IVE GROUP LIMITED — Investor Presentation 2021

Aug 24, 2021

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IVE Group Limited FY21 Results Presentation

ASX : IGL 25 August 2021

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Financial
performance
dashboard
3
Key business
highlights
4
Financial Strategy, Outlook
results growth, market
19
summary position and
historical
7
metrics
13
Appendices
21
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Going further since 1921

Celebrating our centenary this year, IVE is Australia’s leading holistic marketing company. With an unmatched breadth and depth of offering, we guide our clients from idea to execution.

Our landscape is constantly shifting and evolving, and as marketing natives so are we. We are forever seeking new ways to navigate the marketing maze to connect our clients with customers, wherever and whenever.

Specialising in creative, data driven communications (DDC), integrated marketing, production and distribution, we bring together the capabilities, specialists and technology needed to make customer connection seamless.

By forever seeking new ways to simplify, integrate, and amplify their marketing activity, we take our clients, their businesses and their customers, further.

2 IVE Group Limited FY21 Results Presentation

Financial performance dashboard

(underlying, continuing and post AASB16)

A strong set of financial outcomes in a period of uncertainity and volatility

REVENUE

$656.5m

EARNINGS PER SHARE (excluding JobKeeper) 13.5c* (8.4% increase on PCP)

EBITDA

$100.2m (including JobKeeper) $85.3m (excluding JobKeeper)

OPERATING CASHFLOW (excluding AASB16)

$97m

GROSS PROFIT MARGIN 48.1% (46.2% PCP)

NET DEBT

$77.3m

CASH ON HAND $107m

NPAT

$30.2m (including JobKeeper) $19.9m (excluding JobKeeper)

FINAL DIVIDEND 7.0c PER SHARE FULLY FRANKED

• *EPS based on NPAT/weighted average shares on issue

• The underlying financial results are on a non IFRS basis and are not audited or reviewed

• The underlying results are a continuing operations basis and exclude non-operating items (refer Appendix C)

• Underlying results include net JobKeeper receipts in H1 of $14.9m

3 IVE Group Limited FY21 Results Presentation

Key business highlights

Earnings guidance met, strong cashflows deliver increased balance sheet strength and demonstrate underlying resilience

Strong operating performance

• Delivered on earnings guidance – EBITDA $100.2m

• Improved margins notwithstanding reduced revenue, achieved through flexing cost base and supply chain

• Strong results in challenging environment demonstrate resilience of the business

• Staff at all levels responded very well to the unprecedented and volatile operating environment

Strategic initiatives

• The divestment of IVE Telefundraising in October 2020 for consideration of $16.5m represented a profit on sale of $4.2m

• Entered into long-term contract with Australian Community Media (ACM) on 30 October 2020, with expected revenues of circa $100m over the five-year term. To support ACM’s requirements, and further enhance service to clients, we acquired selected assets of ACM’s web offset operation in WA for a purchase consideration of $2m

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4 IVE Group Limited FY21 Results Presentation

Key business highlights (continued)

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Balance sheet further strengthened

• Strong cashflow generation, operating cashflow conversion of 131%

• Net Debt reduced by $59.8m from $137.1m (30 June 2020) to $77.3m

• Cash balance at 30 June 2021 of $107m

• Net debt to pre AASB16 EBITDA excluding JobKeeper of 1.3x (target net debt of 1.5x)

• $50m of senior debt facility was repaid on 6 August 2021

Improving shareholder returns

• EPS growth over PCP of 8.4%

• Resumption of dividends in H1 FY21 with final dividend declared of 7 cents per share fully franked, with a full year dividend of 14 cents per share fully franked

• ROFE of 15%

• The Company announced a share buyback on 12 November 2020. As at 25 August 2021, the Company has acquired 5.4m shares at a total cost of $7.4m (average price of $1.37 per share). This represents 3.6% of issued capital

