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Nufarm Limited ACN 091 323 312 nufarm.com 103-105 Pipe Road Laverton North VIC 3026 Australia +61 3 9282 1000 © 2025 Nufarm Limited ASX Release – Company Announcement 2 8 Sep tember 2026 Nufarm investor event presentation Enclosed is the presentation to be delivered across today and tomorrow at Nufarm’s investor event by Nufarm Managing Director and Chief Executive Officer, Rico Christensen and other senior executives. - ends - Authorised by Kate Hall Company Secretary Investor contact Grant Saligari - General Manager Investor Relations and Corporate Development grant.saligari@nufarm.com About Nufarm Nufarm is a global crop protection and seed technologies company that helps farmers and businesses meet the global challenges of food, feed, fibre and sustainable fuel production. Nufarm brings its proven agility, innovation capabilities and partnerships t o help its customers in a rapidly changing world. Established over 100 years ago, it is listed on the Australian Securities Exchange (ASX:NUF) with its head office in Melbourne, Australia. For personal use only
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RGB 58, 153, 88 RGB 41, 96, 55 RGB 186, 213, 79 RGB 253, 210, 21 RGB 241, 126, 48 RGB 188, 167, 138 RGB 58, 91, 168 Investor Days 28 & 29 September 2026 For personal use only
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RGB 58, 153, 88 RGB 41, 96, 55 RGB 186, 213, 79 RGB 253, 210, 21 RGB 241, 126, 48 RGB 188, 167, 138 RGB 58, 91, 168 2 Disclaimer General This presentation has been prepared by Nufarm Limited. The information contained in this presentation is for informational purposes only as at the date of this presentation on 28 September 2026. The information contained in this presentation is not investment or financial product advice & is not intended to be used as the basis for making an investment decision. The presentation is not intended (nor does it) constitute an offer or invitation by or on behalf of Nufarm Limited, its subsidiaries, or any other person to subscribe for, purchase or otherwise deal in any securities, nor are they intended to be used for the purpose of or in connection with any offers or invitations to subscribe for, purchase or otherwise deal in any securities. This presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. Forward looking statements No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions & conclusions contained in this presentation. To the maximum extent permitted by law, none of Nufarm Limited, its directors, employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of the information contained in this presentation. This presentation includes certain forecasts, outlook statements, prospects or returns, & other forward looking statements that are based on information & assumptions known to date & are subject to various risks & uncertainties including (without limitation) changes in product demand, the timing & success of new product launches,decisions by regulatory authorities regarding approval & ongoing registration of our products, operational changes, difficulties or delays in manufacturing, third party supply interruptions, weather volatility,cyberattack/unauthorised access, the loss of key personnel, safety incidents, environmental damage, product contamination & quality, compliance breaches, litigation or government investigations, loss of or infringement of the company’s intellectual property, infringement of third party intellectual property, global economic & geo-political uncertainty & conflict including in the Middle East, energy security & inflation including increases in costs of goods, commodity price & market selling price volatility, access to finance, foreign exchange exposure & the effect of economic conditions generally.Actual results, performance or achievements may be significantly different from those expressed in, or implied by, these forward looking statements. Such forward looking statements are not guarantees of future performance. Many of the known & unknown risks & uncertainties impacting these forward looking statements are beyond the control of Nufarm Limited. Further information is contained in Nufarm’s 2025 Annual Report which is available at Nufarm’s corporate website. Accordingly, no representation or warranty, express or implied, is given as to the accuracy, completeness or correctness, likelihood of achievement or reasonableness of any forward looking statements contained in this presentation. Before making an investment decision, you