Slide 1: Financial Year 2025 Results
[3 JoyceGroup Financial Year 2025 Results August 2025
Slide 2: Joyce Group
Joyce Group 3 [a “Helping Australians add value to their greatest asset - the family home” KWB Group 51% Majority Interest in Net kitchen Profit Auributabie to ve ‘Shareholders connection 29 showrooms Fine SRT STENT Established brands High performing, high REVENUE EBIT Si ital li 3gwallspan te fa nn
Slide 3: Operating Results
fa JoyceGroup Operating Results Financial Year 30 June 2025
Slide 4: Joyce Group FY25 Performance
Joyce Group FY25 Performance Overview ° Strong operational and financial performance from capital light and high margin businesses Strategy focused on organic growth, operational efficiency, and disciplined capital management FY25 operational highlights include: 0 Significant showroom growth in KWB
Slide 5: Results Overview
Results Overview fo Key financial performance metrics Revenue 148,154 145,509 2,645 1.8% Contribution Margin 73,312 70,407 2,905 41% Total Group Expenses 41,440 38,432 3,008 (7.8%) Normalised* EBITDA 32,807 31,975 832 2.6% Normalised* EBITDA Margin 221% 22.0% - - Normalised* EBIT 23,901 24,511 (610)
Slide 6: Results Overview
Results Overview fo Focused on returns to shareholders Total Dividend (cents per share) 27.5 28.5 Ordinary Dividend (cents per share) 22.0 23.0 Special Dividend (cents per share) 5.5 5.5 Normalised* EPS (cents per share) 27.8 29.6 Dividends paid/payable ($’000) 8,132 8,376 550 JYC Share Price ($) 5.
Slide 7: Results Overview
: 7 Results Overview [a Cashflow 12 months to 30 Jun ‘25 (SM) Opening A $35.2M cash generated from operating activities (excl. $7.9M Operating 35.2 lease payments, $8.8M tax payments and $11M interest Cashflow . received) Lease 79 Uabilties , Investing Activities Tax 78 + $23M purchase of other prop
Slide 8: KWB Group
(j JoyceGroup KWB Group
Slide 9: KWB Group: Showroom Network
KWB Group [a Showroom Network e Wallspan _— June'24 New Showrooms Closed Showrooms une'28 ©. 3x SA Showrooms @ Kitchen Connection 25 5 10} 29 © 18x QLD Showrooms © 13x NSW Showrooms Over 4,100 kitchens and 2,000 Focus on organic network growth wardrobes designed and installed in with 5 new showrooms
Slide 10: KWB Group: Business model
KWB Group Business model Inspiring showrooms - located in A-grade homemaker centres, displaying premium brands and products that are on trend and regularly updated Unique value proposition delivering a positive, seamless and hassle-free design and installation experience resulting in exceptional con
Slide 11: KWB Group: Orders and Revenue
KWB Group [a Orders and Revenue Total Orders and Average Orders per showroom ($M) o $128.7M of orders (13% increase on FY24) 450 delivered from existing and new showrooms o Improved customer conversion rates o New showrooms in FY25 contributed $12.3M 50 of orders fo) 6 '+neonao o St14.5M of like-for
Slide 12: Record Orders in FY25 with strong momentum into FY26
KWB Group Record Orders in FY25 with strong momentum into FY26 140 130 120 no 100 90 80 70 60 50 Jul-20 12 Jan-21 Rolling 12 month (LTM) Orders and Sales Revenue ($M) Jul-21 Jan-22 Jul-22 Jan-23 — Jul-23 ™™mOrders ——Sales Revenue Jan-24 Jul-24 ° ° ° Jun-25 Record LTM orders of $128.7M ° Jan-25 Jul-2
Slide 13: KWB Group: Operating Performance
KWB Group fo Operating Performance ° ° ° 13 $24.3M EBIT ($25.2M FY24) Gross margins retained above 50% Costs remain tightly controlled 20.2% EBIT margin (FY24 $20.8%) naturally constrained due to ramp-up of new showrooms in FY25 FY25 depreciation and amortisation for FY25 increased commensurate with
Slide 14: Future Growth Initiatives
Future Growth Initiatives [3 KWB Group Bygkitchen =wallspan [a JoyceGroup connection o Continued ramp-up and optimisation of the 5 new showrooms added in FY25 o Expanded ranges to provide customers with more options at a range of price points o Expansion of wardrobe design and installation offering
