Slide 1: Results Presentation Year Ended 30 June 2006
ZA SELECT HARVESTS : Results Presentation Year Ended 30 June 2006
Slide 2: Financial Results Year Ended 30 June 2006
Ez LAs FINANGIAL RESULTS YEAR ENDED 30 JUNE 2006 SELECT HARVESTS Year ended | Year ended % / (A#039;000) 30/06/06 30/06/05 increase | Sales Revenue 217 B66 473,864 +28% | EBIT - Alrnond Division 32,075 26,270 422% “Food Products Division 9,212 9,341 -1% Corporate ~2,918 ~2,540 Operating EBIT 38,369 33,
Slide 3: Divisional Performance
ZA SELECT HARVESTS $7000 EBIT 2006 DIVISIONAL PERFORMANCE EBIT 2005 iW Almond | Division $2,075 26,270 rood Products G12 9,344 | Operating EBIT 44 aor 35,874 Corporate (2,918) (2,540) 33,074
Slide 4: Almond Division
Zz , A ALMOND DIVISION ° SELECT HARVESTS EBIT FY 2005 - $26.270m EBIT FY 2006 $32.075m t 22.1% « Largest annual planting to date increasing area of investor owned orchards by 50% « Established 3 new almond projects, approximately 8,300 acres in 2006 (4,100 acres in 2005) « Increased establishment fe
Slide 5: Almond Division Continued
Z Ln ALMOND DIVISION CONTINUED © SELECT HARVESTS + SHV crop down by 33% on previous year with the lightest crop for several years (1,624 MT Vs 2,419 MT in 2005) - Investor crop (4,606 MT Vs 3,721 MT in 2005) -Total crop (6,230 MT Vs 6,140 MT in 2005) + The global almond outlook remains positive + Al
Slide 6: Food Products Division
ZB Ez ea FOOD PRODUCTS DIVISION SELECT HARVESTS EBIT FY 2005 - $9.341m EBIT FY 2006 - $9.212m J 1.4% * Sales up for the year by 16% to $152 million as we continue to develop our sales base « Some impact of higher nut prices « Increased sales and market share in branded products « Increased consumpti
Slide 7: Food Products Division Continued
ZA SELECT HARVESTS FOOD PRODUCTS DIVISION CONTINUED « Anumber of costs increased during the year; particularly in fuel related activities e.g. freight * Continue to focus on growing branded product business and widening our sales distribution « Division was consolidated under a national management t
Slide 8: Business Mix
Zz A BUSINESS MIX SELECT HARVESTS SELECT HARVESTS IN 2005 SELECT HARVESTS IN 2006 EBIT $33.1 Million EBIT $38.4 Million @ Almond G@ Almond Operations} Operations Food Products Food Products 78% Sales $173.9 Million $ 217.9 Million Total Assets $137.5 Million $151.9 Million Market Capitalisation $379
Slide 9: Our Business Today
2 AA Almond Sales | our BUSINESS TODAY © SELECT HARVESTS $50.1m : 5,500 mt 40% [Bomeok] 60% On) Farm Management Orchard Establishment Supply to Supply to Supply to Supermarkets Manufacturers Other Distributors
Slide 10: Balance Sheet
2006 $000 BALANCE SHEET 2005 $7000 Current Assets 49,898 54,244 Cash On Hand 22,557 4,588 Non Current Assets 79,421 78,676 Total Assets 151,876 137,508 Current Liabilities 38,952 38,222 Borrowings 1,303 911 Non Current Liabilities 10,140 10,280 Total Liabilities 50,395 49,449 TOTAL EQUITY 101,461 66
Slide 11: Earnings Per Share and Dividend Per Share
> & © fe % = v2] & 2 x < fe SELECT HARVESTS Earnings Per Share Dividend Per Share
Slide 12: Select Harvests Share Price Movement
z SELECT HARVESTS SHARE PRICE MOVEMENT $16.00 $15.00 $14.00 $13.00 $12.00 $11.00 $10.00 $9 00 SLL EEE ENE TT, — $8.00) : ay pa $7.00 | . ac $9.70 $6.00 + : : ; . i Wo : 30 June 05 $5.00 $4 53 $3.12. $6.67 $4.00 5 : 30 June.02. > 30 June.04 $3.00 - 30 June 01 ) oath $4.80 30 June 03 Share Price
Slide 13: USA Almond Crop
Zz seuss USA ALMOND CROP USA Almond Crop Production Estimate 1200 1000 800 600 Million Ibs 4007 1994 1996 1998 2000 2002 2004 2006(E)
Slide 14: USA Almond Crop Annual Shipments
SELECT HARVESTS USA ALMOND CROP ANNUAL SHIPMENTS ©, (Million Ibs) USA Almond Crop Annual Shipments 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
Slide 15: Price History
90-12 W go-des go-1e W po-das Poe W ¢o-das coe W 20-deg ZOE WN Lo-des Lo-ue W o0-des 00-78 W 66-das 66-18 N 86-435 see WN ie-dag 16-18 W 96-485 9612 W g6-das S618 W p6-das pee ¢6-dag 6-12 W IND PRICE HISTORY Exchange Rate AUDUSD $1.00 $0.80 $0.60 $0.40 $0.20 $0.00 g0-deg 90-22IN go-das SO-ei bo-des
Slide 16: World Almond Consumption
2 seit crs WORLD ALMOND CONSUMPTION (million Ibs) 1995 1996 | 1997 | 1998/1999 2000 |2001 2002 2003 |2004 2005 | 2006 mem World Supply 714 | 758 | 1021) 779 | 1123) 1093 | 1150) 1387) 1314] 1258) 1188] 1304 = Consumption 621 | 710 | 849] 687 | 918 | 966 | 1069) 1217 1165] 1143] 1075) 1200 eum Carry
Slide 17: Future Outlook
Zz A FUTURE OUTLOOK SELECT HARVESTS + Increasing nut consumption in both domestic and international markets * Strong fundamentals of international almond market remain intact + Almond investments continue to receive strong investor interest + Planning 11,000 acres of new almond projects in 2007. Inv
Slide 18: Future Outlook Continued
2 Ln FUTURE OUTLOOK CONTINUED “« SELECT HARVESTS * Crop forecast to increase from 6,230 mt in 2006 to 10,000 mt in 2007 * Targeting sales, market, and distribution growth from Food Products Division with a focus on branded products + We continue to look for business expansion opportunities, which wi