FY23 Financial Performance and Market Strategy

DEFINITIONS INGHAM'S Always Good CERTAIN NON-IFRS INFORMATION IS REFERRED TO IN THIS PRESENTATION AND ARE DEFINED BELOW " Average Capital Invested: Net assets plus net debt plus tax balance plus net liabilities of AASB 16; average calculated over two financial year end periods Business Transformation: business process, ERP and IT transformation Cash Conversion ratio: Cash Flow from Operations divided by EBITDA excluding non-cash items Core Poultry: refers to chicken and turkey products for human consumption, excluding by-products EBITDA: Earnings before Interest, Tax, Depreciation and Amortisation EBIT: Earnings before Interest and Tax ESG: Environmental, Social and Governance Gross Profit: Revenue less cost of sales LTM: Last twelve months Net Debt: Debt less cash and cash equivalents Net Operating Profit after Tax (NOPAT): Underlying NPAT pre AASB 16, plus interest (net of tax) PCP: Prior corresponding period ROIC: Return on Invested Capital pre AASB 16 Total Poultry: includes core chicken and turkey products and by products Underlying Gross Profit pre AASB 16: Underlying Gross Profit excluding AASB 16 leasing impacts Underlying EBITDA: Underlying EBITDA excluding business transformation costs, any profit or loss on sale of assets, restructuring expenses, impairments and trading results for business sold as a going concern, inclusive of AASB 16 Leases Underlying EBITDA pre AASB 16: Underlying EBITDA excluding AASB 16 leasing impacts Underlying NPAT: Net Profit After Tax excluding business transformation costs, any profit or loss on sale of assets, restructuring expenses, impairments and trading results for business sold as a going concern after being tax effected, inclusive of AASB 16 Leases Underlying NPAT pre AASB 16: Underlying NPAT excluding AASB 16 leasing impacts after being tax effected Working Capital (Operating): Working capital adjusted for non-operating items including but not limited to interest accruals and proceeds from sale of assets 35

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