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PGG Wrightson 2026 FULL YEAR RESULTS PRESENTATION FOR THE 12 MONTHS ENDED 30 JUNE 2026 11 AUGUST 2026 drill 1J PGG Wrightson 175 YEARS 1851-2026 Helping grow the country
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175-YEAR ANNIVERSARY —
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2026 FINANCIAL YEAR — $64.3m $8.2m or 15% $1.1b $99m or 10% $15.6m $4.9m or 46% * PGW paid 4.5 cps interim dividend and declared a 5.5 cps final dividend. 10 cps* Operating EBITDA Operating Revenue Net profit after tax (NPAT) Fully imputed dividends for the year $52.6m $40.2m Operating Cashflow
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3.5% 20.6 cps Normalised EBIT target of >10% over 3-year rolling cycle Average Return on Capital Employed over a three year rolling cycle Total Recordable Injury Frequency Rate Earnings Per Share (EPS) in FY26 Significant positive gain Net Promoter Score GROUP STRATEGY KPIs — 8.1% 91% Financial Health & Safety Customer
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GROUP HIGHLIGHTS — Increasing volumes to preferred processors ~30% of all saleyard bids through bidr® PGW Real Estate Dairy sales 30% Horticulture sales 60% New highs achieved in GO-STOCK receivables National wool auction centre launched Acquisition & integration First trading season R&D Station 98 trials nationwide with 42 at the station GHG emissions 23% Since FY21 (unaudited)
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GROUP OPERATING REVENUE June year end • Revenue of $1.1b, an increase of $99.0m or 10% on the prior year’s result. o 10% increase in Retail & Water. o 10% increase in Agency. Five-year summary. 552 586 561 570 619 401 390 355 405 455 953 976 916 975 1,074 0 200 400 600 800 1,000 1,200 FY22 FY23 FY24 FY25 FY26 $ million First Half Second Half Financial Year
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GROUP OPERATING EBITDA June year end Five-year summary. Operating EBITDA: Earnings before net interest and foreign exchange items, income tax, depreciation, amortisation, the results from discontinued operations, impairment and fair value adjustments and non-operating items. PGW has used non-GAAP profit measures when discussing financial performance in this document. Please refer to our full accounts for details of how Operating EBITDA relates to GAAP. For a comprehensive discussion on the use of non-GAAP profit measures, please refer to the policy “Non- GAAP Accounting Information” available on our website (www.pggwrightson.co.nz). Other: Other non-operating amounts relates to certain Group Corporate activities including Governance, Finance, Treasury, Risk and Assurance, and other support services (such as corporate property services and marketing). $ million -7 38 53 25 -7 -7 22 • Group Operating EBITDA of $64.3 million, up $8.2m or 15% on FY25. • Retail & Water o EBITDA $44.5m $2.3m or 6% o Rural Supplies benefited from reinvestment on-farm. o Fruitfed Supplies had a solid year, despite challenging conditions across parts of the horticulture sector. • Agency o EBITDA $29.0m $5.5m or 23% o Historically elevated Livestock prices across sheep, cattle, and dairy markets. o Wool result broadly in-line with prior year, albeit with reduced volumes. o Significant uplift in rural real estate activity. Financial Year 54 16 -9 22 16 12 23 29 52 54 41 42 44 -7 -9 -9 -9 -9 67 61 44 56 64 -10 - 10 20 30 40 50 60 70 80 FY22 FY23 FY24 FY25 FY26 Agency Retail & Water Other Full Year Operating EBITDA
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$↑ MARKET CONDITIONS — • Favourable international demand for red meat amid constrained supply. • Robust buying interest from farmers and finishers. • Dairy benefited from the increased milk payout and Fonterra capital return. • Strengthening international market demand for kiwifruit and apples. • Wine exports revenue stable with growth in export volume offsetting lower prices. • Arable impacted by tight margins and high costs. • Increased revenue resulting improved farmer confidence. • Supporting on-farm investment and spend. Strong kiwifruit and pipfruit returns Improved farm gate returns Elevated livestock prices
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GROUP NET PROFIT AFTER TAX June year end • Net profit after tax of $15.6m, an increase of $4.9m or 46% on FY25. • Benefits from: o Improved Operating EBITDA result vs FY25. o Fair value gains on foreign exchange derivatives. • Includes: o A full year amortisation expense of the Microsoft D365 enterprise reporting platform which went live in April 2025. 24 18 3 11 16 - 10 20 30 FY22 FY23 FY24 FY25 FY26 $ million Financial Year Five-year summary.
