Investor Presentaiton

Strong strategic alignment dare LION FARMERS ICED Coffee Vitasoy The Soy Experts Bega SINCE 1899 Bega Simply Bega nats Simply Bega SMOOTH Nuts Simply nats CRUNCHY RUSTY GRE Bega Peanut Butter Smooth Bega Peanut Butter ZOOSh ZonSh Dairy Farmers MAYONNAISE VEGEMITE VEGEMITE VEGEMITE Yoplait FARMERS UNION CLASSIC DAILY JUICE THE JUICE BROTHERS BERRI 1943 Cultural fit heritage, community, customers, suppliers Immediate delivery of Bega's 2023 strategy to achieve 70% branded sales CRUNCHY Complementary CPG capability to unlock competitive advantage Unique national cold chain distribution PURA® Page 8 HONEY HONEY 500ge Bega STRONG & BITEY VINTAGE PROUDLY AUSTRALIAN OWNED AND MADE Substantial synergy potential - $41 million per annum Compelling financial returns - expected to be double digit EPS accretive¹ in FY222 Heart Active MADE B COW 100% NATURAL HONEY 1 Comparative EPS for the Company takes into account a theoretical ex-rights price adjustment for the entitlement offer and excludes one-off costs and any impact of acquisition accounting 2 FY22 includes synergies of $36 million 1 Bega

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