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    July 7, 2018
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Annual Report reflects boost to business Ior Blue Sky Meats performance over thepast year. When yoa see a result like this it to be in this position, made a lot of really helgs to bokter confidence ehanges soee of which have not and shows what a umall Southland orn easy at times but in shows coany ean acccesplish. hesaid where the conpany is today UNIQUELY SOUTHERN NEW ZEALAND A big thanks to meepaed to last year.hesald suppliers who hve stuck with usOne podtive year is never an even in some tough eceditions, ndentor on how the cveïng year and who continue to give us grea. w p> and, golnt foront we're feedbock about the ease ef working ceacentratieg on Rscreasing or SUT profitabslity and rebienon Now tS months in to the three year ue Sky Meats would look to implementation of the company's concentrate cn tbuiklind a Inniness maximising the value from each protitaelity and be more resilient to arcas this has emeratrd $69 estermal factors (such as cossmodity in tsiness with a net profit before tas of $37 million of additonal value which les and wewther patterns) An inpeessive performance and better financial, and botal vcoming position are the mults ofayeur ful# to Stos millin. this has resubrd in oe hard week and commitment, but srehokdlers Ibeing pail a disilend rapital lewestment Southland meat peooessor lue S l Se per share Meats ien'tresting on its lawrels has been achieved with minimalAfterag the year odthe additionaa opratingepne and rompany's Gam llant, the irakn has been male to sell the plant Ie's the prople at Blue Sky who Ths deeision was not made have made thispossitde and ' want to lightly tw' w0th the plant being non This total revenue k a 2% increase Releasing lts 2015 Annual Reportlast year, drven by Blue Sky thankeryone for their hand workational since late 2016 and the report highlights the congarMeats Stradegik Man and asourabletheunderstood why the changes Sous on investment in the Morton ingeoved position on 201 pming kconditions, and rendering hae een made and embsrwced the Mains plant, the boand fek this w to more chilied sales, a bette yicldmeuas the hizhest it has bo plan fully from each oareaSS And an Increse in in five years with income perunit renderirureturnsas the carien of the course of action for the Despite the consolidated position onng financial performanpe of the 80%andwkrw up 39% orlait year. Grave was niry of eelebration ahd eempaay Blue Sky Meats CDO Todd Grave mphasbed thee uas a lok of workChaman S Oonnell was pleased with the copanys and sald the mext Mep would be to reate a value addd fferentialed besinl ponon to further lscrease profitabslity. Ths would Include a foous on invessing in plant Infrastructure to reduce the Ending the 38 financial yearwadelighted with the compans aha company's environmental inpat We alreaaly o that being outhern New fealand, our pastues by our supplies but dur to the increasing nature of agriculture l New Zealand in gemeral there's a lot As a nation and as an indusiry,we oeed to be looking at ways of taking pressure off the ensironment while nill maklng sare we're coetinuing to be profitabde and achieving better We're a proud Southland business that values the hard work of our people and farmers. lue Sky Meats Anaual General Meeting will be hell on August 2 at Hiil Richanfson Transport World I BlueSkyMeats buesky.co.nz

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