Buhler Industries Reports Results for FY15

Winnipeg, Manitoba (TSX:BUI)  December 29, 2015

Revenue

Revenue for the year was $245.7 million, down $79.8 million from $325.5 million reported in

2014. Weak commodity prices and the unstable political environment in Eastern Europe

continue to contribute to reduced sales levels for the Company. Sales in Canada were flat over

2014, whereas sales to the US and Eastern Europe have declined significantly.

Year ending September 30, 2015

Year Ago

Revenue (millions) $245.7 $325.5

Net (loss) profit (millions) ($5.3) $12.5

Net (loss) profit/share ($0.21) $0.50

Shares issued (millions) 25.0 25.0

Net Earnings Down for the Year

The net loss for the year was ($5.3) million, compared with last year’s profit of $12.5 million.

The decrease in margin was the main driver, along with lower gains in foreign exchange and

higher selling and administration costs. Partially offsetting the losses were gains resulting from

decreased amortization from reduced capital spending, lower interest expenses resulting from

the repayment of long term debt and recoveries of income taxes relating to prior years.

Looking Forward

Demand for agricultural equipment is expected to be weaker in 2016 as a result of lower

commodity prices and this will continue to have an unfavorable impact on Buhler sales and

profitability in 2016. Export sales to Eastern Europe have also been negatively impacted by

lower commodity pricing and general economic uncertainty in the region. During the year,

inventory levels have dropped and are expected to drop again in 2016. Gross margin and

operating margin are expected to be lower due to lower sales and production volumes. In

addition, increased competition for equipment sales will lead to lower margins due to

additional sales programs being added, however, the increased strength of U.S. dollar in 2016

will provide some relief to the declining margins.

Contact: Willy Janzen, Chief Financial Officer

Phone: (204) 654-5718

E-mail: wjanzen@buhler.com

Complete financial statement: http://www.buhlerindustries.com/investors/reports/buhler-2015-q4.pdf

Trading symbol: BUI