Investor Presentaiton
Completion and integration of the Acquisition
Overview of
Completion
Integration
>
Acquisition expected to complete in late July 2021, subject to customary closing conditions.
Upfront purchase price includes completion adjustments, including in relation to the 2021 crop, which is
currently being harvested, to transfer the economic benefit to Costa.1
In respect of the 'Conaghans' land development, a put and call option deed has been entered into between
Costa and the vendor and, subject to the vendor completing the agreed planting and development plan, is
expected to result in the sale of this land to Costa in 2023 for c.$31m.
The vendor has committed to support transition activities and to work for Costa on a consultancy basis until the
end of the current season harvest.
Costa expects to offer employment to all existing 2PH employees who form part of the management group at
the farm or pack facility level.
As per Costa's existing marketing relationship with 2PH, Costa has been directly managing the sale of the 2021
to-date crop including both domestic and international sales.
A transitional services agreement and other transitional arrangements will be put in place.
While the Acquisition is structured to provide Costa the economic ownership of the 2021 crop, the pre-
completion profits are taken into account in the final purchase price (after adjustments), not accounting profit.
Costa's CY21 expected financial results will only include performance from Completion.
June/July/August are expected to be largest crop months for 2PH subject to production.
Financial
contribution
1 It has been agreed that Costa will reimburse the vendor for crop costs incurred and Costa is entitled to the crop sales revenue. Disclosed purchase price is current estimate of adjustments
Costa Group Holdings Limited
Driscoll's lady fingers
LOVACADO.
African Blue
Morocco's nest bluebe
Only the Finest Berries™
Aussie avos. From Costa.
MUSH
BOOM!
TO THE
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
Perino Vitor
AUSTRALIA'S BEST
itor
AUSTRALIA'S BEST
RESCUE
Notes
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