SELECT HARVESTS LIMITED — AGM Information 2022

Feb 24, 2022

2021 Annual General Meeting – Delivering on Growth

11am Friday 25 February 2022

Michael Iwaniw - Chairman

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2

Board of Directors

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Michael Iwaniw Chairman Appointed November 2011

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Fred Grimwade Nicki Anderson Non-Executive Director Non-Executive Director Appointed July 2010 Appointed January 2016

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Fiona Bennett Non-Executive Director Appointed July 2017

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Guy Kingwill Non-Executive Director Appointed November 2019*

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Travis Dillon Non-Executive Director Appointed November 2021*

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Paul Thompson Managing Director Appointed July 2012

• Standing for election

3

Disclaimer & Basis of Preparation

This presentation is provided for information purposes only and has been prepared using information provided by the company. The information contained in this presentation is not intended to be relied upon as advice to investors and does not take into account the investment objectives, financial situation or needs of any particular investor. Investors should consider their own individual investment and financial circumstances in relation to any investment decision.

Certain statements contained in this presentation may constitute forward-looking statements or statements about future matters that are based upon information known and assumptions made as of the date of this presentation. These statements are subject to risks and uncertainties. Actual results may differ materially from any future results or performance expressed, predicted or implied by the statements contained in this presentation.

The Select Harvests Limited financial statements are prepared in accordance with Australian Accounting Standards, other authoritative pronouncements of the Australian Accounting Standards Board, Urgent Issues Group Interpretations and the Corporations Act 2001. This includes application of AASB 141 Agriculture in accounting for the current year almond crop, which is classified as a biological asset. In applying this standard to determine the value of the current year crop, the Company makes various assumptions at the balance date as the selling price of the crop can only be estimated and the actual crop yield will not be known until it is completely processed and sold. The resulting accounting estimates will, by definition, seldom equal the related actual results, and have a risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

4

Agenda

■ Chairman’s Address

• FY2021 Review

• Piangil Investment Performance

• Processing Upgrades and Co-waste Projects

• Strategy Update

• Company and Market Outlook

■ Managing Director’s Address

• Almond Pricing and Market Conditions

• Business Outlook

• FY2022 Priorities

■ Business of the AGM

5

Technology & Procedural Matters

Virtual Meeting Guidelines

Today’s meeting is being held online via the Computershare meeting platform. This allows Shareholders, Proxies and Guest to attend the meeting virtually. All attendees can watch a live webcast of the meeting. In addition, shareholders and proxies have the ability to ask questions and submit votes.

7

Online Attendees – Questions Process

• To ask a written question select the Q & A icon

• Select the topic your question relates to from the drop-down list

• Type your question in the text box and press the send button

• To ask a verbal question follow the instructions below the broadcast window

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Michael Iwaniw - Chairman
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8

Online Attendees – Voting Process

• When the poll is open, select the vote icon at the top of the screen

• To vote, select either For, Against or Abstain

• You will see a vote confirmation

• To change or cancel your vote “click here to change your vote” at any time until the poll is closed

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Michael Iwaniw - Chairman
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Michael Iwaniw - Chairman

Chairman’s Address

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11

FY2021 Financial Overview

A lower almond price has impacted earnings. Gearing remains low, with operating cash flows strengthening due to the improved timing of export shipments

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Reported
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Reported Reported $15.1m $40.4m

NPAT from continuing operations $25.3m EBITDA from continuing operations $53.7m Net Debt to Equity Reported

$18.2m EBIT from continuing operations $32.6m

18.6% (Excluding lease liabilities)

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Earnings per Share (Basic)
12.7 cents
Final dividend of 8.0c fully franked
DRP with 2.5% discount
Operating Cash Flow
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$38.2m Increase of $25.0m, with FY2020 impacted by COVID-19 related shipping delays

Note: certain financial measures mentioned in this presentation (including EBITDA, EBIT & ROCE) are Non-IFRS measures. They are used by the company and are relevant because they are consistent with measures used internally by management and by some in the investment community to assess the operating performance of the business. The non-IFRS measures have not been subject to audit or review.

