Investor Presentaiton

Eight Point Plan: 3 years to FY20 goal Targeting 5-10% p.a. quality growth through the cycles EBIT FY17 to FY20 $ $ $ $ $ est $ FY17 Livestock price normalisation Other market movements Organic (50%) Acquisition (50%) Cost (0%) FY20 ■ Livestock prices expected to ease post FY17 Market share gains achieved in FY17 to offset livestock price movement EBIT improvement in the period to FY20 is anticipated to be derived from: organic and acquisition growth, and continued focus on controlling base costs to offset inflationary increases. Elders 13

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