Ridley Corporation Limited · ASX:RIC
Ridley — Investor Presentation (March 2026)
46 slides from Ridley's investor presentation, Mar 10, 2026
Slide 1: ASX Announcement: Ridley Investor Presentation FY26-FY28 Growth Plan
ASX Announcement 10 March 2026 Ridley Investor Presentation FY26 – FY28 Growth Plan Attached is the Ridley Corporation Limited (ASX:RIC) presentation “FY26 – FY28 Growth Plan” to be given today, 10 March 2026, at the Investor Strategy Day hosted by Ridley. The presentation will be delivered by membe
Slide 2: Investor Strategy Day FY26-FY28 Growth Plan
Investor Strategy Day FY26–FY28 Growth Plan 10 March 2026 LE A DING TO GE T HE R F Y2 6 – F Y2 8 G RO W TH PLA N | 1 0 MARCH 1
Slide 3: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER The material in this presentation is general decisions and obtain independent advice background information about the activities of appropriate to their circumstances. Ridley Corporation Limited (ACN 006 708 765) and its related entities (Ridley), current as at the Th
Slide 4: Contents
CONTENTS PLEASE HOLD ALL QUESTIONS TO THE END Australian Agriculture Opportunity 4 Ridley Positioning and Growth Plan 7 Ridley Business Units Fertiliser 13 Bulk Stockfeeds 20 Packaged Feeds & Ingredients 27 Capital Management 36 Summary and Conclusion 40 LE A DING TO GE T HE R F Y2 6 – F Y2 8 G RO W
Slide 5: Australian Agriculture – The Opportunity
AUSTRALIAN AGRICULTURE – THE OPPORTUNITY LE A DING TO GE T HE R F Y2 6 – F Y2 8 G RO W TH PLA N | 1 0 MARCH 4
Slide 6: Australian Agriculture Sector – The Opportunity
AUSTRALIAN AGRICULTURE SECTOR – THE OPPORTUNITY Australian agriculture industry: ‣ Agriculture production exceeds $100bn1 per annum ‣ 70%1 of production is exported (reputation as a safe and high-quality producer) Structural growth drivers: ‣ Global protein demand driven by increasing population and
Slide 7: Ridley Is Well Positioned for the Opportunity
RIDLEY IS WELL POSITIONED FOR THE OPPORTUNITY Diversified portfolio of businesses, well positioned to leverage the growing agriculture sector in Australia Fertiliser Bulk Stockfeeds Packaged & Ingredient Recovery Australian Cropping – Production Value (A$b) Australian Livestock – Production Value (A
Slide 8: Ridley – Positioned for the Opportunity
RIDLEY – POSITIONED FOR THE OPPORTUNITY LE A DING TO GE T HE R F Y2 6 – F Y2 8 G RO W TH PLA N | 1 0 MARCH 7
Slide 9: Delivering on the Opportunity
DELIVERING ON THE OPPORTUNITY Through successive Growth Plans, Ridley has generated earnings growth. By deploying the "Ridley Fundamentals" and focussing on key efficiency and growth initiatives in the FY26- FY28 Growth Plan, we expect to unlock value in the fertiliser business and continue to drive
Slide 10: The Ridley Fundamentals
THE RIDLEY FUNDAMENTALS Over the past six years, Ridley has evolved and established a business culture around five value enablers (The Ridley Fundamentals). This proven approach will continue to deliver value through our FY26-FY28 Growth Plan The Ridley Fundamentals 1: PRACTICAL 2: DISCIPLINED 3: PE
Slide 11: FY26–FY28 Growth Plan
FY26–FY28 GROWTH PLAN Continued earnings uplift from efficiency and growth initiatives... Efficiency Initiatives Growth Initiatives Earnings growth expectation FY26-FY281 Fertiliser: (slide 17) Fertiliser: (slide 18) 1E: Reset distribution network 1G: Implement regional model Disciplined M&A 2E: Int
Slide 12: Establishing the Platform for Future Growth Horizons
