FY23 Annual Results Announcement

20 September 2023 (All amounts in NZ$ unless otherwise stated) KMD Brands delivers record $1.1 billion sales in FY23 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): o Group sales record, up 12.6% to $1.1 billion - All brands grew sales, with Rip Curl and Oboz achieving record sales o Gross margin improvement 20 basis points to 59.1% o Underlying EBITDA(1) of $105.9 million, up 15.1% YOY despite softening consumer sentiment in the fourth quarter o Statutory NPAT of $36.6 million; Underlying NPAT(1) up 8.6% YOY to $43.3 million o Strong balance sheet position o 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 - For media and investor enquiries, please contact enquiries@kmdbrands.com (1) Excluding the impact of IFRS 16, restructuring, and the notional amortisation of Rip Curl and Oboz customer relationships End CA:00418516 For:KMD Type:FLLYR Time:2023-09-20 09:30:25