Associated British Foods ESG Presentation Deck

AB Sugar 2030 Business Plan: commercially attractive ● ● ● 33 Already completed: 10% GHG reduction against 2017-18 baseline Project pipeline: further 20% GHG reductions by 2030 Assumptions: 60p/therm UK NBP, £50/t UK ETS >200 ktCO₂e reduction achieved at zero/low capex >500 ktCO₂e reduction: up to £100m cumulative capex Affordable and commercially attractive projects: all >15% ROI ABF Investor Briefing on Environmental Factors % Return ktCO₂e 50 40 30 20 10 0 700 600 500 400 300 200 100 0 Total GHG emissions reductions by EBIT return 0 100 150 200 250 300 350 400 ktCO₂e Cumulative GHG reduction capex to 2030 0 50 10 GHG Emissions and Carbon Enablement 20 30 40 50 60 70 80 90 100 110 £million 450 EBIT/CAPEX (%) Zero Capex 500 550 600 650 Associated British Foods plc 15

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