Slide 1: Noumi Limited 2026 Results
Noumi Limited 2026 Results 20 August 2026
Slide 2: Important notice and disclaimer
Important notice and disclaimer Summary Information Only This presentation criteria contains general information about Noumi Limited and its consolidated entities (“Noumi Limited”) and its activities current as at the date of this presentation. It is provided in summary and does not purport to be co
Slide 3: FY26 Overview
FY26 Overview Noumi Limited 2026 Results 3
Slide 4: Earnings growth, and investment into brand
Earnings growth, and investment into brand Solid adjusted operating EBITDA1 growth in FY26, with revenue growth supported by commodity pricing and a broader mix of brands, channels and markets. Total Milklab brand revenue across plant & dairy grew 5.5% overall with HORECA flat as economic conditions
Slide 5: Our Business Units
Our Business Units Noumi Limited 2026 Results 5
Slide 6: Our Brands
Noumi has a broad portfolio of strong Our Brands brands that meet differing consumer needs and occasions across multiple markets. 6
Slide 7: Financial performance highlights
Financial performance highlights Adjusted operating EBITDA of $61.8m up 7.6% on FY25. Group revenue rose 8.8% to $648.4 million. Plant-based Milks record sales of $186.3m up 2.4% and adjusted operating EBITDA of $43.1m, down 14.2% on FY25 after step up in marketing and capability Dairy & Nutritional
Slide 8: Financial Highlights
FINANCIAL HIGHLIGHTS $61.8m $21.6m $43.1m ADJ OP EBITDA 1,2 DAIRY & NUTRITIONALS PLANT-BASED MILKS ADJ OP EBITDA 1 ADJ OP EBITDA 1 $4.4m $10.5m $7.2m $648.4m $462.0m $186.3m NET REVENUE DAIRY & NUTRITIONALS PLANT-BASED MILKS NET REVENUE NET REVENUE $52.5m $48.2m $4.3m $67.2m STATUTORY NET LOSS AFTER
Slide 9: Revenue highlights
Revenue highlights Australia’s Own EXPORT In retail plant-based Dairy Milk Lactose Free Plant-based Milks milks 37.5% 11.1% 9.8% 44.6% DAIRY MILK COMMODITIES Disciplined return to Oat Bulk Cream export markets 20.3% 33.5% 49.4%
Slide 10: Milklab marketing investment accelerates across all markets
Milklab marketing investment accelerates across all markets AUSTRALIA GLOBAL TRADE SHOWS INTERNATIONAL 10 Year Anniversary | Coffee Shop Sets | Milklab Sensations | Trade Shows World of Coffee Bangkok & Dubai Activations | Global Partnerships HORECA Activations | Portfolio expansion (Lactose Free &
Slide 11: Growing our people, strengthening Noumi
Growing our people, strengthening Noumi Over 500 team members in Australia and globally powering Noumi’s success. Stop for Safety and Safe Together programs contribute to improved safety outcomes across both production sites. Under our Safe Together safety program Ingleburn site has surpassed 500 da
Slide 12: Our Manufacturing Sites
OUR MANUFACTURING SITES Dairy & Nutritionals Plant-based beverages Shepparton, VIC Ingleburn, NSW • Noumi Nutritionals is a leading Australian • Our state-of-the-art facility in Ingleburn manufacturer of quality specialises in the development and shelf-stable dairy products and premium manufacturing
Slide 13: The Healthier Tomorrow Plan
The Healthier Imagining a Healthier Tomorrow is Noumi’s strategic purpose and Tomorrow Plan our guiding light as we seek to create a positive impact by promoting: For our consumers Through our farmers For our people & communities & production processes & stakeholders These Principles are the foundat
Slide 14: Strategy
Strategy Noumi Limited 2026 Results 14
Slide 15: Noumi Limited 2026 Results
Noumi Limited 2026 Results 15
Slide 16: Strategy | Plant-based Milks
Strategy | Plant-based Milks Focus Areas Refreshed Milklab’s brand identity, celebrating the roasters, baristas and cafés behind its 10-year journey. Relaunched Milklab Soy with improved formulation developed with leading roasters and baristas to improve flavour, texture and stretch. Continued growt
Slide 17: Strategy | Dairy & Nutritionals
Strategy | Dairy & Nutritionals Focus Areas Investment continues across the segment, including new ultra- filtration capability commissioned at Shepparton. Continued expansion of dairy product lines to support sustained growth. Improving production performance, product mix and value extraction from
Slide 18: Financial Performance
Financial Performance Noumi Limited 2026 Results 18
Slide 19: FY26 Earnings
FY26 Earnings Summary of performance FY26 ($m) FY25 ($m) Change ($m) Net revenue up $52.5m – Milklab total brand sales up 5.5%; Net revenue 648.4 595.8 52.5 Export Long-life dairy up 49.4%, bulk cream up 33.5% Adj operating EBITDA1, 2 61.8 57.4 4.4 Adjusted operating EBITDA $61.8m up 7.6%, despite i
Slide 20: Financial Performance | Plant-based Milks
Financial Performance | Plant-based Milks Financial results Summary of performance FY26 ($m) FY25 ($m) Change ($m) Change Segment revenue growth of 2.4%, with decline in EBITDA reflecting impact of deliberate brand and marketing investment Net revenue 186.3 182.0 4.3 2.4% into key channels and marke
Slide 21: Financial Performance | Dairy & Nutritionals
Financial Performance | Dairy & Nutritionals Financial results Summary of performance FY26 ($m) FY25 ($m) Change ($m) Change Adjusted operating EBITDA up 94.1% to $21.6m – a fourth consecutive year of earnings growth, and benefiting from Net revenue 462.0 413.8 48.2 11.6% commodity price tailwinds.
Slide 22: FY26 Balance Sheet
FY26 Balance Sheet Summary Cash and Borrowings Cash at bank of $15.3m with undrawn finance facility of FY26 ($m) FY25 ($m) Change ($m) $10.0m. Financial Statements prepared on going concern basis, with material uncertainty identified. Cash and cash equivalents 15.3 16.2 (0.9) Financial debt (excl. C
Slide 23: Capital structure overview
Capital structure overview Summary Drawn Facility limit Convertible notes carried on balance sheet at fair value. This Balance at 30 June 2026 amount Maturity ($m) is different to redemption value (see FY26 annual report). ($m) Revolver Finance Facility (36.0) (46.0) Mar-27 Convertible Notes issued
Slide 24: Cash Flow
Cash Flow Summary FY26 ($m) FY25 ($m) Net cash flow from operations above prior year with improved Cash generated from trading 69.1 67.0 trading result Net finance costs (18.3) (18.8) Property, plant and equipment (8.5) (4.9) Working capital management remains a priority, including Income taxes paid
Slide 25: Outlook
Outlook1 Noumi enters FY27 with a stronger operating platform, deeper capability and clear priorities for disciplined improvement. However, the external environment remains unsettled, with commodity movements, input costs volatility, currency shifts and changing consumer demand continuing to influen
Slide 26: Scheme Implementation Deed with Arrovest
Scheme Implementation Deed with Arrovest Noumi’s current debt obligations, including the Notes redemption amount, are Noumi is required to pay ~$610m of Convertible Notes in May 2027 under approximately $703 million1. The transaction value, including the equity value their existing terms, with the S
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Slide 28: Noumi. Imagining a healthier tomorrow
noumi. Imagining a healthier tomorrow