2022 Annual Results

AMENA channel performance Ingredients Volume ('000 MT) 895 From 912 Revenue ($ million) 6,899 From 5,784 ↑ Gross margin 11.4% From 9.2% ↑ Foodservice Volume ('000 MT) 73 From 61 ✶ Revenue ($ million) 411 From 338 Gross margin 7.3% From 12.4% Consumer Volume ('000 MT) 387 From 379 ✶ Revenue ($ million) 1,302 From 1,182 Gross margin 24.7% From 27.7% $ million 2021 ■2022 786 534 Fonterra Dairy for life 442 328 321 89 211 42 30 15 (4) 110 Gross profit EBIT Gross profit EBIT Gross profit EBIT Note: Figures are for the year ended 31 July. Does not add to Total Group as shown on a normalised continuing operations basis and excludes unallocated costs and eliminations 44

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