ESTABLISHING THE PLATFORM FOR FUTURE GROWTH HORIZONS Leveraging scale of the Group Establishing platform Next Horizon for growth ‣ Optimise the Group's distribution network and logistics capability ‣ Leverage technology and people capability for efficiency and growth ‣ Disciplined strategic M&A Curr
Slide 13: Differentiated Business Portfolio
DIFFERENTIATED BUSINESS PORTFOLIO Leading, from Fertiliser to Feed Ridley's diversified portfolio of businesses provides a critical link across key Australian agricultural sectors, each with the potential to materially grow earnings Fertilisers Bulk Stockfeeds Packaged Feeds & Ingredients "Gearing o
Slide 14: Fertiliser
FERTILISER FY26-FY28 GROWTH PLAN
Slide 15: Fertilisers Investment Thesis and Outcomes to Date
FERTILISERS INVESTMENT THESIS1 AND OUTCOMES TODATE Strategic Rationale Developments following Completion ‣ Complementary distribution footprint with shared competencies and customers ‣ Perdaman offtake agreement ‣ Establishes a new growth pillar with scale and the #1 market ‣ Dyno Nobel completed it
Slide 16: Fertiliser Business Snapshot
FERTILISER BUSINESS SNAPSHOT #1 Fertiliser Distributor in Australia Import/Export Trade Flows ‣ More than 45% market share of fertilisers on the Europe Afghanistan Canada east coast of Australia 1 Pakistan North America Fertiliser Middle East China Operations Locations ‣ Privileged domestic distribu
Slide 17: Fertilisers "Gearing Our Ecosystem to Amplify Value"
FERTILISERS "GEARING OUR ECOSYSTEM TO AMPLIFY VALUE" Using our supply diversity and scale to deliver for customers, balance risk and amplify value for the FY26-28 Growth Plan ▶ Supply diversity provides flexibility and resilience ice Effe ▶ Scale of operations through the largest east e Pr ct i Be i
Slide 18: Fertilisers Efficiency Initiatives
FERTILISERS EFFICIENCY INITIATIVES As part of the FY26-28 Growth Plan, the Fertilisers business will implement three main efficiency initiatives: 1E: Reset the 2E: Integrate 3E: Deliver Distribution Network IT Systems Procurement Savings Reset the network at 5 distribution centres Bring the Fertilis
Slide 19: Fertilisers Growth Drivers
FERTILISERS GROWTH DRIVERS As part of the FY26-28 Growth Plan, the Fertilisers business will implement three main growth initiatives all centre on driving value for the customer and grower: 1G: Implement a 2G: Add Value with 3G: Leverage Domestic Regional Model Customised Offering Supply Contracts A
Slide 20: Fertilisers Key Takeaways
FERTILISERS Key Takeaways ‣ Leading supplier to the east coast, Australia's largest fertiliser market ‣ Competitive advantage through diversity of supply, privileged distribution network and customer offering ‣ Opportunity to unlock value by applying the Ridley Fundamentals to the operating model ‣
Slide 21: Bulk Stockfeeds
BULK STOCKFEEDS FY26-FY28 GROWTH PLAN
Slide 22: Bulk Stockfeeds Business Snapshot
BULK STOCKFEEDS BUSINESS SNAPSHOT #1 Stockfeeds Supplier in Australia Raw Material Import Trade Flows ‣ More than 20% market share of Stockfeeds on east coast of Australia Europe Bulk Stockfeeds China Operations Locations ‣ Operating 13 feedmills: Toowoomba ‣ 5 Monogastric (poultry, swine) Clifton ‣
Slide 23: Bulk Stockfeeds "Leveraging the Flywheel Effects of Scale"
BULK STOCKFEEDS “LEVERAGING THE FLYWHEEL EFFECTS OF SCALE“ Ongoing momentum from the Bulk Stockfeeds Flywheel is expected to deliver the FY26-FY28 Growth Plan Growth Efficiency ‣ Drive efficiencies within current footprint De-bottleneck, Optimise Ridley ‣ Share benefits with customers to stimulate d
