Select Harvests Limited · ASX:SHV
Select Harvests — H1 2006 Earnings Presentation
13 slides from Select Harvests's earnings presentation, Feb 21, 2006
Slide 1: Results Presentation - Half Year Ended 31 December 2005
f Year Ended - 31 Decerrnber 2005 [ Results Presentation - Ha
Slide 2: Financial Results Half Year 31/12/2005
FINANCIAL RESULTS HALP YEAR 34/12/2005 EBIT (A$’000) 6 Months Ended 34/12/05 $'000 6 Months Ended 31/12/04 $’000 % change Almond Division 12,946 9,830 ae $2% Food Products Division 6,213 6,863 +6% Corporate Costs ~f, 456 1,235 Operating EBIT 47,704 14,468 interest Expense 284 -652 Profit from Pestic
Slide 3: Balance Sheet
BALANCE SHEET 6 Months Ended 31/12/05 $7000 6 Months Ended 31/12/04 $000 | Current Assets 55,257 56,529 79,825 77,676 135,082 134,205 | Current Liabilities 21,735 20,744 5,288 23,710 Non Current Liabilities 10,544 9,965 | Total Liabilities 37,5 54,449 (TOTAL EQuiry 97,5 79,766 | Debt to E 5 30%
Slide 4: Financial Results Half Year 31/12/2005
FINANCIAL RESULTS HALP YEAR 34/12/2005 6 Months Ended 34/12/05 $000 6 Months Ended 31/12/04 $000 % change Earnings per share (basic) ~ total operations 42.4 cents 24.6 cents 472% arnings per share (basic) ~ continuing operations 31.6 cents 23.4 cents 435% Interim dividend 20.6 cents 16.0 cents 428%
Slide 5: EBIT Contribution
EBIT CONTRIBUTION O17, 704 514,458 EBIT 6 Months Ended 31/12/05 EBIT 6 Months Ended 31/12/04 f& Almond : l; @ Almond Operations | Operations Food Products m Food Products Operating EBIT aoe. Ended ee Ended % change Almond 12,946 9,830 432% Operations Food Products 6,213 5,863 +6% Operating EBIT 19,1
Slide 6: Almond Operations
Ze P.. ALMOND OPERATIONS EBIT HY Dec 05 - $12.946m EBIT HY Dec 04- $9.830m a 32% 2005 2004 « Increased orchard establishment. » | 4.108 acres 3,573 Acres « Increased area under management. —————_____+ | 15,782 acres 11,674 acres « Increased processing fees on third party tonnage. ——+ | 3.686 tonnes
Slide 7: Food Products
Ze P.. FOOD PRODUCTS EBIT HY Dec 05 - $6.213m EBIT HY Dec 04 - $5.863m + 6% « Nut sales in supermarkets continue to grow. Almond sales continue to grow at double digit levels. Consumer trend is towards natural whole foods and healthy snacks. Improved sales and market share for branded business in th
Slide 8: Food Products - New Products
FOOD PRODUCTS —~ NEW PRODUCTS
Slide 9: Food Products - Advertising Support
# P.. FOOD PRODUCTS —~ ADVERTISING SUPPORT « Advertising new Lucky snacking « Advertising campaign for the Almond products in Australian Good Taste Board of Australia Snacking for ae Gf australian almonds ». Aren t we... A handful of almonds everyday* ix good for your heart and your waist. * Replaci
Slide 10: SHV Business Model
Ze P.. SHV BUSINESS MODEL Key Objectives « Diversify and expand our income stream to deliver sustainable earnings growth with less volatility from agricultural risk. « Transform the company from an almond grower to a fully integrated food company. « Leverage core skills of almond growing and knowled
Slide 11: Key Drivers in 2005
Ze A... KEY DRIVERS IN 2005 + The business model has been further developed in 2005. — establishment of a further 4,108 acres of new almond orchards for external investors in winter 2005 increasing total area under management by 29% to 18,150 acres — plan to establish a further 7,200 acres of new or
Slide 12: World Almond Market
Ze P.. WORLD ALMOND MARKET Almond Price NP SSR 23/25 USDilb 4.5 4 3.5 3 25 [RA 2 Los 15 Wr x 4 0.5 0 . . . . . ' . . . . . . rte) $e) A Noy gS N On oe ey e SF e ee ey e
Slide 13: Business Drivers
Ze P.. BUSINESS DRIVERS Scale of SHV almond operations: — top 3 growers internationally — manages over 55% of Australia’s orchards — Australia set to overtake Spain as #2 almond producer behind USA in next 10 years Australia has competitive advantage as an almond producer. — higher yields — quality