Seeka Provides Investor Presentation

Seeka
Investor Presentation -November 2018

2
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3
Presenting today
Stuart McKinstry C.A.
CFO
Previous experience:
•Appointed Chief Financial Officer in 2006
•More than 25 years’ accounting experience
in both public practice and industry
Michael Franks C.A.
CEO
Previous experience:
•Appointed Chief Executive Officer in 2006
•Started with Seeka in 2003 as Chief
Financial Officer

4
Seeka is a premium produce company with a strategy to become New Zealand’s leading orchard to
market business
Seeka provides an investment entry point to New Zealand kiwifruit and avocados and is poised for
further growth
Targeted varieties -kiwifruit, avocados, nashi, pears
Geographically spread -including New Zealand; Bay of Plenty, Coromandel and Northland;
and Australia
Integrated services from orchard to customer
1
Capital invested to increase supply and processing capabilities
Reliable cash-flow, now gearing the company for further growth
2
3
4
Seeka’s key investment attributes and strategy for growth

5
Orchard-to-Market Excellence
In Australia:
Grows, processes and markets
Kiwifruit
Nashi pears
European pears
In New Zealand:
Grows, processes and markets
1
Kiwifruit
2
Avocado
Kiwiberry
Kiwifruit pollen
Develops, leases and manages orchards
Manufactures
Kiwi Crush, avocado oil
Imports, ripens and supplies
Bananas, tropical fruit
Wholesales
Seasonal produce
Largest grower of
kiwifruit in New Zealand
and Australia
Australia’s largest
nashi grower
Seeka is an international fresh produce business
1. Seeka also processes citrus and berries
2. NZ kiwifruit is predominantly marketed by Zespri

6
Seeka Update
Seeka has announced Northland horticultural land holding sales
1
. Settlement of these sales is not subject to Overseas
Investment Office approval. Further sales are expected to take place in the next twelve months
Seeka expects to receive proceeds on the sale of three contracted orchards and complete the purchases of
Kerifruit Farm, Whites, Nautilus and Hendl orchards prior to 31 December 2018 (net purchase cost of $9.7m)
In FY19, Seeka expects to receive proceeds of two contracted orchards sales and to sell the Kerifruit Farm and
Kapiro orchards (net proceeds of $17.4m)
Net proceeds from the Northland land sales will reduce Seeka’s debt and aid the completion of its current capital
expenditure programme
Through the land sales and other capital initiatives, Seeka intends to target net debt to normalised LTM
2
EBITDA of
1.5x –2.5x, noting the requirement for flexibility from time to time given Seeka’s seasonal investment cycle
Earnings guidance for FY18 EBITDA of $24.0m -$25.0m
Kiwifruit volumes guidance of 31.2m trays for FY18
3
, up from 25.6m trays in FY17, reflecting return to more normal
growing conditions
EBITDA guidance of $24.0m -$25.0m, up between 4% -8% on FY17 EBITDA of $23.1m
NPAT guidance of $6.5m -$7.2m, up between 12% -24% on FY17 NPAT of $5.8m
4,5
1. Seeka has now entered into sale agreements for $15.9m or orchards, of which $12.1m are orchards acquired from Turners & Growers Horticulture Ltd. Negotiations continue for the sale of the remaining
orchards
2. LTM = last 12 months
3. Seeka management
4. NPAT is based on normal tax rates applying in New Zealand an Australia. The increase of 12% -24% in NPAT against 2017 is due to a number of non-recurring negative adjustments that occurred in 2017.
This included a $2m impairment of goodwill and a $1m deferred tax adjustment
5. Subject to any valuation or impairment adjustments and at notional NZ and Australia tax rates
Seeka provides an update on its Northland Orchard sales and reiterates its guidance for FY18

