Around the Traps 2019
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Around the Traps 2019 Allawah | Argyle Downs | Auvergne | Brisbane | Bunda | Carlton Hill | Dungowan | Isis Downs | JJAA | Kirkimbie | Newcastle Waters | Newry | Wrotham Park Around the Traps 2019 OUR TEAM IS PROUD TO CONNECT THE BEST AUSTRALIAN BEEF TO THE WORLD HEALTH AND SAFETY | LEADERSHIP | TRUST | COMMUNITY | VALUE CREATION Registered Office: Consolidated Pastoral Company Pty Ltd Newcastle Waters Station Newcastle Waters NT 0862 P: +61 8 8964 4527 F: +61 8 8964 4533 Corporate Office: Level 2/72 Newmarket Road Windsor QLD 4030 P: +61 7 3174 5200 F: +61 7 3861 1707 E: [email protected] www.pastoral.com Cover photo: Centaine Hussie, NCW Around the Traps 2019 1 A FEW WORDS FROM TROY I want to start out by saying thank to investors throughout the year. Bulo was recognised as best up and you to all of our team for the hard Like many of the CPC team they are coming CEO for Indonesia, Glen work and dedication shown in a happy with the results of the sales Brooker graduated from the ARLF year that has seen CPC change of Mimong, Comely, Ucharonidge, Agribusiness Leadership program, fundamentally. We’ve had to say Argyle Downs, Auvergne, Newry Jason Purcell was interviewed about goodbye to a number of stations and and Manbulloo and also sad to see animal welfare for the QLD Country several team members along the them leaving our portfolio. Whilst Life, Brooke Barkla and Tammy way. I’m very proud of the way you’ve it is tough to see CPC change so Kruckow were selected as Nuffield carried yourselves and presented the significantly, I am pleased at how the scholars for 2020, Jimmy Beale business favourably throughout the transition occurred for properties, represented CPC at the National Ribeye process. people and cattle. Farmers Federation (NFF) 2030 Leaders Summit and 40th Gala, The safety and welfare of our people The sale process has now changed Jacqui Cannon spoke at the NTCA and livestock is always top of mind focus to bringing a group of investors conference and was selected to for me and whilst this continues to together, along with Guy Hands and participate in the NFF 2019 Diversity be a challenge for our organisation, his family, to purchase the remainder in Agriculture Leadership Program, encouragingly more conversations of CPC as a whole and fund future Jen Cotter and Jesse Campbell around safety and welfare are opportunities. This will continue to attended the Marcus Oldham Rural occurring and I hope this leads to take up my time over the coming Leadership Program, Andrew Caesar better outcomes for all. months, but I encourage you to get in participated in the MLA exchange, touch should you have any questions. Nat Boatwright was appointed CPC continued its involvement I will endeavour to keep you all Secretary for Queensland Livestock with Dolly’s Dream this year, with informed throughout the process. Exporters’ Association (QLEA) and Kate and Tick sharing their story Marcus Doumany was elected to the at the Manager’s Conference and Whilst CPC property sales were NTCA board. Bernadette and I remain on the never far from the headlines, it was board. Manbulloo and indeed all of pleasing to see several CPC people And of course, there was the Stations CPC rallied behind Tinny for a Testie being recognised for their hard Challenge and all of the campdrafts, to support Mushy’s treatment. Both work and for portraying CPC in a fishing comps, rugby matches and causes reminding us to check both positive light on local and national shows where our people represented our mental and physical health, for stages. All of our team have achieved their brilliant skills and our cattle ourselves and our families. success this year and many have to a wider audience. Thanks for not been recognised. A few that continuing to make CPC look so Our Board and Terra Firma have been recognised include, good. Thank you also to those congratulate you all for your Anna Cochrane who was awarded that represented CPC at various professionalism in showcasing the Community Volunteer of the year in professional events and conferences best of our land, people and cattle the Australia Day awards, William around the country, in addition to 2 Around the Traps 2019 A FEW WORDS FROM TROY your membership and participation higher than usual stocking level on mostly sustained by a substantial with numerous industry and station and making some tough calls increase in demand out of China. The community associations. on suffering stock in the paddock. politics of climate change and global Thanks for all your hard work economic uncertainty has continued Understanding of the full Live Export through these challenging times. to weigh on markets and consumer supply chain became clearer for confidence, with no end in sight at a