Ricegrowers (SGLLV) investor relations material

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional land custodians and confirmation of quorum.

• Chair welcomed shareholders, introduced board members, and outlined the agenda, including CEO and CFO presentations, formal business, and Q&A.

• Voting procedures and shareholder participation guidelines were explained, with clear instructions for A and B Class shareholders.

Board and executive committee updates

• Chair and several directors were re-elected or newly elected, including Drew Braithwaite as Grower Director.

• Ian Mason was recognized for his eight years of service as he retires from the board.

• Ian Glasson stood for re-election, with strong support from the board and shareholders.

• The Board continues a strategic review of the company's dual class share structure and non-standard elements, with an update expected during FY27.

• Procedures to manage potential conflicts of interest include an Independent Committee of Non-Grower Directors.

Financial performance review

• FY26 revenue was AUD 1.8 billion, slightly down from AUD 1.85 billion in FY25, with EBITDA at AUD 143.6 million and NPAT at AUD 73.3 million, reflecting margin resilience.

• Diluted earnings per B Class Share rose 8% to 102.6c, and a fully franked total dividend of 70c per B Class Share was declared.

• Total shareholder return was 22.4%, outperforming the ASX 300 index.

• Segment analysis showed international CPG revenue up 7% to AUD 737 million, while ANZ CPG revenue remained stable; bulk rice and animal feed segments performed strongly.

• Net debt reduced to AUD 151 million, gearing improved to 19%, and leverage ratio dropped to 1.1x, indicating a strong balance sheet.