welcome to eastpack

Join us for the 2013 season. Freephone: 0800 TOP OGR | www.eastpack.co.nz

HOW dO We stack up?

2013

8 6 7 6 4 7

$1.11*

LOWEST PRICE

HIGHER RETURNS

OGRLeading the industry

NO CHaRGE fOR CLaSS 2

REjECTS*Based on the base packing rate of $1.31 less 20¢ per tray rebate to be paid in June 2013. Relates to Hayward and G3 varieties.

Other reject charges may apply.

PLUS

EastPack Industry (F) Forecast

Per tray packing price

2008

–

2009

–

2010

–

2011

–

2012

–

$5.00

$4.50

$4.00

$3.50

0

ActuAl GrEEn OGr

63¢$4.13

DEC

(F)

$4.09

$4.69$4.43

$4.68

a philosophy of operational excellence allows us to offer our growers the lowest packing price in the industry

Continuous Improvement• MaxiMiseefficiency• MaxiMiseQUaLiTy

By adopting LEAN manufacturing principles we have achieved huge operational savings which are passed on to our Growers in the form of a rebate and low packing costs. Streamlining our processes, enables us to keep our costs at a minimum without compromising quality.

Stacking and strapping robotsEastPack leads the industry by being the first to integrate robotic technology into stacking and strapping, providing gentle stacking and reduced post harvest costs.

RfID TrackingRFID tracking of your fruit from the packhouse to the coolstore means our inventory management is streamlined to maximise nett storage revenue.

STaTE Of THE aRT INNOVaTION

OperationalEfficiency

OPErAtIOnAl savingsoverTHePasTfoUr

years

28 oo

Join us for the 2013 season. Freephone: 0800 TOP OGR | www.eastpack.co.nz 8 6 7 6 4 7

WORLD CLaSS ORCHaRD TO MaRkET

Anthony Pangborn Technical Manager - Fruit Quality

OperationalEfficiency

Packing

Shipping

Harvest

In- market

Cure

Growing

CoolStorage

Loadout

Our commitment to fruit quality begins on orchard and goes all the way through to the market

greenfrUiTLoss

2006

–

2007

–

2008

–

2009

–

2010

–

2011

–

2012

–

12%

10%

8%

6%

4%

2%

0

EastPack Industry


Serious CapacityEastPack has the largest post harvest fruit processing facility In the Southern Hemisphere. Our daily packing capacity of >450,000 trays is further enhanced by 34 modern Controlled Atmosphere (CA) rooms. This means your fruit can be packed as soon as its ready.

Class 1 RecoveryWe understand the importance of maximising Class 1 packout for our growers. EastPack operates a Class 1 recovery system where graders are positioned on Class 2 belts to ensure all fruit has every opportunity of reaching a Class 1 tray.

financial Performance

a strong balance sheet and operational efficiency contributes to EastPack’s on-going financial stability

Paid to Transactor Shareholder Growers in June 2013 EastPack’s 20¢ per tray rebate gives your bank account a boost just when you need it most.

Independently Verified ResultsIt’s important to know how different post harvest operators calculate their OGR results. We aim to be totally transparent with how we calculate and publish our OGR so have asked an international accountancy firm to independently verify them.

We can also arrange for your own results to be similarly audited to make it easier for you to make accurate and relevant OGR comparisons.

Low Company DebtEastPack has been able to keep debt well below many others in the industry. Growers can be confident in the financial stability of the company. This enables Growers to enjoy the most competitive post harvest charges in the industry.

How do we stack up?

