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14 DECEMBER 2016
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ANNUAL SHAREHOLDERS MEETING 2016 CEOS ADDRESS 14 DECEMBER 2016 NEW - - PowerPoint PPT Presentation
ANNUAL SHAREHOLDERS MEETING 2016 CEOS ADDRESS 14 DECEMBER 2016 NEW - - PowerPoint PPT Presentation
ANNUAL SHAREHOLDERS MEETING 2016 CEOS ADDRESS 14 DECEMBER 2016 NEW ZEALAND'S TOTAL SEAFOOD INDUSTRY IS TINY FROM A GLOBAL PERSPECTIVE New Zealand <0.4% Rest of World Source: FAO 2015 2 NEW ZEALAND SEAFOOD A GREAT REPUTATION
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NEW ZEALAND SEAFOOD – A GREAT REPUTATION
Infographics from nzstory.govt.nz
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MAKING OUR NATURAL RESOURCES MORE VALUABLE
0.35 0.51
0.2 0.4 0.6 0.8 1 1.2
$/kg Greenweight
$/kg $/kg Target
2015 2016
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FOCUS ON CONSUMERS
- ‘Focus on Fresh’ emphasises an increasing allocation of raw material to the
chilled sector
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A MAJOR SHIFT TOWARDS NEW ZEALAND CONSUMERS
- ‘Focus on Fresh’ and increasing salmon consumption in New Zealand
driving domestic market development
24% 34%
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GREENSHELL MUSSELS - THE NEED FOR DIVERSIFICATION
- Most of our business is in frozen
halfshell mussels, as is the rest of New Zealand’s mussel business.
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SANFORD SQUID CATCH AND PRICING TREND
- 2016 was a successful year in terms of catch and global market prices
0% 50% 100% 150% 200% 250% 300%
- 500,000
1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Catch Price Index
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FISHING DOWN SOUTH
- Image of the San Aspiring taken by drone
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BUILDING A CAPABLE ORGANIZATION
- Value Creation through people engagement, branding and consumer focus
requires highly skilled individuals
10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000
2013 2014 2015 2016
Administration Cost and EBITDA Trend
Admin Cost EBITDA
$000
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SANFORD – OUR BRANDS
Sanford Blue
Mainstream
Sanford Black
Premium Range
Big Glory Bay – by Sanford
Super Premium Provenance
Tiaki –
Premium Sustainable Seafood
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SANFORD – OUR INNOVATIONS
* Not Sanford product. We are an ingredient supplier only
* * *
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MAXIMISING VALUE OF THE WHOLE RAW MATERIAL
Petfood* Mussel Mince Fat Lined Block Pet Treats*
- Hoki Skin
- Ling Skin
- Mussels
- Hoki Mince
Equine Products* Hoki Oil Pet Supplement Hoki Oil Petfood* Freeze Dried Mussels
&
* Not Sanford product. We are an ingredient supplier only
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THE HAURAKI GULF MARINE PARK
Proposed Fisheries Management Actions include
- From 2017 restrict and by 2025 withdrawal
- f trawling and Danish seining within
Marine Park
- Establish Marine Park as a separate
fisheries management area by 2018
- Address localised depletion, recreational
catch and charter vessel catch reporting
- Establish a network of marine protected
areas
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A VISION FOR THE OCEAN AROUND NEW ZEALAND
- We support any measures that ensure the sustainability of the resources we
depend on, e.g. Marine Protected Areas
- These measures should
- Involve a multi stakeholder process in developing them
- Be centred around science to determine the most appropriate pathway
- New Zealand should take a leadership role in managing the ocean
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ANNUAL REPORT 2016
UNCOMPROMISING CARE
Integrated Reporting Transparency
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TRIDENT – TRANSPARENCY AT SEA
Innovative full-hemisphere cameras provide multiple views Integrated GPS for time and position referenced footage Customised data entry panels for collecting observations from the footage directly to a database
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Add per capita consumption
Global protein consumption growth outlook (2014 – 2020)
Source: OECD – FAO Agricultural Outlook 16.0% 15.6% 14.6% 8.7% 7.1% 6% 9% 12% 15% 18% Fish Poultry meat Sheep meat Pig meat Beef & veal
Global seafood production vs. population growth
4,000 5,000 6,000 7,000 8,000 50 100 150 200 250 1980 1984 1988 1992 1996 2000 2004 2008 2012 Global population (millions) Global production (millions of tons) Global capture production Global acquaculture production Global population Source: FAO, United Nations