should consider, with or without the assistance of a financial advisor, whether an investment is appropriate in light of your particular investment needs, objectives & financial circumstances. Past performance is no guarantee of future performance. Non-IFRS information Nufarm Limited results are reported under International Financial Reporting Standards (IFRS) including Underlying EBIT & Underlying EBITDA which are used to measure segment performance. The presentation also includes certain non-IFRS measures including Underlying net profit after tax & Gross profit margin. These measures are used internally by management to assess the performance of our business, make decisions on the allocation of our resources & assess operational management. Non-IFRS measures have not been subject to audit or review. Certain figures may be subject to rounding differences. Refer to Appendices for the definitions of non-IFRS information & a reconciliation of Underlying EBIT & Underlying EBITDA to Operating profit. All market share information in this presentation is based on management estimates based on internally available information unless otherwise indicated. All amounts are in Australian dollars unless otherwise stated. For personal use only
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RGB 58, 153, 88 RGB 41, 96, 55 RGB 186, 213, 79 RGB 253, 210, 21 RGB 241, 126, 48 RGB 188, 167, 138 RGB 58, 91, 168 3 Welcome and the program’s agenda Day 1 Monday 28 September 2026 CEO presentation Strategy and business direction CFO presentation Financial performance and outlook Field visit Precision Agriculture Field visit ATTERO Day 2 Tuesday 29 September 2026 Nufarm Innovation Centre Crop Protection Nufarm Innovation Centre Seed Technologies Site tour Seeds from lab to trial plots Site tour Seeds building d isease resistance For personal use only
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Evolving Ag One strategy shaping Nufarm’s future Rico Christensen - CEO For personal use only
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RGB 58, 153, 88 RGB 41, 96, 55 RGB 186, 213, 79 RGB 253, 210, 21 RGB 241, 126, 48 RGB 188, 167, 138 RGB 58, 91, 168 5 Nufarm is a global crop protection and seed technologies company that helps farmers and businesses meet the global needs of food, feed, fibre and fuel production. About Nufarm GROUP SEED TECHNOLOGIES GLOBAL SEEDS CROP PROTECTION APAC EUROPE NORTH AMERICA CROP PROTECTION SEEDS RENEWABLE OILS SOUTH AMERICA AUSTRALIA NORTH AMERICA SORGHUM SUNFLOWER CANOLA CARINATA #1 Southern hemisphere canola 2 Leading player in proprietary low carbon feedstocks 3 A$3b Revenue A$370 - 380m uEBITDA 1 3,100 employees Resilient business with diversified geographic exposure Strong positions in key markets Partnering with leading R&D companies 1. Guidance FY26, 23 September 2026. Employees as of 30 September 2025. 2. Management estimates using ABARES and CONAB. 3. Co mpa ny data C EREAL TREES, NUTS & VINES SOYBEAN For personal use only
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RGB 58, 153, 88 RGB 41, 96, 55 RGB 186, 213, 79 RGB 253, 210, 21 RGB 241, 126, 48 RGB 188, 167, 138 RGB 58, 91, 168 Advantage is shifting from breadth to quality and differentiation In a market of unprecedented visibility, uniqueness stands out. Being everything to everybody is the enemy of low cost to serve. 6 Creating new opportunities for differentiation and adaption to the bioeconomy Agriculture is evolving Industry shift R&D is becoming more democratised Large - scale R&D platforms are too expensive and slow, while start - ups and specialists proliferate seeking partners. Growers are paying for proven economic return Farmers face old, new and emerging pain points, under pressure from rising costs and capital constraints. The bioeconomy is opening new value pools Agriculture has broadened beyond food, feed and fibre; biofuels and bio - nutritionals are driving demand for oilseed crops. GROUP For personal use only
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RGB 58, 153, 88 RGB 41, 96, 55 RGB 186, 213, 79 RGB 253, 210, 21 RGB 241, 126, 48 RGB 188, 167, 138 RGB 58, 91, 168 Investing into our high - returning seeds platform. Also expanding carinata with bp and taking a measured approach to omega - 3. Source from start - ups, institutions and universities, accessing leading innovation through partnership while reducing technical and commercial risk. Focus the portfolio where we add value , enable our channel partners, and reduce investment in commodity products where we have no advantage. 7 A sharper portfolio, partnered innovation and disciplined capital allocation driving higher, more durable returns. Nufarm is positioned to meet the challenges of the future Selective in portfolio and market choices , prioritising crops and segments with a clear right to win and aligning our cost and capital base to that focus. GROUP For personal use only
