Investor Presentaiton
Produce
Pro Forma segment financial and operating metrics
Pro forma
A$m
FY14
Pro forma
FY15
Var
Prospectus
FY15
■
Revenue
482.9
531.7 48.8
515.1
EBITDA before SGARA
50.8
55.6
4.8
55.1
EBITDA-S margin
10.5%
10.5%
10.7%
Transacted sales
635.5
695.9
60.4
681.7
Operating EBITDA
50.8
55.8
5.0
55.1
5.8%
Revenue: + 10.1%
24.1%
10.4%
6.3%
Mushroom
Berry
Tomato
Citrus
costa
fresh is our passion
Revenue growth of $48.8m or 10.1% on FY2014:
Mushroom: moderate production volume growth and stronger
wholesale market prices;
Berries: farming expansion. Overall sales growth volumes across all berry
categories +27.8%;
Tomatoes: sweet snacking and cocktail tomato volume growth of 41.5%
with new varieties launched in advance of the new glasshouse being
completed;
Citrus: strong start to the new season with higher marketing revenue and
better than expected initial contribution from the new Amaroo citrus
farm.
EBITDA before SGARA growth of $4.8m or 9.4% on FY2014:
-
Mushroom category improvement - revenue and operational
efficiencies;
-
Reduced leasing expenses at Guyra;
New farm establishment costs incurred in FY2015 - Berry farms, new
tomato glasshouse, Amaroo citrus farm;
Final result impacted by a Driscoll's grower placed in administration post
balance date.
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