FY23 Financial Performance and Market Strategy

FY23 CORE POULTRY NET SELLING PRICES IMPLEMENTED PRICE INCREASES ACROSS ALL CHANNELS AND CUSTOMERS ■ NSP growth reflects implementation of price increases in response to input cost pressures, and tighter poultry supply / demand conditions Group core poultry NSP increased 12.8% versus PCP (+6.0% on 1H23) FY23 Australian core poultry NSP growth was 13.0% vs PCP while NZ core poultry NSP (in NZD) increased 14.0% over the same period (NZ NSP grew 11.1% in AUD terms) Variations in NSP over time reflect both customer pricing changes and shifts in channel and product mix QUARTERLY CORE POULTRY NET SELLING PRICES ($/KG) Australia Group FY23: AU$6.00 +13.0% FY22: AU$5.31 $/kg $7.00 FY23: AU$5.96 +12.8% $6.75 FY22: AU$5.28 $6.50 $6.25 $6.00 $5.75 $5.50 $5.25 $5.00 $4.75 $4.50 $4.25 1. New Zealand dollars 4Q FY20 1Q FY21 2Q FY21 3Q FY21 4Q FY21 1Q FY22 2Q FY22 3Q FY22 4Q FY22 1Q FY23 2Q FY23 3Q FY23 4Q FY23 4Q FY 20 1Q FY21 2Q FY21 3Q FY21 4Q FY21 1Q FY22 New Zealand FY23: NZ$6.23 +14.0%¹ FY22: NZ$5.46 INGHAM'S Always Good 2Q FY22 3Q FY22 4Q FY22 1Q FY23 2Q FY23 3Q FY23 4Q FY23 4Q FY20 1Q FY21 2Q FY21 3Q FY21 4Q FY21 1Q FY22 2Q FY22 3Q FY22 4Q FY22 1Q FY23 2Q FY23 3Q FY23 4Q FY23 10

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