Investor Presentaiton

ELDERS LIMITED Our Strategic Priorities: Transform Future-proofing our business W = 0 รู 7 STREAMLINING OUR SUPPLY CHAIN < Gross margin efficiency and reduced safety stock in Rural Products PLANNING SOURCING Reduce working capital and safety stock Optimise gross margin predictability through timely and structured Rural Products input procurement MODERNISING OUR SYSTEMS Modernising our platforms to deliver more efficient business processes and an enhanced client experience FY22 FY23 $m $m CAPEX 4.4 8.0 Wave 1 (Completed) OPEX underlying 4.4 4.0 OPEX - non underlying 0.7 5.4 Total 9.5 17.4 FY23 Budget $m $m CAPEX 2.3 24-27 Wave 2 (Ongoing) OPEX underlying 2.0 OPERATIONAL PLATFORMS Improve transaction speed, optimise data analytics and enhance customer experience OPEX - non underlying 16-18 Total 4.3 40-45 $50m average capital release in FY24 1. 2. Streamlined integrated supply chain >15% ROC from FY24 Future-proof the business Systems Modernisation and wool supply chain expected to deliver a ROC greater than 15% incrementally from FY24 onwards Rural Products supply chain optimisation estimated to deliver EBIT of $10-$18m and capital release of $50-$80m across multiple years (source external consultant September 2022) STRATEGY 30

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