Fonterra Financial Overview

performance partially offset by tighter Ingredients' Foodservice margins Asia Pacific Fonterra Dairy for life 2021 EBIT Ingredients $65m Foodservice $52m Consumer $119m $236m 2022 EBIT Change $85m 31% $(4)m $77m (35)% Product channel EBIT ($m) $158m AMENA (33)% 500 Ingredients $140m 450 $184m 31% 400 Foodservice $8m (100)% 350 Consumer $52m $66m 27% 300 $200m $250m 25% 250 Greater China 200 Ingredients $91m $144m 58% 150 Foodservice $194m $89m (54)% 100 Consumer $9m 50 $3m (67)% $294m $236m (20)% Eliminations¹ Total $(78)m $652m $(43)m 45% Ingredients $601m (8)% Note: Figures are for the six months ended 31 January and prepared on a normalised continuing operations basis. Comparative information includes re-presentations for consistency with the current period 1. Eliminations and unallocated costs Foodservice Consumer 9

View entire presentation