7
Company Overview

8
Growing kiwifruit, avocado and kiwiberry from more than 220
orchards via managed, lease and long-term lease contracts
with third party owners. Operations include:
1,019 hectares of kiwifruit, 89 hectares of avocado and 7
hectares of kiwiberry in FY18
1
10.4m trays of class 1 kiwifruit in FY18
2
Operating a small number of directly or partly owned
orchards
New orchards in development on long-term-leased land
Syndicating avocado orchards in Northland
Seeka’s growing arrangements
3
FY18A
Contract service to harvest, pack, coolstore and ship
fruit from more than 700 orchards, including from
Seeka’s orchard division operations and independent
growers (kiwifruit, avocados, kiwiberry, citrus and
berries). Operations include:
Seven pack house sites
4
Northland (1)
Coromandel (1)
Bay of Plenty (5)
Food processing site producing Kiwi Crush,
avocado oil and kiwiberry
Innovation excellence that delivers new
engineering options
The latest technology reducing manual handling
costs
Toll processing business model, increasing
volumes results in increasing profits
1. As kiwifruit is harvested between April and May, kiwifruit harvested in HY18 will represent total amount of kiwifruit harvested in FY18. Avocado hectares relate to producing hectares for the FY18/FY19 harvest
2. Seeka Interim Report, June 2018, p6, Orcharding
3. Seeka internal reporting, harvest 2018 producing hectares
4. Seeka Annual Report, 2017, p74
Seeka’s operating segments
Orchard Division, New Zealand
Post-harvest Division, New Zealand
Managed,
20%
Leased, 13%
Long term
lease, 3%
External
growers, 64%

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Retail Services Division, New ZealandSeeka Australia
Markets local and imported produce in New Zealand, exports
to Australia and international markets, along with selling high
value functional foods. Operations include:
Marketing fruit that is not supplied to Zespri
Importing fruit for the New Zealand market and providing
retail services
Marketing product from Seeka’s Delicious Nutritious
Food Company and manufacturing the premium
functional food Kiwi Crush
Owns nine orchards, a block of land for future orchard
development and two post-harvest facilities that supply
the Australian and export markets. Operations include:
Land, orchards and post-harvest facilities in
Shepparton
628 hectares of land of which:
206 hectares in production
80 hectares in development
278 hectares with development
potential
Access to water: 2,655 mega litres of high priority
and low priority water shares
1
Produce kiwifruit, nashi, pears, and stone fruit with
new kiwifruit and pear developments
Projected producing hectares
2
FY18AFY23F
Kiwifruit99146
Nashi pears6372
Europeanpears3547
Avocados02
Seeka’s operating segments (continued)
1. At full allocation
2Seeka internal reporting, FY18 represents actual hectares in production for the FY19 harvest

10
115.7
142.1
191.3
186.8
186.0 –190.0
FY14AFY15AFY16AFY17AFY18F
11.3
13.9
24.8
23.1
24.0 –25.0
FY14AFY15AFY16AFY17AFY18F
Financial snapshot
Total EBITDA
NZ$million
Total revenue
NZ$million
Seeka has delivered consistent revenue growth over the past four years with the industry
recovering from the kiwifruit disease Psa. FY18 revenue represents a recovery from a smaller
green kiwifruit harvest in FY17
1
Guidance
Guidance
1. FY18 revenue guidance is also down due to change in banana contract and reduced supply in the first six months
2. Seeka FY17 Annual Report

11
Revenue by segment
1
NZ$million
FY15AFY16AFY17A
FY18F
guidance
New Zealand Post
Harvest
88.3 110.8 96.7116.0–117.0
New Zealand Orchard42.3 47.948.642.0–43.0
New Zealand Retail
Services
9.6 16.8 24.313.0–14.0
Seeka Australia1.2 15.2 16.515.0–16.0
Other0.70.60.7-
Total142.1191.3186.8186.0–190.0
FY15AFY16AFY17A
FY18F
guidance
New Zealand Post
Harvest
13.326.822.030.6 –31.4
New Zealand Orchard4.05.6 6.43.4–3.6
New Zealand Retail
Services
1.71.9 2.91.5–1.6
Seeka Australia(1.4)1.0 2.30.1 –0.2
Corporate(3.7)(10.6)(10.4)(11.6) –(11.8)
Total 13.924.8 23.124.0–25.0
EBITDA by segment
2
NZ$million
KiwifruitAvocado
4
Kiwiberry
Contract supply 1,69133272,030
Managed573563632
Orchard lease 37564385
Long term lease 7127-98
Total2,710421143,145
New Zealand orchard supply arrangements
3
Hectares, FY18A
FY18
Production 206
Currently indevelopment80
Potential development land278
Bare land 64
Total628
Seeka Australia owned orchards and land
5
Hectares, FY18A (all fruit)
Key metrics of Seeka’s operating segments
New Zealand Orchard, New Zealand Post Harvest, New Zealand Retail Services and Seeka
Australia
1, 2. Seeka Annual Report 2017, p22. Seeka Annual Report 2016, p20
3. Seeka management. Orchard operations do not reflect recent sales of Northland orchards
4. Avocado FY18A number relate to producing hectares for the FY18/FY19 harvest. Source: Seeka management
5. Australia hectares reflect the current development plan and producing hectares for the FY19 harvest

