Investor Presentaiton

Western Australia has growth upside in farm sizes relative to competitors Western Australia can grow average farm size significantly and achieve more efficiency to match key competitor states' Average Fruit Farm Size Hectares, 2018 Average Vegetable Farm Size Hectares, 2018 Tasmania 17 Western Australia South Australia 20 20 28 28 New South Wales 30 Queensland Victoria 35 55 1. Subject to regional water availability. Source: ABS, Project analysis 57 New South Wales 18 Western Australia Tasmania South Australia Queensland Victoria 22 22 32 32 35 35 38 88 47 15

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