BAPCOR LIMITED — Investor Presentation 2026

Feb 25, 2026

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1H26
Results Presentation
26 February 2026
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Disclaimer

IMPORTANT: You must read the following before continuing

Not for release or distribution in the United States (other than in presentations to a limited number of "qualified institutional buyers" as set out below).

The information contained in this presentation (" Presentation ") has been prepared by Bapcor Limited (" Bapcor " or the " Company ") and is dated 26 February 2026.

Pursuant to ASX Listing Rule 15.5, Bapcor confirms that this Presentation has been authorised for release to ASX by the board of directors of Bapcor ("Board"). This Presentation has been prepared in relation to Bapcor's fully underwritten accelerated non-renounceable entitlement offer of new fully paid ordinary shares (" New Shares ") to be made to eligible institutional shareholders of Bapcor (" Institutional Entitlement Offer ") and eligible retail shareholders of Bapcor (" Retail Entitlement Offer ") under section 708AA of the Corporations Act as modified by ASIC Corporations (Disregarding Technical Relief) Instrument 2016/73 and ASIC Corporations (Non-Traditional Rights Issues) Instrument 2016/84 (together, the " Entitlement Offer ") and a placement of New Shares to new and existing institutional investors under section 708A of the Corporations Act (“Placement” and together with the Entitlement Offer, the “ Equity Raising ”).

Bapcor reserves the right to withdraw the Equity Raising, or to vary the timetable for the Equity Raising, without notice.

This Presentation is for informational purposes only and is not an offer of securities for sale in the United States of America, its territories or possessions, any state of the United States or the District of Columbia (collectively, the "United States"). This Presentation may not be retransmitted, published, released or otherwise redistributed in or into the United States by any recipient hereof. The securities referred to herein have not been and will not be registered under the US Securities Act, or under the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold, directly or indirectly, in or into the United States absent registration except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and in accordance with any applicable securities laws of any state or other jurisdiction of the United States. There will be no public offering of the securities referred to herein in the United States.

Summary Information

This Presentation contains summary information about Bapcor that is current as at the date of this Presentation (unless otherwise indicated). The information in this Presentation is general in nature, and does not purport to be complete. In particular, this Presentation does not contain all of the information that an investor may require in evaluating a possible investment in New Shares or in Bapcor generally, nor does it contain all information that would be required in a disclosure document or prospectus prepared in accordance with the requirements of the Corporations Act. This Presentation has been prepared by Bapcor with due care, but no representation or warranty, express or implied, is provided in relation to the accuracy, reliability, fairness or completeness of the information, opinions or conclusions in this Presentation by Bapcor or any Limited Party (defined below). Statements in this Presentation are made only as of the date of this Presentation, unless otherwise stated, and the information in this Presentation remains subject to change without notice. To the maximum extent permitted by law, Bapcor is not responsible for updating, and does not undertake to update, this Presentation. This Presentation should be read in conjunction with Bapcor's other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange ("ASX"), which are available at www.asx.com.au or the Company's website.

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Not an Offer

This Presentation is not and should not be considered an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any securities in Bapcor (including New Shares). This Presentation has been made available for information purposes only and does not constitute a prospectus, product disclosure statement or other disclosure document under the Corporations Act, or any other offering document under Australian law or any other law (and will not be lodged with the Australian Securities and Investments Commission (ASIC) or any foreign regulator), and is not subject to the disclosure requirements affecting disclosure documents under Chapter 6D of the Corporations Act.

This Presentation does not constitute an offer to sell, or a solicitation of an offer to buy, securities in any jurisdiction. The distribution of this Presentation (including any electronic copy of this Presentation) outside Australia may be restricted by law. Persons who come into possession of this Presentation should observe any such restrictions, as any non-compliance could contravene applicable securities laws. Please refer to the "International Offer Restrictions" section of the Equity Raising Presentation released to the ASX by Bapcor on or around the date of this Presentation for more information. By accessing this Presentation, you represent and warrant that you are entitled to receive such Presentation in accordance with these restrictions, and agree to be bound by the limitations contemplated by them.

No investment or financial product advice

This Presentation, and the information provided in it, does not constitute, and is not intended to constitute, financial product or investment advice, or a recommendation to acquire New Shares or invest in the Company, nor does it constitute, and is not intended to constitute, accounting, legal or tax advice and must not be relied upon as such. This Presentation does not, and will not, form any part of any contract or commitment for the acquisition of New Shares. This Presentation has been prepared without taking into account the objectives, financial or tax situation or particular needs of any individual. Before making an investment decision (including any investment in New Shares or Bapcor generally), prospective investors should consider the appropriateness of the information and an investment having regard to their own objectives, financial and tax situation and needs, and seek professional advice from their legal, financial, taxation or other independent adviser (having regard to the requirements of all relevant jurisdictions). Bapcor is not licensed to provide financial product advice in respect of an investment in shares. Cooling off rights do not apply to the acquisition of New Shares. Any investment in any publicly-traded company, including Bapcor, is subject to significant risks of loss of income and capital.

Forward-looking statements

This Presentation may contain certain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of forward looking words such as "may", "will", "expect", "intend", "plan", "estimate", "target", "propose", "anticipate", "continue", "forecasts", "outlook" and "guidance", or other similar words (or the negative thereof). These forward-looking statements included all matters that are not historical facts. Such forward-looking statements may include, but are not limited to, statements regarding: Bapcor’s intent, belief or current expectations with respect to the timetable, conduct and outcome of the Equity Raising and the use of proceeds thereof, statements about the plans, objectives and strategies of the management of Bapcor, statements about the industry and markets in which Bapcor operates, statements about the future performance of Bapcor's business and its financial condition, indicative drivers, forecasted economic indicators and the outcome of the Equity Raising and the use of proceeds.

By their nature, forward-looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements to be materially greater or less than estimated (refer to the "Key Risks" section of the Equity Raising Presentation released to the ASX by Bapcor on or around the date of this Presentation).

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These factors may include, but are not limited to, funding, servicing and liquidity risk, strategic execution and transformation risk, changes in commodity and energy prices, foreign exchange fluctuations and general economic conditions, capital market conditions, increased costs, a reduction in demand for Bapcor's products, supply chain disruptions, political and social risks, changes to the regulatory framework within which Bapcor operates or may in the future operate, environmental conditions including climate change and extreme weather conditions, environmental issues, the recruitment and retention of key personnel, industrial relations issues and litigation.

