True for generations
Agenda • • • • • •
Overview
Our ac r achi hievement evements s $ 70 m Award win 189 100 % 31 %
Dividend $ 95.2 million
Moana Director updates
Sealord Director updates
Moana Overview
Agenda • • • •
Our People 35% 400 Maori male Maori female total workforce are employees Māori 400 300 48 % 50% 200 New recruits were Māori 100 aged 46 + 0 Fixed term Casual Permanent
Culture shift in Health & Safety
Progress on our top sustainability projects
Our community engagement Global Fisheries Scholarship
We do more than pay a dividend $10 m $11 m $ 8.6 m Payments to Māori fishers dividend Paid to Iwi partners $1 m 35 Paid to Māori paua divers $1 m partnerships with 11,000 Iwi Paid to contract growers and processors kilos of pataka
Key ey o oper eratio ational nal achiev evem ements ents • • • • • • • • • • • • • PREMIUMISE
2018 Performance
Consolidate lidated d pro rofit t for the e yea ear $21.4m $19.3m 20.0 0.0
Moana Profit – 2017-18 bridge
EBIT contribution by species
Moana has a strong balance sheet
Challenges continue
Five year strategic aspirations
Our people and culture
Strategy Pillars Protect Pursue Premiumise • • • • • • • •
Protect Pursue Premiumise PRODUCTS
2023 Aspirations Pursue Pursue Pursue Protect Protect Protect
Sealord Group Limited
Agenda • • • •
Safety • •
2018 Performance • •
2018 vs. Plan (source of change) • • •
Better deep sea fishing returns • •
Debt funding trend • • • •
Sealord Board re-affirmed strategy results
Strategic Priorities 2. Fix Salmon
Operational excellence – FV Tokatu commissioned • • • • •
Grow consumer business - Petuna Sealord's 50% share of Petuna Associate Income FY18 Act Vs Plan (Source of Change) NPBT NZD millions NPBT Plan Volume Price/Mix COG SG+A Abn FV NPBT Act 8.0 7.5 7.0 0.1 6.0 (1.5) 5.0 4.0 3.0 2.0 0.5 1.0 0.0 (0.7) (5.7) (1.0) (2.0) (3.0) (4.0) (4.2) (4.0) Favourable YoY Change Unfavourable YoY Change • •
Petuna turnaround • • • • Back to Basics Reduce Cost Control & Profit Strengthen Operations Risk Safety
External Engagement • • •
Hoki TACC - Sustainability • • • •
External engagement • • • • •
People (Back in 2016) • • • •
2019 Outlook
2019 Profit Outlook Including profit contribution from Sealord
Resolutions
Shareholder resolutions • • • •
Heoi ano ra, tena koutou
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