Adairs Ltd. · ASX:ADH
Adairs — Shareholder Meeting (November 2026)
29 slides from Adairs's shareholder meeting presentation, Nov 11, 2026
Slide 1: Chair's and Group CEO's addresses and presentation to 2026 AGM
ADAIRS LIMITED | ASX: ADH For personal use only 11 November 2026 The Manager Company Announcements Office Australian Securities Exchange Dear Manager Adairs Limited — Chair’s and Group CEO’s addresses and presentation to the 2026 Annual General Meeting In accordance with ASX Listing Rule 3.13.3, ple
Slide 2: Chair's address — Performance and financial position
Adairs Limited 2026 Annual General Meeting Chair’s address — Trent Peterson, Independent Non-Executive Chair FY26 was an important year for our Company. We made progress against our strategic priorities, For personal use only strengthened our balance sheet and invested in our businesses, although op
Slide 3: Chair's address — Shareholder alignment, remuneration and outlook
This has been a substantial investment of capital and organisational effort, and represents a critical enabler of improved performance for the Adairs business. Looking ahead, sustained Group-wide discipline in cost and inventory control is essential. This requires continued attention to productivity
Slide 4: Chair's address — Leadership and close
We have also strengthened our leadership structure, with Rachel Taylor appointed Executive General Manager of Adairs and Matt Edmonds taking on expanded responsibilities as Group CFO and Operations Director. On behalf of the Board, I thank Elle for her considerable contribution. She has brought trem
Slide 5: Group CEO's address — From vision to results
Adairs Limited 2026 Annual General Meeting Group CEO’s address — Elle Roseby, Managing Director and Group Chief Executive Officer For personal use only Opening Thank you, Trent, and good morning everyone. From vision to results When I joined the Adairs Group, I could see what our three businesses co
Slide 6: Adairs — building the foundations
Adairs — building the foundations Making Adairs a contemporary brand was never going to happen through a new logo or a new campaign. It had to start with how our customers experience us, and how our people experience working here. So, we started by listening. We looked hard at the pain points for ou
Slide 7: Mocka and Focus on Furniture — resetting for the future
On ways of doing business, Mocka now shares the Adairs distribution centre to ship to customers in the southern states, a practical example of the synergies we capture in supply chain. Together, Adairs and Mocka now generate more than 90% of Group earnings, and both grew earnings at expanding margin
Slide 8: Current trading and outlook
Year to date, Group sales are down 0.6%, excluding the exited Adairs New Zealand business, compared with down 4.5% for the first eight weeks, and down 1.5% for the second quarter to date. Year to date, Adairs sales in Australia are up 1.7%. Year to date, Mocka sales are up 12.2%. Year to date, Focus
Slide 9: Adairs Limited 2026 Annual General Meeting
rsonal use only ADAIRS · MOCKA · FOCUS ON FURNITURE Adairs Limited 2026 Annual General Meeting Wednesday, 11 November 2026 11.15am (Melbourne time) | Hyatt Centric, Melbourne Trent Peterson Independent Non-Executive Chair Elle Roseby Managing Director & Group CEO Adairs: Bondi Junction, NSW
Slide 10: Remembrance Day
rsonal use only Remembrance Day One minute's silence will be observed at 11.00am. The meeting will open at 11.15am. 2
Slide 11: Welcome and procedural matters
rsonal use only 2026 ANNUAL GENERAL MEETING Trent Peterson Independent Non-Executive Chair Welcome and procedural matters 3
Slide 12: Your Board
2026 AGM | WELCOME Your Board Six directors, four independent, chaired by an independent director rsonal use only Trent Peterson Kiera Grant Rachel Kelly David MacLean John Batistich Elle Roseby INDEPENDENT CHAIR INDEPENDENT NED INDEPENDENT NED NON-EXECUTIVE INDEPENDENT NED MANAGING DIRECTOR & DIREC
Slide 13: Chair's report
rsonal use only SECTION 01 Chair's report Trent Peterson Independent Non-Executive Chair 5
Slide 14: Managing Director & Group CEO's report
rsonal use only SECTION 02 Managing Director & Group CEO's report Elle Roseby Managing Director & Group CEO 6 Adairs: Doncaster, VIC
Slide 15: Vision 2030: one framework across three businesses
2026 AGM | STRATEGY Vision 2030: one framework across three businesses Introduced in August 2025 — three pillars, applied by each business at its own stage 1 Product and brand 2 Customer obsession 3 Ways of doing business rsonal use only Design-led, exclusive ranges and pricing A superior in-store e
Slide 16: FY26: disciplined progress
2026 AGM | FY26 RESULTS FY26: disciplined progress Strong performance at Adairs and Mocka; reset at Focus on Furniture in progress rsonal use only GROUP SALES UNDERLYING EBIT UNDERLYING NPAT $641.7 million $55.0 million $34.6 million +3.8% -0.4% +1.7% STATUTORY NPAT NET DEBT FULL-YEAR DIVIDEND ($39.
