Highlight 0 2025 Annual Results 172 31 45 206 119 32 137 137 137 204 149 149 221 175 93 217 217 217 217 217 217 Disclaimer 172 31 45 206 119 32 137 137 137 204 149 149 221 175 93 217 217 217 217 217 217 Highlight 1 • This presentation and the accompanying slides (the "Presentation") have been prepared by WH Group Limited ("WH Group" or the "Company") solely for information purposes. • This Presentation does not constitute or form part of and should not be construed as, an offer or invitation to acquire, pur ...

Core Viewpoint - UBS's research report indicates that WH Group's second-quarter sales and operating profit are estimated to increase by 12% and 4% year-on-year, respectively, while net profit is expected to decline by 8% [1] Group 1: Financial Performance - WH Group's second-quarter operating profit exceeded expectations, while net profit was generally in line with market expectations [1] - The management believes that due to the expansion of channels and diversification of product offerings, the sales volume of packaged meat in the domestic market will continue to grow year-on-year in the third and fourth quarters [1] Group 2: Forecast Adjustments - UBS raised WH Group's net profit forecasts for the next two years by 2% and 3% [1] - The target price for WH Group was increased from HKD 7.6 to HKD 8.5, maintaining a "Buy" rating [1]

Financial Performance - WH Group's revenue increased by 60% year-over-year to $6554 million in Q1 2025[9] - EBITDA increased by 166% year-over-year to $786 million in Q1 2025[9] - Operating profit increased by 194% year-over-year to $598 million in Q1 2025[9] - Profit attributable to owners of the company increased by 209% year-over-year to $364 million in Q1 2025[9] - Basic earnings per share increased by 209% year-over-year to $00284 in Q1 2025[9] Sales Volume - Packaged meats sales volume decreased by 92% year-over-year to 714000 metric tons in Q1 2025[9] - Pork sales volume increased by 44% year-over-year to 982000 metric tons in Q1 2025[9] Regional Performance - In Q1 2025, China accounted for 306% of the company's revenue[11] - North America accounted for 561% of the company's revenue in Q1 2025[11] - Europe accounted for 133% of the company's revenue in Q1 2025[11]