We aim to profitably double export volumes by FY2021, providing unique complex solutions to our clients (customers and suppliers), with balanced development of our business segments resulting from an efficient use of our asset base, investment in technology and innovation, strategic acquisitions, continuous development of our employees and strengthening of our operations.

Imperatives
Financial stability/Strong balance sheet
Integrity
Professional team of leaders
Strategic pillars
Geographic focus
Strong asset base
Operational discipline
Targets
Consolidate the oilseed crushing industry
Double grain exports from FY2016 levels
Achieve sustainable cost leadership in crop production
Ultimate goal
Maximize shareholders’ value

Key deliverables in 2017

  • Sunflower oil
  • Design and preparation works on greenfield crushing plant in Western Ukraine Ongoing M&A dialogue with local producer
  • Grain and infrastructure
  • Active construction phase on our 2nd 4-million-ton deep-water grain transshipment terminal in Chornomorsk Launched Avere – a knowledge and research platform to effectively hedge the expected increase of Kernel’s exports to 12 million tons a year
  • Farming
  • Acquisition of Ukrainian Agrarian Investments and AgroInvestUkraine expanded leasehold farmland bank by 200,000 hectares

Mid-term targets in detail

  • Sunflower oil
  • Construction of 1-million-ton per year greenfield crushing plant in Western Ukraine Alternatively, acquisition of 1.0-1.5 million tons of additional crushing capacities in Western Ukraine
  • Grain and infrastructure
  • Double grain exports in FY2021 through greenfield construction of up to 4.0 million tons deep-water transshipment facility in Ukraine Expand and streamline silo network to serve growing in-house production and export volumes
  • Farming
  • Achieve sustainable low-cost crop production through investments in technology Smooth integration of recently acquired assets to uplift the operational efficiency and productivity levels to Kernel’s high standard