Rural Funds Group · ASX:RFF
Rural Funds — 2007 Macgrove Project (MP07) — FY2021 Earnings Presentation
14 slides from Rural Funds's earnings presentation, Oct 15, 2021
Slide 1: 2007 Macgrove Project (MP07) Financial results presentation
2007 Macgrove Project (MP07) Managed by: ARSN 119 560 235 Financial results presentation for the year ended 30 June 2021 15 October 2021 15 October 2021
Slide 2: Disclaimer
Disclaimer Rural Funds Management Limited (RFM) AFSL 226701, has prepared this presentation based on information available to it. Although all reasonable care has been taken to ensure that the facts stated and opinions given in this presentation are fair and accurate, the information provided in thi
Slide 3: Contents and Presenters
Contents 1. Industry and harvest overview Presenters 2. FY21 financial results 3. Conclusion James Powell Scott Norval Sandra Walton General Manager – National Manager – Senior Funds Investor Relations Macadamias Administrator & Marketing 3
Slide 4: Industry and harvest overview
1 Industry and harvest overview Macadamia orchard row, Swan Ridge Qld, March 2021. 4
Slide 5: Industry update
Industry update Australian 2020/21 kernel sales3 Australian industry update • The 2021 Australian macadamia crop forecast has been revised down by 4.5% from 54,440 to 52,000 tonnes at 10% moisture.1 • Kernel yields are slightly down however overall quality is very good.1 • Australian macadamia kerne
Slide 6: MP07 harvest overview
MP07 harvest overview A challenging growing season but good harvest conditions. • Flowering for the 2021 crop began in October 2020 and was followed by a reasonable ‘nut set’ across all varieties. • The 2021 harvest commenced March 2021 and was completed September 2021. • Throughout the growing peri
Slide 7: Yield and price
Yield and price MP07 2021 yield of 3.34 tonnes/ha and forecast price of $5.85/kg NIS. 4.5 $7.00 • The 2021 yield reflects the hot and very dry conditions experienced over the growing season: 4.0 $6.50 • Total crop (kernel) of 1.25 tonnes/ha (down 1.40 3.5 $6.00 tonnes/ha from the 2020 crop). • Suppl
Slide 8: Optical yield monitoring and counting technology
Optical yield monitoring and counting technology Technology assisting management in predicting yields and tailoring nutrition programs. • Management is trialling and developing optical yield monitoring and counting technology. • Artificial intelligence counts nuts using images that are taken of the
Slide 9: FY21 financial results
2 FY21 financial results Macadamia nuts at Swan Ridge, Bundaberg Qld, March 2021. 9
Slide 10: Cash flow and harvest timeline
Cash flow and harvest timeline The FY21 distribution is based on partial harvest proceeds of two crops received during the financial year. FY21 harvest period and proceeds July 20 Aug 20 Sept 20 Oct 20 Nov 20 Dec 20 Jan 21 Feb 21 Mar 21 Apr 21 May 21 Jun 21 2020 harvest period 2021 harvest period 20
Slide 11: FY21 financial results
FY21 financial results Return to Growers of $983 inc. GST refund. • Each Macgrove is entitled to a combined distribution and GST refund of Per Macgrove $983. This is lower than FY20, primarily driven by: Income • lower yield, Harvest proceeds - 2020 crop $6,802 • lower macadamia price and Harvest pr
Slide 12: Conclusion
3 Conclusion Macadamia orchard in flower, Swan Ridge, Bundaberg Qld, September 2021. 12
Slide 13: Conclusion
Conclusion Industry recovering well and a good result despite challenging conditions. • Industry recovering to pre-pandemic levels. • Yield of 3.34 tonnes/ha NIS despite hot and very dry growing conditions, indicative farm gate price of $5.85/kg NIS (subject to end of season adjustment). • The retur
Slide 14: 2007 Macgrove Project (MP07)
2007 Macgrove Project (MP07) Managed by: ARSN 119 560 235 See how RFM is managing good Rural Funds Management Limited For further information: assets with good people: ACN 077 492 838 James Powell AFSL 226701 General Manager – Investor Relations & Marketing Level 2, 2 King Street, Deakin, ACT, 2600
2007 Macgrove Project (MP07) — FY2021 Earnings Presentation on 6ix