Investor Presentaiton
Outlook 2HCY23
Costa
well grown
1HCY23 Results
Presentation
o As noted, a deterioration in late season 2PH fruit quality and southern region volume and fruit size
downgrades are currently estimated to have a circa $30m impact on full year EBITDA-S. The
contributing factors are considered non-structural with the ongoing health and productive capacity
of the trees unaffected.
。 There has been stable weather and positive pricing over the early part of the main (northern NSW)
Berry season, together with an expected solid Arana crop, pointing to strong second half berry
earnings versus pcp.
o Mushroom demand steadily improved consistent with cooler winter months, with demand over
coming period expected to level off. Monarto facility production remains ahead of capacity, while
Mernda facility volumes continue to improve, aided by more stable compost supply.
o The softening in tomato demand is expected to continue through the second half, impacted by
higher industry wide volumes, including from field crops.
o Insourcing of Pacific Seasonal labour continues, which is contributing to ongoing improved security
of labour supply.
Taking into consideration the above, full year CY23 EBITDA-S is expected to be ahead of CY22 result.
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