Rural Funds Group · ASX:RFF
Rural Funds — 2007 Macgrove Project — Corporate Update (October 2019)
16 slides from Rural Funds's corporate update, October 2019
Slide 1: 2007 Macgrove Project
2007 Macgrove Project Annual Grower and Adviser update October 2019
Slide 2: Disclaimer
Managed by: Disclaimer Rural Funds Management Ltd (RFM) AFSL 226701 has prepared this presentation based on information available to it. Although all reasonable care has been taken to ensure that the facts stated and opinions given in this presentation are fair and accurate, the information provided
Slide 3: Agenda
Managed by: Agenda RFM presenters 1. Industry, harvest and James Powell key projects update General Manager - Investor Relations & Marketing 2. FY19 distribution and Scott Norval cash flow matrix National Manager - Macadamias 3. Conclusion Daniel Yap Financial Controller 4. Appendix 3
Slide 4: Industry, harvest and key projects update
Industry, harvest and key projects update 1 Macadamias during harvest processing, Bundaberg, Queensland.
Slide 5: Industry update
Managed by: Industry update Prices and global demand for macadamias remains high. Top five markets and value of sales3 • The Australian crop forecast (July 2019) was revised down by 13% to 46,000t (at 10% moisture content) from the previous forecast despite new crops coming into production.2 - The l
Slide 6: Harvest overview
Managed by: Harvest overview The 2019 harvest is forecast to yield 3.13 t/ha. • The 2019 harvest will conclude in early Harvested macadamias – Swan Ridge, Bundaberg QLD October. • Total yield to date of 727.8 tonnes of NIS (at 10% moisture) has been delivered: - A reduction of approx. 10% compared t
Slide 7: Historical yield and price
Managed by: Historical yield and price Orchard yields reduced compared to 2018 due to seasonal factors. Prices continue to increase. 2007 Macgrove Project historical yield and macadamia price 1,000 $6.50 $6.00 800 $5.50 NIS Price ($/kg) $5.00 600 NIS Yield (t) $4.50 400 $4.00 $3.50 200 $3.00 - $2.50
Slide 8: Key projects
Managed by: Key projects Commercial scale harvest process improvements continue in 2019 following successful application in 2018. 1. Tree shaking: Sweeper, Swan Ridge orchard – Bundaberg, QLD - An additional shaker has enabled expansion of the tree shaking process, with almost 100 ha shaken this sea
Slide 9: FY19 distribution and cash flow matrix
FY19 distribution and cash flow matrix 2 Tree shaker at Swan Ridge orchard, Bundaberg, Queensland.
Slide 10: FY19 distribution
Managed by: FY19 distribution Growers will receive a net return of $1,819 per Macgrove. Per Macgrove • Each Macgrove will receive a combined Income distribution and GST refund of $1,819. Harvest proceeds - 2018 crop $4,385 • The return comprises $1,323 cash Harvest proceeds - 2019 crop $2,425 distri
Slide 11: Cash flow matrix
Managed by: Cash flow matrix The matrix sets out financial returns (comprising distribution and GST refund) under a range of yield and price scenarios. Macgrove cash flow matrix ($/Macgrove) Yield - t/ha NIS Low Medium High 4 4.5 5 Low $4.50 $355 $1,251 $2,146 Price - $ kg/NIS Medium $5.00 $1,165 $2
Slide 12: Conclusion
Conclusion 3 Harvested macadamia nuts, Swan Ridge, Queensland.
Slide 13: Conclusion
Managed by: Conclusion • Prices and global demand for macadamias remains high. • The 2019 harvest was impacted by seasonal conditions. • Commercial scale application of harvest process improvements continues in 2019 following earlier successful trials. • Indicative farm gate price for the 2019 crop
Slide 14: Appendix
Appendix 4 Moore Park orchard, Bundaberg, Queensland.
Slide 15: Cash flow and harvest timeline
Managed by: Cash flow and harvest timeline Distributions are based on harvest proceeds received during a financial year. Therefore each harvest will overlap two financial years. Calendar year or harvest year Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Harvest: February to September Harvest proc
Slide 16: Managing good assets with good people
Rural Funds Management Ltd ACN 077 492 838 AFSL 226701 Canberra Office Level 2, 2 King Street Deakin ACT 2600 Telephone: +61 2 6203 9700 Facsimile: +61 2 6281 5077 Website: ruralfunds.com.au Managing good assets with good people For further information: Investor relations enquiries: David Bryant Jam
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