Australian Agricultural Company (AAC) investor relations material

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional custodians and a summary of housekeeping matters, including mobile phone use and emergency exits.

• Notice of Meeting was distributed in advance; meeting format included in-person attendance and a live webcast for observers.

• Board and executive introductions were made, with details on director elections and procedural matters outlined.

• Agenda included financial statements, Remuneration Report, director elections, and constitutional amendments.

Financial performance review

• FY 2026 revenue rose to $422.1 million, a 9% increase, with operating profit up 23% to $71.6 million.

• Operating margin improved by 6.6 percentage points; core free cash flow increased by $11.4 million.

• Record operating profit achieved, reflecting disciplined asset, capital, and cost management.

• Performance benefited from favorable cattle prices and positive seasons, but also faced trade and market headwinds.

Board and executive committee updates

• Board renewal continued with new directors Nicole Sparshott and Zoe Kenneally, enhancing diversity and capability.

• Retiring directors acknowledged; board remains focused on strategic execution and governance.