nzarm. our vision to nurture our people, our place, our future. our vision to nurture our people,...
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NZARM
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
DAIRY SUPPORT UNIT 625 HA
FORD & CONSUL RD 680 HA
FORESTRY BLOCK 5,800 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
WMF14WMF14WMF14WMF14
WMF9WMF9WMF9WMF9
WMF11WMF11WMF11WMF11
WMF6WMF6WMF6WMF6
Northern ForestNorthern ForestNorthern ForestNorthern Forest
Southern Southern
ForestForest
Southern Southern
ForestForest
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
DAIRY SUPPORT UNIT 625 HA
FORD & CONSUL RD 680 HA
FORESTRY BLOCK 5,800 HA
TOTAL 10,705 HA
WMF15WMF15WMF15WMF15
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
• 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
WMF12WMF12WMF12WMF12
WMF8WMF8WMF8WMF8
WMF14WMF14WMF14WMF14
WMF9WMF9WMF9WMF9
WMF11WMF11WMF11WMF11
WMF6WMF6WMF6WMF6
Northern ForestNorthern ForestNorthern ForestNorthern Forest
Southern Southern
ForestForest
Southern Southern
ForestForest
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
DAIRY SUPPORT UNIT 625 HA
FORD & CONSUL RD 680 HA
FORESTRY BLOCK 5,800 HA
TOTAL 10,705 HA
WMF15WMF15WMF15WMF15
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 11New Effluent Pond Farm 11
New Effluent Pond Farm 14New Effluent Pond Farm 14
Te Ara Miraka Te Ara Miraka