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Definitions UNITED MMALT EXCEPT WHERE NOTED, COMMON TERMS AND MEASURES USED IN THE DOCUMENT ARE BASED UPON THE FOLLOWING DEFINITIONS Term Definitions Constant FX • Translates prior period earnings and balances of foreign operations at current year exchange rates EBIT • Earnings before interest, tax, and excluding significant items EBITDA Lost Time Injury Frequency . Earnings before interest, tax, depreciation and amortisation excluding significant items • Rate (LTIFR) Calculated as the number of lost time injuries per 1,000,000 hours worked, on a rolling 12-month basis. Includes permanent and casual employees and United Malt controlled contractors Net Debt/ EBITDA NPAT Recordable Injury Frequency Rate (RIFR) Significant Items Underlying EBTDA excluding • Based on a 12 month rolling EBITDA excluding the impact of AASB16, significant Items and net debt excluding finance lease commitment. The impact of AASB16 on the 12 month rolling EBITDA is $18.7m • Net profit after tax • Is calculated as the number of injuries per 200,000 hours worked, on a rolling 12-month basis. Includes lost time injuries, medical injuries and restricted work injuries. Includes permanent and casual employees and United Malt controlled contractors Those items that are not in the ordinary course of business and non recurring and material in nature and amount • one-off items and SaaS costs Underlying NPAT Earnings before interest, tax, depreciation and amortisation excluding significant items, one-off items and SaaS costs Net profit after tax excluding significant Items 34

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