Select Harvests Limited · ASX:SHV

Select Harvests — Investor Day (March 2013)

86 slides from Select Harvests's investor day presentation, Mar 14, 2013

1. Slide 1: Select Harvests Limited (“SHV”) Management Briefing & Site Tour

   Select Harvests Limited (“SHV”) Management Briefing & Site Tour 14 March 2013

2. Slide 2: Disclaimer & Basis of Preparation

   Disclaimer Disclaimer & Basis of Preparation This presentation is provided for information purposes only and has been prepared using information provided by the company. The information contained in this presentation is not intended to be relied upon as advice to investors and does not take into acc

3. Slide 3: Introduction to Select Harvests & Business Overview

   Introduction to Select Harvests & Business Overview Paul Thompson – Managing Director 3

4. Slide 4: Agenda

   Agenda 7.00am Introduction to Select Harvests & Business Overview – 30 mins • Paul Thompson (Managing Director) 7.30am Finance – 15 mins • Paul Chambers (Chief Financial Officer & Company Secretary) 7.45am Orchards – 15 mins • Peter Ross (General Manager Horticulture) 11.00am Operations – 20 mins •

5. Slide 5: Ambitions of the Day

   Ambitions of the Day  Meet the SHV team  See and understand the quality of the assets  Insight into the local and global almond market  Understand more about our strategy  A better appreciation of the growth opportunities 5 5

6. Slide 6: Board

   Board Name Title Date joined Board Michael Iwaniw Chairman November 2011 Paul Thompson Managing Director July 2012 Fred Grimwade Non-Executive Director July 2010 Ross Herron Non-Executive Director January 2005 Michael Carroll Non-Executive Director March 2009 Paul Riordan Non-Executive Director Octo

7. Slide 7: Executive Team

   Executive Team Name Title Paul Thompson Managing Director Peter Ross GM Horticulture Bruce Van Twest GM Operations Mark Eva GM Consumer Sales & Marketing Laurence Van Driel Group Trading Manager Paul Chambers CFO/Company Secretary Tom Kite HR Manager 7

8. Slide 8: Why Almonds?

   Why Almonds?  Tight Supply  Long lead time to mature production (7 years)  18-21 years of subsequent mature production  Strong Demand  Developed Economies - healthy eating  Developing Economies - affluence shift from carbohydrate to protein  Agronomics  Efficient economic converters of water

9. Slide 9: Key Drivers to Value Creation

   Key Drivers to Value Creation Industry Select Harvests Demand Global demand growing 10%+ SHV supplying both markets Local demand 8% + Supply Last 2 years demand greater than supply, despite Last 3 years Australia has had very poor seasons, off up record US crops to 30% Price USD price continues to i

10. Slide 10: SHV Orchard Age Profile

    SHV Orchard Age Profile SHV Company Orchards (Owned & Leased) - Age Profile (Years) - % 30.0% . 43% of SHV Company Orchards will reach 15% of SHV Company Orchards economic maturity in next 2 have passed peak economic maturity years 25.0% 42% of SHV Company Orchards are in the economic sweetspot - lo

11. Slide 11: What we are building

    What we are building  A strong and trustworthy company that looks after stakeholder interests  A business that can manage the dynamic agricultural cycle and can mitigate the inherent risks  A company that responds to the challenges and learns from the experience  A cash generating company that w

12. Slide 12: SHV Recent Activity

    SHV Recent Activity  Acquisition of 1,286 acres of mature orchards  Additional 3rd party processing business at Carina West Processing Facility  Write-down of WA Greenfields project  Introduction of pasteuriser at Carina West Processing Facility  Bringing Almond Division assets to best in class

13. Slide 13: Why Select Harvests?

    Why Select Harvests? 1. Excellent Industry Fundamentals 4. Competitive Advantage: Quality Assets  Supply/Demand  85% orchards mature in 2 years  Counter-cyclical to USA  State of Art Carina West processing 2. Integrated Business Model facility  Orchards  Market leading brands  Processing & Pa

14. Slide 14: Finance

    Finance Paul Chambers – Chief Financial Officer & Company Secretary 14

15. Slide 15: Select Harvests Financial History

    Select Harvests Financial History 2006 2007 2008 2009 2010 2011 2012 SHV Historical Summary Units Total Sales (A$M) 217.9 229.5 224.7 248.6 238.4 248.3 246.8 EBIT (A$M) 38.4 40.5 27.1 26.8 26.0 22.6 19.6 EBIT Margin (EBIT/Sales - %) (%) 17.6% 17.6% 12.1% 10.8% 10.9% 9.1% 7.9% PBT (A$M) 37.9 40.0 25.