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OPERATING CASH FLOW June year end -17 -35 -7 -31 -50 41 60 65 43 103 24 26 58 12 53 -60 -40 -20 - 20 40 60 80 100 120 FY22 FY23 FY24 FY25 FY26 $ million 1st Half 2nd Half Full Year Operating cash flows in the first half of the financial year reflect the seasonal build in working capital which is recovered in the second half of the financial year. • Strong Operating Cash Flows of $52.6m, an increase of $40.2million vs FY25 . • Resulting from the improved financial performance of the business and favourable working capital movements compared to the prior year.
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CASHFLOW AND DEBT — • Working Capital balances increased by $7.3m (excluding Nexan acquisition). o Additional $7.0m investment in GO-STOCK receivables. o Small increase in other Net Working Capital items of $0.3m. • NIBD of $88.0m, an increase of $2.4m from FY25. o FY26 included $19.7m acquisition of Nexan. o FY26 included additional $7.0m investment in GO-STOCK. • Comparable basis (ex Nexan acquisition and increase in GO- STOCK receivables) NIBD would have been $61.3m. Working Capital inc. GO- STOCK Net Interest-Bearing DebtInvesting Cash Flows • $24.5m, an increase of $10.3m from FY25. • Includes: o $19.7m Nexan acquisition o $6.6m purchase of property, plant, equipment, and intangibles.
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TOTAL SHAREHOLDER RETURN (TSR) — PGW total shareholder return vs NZX50G (indexed to 100) from 13 August 2019 (post share consolidation) to 30 June 2026. 0 50 100 150 200 250 300 2019 2020 2021 2022 2023 2024 2025 2026 PGW TSR (Inc Dividends) NZX50G PGW TSR +44.6% NZX50G +25.5% Total Shareholder Return
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OUTLOOK FOR FY2027 — • New Zealand's agricultural sector enters FY27 from a position of relative strength, with conditions expected to remain favourable across many key sectors. • Demand for red meat, dairy, and horticultural products continues to underpin farm profitability and investment. • The potential emergence of a significant El Niño event during FY27 represents an important risk factor. Drier conditions in a number of key farming and horticultural regions could impact production, cashflow, and customer confidence. • Farmer confidence remains resilient despite concerns about rising input costs. • With strong market positions and customer relationships, PGW is well placed to support farmer and grower success while capturing opportunities from forecast export growth. • We are optimistic about the remainder of the financial year.
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QUESTIONS AND ANSWERS —
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IMPORTANT NOTICE & DISCLAIMER — • This presentation has been prepared by PGG Wrightson Limited (PGW) with due care and attention for the purpose of general information. • The 2026 Full Year Results are for the 12 months to 30 June 2026. • Forward looking statements regarding the potential future performance of PGW have been expressed by management using information currently available. These are based on current expectations, estimates and assumptions and do not guarantee or predict future performance. • Actual results may differ from those predicted as there are a number of uncertainties and risks beyond PGW’s control that may affect the results. • Figures are in New Zealand dollars, unless otherwise stated. Values on the graphs are rounded. Total may not add due to rounding. • ‘m’ denotes million and ‘cps’ denotes cents per share. • FY25 denotes financial year 2025. • Please read this presentation in conjunction with the 2026 Full Year Results NZX Announcement and the Annual Report, which is due towards the end of September 2026.
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Text Description automatically generated THANK YOU —