Rural Funds Group · ASX:RFF
Rural Funds — RFM Poultry — FY2018 Earnings Presentation
14 slides from Rural Funds's earnings presentation, Sep 5, 2018
Slide 1: Financial results presentation
Managed by: Financial results presentation Financial year ended 30 June 2018 5 September 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 presenters 1. Financial results Stuart Waight Executive 2. Operational update and outlook Daniel Yap Financial Controller 3. Appendices – Trading RFP units James Powell General Manager – Investor Relations & Marketing 3
Slide 4: Financial results
Financial results Broiler chickens, Griffith, New South Wales, December 2016 1
Slide 5: FY18 results summary
Managed by: FY18 results summary Metrics as at 30 June 2018 Income • Profit for the period of $0.62m after tax is Revenue 24,772,117 within the forecast range. Net profit after income tax 618,536 • NAV per unit ended the period $1.12. Earnings cents per unit (cpu) 8.98 Portfolio • Nil interest beari
Slide 6: FY18 results
Managed by: FY18 results Summarised Statement of Comprehensive Income • Revenue: Year ended Year ended 30 June 2018 30 June 2017 – increased mainly as a result of adjustments to the grower fee (to Revenue 24,772,117 24,188,653 recognise higher FY17 energy costs 119,629 108,402 compared to FY16) and
Slide 7: FY18 results
Managed by: FY18 results Summarised Balance Sheet • Net assets of $7.7m and $1.12 per unit as As at As at at 30 June 2018. 30 June 2018 30 June 2017 • $2.5m of cash held in term deposits. Cash and cash equivalents 5,432,110 6,230,162 • Nil interest bearing liabilities. Trade and other receivables 1,
Slide 8: Operational update and outlook
Operational update and outlook Newly installed solar panels which are expected to generate 508,000 kilowatt hours of electricity per annum across the four Victorian farms, Lethbridge, Victoria, January 2018 2
Slide 9: Operational update
Managed by: Operational update Efficiency Ratings 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. RFP incurred discounts to the grower fee during FY18 (see disclosure 28 February 2018).
Slide 10: Outlook
Managed by: Outlook Forecast FY19 distributions (inc. franking) • The forecast profit before tax for FY19 is Record date cpu consistent with the FY18 result. The forecast 28 September 2018 3.71 profit after tax is slightly different due to the change in the corporate tax rate. Forecast FY19 28 Decem
Slide 11: Appendices
Appendices Fixed sanitation system which reduces organic matter levels in water, installed in May 2018, Griffith, NSW , June 2018. 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 Total $848m Assets under Rural Funds Group: $793m management RFM Poultry: $9m Almond Funds 06-08: $35m Guy Paynter David Bryant Michael Carroll Julian Widdup Non-Executive Managing Non-E
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