Slide 1: Financial Results
BUILDING GREAT BUSINESSES FY25 HALF YEAR | TO 31 MARCH 2025 FINANCIAL RESULTS
Slide 2: New Growth Engine
NEW GROWTH ENGINE H&G now owns 100% of Global Uniform Solutions alongside a flexible and liquid balance sheet H&G Transformation Global Uniform Realisation of legacy assets and move to 31 March 2025 st 1 Solutions Growth 100% of Mountcastle Merger of Mountcastle with Schoolblazer Continue Growth in
Slide 3: Performance Highlights
PERFORMANCE HIGHLIGHTS Increasing focus on Global Uniform Solutions Strong Comparable Sales Performance Profitability Total sales of $46.2m for H1 FY25 up 3% vs H1 FY241 Mountcastle and Schoolblazer EBITDA Global Uniform Schoolblazer comparable sales up 15% to $12m2 result in line with expectations
Slide 4: Global Uniform Solutions
Global Uniform Solutions
Slide 5: Building a Great Business
BUILDING A GREAT Schoolwear focus BUSINESS Global Uniform Solutions has the foundations for long term growth Schoolwear 90% Other 10% Long term contracts1 Scalable IP Proven Growth Model Contracted 65% Schoolblazer’s innovative pure Schoolblazer has 17 years of Non-Contracted 35% e-commerce approach
Slide 6: Global Presence
GLOBAL PRESENCE Wholly owned subsidiary of H&G established to create a leading global platform in the school uniform sector UK ANZ AU Schoolblazer Limited Mountcastle Group Schoolblazer Australia Unique pure e-commerce model driven by Omni-channel offering, weighted towards Investing in launch of Sc
Slide 7: Innovative Model
INNOVATIVE MODEL Capability aligned with the complex needs of schools, students and parents Convenience Service Participation Quality & Sustainability E-commerce model - 4.9 score The #1 sports brand in Exclusive bespoke in-house delivers direct to independent schools. design parents & students Focu
Slide 8: Large Addressable Markets
LARGE ADDRESSABLE MARKETS Significant runway in fragmented global markets with growing needs for quality and reliability ~A$2.5bn1 ~A$1bn1 ~A$250m1 United Kingdom Australia New Zealand 32k schools and 10.6m pupils 9.7k schools and 4.1m pupils 2.5k schools and 850k pupils Schoolblazer est. total mark
Slide 9: Growth Drivers
GROWTH DRIVERS Balanced approach - growth whilst maintaining cashflow, with M&A self-funded or supported by H&G balance sheet PATHWAY TO: New Markets with Existing IP $200m+ Operational Schoolblazer ANZ market growth - commenced winning Revenue Efficiencies school contracts Initial investment in sys
Slide 10: Transformative Acquisition
TRANSFORMATIVE ACQUISITION Trutex Group is a highly complementary schoolwear business with established international channels Acquisition Update Global scale - GUS line of sight to $200m revenue / $25m EBITDA Global Uniform Solutions has entered into an exclusive, non-binding agreement to acquire 10
Slide 11: GUS Financials
GUS FINANCIALS Strong sales and margin performance across schoolwear, investment in integration & expansion GUS Financials H1FY24 H1FY25 MTC: Mountcastle1 AUD#039;000 MTC SB UK GUS MTC SB UK MTC+SB SBA & OH GUS SB UK: Schoolblazer based in the UK SBA: Newly established Schoolblazer Sales 34,933 10,195
Slide 12: GUS Financials
GUS FINANCIALS Strong combined balance sheet with funding capacity for growth GUS - 31 March 25 AUD#039;000 Balance sheet strength: Cash 3,753 GUS remains well-capitalised to support investment and growth, with H&G’s balance Inventory 51,125 sheet sitting behind it Debtors and other assets 16,854 Curre
Slide 13: Investment Portfolio and Reported Financials
H&G Investment Portfolio and Lz Reported Financials J ss a
Slide 14: H&G Investments
H&G INVESTMENTS Focus on liquidity to support Global Uniform Solutions Portfolio excluding GUS as at 31 March (gross assets)1 Continued Simplification and Strong Liquidity $35m cash and liquid investments pro-forma HCF as at 31 March 2025 - flexibility to support GUS M&A and growth Cash Listed $5.3m
Slide 15: H&G Financials
H&G FINANCIALS Statutory NPAT loss driven by unrealised losses on investment portfolio in volatile market conditions P&L (A$m) H1 FY25 H1 FY24 Balance Sheet (A$m) ‘Mar 25 PF 1 ‘Mar 25 ‘Sep 24 Revenue from continuing operations 4.1 4.5 Cash 11.1 7.7 16.5 Fair value gains / (losses) (4.1) 2.5 Listed I
Slide 16: Important Notices
IMPORTANT NOTICES Not investment advice The information contained in this presentation is not investment or financial product advice (nor tax, accounting or legal advice) nor is it a recommendation to acquire securities in HNG. This presentation does not and will not form any part of any contract fo
Slide 17: Closing slide
MR. SANDY BEARD EXECUTIVE CHAIRMAN 0412 308 263 www.hancockandgore.com.au HANCOCK & GORE