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Investor Presentaiton

01 Reset and strengthen balance sheet Funding uses $37.7m Comprising of: Repay and extinguish existing bank facilities $34.0m Objectives Current facility is no longer fit-for-purpose Existing facility is amortising at $10m/year. Limits RFG's capacity to reinvest operating profits into strategic growth objectives. RETAIL FOOD GROUP Reduce refinance risk in uncertain credit markets While RFG's existing facilities will not mature until Sep-23, an early debt refinance is in the interests of RFG through: Reducing refinance risks in uncertain debt markets; and ii. Allowing management to increase focus on growth going forward. A debt and equity refinancing reduces overall reliance on a single source of capital. Placement transaction costs $2.2m i. New Debt Facility transaction costs $1.5m1 1. Includes lender legal costs, establishment fee and RFG's legal and corporate advisory costs. Page 13 $ ↑ Reduce debt facility drain on cash flow RFG's existing debt facilities have impacted cash flow through principal repayments ($10m/year) plus interest. The New Debt Facility does not require amortisation payments allowing cashflow to be reinvested in growth initiatives or potentially distributed to shareholders in the future.
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