Full Year Results Investor Presentation 2023
ON-FARM EXCELLENCE
AND SUSTAINABILITY
Leadership
Charles Fergusson started as Director of On-Farm
Excellence and Business Sustainability in February
2023.
Strategy
On-Farm Excellence five-year strategy developed.
Examples of ambitions include 80% Farms on
premiums, 10% supplier waiting list, and less than 1%
annual ceases by FY 28.
Sustainability strategy review underway. Includes
review of progress to date and alignment with
business unit strategy refresh to ensure it remains
fit for purpose for all stakeholders.
Synlait Farmer Leadership Team
Team established in November 2022. Key step
in ensuring Synlait and its farmers work closely
together to improve outcomes.
Eight farmers are a conduit between Synlait and
its farmer supplier base, providing feedback
and direction on Synlait's strategic choices and
prioritisation of tactics.
Milk price
Area Managers working with Farmer Suppliers
following recent decreases to ensure minimal cash
outlays on-farm in connection with supplying Synlait.
Synlait Farms (Dunsandel)
Continued investment in on-farm infrastructure and
teams. Ambition to become Lead with Pride™ certified
and a centre of excellence.
Industry engagement
Commitment to tree planting via Whakapuawai,
an environmental programme connecting people,
farmers, and the community through native tree
planting, continues - on track to plant 60,000 trees in
the 2023 calendar year.
Founding shareholder of AgriZero NZ, a partnership
and investment fund between agribusiness and
Government, to accelerate agricultural emissions
reductions by 30% by 2030.
Sustainability
•
Further 19 Farmer Suppliers became Lead With Pride™
certified (FY 22: 191, FY 23: 210).
Transitioned Boiler Two at Synlait Dunsandel to
biomass (wood pellets) as a fuel source, enabling a
significant emissions reduction step change in FY 24
as Synlait aim to reduce site emissions by 40%.
B Corp™ recertification on-track for December. The
company's constitution must now include a B Corp™
purpose statement and stakeholder clause. At the
December Annual Meeting, the Board will request
shareholder support to endorse this constitutional
change.
PAGE 17
Lead with
Certified
Pride AgriZero Ⓑ
Corporation
FULL YEAR RESULTS INVESTOR PRESENTATION 2023View entire presentation