Noumi : FULL YEAR PRESENTATION

Noumi Limited

2023 Results

29 August 2023

Important notice and disclaimer

Summary Information Only

This presentation criteria contains general information about Noumi Limited and its consolidated entities ("Noumi Limited") and its activities current as at the date of this presentation. It is provided in summary and does not purport to be complete. You acknowledge and agree that you will rely on your own independent assessment of any information, statements or representations contained in this presentation and such reliance will be entirely at your own risk.

Disclaimer

Noumi Limited and its related bodies corporate and associated entities and each of their respective officers, employees, associates, agents, auditors, independent contractors and advisers, do not make any representation, guarantee or warranty, express or implied as to the accuracy, completeness, currency or reliability (including as to auditing or independent verification) of any information contained in this presentation and do not accept, to the maximum extent permitted by law:

1. any responsibility arising in any way for any errors in or omissions from any information or for any lack of accuracy, completeness, currency or reliability of any such information made available;
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Forward-looking statements

This presentation may contain forward-looking statements. All statements other than statements of historical facts included in this presentation are forward-looking statements. Forward-looking statements may include, without limitation, statements relating to Noumi Limited's financial position and performance, business strategy, plans and objectives of management for future operations. Forward-looking statements involve known and unknown risks, uncertainties and other factors (many of which are beyond Noumi Limited's control) and which may cause actual results to differ materially from those expressed in the statements contained in this presentation. Some of the important factors that could cause Noumi Limited's actual results, performance or achievement to differ materially from those in any forward-looking statements include (among other things): the risks and uncertainties associated with levels of demand and market prices, climatic conditions in Australia and overseas, the ability to produce, process and transport goods profitably, the actions of competitors, potential Geopolitical events and inflation impacts. Forward-looking statements should not be relied on, particularly in light of the current economic climate. No representation, guarantee, or warranty (express or implied) is given as to the accuracy, completeness, likelihood of achievement or reasonableness of any forecasts, projections or forward-looking statements contained in this presentation. Except as required by applicable regulations or by law, Noumi Limited does not undertake any obligation to publicly update or review any forward-looking statements, whether as a result of new information or future events. This presentation should not be relied upon as a recommendation or forecast by Noumi Limited.

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Nothing in this presentation should be construed as either an offer or invitation to sell or a solicitation of an offer to buy or sell Noumi Limited securities in any jurisdiction.

Non-IFRS information

Operating Profit, Statutory EBIT and Statutory EBITDA are unaudited, non-IFRS financial information.

Agenda

2023 OVERVIEW	01
COMPANY EVOLUTION	02
FINANCIAL PERFORMANCE	03
STRATEGY	04
CLOSING REMARKS	05

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FY23 Overview

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Strong FY23 revenue and earnings growth

Reset, Transform, Grow strategy delivers across the board performance improvements. Adjusted operating EBITDA of $30.4m up 315% on FY22

Plant-based Milks delivers record adjusted operating EBITDA of $37.4m up 12.0%

Market leading Milklab brand continues strong domestic and export growth, up 11.1%

Dairy and Nutritionals positive $3.8m adjusted operating EBITDA in H2 - near breakeven for the full FY23 year - compared to $20.6m loss in FY22

Farmgate milk prices impact dairy export competitiveness.

Export volumes reduced to protect margin

Operating Cash Flow after US litigation settlement costs, other litigation costs and net finance costs $4.3m

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