HERMANUSDOORNS SHAREBLOCK LIMITED AGM July 2008 AGM 2008 1 PDF - PowerPoint PPT Presentation

HERMANUSDOORNS SHAREBLOCK LIMITED AGM July 2008 AGM 2008 1 PDF created with pdfFactory Pro trial version www.pdffactory.com

AGENDA l Welcome l Special welcome to all new shareholders l Attendance Register l Notice Convening the Meeting and Quorum l Appointment of Referee and assistant to administer and count votes l Apologies and Proxies l MD’s Report 2 AGM 2008 PDF created with pdfFactory Pro trial version www.pdffactory.com

AGENDA … cont l Presentation of Financial Statements l Ordinary Business l Resolutions 1,2, and 3 l Capital Fund Utilisation l Re-election of Directors l Update on Business Plan l General l Closure l Lunch – directly after the meeting 3 AGM 2008 PDF created with pdfFactory Pro trial version www.pdffactory.com

MD’s Report 4 AGM 2008 PDF created with pdfFactory Pro trial version www.pdffactory.com

MD’s Report l A key focus of our medium term strategy is on Fauna and Flora l Bush clearing underway l Will continue and is funded by revenue from game capture l Modification of many roads to prevent storm damage l Game number control through capture and NOT hunting 5 AGM 2008 PDF created with pdfFactory Pro trial version www.pdffactory.com

MD’s Report l Infrastructure improvement l Modification of Entrance signage and removal of alien plants l Upgrading of entrance l New transformer on East Section l Electrification of Mountain Sites 6 AGM 2008 PDF created with pdfFactory Pro trial version www.pdffactory.com

MD’s Report l Year Ended Feb 2008 l All in all a pretty good year l Stability of shareholding l Continuous improvement of the Balance Sheet l Focus on cost containment as we head to high inflation times 7 AGM 2008 PDF created with pdfFactory Pro trial version www.pdffactory.com

Game Capture – March 08 Description May 08 l Game Capture the Impala 135 preferred method of game Blesbok 37 control Water Buck 9 Kudu 12 l Culling no longer taking Giraffe place Bosbok Warthog l Revenue to be ploughed Blouwildebees 35 back into Fauna and Zebra Flaura – mainly into bush Gemsbok Steenbok clearing Rooihartebees Klipspringer Mount Reedbuck 8 AGM 2008 PDF created with pdfFactory Pro trial version www.pdffactory.com

Game Count Description Aug 03 Feb 04 Feb 05 Feb 06 Jun 06 Jun 07 May 08 Impala 125 160 190 220 110 129 80 Blesbok 30 50 35 40 25 22 9 Water Buck 13 16 20 24 21 30 25 Kudu 65 80 100 110 90 101 100 Giraffe 2 2 5 6 6 8 12 Bosbok 20 40 45 40 40 39 40 Warthog 25 25 40 40 40 42 40 Blouwildebees 24 33 38 60 40 45 30 Zebra 9 9 10 10 9 10 13 Gemsbok 9 7 7 6 6 6 5 Steenbok 11 12 15 16 16 16 16 Rooihartebees 19 19 23 21 21 24 28 Klipspringer 14 14 15 20 20 20 20 Mount Reedbuck 10 10 10 10 9 AGM 2008 PDF created with pdfFactory Pro trial version www.pdffactory.com

Rainfall History HERMANUSDOORNS _ RAINFALL 1200 300 531 365 777 1030 341 338 348 572 642 382 1000 250 Cummulative Monthly 800 200 ainfall mm ainfal mm ummulative R 600 150 onthly R M C 400 100 200 50 10 Year Annual Average = 534mm 0 0 7 year Annual Average = 492mm 04/05 06/07 00/01 01/02 03/04 05/06 98/99 99/00 02/03 07/08 5 Year Annual Average = 452mm 3 Year Annual Average = 598mm 10 AGM 2008 PDF created with pdfFactory Pro trial version www.pdffactory.com

