1. BFAP Agricultural Outlook Cattlemans Conference 2015 Ferdi Meyer & Tracy Davids

2. How important is red meat?

3. 3 2030: An optimistic view? Inputs? Markets? Profitability?

4. BFAP: Your partner in decision-making ?

5. The pendulum Due to biological nature of production, the pendulum effect is by far the biggest in agriculture SOME WE CAN MEASURE ……..SOME WE CAN’T

6. Overview: Domestic Drivers Slowing population growth rate Continued positive but sluggish income growth Depreciation of the Rand against the U.S.D

7. Driver: Population

8. Youth bulge population (StatsSA Census 2011 in brief) Dynamics in the SA consumer environment: AGE DISTRIBUTION

9. Overview: Real GDP per Capita

10. Dynamics in the SA consumer environment: CLASS MOBILITY +25% +69% +99% +82% +68% +22% -85% -21% -59% -72%

11. Exchange rate forecasts

12. …..international markets

13. Livestock numbers - Beef

14. Livestock numbers - Pigs

15. Livestock price outlook

16. Maize price outlook

17. Feedlot dynamics – RSA vs. USA

18. Meat consumption Outlook 14%

19. China - more uncertainties IHS Global Insight have Chinese real GDP growing at 7% on average over the next 10 years From $7.5 trillion to $14.9 trillion in 2010 dollars Say that was 8% instead, would add an additional $260 billion Equivalent of an Ireland or Algeria

23. …..what does all of this mean for our market??

24. Meat Consumption Growth 34% 20% 15% 41% 27% 12% 81% 33% 53% -17%

25. Feedlot standing stock

26. Cattle slaughters

27. Meat Prices (R/kg) NominalReal

28. Feedlot economics

29. Maize and parity

30. SA field crops area Canola Sunflower Wheat Winter Wheat Summer Soybeans White Maize Yellow Maize Barley

31. Soybeans and parity

32. Soybean processing

33. …..and in the long run??

34. SADC Regional Potential

35. Africa – Growing Investment

37. BARD - Expanding into Africa Zambia RSA Malawi Tanzania Mozambique Kenya DRC Botswana Zimbabwe Namibia Angola Uganda Rwanda

38. End! Visit us at www.bfap.co.za