Any such forward-looking statements, opinions and estimates in this Presentation (including any statements about market and industry trends) are based on assumptions and contingencies, all of which are subject to change without notice, and may ultimately prove to be materially incorrect. Accordingly, prospective investors should consider any forward-looking statements in this Presentation in light of those disclosures, and not place undue reliance on any forward-looking statements. Forward-looking statements are provided as a general guide only and should not be relied upon as, and are not, an indication or guarantee of future performance. All forward-looking statements involve significant elements of subjective judgement, assumptions as to future events that may not be correct, known and unknown risks, uncertainties and other factors – many of which are outside the control of Bapcor. Except as required by applicable law or regulation (including the ASX Listing Rules), Bapcor does not make any representations, and provides no warranties, concerning the accuracy of any forward-looking statements, and disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or results, or otherwise. To the maximum extent permitted by law, neither Bapcor nor any of its directors, officers, agents, employees or advisors give any representation or warranty, express or implied, as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this Presentation.

Investment Risks

As noted above, an investment in Bapcor (including New Shares) is subject to both known and unknown risks, some of which are beyond the control of Bapcor. Bapcor does not guarantee any particular rate of return or its performance, nor does it guarantee any particular tax treatment of transactions involving its securities (including New Shares). Prospective investors should have regard to the risks outlined in this Presentation, including the "Key Risks" section of the Equity Raising Presentation released to the ASX by Bapcor on or around the date of this Presentation, when making their investment decision, and should make their own enquires and investigations regarding all information in this Presentation and the Equity Raising Presentation released to the ASX by Bapcor on or around the date of this Presentation, including, but not limited to, the assumptions, uncertainties and contingencies that may affect Bapcor's future operations, and the impact that different future outcomes may have on Bapcor. There is no guarantee that any investment in Bapcor (including an investment in New Shares) will make a return on the capital invested, that dividends will be paid on any New Shares, or that there will be an increase in the value of Bapcor or the New Shares in the future. Accordingly, an investment in Bapcor (including an investment in New Shares) should be considered highly speculative, and potential investors should consult their professional advisers before deciding whether to invest in Bapcor (including any subscription for New Shares).

Time

All references to time in this Presentation are to Australian Eastern Daylight Time, unless otherwise indicated.

Past performance

Prospective investors should note that past performance, including past Share price performance and any pro forma historical information in this Presentation, is given for illustrative purposes only, and cannot be relied upon as an indicator of (and provides no guidance, assurance or guarantee as to) Bapcor's future performance, including future Share price performance. The pro forma historical information is not represented as being indicative of Bapcor's views – or any Limited Party's (defined below) views – on Bapcor's future financial condition and/or performance.

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Disclaimer

No party other than Bapcor has authorised or caused the issue, lodgement, submission, dispatch or provision of this Presentation, or takes any responsibility for, or makes or purports to make, any statements, representations or undertakings in this Presentation.

Neither the lead manager and underwriter of the Equity Raising (" Lead Manager "), nor any of its related bodies corporate, shareholders or affiliates, or their respective officers, directors, employees, affiliates, agents or advisers (together, with the Lead Manager each a " Limited Party ") have authorised, permitted or caused the issue, lodgement, submission, dispatch or provision of this Presentation and the Limited Parties do not make or purport to make any statement in this Presentation, and there is no statement in this Presentation that is based on any statement by a Limited Party. No Limited Party makes any recommendation as to whether any potential investor should participate in the Equity Raising , and no Limited Party makes any representation, assurance or guarantee in connection with the repayment of capital or any particular rate of income or capital return on an investment in Bapcor (including an investment in New Shares). To the maximum extent permitted by law, by accessing this Presentation, recipients of it undertake that they will not seek to bring any claim against any Limited Party, or otherwise hold any Limited Party liable in any respect, in connection with this Presentation or the Equity Raising .

To the maximum extent permitted by law, Bapcor, the Limited Parties and the parties mentioned in this document expressly exclude and disclaim all liability (including, without limitation, any liability arising out of fault or negligence on the part of any person) for any direct, indirect, consequential or contingent loss or damage, or any costs or expenses, arising from the use of this Presentation or its contents, or otherwise arising in connection with it or the Entitlement Offer. The Limited Parties do not make any representations or warranties (express or implied) about the Equity Raising or as to the currency, accuracy, reliability or completeness of the information, opinions and conclusions in this Presentation (including, without limitation, any financial information, any estimates or projections and any other financial information) and have not independently verified any such information and take no responsibility for any part of this Presentation or the Equity Raising . By accessing this Presentation you represent, warrant and agree that you have not relied on any statements made by the Limited Parties in relation to the New Shares and the Equity Raising .

The Limited Parties do not accept any fiduciary, agency, custodial or other legal obligations to, or any fiduciary, agency, custodial or other legal relationship with, any investor or potential investor or shareholder of Bapcor, in connection with the Equity Raising , the New Shares or otherwise. By accessing this Presentation, each recipient expressly disclaims any such fiduciary, agency, custodial or other legal relationship, and agrees that it is responsible for making its own independent judgements with respect to the New Shares, the Equity Raising and any other transaction or other matter arising in connection with this Presentation.

Determination of eligibility of investors for the purposes of the Equity Raising is determined by reference to a number of matters, including legal requirements, logistical and registry constraints, and the discretion of Bapcor and the Lead Manager. To the maximum extent permitted by law, Bapcor, the Lead Manager and each other Limited Party disclaims any duty or liability (including for negligence) in respect of that determination and the exercise or otherwise of that discretion. The Lead Manager may rely on information provided by or on behalf of institutional investors in connection with managing and conducting the Equity Raising without having independently verified that information, and the Lead Manager does not assume responsibility for the accuracy or completeness of that information.

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Industry data

Certain market and industry data used in connection with or referenced in this Presentation may have been obtained from public filings, research, surveys or studies made or conducted by third parties, including as published in industry-specific or general publications. Third party industry publications, studies and surveys generally state that the data contained therein has been obtained from sources believed to be reliable, but that there is no guarantee of the accuracy or completeness of such data. Neither Bapcor nor its advisers nor any Limited Party, nor their respective representatives, have independently verified any such market or industry data. To the maximum extent permitted by law, each of these persons expressly disclaims any responsibility or liability in connection with such data.

Effect of rounding

A number of figures, amounts, percentages, estimates, calculations of value and fractions in this Presentation are subject to the effect of rounding. Accordingly, the actual calculation of these figures may differ from the figures set out in this Presentation.

