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Investor Presentaiton

INVESTING IN AUTOMATION INGHAM'S Always Good AUTOMATED LEG DEBONING INVESTMENT Network plan identified a reduction in whole leg and drumstick sales, and an increase in requirement for deboned thigh and drumstick meat, which attract higher margins Inghams currently utilises various semi-automatic processes to harvest leg meat - these processes are manually intensive with limited throughput $17M over two years to purchase four Foodmate Ultimate Leg Deboning machines Replaces the current semi-automatic processes at three sites, and to create capacity for future demand Installation planned for FY24 New system large variations in leg sizes, using an X-Ray measuring system to precisely measure each leg, automatically adjusting in real-time, enabling precision cutting which ensures very high yields and minimum labour for trimming Provides cost savings, higher yield and throughput outcomes, and improved product quality. Also provides opportunity to increase production of other value-add products and new customer opportunities 24
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