12
Seeka’s Lease Arrangements
1. Orchard Gate Return –this is the orchard revenue after post harvest packing and cool store charges. This is the forecast OGRas at October 2018
2. This excludes the profit sharing arrangement and base rental
3. Excludes 24 hectares or leasehold orchards assigned to Seeka under the transaction with Turners & Growers Horticulture Limited
2020F2021F2022F2023F2024F
Gold GA (ha)1.1 1.1 13.1 19.9 23.7
Green HW (ha)-7.0 20.7 25.7 25.7
Avocados (ha)--20.0 20.0 20.0
Total1.18.153.865.669.4
Current “short term” orchard leases
Current orchards in development –long term leases
Total hectares in production
2018FTrays (000s)OGR
1
/ TrayOGR / Hectare
Green HW3,705$5.6 $65,800
Green HW –Organic121$7.9 $71,600
Gold GA727$10.3 $133,900
Seeka currently has 375 hectares of kiwifruit under orchard lease,
6 hectares of avocado and 4 hectares of kiwiberry (see page 11)
Three year lease term, with approx. 1/3 renewing each year
Seeka pays a base land rental and all operational costs, along
with a profit share to the land owner
Typical operating costs, growing, harvest & management
2
:
Green = $32,800 per hectare per harvest year
Gold = $44,100 per hectare per harvest year
Leases are typically for 20 –25 years
Seeka develops the orchards, pays a base rent, receives all
income and pays operating expenses
Seeka currently has 98 hectares under long term lease in full
operation (71 of kiwifruit and 27 of avocado) (see page 11)
18 hectares of existing long term leases are due to expire
between 2020 –2022. Another 25 hectares are due to expire in
2025
Kiwifruit traysproduced (000s)2018A2019F2020F2021F2022F2023F2024F
Trays produced under existing leases 600600 600 451 451 359 359
Trays produced under new leases--5 50 248 398 606
Total trays producedunder long term leases 600 600 605 501 699757 966
Kiwifruit trays produced under long term leases
3
The number of kiwifruit trays
produced under long term
lease are forecast to
increase from now through
to 2024F. This is driven by
production under new long
term leases
Seeka’s long term leases
There are currently 69.4 hectares of kiwifruit and avocado in
development with first crops expected from 2020 through to 2024
Seeka’s “short term” orchard lease characteristics

13
Industry Outlook

14
Through Zespri, New Zealand is the world’s largest
kiwifruit exporter capturing 44% of the market value
in 2017
2
Seeka had a 21% market share of New Zealand
kiwifruit production in 2017 (and more than 80% of
Australia’s production)
3
15.3% CAGR in export value of New Zealand
kiwifruit from 2013/14 to 2017/18
4
New Zealand is growing its global kiwifruit trade and
is one of the fastest growing kiwifruit exporters, up
79.4% from 2013 to 2017
5
Growth includes using plant variety right
protected fruit such as SunGold (gold) which
commands premium pricing and a better
market mix over green kiwifruit
Strong consumer demand for New Zealand kiwifruit
in Asia
214,540 tonnes exported in 2015, NZ’s largest
kiwifruit market
6
Strong export value growth to China (18.3%
CAGR) and Taiwan (9.4% CAGR) from 2009 to
2015
7
Asia remains New Zealand’s largest kiwifruit export location by value
9
New
Zealand
44%
Italy
19%
Belgium
12%
Chile
7%
Greece
5%
Iran
2%
Other
11%
New Zealand captured 44% of total kiwifruit export value in 2017
8
New Zealand is the world’s largest kiwifruit exporter and achieves
premium pricing
1
1. Zespri 5 year outlook, November 2017
2, 5, 8. World Top Exports, July 2018
3. Seeka management
4. Zespri Annual Review 2017/18, p17
6, 7. World kiwifruit review 2016, Belrose Report, p43
9. FreshFacts –New Zealand Horticulture 2017 Report, p11
Seeka is a key supplier to the global kiwifruit trade
Asia, 66%
Europe,
25%
North
America,
4%
Australia,
2%
Other, 3%

