 tonnes of caught or farmed product annually Rest of World New Zealand <0.4%

Source: FAO 2016

Total Global Seafood Supply

slide-3
SLIDE 3

STRONG YEAR ON YEAR GROWTH AS A RESULT OF FOCUS ON VALUE CREATION

  • New

Structure

  • New Exec

Team

  • Divest

Tuna Bus

  • Closure

CHCH Factory

  • Invest in

Supply Chain

  • New

Focus on Fresh

  • Invest in

Sales and Marketing

  • Focus on

brands and channel and innovation

*

* Reported EBITDA (to be read in conjunction with the Annual Reports)

slide-4
SLIDE 4

…AND YET ONLY ABOUT $0.52 EBIT* PER KG, WITH TREMENDOUS UPSIDE POTENTIAL

*Earnings Before Interest and Tax

slide-5
SLIDE 5

FY 17: A MIXED BAG OF EXPERIENCES

Challenges > Kaikoura earthquake > Bonamia ostreae virus > Vessel surveys > San Granit commissioning > Hoki catch season

San Granit, Timaru

Successes > Record mussel production in Marlborough > Successful Ross Sea toothfish season > Good pricing for toothfish, salmon, scampi > First full scale harvest from SPATNZ hatchery produced seed > Acquisition of Enzaq > Launch of Big Glory Bay brand

slide-6
SLIDE 6

IMPROVING PREDICTABILITY

Harvested the first batch of seeded mussels in May 2017 Enables selective breeding and predictive supply of spat The first hatchery for Greenshell mussels opened in Nelson in April 2015

SPATNZ, Nelson

slide-7
SLIDE 7

PRECISION SEAFOOD HARVESTING: CHANGING THE WAY THE WORLD FISHES

PGP between 3 fishing companies and Plant & Food Research Ongoing trials within the inshore and offshore sectors Encouraging results indicating significant flesh quality and environmental benefits

slide-8
SLIDE 8

8

ADDING VALUE TO OUR NATURAL RESOURCES

ENZAQ, Blenheim ENZAQ produces premium Greenshell mussel powder as a nutraceutical ingredient since 1995

slide-9
SLIDE 9

MORE THAN JUST FISH: COLLAGEN FROM HOKI SKIN

slide-10
SLIDE 10
slide-11
SLIDE 11

Big Glory Bay Reel

slide-12
SLIDE 12

AUCKLAND FISH MARKET REDEVELOPMENT

slide-13
SLIDE 13

FISH FILLET RETAIL SPACE – ARTIST’S IMPRESSION

slide-14
SLIDE 14

WHOLE FISH RETAIL SPACE – ARTIST’S IMPRESSION

slide-15
SLIDE 15

UPDATED BRANDING – INCORPORATING SANFORD

slide-16
SLIDE 16

BUILDING TRUST THROUGH TRANSPARENCY

Integrated Reporting

slide-17
SLIDE 17

17

6 PERFORMANCE OUTCOMES

OUR BUSINESS EXCELLENCE FRAMEWORK WITH SUSTAINABILITY AS A CORNERSTONE

slide-18
SLIDE 18

POTENTIAL CLIMATE CHANGE IMPACTS ON OUR OPERATIONS

Source: Ministry for the Environment, Climate Change Impacts, June 2017

slide-19
SLIDE 19

t CO2-e

71,813

If w e are to offset

  • ur annual

carbon em issions, w e w ould need to plant up to

473,966 1

native trees …….

1 Ba sed on 6.6 trees p er

tonne of ca rbon p rod uced , but ra tes of sequestra tion (a bility to lock up ca rbon a nd m itiga te em issions) v a ry d ep end ing on p la nt a ge

…… it w ould

take betw een

598 2 and 7,18 3 3 ha of

native forest to sequester (m itigate) our total annual em issions

2 Ba sed on 20 y ea r

  • ld na tiv e forest

3 Ba sed on 1 y ea r old na tiv e forest

OUR CARBON FOOTPRINT

Offsetting emissions is one option, but a multi-pronged approach is needed to realise net zero by 2025.

slide-20
SLIDE 20

POLYBIN REPLACEMENT PROGRAMME

Every year Sanford uses 290,000 Polystyrene bins for fresh seafood In 2017 we removed 7.5% from our supply chain Aim to get to 100% by end of 2018 Polystyrene bins are non- recyclable and end up in landfill

slide-21
SLIDE 21

DOING THE RIGHT THING: MAUI DOLPHIN INITIATIVE

˃ 2nd rarest dolphin in the world ˃ Only found on the west coast North Island ˃ Sanford-Moana Protection Plan ˃ Ban on coastal set netting in area ˃ Research into “Dolphin safe” trawling

slide-22
SLIDE 22

Dolphins saved from purse seiner fishing net off Tauranga coast Stuff.co.nz 28/03/2017

A Tauranga fishi ishing boat skipper who was forced to release an estimated 30 tonnes of jack mackerel to save six dolphins caught in his net is ...

DOLPHIN RESCUE, MARCH 2017

I'll buy Sanford! Brand your products so we know. Mark sofferman USA Bravo! Well done Sanfords! You are a credit to New Zealand. If

  • nly other fishing companies were

as intelligent and humane. I shall definitely be buying more of your excellent product in the future. It's extremely heartening to hear about the actions

  • f the skipper in releasing dolphins and catch, as

well as the support of the company for his actions. In the future, I will be purchasing my seafood from Sanford in particular.

slide-23
SLIDE 23

PEOPLE FOCUS

slide-24
SLIDE 24

NEW ZEALAND (SEAFOOD) HAS SOME AMAZING POINTS OF DIFFERENTIATION

New Zealand’s Exclusive Economic Zone

(the 4th largest in the world)

No overlap with another country’s EEZ New Zealand’s Land Mass

97% of landed fish

are from sustainable

stock.

Source: Ministry of Primary Industries,2016

slide-25
SLIDE 25