Financial data

All monetary values expressed as "$" or "A$" in this Presentation are in Australian dollars, unless stated otherwise.

This Presentation also includes pro forma financial information to show the impact of the Equity Raising . The pro forma financial information has not been audited by Bapcor's auditors. The pro forma financial information included in this Presentation is for illustrative purposes and does not purport to be in compliance with Article 11 of Regulation S-X of the rules and regulations of the U.S. Securities and Exchange Commission.

In addition, prospective investors should be aware that financial data in this Presentation includes "non-IFRS financial information" under ASIC Regulatory Guide 230 "Disclosing non-IFRS financial information" published by ASIC and also "non-GAAP financial measures" within the meaning of Regulation G under the U.S. Securities Exchange Act of 1934 and are not recognised under Australian Accounting Standards and International Financial Reporting Standards (IFRS). The non-IFRS/non-GAAP financial measures in this Presentation include EBITDA, NPV and IRR. Among other things, the disclosure of such non-GAAP financial measures in the manner included in this Presentation would not be permissible in a registration statement under the U.S. Securities Act.

The non-IFRS financial measures do not have standardised meanings prescribed by Australian Accounting Standards and, therefore, may not be comparable to similarly titled measures presented by other entities, nor should they be construed as an alternative to other financial measures determined in accordance with Australian Accounting Standards. Although Bapcor believes the non-IFRS financial information (and non-IFRS financial measures) provide useful information to readers of this Presentation, readers are cautioned not to place undue reliance on any non-IFRS financial information (or non-IFRS financial measures).

Similarly, non-GAAP financial measures do not have a standardised meaning prescribed by Australian Accounting Standards or International Financial Reporting Standards and therefore may not be comparable to similarly titled measures presented by other entities, nor should they be construed as an alternative to other financial measures determined in accordance with Australian Accounting Standards or International Financial Reporting Standards. Although Bapcor believes that these non-GAAP financial measures provide useful information to readers of this Presentation, readers are cautioned not to place undue reliance on any such measures.

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Disclosure

This Offer is underwritten by the Lead Manager. A summary of the key terms of the underwriting agreement between Bapcor and the Lead Manager is provided in the Equity Raising Presentation released to the ASX by Bapcor on or around the date of this Presentation.

The Lead Manager, together with its affiliates and related bodies corporate, is a full service financial institution engaged in various activities, which may include (but are not limited to) trading, financing, financial advisory, investment management, investment research, principal investment, hedging, market making, margin lending, brokerage and other financial and non-financial activities and services including for which they have received or may receive customary fees and expenses. The Lead Manager (and/or its affiliates and related bodies corporate) has performed, and may perform, other financial or advisory services for Bapcor, and/or may have other interests in or relationships with Bapcor, its related entities and/or other persons or entities and/or persons and entities with relationships with Bapcor and/or its related entities for which they have received or may receive customary fees and expenses.

In the ordinary course of its various business activities, the Lead Manager (and/or its affiliates and related bodies corporate) may purchase, sell or hold a broad array of investments and actively trade or effect transactions in equity, debt and other securities, derivatives, loans, commodities, currencies, credit default swaps and/or other financial instruments for their own account and for the accounts of their customers, and such investment and trading activities may involve or relate to assets, securities and/ or instruments of Bapcor, its related entities and/or persons and entities with relationships with Bapcor and/or its related entities. The Lead Manager and/or its affiliates and related bodies corporate, or their respective officers, employees, consultants or agents may, from time to time, have long or short positions in, buy or sell (on a principal basis or otherwise), and may act as market makers in, the securities or derivatives, or serve as a director of any entities mentioned in this Presentation. The Lead Manager (and/or its affiliates and related bodies corporate) currently hold, and may continue to hold, equity, debt and/or related derivative securities of Bapcor and/or its related entities.

In connection with the Equity Raising , one or more investors may elect to acquire an economic interest in the New Shares (“ Economic Interest ”), instead of subscribing for or acquiring the legal or beneficial interest in those shares. The Lead Manager (or its affiliates) may, for their own account, write derivative transactions with those investors relating to the New Shares to provide the Economic Interest, or otherwise acquire shares in Bapcor in connection with the writing of such derivative transactions in the Equity Raising and/or the secondary market. As a result of such transactions, the Lead Manager (or its affiliates) may be allocated, subscribe for or acquire New Shares or shares of Bapcor in the Equity Raising and/or the secondary market, including to hedge those derivative transactions, as well as hold long or short positions in such shares. These transactions may, together with other shares in Bapcor acquired by the Lead Manager or its affiliates in connection with their ordinary course sales and trading, principal investing and other activities, result in the Lead Manager or its affiliates disclosing a substantial holding and earning fees.

The Lead Manager and/or its respective affiliates may also receive and retain other fees, profits and financial benefits in each of the above capacities and in connection with the above activities, including in its capacity as a lead manager to the Equity Raising .

Acknowledgement and agreement

By attending an investor presentation or briefing, or accepting, accessing or reviewing this Presentation, you acknowledge and agree to the terms set out in this "Disclaimer" section of the Presentation and in the "International Offer Restrictions" section of the Equity Raising Presentation released to the ASX by Bapcor on or around the date of this Presentation).

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Acknowledgement of Country

Bapcor would like to acknowledge the Traditional Custodians of country throughout Australia. We pay our respect to elders past and present.

We recognise the continued connection of all First Nations people with country across Australia, in particular, on all the land where Bapcor operates.

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About Bapcor

A leading ANZ provider of aftermarket vehicle parts, accessories, equipment, service and solutions

$973M

1H26

Total revenue

~900 Locations

Strong brands

across segments

39% of revenue[1 ]

We sell to independent mechanics, national chains and service centres.

32% of revenue

We have a collection of truck (CVG), electrical (JAS) and specialist brands. These service the truck, auto electrical and parts reseller markets.