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RGB 58, 153, 88 RGB 41, 96, 55 RGB 186, 213, 79 RGB 253, 210, 21 RGB 241, 126, 48 RGB 188, 167, 138 RGB 58, 91, 168 FOCUSED INVESTMENT Market growth supported by continued need for food, feed, fuel and fibre Address new and existing customer pain points Focus on investment in markets where we have portfolio strength and relevant scale Improve where returns are not currently being delivered We are investing behind proven returns and applying discipline where returns are not currently being delivered We are investing where we can win 8 Seeds RETURNS PROVEN – GROWTH Markets for canola and sorghum show strong growth driven by biofuels as well as continued demand in food and feed Nufarm increasing investment behind proven seed returns Carinata CAPITAL EFFICIENT – BUILDING Strong growth in policy - driven biofuel markets. High rewards for carbon efficiency. Growth funded through a capital - efficient model. Omega - 3 LONGER TERM · STAGE GATED Market has recovered and trading at high levels. Preserving long - term opportunity. Future funding tied to milestones and viable returns through market cycles. Crop Protection Seed Technologies GROUP For personal use only
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RGB 58, 153, 88 RGB 41, 96, 55 RGB 186, 213, 79 RGB 253, 210, 21 RGB 241, 126, 48 RGB 188, 167, 138 RGB 58, 91, 168 Differentiated resistance management solutions Phenoxy herbicides & mixtures: Duplosan ® Targeted resistance management: Attero Novel weed control: Terrador ® Biological solutions Seed treatments & bionematicides: Trunemco ® Copper fungicides: Cuproxat ® Biological crop protection: Nuxine ®, Simpell® Specialty crops & professional markets Trees, Nuts, Vines Turf & Ornamentals 9 The crop protection market is large, with segments that offer growth and attractive returns Crop protection is a market with opportunities We are focusing on higher growth and returning segments Source : AgbioInvestor , 2025 CROP PROTECTION $80b market Large, mature market Herbicides Insecticides Fungicides Other For personal use only
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RGB 58, 153, 88 RGB 41, 96, 55 RGB 186, 213, 79 RGB 253, 210, 21 RGB 241, 126, 48 RGB 188, 167, 138 RGB 58, 91, 168 10 Crop protection has generated through the cycle growth and geographically diversified earnings Nufarm crop protection Revenue 2 APAC North America Europe uEBITDA 2 APAC North America Europe ✓ Australia ✓ New Zealand ✓ Indonesia ✓ Turf and Ornamental ✓ Canada ✓ Phenoxy franchise ✓ Cereals Europe CROP PROTECTION Through the cycle growth Earnings diversification Strong positions 2. FY25 4% 5-year Revenue CAGR1 6% 5-year uEBITDA CAGR1 1. FY20 to FY25 For personal use only
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RGB 58, 153, 88 RGB 41, 96, 55 RGB 186, 213, 79 RGB 253, 210, 21 RGB 241, 126, 48 RGB 188, 167, 138 RGB 58, 91, 168 Accessed through longstanding relationships enabling Nufarm to allocate capital as technical and commercial confidence increases Assets, portfolio and support costs aligned with the markets we serve Invest where we generate strong returns. Improve before allocating more capital where returns are weaker Focusing on markets where a combination of portfolio strength, commercial relevance and innovation give Nufarm a right to win Capital allocation based on returns Innovation and differentiation Simplified portfolio and cost base Focus where we have a right to win A clear focus on where and how we win 11 CROP PROTECTION For personal use only
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RGB 58, 153, 88 RGB 41, 96, 55 RGB 186, 213, 79 RGB 253, 210, 21 RGB 241, 126, 48 RGB 188, 167, 138 RGB 58, 91, 168 Three crop systems represent a significant share of the global market and align with our portfolio strengths, are commercially relevant and offer real innovation opportunity. By focusing on three crop systems, we align investment and resources to our strengths 1. Management estimates based on Kynetec and Agbioinvestor 12 Other crops continue to be supported where they reinforce regional relevance and scale Corn | Rice | Cotton | Sugarcane | Vegetables | Canola | Carinata | Pul ses | Turf & Ornamental | Sorghum CEREALS TREES, NUTS & VINES SOYBEAN Portfolio strength + Commercial relevance + Innovation opportunity 46% of US$80b crop protection market1 CROP PROTECTION For personal use only
