SunVale Citrus Global Business Plan — Management & Governance

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Section 10 · 11 of 16

Management & Governance

SunVale is led by an experienced executive team spanning strategic, operational, financial, agricultural, export, processing and sustainability functions, the breadth required to run a large, integrated agro-industrial business.

10.1 Executive structure

Position

Responsibility

Chief Executive Officer

Strategic leadership and stakeholder relationships

Chief Operating Officer

Operations oversight across the value chain

Chief Financial Officer

Financial management, funding and controls

Agricultural Director

Farm and orchard operations

Export Director

International markets and offtake relationships

Processing Director

Factory and beneficiation operations

ESG Director

Sustainability, transformation and compliance

Table 10.1 Executive management structure.

10.2 Governance & controls

Delivering a R2.85 billion programme of this complexity requires institutional-grade governance. The Company will operate a board with independent representation, dedicated project-management and cost-control functions for the capital programme, robust financial reporting, and the covenant-monitoring and reporting infrastructure that development-finance lenders require. A debt-service reserve account and defined financial covenants (Section 13) provide the lender-protection framework.

NoteExecution capacity is the variable to underwrite

For a programme of this scale, delivered across five phases and multiple worksites, project-execution and cost-control capability is as important to the outcome as the commercial thesis. Development-finance diligence should test the depth of the project-management function, the procurement and contracting approach, and the governance around drawdowns and milestones. The phased structure and the established operating base mitigate execution risk, but it remains a central item for lender oversight.