Slide 1: Acquisition of Trutex: Strategic Repositioning of H&G
ACQUISITION OF TRUTEX STRATEGIC REPOSITIONING OF H&G
Slide 2: Transformative Acquisition
TRANSFORMATIVE ACQUISITION Trutex is a global schoolwear business, highly synergistic with Schoolblazer UK and Mountcastle HIGHLIGHTS Provides pathway to pro-forma ~$200m H&G has completed the acquisition of 100% of Trutex Group1 revenue / ~$25m EBITDA incl. synergies (Trutex), a highly recognised s
Slide 3: H&G Becomes Schoolblazer Limited
H&G BECOMES SCHOOLBLAZER LIMITED The Trutex acquisition is the catalyst for H&G to become a streamlined global school uniforms business Hancock & Gore* STRATEGIC REPOSITIONING OF H&G Core Strategic Focus - H&G will seek shareholder approval at its Investments FY25 AGM to change its name to Schoolbla
Slide 4: Completing the Platform
COMPLETING THE SCHOOLBLAZER GROUP (WITH TRUTEX) PLATFORM Schoolblazer Group has multiple pillars for long term global growth Schoolwear focus Schoolwear 94% Other 6% Valuable Brands International Growth Markets Ownership of globally Established presence in recognised schoolwear international markets
Slide 5: Overview of Trutex
OVERVIEW OF TRUTEX
Slide 6: Trutex Overview
TRUTEX OVERVIEW $78M 150+ FY25F Revenue Years of brand heritage $4.7M 35+ FY25F EBITDA Countries serviced by Trutex ~50% ~40% Contracted revenue Revenue in international base growth markets Note: FY25 forecast (10A+2F) September 2025 year end. FX rate of 0.48 GBP / AUD 6
Slide 7: Trutex's Growing Markets
TRUTEX’S GROWING MARKETS Leading specialist schoolwear brand in resilient, growing market UK MARKET INTERNATIONAL GROWTH MARKETS Established UK leader – Trusted brand supplying Significant runway in fragmented global markets with growing STRONG EXPOSURE TO INTERNATIONAL thousands of schools with str
Slide 8: Global Sourcing Capability
GLOBAL SOURCING CAPABILITY Scale advantage – strong international sourcing scale and warehousing capability ~$40m of product sourced each year TRUTEX SUSTAINABILITY High barriers to change – Complex sourcing, precision manufacturing, and expert supply chain management honed over decades. MADE CARBON
Slide 9: Trutex Financials
TRUTEX FINANCIALS Profit & Loss Balance Sheet Year end 31 Dec (£’000) FY23A FY24A FY25 FCT Balance Sheet (£’000) 31 Dec 2024 Revenue 36,770 35,320 37,409 Cash 1,293 EBITDA 2,073 1,476 2,258 Inventory 7,421 Trade receivables and other 4,728 current assets Revenue mix improving — stable headline reven
Slide 10: Schoolblazer Group Strategy
SCHOOLBLAZER GROUP STRATEGY
Slide 11: Schoolblazer Group Strategy
SCHOOLBLAZER GROUP STRATEGY Leveraging the assembled assets and team to build a globally relevant, sustainable and valuable business INTELLECTUAL FOOTPRINT AND AMBITION AND PROPERTY TEAM TO DELIVER FUTURE STATE Schoolblazer’s and innovative Established and growing The leading global schoolwear provi
Slide 12: Schoolblazer Innovative Model
SCHOOLBLAZER INNOVATIVE Capability aligned with the complex needs of schools, students and parents MODEL Convenience Service Trusted Brands Quality & Sustainability E-commerce model 4.9 score Global schoolwear brands: Exclusive bespoke in- delivers direct to parents house design & students Ethical t
Slide 13: Expanded Global Reach
EXPANDED GLOBAL REACH Schoolblazer Group now has presence in multiple large markets with a long runway of growth LONG RUNWAY Market share <5% for all ~A$2.5bn1 markets Schoolblazer Group ~A$400m operate in SCHOOLBLAZER GROUP SALES2 ~A$7bn United Kingdom | ~A$104m Australia | ~A$46m ~A$8 bn Rest of W
Slide 14: Growth Drivers
GROWTH DRIVERS Sustainable earnings growth through scale efficiencies and multiple growing revenue channels Future Growth Market Share in Rollout of Existing Segments Schoolblazer model and Limitless brand in Continued growth in Australia and New Supply Chain existing Zealand - first school Schoolbl
Slide 15: Experienced Leadership Team
EXPERIENCED LEADERSHIP TEAM Schoolblazer Group has a high calibre, experienced leadership team with deep industry expertise TIM JAMES MATTHEW EASTER LOUISE CROFTS JOANNE GOLDMAN Schoolblazer Group Chairman Trutex Schoolblazer UK Mountcastle Co-Founder of Schoolblazer Joining Trutex in 2010, Experien
Slide 16: Group Financials and Transaction Detail
GROUP FINANCIALS AND TRANSACTION DETAIL
Slide 17: Schoolblazer Group Financials
SCHOOLBLAZER GROUP* FINANCIALS Proforma FY25F P&L1 (excluding synergies) Proforma Balance Sheet2 YE Sep Mountcastle Schoolblazer UK Trutex Schoolblazer Group Balance Sheet (A$’000) 30 Sept 2024 A#039;000 FY24 Act FY25 Fct FY24 Act FY25 Fct FY24 Act FY25 Fct FY24 Act FY25 Fct Cash 17,661 Revenue 57,068
Slide 18: H&G Pro-Forma Balance Sheet
H&G PRO-FORMA BALANCE SHEET Balance Sheet (A#039;000) 31 Jul 2025 Trutex Proforma Jul-25 Trutex Transaction Overview H&G signed and completed an unconditional sale & purchase agreement on Cash 12,261 (12,569) (307) 19 August 2025 to acquire 100% of Trutex Investments Limited, the holding company for Tr
Slide 19: 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 20: Mr. Sandy Beard, Executive Chairman
MR. SANDY BEARD EXECUTIVE CHAIRMAN 0412 308 263 www.hancockandgore.com.au HANCOCK & GORE