Strategic rationale for the acquisitions

Superior Food's five business segments. Segment Corporate foodservice (Corporate FS) Overview Large corporate and government customers Typically contracted Independent foodservice (Independent FS) Single site small players e.g. family run eateries Competitive market serviced by regional and national players • Wholesale and retail¹ channel customers Protein Focused on processing and delivering meat / seafood Sales and Gross Profit split FY23A (June y/e) sales split by segment (%)? 27% 31% $1.2bn 6% Foodservice Corporate Foodservice - Independent Protein Shipping QSR 11% 25% FY23A (June y/e) gross profit split (%) 2 Shipping Sourcing and delivering goods for cruises / cargo ships and offshore rigs 10% 12% • 'Box mover' - customers typically pre-determine suppliers and bespoke range $211m Foodservice Protein Shipping 16% 62% QSR QSR • Strong customer loyalty • Lower margin vs. Foodservice but also lower cost to serve and higher dollar sales 1. Superior Food's Protein segment operates in Perth, Mooloolaba and Tamworth 2. Financial information is presented for the year ending 30 June 2023 and on a pro forma basis, comprising certain normalisations and annualisation adjustments (including annualising for acquisitions and other changes that have occurred part way through a financial year). All financial information is presented prior to Metcash purchase price acquisition adjustments. Metcash NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES 18

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