15
Kiwifruit volumes increasing with Zespri planning to sell 750 hectares
of gold licences per year for the next four years
1
New orchards are being developed, along with existing orchards
being converted to gold
Gold kiwifruit yields higher volumes than green kiwifruit
Higher orchard revenues
Higher post-harvest revenues
Seeka has invested in pack lines and coolstores to handle more
volume
$34m invested in FY16
2
and $15m invested in FY17
3
Post-harvest profitability improves on economies of scale
Zespri and the kiwifruit industry are looking at offshore infrastructure
to manage volume growth
4
Optimises onshore capital process infrastructure
Using offshore infrastructure in peak periods will improve New
Zealand asset utilisation and revenues
Seeka’s New Zealand pack lines and coolstores will operate at
capacity for longer periods
Packing and coolstorage are tolled revenue points
Seeka has invested in personnel, systems
and capacity to handle more volume
Seeka benefits from higher kiwifruit volumes
The supply of New Zealand kiwifruit is growing
1.2
1.4
1.7
2.0
2.1
4.5
20132014201520162017Zespri
2025
target
New Zealand kiwifruit export value
5
NZ$billion
1, 4. Zespri 5 Year Outlook, November 2017. Note in 2018, Zespri completed the first of the five years of licence sales
2. Seeka Analyst briefing pack, FY16, p10
3. Seeka Annual Report 2017, p2
5. Zespri Annual Review 2017/18, 2013 -2017 data, p17; 2025 target, p3

16
0 m
50 m
100 m
150 m
200 m
250 m
199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027
Trays submit
Harvest year
SunGold/Gold OB
Green Organic
SunGold/Gold
Green/Sweet
Green
ZESPRI FORECAST³
ACTUALS, NEW ZEALAND CLASS 1 SUBMIT¹
²
1. Class 1 submit is the industry-standard measure of kiwifruit volumes, being kiwifruit graded for export as the crop harvested is measured in trays (~3.5kg per tray) of kiwifruit
2. Since forecast, actual 2018 submit figures released of 157.6m trays
3. Zespri 5 Year Outlook, November 2017, p44
New Zealand industry volumes growing with new gold variety

17
Competitive landscape in New Zealand
FY17
(calendarised to
31-Dec-17)
Total
Revenue
Estimated kiwifruitexport
market share (by trays)
Trays Otherproduce and services
Seeka
$186.8m
1
21%25.6m
1
Avocados -Orchard management services, picking, packing and marketing,
~10% of NZ export market (210k export trays in 2017/18)
Kiwiberry –Orchard management services, picking, packing and marketing
Citrus –Packing
Strawberries and blueberries –Packing
2
Seasonal produce –Wholesale
Tropical fruit –import, ripen and supply to retail
EastPack
$150.4m
3
27% 33.4m
4
Avocados –Orchard management services, picking and packing
Trevelyan’s
10%12.0m
5
Avocados –Orchard management services, picking and packing, 8% of NZ
export market (170k export trays in 2017/18)
6
Apata
$53.6m
7
9%11.0m
8
Avocados –Orchard management services, picking and packing
DMS
$50.4m
9
8%9.4m
10
Includes Birchwood Packhouse Limited
Avocados –Orchard managementservices, picking and packing
The Jace
Group
6%7.2m
11
Includes Southern Orchards Limited, MPAC and APAC
Avocados –Orchard management services
Blueberries –Orchard management services
OPAC
$47.3m
12
6%7.0m
13
Aongatete
4%est. 5.0m
Other
11%est.13.9m
Includes Orangewood Kiwifruit Post-harvest, Far North Packers, Hume Pack-
N-Cool, Riverlock and KauriPak
100%124.4m
14
Seeka’s largest competitors are kiwifruit orchard management and post-harvest businesses
1. Seeka FY17 Annual Report, p7, 14
2. Seeka will pack strawberries for the first time in the 2018/2019 season
3, 4. EastPack Annual Report 2017,p5. EastPack Annual Report 2017,p3
5, 6. Trevelyans Sustainability Report 2018, p5. Trevelyans Sustainability Report 2018, p8
7, 8. Apata Annual Report 2017, p3. Apata Annual Report 2017, p5
9, 10. DMS Progrowers Ltd Annual Report 2017, Financial Statements, p2. DMS Progrowers Ltd Annual Report, p3
11. Jace Group website
12, 13. OPAC Annual Report 2017, p2. OPAC Annual Report 2017, p1
14. Zespri 2017 Annual Report, p6

