Investor Presentaiton

Strong group wide results continue & turnaround progressed via ACCC resolution RETAIL FOOD GROUP 'Franchisee first' approach has resulted in significantly improved network health - Net 1H23 domestic store decline of 9 (excluding vans & trial outlets)¹. - 1H23 net international store growth of +8 (excluding vans) & >60 new outlet pipeline for CY232. - Various initiatives implemented by RFG to drive outlet sales and profitability (including marketing, supply chain, lease, systems & field support) have benefited franchisees with significantly improved unit economics. ->100 franchises renewed since 1 May 2022 evidences franchise partner support. - Strong 2H23 outlet pipeline: +33 outlets³ & >100 franchise partner applicants pending. Platform for growth in FY23 and beyond established -Resilient and diversified brand system well positioned in uncertain trading environment. - Multiple organic "capital light" opportunities being pursued to build on 1H23 Underlying EBITDA growth. - Exploring inorganic opportunities with attractive returns. 1: Net domestic van decline of 7 (1 new van & 8 van closures). 16 new domestic trial outlets open (10 virtual Rack 'em Bones BBQ Ribs & 6 virtual Crust/Pizza Capers outlets). 2: As reported by Master Franchise Partners. Net international van decline of 2 (7 new vans & 9 van closures). 3: Including Rack 'em Bones BBQ Ribs outlets. Page 8

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