James Brett, Managing Director, Brett. Nov. 2013

James J Brett Managing Director

GROUP

Brett

Brothers Ltd Sunglen Oakpark

Brett Brothers

(Trading) Ltd

New Store STORE

EMPLOYMENT

TOTAL EMPLOYED 135 SUPPORT STAFF 15 TOTAL 150

55

13

67

• Feed 130,000 Tonnes

• Barley & Wheat 50,000 Tonnes

• Oats 13,000 Tonnes

• Fertilizer 20,000 Tonnes

MILL

130,000 Tonnes / Year

80,000 Ruminant

50,000 Pig

3,000 Customers

10 Counties

CENTRES OF EXCELLENCE

NUTRITION & AGRONOMY

• QUALITY • CUSTOMER RELATIONS • SERVICE • VALUE FOR MONEY • TRUST

DAIRY

Harvest 2020 +50% On Farm Growth Green Field 2 large cereal Farms converted Sucklers Our Vision

To Complement top class grass management with nutritional solutions

NUTRITION / AGRONOMY

INNOVATION EFFICIENCY COST CONTROL

50,000 Tn GRAIN INTAKE V 35,000 Tn CAPACITY

NEW STORE 20,000 Tn NEW GRAIN TREATMENT PROCESS COMPUTERISED ACID TREATMENT OR DRYING

COST €3.5M

CHALLENGES

CREDIT SEASONAL CREDIT MILK CHEQUE GRAIN HARVEST

MILLING DIVISION €10M @ Peak TILLAGE DIVISION € 6M @ Peak “CASH IS KING” TRUST CONFIDENCE KNOWLEDGE CREDIT INSURANCE? EXPENSIVE DON’T LIKE SOLE TRADERS CRO BANK OF IRELAND FINANCIAL INSTRUMENTS THAT RECOGNISE INTEGRITY OF FARMER

PRICE VOLATILITY

COMMODITY PRICES

Jan 2012 Sept 2012 June 2014

Hypro Soya 290 550 390

Rape Meal 195 320 270

Maize 205 280 190

Barley 195 235 190

Wheat 200 255 215

COMMODITY PRICES

Jan 2012 Sept 2012 June 2014

Hypro Soya 290 550 390

Rape Meal 195 320 270

Maize 205 280 190

Barley 195 235 190

Wheat 200 255 215

• Leading producer of retail bacon joints and rashers for the Irish and British Markets

• €2.5M investment since 2011

– Focused primarily on yields & efficiencies

– Automation

• Currently Producing:

– Over 100 packs of rashers PER MINUTE

– Over 30 packs of Bacon Joints / Ham Fillets PER MINUTE

– Curing over 65KG of Pork PER MINUTE

Customer Base

• LIDL UK – Hazelmede Farm Brand

• LIDL Ireland – Glensallagh Brand

• ALDI Ireland – Natures Isle & Brannan’s Brands

• MUSGRAVES – Superquinn Brand

• DUNNES STORES – Oakpark Brand

• Tesco – Oakpark Brand

• LONDIS / COSTCUTTER

• PALLAS FOODS – Foodservice Partner

PIG INDUSTRY

7,500 JOBS

90-00 Avg.

01-05 Avg. 2006 2007 2008 2009 2010 2011 2012

Pig Price (C/Kg ) 140 135 147 139 152 145 140 151 166 Feed Cost (C/Kg) 90 83 84 97 113 94 93 112 123 Margin Over Feed 51 53 63 42 39 51 47 39 43

Figures courtesy of Teagasc

HERD 1500 SOWS

Litters / Sow / Year 2.3 Born Alive / Litter 13.2 Pigs Sold / Sow / Year 26.0 Pigs Sold / Year 39,000

GLOBAL PIG PERFORMANCE TABLE IRELAND ↓ NEW JOINT PROGRAMME 10c/Pig Statutory Levy New Pig Unit Moorepark 2 Extra Research Workers 2 New Advisors

SOW WELFARE REGULATIONS

LOOSE SOW HOUSING €1.0M

“INNOVATION”

HEAT PUMPS €120,000 AIR TO WATER SAVING €45,000 / YEAR

COMPLIANCE

• Department of Agriculture • Bord Bia • Kilkenny County Council • Tipperary South County Council • Waterford County Council • Food Safety Authority • H.S.E. • UFAS • BRC • Road Safety Authority • Insurance Companies • 10 Supermarket Multiples

FUTURE PLANS 200,000 TONNE MILL €30M SALES 50,000 PIGS PER YEAR