Strong position to fund growth initiatives

• Latent balance sheet capacity available of $30-40m

• Provides opportunity to actively pursue earnings accretive growth initiatives (refer page 14) or further capital management

5 IVE Group Limited FY21 Results Presentation

Key business highlights (continued)

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Customers and revenue

IVE continues to benefit from its differentiated value proposition and a loyal, strong and diversified customer base

Retention

• IVE provided continuity of service and supply to all customers throughout the pandemic

• Ongoing traction in share of wallet growth across IVE’s 2,800 customers

• Our long-term track record of retaining clients is excellent and in FY21 IVE secured more than $100m (annualised) in contract renewals across a multitude of customers, including Woolworths, Westpac, L’Oreal, IAG, Bupa, Toyota, GlaxoSmithKline, Luxottica and Energy Australia

• There was no material client loss in FY21

Growth

• Continued focus on growing market-share through harnessing the power and uniqueness of IVE’s go-to-market proposition

• New business momentum across all parts of the business remains strong, and despite the challenges of COVID, $58m (annualised) of new clients were on-boarded:

• Australian Community Media (ACM), Bunnings, Officeworks, Simplot, Colgate, Zip Money and a number of others

• The pipeline of opportunities is strong for FY22 with a number of key prospects already signed

6 IVE Group Limited FY21 Results Presentation

Financial results summary

Going further since 1921

7 IVE Group Limited FY21 Results Presentation

Profit and loss

Improving metrics despite COVID-19 impacts

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Underlying continuing operations excluding JobKeeper
Actual FY2021 Actual FY2020 Variance
$m $m %
Revenue 656.5 677.4 (3.1%)
Gross Profit 316.0 313.0 1.0%
% of Revenue 48.1% 46.2% 4.2%
EBITDA 85.3 82.8 3.0%
EBITDA margin % 13.0% 12.2% 6.3%
EBIT 38.1 37.3 2.1%
NPAT 19.9 18.5 7.5%
EPS (cents) 13.5 12.5 8.4%
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The underlying financial results are on a non-IFRS basis and are not audited or reviewed

The underlying results are on a continuing operations basis and exclude JobKeeper and non-operating items (refer Appendix C) EPS based on NPAT/weighted average shares on issue

• Net revenue reduction of $20.9m over PCP

• COVID-19 resulted in reduced base revenue of $75.6m over PCP, primarily across the retail catalogue, travel and events/exhibitions sectors

• Increase in revenue of $54.7m over PCP primarily from the full year benefit of Salmat acquisition and part year benefit of ACM acquisition from November 2020

• Gross margin improvement reflects stable market conditions and effective management of supply chain

• Improvement in EBITDA and NPAT margin driven by improving gross margin and flexing cost base

• EPS growth of 8.4% notwithstanding the COVID-19 impacts of reduced revenue

8 IVE Group Limited FY21 Results Presentation

EBITDA bridge

EBITDA growth achieved in a challenging environment driven by cost management and improved work mix

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FY20 EBITDA bridge to FY21 (excluding JobKeeper)
$m
90.0 90.0
80.0 80.0
25.9
70.0 25.5 70.0
7.0
11.6
5.4
60.0 60.0
13.0
10.0
50.0 50.0
40.0 82.8 85.3 40.0
30.0 57.3 59.3 30.0
20.0 20.0
10.0 10.0
0 0
FY20 FY20 FY20 FY21 FY21 FY21 FY21 FY21 FY21 FY21 FY21
EBITDA AASB16 EBITDA Revenue Gross Profit Base busines Labour fixed cost EBITDA AASB16 EBITDA
Post AASB16 EBITDA Pre AASB16 reduction improvement labour and increase increases Pre AASB16 EBITDA Post AASB16
GP impact fixed cost due to due to
reductions acquisitions acquisitions
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• Net revenue reduction of $20.9m at gross profit of 48.1% drove $10m reduction in gross profit

• Gross profit increase of $13m due to improved work mix (reduced outwork) and supply chain management

