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Investor Presentaiton

Page 10 Lion Dairy & Drinks highlights dare DOLE ESPRESSO Vitasey soy milk ORIGINAL NUTRIENTS A1& A2 Protein NUTRIENTS A14 A2 Protein Original NEMERS PURA Milk original ICED Coffee PURA Cream 1 REDUCED FATICED COFFEE Dairy Farmers VANILLA Pouring CUSTARD Yoplai real fruit Strawberry LION BLITY & DRINK ale FARMERS UNION GREEK STYLE All Natural Yogurt Represents post-AASB 16 pro forma normalised EBITDA, including Vitasoy JV: 49% of NPAT and a management fee, and 75% of CCFA earnings Attractive portfolio of Milk-Based Beverages, Yoghurt, Juice, White Milk, Plant-Based Beverages, Culinary and other brands Some of Australia's iconic dairy and beverage brands with #1 and #2 market share positions in its core categories Australia's largest national cold chain distribution network Large-scale, well invested national manufacturing capability across 13 sites Pro forma LTM Sep-20 net revenue of $1.6 billion and EBITDA of $56 million¹ excluding synergies Bega
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