Investor Presentaiton

FY2015 vs FY2014 Pro Forma Results Revenue and Transacted Sales ☐ Solid growth achieved across all Produce categories Costa Farms & Logistics trading growth, offset by Logistics contraction International segment - royalty income and African Blue Transacted Sales growth Actual Actual Key Highlights Pro forma Pro forma Variance A$m FY14 FY15 Revenue 662.3 723.5 61.2 ◉ Other revenue 10.3 9.0 (1.3) ☐ Share of associates and joint ventures 9.2 9.5 0.3 Operating expenses (611.6) (671.0) (59.4) EBITDA before SGARA 70.2 71.0 0.8 Fair value movements in biological 5.0 1.4 (3.6) assets EBITDA 75.2 72.4 (2.8) Depreciation & amortisation (14.7) (18.0) (3.3) Profit/(loss) on sale of assets (0.8) 0.5 1.3 EBIT 59.7 54.9 (4.8) Transacted Sales Operating EBITDA EBITDA before SGARA ◉ Strong underlying earnings growth across Produce and International segments Impact of Coles logistics contract loss at Eastern Creek $8.5m New farm establishment costs incurred in FY2015 - Berry farms, new tomato glasshouse, Amaroo citrus farm. EBIT 847.9 922.0 74.1 ◉ 71.1 73.2 2.1 Note: A reconciliation between Pro forma and statutory results is included in the Appendix costa fresh is our passion Depreciation expense increase with new capex 10

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