Impact of Cyclone Gabrielle

17 February 2023
Impact of Cyclone Gabrielle
Seeka Limited [NZX:SEK] advises that from 13-15 February 2023 Cyclone Gabrielle brought severe
wind and rain over much of the North Island of New Zealand. A number of Seeka’s kiwifruit and
avocado growing regions felt the force of Cyclone Gabrielle.
Our teams are undertaking an initial impact assessment, but a complete understanding of the full
extent of the impact on the 2023 crops will likely remain unknown until the fruit is harvested.
Seeka’s core Bay of Plenty kiwifruit growing region was spared the worst of the weather and was not
materially impacted by the event.
However, the Hawke’s Bay, Gisborne, Coromandel and Kerikeri regions had varying degrees of
impact, with Hawke’s Bay being worst hit. Approximately 5% of Seeka’s kiwifruit supply is grown in
the Hawke’s Bay region. Seeka will continue to assess the impact of the cyclone and will update the
market if it identifies a material loss.
Seeka has made an initial assessment of its major assets and has not identified any significant
damage.
Harvest 2023 kiwifruit volumes are expected to be lower than the 2022 harvest year due to an early
season frost, variable bud break and now this cyclone. Our response to this circumstance includes a
reduction to the 2023 capital expenditure programme and a focus on reducing costs in line with the
lower crop expectation.
We are relieved to advise that all of our people are safe. We extend our support to those who have
been affected by the cyclone and those growers whose orchards and livelihoods have been devasted
by the event.

Release ends:
For further information please contact:

Michael Franks Seeka Chief Executive officer +64 21 356516
Nicola Neilson Seeka Chief Financial officer +64 21 841606