2022 Annual Results

Fonterra™ Dairy for life Normalised EBIT 902 879 952 991 812 Reported EBIT Normalised Profit After Tax² 1,147 588 591 959 976 407 398 275 262 (17) 2018 2019 2020 2021 2022 EBIT ($ million) 2018 2019 2020 2021 2022 ■Reported EBIT ($ million) 2018 2019 2020 2021 2022 Normalised NPAT ($ million) Key financial metrics for Total Group FY22¹ Reported Profit After Tax² Capital Invested³ Leverage 659 599 1,022 583 161 724 608 617 4.6 4.3 3.3 3.2 2.7 124 525 63 30 (196) 861 106 600 545 587 (610) 419 50.1% 49.5% 44.2% 38.5% 42.4% 2018 2019 2020 2021 2022 ■Reported NPAT ($ million) 2018 2019 2020 2021 ■Capex Other 2022 2018 2019 2020 2021 2022 Gearing Ratio4 (%) -Debt to EBITDA (x) 1. Total Group figures for the year ended 31 July. This includes continuing and discontinued operations, and are on a normalised basis unless stated otherwise 2. Includes amounts attributable to non-controlling interests 3. Refer to Glossary for definition 4. Comparative figures are shown on a consistent basis with current year 22 22

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