Slide 15: Bedshed
(j JoyceGroup Bedshed
Slide 16: Bedshed: Store Network
Bedshed Store Network @ Company operations o 2x WA Stores o 2x QLD Stores Franchise operations Franchised 37 () 36 o 12x WA Stores o 10x QLD Stores Company 6 - 6 o 3x NSW Stores o tx VIC Stores Strong brand and highly Fundamental focus on franchise regarded franchise model operations (complemented b
Slide 17: Bedshed: Business Written Sales and Revenue
Bedshed [os Business Written Sales (BWS) and Revenue Franchise Operations 10 Revenue (SM) o Significant trading variability in FY25 - consumers continued to respond to cost-of-living pressures 5 by seeking promotions and shopping for value a | L | [| [| o Si61.0M BWS (7% increase on FY24) - includin
Slide 18: Combined Operations Revenue ($M)
18 Combined Operations 30 Revenue ($M) 20 ° lJ lJ i 1 0 Fyi8 FYI9 FY20 FY21 FY22 FY23 FY24 = FY25 Revenue Franchise operations 6,104 5,885 219 3.7% Company-owned stores 214 17,256 3,858 22.4% Combined Operations Revenue 27,218 23,141 4,077 17.6%
Slide 19: Bedshed: Operating Performance
Bedshed Operating Performance 19 Improved gross margins - achieved by strong inventory control and supply chain management Successful introduction of new ranges of furniture and rationalisation of the product range Full year operation of Castle Hill and Alexandria increased company-owned store cost
Slide 20: Bedshed: Operating Performance
Bedshed Operating Performance 20 Combined Operations EBIT ($M) and EBIT Margin 8 30% 25% 6 20% 4 15% 2 a 10% UW - te) | 0% FYi8 FYI9 FY20 FY2i FY22 FY23 FY24 FY25 mmm EBIT (LHS) ‘——=E8)T Margin (RHS) EBIT Franchise operations 2,831 3,176 (345) (10.9%) Company-owned stores 1,515 1,243 272 21.9% Combi
Slide 21: Future Growth Initiatives
Future Growth Initiatives fo Bedshed fa JoyceGroup o Network-wide business written sales growth and gross margin protection o Continued focus on product ranging and margin improvement from furniture offering o Operational enhancements and cost-control programs to improve performance of company-owned
Slide 22: Corporate Register
fa JoyceGroup Corporate Register 22
Slide 23: Corporate Directory
Corporate Directory 4. ADAMIC PTY LTD 77568 26.08 Jeremy Kirkwood Non-executive Director (Chair) 2. ANACACIA PTY LTD AWATTLE FUND AjC> 447.992 4.90 Karen Gadsby Non-executive Director (Deputy Chair) 3. UFBA PTY LTD. 1,420,000 4.80 ; - 4. HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 1353,536 458 Travis
Slide 24: References
References This Presentation should be read in conjunction with the following documents lodged with the ASX on 29 August ‘25 under the ASX ticker JYC: o FY25 - Annual Report, including Appendix 4E o FY25 - Results Announcement o Appendix 3A‘: Dividend/Distribution 24
Slide 25: Appendix: FY25 normalising adjustments
Appendix: FY25 normalising adjustments [a FY25 Results per Financial Statements 31,872 22,666 22,320 (6,487) 15,833 7,347 Crave realised loss on sale of assets 297 297 297 (89) 208 208 Crave impairment of software - 300 300 (90) 210 210 Wind up of Crave business operations 68 68 68 (20) 47 47 One-of
Slide 26: Appendix: FY24 normalising adjustments
Appendix: FY24 normalising adjustments FY24 Results per Financial Statements 31,975 24,511 24,654 (7,123) 17,531 8,863 Tax deduction applicable to share issue - - - (421) (421) (421) nb: Crave remained in pilot but was not normalised in FY24.
Slide 27: Disclaimer
Disclaimer fo Information contained in this presentation may involve forward looking statements, and comments about the future including possible future performance estimates, estimated earnings, potential growth of the company or its industry or other projections. Forward looking statements can gen