Libstar Holdings Ltd. · JSE:LBR
Libstar — Investor Day (April 2026)
40 slides from Libstar's investor day presentation, Apr 1, 2026
Slide 1: Welcome to Capital Markets Day
WELCOME TO CAPITAL MARKETS DAY 1 APRIL, 2026
Slide 2: Welcome to the Mega-Sauce Factory, Montagu
WELCOME TO THE MEGA-SAUCE FACTORY MONTAGU
Slide 3: One Purpose
ONE | PURPOSE
Slide 4: As one Libstar, we unlock value through sustainable, profitable growth
As one Libstar, we unlock value through the sustainable, profitable growth of our select portfolio of consumer-inspired food brands and the development of innovative category solutions. We achieve this by being trusted partners, working closely with our customers and constantly enhancing our reputat
Slide 5: What this makes us
WHAT THIS MAKES US Combined Stronger Focused
Slide 6: WCC Evolution
WCC EVOLUTION AMBIENT PRODUCTS Established: 2001 Joined Libstar: 2007 Wet Condiments Category Established 2025 Target 2026: R2b Established: 1995 Joined Libstar: 2008 Factory Merger: Planned 2026 Capex Investment: R55,7 Approved Established: 1960 Simplify | Grow | Sustain Joined Libstar: 2005 Establ
Slide 7: Onederful Benefits! Simplify, Grow
ONEDERFUL BENEFITS! SIMPLIFY GROW
Slide 8: One Strategy: Simplify
ONE STRATEGY dSimPLirY.
Slide 9: One Strategy: Simplify, Grow
ONE STRATEGY SIMPLIFY GROW
Slide 10: One Strategy: Simplify, Sustain, Grow
ONE STRATEGY SIMPLIFY SUSTAIN GROW
Slide 11: Simplicity: Our KVI's
SIMPLICITY OUR KVI’S
Slide 12: Streamline Our Capabilities
CREATE EASIER STREAMLINE OUR CAPABILITIES Move NPD Opportunities Consolidation Job Creation Dickon Hall Foods Endless capacity and Admin & Support 102 Positions Gauteng new capabilities Functions Montagu Foods to Western Cape Montagu Foods Western Cape
Slide 13: KVI's: Create Easier, Work Better
CREATE EASIER WORK BETTER OUR KVI’S
Slide 14: Align Our Culture
WORK BETTER ALIGN OUR CULTURE Team Connect Montagu Foods Implementation Aligning all teams, One Excellent working culture O f culture improvement Vision, One Goal program Growth opportunities
Slide 15: KVI's: Fly Higher
CREATE EASIER WORK BETTER OUR KVI’S FLY HIGHER
Slide 16: Accelerate Our Profits
FLY HIGHER ACCELERATE OUR PROFITS Quality Standards Enabling Growth Improved Costs: 1. BRC Accreditation 1. Brands 1. FAGP Improvement 2. External Auditing 2. Foodservice 2. Conversion Costs Standards 3. Export reduction G&A improvement 3. RONA improvement
Slide 17: KVI's: Dig Deeper
CREATE EASIER WORK BETTER OUR KVI’S DIG DEEPER FLY HIGHER
Slide 18: Enhance Our Operations
DIG DEEPER ENHANCE OUR OPERATIONS Procurement focus to Target labour efficiencies Reduce waste and Improved Customer increase gross profit improve production yields Relationships Economies of scale
Slide 19: KVI's: Reach Further
CREATE EASIER REACH FURTHER WORK BETTER OUR KVI’S DIG DEEPER FLY HIGHER
Slide 20: Grow Our Capabilities
REACH FURTHER GROW OUR CAPABILITIES Expand capabilities, execute the relocation to Montagu with EXCELLENCE, Further grow our CATEGORIES
Slide 21: Entrepreneur Corporate
TREPRENEUR were A( al _— ENT!
Slide 22: One Direction
ONE DIRECTION
Slide 23: Slide 23
Slide 24: Our Commitment
QUR | COMMITMENT
Slide 25: Relocation Excellence, Simplify Process, NPD Execution, One Mega Sauce Factory
Relocation Simplify Process NPD Execution Excellence Uplift the One Mega Community Sauce Factory
Slide 26: Onederful Benefits!
ONEDERFUL BENEFITS!