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RGB 58, 153, 88 RGB 41, 96, 55 RGB 186, 213, 79 RGB 253, 210, 21 RGB 241, 126, 48 RGB 188, 167, 138 RGB 58, 91, 168 We allocate capital as technical and commercial confidence increases By partnering, we access innovation with lower capital and higher commercial confidence WHY INNOVATORS PARTNER WITH NUFARM • Access to markets • Regulatory expertise • Commercial execution • Not a direct discovery competitor WHY IT MATTERS FOR NUFARM • Lower technical and commercial risk • Lower capital requirements • Access to differentiated products • More capital - efficient growth 13 CROP PROTECTION For personal use only
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RGB 58, 153, 88 RGB 41, 96, 55 RGB 186, 213, 79 RGB 253, 210, 21 RGB 241, 126, 48 RGB 188, 167, 138 RGB 58, 91, 168 14 Near term pipeline CROP PROTECTION 1. Total addressable market. Source: Management estimates based on Agbioinvestor , Kynetec and Farmgate. 2. Launch years are expected dates , indicated is for the first country. For products launched in more than one country, the estimated launch date may fall in different yea rs . 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033PROJECT MKT VALUE1 2,4-D formulation lifecycle extension US$900 m Duplosan / Blackhawk & mixture formulations US$200 m Saracen / Paramount - broadleaf cereal herbicide US$210 m Terrain Flow - Grass & broadleaf herbicide US$500 m Residual non-selective herbicide US$215 m Attero- patented non-selective herbicide US$720 m Joust – triazole straights & mixtures US$1,315 m Broad spectrum fungicide US$430 m Soybean fungicide mixture US$375 m Opterapro / Naxypro – chewing pests US$1,890 m Acetamiprid & mixtures – Carnadine US$895 m Simpell / Exsolant – Spinosad US$280 m Indication Herbicides Fungicides Insecticides Biologicals Total market value: ~US$8b Launch Years2 For personal use only
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RGB 58, 153, 88 RGB 41, 96, 55 RGB 186, 213, 79 RGB 253, 210, 21 RGB 241, 126, 48 RGB 188, 167, 138 RGB 58, 91, 168 Extend position & focused growth Grow strong positions & improve returns in US Crop Translate performance improvement into profitable growth 15 One strategy, with regional priorities matched to strength and opportunity. Each region has a clear role in lifting returns Focused growth Build on performance Improve returns ASIA PACIFIC EUROPE NORTH AMERICA • Extend position in Australia, New Zealand and Indonesia • Invest selectively in high returning Asian markets where we can differentiate • Continued focus on disciplined growth • Focused investment to increase portfolio differentiation • T&O and Canada – strong returns, invest for growth • US Crop – simplify the portfolio and align the asset base CROP PROTECTION For personal use only
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RGB 58, 153, 88 RGB 41, 96, 55 RGB 186, 213, 79 RGB 253, 210, 21 RGB 241, 126, 48 RGB 188, 167, 138 RGB 58, 91, 168 Nufarm has strong competitive positions in large and growing markets A more focused and higher returning business Higher margins Stronger cash generation Improved returns Growth and returns focused in select market segments 16 Focus where we have a right to win Simplified portfolio and cost base Innovation and differentiation Capital allocation based on returns CROP PROTECTION Market Nufarm strategy Targeted Financial outcomes For personal use only
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RGB 58, 153, 88 RGB 41, 96, 55 RGB 186, 213, 79 RGB 253, 210, 21 RGB 241, 126, 48 RGB 188, 167, 138 RGB 58, 91, 168 17 Seeds is today’s engine for returns and growth. Renewable oils leverages established capability into future growth. Seed Technologies SEED TECHNOLOGIES Seeds The commercial engine of Seed Technologies — a growing, profitable, and scalable business trusted by farmers worldwide Renewable Oils – Carinata and Omega - 3 Producing scalable, low - carbon feedstocks for downstream oil customers + producing plant - based oils for human and animal nutrition To the farm gate Beyond the farm gate That performance powers value chains Nufarm revenue Nufarm revenue R&D Seeds Harvest Farmer plants & grows Those value chains deliver outcomes for growers, industry, and the planet Plant science innovation drives on - farm performance Grain Crush Commercialise feedstock to Oil Customers Canola | Sorghum | Sunflower | Carinata FY25 Revenue $252m FY25 Revenue $84m 1 Omega - 3 Canola Oil | Carinata Oil 1. Includes oil sales and other revenue For personal use only
