Slide 1: Results Presentation Year Ended 30 June 2005
A SELECT HARVESTS collaboration delivery integration Results Presentation Year Ended 30 June 2005
Slide 2: Financial Results Year Ended 30.6.2005
SELECT HARVESTS A 2005 $7000 2004 $7000 FINANCIAL RESULTS YEAR ENDED 30.6.2005 % increase 178,029 127,380 +39.8 33,262 23,836 +39.5 Net Profit After Tax 21,716 15,225 +42.6 Earnings per Share 55.9 cents 40.0 cents +39.7 Dividend (Total) 42.0 cents 26.0 cents +61.5
Slide 3: Earnings History
\w EARNINGS HISTORY «© SELECT HARVESTS Dividend per ordinary share Earnings per share DPS EPS cents cents 2002 2003 2004 2005
Slide 4: Balance Sheet
ZA SELECT HARVESTS 2005 $’000 BALANCE SHEET: 2004 $’000 1 Current Assets 55,022 32,591 Non Current Assets 77,290 74,364 Total Assets 132,312 106,955 Current Liabilities 37,908 19,077 | Borrowings 376 7,123 1 Non Current Liabilities 2,483 1,487 ‘otal Liabilities 40,767 27,687 # TOTAL EQUITY 91,545 79
Slide 5: Share Price Movement
\ Z SELECT HARVESTS SHARE PRICE MOVEMENT<.” Current 10.55 - go-unr - SO-ueW - 70-08q - p0-das - po-unr - poe - €0-08q - €0-des - €o-unr - €0o-JeW - Z0-08q - Z0-dag - zo-unr - ZO-eW * t LQ-998q ey - Lo-des Oo A fo-unp lalalelelololelialololalololalalalalalaialole) SNHOMSHSHSHSHSHSHSHSHSHS HK COMHOONO
Slide 6: Divisional Performance
AZ, DIVISIONAL PERFORMANCE - SELECT HARVESTS $7000 EBIT EBIT GROWTH 2005 i 2004 i Almond 26,297 16,264 444%, Division Food Products 8,115 6,813 +19% Pesticides 1,259 152 +67% |] Operating EBIT | 35,671 25,629 +38% Corporate (2,408) (1,993) Total 33,263 25,636
Slide 7: Profit Drivers
Z _A... PROFIT DRIVERS « Increased acres of new almond developments +17% « Expansion of total acres under management +29% « Increased production from managed orchards +121% * Increased yields from SHV owned orchards +26% Higher almond price achieved from owned orchards +11% ¢ Growth of Food Products
Slide 8: Almond Orchards
Z ZZ ALMOND ORCHARDS « © SELECT HARVESTS p EBIT FY 2004 - $18.264m EBIT FY 2005 $26.297m 4 43.9% «4100 acres of new investor owned orchards planted in 2005 compared with 3500 acres in 2004 increasing establishment fees. * 2005 crop 6070 tonnes up from 3570 tonnes in 2004 - SHV crop up 26% on 2004 -
Slide 9: Food Products
Z ZA FOOD PRODUCTS « * SELECT HARVESTS EBIT FY 2004 - $6.813m EBIT FY 2005 - $8.115m t 19.1% EBITA FY 2004 - $8.226m EBITA FY 2005 - $9.629m 4 17.0% « Consumption growth continues particularly in natural / health areas * Sales up for the year by 48% for the year as a result of Chiquita Nibbies busin
Slide 10: Our Business Today
Aimond Sales A SELECT HARVESTS OUR BUSINESS TODAY —+[Bomesie] 60% Farm Management —. [Processing 35% Orchard <— Establishment Supply to Supply to Supply to Supermarkets Manufacturers Other Distributors
Slide 11: Select Harvests in 2004 and 2005
\w SELECT HARVESTS SELECT HARVESTS IN 2004 EBIT $23.8 Million 3% 26% G Pesticide Division Almond Operations} @ Food Products Sales $127.4 Million Total Assets $106.9 Million Market Capitalisation $257 Million Share Price $6.67 (30June 04) Full-time employees 252 Almond Acreage 14036 acres Almond Ton
Slide 12: Non Pareil
> & 2) e 2] = ud 2 x a =) z o = ved < < Zz © he < z © a = »\ SELECT HARVESTS NON PAREIL SSR b - oO tO se) “ q$sn tO °
Slide 13: USA Almond Crop
\w SELECT HARVESTS USA ALMOND CROP“) USA Almond Crop Estimate 1200 - 1063 gso 1000 850 Million Ibs
Slide 14: World Almond Consumption
\w WORLD ALMOND CONSUMPTION SELECT HARVESTS 1500 & 1000 c S = 500 E 1996 1997 1998 1999 |2000 |2001 |2002 |2003 |2004 2005 =—World Supply | 714 | 758 |1021) 779 |1123|1093/1150/ 1387) 1314 | 1258/1188 —<=Consumption | 621 | 710 | 849 | 687 | 918 | 966 |1069) 1217) 1165/1143) 1075 conse CarryOutDays|
Slide 15: USA Almond Crop Annual Shipments
\w SELECP HARVESTS USA ALMOND CROP ANNUAL SHIPMENTS“: USA Almond Crop Annual Shipments 982 1024 1000 (Million Ibs) [ep] OQ Qo 1996 1997 1998 1999 2000 2001 2002 2003 2004
Slide 16: Increasing Nut Consumption - International
Z WV” INCREASING NUT CONSUMPTION «. ~ SELECT HARVESTS INTERNATIONAL « Most consuming countries are reporting ongoing consumption growth « Firming prices for all tree nuts indicates strong demand « USA domestic consumption of almonds continues to increase at higher prices * Increase marketing activit
Slide 17: Increasing Nut Consumption - Australia
Z EB = YW INCREASING NUT CONSUMPTION... © SELECT HARVESTS p AUSTRALIA * Continuing evidence of a move towards “natural whole foods” and increased snacking of natural nut products. Greater focus being given to health and natural snacking categories in supermarkets * Cooking / natural snack supermarke
Slide 18: Future Outlook
Z a ZZ FUTURE OUTLOOK«: * SELECT HARVESTS p « Increasing nut consumption in both domestic and international markets « Strong fundamentals in international almond market with almond prices at record highs « Almonds now established as a main steam horticultural investment with evidence of increasing i