number of our employees this Whilst most development this year this point for either issue. Indonesia year with Pak Asril and Pak Tuah has been focused on ensuring there is and Australia both saw elections, from JJAA spending over 6 weeks enough water for cattle on some very with the incumbents winning out in at Newcastle Waters, getting to dry properties, we’ve still managed both cases. see where their cattle start out. to accommodate a few trials and Ali Quintana, Andrew O’Kane and commercial projects; ongoing carbon As always, I have been impressed by Brooke Harwood are participating abatement projects, the 2nd year of the strength and perseverance of the in the AUSTREX Exchange, seeing the mortality project at Newry, virtual team that makes up CPC and your what life is like on a live export vessel fencing at Allawah, the objective ability to keep focused on the task in travelling from Northern Australia to measure of animal welfare trial at Isis front of you. Thank you for all your Indonesia. Downs and continued improvement hard work and continued resilience of reporting at JJAA. in 2019. This year saw yet another failed northern wet season and the Externally it has been an interesting Have a great Christmas and holiday unprecedented flooding in the year that presented its own season, keep safe and I look forward north west gulf. I’d like to thank all challenges and opportunities. The to catching up with you in 2020, of you who’ve had to deal with the on-going drought in the Eastern as the new year presents more ramifications of these events whether states saw large numbers of cattle opportunities for all of us at CPC. it be moving cattle to agistment, a go to market, however prices were Around the Traps 2019 3 4 Around the Traps 2019 A FEW WORDS FROM JIM Finance has continued to travel We continued to get finance staff I am again very proud of every to stations and JJAA, undertake out to the station “coal face” this member of the finance team, and ongoing training, contribute to the year - many thanks to all the station look forward to another great year in Ribeye process, and deliver core back managers and the General Managers 2020. office functions in 2019 which has who welcomed finance staff onto been another busy, challenging and their stations or to their events rewarding year. throughout the year: 2019 has been defined again to • Greg and Salesi undertook asset some extent by the Ribeye process, audits at all the divested stations which has not only involved the in the lead up to their settlement divestment of several stations and dates. increased herd movements, but has • Nat helped with the weaner also pushed the pause button on feeding at Isis Downs, and the a number of planned system and CPC stand at the Ekka, and she process improvement projects. In and Naree bravely took on the addition, each divestment required substantial task of keeping Tracy separation from the group’s IT and under control at the Nuffield financial management structures, Awards dinner. asset audits and adjustments to cattle numbers, and allowed debt • Sue, Naree and Salesi carried to be paid down with the inflowing the CPC banner through the Bridge proceeds. to Brisbane on behalf of the lazier members of the finance team (ie And although dry spells are nothing Jim) new to the Finance team, in 2019 there has been an actual drought as • Naree and Sue attended the CPC well, which has impacted the whole Station Challenge at Kununurra, of CPC and JJAA. The drought has not impressing the Smoko Challenge sadly yet broken, but the finance dry judges with Naree’s Anzac Bars. spell was apparently interrupted in • Craig travelled to most stations about January, leading to the birth of again this year, including all the Greg Quinn and wife Liz’s 4th child, divested stations as part of their Joseph, in October. Joseph has been transition out of the group undertaking a 24/7 spreadsheeting immersion since birth, and is already • Raquel and Craig visited JJAA far outstripping his father in use of several times, resolving IT, data Excel power-pivots, which is quite and reporting challenges and impressive, and in his luxurious hair implementing improvements. style, which is not. • Pak Jenly and Bu Esti from JJAA The composition of the Finance visited Brisbane, and Jim, Greg team has been stable throughout the and Salesi visited JJAA to continue year, as have most of its members. developing the integration of JJAA The team has managed a successful into CPC and on-time FY19 audit, the FY20 Budget process, and two quarterly Throughout all this the team enjoyed reforecasts, as well as reporting each other’s company and supported upgrades to incorporate the impact each other through every challenge of staged divestments on underlying – including late in the year when business performance.