Investor Presentaiton

1H23 CORE POULTRY AVERAGE SELLING PRICES STRONG AVERAGE SELLING PRICE (ASP) GROWTH Strong price growth reflects successful execution of price increases across all customers and channels in response to input cost pressures, and tightening in poultry supply and demand balance Variations in ASP over time reflect both customer pricing changes and changes in channel and product mix Group core poultry ASP has grown strongly, increasing 8.5% versus the prior corresponding period, and +10.7% versus 2H FY22 Monthly Group core poultry ASP has recovered strongly from 3Q FY22 lows, increasing 18.8% between January - December 2022 1H23 Australian core poultry ASP growth was 8.6% vs PCP while NZ core poultry ASP (in NZD) increased 13.0% over the same period (NZ ASP grew 7.4% in AUD terms) INGHAM'S Always Good $/kg $6.50 1H23: AU$5.79 $6.30 1H22: AU$5.33 $6.10 $5.90 $5.70 $5.50 $5.29 $5.30 $5.10 $4.90 $4.70 $4.50 Dec 21 Jan 22 Feb 22 Group Mar 22 Apr 22 May 22 Jun 22 Jul 22 Aug 22 Sep 22 Oct 22 Nov 22 Dec 22 CORE POULTRY AVERAGE SELLING PRICES 1H23: AU$5.83 1H22: AU$5.37 $5.99 17090 $5.33 Australia Jan 22 Feb 22 Mar 22 Apr 22 May 22 Jun 22 Jul 22 Aug 22 Sep 22 Oct 22 Nov 22 Dec 22 1H23: NZ$6.05 1H22: NZ$5.35 $6.00 $5.34 New Zealand ■NZD AUD Dec 21 Jan 22 Feb 22 Mar 22 Apr 22 May 22 Jun 22 Jul 22 Aug 22 Sep 22 Oct 22 Nov 22 Dec 22 $6.29 10

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