FY21 Annual Results Announcement

21 September 2021 (All amounts in NZ$ unless otherwise stated) Group result underpinned by strong Rip Curl performance o Strong sales performance from Rip Curl and Oboz, driven by participation growth in surfing and hiking o Kathmandu impacted by COVID related travel restrictions o Investment program in online capabilities delivering results, with online sales accounting for 14.4% of direct to consumer (DTC) sales; a 4-year CAGR of 21.9% p.a. o Strong forward order books for Rip Curl and Oboz, above pre-COVID levels o Strong balance sheet with $37 million net cash, and clean inventory position o Final dividend of 3.0 cents per share (fully franked for Australian shareholders); total FY21 dividend of 5.0 cents per share o Refreshed Group strategy to drive global brand growth and cement ESG leadership Kathmandu Holdings Limited (ASX/NZX: KMD) is pleased to announce its results for the 12 months ended 31 July 2021 (FY21). FY21 key highlights (vs FY20): o Sales up 15.1% to $922.8 million, including a full 12 month contribution from Rip Curl o Gross margin up 40 bps to 58.7% o Underlying EBITDA up 35.9% to $113.3 million (excluding the impact of IFRS 16 and one-off abnormal costs), driven by strong sales performance and focused management of operating expenses o Statutory NPAT of $63.4 million o Underlying NPAT up 110% to $66.3 million (excluding the impact of IFRS 16 and one-off abnormal costs) o Strong balance sheet with $37.0 million net cash, allows the Group to manage any short-term COVID-related challenges while supporting continued growth investment o Final dividend of 3.0 cents per share (fully franked for Australian shareholders); total FY21 dividend of 5.0 cents per share. The following are attached in relation to Kathmandu Holdings Limited's Full Year Result for the period to 31 July 2021: 1. Results Announcement 2. Media Announcement 3. Financial Statements and Independent Auditor's Report 4. Investor Presentation 5. Distribution Notice Investor briefing A briefing session for investors and analysts will be hosted by Michael Daly (Group CEO) and Chris Kinraid (Group CFO) at 8.30am AEST / 10:30am NZST today, Tuesday 21 September 2021. For those wishing to participate, please register for the briefing at the following link: https://event.webcasts.com/starthere.jsp?ei=1488260&tp_key=c191381705 or dial one of the numbers below and provide the participant code to the operator: Australia Toll Free: 1 800 590 693 Australia Local: +61 (0)7 3105 0937 Australia Alt. Local: +61 (0)3 8317 0929 New Zealand Toll Free: 0800 423 972 United States: +1 323-794-2095 Participant Code: 329079 - ENDS - For further information, please contact: Investors Eric Kuret Market Eye P: +61 417 311 335 E: eric.kuret@marketeye.com.au Media Helen McCombie Citadel-MAGNUS P: + 61 2 8234 0103 End CA:00379473 For:KMD Type:FLLYR Time:2021-09-21 09:29:01