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Wholesale
Specialist Networks
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Our customers Generalist mechanics 21% of revenue 8% of revenue Truck & We sell to consumers We sell to independent Commercial through our retail mechanics, national mechanics business, which has a chains, service centres franchise and service and to businesses element. through a wholesale DIYers, car model. enthusiasts,

21% of revenue

DIYers, car enthusiasts, car carers

Specialist auto trade Parts resellers

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1. All revenue percentages exclude unallocated and head office revenue

Summary of 1H26 results

1H26 impacted by lower revenues and higher costs. New management team in place to deliver the turnaround

• Statutory Loss of $104.8M includes $110.3M (post-tax) of significant items

• Group Revenue of $973.0M down 2.3% on pcp

• Underlying NPAT of $5.5M, in line with Dec-25 guidance

NPAT – Statutory

($104.8)M

372% vs 1H25

NPAT – Underlying

$5.5M

87.2% vs 1H25

• Trade: impacted by heightened competition and cost pressures

• Networks: performance was impacted by disruption from now completed business and DC consolidation activities

• Retail and New Zealand : impacted by heightened competition and challenging macro environments

• Corporate: higher costs due to continued investment in IT and supply chain

• Positive sales momentum emerging across Networks, Retail and New Zealand

Revenue Gross Margin – Underlying $973M 44.9%

$973M

154 bps vs 1H25

2.3% vs 1H25

• Implementing a number of initiatives to stablise the business o Continued execution of strategic imperatives

• Pausing interim dividend

• Stronger financial processes and controls

• Recent key executive appointments with strong automotive and retail experience: o Chris Wilesmith, CEO & MD (20+ years executive leadership in automotive) o Craig Magill EGM Trade (25+ years auto aftermarket) o Dean Austin EGM Retail (30+ years in retail)

• New and energised Board and Chair appointments and strengthened governance processes; focused on sustainable growth and driving value

General note: All financial numbers are on a Underlying basis unless stated otherwise. Refer to appendices for the reconciliation of statutory to Underlying numbers. The 1H25 financial results have been restated - refer to Note 3 of the Appendix 4D and Financial report – 31 December 2025 for details. Note 1 – Net debt is before the impact of the $200M equity raising

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Net Debt[1]

$387.3M

6.2% vs FY25

Cash Conversion

93.4%

vs 108.5% in 1H25

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Initial CEO observations

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• Fundamentally a good business with solid foundations

• Operates in an essential industry, supported by long term demand from expanding and aging car parc

• Vast majority of sales from nondiscretionary products

• Team has a strong commitment to serving customers

• Significant work done to strengthen financial processes and capabilities

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• Business still overly complex and more work is required to simplify and integrate our operations

• Loss of industry knowledge and expertise over time has impacted the customer experience and market share

• Pricing and stock availability issues have impacted our competitiveness and market share

• Operating in an elevated cost environment

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• Rebuild capability and knowledge in team members by providing the right resources and environment

• Re-focus the business on customers by improving pricing, stock availability and service levels

• Leverage recent leadership appointments to restore performance

• Rebuild strong and productive relationships with trade partners (suppliers)

• Removing non-productive activity and associated costs

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Get the engine running

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Enhance Capital Return to
Optimise
profitability CODB efficiency growth
 Improved discounting  Removal of non-value add  Range and merchandising  Stabilising Team
controls activities across the Group review
 Rectify price position
 Improved branch level  Group wide review of all  Identification of excess
ranging major costs inventory, redeploy to 
Improve “in-stock” positions
where needed
 Category mix management  Review COGS escalation
 Increased focus on
collection of debtors
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Turnaround led by a new and energised leadership with strong automotive industry experience

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1H26 progress on existing strategic imperatives

1. Optimised network

2. One supply chain

3. Customer focus

• Improved management of customer calls in Trade segment with upgrade of communications system

• Commenced portfolio reviews across key wholesale categories to optimise inventory

• Implemented company-wide NPS capability to enhance future customer experience

• Opened the new Dunedin Supersite combining 4 brands in one site and closing 3 sites; plans progressed for an additional 3 New Zealand supersites

• Closed 3 underperforming Autobarn stores and converted one franchise to company owned store.

• New Zealand South Island distribution centre fully operational (Feb ’26), more effectively servicing the South Island and improve delivery times

• Consolidation of two Auckland distribution centres is underway (completion scheduled for 1H27)

• Relaunched Autobarn brand (“All For The Drivers”)

• Commenced Trade price realignment project to improve competitiveness (three categories reviewed in Q2; remaining category reviews to be completed in FY26)

• Opened 3 new Trade stores in Australia and 1 in Thailand

• Opened 1 new CVG branch in NSW and closed 1 underperforming Victorian store

• Consolidated JAS and Baxters store into one site in Newcastle

• Consolidated the CVG WA distribution centre into WA distribution centre (DCW)

• Operations commenced in two offshore consolidation centres (located in Shanghai & Qingdao) with the first shipment in December

• Completed customer experience discovery project, providing deeper insights across all brands

• Implemented changes to Burson store manager incentives to grow own brand sales

• Launched Direct to Customer deliveries from the DCs, increasing service levels for Wholesale customers

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1H26 progress on existing strategic imperatives

4. Digitalise the business

5. Store fitness

6. Simplify the business

• Enhanced EzyParts platform (Trade & New Zealand on-line parts catalogue) and progressed the integration of customer systems

• Launched Ezydata to provide customers with digital manuals for replacing car parts

• Completed New Zealand business telephony hardware roll out, enhancing responsiveness to customer calls. Further software enablers to follow in 2H26

• Developed Vehicle On Road (VOR) system in New Zealand to improve alignment of ranging supporting overall inventory quality and localised car parc supply

• Built team capability:

• Piloted manager training program across all segments to build leadership capability

• Hired 30+ new Autobarn store managers

• Implemented Wholesale team sales training and incentive program

• Commenced focused performance reviews for underperforming Trade stores

• Implemented process improvements and controls for Precision inventory management, sales planning and financial management

• Refurbished 6 Autobarn stores with two more underway

• Eliminated intercompany sales and margin between segments to refocus the business on external sales

• Completed the core implementation of a single email platform and office applications across the group (Bapcor Modern Workplace)

• Simplified payroll processes by reducing the number of pay cycles (7 to 5)

• Prepared the business for the introduction of HRIS, the central system all team members will use for HR activities

• New Zealand Branch Manager & Assistant Branch Manager performance dashboard implemented for trade stores

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1H26 segment overview

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Revenue [2 ] EBITDA
8% 9%
39%
Trade
15%
21%
Specialist Wholesale
48%
Retail
New Zealand
28%
32%
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Revenue by type

3% 10% 11% 76% Non discretionary – Trade & Wholesale Non discretionary – Retail Discretionary – Retail Discretionary – Tools & Equipment

