Input Capital Corp. Monthly Update - November 2013

REGINA, Dec. 2, 2013 /CNW/ - Input Capital Corp. ("Input") (TSX Venture Exchange: INP) is releasing its monthly update for November 2013 summarizing canola deliveries and the acquisition of new multi-year canola streams.

Input owns a portfolio of ten multi-year canola streams from which it expects to receive 17,152 base Metric Tonnes ("tonnes" or "MT") of canola at an average cost of $79.05 per tonne. As these tonnes are delivered to Input, Input sells them at market prices. Through the end of November, Input has received delivery of 2,198 tonnes of canola, or 12.8% of anticipated FY2014 production, at an average realized price of $474 per tonne for the current year-to-date. These deliveries have pushed Input's revenues beyond $1 million for the current fiscal year.

Input is also eligible to purchase bonus tonnes from its farmer partners when crop yields are above historical averages. Bonus tonnes consist of 15% of any yield over 30 bushels per acre, and are purchased for the same average price of $79.05 per tonne.

"We are pleased to have surpassed the one million dollar revenue mark so soon," said President and CEO Doug Emsley. "As expected, our canola is being delivered into the country elevator network by our farmer partners and we will continue to generate revenue throughout our third and fourth quarters. The probability of receiving bonus tonnes in our first fiscal year shows the upside in our business and we look forward to our internally-generated free cash flow being put back to work into new streaming contracts this year."

Canola Deliveries

For the current year-to-date:

    Base Tonnes Sold
(MT)
% of FY14 Contracted
Base Tonnes (MT)
Average Realized
Price ($/MT)
Bonus Tonnes Sold
(MT)
  FY 2014 2,198 12.8% $474 12

 

As canola deliveries continue, Input is in the final stages of confirming crop results in order to forecast bonus tonnes and finalize its delivery schedule to various grain elevators across Saskatchewan and Alberta. Input expects to receive the remainder of its canola deliveries and accompanying cash payments by March 31, 2014.

Canola Streaming Contracts

Gord Nystuen, Vice-President Market Development, and Input's Business Development team continue to meet with farmers across the prairies as farmers begin plan for next year's growing season. As new streaming contracts are finalized, they will be summarized in these monthly updates. Input signed its first streaming contract in February of 2013.

Updated Corporate Presentation

Input has also updated its corporate presentation, which can be found on the Company's website at www.inputcapital.com .

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

About Input

Input is an agriculture commodity streaming company with a focus on canola, the largest and most profitable crop in Canadian agriculture. Input enters into canola streaming contracts with canola farmers in western Canada.  Pursuant to the streaming contract, Input purchases a fixed portion of the canola produced, at a fixed price, for the duration of the term of the contract.  Input is a non-operating farming company with a portfolio of ten canola streams, all of which produce canola and revenue for Input in the year the agreement is signed. Input plans to grow and diversify its low cost canola production profile through entering into additional canola streaming contracts with farmers across western Canada.

Input is focused on farmers with quality production profiles, excellent upside yield potential, and strong management. Input has completed canola streaming contracts in Northern Alberta, Western Saskatchewan and throughout East Central Saskatchewan.

Forward Looking Statements

This release includes forward-looking statements regarding Input and its business. Such statements are based on the current expectations and views of future events of Input's management. In some cases the forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "plan", "anticipate", "intend", "potential", "estimate", "believe" or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting Input, including risks regarding the agricultural industry, economic factors and the equity markets generally and many other factors beyond the control of Input. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Input undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

SOURCE: Input Capital Corp.

For further information:

Doug Emsley 
President & CEO 
(306) 347-1024 
doug@inputcapital.com

Brad Farquhar
Executive Vice-President & CFO
(306) 347-7202
brad@inputcapital.com


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