Slide 1: 1HY24 Financial Results
{e} JoyceGroup IHY24 Financial Results February 2024
Slide 2: Joyce Group
Joyce Group “Helping Australians add value to their greatest asset - the family home” KWB Group kitchen connection #6 wallspan KWB Group's trading brands, Kitchen Connection and Wallspan, operate a network of 25 showrooms across Queensland, NSW, and South Australia. KWB is a clear leader in the kitc
Slide 3: Flow of economic interest into Joyce Group
Joyce Group Flow of economic interest into Joyce Group KWB Group kitchen connection row despivation to lnstallation i wallspan kitchens & wardrobes 51% Majority Interest in Net Profit Attributable to JYC Shareholders 25 showrooms ————. Franchise Operator Bedshed No one’s better in the bedroom" Compa
Slide 4: Operating Results
{Qj JoyceGroup Operating Results IHY24
Slide 5: 1HY24 Performance Overview
Joyce Group IHY24 Performance Overview o Strong results in a period of macroeconomic uncertainty and challenging market conditions o Increased Revenue, EBITDA and NPAT from pcp* o Increased NPAT to JYC shareholders of $4.7M o Increased interim dividend of 11 cents per share (fully franked) o Strong
Slide 6: Results Overview
Results Overview fo Key financial performance metrics Revenue 73,072 68,913 4,159 6% Contribution Margin 35,775 32,473 3,302 10% Normalised* Total Group Expenses 19,016 18,401 615 3% Normalised* EBITDA 16,759 14,072 2,687 19% Normalised* EBITDA Margin 22.9% 20.4% - - Normalised* EBIT 13,290 10,802 2
Slide 7: Results Overview
Results Overview Continuing track record of increasing returns to shareholders Dividend (cents per share) 11.0 8.0 NPAT to Joyce Shareholders ($’000) 4,739 3,538 Normalised* NPAT to Joyce Shareholders ($’000) 4,739 3,504 Normalised* EPS (cents per share) 16.6 12.4 Dividends paid/payable ($’000) 3,13
Slide 8: Results Overview
Results Overview Cashflow 1 Jul ‘23 to 31 Dec ‘23 ($M) Opening Cash Operating Cashflow Lease Liabilities Tax and interest Capex Dividends Paid JYC Shareholders Dividends Paid KWB Minority Interests Acquisition Bedshed Castle Hill Deposits paid Closing Cash $25 10.8 Operating Cashflow $10.8M cash gen
Slide 9: KWB Group
{a JoyceGroup KWB Group
Slide 10: KWB Group Showroom Network
KWB Group [a Showroom Network e@ Wallspan — June'23, Showrooms = Deo 23 Kitchen Connection @ Kitchen Connection o 12x QLD Showrooms 26 v) 25 0 10x NSW Showrooms Closure of Keswick showroom in Program of renovation and SA following end of lease refurbishment continued in 1HY24 Seeking opportunistic e
Slide 11: KWB Group Operational Performance
KWB Group fo Operational Performance fe} >2,100 kitchens and >1,000 wardrobes installed in 1HY24 Record revenue of $62.1M driven by completion of orders generated in FY23 (delivered at strong gross margins) $52.3M new orders generated during 1HY24 ($53.8M in pcp) Improved customer conversion rates o
Slide 12: Bedshed
(3 JoyceGroup Bedshed
Slide 13: Bedshed Store Network
Bedshed fo Store Network Franchised 37 Company 4 *Alexandria acquisition settled in January 2024 13 Jindalee store (Brisbane) opened August ’23 Toowoomba (SE QLD) opened December ‘23 Joondalup (WA) — company- owned and moving to new location, with new “Evolution” store fitout May ‘24 Castle Hill & A
Slide 14: Bedshed Operating Performance
Bedshed fo Operating Performance o Combined operations business written sales* comparable to pcp - record November and December ‘23 o Robust results from franchise network - marginally improved on pcp o Improved franchise network EBIT margin of 52% o Company store operations had comparable business
Slide 15: Crave
(GQ JoyceGroup ; , Crave Irresistible home staging Crave
Slide 16: Crave Performance
Crave Performance fe} Reputation as one of Perth’s leading professional home staging companies - increased penetration of Perth market during 1HY24 Ability to stage properties across design styles to suit a variety of property types, locations and buyer demographics Further growth of referring real
Slide 17: Future Growth
{Qj JoyceGroup Future Growth
Slide 18: Future Growth Initiatives
Future Growth Initiatives 18 fai JoyceGroup Established brands that are synonymous with helping Australians add value to their greatest asset - the family home KWB Group kitchen Begicitchen Bd wall span © Sole focus on residential renovation in substantial national kitchen renovation market o Expans
Slide 19: Corporate Directory
Corporate Directory ‘ ; 4. ADAMIC PTY LTD 77868 27.08 Jeremy Kirkwood Non-executive Director (Chair) (2.UFBA PTY LTD 1,564,000 549 Karen Gadsby Non-executive Director (Deputy Chair) 3. ANACACIA PTY LTD <WATTLE FUND A/C> 4,227,394 431 - 4.DANIEL SMETANA <THE D A SMETANA FAMILY A/C> 1,224,651 430 Dani
Slide 20: References
References This Presentation should be read in conjunction with the following documents lodged with the ASX on 27 February 2024 under the ASX ticker JYC: o Investor Presentation - Half-Year Results 31 December 2023 o Appendix 4D and 31 December 2023 Half-Year Financial Report eo Dividend/Distributio
Slide 21: Appendix: 1HY24 and 1HY23 normalising adjustments
Appendix: 1HY24 and IHY23 normalising adjustments [a JHY24 Results per financial statements 16,759 13,290 13,442 (4,029) 9,413 4,739 1HY23 Results per financial statements 13,022 9,649 9,452 (1,638) 7,814 3,538 Crave business 756 859, 859, 77 1,036 1,036 Sale of KWB Property 294 294 294 (2,392) (2,0
Slide 22: Disclaimer
Disclaimer fo Information contained in this presentation may involve forward looking statements, and comments about the future including possible future performance estimates, estimated earnings, potential growth of the company or its industry or other projections. Forward looking statements can gen