Investor Presentaiton

Horticulture ◉ ◉ The gross value of horticulture production is projected to increase to $10.9bn in 2018-19, underpinned by favourable domestic demand and export opportunities. The challenge for Australia tree nut production is maintaining international competitiveness. Increased global supply is expected to result in falling prices for Australian trees nuts, and the cost of water for irrigation is expected to raise prices. The gross value of Australian vegetable production is projected to increase mostly due to increases in the quantity of carrots, capsicums and tomatoes produced in Queensland and a favourable spring harvest along the east coast. Australian vegetable exports are expected to grow as a result of increased access to Asian markets, greater demand from Gulf countries and an expected favourable Australian dollar. Gross Value of Horticulture Production $ billion, 2017-18 12 10 8 6 4 +5% 2 0 2014 2015 2016 2017 2018f 2019f Other Grapes Vegetables Fruit & Nuts Exports Source: ABARES Agricultural Commodities Outlook, March 2018 Australia Horticulture Exports By value, 2017-18 15% 11% 34% 40% Fruits Tree nuts Vegetables Other Elders 40

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