			Revenue1	Revenue1	1H26 V 1H25		**EBITDA1 **	**EBITDA1 **	1H26 V 1H25		Non discretionary – Trade & Wholes Non discretionary – Retail
Segment	($M)		1H26	1H25	%		1H26	1H25	%		Discretionary – Retail
Trade			387.1	393.7	(1.7%)		54.9	81.6	(32.7%)		Discretionary – Tools & Equipment
Networks			312.4	320.1	(2.4%)		32.1	33.0	(2.8%)
Retail			205.2	209.2	(1.9%)		16.8	23.6	(28.9%)
New Zealand			82.0	87.1	(5.9%)		10.1	14.7	(31.4%)
Eliminations & Group			(13.7)	(14.2)	3.8%		(36.9)	(23.8)	(55.0%)
Total			973.0	995.8	(2.3%)		76.9	129.2	(40.4%)
	Notes:
	1.	1H25 numbers have been restated to a) reflect the changes in the operating model to eliminate intercompany sales and margin between the segments, refer to Note 4 of the Appendix 4D and
		Financial Statements – 31 December 2025 b) correct prior period errors, with a reduction in opening retained earnings at 1 July 2025 refer to Note 3 of the Appendix 4D and Financial Statements –
		31 December 2025 and c) 1H25 revenue and EBITDA for the retail segment has been adjusted to include a business previously classified as held for sale which is to be retained, refer to Note 4 of the Appendix 4D and Financial Statements – 31 December 2025

1. Percentage calculations exclude unallocated and head office revenue

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Trade

• Trade revenue decreased 1.7%:

Performance impacted by competitive market, cost and inflationary pressures

$M	1H26	1H251
Revenue	387.1	393.7	-1.7%
Parts	359.0	362.8	-1.1%
Tools & Equipment	28.1	30.9	-9.1%
EBITDA	54.9	81.6	-32.7%
EBITDA margin	14.2%	20.7%	-655bps
Same store sales	-1.1%	+1.8%	-2.9ppt
# of branches	245	237	+8

• Parts revenue down -1.1% on pcp driven by increased competition combined with high turnover of store manager roles.

• Tools & Equipment revenue down -9.1%, driven largely by weakness in the Tools category due to competition and disruption in the equipment business.

• EBITDA and EBITDA margin were down due to lower gross margin from competitive market, cost of good price increases, and broader cost inflation (labour and occupancy). Margins in the equipment business were adversely impacted by increased competition and foreign exchange headwinds

• 1H25 result also benefited from $4M non-recurring provision release

• Strategic network expansion continued with 3 new branches across Queensland and South Australia and 1 in Thailand. Branch expansion program under review

• Strengthened leadership with experienced appointments for EGM Trade, General Manager Commercial, General Manager Sales and Marketing and General Manager Precision

• Performance improvement plans commenced early in 2H26 focused on pricing, sales, store ranging and, recruitment and training

Notes:

1. 1H25 numbers have been restated to a) reflect the changes in the operating model to eliminate intercompany sales and margin between the segments. Trade now includes the wholesale margin and associated costs previously included in the Networks segment. Refer to Note 4 of the Appendix 4D and Financial Statements – 31 December 2025 and b) correct prior period errors, with a reduction in opening retained earnings at 1 July 2025 refer to Note 3 of the Appendix 4D and Financial Statements – 31 December 2025

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• Equipment operational review completed with plans developed to improve operational efficiency and customer service in 2H26.

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18 18

Networks[1 ]

• Revenue down 2.4%

Focusing on building performance after integration disruption

$M	1H26	1H252, 3
Revenue3	312.4	320.1	-2.4%
Specialist Networks	229.1	236.2	-3.0%
Wholesale	83.4	83.9	-0.6%
EBITDA3	32.1	33.0	-2.8%
EBITDA margin	10.3%	10.3%	-5bps
# of branches	117	142	-25

• Specialist Networks revenue declined 3% driven by JAS Auto Electrical. Sales per day have grown month on month for 5 consecutive months to December, post FY25 restructure. CVG revenue recently impacted by the loss of key accounts

• Wholesale revenue declined 0.7% on pcp due to disruption from FY25 warehouse consolidation and business restructuring, but was up 8.9% on 2H25 as sales momentum improved through the half, with a record December

• EBITDA decline broadly in-line with revenue decline

• Specialist Networks

• CVG is working to secure key account opportunities, uplift category performance across Japanese and European parts and turnaround underperforming stores

• CVG network optimisation continued

• JAS has been focused on team stability, product range and availability which is delivering revenue improvements

• Wholesale

• New model is driving a turnaround through a combined product, sales and marketing team with a reinvigorated brand offering

WHOLESALE

Notes:

1. Segment previously called Specialist Wholesale

2. 1H25 numbers have been restated to reflect the changes in the operating model to eliminate intercompany sales and margin between the segments. The wholesale margin and associated costs are recorded in the Trade and Retail segments to align with the segment which sells externally. Refer to Note 4 of the Appendix 4D and Financial Statements – 31 December 2025

3. 1H25 excludes MTQ revenue and EBITDA as the business was sold on 28 November 2024

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SPECIALIST NETWORKS

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19

Retail

Early signs of revenue improvement although impacted by cost pressures

$M	1H26	1H253, 4
Revenue1	205.2	209.2	-1.9%
EBITDA	16.8	23.6	-28.9%
EBITDA margin	8.2%	11.3%	-321bps
Same store sales2	-1.4%	-2.0%	+60bps
# of company owned stores	121	123	-2
# of franchise stores	217	230	-13
Total Stores	338	353	-15

Notes:

1. Revenue includes company store revenue and franchisee fees

2. Same store sales relate to company owned stores only

3. 1H25 numbers have been restated to reflect the changes in the operating model to eliminate intercompany sales and margin between the segments. The wholesale margin and associated costs are recorded in the Trade and Retail segments to align with the segment which sells externally. Refer to Note 4 of the Appendix 4D and Financial Statements – 31 December 2025

4. 1H25 revenue & EBITDA has been adjusted to include a business previously classified as held for sale which is to be retained, refer to Note 4 of the Appendix 4D and Financial Statements – 31 December 2025

5. Revenue declined 1.9% impacted by challenging macro environment and competitor activity. Trading improved in Q2 following strong Black Friday and pre-Christmas performance

6. EBITDA decline driven by cost pressures, investment in Autobarn brand, and non-recurring provision release from FY25

7. Autobarn network optimisation

8. with the closure of 3 underperforming stores,

9. refurbishment of 6 additional stores and

10. the conversion of one franchise to company owned store.

