Briscoe Group Limited · NZX:BGP
Briscoe — Shareholder Meeting (May 2026)
54 slides from Briscoe's shareholder meeting presentation, May 7, 2026
Slide 1: Board Chair’s Address to the Annual Shareholders Meeting
Board Chair’s Address to the Annual Shareholders Meeting 7 May 2026 Good morning everyone, and welcome to Briscoe Group’s Annual Meeting. Thank you for taking the time to join us today, either in person or online. Annual Meetings are an important opportunity for shareholders to hear directly from th
Slide 2: Chair address: record sales and dividends
As you will have seen from our reporting, total Group sales for the year reached $798.8 million, a new record for Briscoe Group. While growth was modest, achieving record sales in the context of the economic conditions experienced during FY26 is not something the Board takes lightly. Trading conditi
Slide 3: Governance, risk and people
As you’ve heard, FY26 required careful balancing - between supporting sales, managing margin pressure, exercising cost discipline and continuing an elevated level of strategic investment. The Board is satisfied that management approached those challenges thoughtfully and with a clear line of sight t
Slide 4: Board succession and outlook
The Board brings a diverse range of experience and perspective, and I would like to thank each of them for their contribution throughout what has been another demanding year. Succession planning and leadership development remain key areas of focus for the Board, including ensuring we have the right
Slide 5: Chief Financial Officer’s Address to the Annual Shareholders Meeting
Chief Financial Officer’s Address to the Annual Shareholders Meeting 7 May 2026 Thanks Rosanne, and good morning everyone. As in previous years, I’ll begin this morning with a brief overview of the broader economic environment, before turning to how those conditions shaped Briscoe Group’s financial
Slide 6: Sales, online growth and margin
contributed to that outcome, with Homeware sales increasing by 1.4% and Sporting Goods delivering modest growth of 0.06% despite the challenging conditions. While headline sales growth was constrained, achieving a new record level of sales in that environment is an outcome we are proud of. Trading c
Slide 7: Inventory and AI investment
Inventory closed the year at $90.8 million, almost $9 million lower than the prior year, reflecting sustained focus on both the quantity and the quality of stock, which remains central to managing margin, cash flow and promotional flexibility. Before I wrap up, I want to briefly touch on two areas o
Slide 8: Managing Director’s Address to the Annual Shareholders Meeting
Managing Director’s Address to the Annual Shareholders Meeting 7 May 2026 Thanks Rosanne, and thank you everyone for joining us today, both in person and online. As the Chair has outlined, FY26 was another demanding year for the retail sector. From my perspective, the most notable feature of the yea
Slide 9: Operational focus and inventory quality
future store design and development decisions. You’ll hear more from Isabel on both the new online platform and also Rebel X soon. A key operational focus throughout the year was inventory quality — improving flow, reducing aged stock and ensuring availability where and when it matters most. This wo
Slide 10: Outlook and uncertainty
In recent months, the conflict in the Middle East has added a layer of further uncertainty, impacting freight markets, fuel pricing, currency volatility and broader global confidence. These factors inevitably flow through supply chains and influence input costs and consumer sentiment. Should geopoli
Slide 11: Chief Operating Officer’s Address to the Annual Shareholders Meeting
Chief Operating Officer’s Address to the Annual Shareholders Meeting 7 May 2026 Strategic update slide Thanks Rod and good morning, its great to be here today. With a backdrop of Economic challenges, unprecedented Global volatility, and significant pressure on customer sentiment we delivered another
Slide 12: Maximising Our Store Network
Unlocking our growth potential through - Maximising Our Store Network Our priority to unlock growth is to maximise internal network opportunities first. Whilst our store network is mature, it still has an abundance of opportunity within it. Our first goal is to drive improved returns on the existing
Slide 13: New Catchment opportunities
New Catchment opportunities (images of Drury store development sites): As I mentioned last year, we have been reviewing the opportunity to open smaller metro format stores, we have now completed the review. We have decided to deprioritise the metro stores and make our priority maximising our existin
Slide 14: GM Customer’s Address to the Annual Shareholders Meeting
GM Customer’s Address to the Annual Shareholders Meeting 7 May 2026 Good morning. This year, our focus has been clear — to deliver against our group strategy by improving how customers experience our brands, both digitally and in-store. We’ve made strong progress, particularly through the investment
Slide 15: Deepening Customer Engagement
Slide: Deepening Customer Engagement Beyond the experience itself, we’ve focused on deepening our direct relationships with customers. Our VIP clubs continue to grow and are increasingly central to our customer ecosystem — enabling more personalised, data-led engagement and allowing us to communicat
Slide 16: Annual Shareholders Meeting May 2026
Annual Shareholders Meeting 7 May 2026