• Cost savings in base business of $11.6m offset by increases associated with Salmat/ACM acquisitions of $12.4m

9

IVE Group Limited FY21 Results Presentation

Balance sheet strength

Strong cash generation over the period has substantially reduced gearing

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FY2021 FY2020
Actual Actual
$m $m
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	FY2021 Actual $m	FY2020 Actual $m
Loans & borrowings – short term	6.5	6.9
Loans & borrowings – long term	177.3	181.8
Loans & borrowings* – Sub Total	183.8	188.7
Less cash	106.5	51.6
Net Debt	77.3	137.1

• Loans & borrowings are gross of facility establishment costs

• Excludes right of use liabilities impacts from adopting AASB16

• Net debt down $59.8m to $77.3m, driven by significant free cashflow and sale of Telefundraising business

• Net debt of 1.3X well below stated target of 1.5X pre AASB16 EBITDA (excluding JobKeeper)

• As at 30 June 2021 working capital facility of $30m is fully undrawn

• $50m of senior debt facility was repaid on 6 August 2021

• Senior debt facility matures in April 2023

• Balance sheet strength cornerstones capacity to execute on growth initiatives

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10 IVE Group Limited FY21 Results Presentation

Capital expenditure

Capital expenditure normalising following the completion of a major investment and expansion program over recent years

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FY 2021
$m
Group wide targeted investment and maintenance 8.7
Group wide MIS upgrades 4.0
Total 12.7
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Excludes land & buildings acquired as part of ACM acquisition ($2.0m)

• Operational footprint in excellent shape

• Full year capital expenditure of $8.7m excluding MIS upgrade(s) of $4.0m

• FY22 capital expenditure expected to be circa $10m (excludes $3.5m to re-platform and transition the Lasoo business)

• Ongoing capex (base business) expected to continue at approximately 60% of depreciation (pre AASB16)

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11 IVE Group Limited FY21 Results Presentation

Cashflow generation and dividends

Continuing strong free cashflow driven by operational performance and working capital management

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Underlying Underlying
FY2021 FY2020
$m $m
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	Underlying FY2021 $m	Underlying FY2020 $m
EBITDA (Post AASB16)	100.2	97.8
Less AASB16 EBITDA	(26.0)	(25.4)
EBITDA (Pre AASB16)	74.2	72.4
Movement in NWC/non-cash items in EBITDA	22.9	7.3
Operating cashflow	97.1	79.7
Capital expenditure (net)	(9.0)	(9.0)
Free cashflow	88.1	70.7
Operating cash conversion to EBITDA	131%	110%
Free cash conversion to EBITDA	119%	98%
EPS (including JobKeeper)	0.206	0.196
EPS (excluding JobKeeper)	0.135	0.125
ROFE (excluding JobKeeper)	15%	12.4%

• Continuing strong operating cashflows of $97m, with 131% operating cash conversion, 110% PCP

• Disciplined management of working capital, including reducing debtor days over period, and reduced inventory holdings

> Dividends

• reinstated dividend in H1 FY21

• final dividend of 7.0 cents per share fully franked

• full year dividend of 14 cents per share fully franked

• ROFE improved to 15%

Share buyback update

As at 25 August 2021, the Company has acquired 5.4m shares at a total cost of $7.4m (average price of $1.37 per share). This represents 3.6% of issued capital. Shares on issue now 142.8m.

Employee share issue

In recognition of the extraordinary efforts of our employees (approximately 1600) over the last 18 months, the Board intends to issue 500 shares to every employee of the Company in FY22.

