ABB Grain ABB Grain`s Full year results presentation
2008-11-25 11:28:00+10:00
ABB Grain [ASX:ABB] has announced details of a Buy Back, Dividend or New Issue. The notice entitled 'ABB Grain`s Full year results presentation' was published on Tuesday 25 November 2008. ABB Grain has issued similar announcements 48 times before, most recently about 0 minutes ago on Friday 10 October 2008. [Notice Type: Share Buyback, Special Dividend, Issue, or Capital Return]
2008-11-25 11:28:00+10:00
ABB Grain [ASX:ABB] has announced details of a Buy Back, Dividend or New Issue. The notice entitled 'ABB Grain`s Full year results presentation' was published on Tuesday 25 November 2008. ABB Grain has issued similar announcements 48 times before, most recently about 0 minutes ago on Friday 10 October 2008. [Notice Type: Share Buyback, Special Dividend, Issue, or Capital Return]
ABB Grain`s Full year results presentation
Tuesday 25 Nov 2008
ABB Grain Ltd
2008 Results Briefing
25 November 2008
Disclaimer
• This presentation has been prepared by ABB Grain Ltd for professional and sophisticated investors. The information contained in this presentation is for information purposes only and does not constitute an offer to issue, or arrange to issue securities or other financial products. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. The presentation has been prepared with out taking in to account the investment objectives, financial situation or particular needs of any particular person. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information opinions and conclusions contained in this presentation. The maximum extent permitted by law, none of ABB Grain Ltd, its directors, employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of the information contained in this presentation. In particular, no representation or warranty, express or implied is given as to the accuracy, completeness or correctness, likelihood of achievement or reasonableness of any forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies. Before making an investment decision, you should consider, with or without the assistance of a financial advisor, whether an investment is appropriate in light of your particular investment needs, objectives and financial circumstances. Past performance is no guarantee of future performance. The distribution of this document in jurisdictions outside Australia may be restricted by law. Any recipient of this document outside Australia must seek advice on and observe any such restrictions. In particular, this presentation does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or to any “U.S. person” (as defined in Regulation S under the U.S. Securities Act of 1993, as amended (‘Securities Act”)). The securities referred to in this presentation have not been and will not be registered under the Securities Act or under the securities laws of any state in the United States. Securities may not be offered or sold in the United States or to, or for the account or benefit of, any U.S. person, unless the securities have been registered under the Securities Act or an exemption from registration is available. ABB Grain Ltd ABN 59 084 962 130
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Agenda
1. 2008 Result & Highlights 2. 2008 Financial Performance 3. 2009 Outlook 4. Appendices
— ABB Grain Overview — Growth Projects
–3–
2008 Results & Highlights
Michael Iwaniw
Managing Director
–4–
2008 Strategic Directions & Highlights
• Strengthened balance sheet
— Capital Raising of $187m (20.5m shares @ $9.30) — Year end gearing of 25% (down from 47% at 1H08) — Net debt reduced $468m (56%) to $362m from 1H08 — $1.2bn debt facility refinanced ($800m 3 year term, $400m seasonal annual)
$m 1,000 900 800 700 600 500 400 300 200 100 Nov-07 Jan-08 Jun-08 Dec-07 Oct-07 Feb-08 Apr-08 Jul-08 Aug-08 May-08 Sep-08 Mar-08 Net Debt
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Continued growth and diversification strategy
— New Zealand record year (plus establishment of new storages and acquisitions) — Ukraine JV fully operational; 400k Mt sold to date (record harvest) — Port Adelaide Prograin facility commenced operations
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Continued cost containment
― Building efficiencies in Supply Chain
–5–
Tuesday 25 Nov 2008
ABB Grain Ltd
2008 Results Briefing
25 November 2008
Disclaimer
• This presentation has been prepared by ABB Grain Ltd for professional and sophisticated investors. The information contained in this presentation is for information purposes only and does not constitute an offer to issue, or arrange to issue securities or other financial products. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. The presentation has been prepared with out taking in to account the investment objectives, financial situation or particular needs of any particular person. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information opinions and conclusions contained in this presentation. The maximum extent permitted by law, none of ABB Grain Ltd, its directors, employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of the information contained in this presentation. In particular, no representation or warranty, express or implied is given as to the accuracy, completeness or correctness, likelihood of achievement or reasonableness of any forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies. Before making an investment decision, you should consider, with or without the assistance of a financial advisor, whether an investment is appropriate in light of your particular investment needs, objectives and financial circumstances. Past performance is no guarantee of future performance. The distribution of this document in jurisdictions outside Australia may be restricted by law. Any recipient of this document outside Australia must seek advice on and observe any such restrictions. In particular, this presentation does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or to any “U.S. person” (as defined in Regulation S under the U.S. Securities Act of 1993, as amended (‘Securities Act”)). The securities referred to in this presentation have not been and will not be registered under the Securities Act or under the securities laws of any state in the United States. Securities may not be offered or sold in the United States or to, or for the account or benefit of, any U.S. person, unless the securities have been registered under the Securities Act or an exemption from registration is available. ABB Grain Ltd ABN 59 084 962 130
•
•
• •
–2–
Agenda
1. 2008 Result & Highlights 2. 2008 Financial Performance 3. 2009 Outlook 4. Appendices
— ABB Grain Overview — Growth Projects
–3–
2008 Results & Highlights
Michael Iwaniw
Managing Director
–4–
2008 Strategic Directions & Highlights
• Strengthened balance sheet
— Capital Raising of $187m (20.5m shares @ $9.30) — Year end gearing of 25% (down from 47% at 1H08) — Net debt reduced $468m (56%) to $362m from 1H08 — $1.2bn debt facility refinanced ($800m 3 year term, $400m seasonal annual)
$m 1,000 900 800 700 600 500 400 300 200 100 Nov-07 Jan-08 Jun-08 Dec-07 Oct-07 Feb-08 Apr-08 Jul-08 Aug-08 May-08 Sep-08 Mar-08 Net Debt
•
Continued growth and diversification strategy
— New Zealand record year (plus establishment of new storages and acquisitions) — Ukraine JV fully operational; 400k Mt sold to date (record harvest) — Port Adelaide Prograin facility commenced operations
•
Continued cost containment
― Building efficiencies in Supply Chain
–5–
