A2 Milk Company Limited · NZX:ATM

A2 Milk — The a2 Milk Company — H1 FY2018 Earnings Presentation

30 slides from A2 Milk's earnings presentation, Feb 21, 2018

  1. Slide 1: Half year interim results FY18

    Half year interim results FY18 Geoffrey Babidge| Managing Director & CEO 21 February 2018 a2 Milk™, a2 Platinum™ and The a2 Milk Company™ are trade marks of The a2 Milk Company Limited

  2. Slide 2: Disclaimer

    Disclaimer This presentation dated 21 February 2018 provides additional comment on the Interim Report for the six months ended 31 December 2017 of The a2 Milk Company Limited (the “Company” or “a2MC") and accompanying information released to the market on the same date. As such, it should be read in

  3. Slide 3: Contents

    Contents ¢ Result highlights ¢ Financial overview ¢ Group strategy update ¢ Regional update ¢ Outlook

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  6. Slide 6: Key financial charts

    Key financial charts’ Group Revenue (NZ$ million) Group EBITDA2 (NZ$ million) Basic Earnings Per Share (Cents) 549.5 141.2 143.0 FY1S FY16 FYI7 1H18 FY15 FY16 FY17 1H18 FY15 FY16 FYI7 1H18 @1H @2H miH m2H Full Year mHalf Year 1 The Company‘s financial year ends 30 June; 1H refers to the first half p

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  9. Slide 9: Segment financial performance

    Segment financial performance an Australia & New | China & other 2 Total NZS million Zealand ‘Asia Corporate UK & USA’ Group Infant Formula tute Revenue 304.2 114.4 - 16.1 434.7 341.0 EBITDA' 116.4 48.3 (13.3) (8.4) 143.0 417 Revenue 206.6 37.7 - 11.8 256.1 184.5 EBITDA 70.4 13.7 (12.3) (7.7) 64.1 R

  10. Slide 10: Reconciliation of non-GAAP measures

    Reconciliation of non-GAAP measures NZ$ million 1H18 1H17 Australia & New Zealand Segment EBITDA 116.4 70.4 China & other Asia Segment EBITDA 48.3 13.7 UK & USA Segment EBITDA (8.4) (7.7) Corporate EBITDA (13.4) (12.3) EBITDA' 143.0 64.1 Depreciation/Amortisation (1.1) (1.6) EBIT! 141.9 62.5 Net int

  11. Slide 11: Cash position

    Cash position Group Cash Movement: 1H18 (NZ$ million) 423 43.2 ss 052) es “ Cash on hand Group NPAT Inventory build Other working capital__ Investments in Depreciation, FX and other Cash on hand Qun-17) PPE & intangibles amortisation & other (Dec-17) non-cash + Inventory build reflects increase in i

  12. Slide 12: Group strategy update

    Group strategy update J

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  17. Slide 17: New unifying brand identity rolling out across regions and innovation

    New unifying brand identity rolling out across regions and innovation CHOCOLATE! REDUCED FAT MILK Pregnancy, infant and toddler nutrition _—— 2H18 launch

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  19. Slide 19: 1H18 regional performance overview

    1H18 regional performance overview' ANZ Revenue (NZ$ million) China & other Asia Revenue (NZ$ million) IK & USA Revenue (NZ$ m 439.6 21.0 FY15 FY16 FY17 1H18 FY15S FY16 FYI7 1H18 FY1S FY16 FY17 1H18 m1H =2H m1Hm@2H m1H @2H * Revenue: $304.3 + Revenue: $114.4 + Revenue: $16.1 * EBITDA: $116.4 * EBITD

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    For personal use only • • • 安吉 胡可

  23. Slide 23: Hong Kong: new video billboards in high traffic zones

    Hong Kong: new video billboards in high traffic zones' View billboard video here ’ Advertisement runs January 2018 through February 2018, and continues post Chinese New Year 23

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  27. Slide 27: Science developments

    Science developments Studies published: ¢ Human clinical research study! involving 600 Han Chinese participants reported benefits of a2 Milk™ with respect to milk intolerance — Al protein? found in conventional milk may trigger symptoms associated with milk intolerance! Studies completed and submitt

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  30. Slide 30: thea2milkcompany.com

    thea2milkcompany.com

The a2 Milk Company — H1 FY2018 Earnings Presentation on 6ix