18
707
303
2014-152015-162016-172017-18
Local marketExport
Export value of New Zealand avocados in the last 5
years have nearly doubled over the previous 5 year
period
1
$104.7m generated from New Zealand exports
from 2017/18 season
2
In the 2017/18 season, Seeka handled approximately
10% of New Zealand’s avocado crop
3
Seeka’s volume is growing through orchard
syndication
Seeka delivers a full orchard-to-market service
Seeka exports mainly to the high-returning markets,
including Australia, South Korea and China
Seeka positioned to benefit from larger avocado
volumes with three packhouses capable of handling
avocados
Seeka avocado volumes handled by season
4
Thousands of avocado trays
Australian avocado production, imports from New Zealand and
consumption
5
-
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
-
20
40
60
80
100
1998200020022004200620082010201220142016
Consumption (kg/capita)
Volume (thousands of tonnes)
Australian production volumeImportsConsumption / capita
Avocados are prone to biennial bearing producing larger crops on
alternate years
Seeka is capturing value in new markets
Avocados are an emerging fruit for Seeka
1, 2. New Zealand Avocado Annual Report 2018, p22
3, 4. Seeka management –Seeka avocado volumes. Volumes handled refers to volumes packed and marketed by harvest season, which spanstwo financial years. Volumes are measured in industry standard
trays (~5.5kg) of avocados
5. Talking Avocados, Spring 2017, Australian Avocados state of play: 2016/2017, p16
304
473

19
Nashi
Packham
pears
Corella
pears
1.8
1.5
1.8
FY16AFY17AFY18F
1.5
1.2
1.4
FY16AFY17AFY18F
2.4
3.0
2.6
FY16AFY17AFY18F
Orchard investments will deliver growth over the next
five years through increased production of more
profitable crop type / varieties
Green kiwifruit and new gold variety in development
Planting new varieties of pears
Seeka estimates it has over 80% market share of
Australian kiwifruit, and 90% of Australian nashi
Upgraded onsite packing and coolstore facilities to
handle growth in 2017
2,655 mega litres of high reliability and low reliability
water shares
Psa occurrence
Psa like symptoms identified on new kiwifruit
developments (14 hectares)
Additional 47 hectares in development not grafted
Seeka will continue with tolerant green variety on
suitable root stock
93 hectares of existing green production not
affected
NZ’s effective Psa management practices are being
applied in Australia to minimise Psa effects
Nashi volumes
1
Millions of kg
Kiwifruit volumes
Millions of kg
Sales by fruit
FY18F guidance
Sales by fruit
FY17A
Pear volumes
Millions of kg
Seeka has a dominant market share in Australian kiwifruit and nashi, and is investing to grow
volumes and margins
Australian operations
61%
29%
5%
2%
1%
2%
56%
33%
5%
4%
1%
1%
Kiwifruit
Stone fruit
Corella
pears
Nashi
Kiwifruit
Stone fruit
Packham
pears
Other
pears
Other
pears
Guidance ~A$13.6m
A$14.6m
1. 2017 Nashi volumes were reduced due to a hail event and mites. Seeka has put measures in place to prevent further mite issues

20
Establishing a kiwifruit orchard requires specialist experience, expertise and partnerships
Seeka has 37 years’ experience as a key player in the kiwifruit industry and strong relationships with orchard owners
and service providers
Seasonal workforce
Industry experience, knowledge and relationships
Orchard, harvest and packing operations are labour intensive
Seeka’s annual payroll is ~1045 FTEs in New Zealand and Australia, employing more than 300 permanent staff and
3000 seasonal workers
1
Workers must be trained and managed according to strict employment, health and safety regulations
Seeka has invested in workforce recruitment, training and management practices
Seeka enjoys benefits of experience and scale
Capital
Seeka has invested in increased processing capacity
incorporating automated post harvest technology and
advanced information systems
The investments will enhance revenues and margins
2016
$34m
2017
$15m
Seeka capital investment for innovation and expansion
4
NZ$million
2018F
$22.9m
Time
Between 4-5 years before first returns from a new
orchard. Seeka and its growers have already made
time investment with 3,330 hectares actively
producing for Seeka across New Zealand and
Australia
2,3
Year 1
Prepare new orchard
Year 2
Plant vines
Year 4
First harvest
Year 4-5
First returns
Year 1
Prepare and plant
new orchard
Year 3-4
First harvest
Year 3-4
First returns
Kiwifruit
Nashi, Pears
Avocado
1. Seeka management
2. Orchard development timeline depends on the property
3. 3,330 hectares actively producing includes Seeka’s contract growers
4. Seeka Annual Report 2016, p5, 2017 Seeka Annual Report, p2, projected 2018 includes start of 2019 projects
Timeline to first returns for fruit

