Mcpherson's Limited · ASX:MCP

Mcpherson's — H1 2024 Earnings Presentation

22 slides from Mcpherson's's earnings presentation, Feb 23, 2024

1. Slide 1: 1H24 Results Presentation

   For personal use only Health MCP (02) 9370 8000 Well Ness 98.004 068 419 105 Vanessa Street MCPHERSON'S Beauty NSW 2908 E:t.1860 ASX Announcement 1H24 Results Presentation 23 February 2024 McPherson’s Limited (ASX:MCP) announces that the results for the half year ended 31 December 2023 will be prese

2. Slide 2: For personal use only

   For personal use only

3. Slide 3: Disclaimer

   Disclaimer The following provisions apply to this presentation. Please consider its contents carefully. For personal use only ‘Currency of information The information contained in this presentation is current as at the date of this presentation or such earlier date as specified in this presentation.

4. Slide 4: Agenda

   Agenda For personal use only 1) Introduction & Welcome (2 1H24 Financial Results 3 ) Outlook & Summary Our Speakers BRETT CHARLTON CEO & MANAGING DIRECTOR PAUL WITHERIDGE CFO

5. Slide 5: Introduction & Welcome

   For personal use only Introduction & Welcome

6. Slide 6: For personal use only

   For personal use only • • • • • • •

7. Slide 7: For personal use only

   For personal use only • • • • • • •

8. Slide 8: Recent Achievements

   Recent Achievements During 1H24, several steps were taken to implement the new strategy a ce [e) Streamlined Brand Portfolio Operating Model and w Organisational Restructure Tp) Exit from non-strategic agency mj relationships and cessation of Functionally based model, fit-for- ae lower margin privat

9. Slide 9: Recent Appointments

   Recent Appointments Four new Executive Leadership team members personal use only — Fo Hanli Pretorius Stuart MacAulay Nathan Alexander _ Chief People Officer Supply Chain Director Chief Information Officer Craig Durham General Counsel & Company Secretary

10. Slide 10: Near Term Priorities

    Near Term Priorities Our immediate priorities include getting the systems, process and culture in place to execute our strategy Taking Logical Steps Technology Solutions New strategy to drive productivity and growth CRM implementation of Salesforce’s in higher margin and higher growth categories, Tr

11. Slide 11: 1H24 Financial Results

    For personal use only 1H24 Results Financial

12. Slide 12: For personal use only

    For personal use only • • • • Refer attached Appendix for reconciliation of to Statutory Earnings with earnings before material items

13. Slide 13: Cash Flow Management

    Cash Flow Management Strong 1H24 Operating cashflow, as transformation initiatives drive reduced working capital for reinvestment For personal use only Receipts from customers Payments to suppliers and employees Operating cashflow before interest & tax Interest and borrowing costs paid Income tax (p

14. Slide 14: For personal use only

    For personal use only 20.0% 25 17.5% 18.0% • 16.0% 20 14.0% • 12.0% 15 10.5% 10.0% % 8.0% 7.0% 10 19.6 6.0% 6.8% 3.0% 13.9 3.5% 4.0% 5 8.8 8.8 2.0% 4.0 3.8 0.0% 0 2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024 Gearing %

15. Slide 15: Interim ordinary dividend of 2.0 cents per share

    For personal use og Interim ordinary dividend of 2.0 cents per share (cps) (1H23 : 2.0cps) fully franked Payable 22 March 2024 Payout ratio of 81% (1H23 : 89%) of profit after tax before material items Consistent with policy to pay a minimum of 60% of profit after tax before material items subject t

16. Slide 16: Outlook & Summary

    For personal use only Outlook & Summary

17. Slide 17: Outlook

    2 c fo) © 12) = © S e) Y) < oO al tae fo) Outlook * McPherson’s products are in resilient categories - Essential products that people need for their everyday lives * While consumer spending and confidence is a driver of McPherson’s business, at this stage there is no evidence of any material softeni

18. Slide 18: Summary

    Summary + New strategy to unlock the potential of our core brands, drive productivity and growth in higher margin and higher growth categories where McPherson's has. a competitive advantage, and allow for disciplined re- investment in growth * Early results of transformation initiatives coming throu

19. