Rural Funds Group · ASX:RFF

Rural Funds — RFM Poultry — H1 FY2015 Earnings Presentation

17 slides from Rural Funds's earnings presentation, Mar 3, 2015

  1. Slide 1: RFM Poultry Financial results presentation half year ended 31 December 2014

    RFM Poultry (NSX: RFP) Financial results presentation half year ended 31 December 2014 3 March 2015 1

  2. Slide 2: Disclaimer

    Disclaimer This presentation has been prepared by Rural Funds Management Limited (ACN 077 492 838) (“RFM”) as the responsible entity of RFM Poultry (ARSN 164 851 218) (“RFP”). The information contained in this presentation is not investment or financial product advice and is not intended to be used

  3. Slide 3: Agenda

    Agenda RFM attendees 1. Highlights and results summary Stuart Waight Chief Operating 2. Forecasts Officer 3. Strategic and operational update Daniel Yap Financial Controller 4. Appendices James Powell Investor Relations & Distribution Manager 3

  4. Slide 4: Highlights and results

    Highlights and results

  5. Slide 5: Highlights first half FY2015

    Highlights first half FY2015  Outsourced maintenance activities of Griffith farms to a third party Achievements  Sale facility for small parcels completed 24 September 2014  9% register turnover for result period and 18% since listing  Net profit after tax of $745,168  Earnings per unit of 10.9

  6. Slide 6: Results summary

    Results summary Metrics as at 31 December 2014  Results reflect 6 months of operations Income to 31 December 2014 Revenue 12,851,633 Net profit after income tax 745,168  Result above expectation for the period Earnings per unit (cents) 10.95 due to: Portfolio Net asset value (NAV) 7,030,850 – Lowe

  7. Slide 7: First half FY2015 results

    First half FY2015 results Summarised statement of comprehensive income  Comparative period of 31 December 6 months ended Period ended 2013 relates to 13 days of operation 31 Dec 2014 31 Dec 2013  RFM outsourced the maintenance Revenue 12,851,633 950,978 activities of Griffith farms in December Oth

  8. Slide 8: First half FY2015 results: summarised balance sheet

    First half FY2015 results Summarised balance sheet  Net assets $7.0m As at As at 31 Dec 2014 30 Jun 2014  NAV per unit $1.03 Cash and cash equivalents 5,383,442 4,065,890  Nil interest bearing liabilities Trade and other receivables 3,219,805 4,198,374 Other current assets 242,916 283,043  Cash

  9. Slide 9: Forecasts

    Forecasts

  10. Slide 10: Forecast

    Forecast Distributions  Revised profit before tax forecast to be in the range of $1.25m to $1.40m or $0.86m to $0.98m after tax, Record date CPU reflecting lower gas costs across the year 30 September 2014 (inc franking) 3.58  Profitability lower in second half FY2015 as a result 30 December 2014

  11. Slide 11: Strategic and operational update

    Strategic and operational update

  12. Slide 12: Strategic and operational update

    Strategic and operational update  Completed the outsourcing of the RFP assets maintenance function to a third party as outlined in FY14 accounts presentation. This will allow RFP management to focus on chicken growing activities, and allow the external provider to focus on maintenance activities. T

  13. Slide 13: Appendices

    Appendices

  14. Slide 14: RFP further details

    RFP further details  One of Australia’s largest contract chicken growers (growing Lease information ~30 million birds p.a.) successfully managed by RFM since 2003 17 poultry farms consisting of 154  RFP has long term contracts for growing chicken spanning 10 sheds (13 poultry farms with 134 to 22

  15. Slide 15: Responsible entity relationship

    Responsible entity relationship RFM is one of the oldest and most experienced agricultural funds management organisations in Australia  Rural Funds Management Limited (RFM) is an experienced fund and asset manager that specialises in Australian agriculture  Established in 1997, RFM has historicall

  16. Slide 16: RFM board and management team

    RFM board and management team RFP is externally managed and governed by a highly experienced management team and board Board of directors Contact • Joined RFM in 2003 • Responsible for reviewing and optimising the • Former director of broking firm JBWere with more than performance of the RFM funds,

  17. Slide 17: Corporate information

    Corporate information Rural Funds Management Ltd ACN 077 492 838 AFSL 226701 Canberra Office Level 2 2 King Street Canberra ACT 2600 Telephone: +61 2 6203 9700 Facsimile: +61 2 6281 5077 Website: www.ruralfunds.com.au For further information: For media enquiries: Investor relations enquiries: David

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