16. Slide 16: SHV Today

    SHV Today  SHV controls, in its own right, a suite of long life cash generating orchard assets, that can be replenished  Processing volumes are 67% from company controlled orchards  Capital intensive business  although much of the capital investment has already been made  Supplier to the global

17. Slide 17: SHV Integrated Model (Indicative Returns)

    SHV Integrated Model (Indicative Returns) Almond Division Food Division EBIT $12.1m EBIT $4.0m Capital Employed $179.0m Capital Employed $68.0m ROCE (Annualised) 13.5% ROCE (Annualised) 11.8% Participation in fundamentals, Lower, more stable returns but inherent risks SHV Integrated Agribusiness EBI

18. Slide 18: Capital management

    Capital management  Long-term debt funding with NAB  $90m facility till Oct 2016  $30m working capital & $60m long term debt  Good progress with initiatives to strengthen the balance sheet:  Scheduled debt reductions  Sold of 11GL water entitlements in June 2012  Reduced Food Division working

19. Slide 19: Cash Cycle

    Cash Cycle  Almond orchards cash cycle demands working capital funding  May to April incurs growing and harvesting cash outlays  March onwards cash inflows commence from sale of the crop, net of processing costs  Cash conversion rate depends on domestic and export sales mix  Peak working capita

20. Slide 20: Orchards

    Orchards Peter Ross – General Manager Horticulture 20

21. Slide 21: Orchards – Facts

    Orchards – Facts  Company Orchards: 11,449 acres, average 110 trees/acre, approx 1.3 million trees  Main almond varieties: Non Pareil (non-pollinator), Carmel & Price (pollinators)  Bees: Need bees to cross pollinate - 2.7 hives /acre – 30,912 bee hives in NSW/Vic  Staff: orchard staff numbers 1

22. Slide 22: Orchards – Facts

    Orchards – Facts  Farm Equipment:  44 Tractors  35 RTV’s (mules)  40 Orchard Sprayers  21 Weed Carts  8 Telehandlers  Harvest Equipment:  23 Shakers (574 acres/Shaker) avg. 20 acres/day per Shaker (3 sec/ tree)  53 Sweepers (250 acres/Sweeper) avg. 10 acres/day per Sweeper - approx. 6 passe

23. Slide 23: Orchards – Geographic Diversity

    Orchards – Geographic Diversity Robinvale (Ouyen) January July Temp - Avge Min (Deg C) 15.7 4.3 Robinvale to Hillston - Avge Max (Deg C) 32.4 15.2 382km Avge Annual Rainfall (mm) 333.5 4 hours drive time Hillston January July Temp - Avge Min (Deg C) 18.3 3.7 - Avge Max (Deg C) 33.4 15.2 Avge Annual

24. Slide 24: Key Drivers - Weather - Annual Almond Cycle

    Key Drivers - Weather - Annual Almond Cycle Dormancy Nuts Mature Adverse weather is biggest threat Almond Trees are dormant between Formation of Fruit/Kernel, Hull, •Pollination – Wet weather & Wind impacts May-July Leaves •Petal fall to early nutlet development – Frost impacts Blossom Hull Split Be

25. Slide 25: Horticulture Structure

    Horticulture Structure Peter Ross General Manager Horticulture Region Region Horticultural Business Vic NSW Services Services  Wemen  Yilgah  Purchasing  Finance  Carina  Belvedere  Transport  Reporting  Lake Powell  Mooral  Maintenance  Procurement  Boundary Bend  Water Management  O

26. Slide 26: Yield & Quality Initiatives

    Yield & Quality Initiatives  Establishment of Horticultural Committee at Board level  Independent expert horticultural review  Greater empowerment of farm managers  Better use of existing management tools  Introduction of new horticultural tools  Tighter KPI’s  Cost benchmarking versus local

27. Slide 27: Yield & Quality Initiatives Examples

    Yield & Quality Initiatives Examples  Orchard Management  Final decisions made on farm  Water not to be compromised at any cost  Harvest  Ensure moisture correct pre-harvest  green hulls hard to shell/scratches  micro contaminants  Shake trees properly  Maximise yield  “Mummy nuts” impact

28. Slide 28: SHV 2013 - Crop Update

    SHV 2013 - Crop Update  Harvest commenced  Weather conditions good to date  Long term weather outlook favourable  Yield - consistent with 1H2013 results announcement  Quality - good (inc. colour) 28

