ACCENT GROUP LIMITED — AGM Information 2025

Nov 20, 2025

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2025 Annual General Meeting

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Accent Group FY2025 AGM Presentation

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Accent Group FY2025 AGM Presentation

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David Gordon Chairman

Daniel Agostinelli Group CEO

Accent Group FY2025 AGM Presentation

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Michael Hapgood

Anne Loveridge AM

Donna Player

Lawrence Myers

Dave Forsey

Accent Group FY2025 AGM Presentation

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Matthew Durbin Group CFOO & Joint Company Secretary

Nikki Nuttall Group General Counsel & Joint Company Secretary

Alison Milner Partner, PWC

Accent Group FY2025 AGM Presentation

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Welcome and Introduction

Chairman’s Report

CEO Report

Trading Update

Formal Business

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Accent Group FY2025 AGM Presentation

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$1.6b sales inc.
franchisees [1]
+58%
Demonstrated track $1,393 $1,435 $1,458
record of retail sales $968 $1,103
growth driven by
store rollout and new
banners
FY21 FY22 FY23 FY24 FY25
638 Stores 762 Stores 821 Stores 895 Stores 892 Stores
Expansion of omni-
channel capabilities and
contactable customer 17 websites >9m CUSTOMERS 31 websites
database 4.8m contactable >10m contactable
customers customers
Driving growth
through Distributed 12 distribution
Brands and agreements
Partnerships
Apparel and vertical
sales growth strategy
3% of sales 7% of sales c.9% of sales
1. Includes stores and digital sites, non-IFRS measure
Owned Sales ($millions)
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Accent Group FY2025 Results Presentation

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Accent Group’s mission is to be the market leading, digitally integrated retail and distribution business, in the performance lifestyle market for footwear, apparel and accessories across Australia and New Zealand.

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Global
Distributed
Brands
Retail
861 Retail Stores
and 31 Online Sites
Wholesale
12 Wholesale
Vertical
Brands
Apparel
Owned
Brands
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The Accent Business Model

Scalable, flexible and defensible

Multi-Brand Retail Banners

Range global third-party brands, global distributed brands, and owned vertical brands and products through online and stores

Global Distributed Brands

Dedicated retail stores and online sites, as well as wholesale customer channels

Vertical Apparel Owned Brands

Supports margin growth and product differentiation in multi-brand banners, as well as having dedicated online sites

Accent Group FY2025 AGM Presentation

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Financial Summary— FY25 Vs FY24

Financial Summary— FY25 Vs FY24	Financial Summary— FY25 Vs FY24	Financial Summary— FY25 Vs FY24
%
Profit & Loss ($000's)	FY251	FY24 Change
Owned sales Gross profit Gross margin (%) CODB– excl. lease depreciation & interest CODB %– excl. lease depreciation & interest CODB % Other income– inc. royalties and franchise fees	1,458,337 800,777 54.9% (529,871) 36.3% 46.6% 17,925	1,434,898 1.6% 800,144 55.8% (85bps) (525,911) 36.7% (32bps) 45.9% 75bps 19,454
EBITDA	288,831	293,687 (1.7%)
Depreciation on leases Depreciation & amortisation	(132,318) (46,309)	(115,200) (68,093)
EBIT	110,204	110,394 (0.2%)
Net finance costs on lease liabilities Net interest (paid) / received	(17,378) (10,830)	(16,798) (9,180)
PBT	81,996	84,416 (2.9%)
Tax	(24,336)	(24,886)
Net Profit After Tax	57,660	59,530 (3.1%)

1. Financial results for the 52 weeks ended 29 June 2025, are presented on a statutory post AASB 16 basis unless otherwise noted.

2. The Like-for-Like measurement includes the year-on-year sales comparison for all stores in which a sale has been recorded on the same day the prior year.

Operating Highlights

	Sales	• •	Total company owned sales of $1.46 billion Like for Like (LFL) retail sales2up 0.7% (H1:+2.9%, H2: -1.7%)
		•	Wholesale sales down 5.4%
		•	Gross margin of 54.9% down 85 basis points to
			prior year.
	Gross	•	Gross margins in FY25 were impacted by a challenging consumer environment and
	Margin		heightened promotional activity. While the
			Company maintained disciplined inventory management, this focus placed additional
			downward pressure on margins.
		•	Cost efficiency initiatives have been
	CODB		implemented in non-customer facing areas including (but not limited to) lease renewals,
			support office team costs and distribution costs.
	NPAT	•	NPAT of $57.7 million

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Accent Group FY2025 Results Presentation

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Total Shareholder Return[(][1)] comparison of Accent and the ASX200 (30 June 2015 to 30 June 2025)

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350%
Total Shareholder Return
since 30 June 2015:
300%
Accent Group: 9.7%
(Annualised Return)
250%
ASX200 Index: 10.3%
(Annualised Return)
200%
150%
100%
166.3%
151.5%
50%
0%
(50.0%)
2015 2016 2018 2019 2020 2022 2023 2025
AX1 ASX200
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Source: Bloomberg.

