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Investor Presentaiton

ELDERS LIMITED Gross Margin Sensitivity Geographic and product diversification mitigates the impact of individual market volatility $m 14 12 10 8 APPENDIX 00 6 4 2 +$50 +100k head +$10 +500k head +$25m +50bps +100bps +100bps 0 +10% -10% -$50 -100k head -$10 -500k head -$25m -50bps -100bps -100bps -2 -4 -12 -14 Cattle Price Cattle Volumes Sheep Price Sheep Volumes Retail Sales Retail GM% AgChem GM% Fertiliser GM% Killara Utilisation -6 -8 68 0 -10 39
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