KMD - FY23 Annual Results Announcement

Wednesday 20th September 2023

KMD Brands Limited (ASX/NZX: KMD , “KMD” or the “Group”) is pleased to announce its results for the twelve months ended 31 July 2023 (“FY23”).

FY23 key highlights (vs FY22):

• Group sales record, up 12.6% to $1.1 billion

- All brands grew sales, with Rip Curl and Oboz achieving record sales

• Gross margin improvement 20 basis points to 59.1%

• Underlying EBITDA(1) of $105.9 million, up 15.1% YOY despite softening consumer sentiment in the fourth quarter

• Statutory NPAT of $36.6 million; Underlying NPAT(1) up 8.6% YOY to $43.3 million

• Strong balance sheet position

• Final dividend of 3 cents per share (not franked and not imputed); total FY23 dividend of 6 cents per share

The following are attached in relation to KMD Brands Limited's Full Year Result for the period to 31 July 2023:

1. Results Announcement

2. Media Announcement

3. Annual Integrated Report including Financial Statements and Independent Auditor's Report

4. Investor Presentation

5. Distribution Notice

Investor briefing being held today @ 8:30am AEST / 10:30am NZST

Michael Daly (Group CEO & Managing Director) and Chris Kinraid (Group CFO) will be holding a briefing session for investors and analysts at 8:30am AEST / 10:30am NZST today (Wednesday 20 September). To pre-register and avoid a queue when calling, please follow this link:

https://event.webcasts.com/starthere.jsp?ei=1629002&tp_key=75a773ce89

If you are unable to pre-register, at the time of the call please dial one of the numbers below and provide the Participant Code 648518 to the operator.

Australia Toll Free: 1 800 590 693

Australia Local: +61 (0) 2 7250 5438

New Zealand Toll Free: 0800 423 972

New Zealand Local: +64 (0)9 9133 624

United States Local: +1 323-794-2095

United Kingdom Local: +44 (0) 330 165 3646

France Local: +33 (0) 1 76 77 22 73

The webcast will be available on the KMD Brands investor website following the call.

This announcement has been authorised for release to NZX / ASX by the Board of Directors of KMD Brands Limited.

- ENDS -

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