NZARM. OUR VISION To nurture our people, our place, our future. OUR VISION To nurture our people,...

OUR VISIONTo nurture our people, our place, our future.

OUR VISIONTo nurture our people, our place, our future.

OUR VALUESOUR VALUES

Vision &Values

KaitiakitangaKaitiakitanga KaitiakitangaKaitiakitanga

MangakinoMangakinoMangakinoMangakino

DAIRY UNIT 3,600 HA

DAIRY SUPPORT UNIT 625 HA

FORD & CONSUL RD 680 HA

FORESTRY BLOCK 5,800 HA

TOTAL 10,705 HA

DAIRY UNIT 3,600 HA




TOTAL 10,705 HA

Northern ForestNorthern ForestNorthern ForestNorthern Forest

Southern Southern

ForestForest

Southern Southern

ForestForest

DSUDSUDSUDSU

DSUDSUDSUDSU

Southern Southern

ForestForest

Southern Southern

ForestForest

WMF1WMF1WMF1WMF1

WMF2WMF2WMF2WMF2

WMF3WMF3WMF3WMF3

WMF4WMF4WMF4WMF4

WMF6WMF6WMF6WMF6

WMF7WMF7WMF7WMF7

WMF12WMF12WMF12WMF12

WMF8WMF8WMF8WMF8


WMF9WMF9WMF9WMF9


WMF6WMF6WMF6WMF6


Southern Southern

ForestForest

Southern Southern

ForestForest

DAIRY UNIT 3,600 HA




TOTAL 10,705 HA

DAIRY UNIT 3,600 HA




TOTAL 10,705 HA


DSUDSUDSUDSU

DSUDSUDSUDSU

20042004 20052005 20062006 20072007 20082008 20092009 20102010 20112011 20122012 20132013 2014201400

5050

100100

150150

200200

250250

300300

Total Asset & Equity Growth in millions

20152015

Total AssetsTotal Assets Equity GrowthEquity Growth

DairyDairy

ForestryForestry

PropertyProperty

InvestmentsInvestments

Current AssetsCurrent Assets

Total Assets $256mTotal Assets $256m

Dairy $196m (76%)Dairy $196m (76%)

Forestry $28m (11%)Forestry $28m (11%)

Investment $25m (10%)Investment $25m (10%)

Property $4m (2%)Property $4m (2%)

Current Asset $3m (1%)

Current Asset $3m (1%)

Asset Portfolio Mix 2015

Executive Director

Executive Director

GeneralManagerGeneralManager

Finance

Director

Finance

Director

Operations Manager (DSU

and SM)

Operations Manager (DSU

and SM)

WMI FarmManagersWMI FarmManagers

StaffStaff

BoardBoard

BusinessAdvisory

Group(BAG)

BusinessAdvisory

Group(BAG)

Incorporation Secretary

Incorporation Secretary

Manager Shareholder

Relations

Manager Shareholder

Relations

OperationsManager (OO

Farms)

OperationsManager (OO

Farms)

Financial

Accountant

Financial

Accountant

AdministrationAdministration

Share Registrar

Share Registrar

AdministrationAdministrationDairy Support

and Sharemilkers

Dairy Support and

Sharemilkers

StaffStaffStaffStaffStaffStaff

WMI StructureWMI Structure

Strategic Plan 2016

PathwaysPathways IntegratedManagement

Team

IntegratedManagement

Team

EnterpriseBusiness

Plans

EnterpriseBusiness

Plans

Training & Development

Training & DevelopmentManage Threats

and OpportunitiesManage Threats

and Opportunities

Communicationand

Information

Communicationand

Information

On-goingEnterpriseAnalysis

On-goingEnterpriseAnalysis

Seek CompetitiveAdvantage

Seek CompetitiveAdvantage

Growth Beyond Current Asset

Growth Beyond Current Asset

Protect and Enhancethe Land Asset

Protect and Enhancethe Land Asset

Benchmarking against peersBenchmarking against peersPreferred employerPreferred employerIndustry recognitionIndustry recognitionJV/Partnerships identifiedJV/Partnerships identified

Benchmarking against peersBenchmarking against peersPreferred employerPreferred employerIndustry recognitionIndustry recognitionJV/Partnerships identifiedJV/Partnerships identified

Industry LeaderIndustry Leader

Shareholder PrideShareholder Pride

Environmental Plan developedEnvironmental Plan developedLand-use investment prioritisedLand-use investment prioritisedAchieve regulatory standards Achieve regulatory standards

Environmental Plan developedEnvironmental Plan developedLand-use investment prioritisedLand-use investment prioritisedAchieve regulatory standards Achieve regulatory standards

Investment opportunities identifiedInvestment opportunities identified

Net wealth of shareholders improvedNet wealth of shareholders improved

Return on Capital targets reachedReturn on Capital targets reached

Debt/Equity ratio achievedDebt/Equity ratio achieved

Investment opportunities identifiedInvestment opportunities identified

Net wealth of shareholders improvedNet wealth of shareholders improved

Return on Capital targets reachedReturn on Capital targets reached

Debt/Equity ratio achievedDebt/Equity ratio achieved

Shareholder survey undertakenShareholder survey undertakenBi-annual reports to shareholdersBi-annual reports to shareholdersIncreasing # attending AGMIncreasing # attending AGM

Shareholder survey undertakenShareholder survey undertakenBi-annual reports to shareholdersBi-annual reports to shareholdersIncreasing # attending AGMIncreasing # attending AGM

