Trading Update

KATHMANDU HOLDINGS LIMITED ASX / NZX / MEDIA ANNOUNCEMENT 8 August 2019 KATHMANDU ON TRACK TO DELIVER RECORD PROFIT Kathmandu Holdings Limited (ASX / NZX code KMD) is pleased to report an update on its sales and earnings for the year ended 31 July 2019 (FY2019). Based on unaudited results for FY2019, the Company is expecting: o Total sales of NZ$545 million, up 9.6% on FY2018 o Group same store sales (SSS) growth of +0.6% at constant exchange rates - Australia SSS up +2.7% - New Zealand SSS down -3.9% o Normalised EBIT of between NZ$82.5 million and NZ$84.0 million (FY2018: NZ$74.6 million) o Normalised1 NPAT of between NZ$55.5 million and NZ$57.0 million (FY2018: NZ$50.5 million) o Net debt NZ$19.2 million (FY2018: NZ$31.4 million) Kathmandu's Managing Director and CEO Xavier Simonet said: "We were particularly pleased with the second half performance in Australia given we were cycling strong growth in our key winter period last year. New Zealand conditions were challenging. Oboz, acquired in April 2018, continued to deliver strong sales and EBIT growth in 2H, with continued progress anticipated in FY2020 and beyond." Kathmandu plans to release its audited results for FY2019 in late September. ENDS For further information, please contact: Chris Kinraid, CFO +64 21 390 669 Eric Kuret, Investor Relations +61 417 311 335 eric.kuret@marketeye.com.au End CA:00338764 For:KMD Type:MKTUPDTE Time:2019-08-08 09:34:19