12 IVE Group Limited FY21 Results Presentation

Strategy, growth, market position and historical metrics

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Going further since 1921

13 IVE Group Limited FY21 Results Presentation

Strategy, diversification and growth opportunities

A clearly defined and well executed strategy has resulted in a resilient business with diversified revenue streams, well positioned to pursue growth initiatives

Execution of the long-term strategy

• The diversification of our offering has been a cornerstone of our strategy for over 20 years

• Listing in December 2015, strong free cashflow, combined with access to capital, enabled the Company to successfully execute a transformational investment and growth program that further expanded our integrated communications offer

A highly resilient business

• Leading market positions, diverse revenue mix, stable margins, reliable cashflow and strong balance sheet (refer pages 16-18)

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Continuation of our strategy through actively pursuing current growth opportunities

• Balance sheet strength will support an investment of $30-40m in growth initiatives

• Growth initiatives target a minimum ROFE of 15%

There is a range of initiatives and opportunities for the Company to pursue:

• Enhance and amplify our Lasoo digital catalogue aggregator business

• Complementary adjacencies:

• With our exposure to the fibre-based packaging sector increasing, we see opportunity for both organic and acquisition growth in this sector

• Expansion of integrated logistics offering to include pure 3PL clients

• Bolster existing offer through further ‘bolt-on’ acquisitions

14 IVE Group Limited FY21 Results Presentation

Continuing to expand our digital offerings further through enhancing and amplifying Lasoo

• Lasoo was the first digital catalogue site in Australia, established in 2007

• Strategically acquired by IVE in 2020

• Loyal and active customer base

9.6m 24m 840,000 shopping digital catalogues buy now sessions p.a. shopped p.a. clicks p.a.

• Diverse and growing retailer base includes many of Australia’s leading retailers

IVE very well positioned to capitalise on growth in digital catalogues

• Digital catalogue readership has grown 22% from 2016 to 2020*

• This growth has rapidly accelerated since COVID-19

• More retailers are considering an omni-channel approach to catalogues, comprising a mix of both digital and printed catalogues

• The loyalty and activity levels of Lasoo’s growing customer and retailer base provides a solid foundation for IVE to invest further to amplify the platform

• Opportunity to further expand our digital offering across our 2,800 strong client base, including over 400 retailers

The Company has committed to investing in Lasoo over the next 2-3 years to improve the consumer experience, and will work closely with our retail clients to unlock opportunities to drive further revenue for their business. The enhanced platform will be launched in early 2022.

• Roy Morgan online survey October 2020

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15 IVE Group Limited FY21 Results Presentation

Market positioning

Strong market position across a number of key sectors

• No 1 provider in key sectors we operate in

• IVE is considered an attractive counterparty given the diversity and power of our value proposition, geographical footprint and financial strength

• COVID-19 has increased pressure on key competitors in some sectors. We are ideally positioned to take advantage of any opportunities

• The table below provides an overview of our revenue by industry sector for FY21

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Revenue Sector Analysis $m %
Retail: White goods, electronics, furniture, clothing 132.1 20.1
Supermarkets 74.7 11.4
Health / personal products 68.6 10.4
Food / beverage 16.0 2.4
Financial / corporate services 100.3 15.3
Publishing 47.7 7.3
Government 27.8 4.2
Health 19.9 3.0
Charity / not-for-profit 14.3 2.2
Tourism / entertainment 13.3 2.0
Manufacturing 11.9 1.8
Telecommunications 10.3 1.6
Other 119.6 18.2
Grand Total 656.5 100.0
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*Other includes: media, service, trade, agency, utilities, automotive, advertising agency, associations, food, transport, broker, building/construction, IT, property, legal & others.

