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Halberd Capital Partners presents: Aurora Eggs Limited Preliminary CDD Briefing

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Aurora Eggs is New Zealand's #2 egg producer with FY24 revenue of NZ$84.6M

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The egg production supply chain starts with breeder flocks and hatcheries

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Day-old chicks are raised as pullets for 16-18 weeks before egg production

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Layers produce approximately 300 eggs annually with feed as 60-70% of costs

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New Zealand banned battery cages in 2022, retailers removing all cages by 2027

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Aurora has 70% colony cage exposure requiring NZ$8-10M conversion investment