News & Updates
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PGG Wrightson Trading Update
PGG Wrightson | Media Release
Tuesday, 14 May 2013
PGG Wrightson Trading Update

PGG Wrightson Trading Update
PGG Wrightson Limited (PGW) has today provided an earnings guidance update.
Earnings before interest, tax and depreciation for the financial year ending 30 June 2013 is forecast to be in the range of $48 - $40 million as compared with $55 million for the corresponding period last year.The three main factors contributing to the change in earnings have been climatic conditions across Australia and New Zealand, lower livestock values and when compared to the last financial year, less earnings from Agri-feeds post disposal to the 4Seasons Feeds Limited joint venture.
Climatic extremes in Australia with two record wet years followed by record-breaking high temperatures this year have frustrated the company’s efforts to build earnings in Australia. Consequently, the Australian seed business, whilst important to the group strategically, is not forecast to contribute significantly to group earnings this year.
Climatic conditions in New Zealand have also been a factor with the whole of the North Island andmuch of the South Island in one of the most extensive droughts on record.
PGW Managing Director, George Gould said that livestock values have been in decline since the beginning of the current financial year, first in sheep and more latterly in beef, deer and dairy. “While volumes and market share remain solid, prices are back approximately 30% compared with last year and this has had a material impact on group earnings. The business of PGG Wrightson reflects to a great degree the fortune of our farmer clients and this has been an extremely difficult trading year, which is forecast to impact on PGG Wrightson’s final result.” Mr Gould said.For further information contact:George GouldManaging Director+64 3 372 0976

- Resignation of GM-PGW Seeds Australia
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Half-Year Results Announcement
PGG Wrightson | Media Release
Wednesday, 27 February 2013
Half-Year Results Announcement
PGG Wrightson Limited (NZX:PGW) today announced an increased profit of $4.8 million for the six months to 31 December 2012, up from $3.1 million a year ago. PGW also reported strong cash flows from operating and investing activities, delivering a combined total of $24.4 million (up from $6.0 million last year). This result follows a strong profit for the full year to 30 June 2012 announced last August and has allowed the company to halve its net debt position over the course of the last 12 months. PGW Managing Director, George Gould, credited the improvement to stronger operating earnings across all major businesses along with working capital efficiencies and collection of the Crafar Farms debt in December.
In line with the dividend policy announced in December, directors have declared a fully imputed dividend of 2.2 cents per share which will be paid to shareholders registered at the record date of 14 March 2013. The dividend will be paid on 28 March 2013.
Mr Gould said that the improved earnings reflected strong operating performance across all major activities of the company. “The tougher conditions being faced by farmers clearly impact on some areas of our business, but overall our businesses have performed strongly and most have lifted earnings yearon-year,” Mr Gould said.
“We are especially pleased with the performance of our New Zealand Seed, Retail, Wool and Irrigation & Pumping businesses – all of which showed sizeable gains.”
Mr Gould said he was pleased with progress being made in PGG Wrightson Rural Supplies and Fruitfed Supplies, both being retail businesses facing intense competition from farmer owned co-operatives.
“Our job is to add value to our farmer clients, helping them make their farming businesses more profitable. If we do add value, there is worthwhile margin for us, and the track record shows we are achieving success on this front.”
“It’s about having the best rural servicing reps across all businesses, in every region throughout New Zealand.”
“While our trading businesses such as Livestock, Grain and Real Estate are more susceptible to overall market conditions, their underlying performance remains solid. In Livestock, our tallies remain broadly inline with last year but the decline in sheep and deer values impacted on earnings.”
“Our investment in R&D continues to underpin the performance of our Seeds businesses and we achieved outstanding growth in sales from the newly launched CleanCrop™ Brassica system and continue to see strong growth from the AR37 range of rye-grass seeds. Confirmation last week of arrangements for the Primary Growth Partnership for Seed and Nutritional Technology Development were positive and will be valuable in further enhancing our R&D programmes.”
Revenue for the Retail business is not directly comparable to last year due to a move to transacting some categories as an agent rather than a principal. This did not impact on profit but resulted in a $91.2 million reduction in stated revenue.