Slide 24: Bulk Stockfeeds Drivers
BULK STOCKFEEDS DRIVERS Earnings uplift driven by efficiency and growth initiatives through the FY26-FY28 Growth Plan EFFICIENCY INITIATIVES GROWTH INITIATIVES Increase value by deploying technology to improve Grow bulk volumes through customer partnerships feed consistency, and improved planning to
Slide 25: Stockfeed Ingredient Optimisation Project
STOCKFEED INGREDIENT OPTIMISATION PROJECT Efficiency initiative example... Stockfeed Ingredient Optimisation Project Trials demonstrate our ability to use our quality database, NIR technology, and operational expertise to improve raw material sourcing, optimise nutrient use, and reduce the variabili
Slide 26: Supply Chain Planning Initiative
SUPPLY CHAIN PLANNING INITIATIVE Efficiency initiative example... 1 Supply Chain Planning Initiative CUSTOMER ORDER-IN WINDOW As part of the FY26-28 Growth Plan, the Bulk Stockfeeds business aims to improve end-to-end coordination for the benefit of customers, suppliers 6 2 and Ridley by: DELIVERY O
Slide 27: Bulk Stockfeeds Key Takeaways
BULK STOCKFEEDS Key Takeaways ‣ Rising demand for protein continues to drive increased need for high-quality animal feed ‣ Growth momentum through the Bulk Stockfeeds Flywheel will continue earnings growth and value creation ‣ Targeted efficiency initiatives across supply chain optimisation, feed fo
Slide 28: Packaged Feeds and Ingredients
PACKAGED FEEDS AND INGREDIENTS FY26-FY28 GROWTH PLAN
Slide 29: Packaged Feeds Business Snapshot
PACKAGED FEEDS BUSINESS SNAPSHOT The #1 packaged feeds supplier to rural Australia ‣ National distribution network, leveraging regional production facilities ‣ Market-leading brands Townsville Packaged Feeds & NovaqPro Operations Locations The #1 private-label packaged petfood supplier in Australia
Slide 30: Ingredients Business Snapshot
INGREDIENTS BUSINESS SNAPSHOT The #1 Ingredient Recovery Export Trade Supplier in Australia Flows ‣ Largest multi-species renderer in Australia Europe Canada USA ‣ c.65% of raw materials are underpinned by multi- Thailand Ingredients year supply contracts Mexico Operations Locations ‣ Preferred supp
Slide 31: Packaged Feeds & Ingredients "Climbing the Wall of Value"
PACKAGED FEEDS & INGREDIENTS “CLIMBING THE WALL OF VALUE” S ECT OR FOCU S The Packaged Feeds and Ingredients businesses INDUSTRIAL / FUEL PETFOOD / AQUAFEED / ANIMAL FEED will continue "climbing the wall of value" to deliver the FY26-FY28 Growth Plan Grocery Speciality Pet Rural Retail ‣ Using our i
Slide 32: Packaged Feeds: Key Drivers
PACKAGED FEEDS: KEY DRIVERS Earnings uplift driven by efficiency and growth initiatives through the FY26-FY28 Growth Plan EFFICIENCY INITIATIVES GROWTH INITIATIVES Utilise own ingredients and sourcing capability to Grow private label partnerships for the urban increase production volumes and lower c
Slide 33: Supply Chain Network Optimisation Project
SUPPLY CHAIN NETWORK OPTIMISATION PROJECT Faster decision making, Efficiency initiative example... pro- active customer communication Supply Chain Network Optimisation Project WMS data & reporting As part of the FY26-28 Growth Plan, the Packaged Feeds business aims to improve end-to-end coordi
Slide 34: Ingredients: Key Drivers
INGREDIENTS: KEY DRIVERS Earnings uplift driven by efficiency and growth initiatives in the FY26-FY28 Growth Plan EFFICIENCY INITIATIVES GROWTH INITIATIVES Capture opportunities to improve plant efficiency Partner with petfood, aquafeed, stockfeed and and reduce costs. biodiesel customers to deliver