11. Autobarn and Autopro websites continue to increase online sales by 28%

12. Accelerate loyalty program continued to grow reaching 1.9M (1.7M at 30 June 2025 ), with 7% increase in active members to 970k

13. Appointment of experienced retailer, Dean Austin as EGM Retail in December and implemented of 100-day plan to lift operational and financial performance

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20

New Zealand

Recent revenue improvements while macroeconomic headwinds continue

$M	1H26	1H25
Revenue	82.0	87.1	-5.9%
EBITDA	10.1	14.7	-31.4%
EBITDA margin	12.3%	16.9%	-458bps
Same store sales1	-3.9%	-1.6%	-230bps
# of company stores2	74	79	-5
# of Licensee stores3	118	115	+3
Total Stores	192	194	-2

Notes:

1. Company-owned stores only and in local currency

2. Company stores now represent physical locations. In prior years locations were quoted based on the number of trading locations per brand or business eg if two businesses operated from the same location that was treated as two locations.

3. Licensee stores are independent businesses operating the Bapcor owned brands of Battery Town and/or Shock Shop

4. Revenue down 5.9% in AUD (down 3.9% in NZD) impacted by challenging macro economic conditions which impacted volumes and increased competition. Sales improved in November and December supported by strong promotional activity and infield sales execution

5. EBITDA declined due to lower revenue and margin decline, including from price realignment and mix shift into lower margin products

6. Establishment of a new South Island distribution centre to ensure supply resiliency and improve delivery times to customer

7. Developed Vehicle On Road (VOR) system in New Zealand to improve alignment of ranging supporting overall inventory quality and localised car parc supply

8. Completed business telephony hardware rollout enhancing responsiveness to customer calls

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21

1H26 Financial Summary

Kim Kerr

Chief Financial Officer

22

Income Statement

$M1, 2	1H26	1H25 Restated2	% change
Revenue Cost of Goods Sold (COGS)	973.0 (535.7)	995.8 (532.9)	-2.3% 0.5%
Gross Margin	437.3	462.9	-5.5%
Cost of Doing Business (CODB)	(360.4)	(333.7)	8.0%
EBITDA	76.9	129.2	-40.4%
Depreciation and amortisation	(49.8)	(49.3)	1.2%
EBIT	27.1	79.9	-66.1%
Finance costs	(19.0)	(18.7)	1.3%
Profit before tax	8.1	61.2	-86.7%
Income tax expense	(2.4)	(18.1)	-86.8%
Non-controlling interest NPAT – underlying	(0.2) 5.5	0.1 43.2	-87.2%
Significant items	(110.3)	(4.5)	>100%
Significant items	(114.8)	(6.5)
Tax on significant items	4.5	2.0
NPAT -Statutory	(104.8)	38.7	-371.5%
Key performance indicators
Gross Margin %	44.9%	46.5%	-154bps
CODB %	37.0%	33.5%	-353bps
EBITDA margin %	7.9%	13.0%	-506bps

Key points

• Statutory loss of $104.8M includes $110.3M post-tax significant items detailed on slide 31

• Underlying NPAT of $5.5M is lower than PCP due to stronger competition, cost pressures and disruption from now completed consolidation activities in the Networks segment. Retail and New Zealand also impacted by challenging macro environment

• Revenue declined across all segments

• Gross margin percentage decline largely influenced by the Trade segment

• Ongoing strategic investment in information technology projects and supply chain initiatives, as well as higher employee costs increased CODB by $26.7M

• FY25 comparatives have been restated largely due to accounting issues identified in the Trade segment including the previously announced non-recurring margin impacts

Notes (also see reconciliations in appendix):

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1. All P&L KPIs on Underlying basis unless indicated otherwise. Refer to appendices for the reconciliation of statutory to Underlying numbers 2. 1H25 numbers have been restated refer to Note 3 of the Appendix 4D and Financial Statements – 31 December 2025

23

Cash Flow

$M1	1H26	1H25
EBITDA – Underlying	76.9	132.5
Operating Cash Flow	71.8	143.7
Cash conversion %	93.4%	108.5%
Interest (bank & lease)	(19.0)	(18.3)
Principal Finance lease payments	(32.5)	(33.3)
Transformation/ restructuring	(2.6)	(6.1)
Tax	(8.5)	(20.1)
Operating Cash Flow after Interest,
Transaction & Tax	9.3	66.0
New distribution centres and stores	(1.2)	(12.3)
Other capital expenditure	(14.5)	(15.8)
Capital Expenditure	(15.7)	(28.1)
Proceeds from sale of assets	1.1	8.9
Free Cash Flow	(5.3)	46.7
Other	(0.3)	(0.4)
Dividends paid	(18.7)	(18.7)
Net Cash Movement	(24.2)	27.7
Opening net debt	(364.8)	(337.1)
Net cash movement	(24.2)	27.7
FX / Derivatives	1.7	4.9
Closing net debt	(387.3)	(304.5)

Key points

• Lower operating cash flow 1H26 largely relates to lower EBITDA

• Cash conversion at 93.4% is reflective of weaker operating performance

• Prior period transformation and restructuring costs related to the 1H25 warehouse consolidation and business restructuring

• Lower 1H26 tax payments due to reduction in taxable profit in 1H26

• Investment in new distribution centres and stores declined following completion of the warehouse consolidation program

• Other capital expenditure relates to PPE in existing stores and distribution centres, motor vehicle replacements and investment in technology.