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RGB 58, 153, 88 RGB 41, 96, 55 RGB 186, 213, 79 RGB 253, 210, 21 RGB 241, 126, 48 RGB 188, 167, 138 RGB 58, 91, 168 18 Structural demand provides a substantial runway for investment in Seed Technologies Solutions Seeds (Canola, Sorghum, Sunflower) ✓ ✓ ✓ Carinata ✓ ✓ ✓ Omega - 3 ✓ ✓ Decarbonisation Scarce land and ocean resources The global push to decarbonize is transforming the energy landscape Biofuels and net - zero commitments are accelerating demand for sustainable solutions With no new farmland available and pressure mounting on ocean ecosystems, productivity and innovation are non - negotiable Population growth and protein demand driving record food and feed needs 80% of global population in developing markets with accelerating food demand 1 Human and animal nutrition SEED TECHNOLOGIES 1. International Monetary Fund (IMF), World Economic Outlook Database For personal use only
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RGB 58, 153, 88 RGB 41, 96, 55 RGB 186, 213, 79 RGB 253, 210, 21 RGB 241, 126, 48 RGB 188, 167, 138 RGB 58, 91, 168 Established end to end capability Breeding - Parent seed production - Hybrid seed production - Distribution Strong positions in growing markets Australia - South America - USA (sorghum) 19 Canola and sorghum sit at the intersection of three structural trends: renewable fuels, climate resilience and higher land - use intensity Demand is increasing in crops where we are strong ✓ Canola and carinata are leveraged to renewable fuels in a way major crops are not Premium due to low carbon intensity. New source of demand from renewable fuel ✓ Canola and carinata are expanding into underutilised rotational windows Second crop rotations increase land productivity by occupying a rotational window that previously generated little or no income ✓ Carinata and sorghum benefit from climate adaptation Climate resilience is becoming increasingly important in crop choice ✓ Sorghum has multiple demand drivers that are accelerating simultaneously Animal feed, ethanol, food consumption, bioenergy Supportive industry shifts Established Nufarm position and capability SEED TECHNOLOGIES For personal use only
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RGB 58, 153, 88 RGB 41, 96, 55 RGB 186, 213, 79 RGB 253, 210, 21 RGB 241, 126, 48 RGB 188, 167, 138 RGB 58, 91, 168 • Growing demand for vegetable oils across food, feed and fuel markets • Increasing sorghum demand driven by ethanol expansion and feed consumption Seeds is delivering strong returns and growth Near term investment focused to grow southern hemisphere positions. 27 % EBITDA margin 3 • Where innovation meets execution: proprietary genetics, a commercial engine and deep customer relationships. 11% Revenue CAGR 2 2. 5-year CAGR 3. Average FY23 - FY25 20 Margins and growth Scalable Growth Structural long term demand drivers $252m FY25 Revenue SEEDS US$4b canola, sorghum, and sunflower market1 1. United States Department of Agriculture For personal use only
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RGB 58, 153, 88 RGB 41, 96, 55 RGB 186, 213, 79 RGB 253, 210, 21 RGB 241, 126, 48 RGB 188, 167, 138 RGB 58, 91, 168 Canola — Leading position in Southern Hemisphere, Australian proprietary breeding program leveraged for South American expansion Sorghum — top three in the Americas, innovation driving adoption momentum in Brazil Sunflower — top three in the Americas, portfolio renewal driving share gains 30+ years of breeding, genetics and local agronomic expertise Crop expertise by design created by end - to - end system from germplasm to seed production to grower adoption Scalable platform leveraged across five crops Long - term breeding investment creates enduring differentiation Deep local knowledge built across markets and growing seasons Time, data and grower trust are not easily replicated 21 Established commercial expertise, protected by IP and technology, amplified by end - to - end relationships create a significant competitive advantage. Seeds is a high - quality business Leading market positions 1 Established end - to - end capability Hard - to - replicate advantage SEEDS 1. Management estimates based on USDA data For personal use only
