Slide 1: Rainbow Chicken Limited Annual Financial Results
RAINBOW CHICKEN LIMITED ANNUAL FINANCIAL RESULTS for the year ended 29 June 2025
Slide 2: Disclaimer
DISCLAIMER Rainbow Chicken Limited (“Rainbow”) has made every effort to ensure the accuracy and completeness of the information in this presentation. However, the recipients should be aware that any information contained in this presentation has not been audited or reviewed by Rainbow’s external a
Slide 3: Agenda
AGENDA 01 SALIENT FEATURES & Marthinus Stander – CEO STRATEGIC REVIEW 02 FINANCIAL Kerry Van der Merwe – CFO REVIEW 03 OPERATIONAL Wouter De Wet – COO REVIEW 04 PROSPECTS Marthinus Stander – CEO RAINBOW CHICKEN LIMITED ANNUAL RESULTS JUNE 2025 3
Slide 4: Salient Features & Strategic Review
01 SALIENT FEATURES & STRATEGIC REVIEW MARTHINUS STANDER | CEO RAINBOW CHICKEN LIMITED ANNUAL RESULTS JUNE 2025
Slide 5: Reflections by the CEO
REFLECTIONS BY THE CEO Since Rainbow’s listing on the JSE on 26 June 2024, the entity has been marked by strong progress. Rainbow’s ambition is clear: to be South Africa’s market leading, best-in-class and low-cost chicken producer, delivering sustainable value to all stakeholders. Commodity prices
Slide 6: Key Highlights
KEY HIGHLIGHTS STRATEGY IS DELIVERING AS INTENDED, WITH CLEAR PROGRESS ACROSS OUR CORE OPERATIONS • The Groups turnaround EBITDA1 EARNINGS EPS REVENUE EBITDA¹ strategy has yielded positive results. R1,059 billion R571.2 million 64.04 cents R15,8 billion • We have strengthened 9.0% 66.2% 216.9%
Slide 7: Business and Strategy Model
BUSINESS AND STRATEGY MODEL t and committed te ompeten ams C A thorough assessment of the operating Pr og re s an si environment has shaped the development t ve pro OPERATIONAL stm re en d im ce ve tu of the five strategic pillars. EFFICIENCIES l in ruc pro ssin pita ast vem g KP and caed infr ent I
Slide 8: Industry Matters
INDUSTRY MATTERS Uncertainty in trade policy and tariff Poultry Master Plan 2.0 is centred on driving exports. The enforcement mainly due to the volatile USA tariff situation. South African poultry industry requires further engagement South African poultry is a national asset and should be between D
Slide 9: Financial Review
02 FINANCIAL REVIEW KERRY VAN DER MERWE | CFO RAINBOW CHICKEN LIMITED ANNUAL RESULTS JUNE 2025
Slide 10: Summary Consolidated Income Statement
SUMMARY CONSOLIDATED INCOME STATEMENT FOR THE YEAR ENDED 29 JUNE 2025 June June 2025 2024 R’000 R’000 Movement % Revenue 15 838 044 14 527 425 1 310 619 9.0 Revenue R1,3 billion, up 9.0% EBITDA¹ 1 058 677 637 174 421 503 66.2 EBITDA R421,5 million, up 66.2% EBITDA Margin 6.7% 4.4% 2.3 ppts EBITDA
Slide 11: Rainbow Historical Performance
RAINBOW HISTORICAL PERFORMANCE EBITDA¹ AND EBITDA MARGIN % 1 200 000 8.0% 6.7% 1 058 677 7.0% 1 000 000 6.0% 800 000 5.0% 637 174 600 000 4.4% 4.0% 3.0% 400 000 336 211 2.0% 3.0% 200 000 1.0% 38 644 15 059 0 0.0% 0.1% 0.3% 2021 * 2022 * 2023 * 2024 2025 EBITDA¹ EBITDA Margin ¹ Operating profit befor