Slide 17: Sustainability and people
2026 AGM | SUSTAINABILITY AND PEOPLE Sustainability and people First mandatory climate-related financial disclosures prepared under AASB S2 Climate rsonal use only First AASB S2 report with limited assurance from EY; first comprehensive climate scenario analysis; Scope 1 and 2 baseline 7,586.0 tCO2-
Slide 18: Adairs — elevate and simplify
2026 AGM | OUR BUSINESSES Adairs — elevate and simplify FY26: record sales of $459.2 million, Underlying EBIT +14.9% • Product and brand: a design-led direction built on exclusive ranges, rsonal use only SALES starting with soft furnishings, where Adairs is best known • Customer obsession: Linen Lov
Slide 19: Mocka — grow and build capability
2026 AGM | OUR BUSINESSES Mocka — grow and build capability FY26: sales +22.9%, Underlying EBIT +32.1% at an expanding margin • Product and brand: four new categories — outdoor, sofas, youth and rsonal use only SALES lighting — moving Mocka toward a whole-of-home offer • Customer obsession: Mocka's
Slide 20: Focus on Furniture — reset and rejuvenate
2026 AGM | OUR BUSINESSES Focus on Furniture — reset and rejuvenate FY26: sales -5.6%, Underlying EBIT -67.6% — the two-year turnaround is under way • New leadership: an experienced, capable management team rsonal use only TU RNAROU ND PLAN working to Group standards • Product and range: new mattres
Slide 21: FY27 priorities
2026 AGM | FY27 PRIORITIES FY27 priorities A year about earnings quality: moderate gross margin expansion, cost productivity and disciplined capital allocation rsonal use only Continue to differentiate and elevate the product offer 1 Execute the Focus on Furniture turnaround plan 2 in all businesses
Slide 22: Trading update and outlook
2026 AGM | TRADING UPDATE AND OUTLOOK Trading update and outlook Sales for the first 19 weeks of FY27, to 8 November 2026 rsonal use only Outlook First 8 weeks Weeks 9–19 (24 Year to date Sales growth on the pcp (as reported 24 Aug to 8 Nov) (weeks 1–19) • The Board expects the consumer environment
Slide 23: Meeting resolutions
rsonal use only SECTION 03 Meeting resolutions All items will be decided by poll. Voting closes five minutes after the close of the meeting. 15
Slide 24: Resolution 1: Annual Financial Report and Sustainability Report
2026 AGM | MEETING RESOLUTIONS 1. Annual Financial Report and Sustainability Report "To receive and consider the Financial Report of the Company and its controlled entities and the Reports of rsonal use only the Directors and Auditor, and the Sustainability Report and the Auditor's assurance report
Slide 25: Resolution 2: Re-election of David MacLean
2026 AGM | MEETING RESOLUTIONS 2. Re-election of Director — David MacLean Usable votes and proxies % of eligible votes cast Votes / proxies "That David MacLean, being eligible, received (ex abstentions) rsonal use only be re-elected as a Director of the For 38,641,702 57.56% Company." Open / undirec
Slide 26: Resolution 3: Election of John Batistich
2026 AGM | MEETING RESOLUTIONS 3. Election of Director — John Batistich Usable votes and proxies % of eligible votes cast Votes / proxies "That John Batistich, being eligible, received (ex abstentions) rsonal use only be elected as a Director of the For 53,713,949 80.05% Company." Open / undirected
Slide 27: Resolution 4: Adoption of Remuneration Report
2026 AGM | MEETING RESOLUTIONS 4. Adoption of Remuneration Report Usable votes and proxies % of eligible votes cast Votes / proxies "That the Remuneration Report for the year ended 28 received (ex abstentions) rsonal use only June 2026 be adopted." For 57,686,554 93.09% Open / undirected (Chair) 273
Slide 28: Meeting closed
rsonal use only Meeting closed The poll will close five minutes after the close of the meeting. Results will be released to ASX and posted on investors.adairs.com.au this afternoon. Thank you for attending. Please join the Directors and management for refreshments. 20
Slide 29: Important notice and disclaimer
Important notice and disclaimer Summary information. The material in this presentation is general background information Non-IFRS financial information. This presentation includes non-IFRS financial about Adairs Limited (ABN 50 147 375 451) (Adairs) and its activities current as at the date measures