Rainfall History Annual Rainfall 1200 1000 800 mm 600 400 200 0 1998/9 1999/0 2000/1 2001/2 2002/3 2003/4 2004/5 2005/6 2006/7 2007/8 Year 11 AGM 2008 PDF created with pdfFactory Pro trial version www.pdffactory.com

Rainfall History RAINFALL HISTORY 10, 7, 5, 3 Year Trend Lines 650 600 550 mm 500 450 10 Year Annual Average = 534mm 400 7 year Annual Average = 492mm 98/9-07/8 01/2-07/8 03/4-/07/8 05/6-07/8 10 7 5 3 5 Year Annual Average = 452mm Year 3 Year Annual Average = 598mm 12 AGM 2008 PDF created with pdfFactory Pro trial version www.pdffactory.com

The Key Trend Lines 13 AGM 2008 PDF created with pdfFactory Pro trial version www.pdffactory.com

Levy Income Le vy I nc om e 9 0 0 8 0 0 7 0 0 Ra nd s (R'0 0 0 ) 6 0 0 5 0 0 4 0 0 3 0 0 2 0 0 1 0 0 0 1 9 9 5 1 9 9 6 1 9 9 7 1 9 9 8 1 9 9 9 2 0 0 0 2 0 0 1 2 0 0 2 2 0 0 3 2 0 0 4 2 0 0 5 2 0 0 6 2 0 0 7 2 0 0 8 14 AGM 2008 PDF created with pdfFactory Pro trial version www.pdffactory.com

Levy Structure Le vy Struc ture 1 2 ,0 0 0 Ra n ds pe r Ann um 1 0 ,0 0 0 8 ,0 0 0 6 ,0 0 0 4 ,0 0 0 2 ,0 0 0 0 1 9 9 5 1 9 9 6 1 9 9 7 1 9 9 8 1 9 9 9 2 0 0 0 2 0 0 1 2 0 0 2 2 0 0 3 2 0 0 4 2 0 0 5 2 0 0 6 2 0 0 7 2 0 0 8 15 AGM 2008 PDF created with pdfFactory Pro trial version www.pdffactory.com

Levy Income - Budgeted Le vy I nc om e 1 0 0 0 9 0 0 8 0 0 Ra nd s (R'0 0 0 ) 7 0 0 6 0 0 5 0 0 4 0 0 3 0 0 2 0 0 1 0 0 0 1 9 9 5 1 9 9 6 1 9 9 7 1 9 9 8 1 9 9 9 2 0 0 0 2 0 0 1 2 0 0 2 2 0 0 3 2 0 0 4 2 0 0 5 2 0 0 6 2 0 0 7 2 0 0 8 2 0 0 9 16 AGM 2008 PDF created with pdfFactory Pro trial version www.pdffactory.com

Investment Income - Budgeted I nve stm e nt I nc om e 4 5 4 0 3 5 Ra nd s (R'0 0 0 ) 3 0 2 5 2 0 1 5 1 0 5 0 2 0 0 5 2 0 0 6 2 0 0 7 2 0 0 8 2 0 0 9 17 AGM 2008 PDF created with pdfFactory Pro trial version www.pdffactory.com

Growth in Equity Ca pit a l a nd Re se rve s 8 .0 7 .0 Ra nds (M illions) 6 .0 5 .0 4 .0 3 .0 2 .0 1 .0 0 .0 1 9 9 5 1 9 9 6 1 9 9 7 1 9 9 8 1 9 9 9 2 0 0 0 2 0 0 1 2 0 0 2 2 0 0 3 2 0 0 4 2 0 0 5 2 0 0 6 2 0 0 7 2 0 0 8 18 AGM 2008 PDF created with pdfFactory Pro trial version www.pdffactory.com

Total Debt T ota l De bt 2 ,0 0 0 1 ,8 0 0 1 ,6 0 0 Ra nd s (R'0 0 0 ) 1 ,4 0 0 1 ,2 0 0 1 ,0 0 0 8 0 0 6 0 0 4 0 0 2 0 0 0 1 9 9 5 1 9 9 6 1 9 9 7 1 9 9 8 1 9 9 9 2 0 0 0 2 0 0 1 2 0 0 2 2 0 0 3 2 0 0 4 2 0 0 5 2 0 0 6 2 0 0 7 2 0 0 8 19 AGM 2008 PDF created with pdfFactory Pro trial version www.pdffactory.com

