Investor Presentaiton

Strong group wide results continue & turnaround progressed via ACCC resolution RETAIL FOOD GROUP Positive start to 2H23 with momentum continuing across key metrics -↑ 6.8% network sales, 11.8% SSS growth, 12.0% CC growth1. 10.4% CC and Pizza Capers - QSR performance remains strong vs. pre-COVID period (Crust 15.3% SSS, 38.6% SSS, 123.2% CC)², albeit moderating from all time highs following return to 'normalised dine-in & eat out routines post COVID-19. ACCC resolution removes significant element of uncertainty and allows enhanced focus on growth - Removes significant element of uncertainty and constraint on RFG's ability to deploy capital into growth. - Management time can be more focussed on exploring and implementing growth opportunities. - Anticipate relaxation of bank debt funding constraints on franchisees. 1: Based on unaudited reported sales by franchisees in respect of week 27 (week ending 01.01.23) to week 33 (week ending 12.02.23) vs corresponding weeks in 2H22. 2: Based on unaudited reported sales by franchisees in respect of week 27 (week ending 01.01.23) to week 33 (week ending 12.02.23) vs corresponding weeks in FY19. Page 7

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