12

Discontinued Operations

Discontinued operations include the Lucky, Sunsol and NuVitality Consumer Brands and non-almond Industrial Business currently manufactured at the Thomastown Production Facility

FY2021 Discontinued Operations ($m)

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(5.5) (0.1)
(2.2)
4.4
(6.8)
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• Following a detailed strategic review, Select Harvests commenced a process to sell the Consumer Foods section of the Food Division

• This process resulted in the decision to close the Thomastown processing facility and exit the branded and non-almond related areas of the business

• As part of this process, Select Harvests completed the sale of the Lucky and Sunsol brands to Prolife Foods on the 30[th] of September 2021

• The Thomastown almonds Industrial Business is being transferred to the Carina West processing facility, with the private label packing and non-almond processing business to be either sold or wound down

• A capital program is currently underway at Carina West to:

• Increase production and efficiency levels of current almond production

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(10.2)
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• Allow for the production of additional almond based products previously produced at Thomastown

EBIT from Interest Loss on Restructuring Income tax Loss from 1 discontinued expense sale of brands expense benefit discontinued operations operations

• Develop new products in the growing branded almond based value-added sector

• With the sale of the Lucky and Sunsol consumer brands and the impending closure of the Thomastown factory, a provision for the restructuring costs of the business amounting to $4.3m and recognising an impairment for the assets held at Thomastown facility amounting to $2.5m

13

FY2021 Operating Overview

A third consecutive year of yield outperformance across all age cohorts and growing regions[1] , with the acquisition of Piangil helping to deliver a record almond crop, 22% higher than FY2020

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Almond Crop
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28,250 MT

Continue to maintain better than industry standard yields

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Total Almond Production Costs $5.63/kg Growing costs remain well controlled

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Average Almond Price $6.80/kg

Record U.S. almond crop and market access issues reduced the price by $0.70/kg People and Safety

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2

25% LTIFR

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Water Costs $26.8m

Lower water costs to flow into FY2022, with estimated savings of $6m to $8m Piangil Orchard 4,592 MT

Yield and quality in line with expectations

1. Excludes Central Region in FY2021, which was adversely impacted by a power outage on the regions largest farm 2. Lost time injury frequency rate

14

Almond Price

Almond prices have returned to the low levels seen last year, with excess inventory in key markets, stock carryover of Californian inventories and global shipping and logistics disruption impacting prices

Farm Gate Almond Prices (US$/Lb)

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$4.00
$3.50
$3.00
$2.50
$2.00
$1.50
$1.00
$0.50
$0.00
Almond Varieties/Sizes CTS 23/25 NPX 23/25 STD5
Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22
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Source: Stratamarkets

15

Piangil Investment Review

Yield, quality and operating costs inline with expectations

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Almond Crop Operating Costs Capex In line with expectations Operating costs inline Upfront capex and above industry with business case investments are being standards yields assumptions executed to plan Staff Safety Quality Senior farm management Major on-farm safety In line with business case team recruited and now in improvements expectations. Target area place implemented for future improvement

16

Processing Upgrades

An extensive capital program is underway at the Carina West processing plant

17

Co-Waste Projects

Select Harvests is undertaking three co-waste projects to increase sustainability and generate positive commercial outcomes for the business

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Almond Hull Waste Ash Almond Hull
to Energy to Compost to Fertiliser
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Select Harvests co-generation power station is the integral link for our three sustainable co-waste projects

Waste ash by-product Select Harvests has developed a generated by our co-generation novel process for digesting power station is being used to almond hull to produce liquid produce high-quality compost and solid fertilisers

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Fly Ash
to Liquid Fertiliser
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Select Harvests developed a novel process to convert waste ash into high-grade potassium rich liquid fertiliser

• Benefits Benefits Benefits

• ■ Waste recycling ■ Replaces chemical fertiliser ■ Replaces chemical fertiliser ■ Compost generation ■ Improves soil quality ■ Increase soil carbon levels ■ Renewable energy ■ Improved tree health ■ Improves soil health Next Steps Commercial Licence

Pilot Plants

■ :

18

Long Term Almond Price

Over the last 30 years the linear trend USD almond price has increased by 2.9% CAGR, with a 9-to-12-year cycle between peaks and troughs

Long Term Farm Gate Almond Price (US$/Lbs)

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$4.50
$4.00
$4.00
$3.50
$3.00 $2.81
$2.48
$2.50
$2.00
$1.83
$1.50
$1.45
$1.00
$0.93
$0.86
$0.50
$0.00
90/91 92/93 94/95 96/97 98/99 00/01 02/03 04/05 06/07 08/09 10/11 12/13 14/15 16/17 18/19 20/21
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Source: USDA

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Select Harvest Strategy Select Harvests – in control of our destiny

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Triple Bottom Line Focus

Sustainability is a core value underpinning our business strategy and centres across three platforms: Planet, People and Profit

