Investor Presentaiton

25 50 POULTRY IS AN ATTRACTIVE & GROWING SECTOR INGHAM'S Always Good Affordable - significant consumer price advantage over other meat proteins, and growing Healthy - a lean and versatile protein that continually finds favour with consumers that is aligned to the macro-trend towards healthier options across all channels Sustainable-chicken has one of the lowest carbon footprints when compared to other land-based animal proteins, and is 5-times¹ lower than red meat ■ Consistent and reliable YoY total consumption growth versus other protein products - long-term trends remain intact Inghams core poultry volumes grew at 3.0% per annum between 1H20 and 1H23 Per capita consumption (indexed)1 Australian consumer meat prices (indexed)² 225 200 175 150 125 100 75 0 1990 1991 1992 1993 1994 1995 Chic ken (kg per capita) Pork (k g per capita) Lamb (kg per capita) 1. Source: OECD; Macquarie 2. Source: ABS (Consumer Price Index) 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Beef & Veal (kg per capita). 2018 2019 2020 2021 2022 400 350 300 250 200 150 10 100 50 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 Beef & Veal Pork 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 La mb Chicken 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 8

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