1HCY21 Results Presentation
>
Produce - Citrus Category
2PH acquisition - Central Queensland cont'd
2.PH.
O Tree maturity -50% of plantings under 5 years old, 63% of plantings yet to reach maturity (8 years).
Consideration - total final capital cost $220m1. Partially funded by successful capital raise of $190m completed end July. Initial
cost was above that which was previously announced due to timing on working capital at settlement and to earlier completion than
expected.
CY21 - sale agreement includes economic and cashflow benefit of CY21 season to Costa although majority of earnings accounted
for as balance sheet rather than CY21 P&L. Proforma CY21 EBITDA-S contribution would have been $29m if 2PH asset had been
owned for full year CY21.
Season update - forecast volume is circa 30,000 tonnes. Season largely performing as expected. Main Murcott season
progressing as planned, export pricing in line with expectations and no disruptions in access to the Chinese market to date.
US market access - As of August '21, the United States has given market access to the export of citrus grown in Central
Queensland, further opening up potential markets for our 2PH volumes.
Presentation
1HCY21 Results
African Blue
Driscoll's Kalady fingers
LOVACADO.
Aussie avos. From Costa.
Moraccols finest blueberries
Only the Finest Berries
MUSH
BOOM!
TO THE
RESCUE
Notes:
1.Excludes transaction costs
Perino 2.PH. Vitor
itor
AUSTRALIA'S BEST
AUSTRALIA'S BEST
27
27View entire presentation