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Investor Presentaiton

A strong start in FY23 - Q1 Highlights Group Sales . $46.6M • Up 49% year-on-year (vs. Previous Corresponding Period) • . • Milk Volume 36 ML • Group Gross Margin Up 3.1X Very strong demand for the entire Company's dairy products across a multitude of geographies Sales mix more broadly spread across Domestic and Export customers Strong focus on driving sustainability initiatives, ROCE growth, further exploiting our dairy nutraceutical and plant-based production capabilities and pursuing vertical integration opportunities • Up 3% on Budget but we are monitoring • We are defying the national and SA State-wide trend. Australian national Dairy production has continues to decline We have now experienced an early peak of milk intake (October) given the wet weather conditions across the State. • Up 3.1X year-on-year (vs. Previous Corresponding Period) . Lactoferrin sales strong. Sold >5tons in Q1 and all FY23 production pre-sold (pricing strengthening) Pricing reviews across Mozzarella portfolios continue (Dairy Australia pricing reference continues to increase) Group delivered both EBITDA and NPAT positive outcomes at the end of Q1 FY23. Q2 FY23 sales momentum being kept and BFC on track to meet guidance and top end of our sales forecast. BESTON GLOBAL FOOD COMPANY 8
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