FY23 Financial Performance and Market Strategy

SUMMARY INGHAM'S Always Good MOMENTUM OF RECOVERY ESTABLISHES PLATFORM FOR EARNINGS GROWTH Poultry remains an attractive and growing sector with significant consumer price and sustainability advantages over red meat and seafood alternatives - poultry is a strategic focus area for our key customers, reaffirming our strong outlook for the category over the medium to longer term FY23 was a period of business stabilisation and recovery Pace and momentum of the operational and financial recovery during 2H23 establishes a solid platform for continued growth and future investment Operational improvements support further earnings growth Poultry volumes recovering and expected to return to longer term growth trend¹, underpinned by continued improvements in farming performance. Demand growth underpinned by affordability, health and sustainability benefits ■ Net selling price increases completed in response to cost inflation Pricing of key feed ingredients has stabilised and expected to remain elevated versus longer-term levels due to tight global supply and trade concerns Remain focused on ensuring pricing offsets ongoing feed and other cost pressures and will implement further price increases as required Operational performance stabilised Farming performance continues to recover 2H23 recovery in operational performance across a broad range of metrics has underpinned a positive start to FY24 Continuous improvement initiatives a major focus area as program resumes normal cadence following FY22 disruptions Investing in automation and network, increasing capital expenditure to approximately $100M in FY24 to improve our capability to meet current and future consumer requirements Impact of AASB 16 on earnings is reducing over time as leases expire and contract growers move to variable contracts - over 30 grower contracts transitioning in FY24 ■ Investor day to be held on 15 November (Sydney CBD) 1. Adjusting for FY24 53-week year 27

View entire presentation