Oxbow Animal Health Our Journey to Become a Worldwide Leader in Animal Nutrition Our Mission • Oxbow Animal Health provides premium, all-natural products to enhance animal health and enrich the lives of animals and their caretakers. • We strive to exceed customer expectations with innovative, high-quality products and exceptional, personalized service and support. • It is our goal to empower all of our customers – veterinarians, distributors, retailers and caretakers – by providing outstanding product education and professional advice. Awards and Honors • Midwest International Trade Association Exporter of the Year, 2005 • Small Business Administration National Exporter of the Year, 2006 • Cass County Nebraska Economic Development Council Business of the Year Award, 2010 • Future Business Leaders of America Nebraska Business of the Year, 2011 Then… Now… Then… Now… 2008 2006 1998 1990s 1993 1980 ©2014 Oxbow Animal Health 2000s The Oxbow Timeline The Domestic Market E-Commerce Increasing Big Boxes Legislation Industry Pressures Increased Competition ©2014 Oxbow Animal Health Changing Economies Why Go Global? • • • • • Grow your customer base Diversify your portfolio (risk) Learn from other markets Respond to demands of customers Fun-factor ©2014 Oxbow Animal Health Oxbow International Started exporting in 1998 • 15 years of international business! 27 distributors in 27 countries • 2 new markets added in 2013 (Kuwait, Greece) • 4 new distributors added in 2013 Approximately 25-30% of total annual Oxbow sales International by Region Asia, Middle East, Australia 18% 46% Europe 36% North America It’s Not Always Easy • • • • • • • • Not the “home team” anymore Distribution methods Finding the right partners Changing regulations Initial inventory issues Communication Time zones PACKAGING! ©2014 Oxbow Animal Health Keys to Int’l Success • Foreign language • International experience ©2014 Oxbow Animal Health Keys to Int’l Success • • • • • • Commitment Flexibility Patience Trust Willingness to Adapt Plan (and re-plan) ©2014 Oxbow Animal Health Respect the Brand ©2014 Oxbow Animal Health But, Respect the Market ©2014 Oxbow Animal Health Enjoy the Moment ©2014 Oxbow Animal Health It’s a Small World ©2014 Oxbow Animal Health Resources • • • • • • • • Partners State of Nebraska Food Export USDA Freight forwarders SBA Internet … ©2014 Oxbow Animal Health