Associated British Foods Results Presentation Deck

Sugar Revenue £m Adj. operating profit £m Margin ROACE 22 2023 2,547 169 6.6% 9.7% 2022 Change actual fx 2,016 162 8.0% 10.3% +26% +4% Change constant fx +29% +8% Higher pricing offsets higher costs for beet, cane and energy Exceptionally low European production following crop shortfalls ▪ Strong co-product performance ▪ Significant improvement in Illovo ▪ Substantial losses in Vivergo, significant improvement in the fourth quarter Associated British Foods plc

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