1. Assumes 100% dividend reinvestment on the ex-dividend date..

Accent Group has a unique value and investor proposition in the ANZ market, characterised by:

• Significant scale in the ANZ performance and lifestyle footwear market with 892 direct to consumer stores (including owned stores, franchise stores and websites) and 1,200 wholesale customers with more than 2,000 consumer direct points of sale

• Access to more than 10 million customers across digital, retail and wholesale channels

• Exclusive brand distribution agreements across 12 global brands

• A growing portfolio of owned vertical brands in apparel, footwear and accessories

• Best in class omnichannel operational capabilities

Accent Group FY2025 Results Presentation

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At Accent we “ ” Make It Happen

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Our People

Our people come first

Safety

• 600 safety audits completed

• Emergency Response training

• Respect at Work modules

Diversity & Inclusion

• 67:33 Female to Male ratio

• 30% Female Board representation

Training

• Induction program

• Virtual “How to Series” training

Our Responsibilities

We act with integrity

Ethical Sourcing & Modern Slavery Reporting

• Ethical Souring Policy

• Modern Slavery Reporting

Community Partnerships

• Local community programs lead by the Accent Brands

Data Security

• Enhanced anti-phishing and incidence response programs

Our Environment

We care for our environment

Recycle Program through ASGA

• 370 customer shoe recycling collection points across our stores

• • >105,000 pairs of shoes were collected

Sustainable Product

• Included in our merchandise ranges

Climate

• Scope 1 & 2 emissions calculated

• Preparing to meet the new Carbon reporting standards in FY26

• Accent Group remains an APCO member for packaging compliance

Accent Group FY2025 AGM Presentation

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Matthew Durbin

Group CFO and COO

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Total Sales (inc. Franchisees) Retail Owned Sales
$1.62 billion [1]
$1.27 billion [1]
+0.8% on FY24
+2.5% on FY24
LFL Sales Vertical Sales Store Network
892
c.$130
+0.7% [2] Stores across Australia &
million New Zealand with 54 new
on FY24
c.9% of total sales stores opened during
FY25
Distributed Brands Customers & Loyalty Strategic Partnership TAF Buyback
>10 million
Contactable customers 15 Buybacks completed
with Frasers Group signed in
to commence in FY26 FY25 during FY25
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1. Financial results for the 52 weeks ended 29 June 2025, are presented on a statutory post AASB 16 basis unless otherwise noted.

2. Like-for-Like (“LFL”) sales include TAF Franchisee sales, measurement is based on the year-on-year sales comparison for all stores in which a sale has been recorded on the same day in the prior year

Accent Group FY2025 Results Presentation

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Retail

Store Network[1]

• Retail sales of $1.3 billion, up 2.5% on FY24.

• 54 new stores added to the Accent Group network in FY25 with 39 closures from discontinued brands & Glue (The Trybe: 17, CAT: 8, Glue: 14) and a further 18 closures from other Accent brands.

• Strong retail performance across Hype, TAF, Nude Lucy and others.

• 44 Nude Lucy stores now open with consistently growing results YoY.

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+54
895 -18 892
-39
821
762
638
Discontinued
FY21 FY22 FY23 FY24 Opened Closed FY25
& Glue
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Wholesale

1. Includes store closures and websites. For a breakdown by banner refer to page 11

2. Wholesale sales of $155 million, down 5.4% on FY24.

Vertical Owned Brands

• Continued growth in Vertical Owned sales.

• Sales of c.$130 million, representing c.9% of total owned sales.

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Vertical Owned Brands Sales
($ Millions)
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$126m c.$130m
$105m
$75m
$26m
FY21 FY22 FY23 FY24 FY25
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Accent Group FY2025 Results Presentation

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Sports DirectSports Direct
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• In April, The Company entered into a long-term strategic relationship with Frasers Group plc (Frasers), to launch and operate the Sports Direct business in ANZ receiving net proceeds of c.$49m via subscription .

• At least 50 Sports Direct stores over the next six years.

• At least 4 stores including online are expected to open in FY26 . The first store and website will launch in November 25.

• The business also expects to incur various costs associated with the establishment and growth in Sports Direct ahead of the sales.

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New Stores
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• Continued roll-out of new stores , with 54 stores opened in FY25, a further c.20 new stores are planned in FY26 (excluding Sports Direct).

• With focus on growth brands in performance lifestyle footwear and apparel, The Company sees growth from our new distributed brands, HOKA and UGG .

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New Brands

• Lacoste and Dickies will contribute from FY26.

• Nude Lucy is highly profitable and continues to resonate well with its loyal and growing customer base .

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Nude Lucy

• The brand now has 44 stores trading including online, 7 stores were added in FY25 with further stores planned.

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 Well positioned in the premium athleisure market, this brand
Stylerunner continues to grow, with 9 stores opened in FY25 bringing the total
up to 36 at the end of FY25. Further stores planned in FY26.
 Franchisee buyback is on track with 15 stores acquired
The Athlete’s Foot
 45 Franchisee stores remain as at the end of FY25, with a
(TAF)
further 13 buybacks are planned in FY26.
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• Well positioned in the premium athleisure market, this brand continues to grow, with 9 stores opened in FY25 bringing the total up to 36 at the end of FY25. Further stores planned in FY26.

• Franchisee buyback is on track with 15 stores acquired in FY25.

• 45 Franchisee stores remain as at the end of FY25, with a further 13 buybacks are planned in FY26.

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Accent Group FY2025 Results Presentation

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• Update on trade for the first 20 weeks of FY26

• Total Group owned sales YTD are up 3.7%

• LFL sales for the first 20 weeks are down 0.4%

• FY26 gross margin % YTD is down 1.6% with the comparable period last year

• Sports category including, The Athlete’s Foot, HOKA, Saucony and Merrell, continue to perform well.

• CODB and inventory continue to be managed well and in line with plan.

• On the basis the LFL sales are below expectations of low single digit growth and gross margin is below prior year, EBIT for H1 is expected to be in the range $55m-$60m (inclusive of nonrecurring losses).

• Full Year EBIT is expected to be in the range of $85m - $95m. Full year guidance assumes the range for H1 above and H2 EBIT in a range of $30m - $35m.

• Sports Direct update – Sports Direct store at Fountain Gate and the Sports Direct online store launched on 15 November. A further 3 stores are planned for the remainder of FY26.

Accent Group FY2025 AGM Presentation

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Accent Group FY2025 AGM Presentation