Investor Presentaiton

1. 2. Earnings profile UNDERLYING EBITDA (1,2) ($M) ■Malt Oils ■Allied Mills ■Grains ■Corporate UNDERLYING NPAT(1) ($M) 293 256 235 390 269 69 69 FY14 FY15 FY16 FY17 FY18 FY19 95 55 142 71 53 45 (82) FY14 FY15 FY16 FY17 FY18 FY19 1H 166 136 134 236 119 29 1H 19 2H 127 99 122 154 150 40 40 2H 34 10 Totals represent EBITDA and NPAT before significant items. Inclusion of Allied Mills (NPAT) until FY16. Bar chart reflects business unit proportions of EBITDA. 61 35 32 100 36 (48) 21 10 21 42 35 (34) GrainCorp 6

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