21
FY18 Guidance

22
New Zealand kiwifruit volumes rebound
Seeka kiwifruit volumes to June 2018 increase by 21%
on pcp
1
25.6
31.2
December 2017December 2018F
Kiwifruit volumes (trays)
Kiwifruit volume loadout
Trays
2
1. Prior corresponding period
2. Seeka management

23
23.1
9.1(2.9)
(1.4)
(0.6)
(0.4)
(0.4)
(2.1)
FY17FY18F
Guidance for FY18 full year results
Guidance range
24.0 -25.0
Post-harvest
volumes increase
Orchard
Retail
Services
Acquisition
costs
Other
costs
5.8
FY17FY18F
NPAT
NZ$million
FY17 –FY18F EBITDA bridge
NZ$million
Guidance range
6.5 -7.2
Full year EBITDA guidance of $24.0m -$25.0m expected to be up by between 4% and 8% on pcp of
$23.1m
Full year NPAT guidance of $6.5m -$7.2m expected to be up by between 12% and 24% on pcp of
$5.8m
1,2
1. NPAT is based on normal tax rates applying in New Zealand an Australia. The increase of 12% -24% in NPAT against 2017 is due to a number of non-recurring negative adjustments
that occurred in 2017. This included a $2m impairment of goodwill and a $1m deferred tax adjustment
2. Subject to any valuation or impairment adjustments and at notional NZ and Australia tax rates
Other
income
Australia

24
Appendix

25
Risks to production
Climate
•Every year,there is a risk of adverse weather events.
•These could damage orchards (e.g. via flooding), damage crops
(e.g. via hail) or affect crop yields.
Seeka actively seeks to mitigate climate risk by:
•Holding water rightsin Australia
•Geographicaldispersion of orchards
•Crop protection measures (e.g. frost protection)
•Access to weather and frost forecasting technology
•Good communication with orchard managers
Disease and
pests
•Plant stockand crops could be damaged or destroyed by disease
or pests
•Residue could be found on fruit post harvest
•Disease / pests could lead to crops being unable to be sold,
closure of overseas markets, loss of market share and revenue
•A quarantine pest could be located in a fruit production or handling
region in New Zealand
Seeka actively seeks to mitigate disease and pests risk by:
•Geographic separation of orchard
•Orchard hygieneprogram and spraying / pest control program
•Bio-security controls to prevent introduction of disease
•Documented response plan in event of pest outbreak and active
use of pheromone pest traps
•Active management of fruit drop on the ground which specifically
works to minimise the risk of fruit fly
•PSA risk reduced because Seeka has developed effective
management actions to reduce its potential harm
Crop yields
•Yield variability needsto be managed to maximise profitability
•Variability in yields can be due to excessive operating costs or
poor management practises
•Inter-orchard variability and inter-region variability
Seeka actively seeks to mitigate the variability of crop yields by:
•Innovation in growing practises and production forecasting
•Optimised orchard locations
•Fertiliser application programs
Risks to property
Fire
•Premises occupied or owned by Seekacould be burned down and
the contents destroyed
To reduce the risk of fire Seeka has:
•Approved protection equipment including smoke and fire
detectors, alarms, sprinklers, fire hoses and extinguishers
•Employed a third party company to regularly service and maintain
fire detection equipment
Physical security
•Premises,property and assets are exposed to risk of unlawful
entry, theft and criminal damage
•In the event of the above there could be loss of critical equipment
To improve physical security Seeka has:
•Installed monitored alarms in buildings and a program to increase
security of fencing at sites
•Restricted access to technology equipment and systems to
authorised persons
Appendix: Risks and mitigants
As with every horticultural business, Seeka faces risks including: government policy, trade
access, health and safety, natural disasters, pest and disease, and product contamination