Slide 12: Results Summary: EBITDA
RESULTS SUMMARY: EBITDA (R’000) EBITDA¹ MOVEMENT JUNE 2024 TO JUNE 2025 1 600 000 1 400 000 202 663 (233 086) 1 200 000 42 664 (158 418) 296 743 1 000 000 1 058 677 800 000 206 062 64 875 600 000 637 174 400 000 200 000 0 F24 EBITDA Front end Feed costs KPI's Loadshedding AI cost impact Performance
Slide 13: Summary Consolidated Statement of Financial Position
SUMMARY CONSOLIDATED STATEMENT OF FINANCIAL POSITION (INCL. WORKING CAPITAL ANALYSIS) FOR THE YEAR ENDED 29 JUNE 2025 June June Net working capital as a % of revenue 2025 2024 Movement R’000 R’000 % Non-Current Assets 2 335 841 2 187 034 6.8% 15.0% Non-Current Liabilities (839 093) (572 991) 46.4% 1
Slide 14: Summary Consolidated Cash Flow Statement
SUMMARY CONSOLIDATED CASH FLOW STATEMENT (R’000) FOR THE YEAR ENDED 29 JUNE 2025 1 200 458 854 1 806 490 1 000 800 606 595 1 255 218 600 68 104 (466 730)² (24 546) (20 133) (83 466) 400 200 12 594 0 Opening cash EBITDA adjusted Net working Replacement Expansion capital Tax paid Net interestNet movem
Slide 15: Capital Investment
CAPITAL INVESTMENT FOR THE YEAR ENDED 29 JUNE 2025 June June 2025 2024 Movement R’000 R’000 % Depreciation, amortisation and impairment 361 991 301 498 20.1 Property, plant, equipment, intangible assets and investment property 300 655 244 184 23.1 Right-of-use assets 61 336 57 314 7.0 Capital Invest
Slide 16: Operational Review: Chicken Division
OPERATIONAL REVIEW CHICKEN DIVISION Revenue R’000 EBITDA R’000 EBITDA Margin % 14 500 000 700 000 6% 685 229 600 000 5% 14 000 000 4.9% 13 969 395 500 000 4% 13 500 000 400 000 3% 13 000 000 300 000 337 923 2.7% 2% 200 000 12 500 000 12 746 473 100 000 1% 12 000 000 0 0% June 2025 June 2024 June 202
Slide 17: Operational Review: Animal Feed Division
OPERATIONAL REVIEW | CONTINUED ANIMAL FEED DIVISION Revenue R’000 EBITDA R’000 EBITDA Margin % 7 450 000 350 000 5% 7 400 000 329 199 5% 300 000 4.5% 7 389 236 4% 7 350 000 250 000 4% 253 150 3.5% 7 300 000 3% 200 000 7 250 000 3% 150 000 2% 7 200 000 7 186 161 100 000 2% 7 150 000 1% 7 100 000 50 0
Slide 18: Operational Review: Waste-to-Value Division
OPERATIONAL REVIEW | CONTINUED WASTE-TO-VALUE DIVISION Revenue R’000 EBITDA R’000 EBITDA Margin % 104 000 40 000 37% 35 000 37 358 102 000 36% 36.5% 102 359 30 000 31 959 100 000 35% 25 000 98 000 20 000 34% 15 000 96 000 96 484 33% 33.1% 10 000 94 000 32% 5 000 92 000 0 31% June 2025 June 2024 June
Slide 19: Summary of Financial Performance
SUMMARY OF FINANCIAL PERFORMANCE FOR YEAR ENDED 29 JUNE 2025 Positive momentum continues, delivering a robust Focussed working capital management and relentless annual result in the first year as a separately listed entity. financial discipline helping to drive cash conversion Gross Cash Dividend de
Slide 20: Operational Review
03 OPERATIONAL REVIEW WOUTER DE WET | COO RAINBOW CHICKEN LIMITED ANNUAL RESULTS JUNE 2025
Slide 21: Maize Prices
