Michael Hill International Ltd. · ASX:MHJ
Michael Hill International — Shareholder Meeting (October 2026)
27 slides from Michael Hill International's shareholder meeting presentation, Oct 22, 2026
Slide 1: AGM Presentation
AGM Presentation rsonal use only 22 October 2026 ASX/NZX: MHJ
Slide 2: Disclaimer
Disclaimer Certain statements in this report constitute forward-looking of the Group’s intellectual property rights, including patents statements. Forward-looking statements are statements and trademarks; the future adequacy of the Group’s current (other than statements of historical fact) relating
Slide 3: Board of Directors
rsonal use only Board of Directors Rob Fyfe Claudia Batten Gary Smith Emma Hill (Independent NED, Chair) (Independent NED, Deputy Chair) (Independent NED, Chair of Audit (Non-independent NED, Chair of People & Risk Management Committee) Development & Remuneration Committee) Dave Whittle Andrea Sling
Slide 4: Online Text Question Process
rsonal use only Online Text Question Process Select the messaging tab Type your question in the ‘Ask a question’ box Select ‘My Messages’ to view your submitted messages along with any written responses 4
Slide 5: Online Audio Question Process
rsonal use only Online Audio Question Process Click ‘Request to Speak’ Enter the topic of your question Click ‘Submit Request’ Click ‘Join Queue’ and follow the audio prompts 5
Slide 6: Voting
rsonal use only Voting Select the voting icon Select your voting preference for each resolution Your selected option will change colour You can change your vote until the poll is closed 6
Slide 7: Chair's Address
rsonal use only Chair’s Address Rob Fyfe CHAIR
Slide 8: Dividend Restored
Dividend Restored Commitment to delivering sustainable returns to shareholders over time. rsonal use only The Board declared a final dividend of AU2.0 cents per share, partially franked (50%) for Australian purposes, with partial New Zealand imputation credits (50%) and with conduit foreign income.
Slide 9: CEO's Address
rsonal use only CEO’s Address Jonathan Waecker CHIEF EXECUTIVE OFFICER
Slide 10: Michael Hill turnaround delivers record Group revenue, EBIT up 57%, dividend restored
Michael Hill turnaround delivers record Group revenue, EBIT up 57%, dividend restored rsonal use only • A new leadership team, in place and driving the reset. • A simpler business, following a strategic simplification of the brand portfolio. • A renewed focus on execution. • The Bevilles reset is un
Slide 11: FY26 Results Summary
FY26 Results Summary Strong sales momentum and margin resilience resulted in significant profit growth. rsonal use only 2 3 Record Group Revenue Same Store Sales Gross Margin Comparable EBIT $655.7m 5.2% 60.5% $24.0m 1 Up 4.1% in constant currency Up in all markets Up 57% Flat to prior year Up 1.9%
Slide 12: Driving Profitable Growth
Driving Profitable Growth All four levers progressed: stronger store productivity, sales growth, steady margins, and lower cost of doing business. rsonal use only IMPROVED STORE DIVERSIFIED GROSS PROFIT OPERATING LEVERAGE PRODUCTIVITY REVENUE GROWTH IMPROVEMENT IMPROVEMENT Footprint Cost of Sales Gr
Slide 13: Making Modern Luxury Accessible
Making Modern Luxury Accessible Our strategy for Michael Hill is to focus on growing customers, profit, and engagement. rsonal use only Grow Customers. Grow Profit. Grow Engagement. Win more customers, Set a new standard Turn our service into a scaling Michael Hill for profitability at defining reas
Slide 14: The Look For Less
The Look For Less Our strategy for Bevilles is to win on value, to move fast, and to run lean. rsonal use only Win on Value. Move Fast. Run Lean. Deliver unmistakable Maximise inventory velocity Create structural customer value. and return on capital. advantage. People, culture and operating model.
Slide 15: Strategic Growth Engines for FY27
Strategic Growth Engines for FY27 Building on FY26, our priorities remain sharp for the year ahead. rsonal use only Growth Engines Initiatives Canada Growth • Invest in marketing to build awareness and inventory to capture productivity gains. • Refit five of our top six stores in CY27 and explore at
Slide 16: Current Trading Update
Current Trading Update [RF] No doubt still a work in progress but I would like to see more colour in the trading update section rather than just numbers. Sales improvement for the first 16 weeks of FY27 rsonal use only [JW] Update with new Christmas creative from Sam • We are seeing a year-on-year s
Slide 17: Michael Hill builds momentum into Christmas
Michael Hill builds momentum into Christmas rsonal use only Encouraging sales momentum entering the key trading period. • Same store sales growth has accelerated since the first eight weeks of FY27. A stronger Christmas range and go-to-market. • Newness across key categories, including Colour, Diamo
Slide 18: Bevilles builds momentum into Christmas
Bevilles builds momentum into Christmas rsonal use only Encouraging sales momentum entering the key trading period. • New leadership is delivering year-on-year margin and sales growth. • Bevilles continues to grow market share in a challenging consumer discretionary spending environment. A stronger
Slide 19: Questions
rsonal use only Questions
Slide 20: Business of the Annual General Meeting
rsonal use only Business of the Annual General Meeting Rob Fyfe CHAIR
Slide 21: Financial Statements and Reports
rsonal use only Financial Statements and Reports • Audited FY26 Financial Statements • Directors’ report • Auditor’s report 21
Slide 22: Resolution 1: Adoption of Remuneration Report
Resolution 1: Adoption of Remuneration Report rsonal use only To consider and, if thought fit, to pass the following advisory resolution: “That the Remuneration Report for the financial year ended 28 June 2026 (as set out in the Directors’ Report) is adopted.” FOR AGAINST OPEN ABSTAIN EXCLUDED NO. O
Slide 23: Resolution 2: Re-election of David Whittle as Director
Resolution 2: Re-election of David Whittle as Director rsonal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That Mr David Whittle who retires by rotation in accordance with ASX Listing Rule 14.4 and Rule 38.6 of the Company’s Constitution and,
Slide 24: Resolution 3: Re-election of Karen Bozic as Director
Resolution 3: Re-election of Karen Bozic as Director rsonal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That Ms Karen Bozic, who was appointed by the Board as a Director of the Company with effect from 29 August 2026, who in accordance with
Slide 25: Resolution 4: Re-election of Mark Bayliss as Director
Resolution 4: Re-election of Mark Bayliss as Director rsonal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That Mr Mark Bayliss who was appointed by the Board as a Director of the Company with effect from 29 August 2026, who in accordance with
Slide 26: Resolution 5: Approval of Company Equity Incentive Plan
Resolution 5: Approval of Company Equity Incentive Plan rsonal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That for the purposes of ASX Listing Rule 7.2 (exception 13(b)) and for all other purposes, the Shareholders approve the Company’s Equ
Slide 27: rsonal use only
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