1HCY21 Results Presentation

Produce Segment Mushroom Short term labour constraints at Monarto (SA) contributed to inconsistent volumes from this site over the half. Demand conditions were strong overall, particularly going into cooler/winter months reflected in favourable retail and wholesale pricing. However, due to inconsistent production volumes the full benefit from this was not able to be realised Retail sales mix over the period at circa 80%+ was in line with budget, with pre pack continuing to drive this segment. Pre pack product made up 56% of total sales, reflecting still strong consumer preference over loose during COVID-19. Sourcing and retention of labour continues to be a key priority. Monarto harvest worker numbers have increased over recent weeks and this has contributed to higher harvested volumes. Driscoll's Kalady fingers 1HCY21 Results African Blue Morocco's finest blueberries Only the Finest Berries" Presentation Berry О Corindi raspberry crop returned to normal after prior period drought impact. Generally favourable pricing across the four main berry varieties over the half and ultimately in line with expectations. Blueberry pricing was ultimately impacted by some quality issues. Stronger finish than usual to Tasmanian season, however overall volumes were down due to climatic conditions versus prior period and shortage of labour during peak harvest periods. Early Far North Queensland Arana variety volumes attracted a +23% price premium on average compared to other FNQ blueberry product. However overall yield was lower than forecast (circa 155 tonnes vs 237 tonnes), including impact from pest pressures. Western Australian crop was impacted by weather, resulting in a 64 tonne shortfall against forecast. Relatively slow start to main Corindi (NSW) season due to poor weather, with majority of crop to be completed over second half. LOVACADO. Aussie avos. From Costa. MUSH BOOM! TO THE RESCUE Perino 2.PH. Vitor itor > 13 AUSTRALIA'S BEST AUSTRALIA'S BEST

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