1HCY21 Results Presentation

> Outlook - CY21 o Full year forecast is confirmed in line with 2PH capital raise disclosure. CY21 EBITDA-S and NPAT-S to be marginally ahead of CY20, excluding any contribution from 2PH. 。 Significant domestic activity still to occur over the second half, with positive momentum driving the remainder of the citrus season and the main berry season expected to deliver healthy growth versus pcp. 。 Citrus yields and quality are in line with expectations across our growing regions. Demand from North Asia export markets (Japan, China and Korea) is strong going into the second half. Some COVID-19 supply chain issues are contributing to likely challenging demand situation for remainder of season into South East Asian markets. ■ There has been positive berry pricing due to fluctuating blueberry industry volumes as a result of poor weather causing delays to Corindi (NSW) crop timing, including Arana. However, the overall berry crop is expected to meet expectations. ■ Expect continuing favourable mushroom demand and pricing presenting a positive opportunity once volume consistency improves. Short term labour supply challenges have been addressed at the Monarto mushroom facility New glasshouse planting continuing to proceed as scheduled with no expected delay. Light issues that have affected growing conditions will improve over the second half as we move into the spring/summer months with improving volumes. As previously flagged the high Western Australian avocado season volumes will contribute to continued depressed pricing over second half. 1HCY21 Results Presentation African Blue Moraccols finest blueberries Only the Finest Berries" Driscoll's Kalady fingers LOVACADO. Aussie avos. From Costa. MUSH BOOM! TO THE RESCUE Perino 2.PH. Vitor itor AUSTRALIA'S BEST AUSTRALIA'S BEST 35 55

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