Ricegrowers Ltd. Class B · ASX:SGLLV
Ricegrowers Ltd. Class B — Investor Presentation (February 2012)
7 slides from Ricegrowers Ltd. Class B's investor presentation, February 2012
Slide 1: SunRice Update
SunRice Update February 2012
Slide 2: Global Rice Markets: Processed Medium and Long Grain Prices US$/t
Global Rice Markets: Processed Medium and Long Grain Prices US$/t $1,400 $1,200 $1,000 $800 Medium Grain US FOB Sacramento $600 $400 Long Grain Thai 100% B FOB Bangkok $200 Jul 07 Jul 10 Jul 11 Jul 05 Jul 06 Jul 08 Jul 09 Nov 07 Nov 11 Nov 04 Nov 05 Nov 06 Nov 08 Nov 09 Nov 10 Sep 04 Sep 05 Sep 06 S
Slide 3: Foreign Currency US$: A$
Foreign Currency US$: A$ • A$ continues to trade around parity and higher • RL has approximately 93% of C11 covered. • Cover for C12 is at approximately 24% • Every one cent increase in the A$ can reduce paddy prices by $3.13 per tonne for an 800,000 tonne crop.
Slide 4: SunRice Debt
SunRice Debt • At October 2010 total debt was $303m (Ebro and Scheme Booklet) • Debt at April 2011 was $272m and at October 2011 was $191m • SunRice’s debt fluctuates due to the seasonal nature of our business as a result of paddy receipts, crop payments, tender market participation etc • We continu
Slide 5: Outlook for C12: Issues
Outlook for C12: Issues • The high A$ continues to adversely impact A$ revenues • This is being compounded by softening world MG and LG rice prices • Electricity costs for C12 are estimated to be higher than C11 • The effect of the carbon tax and renewable energy charges are adding costs to the busi
Slide 6: Outlook for C12: Opportunities
Outlook for C12: Opportunities • Strong crop outlook, despite varying temperatures and large numbers of ducks • Market shares in our consumer businesses remain firm • New products are performing to plan • SunRice welcomes new CEO, Rob Gordon
Slide 7: Questions
Questions
SunRice (Ricegrowers Limited) — Investor Presentation (February 2012) on 6ix