#1EDWARDS CROSSING BESTON GLOBAL FOOD COMPANY INVESTOR PRESENTATION BESTON GLOBAL FOOD COMPANY FY22 - Full Year Results & Way Forward Leadership Team Session Update#2About Us Beston Global Food Company (ASX:BFC) is a leading and proud South Australian Food, Beverage & Nutritional company. For the past 10 years, we have consolidated ourselves as the largest Dairy processor in South Australia, processing approximately 30% of the State's milk production. We extract maximum value from every drop of milk, in the most sustainable way possible. BESTON COMPANY GLOBAL FOOD 1#3Key Takeaways from today 8 ง We have a new management team with over 100 years of combined experience in the Dairy Industry. We have continued to grow our milk supplies, and our product mix today is high value and high returning. We have delivered record sales in FY22, and we are on track for accelerated and profitable growth in FY23. + $ Balance sheet is now "reset" following our capital raise, with gearing levels down to 39% (debt/equity)*. Strong sales and cash flows are set to continue to improve our position. Our vertical integration strategy is on track, and we have produced 15tons of Lactoferrin in FY22 and on track to be close ahead in FY23. Record breaking Mozzarella, Whey and Cream production levels also being achieved (+): Lactoferrin sales on track and all expected production for FY23 now pre-sold to local and international customers. Strong customer alignment and partnerships in place together with market access to premium International markets like China, Thailand, Japan and South Korea Thanks to our people, BFC has navigated through the difficult times of Covid-19 and is emerging a stronger, more resilient, stable and successful company. We have a solid foundation for continued success into the future. (*) As per investor presentation detailed in October/2022 BESTON GLOBAL FOOD COMPANY 2#4Our Financial Performance A year in review FY22#5We have delivered record operating performance across several leading indicators Production and revenue increases enabled by strong operational performance and increased Lactoferrin sales Milk supply (ML) Mozzarella production (KT) ~+7% 15.0- 146 150 155- 175 15.0 16.0 12.2 103 111 9.1 90 1.2 4.4 FY18 FY19 FY20 FY21 FY22 FY23G FY18 FY19 FY20 FY21 FY22 FY23G ✓ Contracts secured to supply min 155 ML in FY23 Lactoferrin production (T) ✓ Higher-margin mozzarella production driving growth Group sales revenue ($ million) Nil 0.3 4.0 1.4 FY18 FY19 FY20 FY21 150- 16.0 16.0- 19.0 180 139 112 90 75 43 FY22 FY23G FY18 FY19 FY20 FY21 FY22 FY23G ✓ Step-change in lactoferrin production Volume growth and transition to higher value products BESTON GLOBAL FOOD COMPANY 4#6Key FY22 Results BFC has delivered a strong operational performance in FY22. The trading results have been impacted by the effects of COVID-19 rising Supply Chain costs and delayed sales of Lactoferrin Group Sales $139m Milk Supply 150mL Group Gross Margins Up 24% vs FY21 Up 4% vs FY21 5.8X vs FY21 Mozzarella Production Lactoferrin Production Dairy Revenue / litre of milk Up 22% s FY21 8X vs FY21 Up 20% vs FY21 EBITDA ($20.6m) Trading NPAT ($22.9m) 21% improvement on FY21 7% improvement on FY21 NPBT ($25.7m) 12% improvement on FY21 BESTON GLOBAL FOOD COMPANY 5#7• FY22 Group Results Impacted by non-recurring costs & demand issues, now addressed in FY23 5.00 -5.00 -10.00 -15.00 -20.00 0.8 2.0 -22.9 -25.00 -25.7 -30.00 Reported FY22 NPBT PFG impairment 1.9 3.0 1.7 1.7 3.7 14.3 • • One-off legal costs Trading results Milk variances Plant performance Lactoferrin sales Lactoferrin sales foregone accounted for $14.3m variance (but FY23 sales locked away) Demand/COVID-19 PFG operations FY22 Baseline NPBT Milk variances ($3.0m) expected to diminish on the back of improved milk supply pricing in FY23 Operational issues and COVID-19 related challenges ($5.6m) not expected to reoccur in FY23 PFG results to improve given renegotiated