Slide 17: Welcome
Welcome
Slide 18: Proxies
PROXIES For Discretion Against Total Votes (% of issued capital) 183,360,205 992,265 189,964 184,542,434 Resolution 1 99.36% 0.54% 0.10% 82.83% 183,542,129 992,265 8,201 184,542,595 Resolution 2 99.46% 0.54% 0.00% 82.83% 183,537,552 994,033 3,068 184,534,653 Resolution 3 99.46% 0.54% 0.00% 82.83%
Slide 19: Chairman’s Address
3) BRISCOE GROUP LIMITED. Chairman’s Address
Slide 20: Financial Performance
Financial Performance Year Ended 25 January 2026
Slide 21: GDP and Unemployment
GDP and Unemployment GDP UNEMPLOYMENT 1.5% 5.5% 1.1% 5.4% 5.4% 1.0% 5.3% 0.8% 5.3% 5.2% 5.2% 0.5% 5.1% 5.1% 0.2% 5.1% +0.2% 5.0% 0.0% Qtr 1 2025 Qtr 2 2025 Qtr 3 2025 Qtr 4 2025 4.9% 4.8% -0.5% 4.7% 4.6% -1.0% -0.9% 4.5% -1.5%
Slide 22: Inflation and Interest Rates
Inflation and Interest Rates 5.0% 4.7% INFLATION OCR 6.00% 4.0% 4.0% 3.3% ? 5.00% 5.50% 5.25% 2.7% 3.1% 3.0% 4.75% 3.0% 4.00% ` 4.25% 2.5% 2.2% 2.2% 3.75% 3.50% 3.00% 2.0% 3.25% 3.00% 2.50% 2.00% 2.25% 1.0% 1.00% 0.0% 0.00%
Slide 23: Total Sales
Total Sales +0.93% 798.8 786 792 791 744 702 653 632 605 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26
Slide 24: Sales by Quarter
Sales by Quarter 8.0% 1st HALF 2nd HALF -0.22% 6.0% +1.95% 4.58% 4.0% 2.07% 2.0% 0.0% Qtr 1 Qtr 2 Qtr 3 Qtr 4 -2.0% -1.76% -2.58% -4.0% -6.0%
Slide 25: Gross Profit %
Gross Profit % 44.00% 1st Half 43.00% 42.97% 42.00% −154 bps 41.43% 41.00% 40.00% 39.00% 2nd Half 38.00% 38.07% −75 bps 37.32% 37.00% 36.00%
Slide 26: Net Profit After Tax (NPAT)
Net Profit After Tax (NPAT) 87.9 88.4 84.2 73.2 63.4 61.3 62.6 60.6 59.2 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26
Slide 27: Cash and Bank Balances
Cash and Bank Balances 175.4 149.9 142.4 130.3 100.4 102.5 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26
Slide 28: Inventory
Inventory 119.5 117.8 104.9 99.7 91.5 90.8 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26
Slide 29: AI at Briscoe Group
AI at Briscoe Group Inventory Analysis Problem Solving Enhancing efficiency and enabling insight Reporting Planning
Slide 30: SAP S/4HANA Migration
SAP S/4HANA Migration Inventory Mandatory Core Systems Modernisation Supply Chain Advanced Reporting & Analytics Transition Long term stability Operational Integrity
Slide 31: Chairman’s Address
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Slide 32: Managing Director’s Address
Managing Director’s Address
Slide 33: Strategic Update
Strategic Update Andrew Scott
Slide 34: New Drury DC – Efficiencies that will power growth
New Drury DC – Efficiencies that will power growth
Slide 35: Unlocking our growth potential – Maximising our store network
Unlocking our growth potential – Maximising our store network 47 43 220,000 70% VS 30% $798.8M Briscoes Rebel Sport SQM of Retail 70:30 Split on Retail Annual Stores Stores Footprint vs BOH areas Sales
Slide 36: Leveraging our store formats and Co-Location strategy
Leveraging our store formats and Co-Location strategy Briscoes Stores Excess stock room where there is no space Rebel Sport store
Slide 37: New Catchment Opportunities
New Catchment Opportunities Drury new town centre development
Slide 38: Summarising how we will unlock our growth potential
Summarising how we will unlock our growth potential Northland: Auckland: Efficiencies New Rebel • 14 Locations • 2 Locations • Explore Warkworth area driven by Sports stores • Drury New Build • Explore growth catchments New DC in existing capabilities Briscoes locations Bay of Plenty: • 4 Locations
Slide 39: Landing the Best Customer Experience in New Zealand
Landing the Best Customer Experience in New Zealand
Slide 40: Improving our digital and physical customer experience
Improving our digital and physical customer experience
Slide 41: Building stronger, more valuable relationships
Building stronger, more valuable relationships
Slide 42: Delivering meaningful outcomes for Customers + Communities
Delivering meaningful outcomes for Customers + Communities
Slide 43: Managing Director’s Address
Managing Director’s Address
Slide 44: Questions
Questions Company Operations
Slide 45: Financial Statements
Inancia D> D> S F e Statements BRI GROU
Slide 46: Financial Statements
Financial Statements To receive and consider the Company’s financial statements for the year ended 26 January 2025 together with the Directors’ and Auditor’s Reports.
Slide 47: Formal Resolutions
Formal Resolutions
Slide 48: Election of Directors
3) BRISCOE GROUP LIMITED. Election of Directors
Slide 49: Resolution 1
Resolution 1: That Tony Batterton, who will retire by rotation at the close of the Annual Meeting in accordance with NZX Listing Rule 2.7.1 and the Company’s Constitution, be re-elected as a Director of the Company.
Slide 50: Resolution 2
Resolution 2: That Mark Cairns, who having been appointed by the Company’s Board as an additional director effective from 1 November 2025, retires at the close of the Annual Meeting in accordance with NZX Listing Rule 2.7.1 and the Company’s Constitution, be re-elected as a Director of the Company.
Slide 51: Resolution 3
Resolution 3: It be recorded that PricewaterhouseCoopers will continue in office as the Company's auditor and that the Board of Directors be authorised to fix the remuneration of PricewaterhouseCoopers for the ensuing year. UNLEASHING OUR RETAIL FUTURE – A LOOK FORWARD TO THE NEXT 5 YEARS
Slide 52: Voting
Voting ae,
Slide 53: General Business
General Business
Slide 54: Thank you
BRISCOE GROUP LIMITED. Thank you