Investor Presentaiton
1HCY23 Key Highlights
Monarto mushroom facility continues to consistently exceed production capacity,
averaging 259 tonnes per week over the 1H, +3.3% increase vs pcp. Mernda facility
yields were lower vs forecast mainly due to weather impact on compost,
contributing to flat category revenue growth vs pcp.
• Berry performance was affected by higher industry wide volumes in Q1 during
Tasmanian season. Return per kilogram on premium Arana blueberry exports was
+20% vs pcp.
• Tomato sales volume was positive to forecast, with a greater snacking sales share
vs pcp, however lower than expected summer months pricing and demand meant
overall aggregate pricing was subdued for the 1H, resulting in lower revenue and
earnings vs pcp.
Avocado saw a recovery from prior year, with pricing at improved levels vs pcp for
most of the 1H. Successful completion of first trial shipment of east coast product
to India.
Costa
well grown
1HCY23 Results
Presentation
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