REDOX LIMITED — AGM Information 2024

Oct 15, 2024

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2024 ANNUAL GENERAL MEETING 16 October 2024 REDOX LIMITED (RDX.ASX)

Annual General Meeting Agenda

1 Chair’s Introduction 2 CEO’s Presentation 3 4 Q&A

CEO’s Presentation Formal Business of Meeting Q&A

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Chair’s Introduction

Ian Campbell Non-Executive Chair

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CEO’s Address

Raimond Coneliano Chief Executive Officer & Managing Director

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Leading distributor of chemicals, ingredients and raw materials

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Primary focus organic
growth complimented
by acquisitions &
geographic expansion
5,000+
SKU’S
1,000+
ACTIVE SUPPLIERS
30-year
revenue
CAGR of
10.84%
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7,000+ ACTIVE CUSTOMERS

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100+

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STOCK LOCATIONS
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1,200+ PRODUCT GROUPS

400+ STRONG TEAM*

Trained the Redox way

*** Team includes 180+ salespeople across APAC & USA**

Sustainable business model underpinned by Redox’s in-house developed ERP/CRM IT platform

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Extensive and growing
customer, supplier
and product base
Largest
supplier in
Australia by
revenue
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Diverse client, industry, product and supplier base

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Sales by Country FY24

• Largest customer represents ~1.8% of FY24 sales

• Top 10 customers represent ~14.1% of FY24 sales

• Largest individual supplier accounted for ~3.1% of FY24 sales

• Broad geographical supply base that reduces supply risks

• Sourced products from 53 countries in FY24

Sales by customer concentration FY24

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Sales by industry sectors FY24

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Environmental, Social & Governance

Redox aims to be a good corporate citizen embracing positive societal and industry engagement, responsible operation and practical initiatives

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Redox is committed to ethical sourcing, seeks to adhere to the highest ethical standards

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GROUP STRATEGY

Raimond Coneliano CEO and Managing Director

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Redox continues to build its platform

Organic Growth

• Volume growth well above historical average in Q1 FY25

• Entity established in Canada in Q1 FY25 to facilitate further expansion in North America

• New Sunscreen Active (UV-A absorber) launched in Q1 FY25 with almost $500K sales already

Inorganic Growth

• Agreement to purchase business & assets of Auschem, completion expected in Q2 FY25

• Auschem is a leading distributor of solvents and specialty products for mining applications, adds

• capability to store and deliver bulk liquids & custom blend

• Robust pipeline of targets with focus on ANZ & USA

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Both Completed FY24
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Completed Q1 Expected Completion Q2
FY25 FY25
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FY24
Results
Summary
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Raimond Coneliano CEO and Managing Director

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2024 Highlights

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23.4% 12.2% $94.8m $115.9m Underlying NPATFX Gross Profit Margin Underlying EBITDAFX Margin Cash Flow from operations 11.4% growth vs PCP 2.6 ppts above PCP 0.8 ppts above PCP (Net Cash position $177m) 11.8% 19.1% 6.5cps 30.8% Underlying after tax Return On Proforma Basic Earnings Per Final Dividend Net Working Capital to sales Invested Capital Share Growth fell by $18 million Total 2024 Dividend 12.5cps

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Profit & Loss overview

1.5% Increase in Gross Profit vs PCP due to disciplined margin management 12.2% EBITDAFX margin, improvement of 0.8ppts vs PCP $95m Underlying NPATFX improved by 11.4% vs PCP due to higher GP margin and interest income

	FY24	FY23	Change
	$m	$m	%
Revenue	1,137	1,258	-9.6%
Gross profit	266	262	1.5%
Gross margin	23.4%	20.8%	2.6ppts
Underlying EBITDAFX1	139	143	-2.9%
Underlying EBITDAFX1margin	12.2%	11.4%	0.8ppts
Underlying NPATFX1	95	85	11.4%
Underlying NPATFX1margin	8.3%	6.8%	1.5ppts
Proforma basic Earnings Per Share (cents)3	17.20	15.38	11.8%
ROIC2	19.1%	21.6%	-2.5ppts

Notes:

1. Underlying EBITDAFX and NPATFX excludes unrealised currency revaluations relating to non-cash mark-to-market adjustments on Redox’s open forward exchange contracts at period end and the one off listing cost of $5 million. The mark to market adjustments arise as Redox does not qualify for hedge accounting treatment under the terms of AASB 9 Financial Instruments and so is required to include the non-cash gain or loss on open foreign exchange positions at period end within its statutory result. Redox does not consider these amounts to form part of the Group’s “underlying” earnings, and accordingly presents NPATFX metrics which exclude the impacts of these balances. 2. Return on Invested Capital (“ROIC”) is defined as net operating profit after tax (NOPAT), divided by average invested capital (total equity plus net debt and lease liabilities). 12

2. Return on Invested Capital (“ROIC”) is defined as net operating profit after tax (NOPAT), divided by average invested capital (total equity plus net debt and lease liabilities). 3. Normalised for the number of shares at the Group's ASX listing on 3 July 2023

Outlook

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During FY25 Redox will continue to expand our geographic footprint in North America, bolster our product portfolio, increase our share of wallet and grow our client base

