Investor Presentaiton

Strong group wide results continue & turnaround progressed via ACCC resolution RETAIL FOOD GROUP Expect FY23 Underlying EBITDA¹ to be at the mid to upper end of the guidance range - FY23 Underlying EBITDA guidance of $26.0m to $29.0m². - Strong 1H23 results across both domestic franchise network and international division. 1H23 Underlying EBITDA of $13.7m (47.4% vs 1H22)1 -117.9% 1H23 SSS growth across domestic franchise network, underpinned by 17.3% CC and 10.5% ATV increase34 Positive contribution across all divisions with all brands enjoying positive SSS growth – Significant SSS, CC and ATV growth across both coffee and bakery-based brand systems (Donut King, Brumby's, Gloria Jeans, Michel's Patisserie) which account for c.54% of group 1H23 Underlying EBITDA. - Strong group wide results delivering growth on PCP3 and pre-COVID5 periods demonstrates brand consistency and resilience. - SSS vs. pre-COVID5 of 120.2% for Donut King6, 4.1% for Gloria Jeans7, 18.2% for Brumby's and 112.1% for Crust. 1: Underlying EBITDA is a non-IFRS measure used by management to assess financial performance & is not subject to review or audit. 2: FY23 Underlying EBITDA guidance range of $26.0m - $29.0m excluding AASB15, AASB16 & non-core expenses, announced on 30 November 2022 at the Annual General Meeting. 3: Same Store Sales ('SSS'), Customer Count ('CC'), Average Transaction Value ("ATV') and Previous Corresponding Period ('PCP'). 4: Based on unaudited reported sales by franchisees amongst stores trading a minimum 23 of 26 weeks in 1H23 vs unaudited reported sales by franchisees against same stores trading a minimum 23 of 26 weeks in 1H22. 5: Based on unaudited reported sales by franchisees amongst stores trading a minimum 23 of 26 weeks in 1H23 vs corresponding weeks in 1H19. 6: Excludes Donut King mobile units. 7: Excludes Drive-Thru outlets (including Drive Thru outlets: +6.1% SSS growth). Page 6

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