Strategic rationale for the acquisitions

A leading national platform. Superior Food is one of the three largest national players in the Australian Foodservice market National platform¹ One of three largest players Strong national platform. 23 branches across Australia, providing >95% coverage of the states and territories it operates in Highly fragmented market with more than 600 players National platform provides basis to serve a larger addressable market and extract operating efficiencies QLD 7 branches WA 3 branches SA 1 branch NSW 8 branches VIC 2 branches TAS 2 branches ~80k sqm Facility network ~670k drops p.a. by ~290 vehicles ~1,300 Employees Other, 69% SFG 6% Player 1 13% ~$21bn TAM² Player 2 12% Larger addressable market Procurement Route economics Long-tail (600+) of smaller players supporting M&A opportunities Talent acquisition Source: Superior Food management estimates Circles on the map represent Superior Food's network of branches and shipping operations across 27 locations. TAM refers to the "Total Addressable Market" of the Australian foodservice industry (excluding liquor) in 2023F as estimated by Superior Food management. 1. 2. Metcash NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES Technology 27

View entire presentation