Input Capital Corp. Posts Record $12.0M of Adjusted Streaming Revenue in Q4 Surpassing 71,000 MT Sold in FY2017

REGINA, Oct. 11, 2017 /CNW/ - Input Capital Corp. ("Input", or the "Company") (TSX Venture: INP) (US: INPCF), is releasing its quarterly operations update for its quarter ending September 30, 2017, which provides a summary of capital deployed in the acquisition of new canola streams and a preliminary summary of canola sales during the quarter and year ended September 30, 2017. The final accounting of quarterly and year-end results will be published in Input's audited year-end financial statements and MD&A when these are finalized and released in due course.

"An early and generally smooth harvest has allowed Input to record its best quarterly adjusted streaming revenue since the fall of 2015," said President & CEO Doug Emsley. "Good weather contributes significantly to early canola deliveries, and this year's strong finish establishes a new record for streaming volume sold during a twelve month period.

"In terms of client acquisition, the July to September quarter has always been the slowest quarter, reflecting the seasonality of the agriculture industry. Now that harvest is wrapping up, our sales team is prepared for a busy new season signing up new streaming contracts and expanding relationships with current clients. Over the last year, we have seen a lot of growth – today we have over 300 active streams, up from just 112 last year at this time – and we anticipate another strong year of growth in FY2018."

Highlights from the fourth quarter ended September 30, 2017:

• Signed 11 streaming contracts for a total of $1.7 million in capital deployment during the quarter, adding 4 new producers and over 12,000 metric tonnes ("tonnes" or "MT") to canola reserves.
• Recorded $12.0 million of revenue on the sale of 25,333 MT of canola equivalent from streaming during the quarter, at an average price of $474 per MT.

Highlights from the fiscal year ended September 30, 2017:

• Signed 297 streaming contracts for a total of $36.8 million in capital deployment during the fiscal year, adding 199 new producers and over 300,000 metric tonnes ("tonnes" or "MT") to canola reserves.
• Recorded $34.0 million of revenue on the sale of 71,819 MT of canola equivalent from streaming during the fiscal year, at an average price of $475 per MT.

$1.7 Million in New Capital Deployment during Q4 Totalling $36.8M for the Fiscal Year

During the quarter, Input signed 11 canola streaming contracts for quarterly capital deployment of $1.7 million (compared to 10 contracts and $1.8 million in deployment in the same quarter last year).

Deployment in the quarter resulted in the addition of over 12,000 metric tonnes ("tonnes" or "MT") to Input's total active canola reserves bringing total reserves to 405,000 MT.

Of the 11 contracts signed in the quarter, 4 are with new clients in Saskatchewan and 7 contracts are renewals/expansions with existing clients. This brings Input's streaming portfolio to 301 active streams in Alberta (71), Saskatchewan (221) and Manitoba (9).

For the 2017 fiscal year, Input has signed 297 canola streaming contracts for total gross upfront payments of $36.8 million. This compares to 89 contracts signed for total upfront payments of $25.8 million during the same twelve month period last year, increases of 241% and 43%, respectively.

As of September 30, Input now has 301 active streams, compared to 112 at the same time last year, for a year-over-year increase of 169%. (Note that a "stream" is equal to a farmer, who may have more than one streaming contract with Input.)

A summary of historical capital deployment restated to fit with Input's September year-end is summarized in the table below:

$12.0 Million in Quarterly Canola Streaming Sales; Over 71,000 MT in Annual Volume

Input sold 25,333 metric tonnes ("tonnes" or "MT") of canola equivalent volume from streaming during the quarter at an average price of $474 per MT, for quarterly streaming sales of $12.0 million. This compares to 15,916 MT sold in the same quarter last year and represents Input's strongest quarterly streaming sales achievement since the fall of 2015.

An early harvest and mild weather supported Input's robust start to deliveries from the 2017 harvest. Strong canola sales are expected to continue through Q1 and into Q2 of the 2018 fiscal year.

For the year, Input sold 71,819 MT of canola equivalent volume from streaming for an average price of $475 per MT, representing a 33% increase in volume sold over the comparable twelve month period.

The following table summarizes canola equivalent sales for the current trailing twelve month period, compared to the previous trailing twelve month period:

Total Active Canola Reserves

The table below shows Input's Total Active Canola Reserves, which is the sum of all contracted canola streaming tonnes for all contract years on all active contracts, less canola streaming tonnes sold to date.

Notice Regarding Quarterly Operational Updates

This quarterly operational update will be the final such quarterly operational update published by Input. Starting in F2018, deployment and canola sales figures will be released in conjunction with quarterly financial results.

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 multi-year canola streaming contracts with canola farmers in western Canada. Pursuant to the streaming contract, Input purchases a fixed portion of the canola produced for the duration of the term of the contract. Input is a non-operating farming company with a diversified portfolio of canola streams, all of which produce canola and revenue for Input within a year of being 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 teams.

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.

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.