Investor Presentaiton

For personal use only 10 BALANCED PRODUCT MIX Net Sales Revenue by Product Group 20% 0% 1% 14% 30% 43% FY18 FY19 10% 36% 40% 6% Infant Formula Baby Food Goat Milk Powder Fresh Dairy Canning Services → Key Drivers -> bübs BubsⓇ products $21.6 million, increased +223% pcp and +65% on 1H19. Adult milk powder $15.6m increased +133% pcp. Enhanced focus on high margin products: + Infant Formula sales increased +278% pcp and +80% on 1H19 + Infant Formula gross margin increased from 28% FY18 to 38% FY19 + Organic Baby Food sales increased +59% pcp GP growth will be further enhanced by vertical integration of Deloraine Dairy acquisition and full year recognition of one-step processing at Tatura.

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