Fonterra Financial Overview

AMENA channel performance Ingredients Volume ('000 MT) 401 From 417 Revenue ($ million) 2,900 From 2,477 ↑ Gross margin 11.9% From 11.8% $ million Foodservice Volume ('000 MT) 36 From 30 Revenue ($ million) 197 From 163 Gross margin 7.1% From 13.5% 2021 ■2022 Consumer Volume ('000 MT) 194 From 180 ✶ Revenue ($ million) 636 From 557 ↑ Gross margin 27.7% From 27.8% Fonterra Dairy for life 345 293 140 184 EBIT Gross profit 22 14 Gross profit 8 EBIT 52 66 155 176 Gross profit EBIT Note: Figures are for the six months ended 31 January. Does not add to Total Group as shown on a normalised continuing operations basis and excludes unallocated costs and eliminations. Comparative information includes re-presentations for consistency with the current period 32

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