Te Atiawa Investment Conference Rabobank...3 Rabobank is a Dutch headquartered co-operative banking...

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1 Te Atiawa Investment Conference Rabobank

Transcript of Te Atiawa Investment Conference Rabobank...3 Rabobank is a Dutch headquartered co-operative banking...

Page 1: Te Atiawa Investment Conference Rabobank...3 Rabobank is a Dutch headquartered co-operative banking group with a global focus on food & agribusiness • Founded over 115 years ago

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Te Atiawa Investment Conference

Rabobank

Page 2: Te Atiawa Investment Conference Rabobank...3 Rabobank is a Dutch headquartered co-operative banking group with a global focus on food & agribusiness • Founded over 115 years ago

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Presenters

Hamish Midgley National Manager, Major Agribusiness Clients

Brad Tatere Branch Manager Rotorua/Taupo

Page 3: Te Atiawa Investment Conference Rabobank...3 Rabobank is a Dutch headquartered co-operative banking group with a global focus on food & agribusiness • Founded over 115 years ago

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Rabobank is a Dutch headquartered co-operative banking group with a global focus on food & agribusiness

• Founded over 115 years ago as a rural credit cooperative by Dutch farmers • Rabobank retains its cooperative ownership model and focus on local communities • Rabobank is not an investment bank, nor is it an “all things to all people” style bank

• Rabobank is a large globally active bank and sits comfortably within the top 50 banks

in the world • Rabobank has over 10 million clients around the world with approximately 50,000 staff • Entered the New Zealand market in 1994 with the purchase of PIBA, followed by the

acquisition of Wrightson Farmers Finance Ltd in 1998.

• Food and Agribusiness focus, servicing the needs of farmers, middle market producers, processors and traders, and large F&A wholesale companies.

• Supported by a strong, globally based research team of 80 analysts.

Rabobank Group

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• Rabobank operates in 47 countries

around the world

Australasia

North & South America

Europe

Asia

• Rabobank is located in key

agribusiness production regions

• Rabobank also has a team of Food &

Agribusiness research analysts in key

locations

Rabobank Group

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Australia: 61 branch locations New Zealand : 32 branch locations

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From local Banking Cooperative to Global Food & Agri Bank

The Rabobank Strategy

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Rabo Development Financial inclusion for

7.5 mln people Incl 2mln farmers

Rabo Foundation 25 countries

Rabo Development 16 countries

Rabobank Group 47 countries

3215 client branches

Access to Finance, knowledge, network –

Banking4Food

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Agricultural production in New Zealand

Global export rank

Agricultural production in Australia

Australia and New Zealand are some of the largest exporters in the world

New Zealand and Australian farmers truly operate in the global

F&A space, and will be key to the solution to this challenge

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From local Dairy company to Global Consumer Products Company

The FrieslandCampina Story

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Global dairy top-20, 2014

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Global dairy top-20, 2014

# Last year

Company Country of headquarters

Dairy turnover, 2013

(USD billion)

Dairy turnover, 2013

(EUR billion)

1 1 Nestlé Switzerland 28.3 21.3

2 2 Danone France 20.2 15.2

3 3 Lactalis France 19.4 14.6

4 4 Fonterra New Zealand 15.3 11.5

5 5 FrieslandCampina Netherlands 14.9 11.2

6 6 Dairy Farmers of America USA 14.8 11.2

7 7 Arla Foods Denmark/Sweden 12.5 9.4

8 9 Saputo Canada 8.8 6.6

9 8 Dean Foods USA 8.6 6.5

10 12 Yili China 7.6 5.7

11 11 Unilever* Netherlands/UK 7.5 5.6

12 10 Meiji Japan 7.4 5.6

13 17 DMK Germany 7.0 5.3

14 15 Mengniu China 7.0 5.3

15 14 Sodiaal France 6.6 5.0

16 18 Bongrain France 5.9 4.4

17 16 Kraft Foods USA 5.8 4.4

18 20 Müller* Germany 5.0 3.8

19 19 Schreiber Foods* USA 5.0 3.8

20 13 Morinaga Milk Industry Japan 4.8 3.6

*Estimate

Note: Turnover data are dairy sales only, based on 2013 financials and M&A transactions completed between 1 January and 15 June 2014; pending mergers and

acquisitions that are not included is the merger of Arla Foods and Walhorn

Source: Rabobank, 2014

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Traditional cooperative with dominant local position

Owned by a co-

operative with 19,000+

dairy farmers in the

Netherlands, Belgium

and Germany

One of the five

largest global dairy

companies

Formed in 2008

from the merger of

Royal Friesland

Foods and Campina

Melkunie

Consolidated

Western European

dairy market

through 1990’s and

2000’s

2013 turnover EUR

11.4 billion

Consumer

Products

(Europe,

Africa,

Middle

East) 33%

Consumer

Products

(Asia)

19%

Bulk Products

29%

Ingredient

s 19%

2013 Turnover

Growth strategy

Dairy based

beverages

Infant nutrition

Branded cheese