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1. All P&L KPIs on Underlying basis unless indicated otherwise

24

Notes (also see reconciliations in appendix):

Balance Sheet

$M	31 Dec 25	30 Jun 25 Restated	31 Dec 24 Restated
Cash	39.3	58.6	89.5
Trade and other receivables	178.9	191.6	190.8
Inventories	547.3	545.1	576.1
Income tax receivable & Other	50.4	41.2	23.0
Assetsheldforsale	-	5.1	7.0
Total current assets	815.9	841.7	886.4
PP&E	104.1	111.4	123.3
Right-of-use assets	177.3	182.9	196.3
Intangible assets	527.4	635.9	619.0
Other assets	58.7	59.2	67.9
Total non-current assets	867.4	989.5	1,006.4
Total assets	1,683.3	1,831.1	1,892.8
Trade and other payables Provisions and other Lease liabilities	263.2 54.1 54.4	275.3 48.8 55.3	266.6 65.6 56.1
Borrowings	99.9	-	-
Liabilitiesheldforsale Total current liabilities	- 471.6	2.9 382.3	4.4 392.8
Lease liabilities	163.3	168.4	177.1
Borrowings	325.1	418.5	395.7
Provisions	16.3	18.1	16.3
Total non-current liabilities	504.7	605.0	589.1
Total liabilities	976.3	987.3	981.8
Net assets	707.0	843.8	911.0
Key performance indicators1 Average net working capital / revenue	21.3%	24.4%	21.4%
Average inventory / revenue	28.2%	27.6%	28.0%

Key points

• Higher inventory driven by lower sales than forecast and the seasonal increase in inventory in preparation for supplier shutdowns over the late December and January holiday period

• Right-of-use assets and lease liabilities reduced due to exiting smaller warehouses in FY25

• Reduction in intangible assets due to impairment of the New Zealand assets

• Current borrowings relates to the facility due to mature in July 2026. Refinancing to cover this maturity was undertaken in FY25 with a temporary $100M upsize in total facilities, which remains in place.

• Assets and liabilities previously classified as held for sale will now be retained and have been reclassified into existing assets and liabilities

• Opening retained earnings for 1H26 reduced by $8.9M relating to FY25 and prior years for accounting issues identified in the Trade segment

• In addition opening retained earnings has reduced by $3.1M relating to identification of a payroll issue. A provision of $4.6M (pre-tax) has been recorded, of which $0.24M related to 1H26 and $4.4M related to prior years

Notes:

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1. All P&L KPIs on Underlying basis unless indicated otherwise

2. Net working capital (NWC) / revenue % = (Average of current year and prior year NWC) / proceeding 12 months revenue

3. Inventory/ revenue % = (Average of current year and prior year net closing inventory) / proceeding 12 months revenue

4. 1H25 numbers have been restated refer to Note 3 of the Appendix 4D and Financial Statements – 31 December 2025

25

Net Debt and maturity profile as at 31 December 2025

$387.3M

$387.3M >$339M ~2.75 years NET BANK DEBT UNDRAWN COMMITTED AVERAGE REMAINING FACILITIES TENOR

3.39x

NET LEVERAGE RATIO[3]

• Approval received in December 2025 from the lender syndicate to temporarily amend covenants increase net leverage ratio covenant to no more than 3.5 times for the 31 December 2025 and 30 June 2026 testing points

DEBT MATURITY PROFILE ($’M) Before equity raising

g d	100.0 122.5 50.0 119.5 33.0 12.5 130.0 90.5 71.1 35.0 Jul 26 Jul 27 Jul 28 Jul-29 Jul-30 Jul-31 Drawn Undrawn
	As at 31 Dec 2025
	Maturity Facility amount Drawn Undrawn
	Jul-2026 100 100 - Jul-2027 135 122.5 12.5 Jul-2028 180 50 130 Jul-2029 210 119.5 90.5 Jul-2030 104.1 33 71.1 Jul-20316 35 - 35
	764.1 425.0 339.1

• On 25 February 2026 further lender syndicate approval was received to lower FCCR[5] ratio covenant to at least 1.4 times for 30 June 2026 and at least 1.5 times for 31 December 2026 testing points before returning to at least 1.75 times at 30 June 2027

• The facility maturing in July 2026 will be repaid through the temporary $100M facility refinanced in June 2025. The total facility will reduce to $720M thereafter.

• Net debt increased $22.5m from June 2025 driven by the lower operational performance and payment of the final FY25 dividend payment

• Headroom with >$339m undrawn committed facilities

• Net Leverage ratio[3] 3.39x (covenant is currently < 3.5 times)

• FCCR[5] 1.92x (covenant is > 1.75 times)

• Interest cover[4] 4.96x

  • Notes: 1. Total facilities at 31 December 2025 was $820M, whereas the amount presented as available above excludes parts of the facility which relate to bank overdraft, credit cards and bank guarantees

  • As at 31 December 2025 $2.5M of the overdraft facility has been utilised and is reflected in the net bank debt but excluded from the debt maturity profile table and chart

  • Net leverage ratio = pre-AASB 16 net debt / pre-AASB 16 Underlying adjusted EBITDA (see reconciliation in appendix), existing covenant is < 3.0 times

  • Interest cover = pre-AASB 16 EBITDA / Interest

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1. FCCR (fixed cover charge ratio) = pre-AASB 16 EBITDA plus rent / interest plus rent

2. The $35M six-year tranche will become available for drawdown from 1 June 2026

26

Summary & Outlook

Chris Wilesmith

Chief Executive Officer & Managing Director

27

January trading update

Positive momentum continues in Networks, Retail and New Zealand

January 2026 versus pcp	Like-for-Like sales growth1
Trade	-2.4%
Networks	0.7%
Retail	0.3%
New Zealand (NZD)	3.5%
Total Group (AUD)	-0.9%

• Trade – continuation of challenging trading conditions experienced in Q2 with actions being implemented across Q3 to improve sales performance

• Networks – JAS Auto Electrical and Wholesale business both had positive LFL sales growth on January 2025. CVG sales continued to be impacted by loss of customers in 1H26.

• Retail - Positive LFL sales growth in Autobarn was supported by promotional activity

• New Zealand – the benefits of strong promotional activity and infield sales execution continued in January

Notes:

1. Like-for-Like (“LFL”) numbers have been adjusted for trading days and same store sales

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28

Summary & outlook

Creating a platform for sustainable growth

Outlook

• Bapcor expects to deliver:

• › Underlying FY26 EBITDA of $150M - $160M (post AASB16)

• › Underlying FY26 EBITDA of $74M - $79M (pre AASB16)

Post Equity Raising

• › Proforma leverage ratio of 1.70 x at 31 December 2025 (3.39x as at 31 December 2025, pre-equity raising)

• › Leverage ratio expected to reduce to ~1.2x – 1.5x at 30 June 2026, benefiting from $60M - $75M of cashflow in

• 2H26 as a result of specific initiatives focused on reducing inventories and receivables and improved operating cash flows

Summary

• New leadership and energized team with automotive and retail industry experience is focused on delivering

• operational turnaround and improving performance

• Operational challenges have been identified and actions already underway to improve performance

• Key focus areas are 1. Return to growth 2. Enhance profitability 3. Optimise CODB and 4. Capital efficiency

