Harvest Minerals : Corporate Presentation Q4 2022PDF, 988.57KB

A high margin, natural fertiliser producer & developer in Brazil

Corporate Presentation

Q4 2022

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Forward Looking Statements

The information in this presentation is an overview and does not contain all information necessary for investment decisions. In making investment decisions in connection with any acquisition of securities, investors should rely on their own examination of Harvest Minerals Limited (HMI or the Company) and consult its own legal, business and/or financial advisers.

The information contained in this presentation has been prepared in good faith by Harvest Minerals Limited, however no representation or warranty expressed or implied is made as to the accuracy, correctness, completeness or adequacy of any statements, estimates, opinions or other information contained in this presentation. To the maximum extent permitted by law, Harvest Minerals Limited, its directors, officers, employees and agents disclaim liability for any loss or damage which may be suffered by any person through the use or reliance on anything contained in or omitted from this presentation.

Certain information in this presentation refers to the intentions of the Company, but these are not intended to be forecasts, forward looking statements or statements about future matters for the purposes of the Corporations Act or any other applicable law. The occurrence of events in the future are subject to risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements to differ from those referred to in this presentation. Accordingly, Harvest Minerals Limited, its directors, officers, employees and agents do not give any assurance or guarantee that the occurrence of the events referred to in the presentation will occur as contemplated.

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Overview

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Rapidly Building Production & Sales At Flagship Project, Arapua

• Simple & cost-effective production - free digging, no waste mining, material crushed then ready for delivery & application
• Ideal location - surrounded by world's fastest growing agricultural jurisdiction with multi-mtpa market on the doorstep
• Growing sales - reached 2022 150kt target three months ahead of schedule

ESG Committed

• Minimum environmental impact
• First Brazilian company to be awarded The London Stock Exchange's Green Economy Mark
• Initiatives to become carbon free include a solar power facility

Focused On Growth & Profitability

• Actively marketing KP Fértil® beyond its immediate market
• Cashflow positive at an overall level, forecast to continue

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The Opportunity

Positioned to capitalise on the imbalance of fertiliser supply demand dynamics in Brazil

c.85%	The Brazilian	Brazil imported	+70%
of Brazil's fertiliser is	Ministry of	16.6Mt of fertilizers	of all fertiliser used
Agriculture aims to	Jan-May 2022,
imported making it	reduce fertiliser	16.5% more	in Brazil is applied to
vulnerable to	three crops,
market oscillations	imports to	compared to the	soybean, sugarcane,
c.45%
(Anda)	same period in 2021	& maize, which are
	by 2050	(Cargonave)	some of the major
			crops grown close to
Brazil is the world's	60%	Fertiliser prices have	Arapuá	Hectares
The global fertiliser
			(USDA)
3rd largest	more food needs to	risen nearly	market size is	Million
exporter	be produced by	30%	forecasted to reach
of agricultural	2050 to feed a world	since the start of	US$219.4bn
products but needs	population of 9.3	2022, following last	by 2028 up from
to produce 76%	billion	year's 80% surge	US$191.5bn in 2021
more grain & 41%	(FAO)	(May 2022, World Bank)	(Vantage Market Research)
more oilseeds in
2031 than it did in
2021 to meet
projected demand

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Major Crops by Cultivated Area (MHa) Surrounding Harvest Mineral

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Results

2022 is proving to be a breakout year

2022 YTD Sales

• YTD sales orders total 153,074 tonnes (YTD Q3 2021: 74,159 tonnes) a year-on-year increase of 106%
• Q3 2022 sales orders of 32,676 tonnes (Q3 2021:
  46,166 tonnes) as a result of change in buying tactics
• Healthy growth profit margins
• Exceeded its 2022 year-end sales target of 150,000 tonnes of KP Fértil®
• Buoyant fertiliser market conditions continuing
• Cashflow positive
• Robust Q4 2022 anticipated

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2022 Interim Results

Unaudited interim results for the six-month period ended 30 June 2022:

• Net cash inflows from operating activities of $693,207 (30 June 2021: net cash outflows $1,116,168)
• Loss after tax of $883,556 (30 June 2021: $1,067,707)
• Cash and cash equivalents at the end of the period of $2,414,039 (2021: $1,708,001)
• Gross profit of $1,582,149 (2021: $186,267)

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