Annual Meeting
January 31, 2018
Joe HolschbachBoard Chair
Wes Hedrich
Board Secretary
Steve Zutz
• Financial Report
C.E.O., Country Visions Cooperative
Assets2016-2017
Inventory16.2%
Receivables12.0%
Investments29.3%
Property & Equipment
39.7%
Cash & Other2.8%
Liabilities and Patron Equities2016-2017
Current Liabilities
20.9%
Unallocated Reserve32.0%
Patron Credits26.2%
Long Term Liabilities
14.9%
Other6.0%
Sales By Division2016-2017
Agronomy38.3% Petroleum
25.2%
C-Stores15.4%
Grain14.2%
Propane5.6%
Garages & Country Stores
1.3%
Financial Ratios
• Current Ratio 1.48
• Working Capital to Sales 9.12 %
• Ownership Ratio 60.16 %
• Local Ownership Ratio 56.93 %
• Salary & Wages to Gross Margin 38.23 %
• Return on Total Assets 5.64 %
• Return on Patron Equities 8.80 %
CP FeedsValders, Wisconsin
2016-2017
• Sales $155,600,000
• Net Income $ 5,870,000
• CVC Ownership 60.8%
Mark Mentink
• Financial Report
General Manager of former KLC
Assets2016-2017
Inventory13.6%
Receivables22.0%
Investments22.7%
Property & Equipment
34.0%
Cash & Other7.7%
Kettle Lakes
Liabilities and Patron Equities2016-2017
Current Liabilities
30.0%
Unallocated Reserve14.3%
Patron Credits41.1%
Long Term Liabilities
14.6%
Kettle Lakes
Jack HankeBoard Chair of former KLC
Joe HolschbachBoard Chair
District Map
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3
4
2
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Director TermsFour Districts - 2 directors per district, 1 director at-large
Term Expires
District 1: Nick VanGheem 2018Brian Markwardt 2020
District 2: Joe Holschbach 2018 Dave Schneider 2020
District 3: Ray Halbur 2019 Rande Bonde 2020
District 4: Greg Rickert 2018 Bill Wiese 2019
At-Large: Wes Hedrich 2019 KLC Directors: Matt Teunissen 2018
Mike Paulus 2019Jack Hanke 2020
Directors’ election by mail in January 2018
Nomination Committee
John Hinz
Larry Shambeau
Voting Ballot
Voting Ballot
Equity Retired
Estates & Over Age 70 $ 209,000$ 11,000
2005 Equity Paid $ 925,000
Total $ 1,145,000
Patronage Distribution
Refund Rate Distribution Cash 40%
3.294 % $ 2,799,000.00 $ 1,119,000.00
$.12 per bu $ 540,000.00 $ 216,000.00
2.078 % $ 2,820,000.00 $ 1,128,000.00
$ 6,159,000.00 $ 2,468,000.00
Agricultural (Fuel, LP, Agronomy)
Grain
CP Feeds
Total
Will be paid out in early spring!
Steve ZutzC.E.O., Country Visions Cooperative
• C.E.O. Report
Thank you for your business!
Kettle Lakes Co-op MergerSeptember 1, 2017
$40 Million Sales
AgronomyRandom Lake
Sheboygan Falls
GrainRandom Lake
Cedar Grove
Country StoreSheboygan Falls
FeedRandom Lake
Random Lake Facilities
Cedar Grove
Sheboygan Falls
Kettle Lakes Co-op MergerSeptember 1, 2017
⦁ 240 voting members
⦁ 3 additional Board Members
⦁ Market area –
Sheboygan and Ozaukee Counties
Co-Energy Alliance
⦁ 50/50 Ownership with Adell Co-op
⦁ Propane and Refined Fuels
⦁ $6.8 million in Sales
Plymouth Agronomy Site
⦁ 13,000 ton Dry Plant
⦁ 25 Car Rail Siding
⦁ Liquid Fertilizer
⦁ Seed Treatment & Warehouse
⦁ Office & Shop
⦁ Growth Potential to the East
Plymouth Agronomy Site
Wrightstown Agronomy
CP FeedsWrightstown Construction
Reedsville C-Store
⦁ Remodel
Valders Grain
⦁ New 730,000 bu Grain Bin
Commitment toCommunity
• County Fair Support
• Fire Departments
• Service Clubs
• Schools
Commitment to Community
• Farm Wisconsin Discovery Center
Employee Group!
Annual Meeting
January 31, 2018
Thank You for coming!
Refreshments will be served.
Please Drive Safely!