Around the Traps 2020
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Around the Traps 2020 Allawah | Brisbane | Bunda | Carlton Hill | Dungowan | Isis Downs | JJAA | Kirkimbie | Manbulloo | Newcastle Waters | Wrotham Park 2 Around the Traps 2020 Around the Traps 2020 3 A FEW WORDS FROM TROY It has been a year like no other. cooperation. The Federal Court mitigate Covid-19 risks. Indonesia CPC experienced our worst drought ruled in favour of live exporters in a has been and continues to be conditions ever through 2018 and landmark class action against the challenged by Covid-19 and we all 2019 and then Covid-19 delivered Commonwealth Government with hope that vaccines are available an unprecedented year of challenge the quantum of damages currently quickly. and opportunity and not a lot of being assessed. rain where we most needed it. I am CPC has invested in remote working proud and thankful to all of you More than ever, the safety and environments, providing flexibility for your commitment to running well-being of our people and and minimising health risks. CPC the business in a successful and animals remains paramount. continues to invest in its people measured manner despite the With the added uncertainty through training programs, which added pressures this year. of Covid-19 and with travel this year has included an increased restrictions complicating logistics, number of webinar events. CPC continues to adapt to changing our collective team are to be In terms of our animals, and global macro factors as Covid-19 commended on the improvement in regardless of Covid-19, animal evolves. To this end, CPC Australia safety metrics this year, particularly welfare continues to remain has redirected many sales intended in reducing days lost to injury a priority for CPC and we are for export to domestic markets and the attention and rigor being continuing to invest in R&D with to align with changing market given to near miss and hazard new products and practices for dynamics. With demand shifting to reporting. Please drive for further pain relief. home consumption, some of CPC’s improvement and continue to Indonesian customers have moved ensure that you and all contractors Our team to preferring lighter cattle and and visitors abide by our safety The CPC team had some great our team has tailored its feeding protocols and policies. achievements in 2020. CPC was cycles/logistics to meet these awarded the Agribusiness and expectations. CPC facilitated all staff to be Food Award in the Chief Minister’s offered flu vaccinations from local NT Export and Industry Awards for The Indonesia Australia – health providers to further ensure 2020. Comprehensive Economic health and well-being of our people Partnership Agreement (IA-CEPA) during Covid-19. Furthermore, Whilst our annual awards weren’t entered into force on 5 July 2020 additional medical support and quite as lavish as usual, we still which is expected to unlock vast oxygen supplies were provided held a small awards ceremony potential and foster economic to our Indonesian operations to by video conference to celebrate HEALTH AND SAFETY | LEADERSHIP | TRUST | COMMUNITY | VALUE CREATION 4 Around the Traps 2020 Around the Traps 2020 5 A FEW WORDS FROM TROY the 2019 winners; Business of the Trading and operations in fire management activities. I would like to thank everyone for Year was awarded to Isis Downs, Indonesia have been challenged by their hard work and dedication Station Safety went to JJAA whilst high Australian cattle prices, the In last year’s Around the Traps we over the course of the year and very a special Safety Commendation prevalence of Indian buffalo meat also spoke of our anticipation as we much look forward to seeing what was awarded to Dungowan for their and disruption via Covid-19 social waited to receive notice on our first 2021 will bring. I wish you all a safe success and efforts at keeping their restrictions. CPC Herd Methodology Project and happy Christmas period with team safe. offsets report. We can now happily your family and friends and I look Investment in projects and report that CPC were successful forward to working with you all in The Brisbane Team walked away properties has continued with our first project year yielding 2021. with Best Teamwork for their throughout the year with numerous ACCUs. We have since submitted continued support to the stations developments taking place. This our second offsets report and again through to sale process and year, CPC will embark on a staged, eagerly await the outcome. The People’s Choice was awarded as large scale exclusion fencing CPC Beef Cattle Project continues a joint prize to Salesi and Cath for and regrowth clearing project to demonstrate what a fantastic fit Red Meat Centre Conference their fantastic work ethic. at Isis Downs Station to provide it is for our business. significant operating benefits as This year