Pay a DividendPay a DividendAchieve profit targetsAchieve profit targets

Achieve capital/equity growth targetsAchieve capital/equity growth targets

A regular & growing annual dividendA regular & growing annual dividend

Achieve profit targetsAchieve profit targets

Achieve capital/equity growth targetsAchieve capital/equity growth targets

A regular & growing annual dividendA regular & growing annual dividend

2020 Outcomes2020 OutcomesPerformance IndicatorsPerformance Indicators

Tasks for 2014/151. Continue to bed-in resilient System 3 farm systems

2. Complete the shed on farm 5

3. Continue upgrade of water and effluent systems

4. Continue development of bio-physical and financial IT

systems

5. Continue support of Miraka and Whai Hua strategies

6. Develop People Strategy & comprehensive Farm Training

Development Programme for all levels

7. Implement new environmental strategy

Tasks for 2014/151. Continue to bed-in resilient System 3 farm systems

2. Complete the shed on farm 5

3. Continue upgrade of water and effluent systems

4. Continue development of bio-physical and financial IT

systems

5. Continue support of Miraka and Whai Hua strategies

6. Develop People Strategy & comprehensive Farm Training

Development Programme for all levels

7. Implement new environmental strategy

Tasks for 2015/161. Bed-in resilient System 3 farm systems

2. Trial TH Farm Model on Farm 7

3. Minimise all Cash Expenditure across the whole business

for 2015/16

4. Improve feed conversion efficiency and reduce feed costs,

as well as reproduction performance

5. Continue to support Whai Hua and Miraka Strategy

6. Exercise pre-emptive right for purchase of TTP shares in

Miraka

Tasks for 2015/161. Bed-in resilient System 3 farm systems

2. Trial TH Farm Model on Farm 7

3. Minimise all Cash Expenditure across the whole business

for 2015/16

4. Improve feed conversion efficiency and reduce feed costs,

as well as reproduction performance

5. Continue to support Whai Hua and Miraka Strategy

6. Exercise pre-emptive right for purchase of TTP shares in

Miraka

• 2003 Irrigation Review2003 Irrigation Review

• Winter Forage Review and N leaching Winter Forage Review and N leaching

• SFF Winter cropping Project SFF Winter cropping Project

• Review of pumice soils Review of pumice soils

• SMPsSMPs

• Fertiliser Review Fertiliser Review

• WMI Resource Strategy WMI Resource Strategy

• WMI cropping reviewWMI cropping review

• WMI System Review WMI System Review

• 2003 Irrigation Review2003 Irrigation Review

• Winter Forage Review and N leaching Winter Forage Review and N leaching

• SFF Winter cropping Project SFF Winter cropping Project

• Review of pumice soils Review of pumice soils

• SMPsSMPs

• Fertiliser Review Fertiliser Review

• WMI Resource Strategy WMI Resource Strategy

• WMI cropping reviewWMI cropping review

• WMI System Review WMI System Review

Reviews toDate

• Growth within limitsGrowth within limits

• Focus on efficiency and accuracy Focus on efficiency and accuracy

• Acquire more land Acquire more land

• Do not develop any further forest land Do not develop any further forest land

• Retire land Retire land

• Take back sharemilker farms Take back sharemilker farms

• Miraka Miraka

• Growth within limitsGrowth within limits

• Focus on efficiency and accuracy Focus on efficiency and accuracy

• Acquire more land Acquire more land

• Do not develop any further forest land Do not develop any further forest land

• Retire land Retire land

• Take back sharemilker farms Take back sharemilker farms

• Miraka Miraka

• Project N – understand what our baseline is and what our Project N – understand what our baseline is and what our

options are?options are?

• What will we do?What will we do?

• Reduce N fert Reduce N fert

• Reduce numbersReduce numbers

• Best practice with croppingBest practice with cropping

• High yield copping High yield copping

• Increase effluent areasIncrease effluent areas

• Continue to manage irrigation Continue to manage irrigation

• Project N – understand what our baseline is and what our Project N – understand what our baseline is and what our

options are?options are?

• What will we do?What will we do?

• Reduce N fert Reduce N fert

• Reduce numbersReduce numbers

• Best practice with croppingBest practice with cropping

• High yield copping High yield copping

• Increase effluent areasIncrease effluent areas

• Continue to manage irrigation Continue to manage irrigation

WMF1WMF1WMF1WMF1

WMF2WMF2WMF2WMF2

WMF3WMF3WMF3WMF3

WMF4WMF4WMF4WMF4

WMF6WMF6WMF6WMF6

WMF7WMF7WMF7WMF7


WMF8WMF8WMF8WMF8


WMF9WMF9WMF9WMF9


WMF6WMF6WMF6WMF6


Southern Southern

ForestForest

Southern Southern

ForestForest

DAIRY UNIT 3,600 HA




TOTAL 10,705 HA

DAIRY UNIT 3,600 HA




TOTAL 10,705 HA


DSUDSUDSUDSU

DSUDSUDSUDSU

Ford RoadFord RoadFord RoadFord Road

Capex

• Ford Road – As originally Planned Ford Road – As originally Planned

Ford RoadFord RoadFord RoadFord Road

Kaharoa Block Cattle Yards

Kaharoa Block Cattle Yards Kaharoa Block Cattle Yards

New Effluent Pond Farm 11New Effluent Pond Farm 11

New Effluent Pond Farm 14New Effluent Pond Farm 14

Te Ara Miraka Te Ara Miraka

NZARM. OUR VISION To nurture our people, our place, our future. OUR VISION To nurture our people,...

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