FY23 Financial Performance and Market Strategy

POULTRY IS AN ATTRACTIVE & GROWING SECTOR INGHAMS CORE POULTRY VOLUMES HAVE GROWN AT 2.8% PER ANNUM SINCE FY19 ■ Affordable - significant consumer price advantage over other meat proteins ■ Healthy - a lean and versatile protein that continually finds favour with consumers that is aligned to the macro-trend towards healthier options across all channels INGHAM'S Always Good ■ Sustainable - chicken has one of the lowest carbon footprints when compared to other land-based animal proteins, and is 5-times lower than red meat ■ Consistent and reliable YoY total consumption growth versus other protein products - long-term trends remain intact Per capita consumption (indexed)² 400 Australian consumer meat prices (indexed)³ སླུ ིི ཎྜ ༞ མྱ ཎྱ R 8 8 0 1990 1991 1992 1. Source: OECD 2. Source: OECD; Macquarie 3. Source: ABS (Consumer Price Index) 1993 1994 1995 Chicken (kg per capita) Pork (kg per capita) 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Lamb (kg per capita) Beef & Veal (kg per capita) 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 350 300 250 200 150 100 1990 1992 1993 1995 1996 1998 1999 2001 2002 Beef & Veal 2004 2005 2007 2008 Pork 2010 2011 2013 Lamb 2014 2016 2017 Chicken 2019 2020 2022 2023 8

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