Investor Presentaiton
Transaction overview and summary
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Costa Group Holdings Limited ("Costa") has entered into binding conditional agreements with Pressler entities to
acquire the assets¹ of 2PH Farms Pty Ltd ("2PH"), a Central Queensland based citrus grower for an upfront
consideration of approximately $200 million² in cash.
Costa will pay an additional $31 million³ in July 2023 for the purchase of the 'Conaghans' property, where a new
citrus crop is currently being planted by 2PH, subject to certain conditions.
2PH is a leading grower and breeder of seedless and seeded mandarins and is expected to generate circa $29
million in EBITDA-S in CY21 supported by young citrus orchards still in growth phase.
AC41114PBR (Amorette TM) and 66-75PBR (Phoenix TM) seedless mandarin varieties from the 2PH breeding program to
be exclusively licensed to Costa in Australia and key international territories in perpetuity.
。 Transaction includes all land, trees, plant and equipment, long term water security and economic benefits of CY21
citrus season 4.
African Blue
Morocco's Best Bluebe
Only the Finest Berries"
LOVACADO.
Aussie avos. From Costa.
MUSH
BOOM!
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
TO THE
RESCUE
Perino Vitor
AUSTRALIA'S BEST
itor
AUSTRALIA'S BEST
8
Notes:
1 Transaction also includes other associated entities of the 2PH business
2 Upfront consideration excludes stamp duty and transaction costs of $19 million
3 Occurs after the transaction completion date
4 Final upfront consideration will be subject to true-ups at Completion for actual CY21 season harvest costs and crop proceeds
PBR Plant Breeder Rights
Costa Group Holdings Limited
Driscoll's Klady fingersView entire presentation