Australian East Coast Region Crop Quality Australian Grains Industry Conference Singapore (March 9,2015)

A leading Australian agribusiness with ownership of unique international assets spanning the grain and oilseed supply chain.

Our  integrated,  unique  mix  of  assets  and  businesses  allow  us  to  deliver  high  quality  assurance,  compe;;ve  prices,  scale  and  confidence  of  supply.  

Our operations at a glance Our global portfolio of premier grain storage, handling and processing assets are ideally positioned to meet demand from the world’s most rapidly growing regions.

Top  5  global  malt  producer  

Expor1ng  to  30+  countries  

 

Our operations at a glance

Australia’s  largest  supplier  of  edible  flour  

Australia’s  largest  integrated  oils  business  

Our operations at a glance

7  bulk  grain  ports  

Largest  eastern  Australian  

grain  storage  and  transport  network  

20+  exporters  accessing  our  ports  

Eastern Australia Growing Season 2014/15

•  Moisture conditions less favourable in NNSW & QLD throughout growing season

•  Good early season conditions in Cntl & Sthn NSW, and VIC.

•  Sthn NSW & Vic received below average rainfall through late winter and spring, and conditions deteriorated.

•  All regions had generally drier and warmer than average conditions through spring: contributing to lower yields and higher than average protein levels.

•  Harvest weather conditions generally very good; resulting in early and quick harvest activity.

•  Almost no negative quality impact from weather in harvest period.

Australian Precipitation Percentage Normal May-Oct 2015

7  

East Coast Wheat Production & Exportable Surplus

8  

Quality Profile: Grade Distribution

9  

Wheat/Flour Quality Eastern Australia (QLD/NSW/VIC)

Class Units APH AH APW ASW

Test Weight kg/hl 82.2 82.1 82.2 82.2

Protein @11%mb % 13.6 12.0 11.0 9.7

Moisture % 9.8 9.3 9.9 10.7

Falling # Sec 485 490 482 429

Screenings % 2.0 2.9 2.4 2.1

Extraction % 76.9 75.5 75.3 75.2

Wet Gluten % 35.6 31.6 28.2 23.3

Gluten Index - 92 95 96 98

Stability min 15.0 12.1 10.2 8.5

Extensibility-45 cm 22.0 20.1 18.0 16.6

Eastern Australia Wheat Quality 2014/15

•  High test weights

•  Average grain size

•  Low moisture contents

•  Above average protein

•  Gluten index >90 for all samples

•  Excellent noodle colour & colour stability

APH: good dough strength & farinograph stability & is typical of the class AH, APW, ASW: good dough strength & balanced dough properties

Benefits of Milling North Eastern Australian Wheat

•  APH is only grown in QLD & NNSW (BLACK SOILS with high nitrogen presence) & in SNSW

•  Most wheat varieties grown in these regions are APH varieties

•  This means that even the lower grades (i.e. AH & APW) have better milling & baking characteristics than non APH varieties i.e. extraction, gluten quality, water absorption & dough strength etc

Distribution of varieties in QLD & NSW grades - % of receivals

0  

5  

10  

15  

20  

25  

30  

Baxter   Crusader   Gregory   SpiNire   Sunco   Suntop   Sunvale  

APH2   H2   APW1  

All above are APH varieties

Distribution of varieties in VIC grades * - % of receivals

*No APH is grown in VIC

0  

5  

10  

15  

20  

25  

30  

Chara   Gregory   Janz   Kord   Mace   Scout   Yitpi  

AH   APW  

Wheat Production zones of Australia

Wheat Varieties Received into Eastern Australia* (QLD/NSW/VIC)

3rd Week October

3rd Week December

Class Major Varieties 14/15 Prime Hard (APH)

Gregory, Spitfire, Sunvale

Hard (AH)

Gregory, Spitfire, Suntop

Premium White (APW)

Gregory, Spitfire, Suntop

*receival into each class is dependent on the protein content & the maximum classification

APH-Variety Trend NNSW

17  

0  

5  

10  

15  

20  

25  

30  

35  

40  

Baster   Crusader   Ellison   Gregory   Janz   Lancer   SpiJire   Sunbri   Sunco   Sunlin   Suntop   Sunvale  

2011/12   2012/13   2013/14   2014/15  

APH-Variety Trend SNSW

18  

0  

5  

10  

15  

20  

25  

30  

35  

40  

45  

50  

Crusader   Cunningham   Ellison   Janz   SpiJire   Sunco   Sunstate   Suntop   Sunvale   Sunzell   Wedgetail   Wylie  

2011/12   2012/13   2013/14   2014/15  

Distribution of varieties in SNSW grades - % of receivals

+Gregory is APH in SNSW

0  

5  

10  

15  

20  

25  

30  

35  

40  

45  

50  

Gregory+   Janz   Livingston   SpiNire   Sunco   Sunstate   Suntop   Sunvale  

APH2   H2   APW1