Associated British Foods Results Presentation Deck

■ ■ 23 British Sugar Poor weather conditions reduced sugar production 0.74m tonnes sugar production, 27% lower than prior year Higher cost alternative supplies of sugar secured to fulfil sales obligations Strong pricing for electricity sales offset high energy costs - Sugar operations - Azucarera Overall production 20% lower than prior year after hot and dry weather impacted beet crop Higher sales prices offset by elevated costs for beet, raw sugars and energy China One-off non-cash exceptional impairment charge Associated British Foods plc

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