Graincorp Limited Class A · ASX:GNC

Graincorp Limited Class A — FY2002 Earnings Presentation

22 slides from Graincorp Limited Class A's earnings presentation, Dec 5, 2002

1. Slide 1: Full Year Results 2002

   GrainCorp Full Year Results 2002 Growing Solutions oa

2. Slide 2: Business - What we do

   Business - What we do ‘| GrainCorp Storage & handling Grain Marketing Merchandising | Transport Logistics Primary Processing Receive Store Move 1 Export = | _| Buy & Sell |: | |Manage Pools} Logistics Export Buy & Sell Seed Chemicals | Fertiliser Rail Logistics Road soya & rice ' Milling | | Wheat,

3. Slide 3: Business - Key Assets

   GrainCorp Business - Key Assets Growing Solutions

4. Slide 4: 2002 Result Highlights

   GrainCorp 2002 Result Highlights ©) Growing Solutions

5. Slide 5: EBITDA, PAT & Receivals

   EBITDA, PAT & Receivals $ Millions 120 100 97/98 98/99 99/00 00/01 01/02 Ms EBITDA CIPAT —@Receivals 14.0 12.0 10.0 Tonnes (Millions) GrainCorp Growing Solutions

6. Slide 6: Revenue

   Million $_ _. - Revenue — 95/96 96/97 97/98 98/99 99/00 00/01 01/02 GrainCorp Growing Solutions gw Other O Marketing @ Storage & Handling

7. Slide 7: Share Information

   Share Information Growing Solutions Grain Growers Public Association Shareholders 1 Foundation Share 8.3m Ordinary Shares soreyg Aeulpig wg" 1 ordinary shares

8. Slide 8: Earnings Per Share

   GrainCorp Earnings Per Share Growing Solutions oO. col G3 = 0 in ® a ) £ = o S) + ‘ + + : 95196 96/97 97/98 98/99 99/00 00/01 01/02

9. Slide 9: Dividends

   GrainCorp Dividends Growing Solutions

10. Slide 10: Cashflow Performance

    GrainCorp Cashflow Performance Growing Solutions @ Debt Servicing O Tax { Dividend Payments @ Capital Expenditure & Capital Structure Utilisation of Cash

11. Slide 11: Cashflow - Historical Chart

    GrainCorp Cashflow - Historical Chart Growing Solutions .0 120.0 Hw 100.0 + c Oo 80.0 + = 60.0 + = A 40.0 + 20.0 a - J Hi 1998 1999 2000 2001 2002 @ Dividends Paid B Borrowing Costs @ Capital Expenditure DO Cash from Operations

12. Slide 12: Assets, Debt & Equity

    Assets, Debt & Equity $ Millions 1998 1999 2000 2001 2002 @ Total Assets O Shareholders Equity @ Total Debt GrainCorp Growing Solutions

13. Slide 13: Return on Shareholders' Funds and Return on Assets

    1998 1999 2000 2001 2002 —@— Return on Shareho Iders' Funds lfm GTO SS Returnon Assets “= ™ Long term average targets Growing Solutions

14. Slide 14: Financial Scorecard 2001/02

    GrainCorp Financial Scorecard 2001/02 Growing Solutions

15. Slide 15: Outlook - Industry

    GrainCorp Outlook - Industry Growing Solutions

16. Slide 16: Outlook - Wheat Crop

    GrainCorp Outlook - Wheat Crop Production figures New South Wales and Victoria Growing Solutions C—_ Drought Year Gm Following Year —O—5 Year Average / 1972/73 | 1982/83 LD / 1991/92. i 1994/95 (Data sourced from ABARE) Production (kt) Drought year Following year § year average™

17. Slide 17: Outlook - GrainCorp Growth

    Outlook - GrainCorp Growth $ Millions ” i i 1998 1999 2000 2001 @ Receivals 0 Exports 2002 GrainCorp Growing Solutions

18. Slide 18: Forecast - The Environment

    GrainCorp Forecast - The Environment Growing Solutions

19. Slide 19: Forecast - Performance

    GrainCorp i i Forecast - Performance Growing Solutions

20. Slide 20: Strategic Direction

    Strategic Direction | | Right-size Core Business : Differentiate Core Business ~ Supply Chain Competition Growth Opportunities | BUSINESS GrainCorp

21. Slide 21: Strategic Scorecard 2001/02

    GrainCorp Strategic Scorecard 2001/02 Growing Solutions

22. Slide 22: www.graincorp.com

    GrainCorp www.graincorp.com Growing Solutions

GrainCorp — FY2002 Earnings Presentation on 6ix