Investor Presentaiton

2015 forecast financial results Rural Funds Management Notes and assumptions to FY15 forecast financial results ☐ Grower Fees relate to services provided pursuant to growing contracts with Bartter Enterprises. Grower fees have been forecast based upon current growing contracts which are in place and the standard fee review mechanism specified in the contracts Operating costs include direct operating costs, administration and compliance costs. Expenditure items are specifically budgeted based on business operations and batch cycle. Where items are not budgeted using this method, they assume indexing of 2.5% p.a Rental payments to RFF are set under the lease agreements and assumed to index at 1.96% p.a All expenditure incurred on the facilities is assumed to be repairs and maintenance. Some items of actual expenditure may be classified as capital expenditure under accounting standards, capitalised in the balance sheet and depreciated. Expenditure is budgeted based on a specific program of works Includes depreciation on plant and equipment, calculated on a straight-line basis over the useful life FY15 distributions franking inclusive of 14.35 cents per unit declared. Distributions have been calculated based upon forecast revenue from RFMP's trading activities less forecast expenses and amounts set aside for cash reserves 12

View entire presentation