Investor Presentaiton
Produce Segment - Category Highlights
Citrus
Berry
1H revenue marginally below (-1%) pcp. Table grape yields
affected by downy mildew which also affected quality. Citrus
season was circa three weeks behind starting, with approx. 600k
less cartons sold in 1H as a result.
2PH Amorette harvest completed in June, with invoicing and
revenue booked in 2H. Early season fruit was well received in
export markets.
Deterioration in outlook for later season 2PH fruit quality
contributed to by CY22 weather impacts. This has included the
Murcott mandarin crop.
Southern region forecast season volumes downgraded and fruit
size affected due to La Nina overhang.
2PH and southern region issues contributing to current
estimated full year EBITDA-S category impact of circa $30m.
Revenue was +12% vs pcp.
Challenging period over Q1 of Tasmanian season with crop
timing and competitive industry wide volumes pushing prices
lower, but overall positive volumes for the 1H.
FNQ season saw favourable yield and pricing.
Blueberry volumes were +26.1% vs pcp, underpinned by
volumes from Tasmania and FNQ, which offset lower volumes
from Tumbarumba (southern NSW).
Raspberry volumes were +37.2% vs pcp, supported by a strong
Tasmanian crop although high industry volumes suppressed
average pricing vs pcp.
+20%
YTD 2PH sales split
1H Arana
exports per
kilogram
return vs pcp
38%
62%
Export
■ Domestic
costa
well grown
1HCY23 Results
Presentation
>50%
of all domestic
blueberry plantings
now in substrate
12
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