Investor Presentaiton

Costs/inflation management update Cost contributors 2% 7% 2% 3% 20% 4% 8% 9% 45% ■Materials, Consumables & 3rd Party ■Employee benefits expenses ■ Occupancy expenses ■Freight and cartage ■Leasing expenses ■Repairs & Maintenance ■Legal & Consulting ■Insurance Other expenses 1HCY23 commentary costa well grown 1HCY23 Results Presentation . . • Some significant local input cost inflation pressures experienced over the 1H vs pcp, particularly for chemicals and fertilisers, domestic freight and packaging. Energy costs rose Australia wide over the 1H, with vertical farming (tomatoes & mushrooms) experiencing significant cost increases versus pcp. Labour costs also impacted by rising wages and some supply constraints, although most recent minimum wage decision was within budgeted expectations. Reduced international shipping costs over the 1H which also contributed to a stabilising of pricing for some imported inputs. The full benefit of these reductions and other input costs are expected to flow through in the 2H. Key input costs ($m) 20 OGUNN WW 35 30 25 24.3 21.4 20 19.7 16.3 13.7 13.2 12.8 28.6 24 4.6 5.2 Energy and Gas Chemicals and Freight Intl Shipping Ferts Packaging Material Fuel 20 20 1HCY221HCY23

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