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Investor Presentaiton

INVESTING IN AUTOMATION DIRECT STREAM INJECTION (DSI) WATERJET CUTTERS INGHAM'S Always Good $30M to purchase four DSI 888 portion cutting machines and associated equipment, spread across FY23 - FY25, with installation expected through FY24 and FY25 Significant efficiency and cost benefits expected to be realised Network plan recognises growth in whole muscle, portion-controlled products as QSR's and Retail Customers continue to expand their whole muscle poultry offerings and move away from formed burgers ■ Inghams currently utilises five earlier-model machines across its operations - the new technology will provide higher throughput, yield and capacity outcomes New machines will an uplift in capacity, future proofing the network to ensure Inghams maintains the capability to meet the shift in consumer demand, including to 'dinner done', convenience and tray pack Augmenting our capability with stand-alone slicer/dicers at Murarrie and Bolivar to process stir-fry and diced products, releasing additional capacity on the DSI's 23
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