Company Information for Australian Agricultural Company Limited (AAco)

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Company Statement

AAco...

Was established in 1824.

Is the oldest continuously operating company in Australia.

Currently operates 24 cattle stations and 2 feedlots.

Is the custodian of 7 million hectares (about 1.2% of Australia’s land mass).

Is the largest beef cattle Company in Australia with 500 staff.

Run 565,000 beef cattle.

Beef customers include both domestic and export consumers.

Became a publicly listed company on August 10, 2001.

Is managed from Brisbane with regional management located on each station. Committed to being an industry leader in developing its operating systems using the world's best practices.

Has company wide accreditation through the CattleCare quality assurance program.

Feedlots are quality assured and registered to produce cattle in compliance with the Meat Standards of Australia grading system.

Feedlots and backgrounding areas have received environmental awards.

Has one of Australia’s leading composite breeding programs.

Has an established track record of environmentally sensitive land use and was one of the first companies to employ its own field rangelands officer.

Has expanded into value-adding beef through the AAco Branded Beef Group and Chefs Partner, and property management through Rural Management Partners.

History

The Australian Agricultural Company (AAco) was established as a land development company in 1824. This was with the assistance of the British Parliament with a Crown Grant of 1,000,000 acres in the Port Stephens area of the Colony of New South Wales. Thus, 2001 marks 177 years of continuous operation making AAco one of the oldest companies in Australia after the Bank of New South Wales (now Westpac Bank).

Presently AAco is Australia’s largest beef cattle producer with 26 properties across the Northern Territory and Queensland covering an area of 7 million hectares.

AAco´s success can be related to several unifying factors. We have always operated on a grand scale and today this translates in to powerful economies of scale. The meticulous control of expenditure has led to low production costs; investment has been in prime land and breeding stock; diversification has taken place in different geographic regions to mitigate the effects of droughts; and AAco has had loyal staff, many providing a lifetime of service.

Company Diagram

Current Operations

Land

AAco is custodian of 7,958,954.14 hectares of land across the Northern Territory and Queensland, approximately 1.2% of Australia.

Properties have been selected over a period of time for quality of land, availability of water and development potential.  AAco manages its land resources in order to maintain environmental sustainability to maximise productivity and improve the value of land assets.

AAco has an established track record of environmentally sensitive land use and was one of the first companies to employ its own field rangelands officers.

Cattle

Our Company manages a cattle herd in excess of 600,000 head.  The AAco breeding program is designed to: 

maximise adaptation to extensive subtropical production systems;
maximise production;
and ensure meat quality exceeds customer’s expectations. 
AAco cattle are managed to maintain animal health and productivity meeting strict animal welfare standards.

Brands

AAco rarely sells "fullsets" to any market but instead chooses to sell smaller groups of primal cuts into niche market channels.

The major markets for AAco's portfolio of grain fed beef brands includes North and SE Asia, USA, Middle East and of course Australia.

Our 1824 brand is predominantly sold into Japan and Australia whilst our Wagyu brands are predominantly sold into South Korea, USA, Hong Kong and Japan.

Geographical Spread

Australian Agricultural Company properties

Board of Directors and Key Management

Nick Burton Taylor	Non-Executive Chairman
Don Mackay	Managing Director/Chief Executive Officer
C Bright	Non-Executive Director
Hon Tim Fischer AC	Non Executive Director
C I Roberts	Non-Executive Director
L P Wozniczka	Non-Executive Director

Company Address Corporate Office Level 1 299 Coronation Drive Milton, Queensland, Australia QLD 4064 Telephone: (0)7 3368 4400 Facsimile: (0)7 3368 4401 Email: iinfo[at]aaco.com.au Website: http://www.aaco.com.au

Capital 249,231,858 shares in issue

Annual General Meeting 24 May 2007 - Annual General Meeting

Related News

17/09/07 - Red Meat For China

Most Recent Statement

22/12/08 - Heads of Agreement in respect to Sale of Properties
12/08/08 - CEO Appointment
04/02/08 - Preliminary Final Report
26/08/07 - Dividend Reinvestment Plan and Key Dates for 2007 Final Div
06/08/07 - Announcement 33/2007 Half Year Results Presentation
06/08/07 - Announcement 32/2007 Press Release