pricing for FY23, and operational improvements • BESTON COMPANY 'GLOBAL FOOD 6#8A strong start in FY23 Q1 Highlights#9A strong start in FY23 - Q1 Highlights Group Sales . $46.6M • Up 49% year-on-year (vs. Previous Corresponding Period) • . • Milk Volume 36 ML • Group Gross Margin Up 3.1X Very strong demand for the entire Company's dairy products across a multitude of geographies Sales mix more broadly spread across Domestic and Export customers Strong focus on driving sustainability initiatives, ROCE growth, further exploiting our dairy nutraceutical and plant-based production capabilities and pursuing vertical integration opportunities • Up 3% on Budget but we are monitoring • We are defying the national and SA State-wide trend. Australian national Dairy production has continues to decline We have now experienced an early peak of milk intake (October) given the wet weather conditions across the State. • Up 3.1X year-on-year (vs. Previous Corresponding Period) . Lactoferrin sales strong. Sold >5tons in Q1 and all FY23 production pre-sold (pricing strengthening) Pricing reviews across Mozzarella portfolios continue (Dairy Australia pricing reference continues to increase) Group delivered both EBITDA and NPAT positive outcomes at the end of Q1 FY23. Q2 FY23 sales momentum being kept and BFC on track to meet guidance and top end of our sales forecast. BESTON GLOBAL FOOD COMPANY 8#10Strong business fundamentals and new customer partnerships underpins our reaffirmed FY23 guidance We reaffirm our FY23 Operating Guidance Measure FY21 Actuals FY22 Actuals Variance to FY21 Actuals FY23 Guidance Variance to FY22 Actuals Milk Supply ML 146 151 +4% 155 - 175 +9% Mozzarella MT 12,150 14,821 +22% 15k - 16k +5% production Lactoferrin MT 2 16 +862% 16 - 19 +10% production Group Sales $M 112 140 +25% 150-180 +18% EBITDA $M -24 -18 +25% 8 - 10 ↑ significant Revenue per litre of $/1 0.77 0.84 +9% 1.00 -1.15 +28% milk Capex $m 17 5 +70% 6-8 +40% BESTON COMPANY GLOBAL FOOD 9#11Capital raise is now largely completed and is set to reset balance sheet and accelerate transformational growth for BFC Three-part strategy to accelerate growth, revenue, and earnings, while consolidating our position as South Australia's largest and leading dairy company. We have raised $28.2M to pay down debt to enhance profitability, expand capacity to grow sales, execute projects that will optimize operations and continue to grow gross margins. 1. Retire debt and reset balance sheet to enhance profit and pursue future growth. 2. Expand innovation and leadership in the bioactive protein and nutraceuticals space. Grow Lactoferrin and accelerate Immunoglobulins (IG) commercialisation. Notes: (1) Up to $27.3m of commitments has been contractually agreed with new and existing shareholders. 3. ROIC projects to drive profit and sustainability improvements. Vertical integration of cheese processing to enhance portfolio and margins BESTON GLOBAL FOOD COMPANY 10#12Offer Timetable Event Placement opens Placement closes Announcement of Placement and Entitlement Offer Placement Shares settlement date Placement Shares allotment date Quotation of securities issued under the Placement and commencement of trading Entitlement offer "Ex" date Record date Offer booklet and personalised Acceptance forms dispatched Entitlement Offer opens Entitlement Offer closes Allotment of new securities issued under the Entitlement Offer Announcement of results of the issue Quotation of securities issued under the Entitlement Offer Date Monday, 17 October 2022 Tuesday, 18 October 2022 (at 5pm, Sydney time) Wednesday, 19 October 2022 (Pre-open) Tuesday, 25 October 2022 Wednesday, 26 October 2022 Thursday, 27 October 2022 Thursday, 27 October 2022 Friday, 28 October 2022 Wednesday, 2 November 2022 Wednesday, 2 November 2022 5pm on Thursday, 24 November 2022 Thursday, 1 December 2022 Thursday, 1 December 2022 Friday, 2 December 2022 BESTON GLOBAL FOOD COMPANY 11