Investor Presentaiton

FY22 Summary WHILE DEMAND FUNDAMENTALS REMAIN STRONG, EXTERNAL FACTORS IMPACTED FY22 RESULTS DELIVERY FY23 EARNINGS UPLIFT UNITED MMALT CAPITAL MANAGEMENT . FY22 Underlying EBITDA • $105.9¹million (before SaaS and one- off cost) in line with guidance Processing segment impacted by external factors: • Canadian barley crop quality Supply chain disruptions Input cost inflation Improvements in export and distilling sales Underlying EBITDA in W&D increased to $44.6 million (before SaaS costs and one-off items) . Vastly improved barley crop in North America Improved pricing and commercial terms locked in for 2023 contracts Capex spend in FY23 substantially lower as, the Scottish distilling expansion completes FY23 earnings guidance re-confirmed - Underlying EBITDA expected to be $140-1602 million (before SaaS costs) • Net Debt/ EBITDA 5.0 times, covenant amendments from banks in place for Sep-22 and Mar-23 - headroom remains Pathway back to target gearing range of 2.0 - 2.5 times by end of FY23: • Significantly higher earnings from 2QFY23 • Material step down in capex in FY23 • Factoring arrangement in place • Capital and costs management initiatives underway Company believes that it will not need to raise additional capital 1. 12 2. • No final dividend declared Underlying EBITDA for FY22 excludes SaaS costs of $13.3m and Brewers Select asset write down of assets of $0.8m. Underlying EBITDA for FY23 excludes SaaS costs which are expected to be ~$7.5m in FY23 -~$6m for the ERP and -$1.5m for a new transport management system in the UK and Australia. 5

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