Rural Funds Group · ASX:RFF
Rural Funds — Rural Funds Management — Investor Presentation (October 2017)
13 slides from Rural Funds's investor presentation, October 2017
Slide 1: 2007 Macgrove Project Annual Grower and Adviser update
Managed by: 2007 Macgrove Project Annual Grower and Adviser update October 2017 1
Slide 2: Disclaimer
Managed by: Disclaimer Rural Funds Management Ltd (RFM) AFSL 226701 has prepared this presentation based on information available to it. Although all reasonable care has been taken to ensure that the facts stated and opinions given in this presentation are fair and accurate, the information provided
Slide 3: Agenda
Managed by: Agenda RFM presenters 1. FY17 distribution, Andrea Lemmon performance incentive Executive Manager, Funds Management fee and cash flow matrix 2. Industry, harvest and Scott Norval orchard update National Manager, Macadamias 3. Conclusion and questions James Powell Investor Relations & Dis
Slide 4: FY17 distribution, performance fee and cash flow matrix
1 FY17 distribution, Managed by: performance fee and cash flow matrix Macadamias in the final stage, Swan Ridge Orchard, Bundaberg, Queensland.
Slide 5: Cash flow and harvest timeline
Managed by: Cash flow and harvest timeline Distributions are based on harvest proceeds received during a financial year. Therefore each harvest will overlap two financial years Calendar year or harvest year Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Harvest: February to September Harvest proce
Slide 6: FY17 distribution
Managed by: FY17 distribution Growers will receive a net return of $1,081 per Macgrove Per Macgrove • Each Macgrove will receive a net benefit Income of $1,081 (26% higher than FY16) and no Harvest proceeds - 2016 crop $5,338 invoice Harvest proceeds - 2017 crop $2,069 • The return for FY17 is compr
Slide 7: Performance incentive fee
Managed by: Performance incentive fee RFM is entitled to a performance incentive fee of $176,463 for FY17. This compares to a $nil performance incentive fee under the structure proposed by RFM at the February 2016 Grower meeting Performance incentive fee (PIF) comparison FY17 • Under the existing pe
Slide 8: Cash flow matrix
Managed by: Cash flow matrix The below matrices set out financial returns under a range of yield and price scenarios Maturing orchard ($/Macgrove) Mature orchard ($/Macgrove) Yield - t/ha NIS Yield - t/ha NIS Low Medium High Low Medium High 2.5 3 3.5 4 4.5 5 Price - $ kg/NIS High $5.50 $3,206 $4,291
Slide 9: Industry, harvest and orchard update
Managed by: 2 Industry, harvest and orchard update Moore Park Orchard, Bundaberg, Queensland.
Slide 10: Industry update
Managed by: Industry update World production forecasts1 • Global production forecasts primarily attributable to Australia, Africa and China • African supply has been lower due to drought • It is yet to be seen if Chinese plantings will produce at predicted levels • Australian macadamia price: - $5.3
Slide 11: Harvest overview
Managed by: Harvest overview Sorting Room • 2017 harvest completed in August 2017: - harvested 594.89 tonnes nut-in-shell (NIS) at 10% moisture - achieved 2.54 tonne/ha NIS - average 33.89% sound kernel recovery - season price increased to $5.35/kg (33% SKR) compared to $5.20/kg (33% SKR ) last seas
Slide 12: Key Projects
Managed by: Key Projects • De-husking infrastructure upgrade: Admac De-huskers & Colour Sorter - old system throughput 2 tonne per hour of NIS maximum - new Admac de-huskers and infrastructure: o up to 6 tonne per hour o virtually no husk left on product o colour sorter used to remove defects (previ
Slide 13: Corporate information
Managed by: Corporate information Rural Funds Management Ltd ACN 077 492 838 AFSL 226701 Canberra Office Level 2, 2 King Street Deakin ACT 2600 Telephone: +61 2 6203 9700 Facsimile: +61 2 6281 5077 Website: ruralfunds.com.au For further information: For media enquiries: Investor relations enquiries:
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