FY16 Results Presentation

FY2016 Pro Forma Results vs Prospectus Prospectus A$m Pro forma FY16 Actual Pro forma FY16 Key Highlights Actual vs Prospectus Revenue 738.0 809.0 71.0 EBITDA before SGARA 90.4 91.1 0.7 EBIT 70.9 71.9 1.0 NPAT (Pro forma) 47.6 49.3 1.7 EBITDA-S margin 12.2% 11.3% (0.9)% Transacted sales 978.8 1,042.5 63.7 Revenue and Transacted Sales have exceeded the Prospectus forecast by 9.6% and 6.5% respectively, with stronger citrus and mushroom sales outweighing the sales impact from lower tomato and banana pricing EBITDA before SGARA above forecast by $0.7m. Favourable performance throughout the portfolio has offset lower tomato and banana contribution ☐ EBITDA before SGARA margin 0.9% lower than forecast, primarily due to impact from tomato and banana pricing NPAT above forecast by $1.7m, including $1.2m net expense from the early adoption of the change in accounting standard for bearer plants Note: Refer to the Appendix for a reconciliation between Pro forma and statutory results, restatement of FY2015 amounts due to the change in accounting for bearer plants, and the definition of Transacted Sales costa fresh is our passion 12

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