Select Harvests Limited · ASX:SHV
Select Harvests — INC 3D Online Conference May 2021 – Almond Working Group
19 slides from Select Harvests's conference presentation, May 25, 2021
Slide 1: Almond Working Group
Almond Working Group SN nc: 30 ONLINE ( CONFERENCE o | Ma ay 25 2 2021, Va international Nut&DriedFrutt
Slide 2: Panel
Panel ▪ Chair: Brian Ezell, Vice President, Wonderful Pistachios & Almonds, USA ▪ Panel: • Laura Gerhard, Director of Strategic Planning and Marketing, Blue Diamond Growers, USA • Craig Duerr, Vice President, Global Sales & Marketing, Campos Brothers Farms, USA • Paul Thompson, Managing Director, Se
Slide 3: Program
Program Antitrust Statement: The fundamental purpose of ▪ 1. Presentation of Panel this session is for the participants to discuss different aspects of the nut and dried fruit industry. It is the ▪ 2. Presentation of INC Official Statistics Table policy and practice of the INC Foundation to conduct
Slide 4: INC Official Statistics: Almonds CY'20 & CY'21
INC Official Statistics: Almonds CY’20 & CY’21 INC 3D Online Conference - May 2021 Updated Figures as of 5/21/21 ESTIMATED WORLD ALMOND PRODUCTION Kernel Basis · Metric Tons 2020/2021 2021/2022 BEG. TOTAL ENDING BEG. TOTAL ENDING COUNTRY CROP CROP STOCK SUPPLY STOCK STOCK SUPPLY STOCK USA*^ (MM lbs)
Slide 5: California Almond Industry – Key Supply & Demand Figures
California Almond Industry – Key Supply & Demand Figures CY 2020 Final Crop outlook = 1.41MM MT/(3.1Bn Lbs.) on 502,834 bearing hectares/ (1.242MM bearing acres ). CY 2020 YTD Demand Performance vs. CY 2019 Through April 2021 - Shipment Demand up +19.65% (+165,971 MT/365.8MM Lbs.) Total Committed &
Slide 6: Australian Almond Industry – Key Supply & Demand Figures
Australian Almond Industry – Key Supply & Demand Figures CY 2020 Final Crop outlook = 111,100 MT/(245M Lbs.) on 37,902 bearing hectares/(93.6K bearing acres). CY 2020 Demand Performance Shipment Demand = 109,100 MT up +3.0% or +3,036 MT/(6.7M Lbs.) vs. CY’19. 76,710 MT was Exported in CY’20 up only
Slide 7: Spanish Almond Industry – Key Supply & Demand Figures
Spanish Almond Industry – Key Supply & Demand Figures CY 2020 Final Crop outlook = 115,633 MT/(255M Lbs.) on 586,990 bearing hectares/ (1.42MM bearing acres). CY 2020 Demand Performance Shipment Demand = 96,633 MT up +16% or +15,933 MT/(35.1MM Lbs.) vs. CY’19. 54,832 MT was Exported in CY’20 up +10%
Slide 8: Almond Market Demand Spotlight – California Shipments to India
Almond Market Demand Spotlight California Total Almond Shipments to India CY2015 - April 2021 160,000 140,000 India Shipments in MT 120,000 100,000 80,000 60,000 40,000 20,000 - CY'15 CY'16 CY'17 CY'18 CY'19 CY'20 YTD Crop Year California Shipments - Kernel Wt. Equiv in MT YTD Thru April '21 Califor
Slide 9: Almond Market Demand Spotlight – India
Almond Market Demand Spotlight – India • Almond Demand Growth Despite Covid! • Government labels Almonds Immunity Booster/Encourages consumption. • Lower CY’20 prices make Almonds more affordable to all. • Uniform GST for Almonds levels the playing field and opens new distribution • Increase in On-l
Slide 10: Almond Market Supply Growth Spotlight – Spain & Portugal
Almond Market Supply Growth Spotlight – Spain & Portugal Spanish Crop Demand Outlook - in MT Spanish Crop Production - 2021/22 Estimate 2020/ 2021/ Growth CY21/22 % of Total Tones/ 2021 2022 In MT In % In MT's Hectares Tones of Alm Hectares Production Hectare Export Demand 54,832 60,315 5,483 10% Dr
Slide 11: CY'20 General Demand Factors – All Markets
CY’20 General Demand Factors – All Markets • Lower almond market prices did spark very strong demand growth as predicted over the past year (+20% vs. CY’19 for U.S.). But higher prices are expected moving forward due to: • Smaller U.S. Almond Crop in 2021 Crop (a crop below 3.0Bn is expected by Indu
Slide 12: CY'20 General Demand Factors – All Markets… continued
CY’20 General Demand Factors – All Markets… continued • The demand for “Plant-Forward” food & vegan diets in all markets should continue to add even stronger demand growth. • Covid 19 Impacts seen over the past year should subside as vaccines continue to be rolled out across all markets. The Impacts
Slide 13: Almond Industry – Challenges for 2021 & Beyond
Almond Industry – Challenges for 2021 & Beyond • Although the impacts of the Covid 19 pandemic are improving, there are fundamental longer-term impacts that will take time to resolve or require permanent change. These include: • Shipping Container and Vessel availability & Skyrocketing Expense (Dome
Slide 14: Almond Industry – Challenges for 2021 & Beyond…continued
Almond Industry – Challenges for 2021 & Beyond…continued • Very low almond prices & grower returns over the past year are impacting growers in all growing regions of the world and are not sustainable. This will greatly impact future growth of acreage and supply without correction in the coming year.
Slide 15: The California Drought is Bad!
The California Drought is Bad! California Rainfall Indexes North Central South All Regions 8-Station 5-Station 6-Station Combined If No Additional 2020/21 YTD (Oct 1st 2020 - May 17th, 2021) Rain in May YTD Index Inches 22.9 18.2 9.6 50.7 50.7 Season Normal for this Date 49.2 38.3 27.0 114.5 115.3 a
Slide 16: California Reservoirs holding -5.6 million less Acre/Ft vs. LY!
California Reserviors holding -5.6 million less Acre/Ft vs. LY! Major California Water Storage Reservoir's Levels as of May 16th, 2021 Total % of Capacity as of May 16th Storage level in Millions of acre feet as of May 16th Reservoir Capacity 2013 2014 2015 2016 2017 2018 2019 2020 2021 2013 2014 20
Slide 17: Affordable and Available Water Supply is even worse!
Affordable and Available Water Supply is even worse! 17
Slide 18: Q&A Session
INC Almond Webinar Wrap-up Q&A Session 18
Slide 19: Thank You all for Your Participation!
INC Almond Webinar Wrap-up Thank You all for Your Participation! 19
Select Harvests — INC 3D Online Conference May 2021 – Almond Working Group on 6ix