FY23 Financial Performance and Market Strategy

EXECUTIVE SUMMARY INGHAM'S Always Good FY23 results demonstrate the breadth and momentum of our operational recovery Recovery underpinned by the progressive return to operational stability Revenue increased 12.2%, NPAT increased 72.1% and Underlying EBITDA pre AASB 16 increased 35.8% on PCP Strong 2H earnings run-rate provides platform for earnings growth Continued improvement in safety - TRIFR 4.8 (5.1 in PCP) Farming performance continuing to recover and supply chain conditions normalising Maintaining our long-term focus on operational efficiency Price increases implemented across key channels in response to cost inflation Price increases necessitated by the significant increase in costs, including feed, other commodity and key input costs Pricing of feed ingredients has stabilised and expected to remain elevated due to tight global supply Focus on ensuring pricing levels appropriately reflect ongoing feed, other commodity and general cost pressures Robust demand for poultry Market and consumer demand for poultry remains buoyant despite supply constraints impacting FY23 growth Investing in business capability, capacity and resilience Results support continued investment in our network and automation to meet current and future consumer requirements Capital management Leverage returned within our target range at 1.4x Fully franked final dividend of 10.0 cps, delivering a full year payout of 75.8% of Underlying NPAT 3

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