Investor Presentaiton
1HCY23 Key Highlights
International segment delivered +32.8% revenue growth vs pcp, offsetting a mixed
domestic performance, contributing to a Group EBITDA-S of $150.2m, +7.2% versus
pcp and NPAT-S of $37.8m.
Both China and Morocco contributed to an impressive international performance,
further demonstrating the superiority of Costa's blueberry genetics. International
segment EBITDA-S was +43.5% versus pcp.
As noted at AGM the citrus season was circa three weeks behind starting,
meaning virtually all the citrus harvest earnings will fall in 2HCY23.
Despite early 2PH citrus season fruit being well received in export markets, there
has been a disappointing deterioration in outlook for later season fruit quality
contributed to by CY22 weather impacts. Together with southern region volume
downgrade and La Nina overhang contributing to fruit size being below
expectations, full year EBITDA-S impact is currently estimated at $30m.
• Industry wide table grape harvest was circa 40% lower vs pcp due to CY22
weather, with EBITDA-S impact of $9m in the 1H.
Costa
well grown
1HCY23 Results
Presentation
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