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RGB 58, 153, 88 RGB 41, 96, 55 RGB 186, 213, 79 RGB 253, 210, 21 RGB 241, 126, 48 RGB 188, 167, 138 RGB 58, 91, 168 Australian canola and Brazilian sorghum show how growers reallocate area when economics, agronomics and demand align South America offers a growth runway for canola and sorghum 14.5% of Australia's winter crop area today, from 0.4% in 1989/90 10% o f Brazil 2 nd season Corn area ~1% of Argentine wheat area and Brazilian 2 nd season corn area Source: ABARES; CONAB; Argentina National Directorate of Agriculture, Directorate of Agricultural Estimates.. Figures use thr ee - year average planted area. Wheat and corn areas illustrate the scale of the relevant cropping systems and are not directly substitutable addressable can ola or sorghum area. 22 Drivers of adoption Agronomics + Economics + Export demand driven by biofuels Drivers of adoption Agronomics + Economics + Domestic demand driven by edible oils & biofuels Drivers of adoption Agronomics + Economics + Climate resilience + Domestic demand driven by ethanol + Export demand driven by China Shift to canola p roven in Australia Shift to canola underway in Argentina & Brazil Sorghum growing in Brazil SEEDS For personal use only
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RGB 58, 153, 88 RGB 41, 96, 55 RGB 186, 213, 79 RGB 253, 210, 21 RGB 241, 126, 48 RGB 188, 167, 138 RGB 58, 91, 168 23 Carinata is favourably positioned amongst alternative feedstocks Renewable Oils is well positioned to meet growing demand for low - carbon feedstocks UK 2% in 2025, 10% by 2030, 22% by 2040 United States Federal RFS and state - level LCFS schemes (e.g. Calif. 30% reduction by 2030) Canada 15% Carbon Intensity reduction by 2030 Japan 10% SAF goal by 2030 Australia Consultation on demand mechanism with 2029 target European Union Renewable Fuel Policies 29% renewable share or 14.5% GHG intensity reduction across transport Renewable Energy Directive (REDIII) SAF Mandate 2% from 2025, 6% from 2030, rising to 70% by 2050 ReFuelEU Aviation 6% GHG reduction by 2030, rising to 80% by 2050 FuelEU Maritime Other mandates and targets 1 Mandates driving renewable fuel demand Carinata outperforms other feedstocks CORSIA default life cycle emission values (fuels processed with HEFA fuel conversion process) 2 GHG Difference Carinata Value = x GHG Price RENEWABLE OILS 1. U K DfT , EPA, Government of Canada, MLIT Japan, Australian Government DCCEEW. 2. ICAO CORSIA Eligible Fuels. Graph shows % CO2e emissions relative to jet fuel =100% (40) (20) 0 20 40 60 80 100 Palm Oil Baseline jet fuel Rapeseed oil Soybean oil Camelina oil Tallow Jatropha oil Corn oil Used cooking oil Brassica carinata oil Brassica carinata oil with ESCA For personal use only
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RGB 58, 153, 88 RGB 41, 96, 55 RGB 186, 213, 79 RGB 253, 210, 21 RGB 241, 126, 48 RGB 188, 167, 138 RGB 58, 91, 168 24 Omega - 3: disciplined approach to capitalise on long - term opportunity RENEWABLE OILS Deliver regulatory approvals. Establish competitive production economics. Continue to build commercial pathways to market. Program resized to reduce near - term cash requirements while maintaining the technology, customer and regulatory pathways. Strategic value retained Investment discipline increased Reset the cost and capital base Deliver the Milestones Build the enablers for improved economics Prove the Returns Milestone - led funding Scale aligned with evidence Funding increases as milestones are achieved and the path to attractive through - cycle returns is demonstrated. For personal use only
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Capital discipline, cash generation and higher returns Brendan Ryan - CFO 25 For personal use only
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RGB 58, 153, 88 RGB 41, 96, 55 RGB 186, 213, 79 RGB 253, 210, 21 RGB 241, 126, 48 RGB 188, 167, 138 RGB 58, 91, 168 Capital deployment follows a disciplined allocation process 01 Fund the business License - to - operate and sustaining requirements come before discretionary spend. 02 Invest in growth Capital backs the strongest evidenced, risk - adjusted returns. 03 Return surplus Surplus is returned when it is the highest - value use of capital. 26 DISCIPLINE · Business resilience · Returns - led growth · Surplus capital returnedSTRATEGIC RELEVANCE Strengthening a position where we have a right to win RISK-ADJUSTED RETURN Returns exceed cost of capital across key assumptions EVIDENCE & EXECUTION M easurable benefits and clear delivery ownership FUNDING & MILESTONES Ability to fund within leverage and cash flow targets Every investment must clear four stage gates CAPITAL ALLOCATION & RETURNS Funding capacity and leverage determine how much capital is available. Core statutory leverage target 1.5x – 2x Assessment of cash flow through the cycle The Investment Envelope For personal use only