29. Slide 29: Orchards – Tour: Key Hazards

    Orchards – Tour  Key Hazards  Traffic (Farm Equipment)  Noise  Dust  Personal Equipment Requirements  Hi-vis vests / shirts must be worn 29

30. Slide 30: Orchards – Tour: Emergency Procedures

    Orchards – Tour  Emergency Procedures  If advised of emergency, remain calm & follow your guide’s instructions  Your guide will escort you to the emergency assembly point if required  General  Stay close to guide  Keep together  If in doubt – ask your guide 30

31. Slide 31: Operations

    Operations Bruce van Twest – General Manager Operations 31

32. Slide 32: Operations – Carina West Processing Plant

    Operations – Carina West Processing Plant Site Agenda • Site Information • Quality & Food Safety • Current Initiatives • Plant Tour 32

33. Slide 33: Operations – Carina West: Site Information

    Operations – Carina West  Site Information  The site occupies100 hectares of land  Commissioned in 2008 at a cost of $40 million  Hulling and Shelling capacity is 30,000MT (9 months)  36 hectares of stock pad capacity (limestone for product storage)  Climate controlled warehouse  Laboratory,

34. Slide 34: Operations – Carina West: Storage

    Operations – Carina West  Site Information Storage  Each load received is assigned a barcoded huller ticket at the weighbridge  KCI Elevator is used to reduced damage  All piles are segregated at all times by farm and by farm lot for traceability  All piles are covered prior to predicted rain e

35. Slide 35: Operations – Carina West: Hulling and Shelling

    Operations – Carina West  Site Information Hulling and Shelling  Hull and shell capacity of 10t/hr (kernel weight).  First sorter is a Satake colour sorter which removes any mould and foreign material  Second sorter is a Best Helius laser sorter which removes splits, brokens, insect damage, moul

36. Slide 36: Operations – Carina West: Sorting and Packing

    Operations – Carina West  Site Information Sorting and Packing  There are 2 colour sorters in the Packing Shed  The Packing line has a capacity of 6t – 10t/hr depending on carton/bag size.  Pack sizes are:  5kg – 22.68kg cartons  500kg – 1000kg bulk bags  The Packing line is a fully automated

37. Slide 37: Operations – Carina West: Warehouse and Fumigation

    Operations – Carina West  Site Information Warehouse  All kernel and finished goods are stored in a climate controlled Warehouse between 16 & 18 degrees  This helps with keeping the product fresh, and also breaks the life cycle of any infestation (moths)  The Warehouse has a capacity of 13,000 b

38. Slide 38: Quality and Food Safety

    Operations – Carina West Weighbridge:  Quality and Food Safety Moisture Sampling Pre-Cleaner Waste:  Moisture samples at Weighbridge Weights Recorded Hulling and Shelling  Pre-cleaner waste Hull and Shell: Full QA  Hull/Shell samples Full QA  Pre/post electronic sorting samples Electronic Rejec

39. Slide 39: Operations – Carina West: Current Initiatives

    Operations – Carina West  Current Initiatives  H20 Express Steam Pasteuriser  Hull disposal  Stock Feed  Co-generation  Focus on start-up quality 39

40. Slide 40: Plant Tour

    2 Z A SELECT HARVESTS Plant Tour ( ALLINGA FARMS )

41. Slide 41: Key Hazards in Processing Plant

    Operations – Carina West Plant Tour  Key Hazards in Processing Plant • Traffic (forklifts) • Noise • Compressed Air • Almond dust 41

42. Slide 42: Personal Equipment Requirements

    Operations – Carina West Plant Tour  Personal Equipment Requirements  Hi-vis vests / shirts must be worn  Face masks in designated areas  Eye protection in all areas  Ear protection in all areas  Hair nets and beard snoods  Wash & Sanitise hands in designated areas 42

43. Slide 43: Emergency Procedures

    Operations – Carina West Plant Tour  Emergency Procedures  If factory siren sounds, remain calm & follow your guide’s instructions  Your guide will escort you to the emergency assembly point if required  Stay on designated walk ways  Keep together  If in doubt – ask your guide 43

44. Slide 44: Operations – Carina West Plant Tour

    Operations – Carina West Plant Tour Guide 1 – Red Group Guide 2 – Blue Group Guide 3 – Green Group Guide 4 – Yellow Group Bruce van Twest Peter Ross Davin Wright Kris Pronsolino GM Operations GM Horticulture Processing Operations Mgr H&S Supervisor  1  1  1  1  2  2  2  2  3  3  3  3  4

