whats wrong, page-2

CSR LIMITED
9 Help Street Chatswood
NSW 2067 Australia
T +612 9235 8000
F +612 9235 8055
E-mail [email protected]
www.csr.com.au
ABN 90 000 001 276
7 September 2006
Manager Companies
Company Announcements Office
Australian Stock Exchange Ltd
Level 6, Stock Exchange Centre
20 Bridge Street
Sydney NSW 2000
Dear Sir
Information is released to the market as follows:
Outlook
At its Annual General Meeting in July CSR advised that as long as sugar prices remained
reasonably strong, it expected group earnings before interest and tax for the year ending
March 2007 to be around 10% ahead of last year.
Since July sugar prices have fallen by around 25% and there has been a continuation of the
unseasonable wet weather that delayed the start of crushing and has depressed sugar content.
In the past few days widespread rain across growing areas has disrupted harvesting. The
Herbert region in particular has experienced rainfall in excess of 500mm (20 inches) in some
areas and harvesting continues to be disrupted.
Given these circumstances it now looks unlikely that CSR will achieve the improved profit
outcome previously expected. Around one third of CSR’s 2006 sugar exposure remains to be
priced and the final profit outcome remains dependent on weather conditions for the balance
of the crushing season through to mid December and on world sugar prices over the coming
six months.
Analysts’ presentations
Attached is a copy of a presentation to be made to analysts today on CSR’s sugar business.
Today’s presentation on the world sugar market by John Barneby, Chairman C. Czarnikow
Sugar Limited is being lodged as a separate filing.
Yours sincerely
G J Hughes
Company Secretary