Slides
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Annual Shareholders Meeting 23 October 2025
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2 Directors and Executives John Strowger Independent Chair Joined the Board in March 2015 Chair of the Health & Safety Committee David Cushing Independent Director Joined the Board in August 2017 Alan Isaac Independent Director Joined the Board in August 2016 Chair of the Audit Committee Tim Runnalls CFO Joined Skellerup as GFC in March 2021 Appointed CFO in March 2024 David Mair Non-executive Director Joined the Board in November 2006 CEO from July 2011 to March 2024 Rachel Farrant Independent Director Joined the Board in May 2022 Chair of the Sustainability Committee Paul Shearer Independent Director Joined the Board in August 2020 Graham Leaming CEO Joined Skellerup as CFO in December 2012 Appointed CEO in March 2024 Annual Shareholders Meeting | 23 October 2025
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3 Agenda • Chair Address | John Strowger • CEO Address | Graham Leaming • Presentation from Executive GM – Agri Division | Dino Kudrass • Resolutions • Re-election of Rachel Farrant • Re-election of David Mair • Remuneration of the Auditors • General Business Annual Shareholders Meeting | 23 October 2025
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Chair Address John Strowger Annual Shareholders Meeting | 23 October 2025
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5Annual Shareholders Meeting | 23 October 2025 Skellerup’s first shop
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6Annual Shareholders Meeting | 23 October 2025 Para Rubber
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7Annual Shareholders Meeting | 23 October 2025 Sustained Growth - 50 100 150 200 250 300 350 400 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Revenue ($m) CAGR 6% - 10 20 30 40 50 60 70 80 FY19 FY20 FY21 FY22 FY23 FY24 FY25 EBIT ($m) CAGR 10% - 10 20 30 40 50 60 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Underlying NPAT ($m) CAGR 10%
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8 Divisional Performance Agri Division Annual Shareholders Meeting | 23 October 2025 Industrial Division - 10 20 30 40 50 FY19 FY20 FY21 FY22 FY23 FY24 FY25 EBIT ($m) CAGR 12% - 10 20 30 40 FY19 FY20 FY21 FY22 FY23 FY24 FY25 EBIT ($m) CAGR 7%
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9Annual Shareholders Meeting | 23 October 2025 Group Revenue by Market 37% 20% 13% 13% 8% 8% 1% FY25 Revenue $353m North America New Zealand Australia Europe Asia UK & Ireland Other
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10 Low Debt, Dividend Growth 0.0 5.0 10.0 15.0 20.0 25.0 30.0 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Dividend per share (cps) CAGR 13% Annual Shareholders Meeting | 23 October 2025 0 5 10 15 20 25 30 35 40 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Net Debt ($m)
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CEO Address Graham Leaming Annual Shareholders Meeting | 23 October 2025
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12 Strategy & Focus Delivering Products for precision, high performance and conformance applications Customer-focused development delivering innovation and performance Investment in market presence, development hubs and manufacturing scalability Business unit accountability, capability and measurement Deep technical expertise Annual Shareholders Meeting | 23 October 2025
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13 FY25 Record Earnings - 10 20 30 40 50 60 70 80 FY19 FY20 FY21 FY22 FY23 FY24 FY25 EBIT ($m) CAGR 10% - 10 20 30 40 50 60 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Underlying NPAT ($m) CAGR 10% Annual Shareholders Meeting | 23 October 2025
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14 Divisional Performance Agri Division Annual Shareholders Meeting | 23 October 2025 Industrial Division - 10 20 30 40 50 FY19 FY20 FY21 FY22 FY23 FY24 FY25 EBIT ($m) CAGR 12% - 10 20 30 40 FY19 FY20 FY21 FY22 FY23 FY24 FY25 EBIT ($m) CAGR 7% - 50 100 150 200 250 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Revenue ($m) CAGR 7% - 20 40 60 80 100 120 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Revenue ($m) CAGR 4%
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15 Future Agri • Innovation to deliver on-farm productivity gains • Emerging market growth • Manufacturing modernisation Industrial • Potable, waste water and flow control • Integrating elements to increase value to customer FY26 NPAT Guidance of NZD 55 to NZD 60 million Annual Shareholders Meeting | 23 October 2025
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Agri Division Presentation Dino Kudrass Annual Shareholders Meeting | 23 October 2025
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17 Dairy Business Growth: a Two-Dimensional Strategy Annual Shareholders Meeting | 23 October 2025 Global Market Share Prodcut Value Proposition Growing the value proposition of our products • Differentiated features • On-farm development • Strong brands Growing global market share • Emerging markets • Industrialised farming • In-market distribution OEM relationships play a key role in this strategy
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18 Global Dairy Market trends per capita dairy consumption in kg/person Annual Shareholders Meeting | 23 October 2025 Source: OECD/FAO (2025), ''OECD-FAO Agricultural Outlook'', OECD Agriculture statistics (database), http://data-explorer.oecd.org/s/1hc
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Questions John Strowger Annual Shareholders Meeting | 23 October 2025
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Resolutions John Strowger Annual Shareholders Meeting | 23 October 2025
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21 Resolution 1 Re-election of Rachel Farrant Annual Shareholders Meeting | 23 October 2025
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22 Resolution 2 Re-election of David Mair Annual Shareholders Meeting | 23 October 2025
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23 Resolution 3 Remuneration of the Auditors Annual Shareholders Meeting | 23 October 2025
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General Business John Strowger Annual Shareholders Meeting | 23 October 2025
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25Annual Shareholders Meeting | 23 October 2025