SunRice Report

RGA Annual General Meeting

Laurie Arthur - Chairman

4 August 2017

Agenda

  • FY17 Performance
  • Refreshed SunRice Strategy
  • FY18 & Global Market Outlook
  • Capital Restructure Update
  • Questions

2

FY17: Resilience in a Challenging Market

REVENUE

$1.11

billion

12%

decrease

NET PROFIT AFTER TAX

$34.2

million

34%

decrease

DIVIDEND PER

B CLASS SHARE

33.0

cents

Steady

Represented payout ratio of 54%

PADDY PRICE

$415.00

Medium Grain (Reiziq)

3%

increase

3

Domestic & Global Factors Impacted the Results

  • Results driven by a combination of several external factors:

    • lower Riverina rice crop

    • lower medium grain rice prices

    • negative macroeconomic trends

    • weak trading for CopRice & Riviana

  • In line with smaller C16 crop, Rice Pool revenue was down 41% and it experienced a loss of $32.5 million:

    • growers were paid a guaranteed fixed priced of $415 per tonne for medium grain to encourage rice production when water availability was low

  • International Rice revenue was down

    2% and NPBT declined 24%:

    • increased globally traded volumes were offset by challenging economic and trading conditions across key markets

4

Ricegrowers Limited published this content on 04 August 2017 and is solely responsible for the information contained herein.
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