Investor Presentaiton

Earnings waterfall UNITED MMALT EARNINGS IMPACTED BY EXTERNAL FACTORS IN FY22, MOMENTUM BUILDING IN STRATEGIC PROJECT DELIVERY $m PRIOR YEAR ONE-OFF 6.5 137.9 4.3 3.1 124.0 7.3 IMPACT OF EXTERNAL FACTORS (51.7) (7.3) (1.7) STRATEGIC DELIVERY 4.5 ONE-OFF ITEMS 105.9 4.0 12.9 918 (13.3) (0.8) FY21 EBITDA Grantham Closure Transformation Costs SaaS FY21 Underlying FX impact EBITDA Canadian Crop- Quality & Inflation freight & energy Corporate costs Improved volume Scottish distilling Transformation & margin - UK/AU expansion net benefits FY22 Underlying SaaS Logistics EBITDA (before SaaS) Brewers Select impairment on sale FY22 EBITDA (after SaaS) Note: Refer to appendices for constant currency analysis 8

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