16 IVE Group Limited FY21 Results Presentation

Revenue diversification

Execution of our strategy has resulted in the increased diversification of revenue streams and broader client relationships

• Our long term strategy of evolving our value proposition has resulted in well-diversified revenue streams across multiple sectors

• IVE’s broad product and service offering has resulted in a large proportion of our clients engaging with us across multiple parts of our business

• Revenue growth expected across the business as the economy emerges from the current COVID-19 lockdowns

• We are ideally positioned to capitalise on opportunities across multiple sectors to grow market share

• The Company’s capacity to fund a range of organic and inorganic strategic initiatives will result in further diversification of revenues

FY21

Revenue $656.5m

[Data driven ] communications

• CX data & insights

• Marketing technology

• Omnichannel deployment

• > Archive retrieval

• Data enrichment

[Integrated marketing]

• Manage IM client spend within IVE Group

• Creative services

• Collateral optimisation

• Resource management

• > Supply chain

• Business intelligence

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Integrated
marketing
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[Retail display, premiums & ] merchandising

[General commercial]

• Sheetfed and digital printing

• > Packaging

• Temporary point of sale (POS)

• Semi-permanent and permanent point of sale

• > Retail fit-outs

[Web offset printing]

• Catalogues

• Window displays

• Publications/magazines

• Wide format digital printing

• Books

• Pop-ups and event activations

• Corporate

[Fulfilment & distribution]

• Internal and external signage

• Co-packing

• Letterbox distribution

• Branded apparel & merchandise, corporate gifts, promotional products

• Branded apparel & > Integrated logistics (kitting merchandise, corporate gifts, and fulfilment, inventory promotional products management, warehousing,

• > Hygiene, PPE and safety pick and pack) solutions (ivolve)

17 IVE Group Limited FY21 Results Presentation

Margin stability

Margins resilient despite COVID-19 impacting revenue since FY20

• Material gross margin (MGM) stable over period, reflects benefit of revenue diversification, stable market conditions, and effective management of supply chain

• Gross margin maintained in FY20 and FY21 demonstrating capacity to flex the cost base in response to COVID-19

• EBITDA margin stable to FY19, declined in FY20 due to change in revenue mix post Salmat acquisition, and COVID-19. Recovery in FY21 achieved notwithstanding revenue decline on PCP

• Business “match fit” with improved operating leverage, ideally positioned to benefit from anticipated revenue increases as economy reopens

Cashflow & capital allocation

Increased balance sheet flexibility as operating cashflows increase and capital expenditure normalises

• Consistent and increasing operating cashflow generation

• Reduced capital expenditure profile

• Introduction of buyback given softer share price and strengthening balance sheet

• Consistently high dividend yield, albeit with the exception of the pandemic period

• Strong cash coverage of dividend

• Well positioned to fund growth initiatives

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60% 60%
50% 50%
40% 40%
30% 30%
20% 20%
10% 10%
0 0
FY18 FY19 FY20 FY21
Material Gross Margin % (MGM) Gross Profit % EBITDA %
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Note: EBITDA Margin pre AASB16

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$m
100 97.1 100
90 90
82.2
79.7
80 80
70 65.4 64.6 70
62.5
60 65.8 60
50 50
22.9
40 40
24.1 7.4
30 16.9 30
20 35.2 20.3 20
10 20.1 21.9 10
9.5 9.0
0 0
FY17 FY18 FY19 FY20 FY21
Capex – cash fund Dividends (declared) Share buybacks
Operating cashflow (including JobKeeper)
Operating cashflow (excluding JobKeeper)
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Operating cashflow is EBITDA, ex AASB16 plus/minus movements in working capital FY20 and FY21 adjusted for discontinued operations

18 IVE Group Limited FY21 Results Presentation

Outlook

Going further since 1921

19 IVE Group Limited FY21 Results Presentation

Outlook

The solid underlying fundamentals of the business, combined with the strength of our balance sheet, place IVE in an ideal position to deliver strong growth as we emerge from this period of COVID-19 disruption

FY22

• Given the ongoing COVID-19 disruption, we are not able to provide specific FY22 guidance at this time

• Importantly, we highlight the resilience of the IVE business over the last 18 months, we expect this resilience to continue during this current period

Looking forward

• Revenue growth is expected across the business over the next 12-24 months, driven by post lockdown economic recovery, and further improved market positioning in key sectors

• Heightened operating leverage across the business will contribute to earnings growth as revenue returns

