Investor Presentaiton

RFG performance highlights RETAIL FOOD GROUP Strong 1H23 underlying results... growth vs pre-COVID performance and recent ACCC settlement continue to support a step shift in RFG's turnaround journey. 47.4% Group Underlying EBITDA vs PCP1 17.9% Domestic SSS vs PCP2 39.1% International Underlying EBITDA vs PCP1 17.3% Domestic CC vs PCP2 Expect FY23 Underlying EBITDA to be at the mid to upper end of the guidance range ($26.0m – $29.0m)4 • ACCC resolution... Represents finalisation of legacy regulatory activities. Management time can be more focussed on exploring and implementing growth opportunities and initiatives. Removes significant element of uncertainty and constraint on ability to deploy capital into growth. Anticipate relaxation of bank funding constraints on franchisees. • Resilience of brand systems and validation of strategies implemented demonstrated through...³ - Domestic network SSS growth of 13.3% vs 1H19 (pre-COVID). - Domestic network ATV growth of 20.6% vs 1H19 (pre-COVID). 1: PCP represents 6 months to 30 December 2022. Underlying EBITDA is a non-IFRS measure used by management to assess financial performance and is not subject to review or audit. Refer to slide 15 of 1H23 Results Presentation for reconciliation of underlying to statutory results. 2: Based on unaudited reported sales by franchisees amongst stores trading a minimum 23 of 26 weeks in 1H23 vs unaudited reported sales by franchisees against same stores trading a minimum 23 of 26 weeks in 1H22. 3: Based on unaudited reported sales by franchisees amongst stores trading a minimum 23 of 26 weeks in 1H23 vs unaudited reported sales by franchisees against same stores trading a minimum 23 of 26 weeks in 1H19. 4: FY23 Underlying EBITDA guidance range of $26.0m to $29.0m excluding AASB15, AASB16 & non-core expenses, announced on 30 November 2022 at the Annual General Meeting. Page 9

View entire presentation