ArborGen Provides Update on Hurricane Helene Impact

ArborGen Provides Update on Hurricane Helene Impact
2 October 2024 - ArborGen Holdings Limited (NZX: ARB) (ArborGen or the Company) has today
provided an update on the impact of Hurricane Helene on its orchards in Georgia, USA.
The company’s first priority has been the safety and welfare of its people, many of whom have
suffered damage to their homes or are living without electricity, cell coverage or with reduced access
due to road damage and flooding.
CEO Justin Birch said: “Our thoughts are with all those affected by Hurricane Helene, especially our
ArborGen team and their families. We are doing all we can to support our people and would like to
thank them for their incredible efforts, both prior to the storm and in the clean-up and salvage.”
While the company is still assessing the impact of the storm, it can advise that the crop for FY25 is
mostly unaffected. There was minimal crop damage at ArborGen’s Bellville Nursery, demonstrating
the value of ArborGen’s investment in container planting.
Some damage to trees has been sustained at two of ArborGen’s orchards which will result in a lower
seed harvest in FY25 and following years. These are smaller orchards representing around 30% of
ArborGen’s FY25 coastal MCP® expected seed harvest. It is currently at the start of the harvest
season, after which the company will have a clearer idea of the impact on its seed inventory.
ArborGen confirms it has sufficient inventory to meet projected customer demand.
ArborGen is also reaching out to customers, with many forests devastated by flooding, mud and
landslides and strong winds.
ENDS

Authority for this announcement:
Justin Birch, President and CEO, ArborGen Holdings Limited
For more information, please contact:
Jackie Ellis, Ellis and Co e: jackie@ellisandco.co.nz t: +64 27 2462505




ArborGen
ArborGen is the leading supplier of advanced seedling genetics to the global commercial forestry
industry. Employing state-of-the-art technology, ArborGen is developing high-value products that
significantly improve the productivity of a given acre of land by enabling our customers to grow trees
that yield more wood per acre with greater consistency and quality in a shorter period of time. For
more information, please visit ArborGen’s website at www.arborgen.com