Seeka Limited/Announcement
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Seeka provides Taniwhadragon Economic Summit Presentation

Investor Presentation19 February 2017SEKConsumer Staples

Growing, harvesting, packing and producing
premium New Zealand exports

2
Seeka

Taniwha Dragon | February

2017

A full orchard-to-market serviceAn Australasian business founded in rural New Zeala

nd

Grow, handle and market


Kiwifruit


Avocado


Kiwiberry

Manufacture and retail


Kiwi Crush, Kiwi Crushies


Avocado oil


Kiwifruit pollen

Import, ripen and supply


Bananas


Pineapple, Papaya

Wholesale


Seasonal produce

Grow, handle and market


Kiwifruit


Nashi pears


European pears


Other produce

>

Apricots

>

Plums

>

Cherries

Largest grower of kiwifruit in

New Zealand and Australia

Largest grower of kiwifruit in

New Zealand and Australia

Australia’s largest

Nashi grower

Australia’s largest

Nashi grower

AustraliaAustralia

New ZealandNew Zealand

3
Seeka

Taniwha Dragon | February

2017

Publicly5listed companyTe Awanui Huka Pak is our largest New Zealand shareh

older

Nearly all growers are shareholders


Just completed a 35year grower share programme

Large shareholders in our key markets


Farmind Corporation of Japan


Sumifru – Asian produce distributor

Many employees are shareholders


5% of company shares owned by the employee share sc

heme

Our business modelFounded on relationships

4
Seeka

Taniwha Dragon | February

2017

Sustainable and profitable growthFocus on core strengths


Integrated from orchard to market


Kiwifruit business – the platform

Deliver value to stakeholders


Helping landowners grow value


Investments must earn cost of capital

Value accretive acquisitions


Build on core strengths


Pursue vertically integrated opportunities


Extend geographical and produce spread

Target $300m market capitalisation


Our growth aspiration

Our strategyNew Zealand’s “Premier Produce People”

Key operationsKey operations
Orcharding Post Harvest Retail Services

Seeka Australia

Orcharding Post Harvest Retail Services

Seeka Australia

6
Seeka

Taniwha Dragon | February

2017

Growing 10% of national export crop


11m trays 2016

Grow landowner value


900 hectares in production

Long term leases


Develop and operate high5production orchards

Expert grower support


Dedicated orchard managers


Leading technical advice

Avocados and kiwiberry


Diversifying landowner operations


Includes new GEM avocado variety

Orcharding

New Zealand’s largest kiwifruit grower

Experienced managers servicing

all key orcharding areas from

Northland to Hawke’s Bay

Experienced managers servicing

all key orcharding areas from

Northland to Hawke’s Bay

7
Seeka

Taniwha Dragon | February

2017

Packing 22% of national kiwifruit crop


33m trays 2016

Work for landowners to optimise orchard income


High5tech grading and packing systems – Spectrim


Advanced Inventory

Management Systems – AIMS

7 major facilities


$110m in assets

Strong volume growth


Investing in new capacity

Avocados and kiwiberry

Post harvest

A leading New Zealand post harvest operator

7

major facilities

Te Puke (3), Tauranga, Katikati, Coromandel, Kerikeri

8
Seeka

Taniwha Dragon | February

2017

Adding value to our products


Delivering incremental grower returns


Preferred supplier to key Australian retailers


Expanding product mix

>

Avocados, kiwifruit, kiwiberry

Gateways to China and Japan


Partnering with local experts

Domestic retail services


Import and ripen bananas

>

Pineapples and papaya


Auckland wholesale floor

>

Specialist Asian vegetables and seasonal produce


Christchurch supply centre

Kiwi Crush and Kiwi Crushies

Retail services

Expanding product range and geographical reach

9
Seeka

Taniwha Dragon | February

2017

Using our expertise developed in New Zealand to grow our business250 hectares of orchards in Victoria


Largest producer of kiwifruit and nashi


Pears, apricots, cherries and plums

Integrated post harvest servicesHigh5value retail channels


Suppling more products to more retailers


Australia and Asia

100% Seeka New Zealand owned


AUD $27m acquisition in 2015


Includes 100+ hectares of bare land

Investing in growth


New orchards, pack line and coolstores

Seeka Australia

We are Australia’s largest kiwifruit and nashi prod

ucer

Financial performanceGrowing our business

11
Seeka

Taniwha Dragon | February

2017

Seeka financial performanceStrong rebound in revenue on kiwifruit volumes – our

core business

Total kiwifruit

trays packed

Class 2GoldGreen

Revenue

19.4m

17.2m

17.8m

18.3m

22.1m

23.5m

6.3m

3.5m

0.8m

1.8m

4.4m

7.5m

27.1m

21.8m

19.6m

21.4m

27.8m

33.0m

$139 m

$108 m

$97 m

$116 m

$142 m

2011

2012

2013

2014

2015

2016

Australia

12
Seeka

Taniwha Dragon | February

2017

Seeka financial performanceForecasting lift in net profit after tax and earnin

gs per share

Earnings per shareNet profit after tax

$10.6m

$5.9m

$2.3m

$3.2m

$4.3m

$9.5m

$0.66

$0.41

$0.19

$0.22

$0.29

$0.59

2012

2013

2014

2015

2016

$0.59

to

$0.66

EPS guidance range

$0.59

to

$0.66

EPS guidance range

$10.6

m

to

$9.5

m

NPAT guidance range

$10.6

m

to

$9.5

m

NPAT guidance range

Forecast

117%

Forecast growth in EPS

117%

Forecast growth in EPS

Audited financials to be released Monday 27 Februar

y

Growing futuresGrowing futures
Connecting local landowners to high5value marketsConnecting local landowners to high5value markets

14
Seeka

Taniwha Dragon | February

2017

Close working relationship with our growers


Long5term relationships founded on performance


Nearly all growers are shareholders


Open, honest and transparent

Strong connections with key markets


Significant supplier in Australia


Innovative supply programmes into China


Proven working relationships with Asian produce handlers

Supporting vibrant rural communities


Seeka is a rural New Zealand business with rural roots


Supporting Maori landowners


Delivering sustainable wealth for this and future gener

ations

Founded on relationshipsSupplying premium products to high-returning market

s

Questions

END

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