• $30-40m available to drive earnings accretive growth initiatives:

• Lasoo investment and amplification

• Expansion into adjacencies (fibre-based packaging and 3PL)

• Acquisitions (strategic and/or bolt-on)

• Target ROFE in excess of 15%

• Capital management

• Share buyback to remain in place

• Dividend policy unchanged

> Capital expenditure

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• FY22 capital expenditure expected to be circa $10m excluding Lasoo investment of $3.5m

• Capital expenditure to continue at approximately 60% of annual depreciation

20 IVE Group Limited FY21 Results Presentation

Appendices

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Going further since 1921

21 IVE Group Limited FY21 Results Presentation

Appendix A

IFRS Profit and Loss

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FY21 & FY20 Post AASB16 – Statutory
Actual Actual
Variance Variance
FY2021 FY2020
$m %
$m $m
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	FY21 & FY20 Post AASB16 – Statutory	FY21 & FY20 Post AASB16 – Statutory	FY21 & FY20 Post AASB16 – Statutory	FY21 & FY20 Post AASB16 – Statutory
	Actual FY2021 $m	Actual FY2020 $m	Variance $m	Variance %
Revenue	656.5	677.4	(20.9)	(3.1%)
Gross Proft	316.0	313.0	3.0	1.0%
% of Revenue	48.1%	46.2%	–	4.2%
EBITDA	96.2	85.8	10.4	12.2%
Depreciation and amortisation	47.2	85.5	(38.3)	(44.8%)
EBIT	49.0	0.3	48.7	–
Net fnance costs	12.1	10.7	1.4	12.9%
NPBT	36.9	(10.4)	47.3	456.4%
Income tax expense	12.3	10.4	1.9	17.9%
NPAT from continung operations	24.7	(20.8)	45.4	218.9%
Discontinued Operations (NPAT)	4.8	0.6	4.2	739.1%
NPAT	29.5	(20.2)	49.7	246.0%
NPATA continuing operations	28.6	(16.1)	44.7	277.8%

FY20 depreciation and amortisation includes $40.0m impairment

22 IVE Group Limited FY21 Results Presentation

Appendix B

IVE Group Limited Balance Sheet

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Actual FY21 Actual FY20
$m $m
Current Assets
Cash and cash equivalents 106.5 51.6
Trade receivables, prepayments and others 106.3 110.3
Inventories 43.8 56.2
Investments 1.8 0.0
Total Current Assets 258.4 218.2
Non Current Assets
Deferred tax assets 15.0 15.3
Property, plant and equipment 100.1 107.1
Property, plant and equipment (ROUA) 96.2 115.5
Intangible assets and goodwill 131.2 145.1
Other (lease receivable) 0.0 0.0
Total Non Current Assets 342.4 383.0
Total Assets 600.8 601.2
Current Liabilities
Trade payables and provisions 119.9 107.8
Loans and borrowings 2.8 3.1
Lease liability (ROUA) 27.9 34.3
Current tax payable 3.3 3.3
Total Current Liabilities 153.9 148.5
Non Current Liabilities
Trade payables and provisions 11.3 10.2
Loans and borrowings 167.0 169.9
Lease liability (ROUA) 91.8 108.1
Total Non Current Liabilities 270.2 288.2
Total Liabilities 424.1 436.7
Net Assets 176.7 164.5
Equity
Share Capital 149.1 156.5
Other reserves (0.2) (0.6)
Retained Earnings 27.8 8.6
Total Equity 176.7 164.5
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IFRS to underlying NPAT reconciliation

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FY2021
$m
IFRS NPAT (continuing) 24.7
Restructure costs 3.3
Acquisition costs 1.0
JobKeeper (14.9)
Financial asset write down (net of interest rec'd) 2.9
Insurance payout (0.7)
Others 0.1
Sub total non operating items (8.2)
Tax effect of adjustments 3.4
Underlying NPAT (excluding JobKeeper) 19.9
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23 IVE Group Limited FY21 Results Presentation

Appendix C

Disclaimer

No recommendation, offer, invitation or advice

This presentation contains general information about the activities of IVE Group Limited (IVE) which is current as at 30 June 2021. It is in summary form and does not purport to be complete. It presents financial information on both a statutory basis (prepared in accordance with Australian accounting standards which comply with International Financial Reporting Standards (IFRS) as well as information provided on a non-IFRS basis. This presentation is not a recommendation or advice in relation to IVE or any product or service offered by IVE’s subsidiaries.