- PGP - Seed and Nutritional Technology Development
- PGG Wrightson delivers cash for communities
Events
Leadership Team
The day-to-day management of the Company is delegated to the Managing Director of PGG Wrightson. The Board monitors and reviews management’s performance in carrying out this delegation.
- George Gould
Managing Director
George Gould
Managing Director
George was MD of NZX listed Pyne Gould Guinness Limited from 2001 to 2003, leading the management of the merger of that company with Reid Farmers Limited. Prior to that he was MD of NZX listed South Eastern Utilities Limited whose main achievement was the acquisition of Wairarapa Electricity Limited in 1996 and its subsequent sale in 1999.
- Rob Woodgate
Chief Financial Officer
Rob Woodgate
Chief Financial Officer
Formerly Group Financial Controller, Rob was appointed CFO in August 2010. He has been intimately involved in a number of high profile transactions, having worked on the capital raise, takeover and sale of assets. He is responsible for the management of the Group’s share services including: accounting, treasury, audit, HR, IT, property, procurement and corporate communications. Rob has held a number of senior finance roles in New Zealand and the UK.
- John McKenzie
Group General Manager AgriTech
John McKenzie
Group General Manager, AgriTech
John is the founder of specialist proprietary forage seed company Agricom Limited which was purchased by Pyne Gould Guinness in July 2005. He has reporting to him the businesses in New Zealand, Australia, South America and the international Seeds group, together with R&D, production, Turf and Grain.
- Julian Daly
General Counsel & Company Secretary
Julian Daly
General Counsel & Company Secretary / Acting General Manager of Real Estate
Julian is a former General Counsel for DB Breweries and has worked in law firms in the Middle East and New Zealand. He is responsible for the legal and corporate secretariat affairs for PGG Wrightson Group and is involved in a broad range of transactions including the 2009 capital raising, takeover offers and the divestment of PGG Wrightson Finance to Heartland New Zealand. Julian works closely with a number of the Group business units in commercial advisory matters and is Acting General Manager of PGG Wrightson Real Estate.
- Cedric Bayly
General Manager PGG Wrightson Wool
Cedric Bayly
General Manager PGG Wrightson Wool
A doyen of the Wool industry, Cedric was appointed as GM:PGG Wrightson Wool in early August 2011. Most recently he was the national manager of Elders Primary Wool and for nine years was GM: Wool at Williams & Kettle, one the main components of the PGG and Wrightson merger in 2005.
- Stephen Guerin
General Manager Rural Supplies and Fruitfed
Stephen Guerin
General Manager Rural Supplies and Fruitfed
Stephen is the former GM: Fruitfed Supplies where he spent 23 years in various roles. He was appointed as GM: Rural Supplies and Fruitfed Supplies in May 2011 where he is responsible for all aspects of the Rural Supplies and Fruitfed Supplies retail businesses.
- Carlos Miguel de León
Group General Manager PGG Wrightson Uruguay
Carlos Miguel de León
Group General Manager PGG Wrightson Uruguay
Carlos joined PGG Wrightson in April 1999 as business development manager for Wrightson Pas in Uruguay. In 2001 he was appointed as GM for this business and was responsible for the growth of the seeds operation. In 2005 he was appointed as GM: South America and as Group GM: South America in 2009. He is responsible for running the AgriServices part of the business in South America.
- John Parker
General Manager Irrigation and Pumping
John Parker
General Manager Irrigation and Pumping
John was appointed as GM: Irrigation and Pumping in July 2007 after joining PGG Wrightson in December 2005 as Commercial Manager – Financial Services. John, a chartered accountant, has held various commercial management roles prior to joining PGG Wrightson over a number of different industries. John is responsible for all aspects of the Irrigation and Pumping business.
- Colin Spence
General Manager Agriculture NZ
Colin Spence
General Manager Agriculture NZ
Colin was appointed GM: Agriculture New Zealand Ltd in 2006 after six years as Group Manager of AgNZ – Training. Prior to this role Colin was a Horticultural Consultant working with a national and international client base specialising in advise on Agrichemicals in the urban environment. This advisory role followed 15 years of contribution to research on agrichemicals used in the Horticultural Industry, based at the MAF Horticultural Research Centre in Levin.
- Nigel Thorpe
General Manager Livestock
Nigel Thorpe
General Manager Livestock
Nigel was appointed as GM: Livestock in May 2011. He is a 30-year veteran in stock and station businesses and has held various livestock management roles with PGG Wrightson both in New Zealand and Australia where he was GM: Livestock and Real Estate. He held the position of beef supply chain manager, South Island, from 2009.