Share Price Sha re Pric e 4 5 0 ,0 0 0 4 0 0 ,0 0 0 3 5 0 ,0 0 0 Ra nd s (R'0 0 0 ) 3 0 0 ,0 0 0 2 5 0 ,0 0 0 2 0 0 ,0 0 0 1 5 0 ,0 0 0 1 0 0 ,0 0 0 5 0 ,0 0 0 0 1 9 9 5 1 9 9 6 1 9 9 7 1 9 9 8 1 9 9 9 2 0 0 0 2 0 0 1 2 0 0 2 2 0 0 3 2 0 0 4 2 0 0 5 2 0 0 6 2 0 0 7 2 0 0 7 2 0 0 8 20 AGM 2008 PDF created with pdfFactory Pro trial version www.pdffactory.com

MD’s Report … Conclusion l Thank you to l The shareholders l The auditors l The Non Execs l My fellow directors l And I look forward to another great year 21 AGM 2008 PDF created with pdfFactory Pro trial version www.pdffactory.com

Ordinary Business 22 AGM 2008 PDF created with pdfFactory Pro trial version www.pdffactory.com

Voting Procedure l All done by Poll l One share – one vote l Counting independently done l 2 volunteers l Board l Corresponding totals accepted 23 AGM 2008 PDF created with pdfFactory Pro trial version www.pdffactory.com

Ordinary Business l Ordinary Resolution 1 l Resolved as ordinary resolution #1 to approve the minutes of the Annual General Meeting Held on 11 th August 2007 24 AGM 2008 PDF created with pdfFactory Pro trial version www.pdffactory.com

Annual Financial Statements 25 AGM 2008 PDF created with pdfFactory Pro trial version www.pdffactory.com

Assets FLAT Up 13% 26 AGM 2008 PDF created with pdfFactory Pro trial version www.pdffactory.com

Equity and Liabilities FLAT Up by 80% - Eskom Deposit No support for 5 Year Levy 27 AGM 2008 PDF created with pdfFactory Pro trial version www.pdffactory.com

Levies Received in Advance 2008 Period Rands 1 March 2008 to 28 Feb 2009 821,767 1 March 2004 to 28 Feb 2009 - First 5 Year Levy Complete 1 March 2005 to 28 Feb 2010 28,421 1 March 2006 to 28 Feb 2011 46,842 No Support for 5 Year Levy 1 March 2007 to 29 Feb 2012 35,701 1 March 2008 to 28 Feb 2013 - TOTAL 932,731 28 AGM 2008 PDF created with pdfFactory Pro trial version www.pdffactory.com

Revenue 2008 2007 Limited Fees in Advance from Long Levies +11% 850,525 766,628 Term Levies Other Income +11% 241,885 217,259 Limited Game Investment Income -26% 30,688 41,549 Capture Game -42% 67,588 117,494 More Use of Services and Utilities General 61,404 12,106 +229% Municipal 66,691 44,114 Increased focus on Shop Shop +100% 3,995 1,996 TOTAL +11% 1,092,410 983,887 29 AGM 2008 PDF created with pdfFactory Pro trial version www.pdffactory.com

Expenses R42k Could have been capitalised Increased Detail Trend 2008 2007 costs of Directors Salary +9% 126,427 116,068 Compliance Admin Fees +17% 42,000 36,250 R60k Could More Labour Auditors +8% 27,925 26,200 have been Salaries and Wages +21% 238,120 197,563 capitalised Repairs and Maintenance -33% 96,923 144,113 Vehicle Expenses +47% 206,000 140,954 New Tata Insurance +3% 35,494 34,280 truck Depreciation +70% 119,736 70,620 Electricity and Water -31% 82,676 118,669 Better Other Recoveries +41% 75,580 53,784 Total +12% 1,050,881 938,501 30 AGM 2008 PDF created with pdfFactory Pro trial version www.pdffactory.com