Investor Presentaiton slide image

Investor Presentaiton

Produce Segment - CY21 Trees and Vines Citrus O Early and mid season citrus performance was positive, however the later season proved more challenging, with a cooler growing season for these varieties resulting in heavy fruit set, smaller fruit size and quality issues. 2PH (QLD) season was in line with expectations, including successful transition with export customers and demand for premium fruit. (Refer next slide for more detailed update). 2H saw COVID-19 related supply challenges, including shipping delays and reduced vessel and container availability. Combined with quality issues this saw export pricing below expectations. Domestic pricing was also impacted. Riverland fruit fly restrictions have been extended to 06 May '22. The extensions cover all Costa farms except Solora (SA) and Impi (Vic). As previously reported new year '21 hailstorm at Colignan (Sunraysia) farm significantly impacted grape performance. Mundubbera (QLD) table grape season was completed ahead of schedule, volumes were positive to forecast and pricing was favourable. CY21 Results Presentation Driscoll's Klady fingers African Blue Monoon's nest hiebesies Only the Finest Berries О Avocado • • As previously foreshadowed, low pricing continued across the 2H, with higher industry volumes from Western Australia (circa 5.7m trays higher than pcp), resulting in low retail pricing. CY22 industry volumes forecast to be lower versus CY21. CY21 key data- 1.7m trays of Lovocado brand marketed 114,000 trays exported 4.1m total marketed trays (includes volume from all Costa farms growing avocados) Key export markets include Singapore, Hong Kong, Malaysia and Indonesia. Product exported from WA to Japan over 2H. Quality maintained and pricing more favourable than domestic. Positive demand signals for further product in CY22. Research on fruit fly protocol for export of east coast grown avocados to Japan completed. Federal government to negotiate access. LOVACADO. Aussie avos. From Costa. MUSH BOOM! TO THE RESCUE Perino 2.PH. Vitor itor 28 AUSTRALIA'S BEST AUSTRALIA'S BEST
View entire presentation