This presentation is not intended to be relied upon as advice to investors or potential investors, and does not contain all information relevant or necessary for an investment decision. It should be read in conjunction with IVE’s other periodic and continuous disclosure announcements filed with the Australian Securities Exchange, and in particular the year to 30 June 2021. These are also available at www.ivegroup.com.au. Investors and potential investors should make their own independent assessment of the information in this presentation and obtain their own independent advice from a qualified adviser having regard to their objectives, financial situation and needs before taking any action.

Disclaimer

No representation or warranty, express or implied, is made as to the accuracy, adequacy or reliability of any statements, estimates or opinions or other information contained in this presentation. To the maximum extent permitted by law, IVE, its subsidiaries and their respective directors, officers, employees and agents disclaim all liability and responsibility for any direct or indirect loss or damage which may be suffered by any recipient through use of or reliance on anything contained in or omitted from this presentation. No recommendation is made as to how investors should make an investment decision. Investors must rely on their own examination of IVE, including the merits and risks involved.

Investors and potential investors should consult with their own professional advisors in connection with any investment decision in relation to IVE securities.

Forward looking statements

The information in this presentation is for general information only. To the extent that certain statements contained in this presentation may constitute “forwardlooking statements” or statements about “future matters”, the information reflects IVE’s intent, belief or expectations at the date of this presentation. Subject to any continuing obligations under applicable law or any relevant listing rules of the Australian Securities Exchange, IVE disclaims any obligation or undertaking to

disseminate any updates or revisions to this information over time. Any forward-looking statements, including projections, guidance on future revenues, earnings and estimates, are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause IVE’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements.

Investment risk

Any investment in IVE securities is subject to investment and other known and unknown risks, some of which are beyond the control of IVE. Any forward-looking statements, opinions and estimates in this presentation are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions. For example, the factors that are likely to affect the results of IVE include, but are not limited to, general economic conditions in Australia, exchange rates, competition in the markets in which IVE operates or may operate and the inherent regulatory risks in the businesses of IVE. Neither IVE, nor any other person, gives any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-

looking statements in this presentation will actually occur. In addition, please note that past performance is no guarantee or indication of future performance.

Jurisdiction

This presentation does not constitute an offer to issue or sell, or solicitation of an offer to buy, any securities or other financial products in any jurisdiction. The distribution of this presentation outside Australia may be restricted by law. Any recipient of this presentation outside Australia must seek advice on and observe any such restrictions. This presentation may not be reproduced or published, in whole or in part, for any purpose without the prior written permission of IVE.

This presentation does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. Any such securities have not been, and will not be, registered under the U.S. Securities Act of 1933 (Securities Act), or the securities laws of any state or other jurisdiction of the United States and may not be offered or sold, directly or indirectly, in the United States or to, or for the account or benefit of, persons in the United States, except in a transaction exempt from, or not subject to, registration under the Securities Act and applicable US state securities laws.

24 IVE Group Limited FY21 Results Presentation

IVE Group Limited ABN 62 606 252 644

Level 3, 35 Clarence Street Sydney NSW 2000

Geoff Selig Executive Chairman

Matt Aitken

Chief Executive Officer

Darren Dunkley Chief Financial Officer

ivegroup.com.au

Authorised by the IVE Board

Contact:

Richard Nelson Investor Relations richard.nelson@ivegroup.com.au +61 2 8064 5425