ArborGen Holdings Announces Interim Result

Tuesday 29th November 2022

The Board of ArborGen Holdings Limited (NZX: ARB ) is pleased to present the Interim Report for the six months ended 30 September 2022. All dollar values are in US currency unless otherwise stated.

Highlights for the Six Months to 30 September 2022:

- Harvested highest ever MCP cones in bushels in the US in November 2022, estimated to produce seed equivalent to over 200 million MCP seedling equivalents

- Very strong FY23 sales and margin growth in Brazil where ArborGen is the only company providing superior, proprietary genetics to pine and eucalyptus growers

- Execution of seedling supply agreements in the US with two well-funded, experienced companies with programmes to afforest (plant new forests) on pasture land or farmland designed to sequester carbon to help address global warming

- Expansion of ArborGen’s in-house container capacity across two existing owned sites underway, increasing ArborGen’s US in-house container seedling production from 12 to 20 million containerised seedlings per annum

- Acquisition of a 10 million capacity pine nursery located in Canoinhas, Santa Catarina, Brazil now complete

- New long term lease agreement commencing on 1 December 2022 for a nursery located in Martinho Campos, Minas Gerais, increasing ArborGen’s internal eucalyptus production capacity in Brazil to nearly 50 million seedlings per year

- Evaluation of additional opportunities for expansion in Brazil

Please see the attached pdf for the full report.

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