Rural Funds Group · ASX:RFF
Rural Funds — RFM Poultry — H1 2018 Earnings Presentation
15 slides from Rural Funds's earnings presentation, Feb 28, 2018
Slide 1: Financial results presentation
Financial results presentation presentation Half year ended 31 December 2017 Managed by: 28 February 2018
Slide 2: Disclaimer
Managed by: 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
Slide 3: Agenda
Managed by: Agenda RFM attendees 1. Results and outlook Stuart Waight Chief Operating Officer 2. Operational update 3. Appendices Daniel Yap Financial Controller – Trading RFP units James Powell Investor Relations & Distribution Manager 3
Slide 4: Results and outlook
Managed by: 1 Results and outlook RFM management assessing broiler chickens, Griffith, New South Wales, December 2016
Slide 5: HY18 results summary
Managed by: HY18 results summary Metrics as at 31 December 2017 • Profit after tax of $0.26m Income Revenue $12,067,830 • NAV per unit of $1.12 Net profit after income tax $258,447 • Distributions totalled 7.18 cpu (inclusive of Earnings per unit (cents) 3.75 franking) for the first two quarters, Po
Slide 6: HY18 results
Managed by: HY18 results Summarised Statement of Comprehensive Income • Revenue lower during the period due to Half Year ended Half Year ended Efficiency Rating System (ERS) penalties 31 December 2017 31 December 2016 (see slide 10) $ $ • Operating expenses increased due to: Revenue 12,067,830 12,10
Slide 7: HY18 results
Managed by: HY18 results Summarised Balance Sheet • Net assets of $7.7m As at As at 31 December 2017 30 June 2017 • NAV per unit of $1.12 $ $ • $2.0m of cash held in term deposits Cash and cash equivalents 6,187,989 6,230,162 Trade and other receivables 1,807,651 1,896,547 • Nil interest bearing lia
Slide 8: Outlook
Managed by: Outlook FY18 distributions (inc. franking) • FY18 profit forecast retained. It is expected the Record date cpu full year result will be at the very lower end of 29 September 2017 3.59 the forecast profit range due to ERS penalties over FY18: 29 December 2017 3.59 – $0.87m to $1.18m befor
Slide 9: Operational update
Managedby: 2 Operational update Newly installed solar panels, Lethbridge, Victoria, January 2018
Slide 10: Efficiency Rating System
Managed by: Efficiency Rating System • The Efficiency Rating System (ERS) rates the relative performance of farms in the Riverina region, measured by daily weight gain and feed conversion. Premiums or discounts are applied to the growing fee paid for each farm based on their relative performance • R
Slide 11: Renewable energy
Managed by: Renewable energy Solar panels • In recent years RFM has undertaken investigations into a range of energy options including renewable energy • As a result of these investigations, RFM arranged the installation of solar panels on all four Lethbridge farms, which are contracted to supply Tu
Slide 12: Appendices
Managed by: 3 Appendices Poultry sheds, Griffith, New South Wales, December 2016
Slide 13: Trading RFP units
Managed by: Trading RFP units Fig 1: Step-by-step guide • Pritchard & Partners Pty Ltd provides a broking service at a cost of 1.1%, with a minimum $110 (inc. GST) • A detailed guide to trading RFP units through Pritchard & Partners Pty Ltd can be accessed by contacting RFM (Figure 1), however as an
Slide 14: Rural Funds Management
Managed by: Rural Funds Management Key information Board and management team contacts and tenure Established 1997 Total: $743m Assets under Rural Funds Group: $687m management RFM Poultry: $9m Guy Paynter David Bryant Michael Carroll Julian Widdup Almond Funds 06-08: $35m Non-Executive Managing Non-
Slide 15: Corporate information
Managed by: Corporate information ACN 077 492 838 AFSL 226701 Canberra Office Level 2, 2 King Street Deakin ACT 2600 Telephone: +61 2 6203 9700 Facsimile: +61 2 6281 5077 managing good assets with good people Website: www.ruralfunds.com.au For furtherinformation: For media enquiries: For investor re