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RGB 58, 153, 88 RGB 41, 96, 55 RGB 186, 213, 79 RGB 253, 210, 21 RGB 241, 126, 48 RGB 188, 167, 138 RGB 58, 91, 168 Our $50m cost savings program is on track Actions are underway; the savings mix is weighted to cost of goods sold. $50m COST SAVINGS Run rate by end FY27 Full benefit in FY28 60% COGS 40% SG&A The majority of the benefit sits where manufacturing and SKU decisions land c.$15m IMPLEMENTATION CASH COST No change from 1H26 estimate Alsip (North America) plant closure Kwinana (Australia) closure Wyke Butyrics (UK) plant closure Accelerated SKU rationalisation Programme and implementation envelope reaffirmed from May 2026. 27 Delivery Savings Mix Implementation Actions Seeds Europe sunflowers streamlined CAPITAL ALLOCATION & RETURNS For personal use only
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RGB 58, 153, 88 RGB 41, 96, 55 RGB 186, 213, 79 RGB 253, 210, 21 RGB 241, 126, 48 RGB 188, 167, 138 RGB 58, 91, 168 28 Disciplined capital spend, lower costs and improved cash flow and returns. Four targets make progress measurable $50m COST REDUCTION Run rate by end FY27 Full benefit FY28. Under $200m CAPEX FY26 and FY27 — the new base going forward. Positive FREE CASH FLOW Funding reinvestment and shareholder returns. Above WACC ROFE Returns exceeding the cost of capital. Targets for FY26 – FY28 Through the cycle targets Efficient capital allocation | More cash generated | Higher returns CAPITAL ALLOCATION & RETURNS For personal use only
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Closing Comments For personal use only
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RGB 58, 153, 88 RGB 41, 96, 55 RGB 186, 213, 79 RGB 253, 210, 21 RGB 241, 126, 48 RGB 188, 167, 138 RGB 58, 91, 168 30 Our priorities are being actively implemented, with early benefits emerging and future growth platforms progressing to plan We have a clear path to improved returns Cost and capital discipline to drive improvement in earnings, cash flow and returns Margin recovery, tighter working capital and disciplined capital allocation Refocused portfolio Value and margin focus and a cost base matched to the footprint we serve Drive differentiated and value focused growth in Crop Protection Targeting a structurally better-returning business, built on differentiated, value-led innovation rather than commodity breadth Invest to grow high returning Seeds business Seeking to capture the growth potential in our crops Scale Renewable Oils Pursuing growth through a capital-efficient and stage-gated model Delivering now Which funds and de - risks the three growth engines CLOSING COMMENTS For personal use only
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RGB 58, 153, 88 RGB 41, 96, 55 RGB 186, 213, 79 RGB 253, 210, 21 RGB 241, 126, 48 RGB 188, 167, 138 RGB 58, 91, 168 Growth capital being redirected into hybrid seeds and higher returning portfolio opportunities bp offtake extended and modified. Omega - 3 reset retains value potential with lower level of cash spend. New leadership appointed in Seeds and Supply Chain Kwinana plant closure Wyke Butyrics plant closure Alsip (North America) plant closure Seeds Europe sunflowers streamlined Accelerated SKU rationalisation c.f. business as usual EBITDA $370-380m, up approximately 25% Leverage approximately 2.0x, down from 2.7x Positive free cash flow uEBITDA up 18% y/y Leverage down 20% y/y Free cash Flow $193m improvement y/y Earnings, cash flow and leverage reduction being delivered Actions underway to position Nufarm for future success On track to deliver EBITDA growth and positive cash flow in FY26. Strategy is underway and we are delivering 31 1H26 result FY26 expectations 1 Asset optimisation underway Portfolio actions CLOSING COMMENTS 1. Forward looking statements reflect Nufarm’s expectations at the date of this release and are based on information and assumptions known to date. They are subject to risks and uncertainties including as outlined in more detail in our 2025 Annual Report. Full year results are preliminary and subject to audit. Actual results may be significantly different to those expressed. For personal use only
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Q & A For personal use only