Investor Presentaiton

ELDERS LIMITED Earnings Growth and Resilience Second highest EBIT result in the last 10 years notwithstanding volatility across several key markets First Eight Point Plan Achievement Second Eight Point Plan Achievement Baseline Year (EBIT) EBIT +37.5% EPS +735.2% ROC 25.7% EBIT +22.8% EPS +12.8% ROC 20.9% Bolt on acquisitions Titan Ag backward integration AIRR network Elders network 74.5 70.4 73.7 56.2 40.5 27.3 FY14 120.6 166.5 Third Eight Point Plan Achievement EBIT +17.0% EPS +13.6% ROC 21.6% 232.1 170.8 EXECUTIVE OVERVIEW Fourth Eight Point Plan 6 FY15 Acquisitions FY16 Acquisitions FY17 6 Acquisitions FY18 14 Acquisitions FY19 11 Acquisitions FY20 10 Acquisitions FY21 13 Acquisitions FY22 Acquisitions FY23 FY24 Growing our Acquisitive POP +2 +8 +4 +6 +20 +13 +10 +15 Seasonal backdrop 2015-2017 El Niño 1. 2. 3. 2017-2019 Drought 2019-2023 La Niña Bolt on acquisitions do not include acquisition growth from investments with no points of presence (e.g. Livestock in Transit ("LIT") Delivery Warranty, StockCo, Elders Insurance etc.) Growth in the underlying business is understated to the extent that the percentage of sales of own brand products has increased. The uplift in earnings from increased maturity in this strategy, for example, is applied to Titan AG despite being influenced and driven by the underlying business Average EBIT and EPS growth and average ROC over the Eight Point Plan period 2023 >>> El Niño 6

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