20CPER TRAY REBATE

DebTPerTray

2006

–

2007

–

2008

–

2009

–

2010

–

2011

–

2012

–

(F)

$2.0

$1.6

$1.2

$0.8

$0.4

$0.0


$ $$

$$

EastPack (F) Forecast

OGRLeading the field year-in, year-out

at EastPack your ogr is our number one priority and we’re proud to consistently lead the industrygreenogrPerTray

Grower Revenue

2006

–

2007

–

2008

–

2009

–

2010

–

2011

–

$5.00

$4.50

$4.00

$3.50

$3.00

2008

–

2009

–

2010

–

2011

–

$7.50

$7.00

$6.50

$6.0

GOlD OGr PerTray

$11

$10

$9

$8

$7

$6

$10.14

$7.01

$9.98

$6.13

2008

–

2009

–

2010

–

2011

–


$4.68

$4.33

DEC

20

12 –

(F

)

DEC

20

12 –

(F

)

D

EC

2012

–

(F)

EastPack

EastPack

Industry

Industry

(F) Forecast

(F) Forecast

organicogrPerTrayEastPack Industry (F) Forecast

100 Grower Owned

“All Growers share in the company’s success”

tony Hawken EastPack CEO

Te Puke

Coromandel

Katikati

Hawke’s Bay

Edgecumbe

Sth Auckland

OpotikiWaikato

Not only do 100% of profits get returned to Growers, but Growers contribute a great deal to the on-going success of the company.

Our experienced and skilled staff throughout Te Puke, Edgecumbe, Opotiki, Katikati, Waikato, Hawke’s Bay, Coromandel and South Auckland put Growers at the heart of everything they do.

EastPack is the only post harvest operator that is owned by all of its growers

growernUMbersIn 2012 EastPack were pleased to welcome 55 new grower kpin’s into the company. When surveyed, these growers sited the following reasons as influential in their decision to join EastPack:

1. They liked the Grower-Owned structure.

2. Family and friends had spoken highly about EastPack’s service and expertise.

3. They were impressed with how modern and efficient the Packhouse appeared during a site visit.

4. They had compared packing charges with other facilities and found EastPack to be the most competitive.

5. After reviewing alternatives EastPack’s OGR performance was superior to the others.

250%

200%

150%

100%

50%

0%

-50%

2000

–

2001

–

2002

–

2003

–

2004

–

2005

–

2006

–

2007

–

2008

–

2009

–

2010

–

2011

–

2012

–

%increaseincLass1TraysUbMiTTeDvoLUMes

oo


EastPack Industry

EastPack shareholding in a nutshell

EastPack has two types of shares:

Transactor Shares

For 2013, all Transactor trays will receive 20 cents per tray rebate, payable no later than 20 June 2013.

Growers packing with EastPack for the first time in 2013 will need to purchase one share ($1.00) prior to packing.

There will be no share call on Transactor shares for the 2013 packing season.

Any further profit distribution will be decided by directors after 20 June 2013.

Investor Shares

Dividends paid over the past few years have ranged from 13 cents to 15 cents (in 2012) gross per share.

For full details about these shares refer to EastPack’s Investment Statement, available from our website.

1.

2.

rebaTereTUrnsTogrowers

100 Grower Owned

oo

.35

.30

.25

.20

.15

.10

.5

0

$0.20

2006

–

2007

–

2008

–

2009

–

2010

–

2011

–

2012

–

$ p

er t

ray

100%

80%

60%

40%

20%

0

growersaTisfacTionsUrveyContinuous improvement in satisfaction year after year.

2010 2011 2012


2013

–

(F)

(F) Forecast

Experienced Support and Technical adviceEastPack has an experienced, knowledgeable and technically focussed Service Team and with 1 Service Rep to every 900,000 trays you can feel confident that we will be there when you need us.

field DaysIn order to communicate new research findings, technical concepts and to demonstrate new orchard practices EastPack holds regular field days, workshops and seminars. These EastPack events are excellent opportunities to discuss, learn and improve orchard performance.

Structured Orchard VisitsEach season EastPack growers receive 6 Structured Orchard Visits (SOV’s) which address up-coming orchard based activities at critical times. This assists growers in their seasonal planning in pursuit of outstanding production.

Management Lease OptionsWe offer highly skilled and cost-effective orchard management and lease services which can be tailored to specific Grower requirements.

Maximise orchard production and profit

David, Jacki and Braden are part of our 25 strong Grower Services, Orchard Management and Technical Team.

TechnicalExpertise


welcome to eastpack

Documents

ogr results

tray rebate

low packing costs

world class orchard

importance of maximising

lowest packing price

relevant ogr comparisons

reduced post harvest