We remain focused on driving organic revenue growth and anticipate strong volume growth at or above historical average in FY25

We continue to review strategic M&A opportunities which will contribute to positive momentum

Due to uncertain geopolitical and macroeconomic conditions the company has chosen not to give specific guidance at this time, however the company believes that price deflation and destocking to be largely complete

Gross Profit Margins are expected to ease towards the longer-term average in the medium term as a result of expected expansion in the US and commodity sales volume increase

Redox’s strategy and resilient business model has delivered consistent long-term growth and business expansion

The fundamentals of the business are strong and remains well placed to grow into the future

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Formal Business of Meeting

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How to vote

• When the poll is open, select the vote icon at the top of the screen

• To vote, select either For, Against or Abstain

• You will see a vote confirmation

• To change or cancel your vote “click here to change your vote” at any time until the poll is closed

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How to ask a question

• To ask a written question select the Q&A icon

• Select the topic your question relates to from the drop-down list

• Type your question in the text box and press the send button

• To ask a verbal question follow the instructions below the broadcast window

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Items of Business Item 1 – Financial Report Item 2 – Adoption of Remuneration Report Item 3 – Re-election of Director Item 4 – Grant of Performance Rights Item 4.1 – Raimond Coneliano Item 4.2 – Renato Coneliano Item 4.3 – Richard Coneliano

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Proxy votes

Item 2 – Adoption of the Remuneration Report

For	Against	Open	Abstain	Excluded
109,431,369	775,228	102,221	34,665	232,752,371
99.20%	0.70%	0.10%	-	-

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Proxy votes

Item 3 – Re-election of Director – Ian Campbell

For	Against	Open	Abstain	Excluded
294,297,147	27,824,378	2,677,083	16,800,895	0
90.61%	8.57%	0.82%	-	-

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Proxy votes

Item 4 - Grant of Performance Rights to Executive Directors

Item 4.1 Raimond Coneliano, CEO & Managing Director

	For	Against	Open	Abstain	Excluded
	106,461,987	3,747,287	102,221	31,988	232,752,371
	96.50%	3.40%	0.10%	-	-
Item 4.2		Renato Coneliano, Marketing Director			(Executive Director)
	For	Against	Open	Abstain	Excluded
	106,459,987	3,747,287	102,221	33,988	232,752,371
	96.50%	3.40%	0.10%	-	-

Item 4.3 Richard Coneliano, Chief Operating Officer (Alternate Director)

For	Against	Open	Abstain	Excluded
106,459,487	3,747,787	102,221	33,988	232,752,371
96.50%	3.40%	0.10%	-	-

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Complete Voting

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Q&A

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Disclaimer

Important notices

This Presentation has been prepared by Redox Limited (ABN 92 000 762 345) (“RDX” or “Company”).

Summary information

This Presentation contains summary information about RDX and its activities current as at 30 June 2024. The information in the Presentation is of a general nature and does not purport to be complete or comprise all information which a shareholder or potential investor may require in order to determine whether to deal in RDX shares. It should be read in conjunction with RDX’s other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange, which are available at www.asx.com.au.

Not financial product advice

This Presentation is for information purposes only and is not a prospectus, disclosure document, product disclosure statement or other offering document under Australian law (and will not be lodged with the Australian Securities and Investments Commission) or under any other law. This Presentation does not constitute financial product, investment, legal, taxation or other advice or a recommendation to acquire RDX shares and has been prepared without considering the objectives, financial situation or needs of individuals. Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs and seek financial, legal and taxation advice appropriate to their jurisdiction. The Company is not licensed to provide financial product advice in respect of its shares. Cooling off rights do not apply to the acquisition of RDX shares.

Financial data

All dollar values are in Australian dollars ($) unless stated otherwise.

Non-IFRS Financial information

RDX's results are reported under International Financial Reporting Standards (IFRS). This presentation also includes certain non-IFRS measures including "underlying", "adjusted“ and "pro-forma“ and other measures that are used internally by management to assess the operational performance and management of the Group. Non-IFRS measures have not been subject to audit or review. All numbers listed as “statutory” comply with IFRS and have been audited.

Past performance

Past performance information given in this Presentation is given for illustrative purposes only and should not be relied upon as an indication of future performance.

Future performance

This presentation contains certain “forward-looking statements” including statements regarding our intent, belief or current expectations with respect to the Company’s business and operations, market conditions, results of operations and financial condition, and risk management practices. The words “likely”, “expect”, “aim”, “should”, “could”, “may”, “anticipate”, “predict”, “believe”, “plan” and other similar expressions are intended to identify forward-looking statements. Indications of, and guidance on, future earnings and financial position and performance are also forward-looking statements. Forward-looking statements, opinions and estimates provided 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. Forward-looking statements including projections, guidance on future earnings and estimates are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. This Presentation contains such statements that are subject to risk factors associated with an investment in RDX. RDX believes that the expectations reflected in these statements are reasonable, but they may be affected by a range of variables which could cause actual results or trends to differ materially.

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Re doxGlobal

Re doxTw e e t

Re dox Re dox_global Lim ite d

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