FY23 Financial Performance and Market Strategy

INVESTING IN THE BUSINESS INVESTING IN ENHANCING NETWORK CAPACITY, CAPABILITY AND EFFICIENCY Investing in automation Implementing higher levels of automation is a key element of our network analysis and planning INGHAM'S Acquisition of four waterjet cutters ($30M) and four modern leg deboning machines ($17M). Installation has commenced and will occur progressively into FY25 Delivering the next phase of our distribution network strategy In August 2022, opened a new temperature-controlled distribution centre in Truganina, Victoria Always Good In April 2023, our new 15,380sqm state-of-the-art and sustainably designed temperature-controlled distribution centre near Edinburgh Parks, Adelaide, commenced operations The facility has enabled the consolidation of existing distribution operations, bringing the remaining outsourced frozen storage and operations inhouse; expected to generate significant transport and freight efficiency savings Supporting future growth combined with environmental sustainability benefits Commenced construction in December 2022 of a new $15M water recycling and treatment plant at our Osborne Park, WA primary processing facility Provides capacity for future growth and strengthens local supply chain Upgrading Tasmanian processing facility and launch of carbon-zero certification in Tasmania The Federal Government awarded grant of $11 million ($3.3M received in FY23) to upgrade the Sorell, Tasmania, primary processing facility The grant will be invested in key plant upgrades as part of a landmark sustainability project, with works expected to commence in 4Q 2024 and completion by 2Q 2025 The upgrades will support future product innovation 25

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