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29

Appendices

30

1H26 significant items breakdown

Externally facilitated detailed examination of the balance sheet undertaken during 1H26

$M	1H26 Pre tax	1H26 Post tax	1H25 Restated	Commentary
				Impairment of goodwill due to further deterioration in the macro-economic
New Zealand impairment	99.9	99.9	-	conditions in New Zealand with margins being adversely impacted as customers
				shift to lower margin products, alongside increased competition
Store impairment	3.9	2.7		Property, plant, equipment and lease impairment of stores across the group
Stocktake losses	3.0	2.1	-	Stock losses identified as part of stocktakes undertaken across Precision branches, as previously announced
Restructuring costs	2.6	1.9	-	Redundancy costs associated with the Q2 cost saving initiatives
Provision releases	(1.1)	(0.8)	-	Following the completion of the warehouse consolidation program during the first half
Inventory valuation	4.0	2.8	-	Change in estimates for inventory valuation identified by reviews undertaken in the Retail and Trade segments
Employee entitlements	2.5	1.7	-	Provision increase following detailed examination
Other items	-	-	4.5	1H25 predominately relates to trading loss for MTQ, loss on disposal of MTQ and 5IQ and costs related to payroll data and process review.
Total	114.8	110.3	4.5

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31

Statutory to Underlying reconciliation

1H26 Consolidated

1H25 Consolidated – Restated[3, 4]

$M	Statutory	Significant Items1	Underlying
Revenue	973.0	-	973.0
EBITDA	65.9	11.0	76.9
D&A	(49.8)	0.0	(49.8)
EBIT	16.1	11.0	27.1
Finance Cost	(19.0)	-	(19.0)
Impairment	(103.8)	103.8	-
Profit before tax	(106.7)	114.8	8.1
Income tax expense	2.1	(4.5)	(2.4)
Non-controlling
interest	(0.2)	-	(0.2)
NPAT	(104.8)	110.3	5.5

$M	Statutory	Significant Items2	Underlying
Revenue	1,012.4	(16.5)	995.8
EBITDA	123.9	5.2	129.2
D&A	(50.5)	1.2	(49.3)
EBIT	73.5	6.4	79.9
Finance Cost	(18.7)	-	(18.7)
Impairment	-	-	-
Profit before tax	54.7	6.4	61.2
Income tax expense	(16.1)	(1.9)	(18.2)
Non-controlling
interest	0.1	-	0.1
NPAT	38.7	4.5	43.1

Notes:

1. 1H26 significant items are detailed on slide 31

2. 1H25 significant items predominately relate to trading loss for MTQ and loss on disposal of MTQ and 5IQ

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1. 1H25 numbers have been restated to correct prior period errors, with a reduction in opening retained earnings at 1 July 2025 refer to Note 3 of the Appendix 4D and Financial Statements – 31 December 2025

2. 1H25 results restated to include a business previously classified as held for sale which is to be retained

32

Leverage calculation reconciliation

The following tables reconcile statutory to net debt, statutory EBITDA to pre-AASB16 EBITDA and the Net Leverage calculation.

Consolidated	Consolidated	Consolidated	Consolidated
$M 31 Dec 25 30 June 25 Cash and cash equivalents 39.3 58.6 Lease liabilities (217.7) (223.7) Borrowings excl. unamortised transaction costs capitalised (427.5) (421.5) Statutory net debt (605.9) (586.6) Lease liabilities 217.7 223.7 Net derivative financial instruments 0.9 (1.9) Net debt (387.3) (364.8)		$M (last 12 months)	1H 26 1H 25
		Statutory EBITDA Underlying EBITDA adjustments Underlying EBITDA AASB-16 adjustment Significant items for Net Leverage Share-based payment expense adj	120.7 203.1 65.4 53.9 186.1 257.0 (76.9) (73.5) Ratio3 4.2 - ustment 0.8 1.6
Statutory net debt Lease liabilities Net derivative financial instruments
Net debt		Underlying EBITDA pre-AASB 16	114.2 185.1
		Consolidated
	$M	1H 26 1H 253
	Net Debt (A) 387.3 304.5 Underlying adjusted EBITDA pre-AASB 16 (B) 114.2 185.1
	Net Leverage (A) / (B) 3.39x 1.65x

Consolidated	Consolidated	Consolidated	Consolidated
$M 31 Dec 25 30 June 25 Cash and cash equivalents 39.3 58.6 Lease liabilities (217.7) (223.7) Borrowings excl. unamortised transaction costs capitalised (427.5) (421.5) Statutory net debt (605.9) (586.6) Lease liabilities 217.7 223.7 Net derivative financial instruments 0.9 (1.9) Net debt (387.3) (364.8)		$M (last 12 months)	1H 26 1H 25
		Statutory EBITDA Underlying EBITDA adjustments Underlying EBITDA AASB-16 adjustment Significant items for Net Leverage Share-based payment expense adj	120.7 203.1 65.4 53.9 186.1 257.0 (76.9) (73.5) Ratio3 4.2 - ustment 0.8 1.6
Statutory net debt Lease liabilities Net derivative financial instruments
Net debt		Underlying EBITDA pre-AASB 16	114.2 185.1
		Consolidated
	$M	1H 26 1H 253
	Net Debt (A) 387.3 304.5 Underlying adjusted EBITDA pre-AASB 16 (B) 114.2 185.1
	Net Leverage (A) / (B) 3.39x 1.65x

Notes

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1. Underlying net debt is calculated as statutory net debt excluding the impact of lease liabilities and adjusting for the net derivative financial instruments position. This approach is consistent with banking covenant requirements.

2. Net leverage ratio is calculated by dividing net bank debt by pre-AASB16 underlying EBITDA adjusted for share based payment expense, significant and other items allowed to be excluded within covenant calculations 3. Significant items relate to non-recurring expenditure on IT projects – BMW, HRIS and payroll simplification. Refer to slide 10 for more details.

33

Our team

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Chris Wilesmith

Craig Magill

Chief Executive Officer & Managing Director

Executive General Manager, Trade

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George Sakoufakis General Counsel & Company Secretary

Jon Adams

Executive General Manager, Supply Chain & Procurement

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Dean Austin

Executive General Manager, Retail

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Kim Kerr

Chief Financial Officer

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Martin Storey

Executive General Manager, New Zealand

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Morris Lieberman

Chief Technology Officer

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Recruitment underway

Executive General Manager, Networks

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Recruitment finalised

Chief People & Culture Officer

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34

35

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