also saw our very own well as land value appreciation. In the carbon space, under the Herd Henry Burke appear as one of the Several of our northern stations Methodology project, CPC expects faces of the National Farmer’s have completed development 56,000 ACCUs to be generated Federation Campaign to highlight capex with more water points and in FY20, delivering earnings of the important role of agriculture new fences and Wrotham Park is ~$527,000. and the bush in Australia’s Covid-19 back cropping after a few decade recovery. break. The pain mitigation work completed in 2019 as a part of In terms of brand presence and CPC continues to invest further The Objective Measure of Animal marketing, I am excited to share in high performance genetics to Welfare Project yielded interesting CPC’s increased following in social promote increased hybrid vigor results with further pain mitigation media, electronic and traditional across the portfolio. work to be further trialled in 2021 Joel Fitzgibbon’s visit to Tipperary marketing material - 70% growth (restrictions on travel for much of in the last two years, equating I am also excited by having a the year prohibited further work to 8,000 followers, consolidating dedicated Rangelands focus in in 2020). The research group will Meat Vs Vegetarian pie taste test CPC’s employer of choice assessing pasture, weed and woody also work on utilising the same credentials. Thank you to Ali for vegetation monitoring sites with smart-tag technology used to My new mate Jeff Horn your continued efforts to grow our a view to better understanding analyse animal behaviour but this following and thank you to Cath pasture condition and nutritional time for the analysis of individual’s and Tracy for stepping in during value to increase kilograms resilience to heat and extreme Ali’s maternity leave. produced. weather conditions (if they occur during the trial period). Operations CPC has partnered with Sun Cable With an Australian herd at 30+ to deliver the world’s largest solar As we enter in to 2021, we year lows and a slow herd rebuild farm, valued at $20 billion, to be look forward to new project forecast, tight cattle supply and located on 12,000 hectares of opportunities becoming available Loyal customer Ampan from ZBeef in strong demand are supportive of Newcastle Waters Station (subject to CPC that will continue Indonesia continued value generation. to environmental approvals). strengthen our business’ While drought conditions have CPC fully supports Sun Cable and productivity and environmental persisted, CPC has been able to its exciting project to develop custodianship. reduce cattle on agistment from renewable energy capture on 50,000 head in August/September Newcastle Waters. The Hands Family Office has 2019 to around half that in completed the purchase of the September 2020. For some time, 2020 has been another successful remainder of CPC. The Board the Bureau has been predicting year for CPC’s Carbon activities. and Terra Firma are thankful and a break in the weather, and with The Wrotham Park Savanna appreciative of your efforts during the announcement of La Niña Burning Project successfully the sale process. With completion conditions, I am hopeful that our yields ACCUS for its second year of the transaction, I look forward to portfolio can receive above average (2019) with the funds reinvested working with the CPC team and the rainfall across the wet season and in to developing the project area Hands Family Office in revisiting beyond. enhancing our ability to undertake and executing on the strategic plan. Vinnie’s CEO sleep out Brisbane team Meat vs Vegetarian Nindooinbah Visit burger taste test 6 Around the Traps 2020 Around the Traps 2020 7 A FEW WORDS FROM JIM BRISBANE OFFICE The Finance team, like the continued to drive IT and database team has performed some great 2020 has been quite the new puppies (and miniature baby rest of the business, somehow improvements at JJAA for better work so far in prepping for all the rollercoaster. It’s been full of goats), renovation projects, honing waded through what can only be operational information and finance, banking and accounting surprises that no one, not a single their cooking skills, moving house, described as the strangest year in a reporting. implications that the company sale one, has ever asked for. building pools, fishing and a lot of generation. brings with it, but is quietly looking Netflix and sport watching. With travel restrictions to Indonesia forward to spending substantially We bid farewell to Carl Greaves Travel was put on hold. The office likely to be in place for some time, less time with bankers, lawyers (QLD General Manager), Andrew We gathered for the Melbourne was closed. Proximity to our fridges the progress Craig and Raquel and all the external consultants a Caesar (Commercial Analyst) and Cup with a few sweeps and a team became a problem.