Strategic Financial Overview

INGHAM'S Definitions Heart of the Table Certain non-IFRS information is referred to in this presentation. Defined below is what is included in each non-IFRS measure used throughout this presentation. EBITDA: Earnings before Interest, Tax, Depreciation and Amortisation EBIT: Earnings before Interest and Tax Net Debt: Debt less cash and cash equivalents Pro Forma: For FY17 comparative purposes pro forma numbers are based on 52 weeks of trading and excludes IPO and Pre- IPO costs > Underlying EBITDA: EBITDA excluding any profit on sale of assets and restructuring expenses Underlying NPAT: Net Profit After Tax excluding any profit on sale of assets and restructuring expenses after income tax Gross Profit: Total revenue less cost of sales excluding depreciation > Earnings Per Share (EPS): NPAT divided by the weighted average shares outstanding > Total Poultry: includes core chicken and turkey products in addition to ingredients and other sales > Core Poultry: refers to chicken and turkey products only Cash Conversion ratio: Cash Flow from Operations divided by EBITDA PAGE // 21

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