Strategic Financial Overview

Financial highlights - FY18 vs FY17 INGHAM'S Heart of the Table Core Poultry Gross Profit Underlying EBITDA EBITDA Underlying NPAT NPAT Cash Conv Ratio Net debt EPS Final Dividend Volume 397.7kt ↑ 3.2% $476.9m ↑ 4.4% $208.9m ↑ 7.1% $212.0m ↑ 8.7% $112.5m ↑ 10.3% $114.6m ↑ 12.4% 122.9% ↑13.6% $145.4m ↓154.2m 30.8 cps 11.6 cps ↑ 12.4% Financial performance > Core chicken and turkey volume grew at 3.2% (total poultry volume including Ingredients grew at 2.0%) > Underlying EBITDA growth of 7.1% to $208.9m (excluding profit on sale and restructuring) > Profit on sale of assets of $19.4m, in part offset by restructuring initiatives of $16.3m, net impact $3.1m > Underlying NPAT growth of 10.3% to $112.5m NPAT growth of 12.4% to $114.6m Net Debt of $145.4m (leverage ratio 0.7x) > Earnings Per Share (EPS) growth of 12.4% to 30.8 cps Final dividend of 11.6 cents per share (Total dividend for FY18 21.1cps - 70% of NPAT) Cash on hand of $273.7m up 83.7% on prior year balance of $149.0m Planned Capital Return of $125m, 33.0 cps* Note: FY17 pro forma based on 52 weeks. A reconciliation between FY17 pro forma and statutory results is included in the Appendix *Subject to ATO approval PAGE // 4

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