Slide 35: Oceania Petfood Solutions (OPS)
OCEANIA PETFOOD SOLUTIONS (OPS) VISION Growth initiative example... To become the preferred supplier of ingredients to the domestic petfood industry Oceania Petfood Solutions (OPS) As part of the FY26-28 Growth Plan, the Ingredients business is launching Oceania Petfood Solutions, a one-stop shop fo
Slide 36: Packaged Feeds & Ingredients Key Takeaways
PACKAGED FEEDS & INGREDIENTS Key Takeaways ‣ Rising global petfood demand and premiumisation provide a strong foundation for high-quality petfood and ingredient growth ‣ Ridley is strategically positioned to climb the wall of value in the petfood and companion animal market through both direct and i
Slide 37: Capital Management
CAPITAL MANAGEMENT LE A DING TO GE T HE R F Y2 6 – F Y2 8 G RO W TH PLA N | 1 0 MARCH 36
Slide 38: Capital Allocation Framework Unchanged
CAPITAL ALLOCATION FRAMEWORK UNCHANGED Proven framework and consistent execution SOURCE OF CAPITAL ‣ Continuation of disciplined Capital Allocation Framework ASSET DEBT OPERATING EQUITY CAPITAL RECYCLING FUNDING CASH FLOW RAISE ‣ No change to framework settings ‣ Focus on capital efficiency: Mainten
Slide 39: Three-Year View of Capital Sources and Allocation
THREE-YEAR VIEW OF CAPITAL SOURCES AND ALLOCATION Well funded to support the FY26-FY28 Plan Period Sources of Capital ($m) Allocation of Capital ($m) Asset Recycling ‣ Committed debt facilities in place, with 3 and Working capital facilities Liquidity buffer 5-years tenors Geelong site Financing Ven
Slide 40: Capital Management Key Takeaways
CAPITAL MANAGEMENT Key Takeaways ‣ Principles of our Capital Allocation Framework are unchanged, supporting long-term value creation for shareholders ‣ Adequate funding facilities are in place to meet business requirements and provide flexibility ‣ Asset recycling alternatives provide further option
Slide 41: Summary and Conclusion
SUMMARY AND CONCLUSION LE A DING TO GE T HE R F Y2 6 – F Y2 8 G RO W TH PLA N | 1 0 MARCH 40
Slide 42: Summary of Our FY26-FY28 Growth Plan
SUMMARY OF OUR FY26-FY28 GROWTH PLAN Ridley expects to grow EBITDA across each of its businesses FERTILISERS BULK STOCKFEEDS PACKAGED FEEDS & INGREDIENTS “Gearing our ecosystem to amplify value." “Leveraging the flywheel effects of scale.” “Climbing the wall of value.” The #1 Rural Packaged The #1 I
Slide 43: FY26–FY28 Growth Plan
FY26–FY28 GROWTH PLAN Continued earnings uplift from efficiency and growth initiatives... Efficiency Initiatives Growth Initiatives Earnings growth expectation FY26-FY281 Fertiliser: (slide 17) Fertiliser: (slide 18) 1E: Reset distribution network 1G: Implement regional model Disciplined M&A 2E: Int
Slide 44: Outlook - FY26
OUTLOOK - FY26 Confirming FY26 Outlook In FY26 Ridley expects Group earnings 1 growth to be driven by: ‣ Nine-months contribution from the Fertilisers Segment, including 2H seasonal peak demand ‣ Increased market share and volume related operational efficiency in the Bulk Stockfeeds Segment ‣ Proces
Slide 45: Conclusion
CONCLUSION Ridley: ‣ A critical link in Australian agriculture. ‣ Market leader and supplier of choice. ‣ A diversified portfolio of businesses. ‣ Positioned to deliver our plan for shareholders. LE A DING TO GE T HE R F Y2 6 – F Y2 8 G RO W TH PLA N | 1 0 MARCH 44
Slide 46: Questions?
QUESTIONS? LE A DING TO GE T HE R F Y2 6 – F Y2 8 G RO W TH PLA N | 1 0 MARCH 45