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People
Ethics & Integrity, OHS &
Wellbeing, Inclusion &
Diversity, Human Health &
Nutrition, Food Safety,
Sourcing Sustainability
Profit
Positive absolute
Planet
shareholder returns,
Resource Efficiency, 20% or higher EPS
Sustainable Farm CAGR over 3 years, TSR
at or above 75 [th]
Management, Climate
Change & Water, Bee percentile over 3 years,
Stewardship for capital deployment
ROCE> WACC [1]
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www.selectharvests.com.au/sustainability

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1. ROCE: Return on Capital Employed. WACC: Weighted Average Cost of Capital

Delivering on our Strategic Priorities Strategic Priorities – the pathway to achieving our vision

1. Excludes Central Region in FY2021, which was adversely impacted by a power outage on the regions largest farm

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1. Excludes West Australian orchards which were sold by Select Harvests in 2016

Allinga and Renshaw Leading brands in the wholesale and industrial almond market

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23

Board Changes

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Nicki Anderson Non-Executive Director Appointed January 2016

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Travis Dillon Non-Executive Director Appointed November 2021

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Chairman’s Address

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25

Paul Thompson – Managing Director

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26

Almond Pricing and Market Conditions

Market pricing continues to remain volatile, with attention now turning to the California almond bloom next month

Farm Gate Almond Prices (US$/Lb)

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$4.00
$3.50
$3.00
$2.50
$2.00
$1.50
$1.00
$0.50
$0.00
Almond Varieties/Sizes CTS 23/25 NPX 23/25 STD5
Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22
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U.S. and Australian Almond Exports[1] (MT)

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5.5%
1,000,000
2019/20
900,000
2020/21
800,000
700,000 -13.7%
600,000
500,000
-30.3%
400,000
300,000
200,000
100,000
0
Aust US Aust + US Aust US Aust + US Aust US Aust + US
3 Months (Oct to Dec) 6 Months (Jul to Dec) 12 Months (Jan to Dec)
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Market Conditions

• Almond prices have retracted back to H1 CY2021 levels, with excess holding of inventory in key markets, stock carryover of Californian inventories and global shipping and logistics disruption all having a negative impact on pricing

• Market pricing continues to remain volatile, with attention now turning to the California almond bloom this month

• Demand remains strong, but there are concerns that due to significant shipment issues and lockdowns some high consumption periods (Christmas and Chinese New Year) have been missed

• European and Asian exports are down 26% and 19% respectively for the Californian season to date (Aug to Jan)

• Industry consensus is forecasting a 2021 Californian almond crop of approximately 2.8-2.9 billion pounds, inline with the USDA’s July 2021 Objective Estimate

• It is too early to determine the size and quality of the 2022 California crop, with harvest to commence in August 2022

• Australian almond exports are up 15% for the season to date (Mar to Dec), with limited carry-over expected into next season

• The importance of the China and India markets can be seen in the export figures, with Chinese and Indian exports increasing by 36% and 50% respectively this season to date. China and India now account for 63% of all Australian almond exports

Chart source: Almond Price: Stratamarkets| Almond Exports: Almond Board’s of California and Australia’s December 2021 export reports. 1. Australia and the U.S (specifically California) account for approximately 87% of global almond production

27

2022 Outlook

1. Source: State water registers

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1. Source: Australian Bureau of Meteorology

2022 Outlook

29

FY2022 Priorities

Continue to execute on our growth strategy, underpinned by a world class portfolio of almond assets

1. Safety and Wellbeing - Ensure safety and wellbeing of all stakeholders

2. Food Division Restructure - complete the exit from Thomastown and expansion of Carina West.

3. Horticultural Program - Complete 2022 harvest and invest in 2023 crop

4. Cost Control - Maintain a focus on absolute cost to minimise cost per kg

5. Sustainability Reporting - Publish report including carbon footprint

6. Marketing program - Maximise price per kg, recognising supply chain congestion

7. Strategic Growth - Assess options to deliver additional profitable growth

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8. Manage Cash Position - Maintain strong Balance Sheet

9. Capital - Manage to improve return through the cycle.

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Paul Thompson – Managing Director

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Business of the AGM

Business of the AGM

Ordinary Business

− Consideration of Financial Statements and Reports

Resolutions

• Resolution 1: Adoption of Remuneration Report

• Resolution 2: Election of Directors

• Resolution 3: Increase in maximum annual remuneration of non-

• executive directors

• Resolution 4: Participation by the Managing Director in the Long-Term Incentive Plan

