Investor Presentaiton

Reconciliation of EBITDA to Underlying EBITDA excluding one-off items $m EBITDA SaaS costs Brewers Select impairment UNITED MMALT FY22 FY21 Processing Warehouse & distribution Corporate Total Processing Warehouse & distribution Corporate Total 60.3 40.3 (8.8) 91.8 90.1 40.8 (7.0) 124.0 9.8 3.5 13.3 4.5 2.0 6.5 0.8 (0.8) on sale Grantham closure 3.1 3.1 Transformation costs 3.6 0.7 4.3 One-off included in EBITDA 9.8 4.3 14.1 11.2 2.7 0.0 13.9 Underlying EBITDA (before 70.1 44.6 (8.8) 105.9 101.3 43.5 (7.0) 137.2 SaaS & one-off items) Underlying EBITDA % 6.4% 12.5% nm 7.5% 10.7% 13.2% nm 11.1% (Excluding one-off items) FX impact 5.1 2.2 7.3 (6.7) (2.4) 0 (9.1) 33

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