Rural Funds Group · ASX:RFF
Rural Funds — RFM Poultry — HY2019 Earnings Presentation
14 slides from Rural Funds's earnings presentation, February 2019
Slide 1: Financial results presentation
Managed by: Financial results presentation For the half year ended 31 December 2018 February 2019
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 presenters 1. Financial results Stuart Waight Executive Manager 2. Operational update, outlook and forecasts Daniel Yap 3. Appendices Financial Controller James Powell General Manager – Investor Relations & Marketing 3
Slide 4: Financial results
Financial results Broiler chickens, Griffith, New South Wales, September 2014. 1
Slide 5: HY19 results summary
Managed by: HY19 results summary Metrics at 31 December 2018 • Net loss for the period of ($0.165m) after tax. Income Revenue $12,670,412 Net loss after income tax ($164,899) • NAV per unit ended the period $1.05. Earnings per unit (cents) (2.40) Portfolio • Nil interest bearing liabilities. Net ass
Slide 6: HY19 results
Managed by: HY19 results Summarised statement of comprehensive income • Net loss of ($0.165m) resulting from lower than expected revenue and increased expenses. Half Year ended Half Year ended • Revenue to 31 December 2018 compared to 31 December 2018 31 December 2017 the prior corresponding period
Slide 7: HY19 results
Managed by: HY19 results Summarised balance sheet • Lower cash balance as at 31 December As at As at 2018 compared to prior corresponding 31 December 2018 30 June 2018 period mainly due to: $ $ – Plant and equipment ($0.653m). Cash and cash equivalents 3,578,482 5,432,110 Trade and other receivables
Slide 8: Operational update, outlook and forecasts
Operational update, outlook and forecasts Delivery of chicken feed, poultry sheds, Griffith, New South Wales, February 2019. 2
Slide 9: Operational update
Managed by: Operational update Efficiency Rating System (ERS) • The ERS measures the performance of poultry farms in the region and applies a premium or discount to the grower fee based on relative performance of the ‘pool’ in the Riverina region. RFP’s 11 older farms in the Riverina incurred discou
Slide 10: Outlook and forecasts
Managed by: Outlook and forecasts FY19 distributions (inc. franking) • The forecast FY19 loss is: Record date cpu – ($0.440m) before tax. 28 September 2018 3.71 – ($0.320m) after tax. 28 December 2018 3.59 • As disclosed 6 February 2019 the two remaining FY19 29 March 2019 (forecast) 1.79 distributi
Slide 11: Appendices
Appendices RFM National Manager - Poultry, Adriaan Shields and contractor Jonathan Stone, Griffith 2016. 3
Slide 12: 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 a
Slide 13: Rural Funds Management
Managed by: Rural Funds Management Key information Board and management team contacts and tenure Established 1997 Assets under Total $1.2 billion management Ownership Directors & staff David Bryant Guy Paynter Michael Carroll Julian Widdup Non-Executive Managing Non-Executive Non-Executive Farm & op
Slide 14: Managing good assets with good people
Rural Funds Management Ltd 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 Website: ruralfunds.com.au Managing good assets with good people For further information: For media enquiries: Investor relations enquir