Ricegrowers Ltd. Class B · ASX:SGLLV
Ricegrowers Ltd. Class B — SunRice — Investor Presentation (February 2013)
9 slides from Ricegrowers Ltd. Class B's investor presentation, February 2013
Slide 1: SunRice Update – RGA Branch Meetings
SunRice Update RGA Branch Meetings SunRice Chairman, Mr. Gerry Lawson AM February 2013
Slide 2: C12 Half Year Results
C12 Half Year Results Strong performance for the six months to October 2012 including: • Consolidated revenue of $519 million - 7.7% increase year on year • Group profit after tax of $15 million - 24% increase year on year • Gearing at 53% • Stronger paddy price achieved for growers • These results
Slide 3: C12 Full Year Outlook
C12 Full Year Outlook • Export prices reduced slightly in the third quarter and are expected to continue to soften in the fourth quarter as Egypt increases exports • We remain cautious for the second half of the year and expect price pressures due to: o Competition with California for increased WTO
Slide 4: Crop Outlook for C13
Crop Outlook for C13 • Strong crop outlook • High temperatures in early January 2013 boosted yield potential to above average • Crop survey indicates the area planted to rice has increased on C12 • If favourable weather conditions continue, C13 harvest tonnages will exceed C12
Slide 5: US #1 Medium Grain
US $ FOB per MT $1,150 $1,350 $350 $550 $750 $950 $150 May 05 Aug 05 Nov 05 Feb 06 US #1 May 06 U.S #1 Aug 06 Nov 06 Feb 07 May 07 Aug 07 Medium Nov 07 Medium Grain Feb 08 May 08 Aug 08 Nov 08 Grain Feb 09 Milled Rice May 09 Aug 09 Nov 09 Feb 10 Milled May 10 4% - Creed Aug 10 Nov 10 Rice Feb 11 May
Slide 6: Thai and Vietnamese Long Grain Milled Rice
Thai and Vietnamese Long Grain Milled Rice Thai LG and Vietnamese LG - Creed Rice Market Report US$ /mt $1,350 $1,150 $950 $750 Thai $550 $350 Vietnamese $150 May 05 Aug 05 Nov 05 May 06 Aug 06 Nov 06 May 07 Aug 07 Nov 07 May 08 Aug 08 Nov 08 May 09 Aug 09 Nov 09 May 10 Aug 10 Nov 10 May 11 Aug 11 N
Slide 7: Capital Structure Review – feedback to date
Capital Structure Review – feedback to date • Meetings held throughout the regions in November 2012 • Meetings were well attended with a robust discussion • Valuable constructive feedback was received: o General acknowledgement of the need for change o Near unanimous support for growing the business
Slide 8: Capital Structure Review – next meetings
Capital Structure Review – next meetings • Next meetings are planned for March 2013 • We encourage all shareholders and their families to attend • Additional information channels: o Website: http://capitalstructurereview.sunrice.com.au/ o Hotline: 1800 643 977 o Mail: Keep an eye on the post for upd
Slide 9: Questions
Questions