Big Picture – A Deep Dive Examination of Kangaroo Island Plantation Timbers Ltd
Kangaroo Island Plantation Timbers Ltd Snapshot
Kangaroo Island Plantation Timbers is Australia’s only listed timberland company. It manages a wholly-owned portfolio of hardwood and softwood forestry plantations, growing on former agricultural land on Kangaroo Island, South Australia.
What we own
Plantation forestry on Kangaroo Island
Kangaroo Island Plantation Timbers owns 86 per cent of the plantation forestry on Kangaroo Island. Its portfolio is about 80 per cent hardwood (bluegum) and 20 per cent softwood (pine). The remaining plantations are owned by 12 private growers, with whom KIPT is consulting regarding harvesting and use of wharf facilities.
Smith Bay Wharf site
The site of the proposed export facility is on Kangaroo Island’s sheltered North Coast. It has deep water for berthing large ships and relatively flat land suitable for stockpiling timber products. It is also a partially degraded site, having been a former land-based abalone farm, and does not provide habitat for any critically endangered species. Smith Bay is close to plantation resources compared to many other proposed sites.
Timber Creek Sawmill
The mill is in care and maintenance mode and unlikely to be activated for milling. A private contractor uses the treatment plan to create fence posts and produce crates, sold on Kangaroo Island.
Last updated 29th March 2019
BSc(Agric), BCom, FAICD, AIAST
Board member since April 2005, appointed Chair July 2009. Paul is the Managing Partner of Agrarian Management Consultants to Agriculture, a leading Western Australian agriculture consultancy with offices in Geraldton, Perth and Katanning. Paul has 20 years’ experience in agribusiness, management, finance and primary production. He is a past President of the Australian Association of Agricultural Consultants (WA) Inc and a Ministerial Appointee to various agribusiness review and advisory panels. Paul was the founding Chairman of Gage Roads Brewing Co from concept to private company to ASX listing in December 2006, and resigned in May 2008. In June 2008, Paul was appointed director of Rural Financial Counselling Service (WA) (“RFCS”). RFCS administrates a federal government funded program in WA under the Department of Agriculture, Fisheries and Forestry.
Paul is Ferrier Hodgson’s WA Agribusiness Specialist for advisory, reconstruction and recovery appointments.
BSc, BA(Hons I), FAMSRS, GAICD
Board member since March 2013, Managing Director since January 2015. Mr Sergeant holds a BSc in Biological Sciences and a BA in Psychology from the University of Sydney, where he was, for a number of years, a lecturer in the Business School, teaching at the postgraduate level.
Sydney-based, Mr Sergeant nevertheless spends a substantial amount of his time in South Australia and is familiar with all of the Company’s land and timber assets. He is committed to working with the community and other stakeholders and with local and state government to help deliver a deep water export facility on Kangaroo Island, fairly priced and accessible to all, and to establish plantation timber as a significant employer and source of economic activity.
Prior to joining the Company, he has managed a number of successful consultancy businesses, served on the boards of Australian and multinational professional services firms and, for four years, was the President of the Australian Market and Social Research Society, of which he is a fellow. From 2003 to 2014, Mr Sergeant was the Vice Principal of St Andrew’s College, within the University of Sydney.
He is currently a member of the boards of a number of private companies.
Independent Non-Executive Director
AM, BA(Accounting), FCA, FCPA, FAICD
Greg is a leading Adelaide Company Director with 25 years’ experience in both public and private companies. He is the Chair of Southern Gold Ltd (ASX:SAU) and Chair of SA Pine Pty Ltd. He is also a Director of the Cancer Council of South Australia.
His experience relevant to KIPT’s operations includes Governance, Logistics, Timber, Resources and Finance.
Greg was awarded an AM – Member in the General Division of the Order of Australia – for his services to AFL Football administration, to the Community of South Australia and to Business.
Ms Black has been a well-known and respected resident of Kangaroo Island for 12 years and has a 30-year career in media. For almost eight years, she was the Managing Editor of the Island’s newspaper, The Islander, having moved from Adelaide after a 15-year stint at The Advertiser, including as its first personal finance editor and superannuation writer. She has a Diploma of Project Management.
Ms Black is a member of the board of Media Super (inc Inv C’tee) and is active in a number of local associations. She is the proprietor of Black Stump Media, a Kangaroo Island business specializing in media and project management services.
Ms Black is also the Manager of the Kangaroo Island Industry and Brand Alliance.
From May 2017, Ms Black has worked in a part-time executive capacity, as the Director of Community Engagement for KIPT.
BCA, Dip Accy, ACA, MAICD
Mr Holdaway is an experienced non-executive director, having served on boards of natural resources companies with operations in Australia, Indonesia, Papua New Guinea and the United Kingdom. He is Chartered Accountant and a former partner of KPMG, with a particular interest in the development of resources-related infrastructure.
Graham is from a farming background and is a tree-grower in his own right, with eucalypt and radiata pine plantations in Victoria and on Kangaroo Island, South Australia. Graham is based in regional Victoria.
He is currently a non-executive director of one other public company: Asset Resolution Ltd.
From May 2017, Mr Holdaway has worked in an executive capacity, as the Director of Operations for KIPT.
Mr Lamb holds masters-level qualifications in Forestry and in Business Administration. He was Director of Operations and Portfolio Manager for New Forests Asset Management Pty Ltd from 2005 until 2017, with responsibility for $2.5 billion in timberland and related agricultural and industrial assets.
Mr Lamb has also served as a director of several forestry companies and trusts within and outside the New Forests group. His early career included both government and non-government forestry roles.
Last updated 29th March 2019
147 Pirie Street
Adelaide, SA 5000
Phone: +61 8 8227 2482
Kangaroo Island office
70 Dauncey Street
Kingscote, SA 5223
Phone: +61 4 0909 6846
PO Box 712, Kingscote 5223