2022 Annual Results

Group performance by region Asia Pacific Volume ('000 MT) 1,370 From 1,386 Revenue ($ million) 7,879 From 7,110 ✦ Gross margin 15.6% From 16.8% AMENA Volume ('000 MT) 1,355 From 1,352 Revenue ($ million) 8,612 From 7,304 Gross margin 13.2% From 12.4% ↑ Greater China Volume ('000 MT) 1,029 From 1,176 Revenue ($ million) 6,660 From 6,312 ↑ Gross margin 13.0% From 13.2% $ million ■2021 2022 1,195 1,227 305 237 Gross profit EBIT Fonterra Dairy for life 1,137 904 836 866 527 336 403 432 Gross profit EBIT Gross profit EBIT Note: Figures are for the year ended 31 July. Does not add to Total Group as shown on a normalised continuing operations basis and excludes unallocated costs and eliminations. 39

View entire presentation