45. Slide 45: Operations – Thomastown Manufacturing Plant

    Operations – Thomastown Manufacturing Plant Site Agenda • Site Information • Quality & Food Safety • Current Initiatives • Plant Tour 45

46. Slide 46: Operations – Thomastown: Site Information

    Operations – Thomastown Manufacturing Plant  Site Information  The Select Harvests head office has been located at the Thomastown facility since 2002.  The site consists of corporate offices, the production facility, an on-site laboratory and warehouse.  The site employs 54 staff and between 70

47. Slide 47: Operations – Thomastown: Processing Lines

    Operations – Thomastown Manufacturing Plant  Site Information  This site has 11 processing lines which include:  Laser sorters  Dry roasters  Oil roaster  Almond blanching, slicing and grinding lines  Dicer  Blending  Conching  Doye and vertical form filling machines 47

48. Slide 48: Operations – Thomastown: Packaging Formats

    Operations – Thomastown Manufacturing Plant  Site Information  Packaging formats include:  Pillow packs  Size range from 100g - 750g  Edge seals & Block bottoms  Doye Bags  Size range from 150g – 1kg  Re-sealable Doye bags  Bulk cartons  10 – 25kg  These lines service the retail, wholesal

49. Slide 49: Quality and Food Safety

    Operations – Thomastown Manufacturing Plant  Quality and Food Safety  SQF2000 – Level 3  Codex HACCP – Version 2003 SQF2000 & HACCP ver:2003  Woolworths Quality Assurance Standard  Coles Supplier Management Program  AQIS / Halal / Kosher / Organic certifications 49

50. Slide 50: Operations – Thomastown: Current Initiatives

    Operations – Thomastown Manufacturing Plant  Current Initiatives  Cost improvement initiatives targeting 5% reduction in manufacturing expenditure  Optimisation of asset footprint & introduction of ‘Lean’ manufacturing techniques  Relocation of bulk packing line  Snack pack line project  Reduc

51. Slide 51: Plant Tour

    2 Z A SELECT HARVESTS Plant Tour ( ALLINGA FARMS )

52. Slide 52: Key Hazards in Processing Plant

    Operations – Thomastown Plant Tour  Key Hazards in Processing Plant  Traffic (forklifts)  Noise 52

53. Slide 53: Personal Equipment Requirements

    Operations – Thomastown Plant Tour  Personal Equipment Requirements  Hi-vis vests with disposable coats  Ear protection in all areas  Hair nets and beard snoods  No jewellery except wedding bands  Wash & Sanitise hands in designated areas 53

54. Slide 54: Emergency Procedures

    Operations – Thomastown Plant Tour  Emergency Procedures  If factory siren sounds, remain calm & follow your guide’s instructions  Your guide will escort you to the emergency assembly point if required  Stay on designated walk ways  Keep together  If in doubt – ask your guide 54

55. Slide 55: Operations – Thomastown Plant Tour

    Operations – Thomastown Plant Tour Guide 1 – Red Group Guide 2 – Blue Group Bruce van Twest Baoanh Vu Spezza GM Operations Site Operations Mgr  1  1  2  2  3  3  4  4  5  5  6  6  7  7  8  8 55

56. Slide 56: Trading

    Trading Laurence Van Driel – Trading Manager 56

57. Slide 57: Trading/Industrial

    Trading/Industrial  Almond Trading  Almonds Unlisted commodity  Global pricing set off US market  Australian domestic price global price plus freight to import  Maximise return irrespective of market or product  Inshell versus kernel  Export versus domestic  Customers  Distributors/Baggers

58. Slide 58: Key Markets (Production & Consumption)

    Key Markets (Production & Consumption) Global Almond Production 2011/12 Global Almond Consumption 2011/12 EU-27 27% United States United States 7% India 9% 3% EU-27 United Arab Emirates 5% 2% Australia Vietnam 1% Turkey 4% Turkey 0% Chile 3% Canada 86% 35% Other 3% Japan 3% 2% China 9% 2% Hong Kong

59. Slide 59: Global supply-demand dynamic attractive

    Global supply-demand dynamic attractive  Global market worth an estimated US$4.5 billion  Supply and demand have grown at 8% CAGR over past decade  Current demand growth trending above average growth rate; average supply growth cannot be maintained due to slow-down in recent planting activity  A