33

Consideration of Financial Statements and Reports

34

Q&A Session

35

Resolution #1: Remuneration Report

36

Resolution #1: Remuneration Report

For:	71,111,841
Against:	1,135,927
Open-Usable:	442,518

37

Resolution #2: Election of Directors

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Guy Kingwill Non-Executive Director Appointed November 2019

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Travis Dillon Non-Executive Director Appointed November 2021

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Resolution #2(a): Election of Guy Kingwill

For:	71,275,670
Against:	2,108,857
Open-Usable:	508,881

39

Resolution #2(b): Election of Travis Dillon

For:	71,462,382
Against:	1,914,827
Open-Usable:	510,881

40

Resolution #3: Increase in maximum remuneration of non-executive directors

41

Resolution #3: Increase in maximum remuneration of non-executive directors

For:	72,003,082
Against:	887,075
Open-Usable:	441,837

42

Resolution #4: Participation by the Managing Director in the Long-Term Incentive Plan

43

Resolution #4: Participation by the Managing Director in the Long-Term Incentive Plan

For:	70,293,150
Against:	1,342,323
Open-Usable:	443,827

44

Thank You

Please direct any queries to: Paul Thompson Brad Crump Andrew Angus Managing Director CFO and Company Secretary Investor Relations +61 3 9474 3544 +61 3 9474 3544 +61 402 823 757

Please note that background material/data regarding the global almond industry can be found on the Select Harvests Limited website.

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Piangil Almond Orchard

45

Appendices

Historical Financial Summary

Select Harvests consolidated results for year ended 30 September/June

SELECT HARVESTS CONSOLIDATED	2009 2010 2011 2012 2013 2014* 2015 2016 2017 2018 2019 2020 2021**	2009 2010 2011 2012 2013 2014* 2015 2016 2017 2018 2019 2020 2021**
RESULTS FOR YEARS ENDED 30 SEPTEMBER/JUNE	30-June	30-September
Total sales Earnings before interest and tax Operating profit before tax Net profit after tax Earnings per share (Basic) (cents) Return on shareholders' equity (%) Dividend per ordinary share (cents) Dividend franking (%) Dividendpayout ratio (%)	248,581 238,376 248,316 246,766 190,918 188,088 223,474 285,917 242,142 210,238 298,474 248,26 288,217 26,827 26,032 22,612 (2,495) 5,241 31,288 85,845 49,785 16,979 34,869 80,065 38,726 18,165 23,047 23,603 18,473 (8,743) 198 26,833 80,514 44,290 11,978 29,464 76,108 36,662 15,892 16,712 17,253 17,674 (4,469) 2,872 21,643 56,766 33,796 9,249 20,371 53,022 25,001 15,116 42.6 43.3 33.7 (7.9) 5.0 37.5 82.9 46.7 12.6 23.2 55.5 26.0 12.7 16.6 15.2 10.5 (2.8) 1.8 12.3 19.8 11.6 3.3 5.4 12.7 6.2 2.9 12 21 13 8 12 20 50 46 10 12 32 13 8 100 100 100 100 100 55 - 54 100 100 100 100 100 28.2 48.5 38.6 (101.3) 239.8 53.5 62.8 99.1 79.4 51.7 57.7 50.0 62.9
Financial ratios Net tangible assets per share ($) Net interest cover (times) Net debt/equity ratio (%) Current asset ratio (times)	1.56 1.87 2.17 2.19 2.14 2.38 3.35 3.22 2.95 3.34 3.60 3.46 3.68 7.10 10.70 6.70 (0.4) 1.0 6.9 15.9 9.0 3.4 6.4 20.0 18.7 8.0 51.9 39.6 43.3 41.7 49.6 54.0 38.2 23.1 52.5 18.7 6.6 79.6^ 66.7 0.79 1.44 1.96 1.42 1.61 4.02 3.36 1.90 1.05 4.49 2.74 2.39 2.22
Balance sheet data as at 30 June Current assets Non-current assets Total assets Current liabilities Non-current liabilities Total liabilities Net assets	81,075 83,993 91,228 76,936 123,303 136,639 207,782 155,521 136,610 162,118 173,666 217,397 257,838 133,884 145,612 214,352 202,371 180,542 194,080 280,130 294,251 343,081 354,435 379,190 607,497 745,967 214,959 229,605 305,580 279,307 303,845 330,719 487,912 449,772 479,691 516,553 552,856 824,8941,003,805 102,348 58,469 46,454 54,369 76,800 33,988 61,893 81,783 130,371 36,104 63,455 91,062 116,050 11,735 57,515 90,311 64,608 67,540 121,325 138,632 77,088 71,701 101,809 73,398 328,822 360,799 114,083 115,984 136,765 118,977 144,340 155,313 200,525 158,871 202,072 137,913 136,853 419,884 476,849 100,876 113,621 168,815 160,330 159,505 175,406 287,387 290,901 277,619 378,640 416,003 405,010 526,956
Shareholders' equity Share capital Reserves Retained profits Total shareholders' equity	46,433 47,470 95,066 95,957 97,007 99,750 170,198 178,553 181,164 268,567 271,750 279,096 397,343 12,949 11,327 11,201 10,472 9,144 12,190 12,818 11,168 11,602 9,601 10,417 14,280 7,657 41,494 54,824 62,548 53,901 53,354 63,466 104,371 101,180 84,853 100,472 133,836 111,634 121,956 100,576 113,621 168,815 160,330 159,505 175,406 287,387 290,901 277,619 378,640 416,003 405,010 526,956
Other data as at 30 June Fully paid shares (000) Number of shareholders	39,519 39,779 56,227 56,813 57,463 57,999 71,436 72,919 73,607 95,226 95,737 96,637 120,224 3,296 3,039 3,227 3,359 3,065 3,779 4,328 8,908 11,461 11,943 10,331 11,258 10,236
Select Harvests' share price - close ($)	2.16 3.46 1.84 1.30 3.27 5.14 11.00 6.74 4.90 6.90 7.69 5.57 8.29
Market capitalisation	85,361 137,635 103,458 73,857 187,904 298,115 785,796 491,474 360,674 657,059 736,218 538,268 996,660

