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Investor Presentaiton

Produce Segment - Category Highlights Citrus Berry 1H revenue marginally below (-1%) pcp. Table grape yields affected by downy mildew which also affected quality. Citrus season was circa three weeks behind starting, with approx. 600k less cartons sold in 1H as a result. 2PH Amorette harvest completed in June, with invoicing and revenue booked in 2H. Early season fruit was well received in export markets. Deterioration in outlook for later season 2PH fruit quality contributed to by CY22 weather impacts. This has included the Murcott mandarin crop. Southern region forecast season volumes downgraded and fruit size affected due to La Nina overhang. 2PH and southern region issues contributing to current estimated full year EBITDA-S category impact of circa $30m. Revenue was +12% vs pcp. Challenging period over Q1 of Tasmanian season with crop timing and competitive industry wide volumes pushing prices lower, but overall positive volumes for the 1H. FNQ season saw favourable yield and pricing. Blueberry volumes were +26.1% vs pcp, underpinned by volumes from Tasmania and FNQ, which offset lower volumes from Tumbarumba (southern NSW). Raspberry volumes were +37.2% vs pcp, supported by a strong Tasmanian crop although high industry volumes suppressed average pricing vs pcp. +20% YTD 2PH sales split 1H Arana exports per kilogram return vs pcp 38% 62% Export ■ Domestic costa well grown 1HCY23 Results Presentation >50% of all domestic blueberry plantings now in substrate 12 1. Premium includes Arana and Delight varieties
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