60. Slide 60: Almond Price History

    Almond Price History Long Term Almond Price (NPS 23/25) and Exchange Rate $14.00 $1.5000 $1.3000 $12.00 $1.1000 $10.00 Almond Price (A$/Kg, US$/Kg, US$/lb) $0.9000 AUD/USD Exchange Rate $8.00 $0.7000 $6.00 $0.5000 $4.00 $0.3000 $2.00 $0.1000 $- -$0.1000 Dec-94 Dec-01 Dec-08 Oct-93 Aug-99 Oct-00 Aug-

61. Slide 61: Almond Price & Global Crop Update

    Almond Price & Global Crop Update  US Crop  USA 2012 Almond crop est. less than expected 1.9 vs 2.1 billion pounds  Down more than 200 million pounds on earlier projections (equivalent to total Australian & Spanish almond crop)  Current US bloom positive  Australian Crop  Industry reporting go

62. Slide 62: Industrial

    Industrial  Product Range  Process Nuts  Nut blend and pastes  Fruit and Nut Blends  Markets  Domestic & Export  Food and Dairy manufactures  Wholesalers and brokers  Price  Commodity price plus value add plus margin 62

63. Slide 63: Consumer Sales & Marketing

    Consumer Sales & Marketing Mark Eva – General Manager Sales & Marketing – Consumer Products 63

64. Slide 64: Consumer Sales & Marketing - Facts

    Consumer Sales & Marketing - Facts  Currently $93m turnover  Lucky No .1 in Cooking nuts category  Soland Leading Health Foods brand  Sunsol Australia’s No. 5 branded muesli  50% business Private label, >60% products non almond  Innovation represents less than 2% of turnover Huge opportunity t

65. Slide 65: Opportunities in the Consumer Business

    Opportunities in the Consumer Business  Using our brands to generate price premiums and add value to commodities  Capitalise on market growth in nuts, health and whole foods  Strengthen brands and business - underappreciated and potentially more valuable  Food Business contributes to risk mitiga

66. Slide 66: Improvement Initiatives underway

    Improvement Initiatives underway  Improve product mix  e.g. reduced Health Food range by 50%  Cost reductions via more efficient ‘go to market’ model and reduced Operations costs  Improving quality and service  Rebuilding and regaining Retailer confidence and trust post-recall  Improved target

67. Slide 67: Consumer Sales & Marketing - Growth

    Consumer Sales & Marketing - Growth  Strengthen and leverage existing brand positions  Gain necessary Category knowledge and Insight  Rationalise & refresh existing offer  Strengthen Innovation effort  Health, Convenience and Value-added focus  New Channels / Markets  Foodservice, Petrol & Co

68. Slide 68: Closing Presentation – Strategy & Future

    Closing Presentation – Strategy & Future Paul Thompson – Managing Director 68

69. Slide 69: Australian Almond Industry Snapshot

    Australian Almond Industry Snapshot Company Orchards Processing Sales & Marketing Select Harvests 11,449 acres (4,635 ha) – Primary Processing 30KT Consumer, Foodservice & 15% market share Robinvale Vic Industrial businesses Global Nut Trader Vic & NSW Value Added Processing Robinvale & Thomastown V

70. Slide 70: SHV Path Forward – 3 Phases

    SHV Path Forward – 3 Phases LEGEND •Done Consolidation Business Improvement Growth •Underway •Future One Select Restore the Basics Build foundations Expand and grow  Exit Olam  Improve returns in Food Div  Leverage core competencies  Improve farm practices yield  Acquire almond orchards at & qu

71. Slide 71: Growth Opportunities – Existing Almond business

    Growth Opportunities  Existing Almond business  Better horticultural performance across all trees  Maturing of immature trees  Replant older trees  Replant more productive varieties  Replant at higher densities  Secure additional Almond volumes  New processing contracts  Farm gate purchasin

72. Slide 72: Growth Opportunities – Existing Food business

    Growth Opportunities  Existing Food business  Improve manufacturing safety, processes and performance  Efficiency measures  New Business  Food Services  NZ  New Products  Rationalise and refresh SKU’s  Insight driven strategies and products 72

73. Slide 73: Why Select Harvests?

    Why Select Harvests? 1. Excellent Industry Fundamentals 4. Competitive Advantage: Quality Assets  Supply/Demand  85% orchards mature in 2 years  Counter-cyclical to USA  State of Art Carina West processing 2. Integrated Business Model facility  Orchards  Market leading brands  Processing & Pa