$'000 (except where indicated)

• The 2014 result has been restated due to the early adoption of changes to Accounting Standards, AASB 116 Property, Plant and Equipment, and AASB 141 Agriculture, impacting 'bearer plants’.

^As a result of implementation of AASB16 Leases on 1 October 2019, the Company recognised Right-of-use assets and lease liabilities in its books

47

Yield Performance

A third consecutive year of yield outperformance across all age cohorts and growing regions[1] . Immature orchards delivered an additional 1,876 MT above industry standard yields in FY2021

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FY2021 Yield Performance (MT/Hectare)
Immature Mature
4
3
2
1
0
3rd Leaf 4th Leaf 5th Leaf 6th Leaf Central Piangil Northern Southern Total
Industry standard yield Yield above industry standard
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Points to Note

• Biennial Nature of Crop

• The almond crop is biennial in nature with +/10% per annum variation in tonnage possible

• Variation between Regions and Farms

• Yields are not uniform and vary across both farms and growing regions

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1. Excludes Central Region in FY2021, which was adversely impacted by a power outage on the regions largest farm

48

Volume Growth

Our investment in greenfield developments and orchard acquisitions will underpin long term growth

Select Harvests Theoretical Harvest Volume (MT)

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33%
30,980
22% 29,537
FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28
Theoretical
Volume
1 1 2
Yield from Existing Portfolio Yield from Committed & Immature New Plantings Piangil Orchard
28,250
22,690 23,250
15,700
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1. Assumes a 3.3MT per ha (1.35MT per acre) mature yields and immature yields based on the average of the 2019, 2020 and 2021 crops 2. Assumes a 3.5MT per ha (1.40MT per acre) mature yields for Piangil Orchard.

49

Orchard Portfolio

One of the world’s largest almond growers, with a geographically diverse 9,262-hectare orchard portfolio

Select Harvests Orchard Map

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Benefits of Geographic Diversity & Scale

• Geographic diversity limits exposure to:

• Weather

• Disease spread

• Insect infestation

• Positions the company to maximise harvest volume and reduce variance

• Enables sequential progression of harvest period across regions for better utilization of:

• Farm equipment

• Processing

• Labour

• Secure access to diverse water sources:

• River Water

Aquifers

• Maximises economies of scales to achieve

• Global bottom quartile almond farming and processing costs

• Scalable adoption of proven on-farm technologies and processes

50

Planted Hectares

2.6x growth in planted hectares since 2012[1]

Select Harvests Orchard Profile

Select Harvests		Total Planted
Almond orchard portfolio	(as at	30 September 2021)
	hectares	acres
Central Region
Company Owned	1,693	4,183
Piangil Orchard	1,566	3,870
Leased	1,385	3,422
Total	4,644	11,475
Northern Region
Company Owned	727	1,797
Leased	1,221	3,017
Total	1,948	4,814
Southern Region
Company Owned	1,120	2,769
Leased	1,549	3,828
Total	2,670	6,597
Total
Company Owned	5,107	12,619
Leased	4,155	10,267
Total	9,262	22,886