Slide 27: Cost Saving, Increase Capacity, Quality Compliance, Strategic Growth
Cost Saving Increase Capacity Workforce and OPS Efficiencies Improvements Quality Compliance Strategic Growth
Slide 28: We Drive Categories, Markets, Brands, Trends
WE DRIVECATEGORIES MARKETS BRANDS TRENDS
Slide 29: Robertson's Baking Aids: Still Dominates
ROBERTSON’S BAKING AIDS: STILL DOMINATES IN 3 OF THE 4 SUB-SEGMENTS. BAKING POWDER SHOWING GREAT GROWTH Baking Powder TDM - R188.2m RBS - R18.09m Colourants TDM - R15.2m RBS - R13.2m Market Share: Market Share: 9.6% 86.9% Total Category Value = R465m Growth 12mm +5.9% / - 1.0% / +16.7% +9.1% (DEC 20
Slide 30: Robertson's Baking Chemicals: Over 70% Market Share
ROBERTSON’S BAKING CHEMICALS: OVER 70% MARKET SHARE IN ALL SUB-SEGMENTS Bicarb of Soda TDM - R131.5m RBS - R104.6m Epsom Salts TDM - R21.5m RBS - R18.1m Market Share: Market Share: 79.6% 84.4% Total Segment Value = R170m Growth 12mm +20.5%/ +11.3%/ +28.2% +8.7% (DEC 2025) +16.8% Growth +4.8pp Growth
Slide 31: Denny Performance
DENNY PERFORMANCE Pasta Sauces R194.7m/ R 23.7m Cook-in-Sauces R 83.1m/ R 23.6m Market Share: Market Share: Savour the 11.9% 28.4% flavour 6.6%/ 5.3%/ 15.4% 3.9% Category Value: R 398m Growth 0.9pp Growth - 0.4% pp Share Category Growth 12mm Growth Share (Dec 25) Decline +6.1% Pour over sauce R 92.7
Slide 32: Denny Dry Performance
DENNY DRY PERFORMANCE Dry Pasta Sauces R64.9m/ R1.5m Dry Cook-in-Sauces R 146.3m/ R 619k Market Share: Market Share: Savour the 1.0% 0.2% flavour Category Value: R 990m Category Growth 12mm (Dec 25) -0.7% Dry Stock R 779m/ R 94k Sales-in= R10.4m Market Share: Brand Value: R 2.3m 0.2% Market Share Br
Slide 33: Safari Vinegar Performance
SAFARI VINEGAR PERFORMANCE Apple Cider R 40.4m/ R 13.3m Spirit R 226.3m/ R 21.9m Market Share: Market Share: Category Value: R 320.2m* 32.9% 9.7% *Incl Specialty and Wine +13.8%/ +3.7%/ Category Growth 12mm + 10.4% +60.5% Growth Growth (Dec 25) - 1.0pp +3.4pp +5.6% Share Share decline growth Grape R
Slide 34: Speciality Products Driving the Growth
SPECIALITY PRODUCTS DRIVING THE GROWTH Core Honey Speciality Fish R 360 m/ R 97 m/ R 37 m R 3,4 m Market Share: Market Share: 10.4% 3.6% Category Growth 12mm (Jan 2024) +12.9% +13,4%/ +10,5% +12%/ +84% Growth Growth Brand Sales Growth 12mm - 0,3pp + 1,4 pp Share Share (Jan 2024) +17.1% Growth Growth
Slide 35: Jan Braai Brand Performance
JAN BRAAI BRAND PERFORMANCE Brown Sauce Cook-In Sauce R 333.5 m/ R 83 m/ R 8.7 m R 7.4 m Market Share: Market Share 2.6% 8.9% Category Value: R 416m +12.7%/ +5.3%/ - 6.1% 43.6 % Category Growth 12mm Decline Growth (Dec 2025) +11.2% - 0.5pp +2.pp share Share decline growth Brand Value: R 16.1m 3.9% M
Slide 36: AGT Innovation / Renovation 2026
AGT INNOVATION / RENOVATION 2026 Q1 Robertsons Icing Robertsons Castor Denny Denny Jan Braai Red Lion Red Lion Sugar Sugar Bakes Range Canned Soup Curry Potjie Braai Sauce Peri Peri Sauce Chicken & Corn Sauce Q2 Goldcrest Robertson Denny Jan Braai Red Lion Chimichurri Sauce Essences Pasta Pastes Sea
Slide 37: We Drive Categories: Definitions Are Shifting, Private Label, Brands
WE DRIVE CATEGORIES! DEFINITIONS ARE SHIFTING PRIVATE LABEL BRANDS
Slide 38: One Big Idea
ONE | BIG IDEA
Slide 39: An Environment for Excellence!
AN ENVIRONMENT FOR EXCELLENCE! GREAT PLACE TO WORK, WHERE WE BELONG AND ARE RECOGNISED WHILST DELIVERING BENEFITS TO STAKEHOLDERS
Slide 40: Thank You
c LIBSTAR THANK YOU 5