26
Other risks
Government
•Imposition of restrictive laws and regulation; punitive tax
regimes; and inappropriate bylaws would negatively affect
Seeka
Seeka actively seeks to have a positive influence on relevant policy
and regulation through:
•Active involvement in industry associations;
•Regular submissions on relevant legislation; and
•Actively building relationships with regulators
Health and
safety
•Unsafe work practice and/or a major incident could negatively
affect health and well-being of Seeka’s people; decrease
productivity; increase worker absenteeism; and have legal
implications
Seeka hasa proactive approach to health and safety which
includes:
•IncorporatingSeeka’s Health and Safety policy and processes
in day to day management throughout the business;
•Actively identifying, reporting, eliminating and minimising health
and safety risks within the workplace;
•Comprehensive health and safetytraining; and
•Fostering a culture of speaking up about concerns and ongoing
learning
Supplying
contaminated
produce
•Produce contaminated and/or recall required could negatively
impact Seeka’s sales figures; contracts; reputation and have
legal implications
Seeka actively mitigates the risk of supplying contaminated
produce by:
•Adhering to global food safety regulations and food safety
initiatives to enhance quality and safety in the production
process;
•Adopting technology solutions such as a quality management
system (QMS) to help prevent a contamination incident;
•Labelling and trackingproduceso contamination can be traced
to source and any impact be minimised;and
•Having a planned course of action in the case of an event.
Appendix: Risks and mitigants (continued)
As with every horticultural business, Seeka faces risks including: government policy, trade
access, health and safety, natural disasters, pest and disease, and product contamination

27
John Burke
Director
Elected April 2012.
Extensive agribusiness
experience including in
kiwifruit, having been the
general manager of Kiwifruit
Vine Health (KVH) and CEO
of Te Awanui Huka Pak.
Cecilia Tarrant
Independent Director
Elected April 2017.
Professional company
director; currently of
Payments NZ and chair of
Government Superannuation
Fund.
Fred Hutchings
Independent Chairman
Elected September 2012.
Extensive commercial and
business experience as a
partner of PwC for 27 years.
Previous chair of Tui
Products and a director of
Speirs Group and Speirs
Food Limited.
Peter Ratahi Cross
Director
Chair of several Trust
Boards throughout the
Eastern North Island. Chair
of Te Awanui Huka Pak and
Ngā Tūkairangi Trust, the
largest Māori kiwifruit
grower.
Ashley Waugh
Independent Director
Elected May 2014.
Extensive experience in
fresh foods industry, and
was CEO of Australia’s
National Foods until its
merger with Lion Nathan in
2009.
Martyn Brick
Director
Elected April 2013.
Extensive experience in
agribusiness having worked
in rural banking, finance and
horticulture. Former director
of Te Awanui Huka Pak.
Amiel Diaz
Director
Elected August 2009.
30 years’ executive
management experience in
the fresh produce industries.
Head of the Philippine
subsidiaries of Farmind
Corporation.
Appendix: Board Members

28
Jason Swain
GM Information Services
19 years’ experience in
agribusiness, spent 10
years in Post-Harvest
operations before moving
into the Information
Systems Division.
Stuart McKinstry
CFO
Chartered accountant, with
more than 25 years’
experience in accounting
and 18 years experience in
the kiwifruit industry.
Appointed CFO in 2006.
Michael Franks
CEO
More than 20 years’
commercial experience
and has held numerous
senior finance roles.
Joined Seeka in 2003 as
CFO. Appointed CEO in
2006.
Simon Wells
GM Orchards
20 years’ experience in
management in kiwifruit
industry; and has owned
both a kiwiberry orchard
and an avocado orchard.
Joined Seeka in 2007.
Kate Bryant
GM Supply
Joined Seeka in 2015, and
has 19 years’ experience
in the kiwifruit industry,
focussing on the kiwifruit
supply chain.
Ray Hook
GM Retail Services
Joined Seeka in April 2014
following the completion of
the Glassfields (NZ)
acquisition. Extensive
experience in senior
management especially in
agribusiness.
Rob Towgood
Commercial Manager
Works on the interface
with the Seeka Australian
operations; also
responsible for planning
and construction of new
infrastructure in New
Zealand.
Kevin Halliday
GM Post Harvest
Joined Seeka in 2003
through the acquisition of
Eleos, Kevin has
significant experience in
kiwifruit supply chain
management.
Annmarie Lee
GM Growers and
Marketing
30 years’ experience in the
kiwifruit industry, with 25
years owning a kiwifruit
orchard. Joined Seeka in
2005.
Appendix: Senior Management team