Select Harvests Limited · ASX:SHV
Select Harvests — PAC Partners & Westpac 19th Australasian AgFood Conference 2021
20 slides from Select Harvests's conference presentation, Jul 28, 2021
Slide 1: Select Harvests Limited (ASX:SHV)
Click to edit Master title style Select Harvests Limited (ASX:SHV) PAC Partners & Westpac 19th Australasian AgFood Conference 28 July 2021 Paul Thompson Managing Director & CEO Click to edit Master text styles Piangil Almond Orchard 1
Slide 2: Disclaimer
Disclaimer Click to edit&Master Basis title of Preparation style This presentation is provided for information purposes only and has been prepared using information provided by the company. The information contained in this presentation is not intended to be relied upon as advice to investors and do
Slide 3: Select Harvests Overview
Select Harvests Overview One of the worlds largest almond growers, with a geographically diverse 9,262-hectare orchard portfolio Click to edit Master title style Listed on the ASX (SHV), with a market capitalisation of A$ 926m (26 July 2021) and 530 employees. Company Australia’s second largest
Slide 4: Select Harvests Strategy
Select Harvests Strategy Click to edit Master title style Select Harvests – in control of our destiny Click to edit Master text styles 4 44
Slide 5: Triple Bottom Line Focus
Triple Bottom Line Focus Click to edit Master title style Sustainability is embedded in everything we do People Ethics & Integrity, OHS & Wellbeing, Inclusion & Diversity, Human Health & Nutrition, Food Safety, Sourcing Sustainability Profit Planet Positive absolute shareholder returns, 20% or highe
Slide 6: Operating Performance
Operating Performance Click for to 2021edit Master title style Continue to maintain better than industry standard yields, with a record almond crop estimated 2021 Almond Crop Forecast Current Market Price Currency 28,250 MT $A 6.75 – 7.25/kg $0.73 AUD/USD Continue to maintain better than industry 65
Slide 7: Recent Performance in Context
Recent Performance in Context Click to edit Master title style The company remains focused on factors within its control such as almond volume, quality and production costs Almond Volume Almond Price Total Almond Production Cost NPAT Click to edit Master text styles 5 Yr Average 7 77
Slide 8: 2021/22 Focus Areas
2021/22 Focus Areas Click to edit Master title style Planet Water Efficiency Sustainability Co-Waste Commercialisation 100% of our orchards use drip Develop sustainability targets to build Seeking a license to sell surplus irrigation tree and soil monitoring on 2020 Sustainability Report compost to
Slide 9: Almond Market
Almond Market Significant growth in global demand across all markets Click to edit Master title style Almond shipments are occurring at an unprecedented pace, with historic monthly U.S. shipment records being set in 10 out of the 11 months of the season to date (August 2020 to June 2021) − Combine
Slide 10: Thank You
Click to edit Master title style Thank You Please direct any queries to: Paul Thompson Brad Crump Andrew Angus Managing Director CFO and Company Secretary Investor Relations +61 3 9474 3544 +61 3 9474 3544 +61 402 823 757 Please note that background material/data regarding the global almond industry
Slide 11: Appendix
Click to edit Master title style Appendix Click to edit Master text styles 11 11
Slide 12: Orchard Portfolio
Orchard Portfolio Click to edit Master title style One of the worlds largest almond growers, with a geographically diverse 9,262 hectare orchard portfolio Select Harvests Orchard Map1 Benefits of Geographic Diversity & Scale ■ Geographic diversity limits exposure to: − Weather − Disease spread − Ins
Slide 13: Orchard Profile
Orchard Profile Click to edit Master title style 2.6x growth in planted hectares since 2012 1 Select Harvests Orchard Profile Select Harvests Planted Almond Hectares1 Select Harvests Total Planted Almond orchard portfolio (as at 30 September 2020) hectares acres Central Region Company Owned 1,693 4,
Slide 14: Orchard Age
Orchard Age Click to years, editwith Master title style Following the Piangil Almond Orchard acquisition, Select Harvests weighted average orchard age is 13.6 98% of current planted hectares cash generative Age Profile of Select Harvests Almond Orchards1 (98% of current planted hectares are cash gen
Slide 15: Volume Growth
Volume Growth Click to edit Master title style Our investment in greenfield developments and orchard acquisitions will platform long term growth Select Harvests Theoretical Harvest Volume (2021 – 2028)1 Click to edit Master text styles 1 The almond crop is biennial in nature with expected +/- 10% pe
Slide 16: Almond Shipment Update
Almond Shipment Update Click to edit Master title style U.S. and Australian almond shipments have responded strongly to lower almond prices 2020/21 Crop YTD (Million Lbs.) Aug 2019/20 Crop YTD (Million Lbs.) Aug 2019 U.S Shipments: 2020 to June 2021 to June 2020 % Change Carry-in from 2019 crop 450
Slide 17: California Drought Monitor
California Drought Monitor 33% inClick to Drought edit Master title style 95% of California is currently in a Severe Drought, with 86% of the state in Extreme Drought and Exceptional U.S. Drought Monitor California (July 20, 2021) Points to Note July 20, 2021 86% of California is currently experie
Slide 18: Global Almond Product Introductions
Global Almond Product Introductions This isClick resultingto edit Master title style Almonds remain the leading nut type for introductions into new consumer food products globally. in increasing demand for value-added manufactured almonds. Global New Nut Introductions by Type (2013 to 2020) Click to
Slide 19: Australian Almond Product Introductions
Australian Almond Product Introductions Click into2020edit Master title style Australian almond introductions increased by 20% CAGR between 2010 and 2020, reaching 386 new products Australian New Almond Introductions (2010 to 2020) Click to edit Master text styles Source: Innova Market Insights, May
Slide 20: Useful Almond Industry Websites
Useful Almond Industry Websites Click to edit Master title style Industry Associations Californian Almond Board www.almondboard.com Almond Board of Australia www.australianalmonds.com.au Industry Reports US Crop Forecasts (Subjective, Objective) https://www.almonds.com/tools-and-resources/crop
Select Harvests — PAC Partners & Westpac 19th Australasian AgFood Conference 2021 on 6ix