74. Slide 74: Thank you

    Thank you Please direct any queries to: Paul Thompson, Managing Director, +61 3 9474 3544 Paul Chambers, Chief Financial Officer, +61 3 9474 3544 Andrew Angus, Investor Relations, +61 402 823 757 74

75. Slide 75: SHV Background Investor Information

    SHV Background Investor Information 75

76. Slide 76: Evolution of Select Harvests

    Evolution of Select Harvests • 1984 Select Harvests Ltd (“SHV”) listed on ASX • 2000 Became key almond industry service provider to Timbercorp (“TIM”) SHV bound to TIM in an exclusive arrangement SHV managed orchard business grew to 34,000 acres (29,500 acres TIM) • 2008 SHV construct Carina West Pr

77. Slide 77: Select Harvests Snapshot

    Select Harvests Snapshot • SHV is Australia’s leading integrated almond business with significant positions throughout the entire almond value chain. Orchards Processing Sales & Marketing Summary of Capability Portfolio 11,449 acres (4,635 hectares “ha”) Primary Processing 30KT Consumer, Foodservice

78. Slide 78: Almond Division – Orchards & Processing

    Almond Division – Orchards & Processing Farmed Orchard Area Almond Processing Area Controlled Orchards Acres Hectares Acres Hectares Owned 4,013 1,624 4,013 1,624 Leased 1,481 600 1,481 600 Victoria 5,494 2,224 5,494 2,224 Owned 1,511 612 1,511 612 Leased 3,017 1,221 3,017 1,221 NSW 4,528 1,833 4,52

79. Slide 79: Almond Tree Life Cycle & Yield

    Almond Tree Life Cycle & Yield  Almond trees take 7 years to mature, then produce at that level for approx. 18 more years before tapering  Select Harvests average tree age is 11.2 years. 1.60 1.50 1.40 1.30 1.20 Yield (Tonnes/Acre) 1.10 1.00 0.90 0.80 0.70 0.60 0.50 0.40 0.30 0.20 0.10 0.00 Year 1

80. Slide 80: Food Division

    Food Division  MARKET LEADING BRANDS  KEY CATEGORIES  Nuts  Snack Foods  Private Label  Health Foods  Fresh Produce  Muesli  Blends  Dried Fruits PROCESSING CAPABILITY KEY CUSTOMERS  Blanching  Slicing  Slivering  Meal  Pastes  Roasting 80  Blending

81. Slide 81: Consumer - Brand Summary

    Consumer - Brand Summary • Market leader in the cooking nut category. • Cooking Nut product range: almonds, walnuts, cashews, hazelnuts, brazil nuts, pine nuts, pistachios, macadamias, sunflower seeds and pepitas (value share 37.7% in the MAT to 3.2.13) • Snacking product range: portion control pack

82. Slide 82: Almond Facts

    Almond Facts  Compelling Long-Term Supply & Demand (“S & D”) Fundamentals  Fast growth - Global almond demand grew at a Compound Annual Growth Rate of 8% p.a. over the last decade  Tight S & D - delicately balanced in a long-term high growth market  Demand increasingly driven by rapid urbanisati

83. Slide 83: Australian Almond Regions, Varieties & Grades

    Australian Almond Regions, Varieties & Grades  Regions  Sunraysia (VIC)  Riverland (SA)  Riverina (NSW) Non-Pollinators  Varieties  Non-Pollinators  Non-Pareil  Pollinators  Carmel  Price  Ne Plus  Peerless  Mission  Monterey  Fritz  Grades  Extra Supreme  Supreme  Select Sheller

84. Slide 84: Australian Almond Industry

    Australian Almond Industry  Australian Almond production has undergone significant growth since 2003, increasing by approx. 45,000 tonnes to 55,000 tonnes in 2012 Australian Almond Production 100,000 90,000 80,000 70,000 60,000 Tonnes 50,000 40,000 30,000 20,000 10,000 0 2003 2004 2005 2006 2007 20

85. Slide 85: Industry Links

    Industry Links  Industry Associations  Almond Board of Australia www.australianalmonds.com.au  Californian Almond Board www.almondboard.com  US Companies  Blue Diamond Growers www.bluediamond.com  Almond Insights www.almondinsights.com  Paramount Farms www.paramountfarms.com  Hilltop Ranch w

86. Slide 86: Thank you for your interest in Select Harvests

    Thank you for your interest in Select Harvests 86

Select Harvests — Investor Day (March 2013) on 6ix