Select Harvests Planted Almond Hectares[1]

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9,262 9,262
20%
7,677 7,696
7,135
6,686
5,387 [5,594]
4,056
3,563
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
SHV Orchards Piangil Orchard
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51

1. Excludes West Australian orchards which were sold by Select Harvests in 2016

Orchard Age Profile

Select Harvests weighted average orchard age is 13.5 years, with 100% of current planted acres cash generative[1]

Age Profile of Select Harvests Almond Orchards[1] (100% of current planted hectares are cash generative)

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25% 71% 4%
Planted orchards are Planted orchards in economic sweetspot - Planted orchards post
immature low capex & high cash generation economic maturity
16%
14%
12%
10%
8%
6%
4%
2%
0%
1
Tree Age (Years)
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38
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52

1. Tree age is in reference to the 2022 crop

Orchard Acquisition & Development History

26 separate almond orchard acquisitions and greenfield developments since 2010: 7,968 hectares in total[1]

• Pre 2010 (1,294 ha) 2011 2014 2016 • • • • Kyndalyn Park (405 ha) Belvedere (603 ha) Allinga (253 ha) Mountview (81 ha)

• • • • • Boundary Bend (127 ha) Bannerton (48 ha Amaroo (782 ha) Mountview greenfield (43 ha)

• • added to Carina) • • Wemen (163 ha) Mullroo (163 ha) Amaroo greenfield (135 ha)

• • • Blaxland (157 ha • • 2018 Lake Powell Lot 2 (202 AOAL greenfield Mullroo greenfield (129 ha)

• • ha)Lake Powell Lot 5&6 • added to Carina)Lake Powell Lot 1 (51 ha, added to Carina) • Bunargool greenfield (578 ha) • Billa Downs greenfield 2020 • Piangil (213 ha) (208 ha) (1,566 ha)

• (397 ha) 2010 2011 2013 2014 2015 2016 2017 2018 2019 2020 2021

• 2010 2013 2015 2017 2019 • • • • • Yilgah (1,006 ha) Maxdy (120 ha added to Allinga greenfield Jubilee (465 ha) Pocock (19 ha)

• • Mooral (215 ha) Carina) (384 ha) • Farm 7 greenfield • Agrico (279 ha added to (158 ha) Today (9,262 ha)

• Carina) • AOAL greenfield (13

• • AOAL (118 ha added to ha, added to Carina) Carina) • Amaroo greenfield (181 ha)

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1. Excludes West Australian orchards which were sold by Select Harvests in 2016

Useful Almond Industry Websites

Select Harvests Internal Video

https://vimeo.com/680215981

Industry Associations

• Californian Almond Board

• Almond Board of Australia

• International Nut and Dried Fruit Council

www.almondboard.com www.australianalmonds.com.au www.nutfruit.org/about-us/history

Industry Reports

• US Crop Forecasts (Subjective, Objective)

• Monthly Almond Position Reports

• Almond Almanac

• UC Davis Almond Development Costings

• INC Nuts & Dried Fruits Yearbook

• INC World Tree Nut Trade Flows

www.almonds.com/tools-and-resources/crop-reports www.almonds.com/tools-and-resources/crop-reports/position-reports www.almonds.com/tools-and-resources/crop-reports/almond-almanac https://coststudies.ucdavis.edu/en/current/commodity/almonds/ https://www.nutfruit.org/files/tech/1625230833_INC_Stats_2021.pdf https://www.nutfruit.org/files/multimedia/1621524924_Trade_Map_Series.pdf

Almond Companies

 Blue Diamond Growers www.bluediamond.com  Blue Diamond Ingredients www.bdingredients.com/category/almond-market-analysis  Almond Insights www.almondinsights.com  Derco Foods www.dercofoods.com/en/english-reports/english-almond-reports  RPAC Almonds www.rpacalmonds.com/marketnews  Wonderful Pistachios & Almonds www.wonderfulpistachiosandalmonds.com/#ourdifference

Definition & Explanations

Certain financial measures mentioned in this presentation (including EBITDA, EBIT & ROCE) are Non-IFRS measures. They are used by the company

and are relevant because they are consistent with measures used internally by management and by some in the investment community to assess the operating performance of the business. The non-IFRS measures have not been subject to audit or review.

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