MAIZE PRICES SAFEX yellow maize price (R/ton) 7 000 6 000 5 000 • Maize – a key input of feed cost. 4 000 • Trading at levels below the record highs, with price softening toward 3 000 year end because of improved prospects for the 2024/25 crop. 2 000 • Local and international weather 2020 2021 2022
Slide 22: Soyabean Meal Prices
SOYABEAN MEAL PRICES CBOT (US$/ton) 600 500 • Global Soybean supply improved 400 significantly. • Improved supply resulted in improved availability of Soybean 300 meal and resultant easing of price. • Prices remain impacted by 200 2020 2021 2022 2023 2024 2025 Rand/US Dollar volatility. • Local and
Slide 23: Currency
CURRENCY Rand/US Dollar exchange rate 20 19 18 17 • The South African Rand remained USD volatile against the US dollar over 16 the year. 15 • A high of R19.75 and a low of R17.10 vs the US Dollar for the 14 12-month reporting period. • The exchange rate has a direct 13 Jun 20 Dec 20 Jun 21 Dec 21 Ju
Slide 24: Feed
FEED SALES MIX vs PY Sales mix – FY2024 Sales mix – FY2025 9% 9% 17% 18% 913 833 962 100 tons tons Volume increase = 5.3% 74% 73% Internal Sales External Poultry Other SALIENT FEATURES FINANCIAL OPERATIONAL OPERATIONAL PROSPECTS STRATEGIC REVIEW REVIEW REVIEW RAINBOW CHICKEN LIMITED ANNUAL RESULTS J
Slide 25: Chicken: Category Sales Mix
CHICKEN CATEGORY SALES MIX vs PY Sales mix – FY2024 Sales mix – FY2025 8% 8% 23% 26% 13% 14% 351 644 384 835 tons tons 20% 20% Volume increase = 9.4% 36% 32% IQF Mixed portions Prime Frozen Fresh Secondary & Tertiary Further Processed SALIENT FEATURES FINANCIAL OPERATIONAL OPERATIONAL PROSPECTS STRA
Slide 26: Chicken: Channel Sales Mix
CHICKEN CHANNEL SALES MIX vs PY Channel mix – FY2024 Channel mix – FY2025 7% 8% 29% 33% 351 644 384 835 tons tons 60% Volume increase 63% = 9.4% RWS QSR HORECA SALIENT FEATURES FINANCIAL OPERATIONAL OPERATIONAL PROSPECTS STRATEGIC REVIEW REVIEW REVIEW RAINBOW CHICKEN LIMITED ANNUAL RESULTS JUNE 2025
Slide 27: Agricultural KPIs
AGRICULTURAL KPI’S 120% 111% 110% 108% 103% 105% 106% 109% 102% 103% 103% 105% 99% 99% 100% 96% 95% 100% 95% 94% 97% 90% 86% 80% 83% 80% 70% 2021 2022 2023 2024 2025 Feed Conversion Mortality Performance Efficiency Factor Hatchability Average Daily Gain SALIENT FEATURES FINANCIAL OPERATIONAL OPERATI
Slide 28: Operational Review: Waste-to-Value Division
OPERATIONAL REVIEW WASTE-TO-VALUE DIVISION Waste-to-Value plants in Rustenburg and Worcester convert chicken processing and farming waste into usable energy sources and recycled water. Intent is to reabsorb all waste generated for application across Rainbow's manufacturing value chain. Waste-to-Valu
Slide 29: Prospects
04 PROSPECTS MARTHINUS STANDER | CEO RAINBOW CHICKEN LIMITED ANNUAL RESULTS JUNE 2025
Slide 30: Outlook
OUTLOOK CHICKEN PEOPLE DOING CHICKEN THINGS…. You can expect more of the same from Rainbow! Rainbow’s focus Our goal remains to deliver exceptional value Our commitment is to focus on remains on through innovative products and a product mix things within our control, better improvements on the that’
Slide 31: Thank You
THANK YOU