Select Harvests Limited · ASX:SHV
Select Harvests — Bell Potter Home Grown Agriculture Conference 2021
25 slides from Select Harvests's conference presentation, Sep 16, 2021
Slide 1: Select Harvests Limited (ASX:SHV)
Click to edit Master title style Select Harvests Limited (ASX:SHV) Bell Potter Home Grown Agriculture Conference 2021 16 September 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$ 1.03bn (10 September 2021) and 530 employees. Company Australia’s second l
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: Sustainability in Action: Co-Waste Projects
Sustainability in Action: Co-Waste Projects SHV is undertaking three co-waste projects to increase sustainability and generate positive commercial Click Composting outcomes tobusiness for the edit Master title style The waste ash by-product generated by SHV’s H2E Co-Generation Power Station is use
Slide 7: 2021 Crop Update
2021 Crop Update Click increased to prices, almond editdemand Master titleremains for almonds stylestrong. Continued strengthening of almond market conditions. Despite ongoing shipping issues and 2021 Almond Crop Forecast Current Market Price Currency 28,250 MT $A 7.25 – 7.75/kg $0.73 AUD/USD Contin
Slide 8: 2022 Business Outlook
2022 Business Outlook ClickWater to edit Masteraretitle style The 2022 crop is progressing well with good tree health in all regions. Pollination is now completed. market conditions favourable, with strong seasonal allocations. 2022 Theoretical Crop Volume Pollination Water Outlook 29,595 MT Complet
Slide 9: Almond Price
Almond Price Prices remain bullish due to the impact of the lower Californian crop forecast and drought Click to edit Master title style In the last two months almond prices have increased back towards the long-term average trend price, with the largest price increases occurring at the premium end o
Slide 10: Almond Demand
Almond Demand Significant growth in global almond demand across all markets Click to edit Master title style Almond shipments are occurring at an unprecedented pace, with monthly U.S. shipment records being set in 11 out of the 12 months of the now completed 2020/21 U.S. season (August 2020 to July
Slide 11: Almond Export Update
Almond Export Update Click to edit Master title style The price sensitive markets of India and China have responded strongly to lower almond prices 2020/21 Crop 2019/20 Crop (MT) Aug 2020 (MT)) Aug 2019 % U.S Shipments: to July 2021 to July 2020 Change Comments U.S. Domestic 366,539 351,195 4.4% Dem
Slide 12: Growth of the Value-Added Almond Market
Growth of the Value-Added Almond Market Click 10 years toequates ago. This edit toMaster a 7.1% CAGRtitle style almond shipments over the period. Value-added almonds now account for 46.5% of total domestic U.S. almond shipments, up from 37.1% in value-added Almonds remain the leading nut type for in
Slide 13: Almond Supply
Almond Supply A reduction in Californian almond supply is expected Click to edit Master title style The USDA forecast a 2.80 billion pound (1.27m MT) almond crop for California's 2021/22 growing season, 10% lower than last years record crop of 3.12 billion pounds (1.42m MT). The USDA’s forecast was
Slide 14: California Water Storage Monitor
California Water Storage Monitor Clickbelow to the edit Master average oftitle 50% style The combined storage level of California’s major reservoirs is now only at 29% of total capacity, significantly 10-year California Reservoir Conditions California Reservoir Storage Levels (as of Sept 6, 2021) (a
Slide 15: Australian Water Market Update
Australian Water Market Update Click totheedit Master average title style The start of the 2021/22 water season has seen higher allocation volumes and prices remaining below long-term Water Prices Climate Outlook ■ The start of the 2021/22 water season has seen favourable weather conditions, higher
Slide 16: Food Division Update
Food Division Update SHV is undertaking a restructure of its Food Division Click to edit Master title style Asset Sale of Lucky & Sunsol Brands On 30 August 2021, Select Harvests signed agreements to sell the Lucky and Sunsol brands to Prolife Foods Pty Ltd (Prolife Foods) for A$1.5 million plus f
Slide 17: 2022 Top Priorities
2022 Top 10 Priorities Click assets to edit Master title style Continue to execute on our growth strategy, underpinned by a world class portfolio of almond 1. Safety and Wellbeing - Ensure the safety and wellbeing of our employees 2. 2022 Horticultural Program – Deliver optimal tree health and produ
Slide 18: 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 19: Appendix
Click to edit Master title style Appendix Click to edit Master text styles 19 19
Slide 20: 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 Map Benefits of Geographic Diversity & Scale ■ Geographic diversity limits exposure to: − Weather − Disease spread − Inse
Slide 21: 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 22: 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 23: 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 24: California Drought Monitor
California Drought Monitor 46% inClick to Drought edit Master title style 94% of California is currently in a Severe Drought, with 88% of the state in Extreme Drought and Exceptional U.S. Drought Monitor California (7 September 2021) Points to Note 7 Sept 2021 88% of California is currently experi
Slide 25: 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
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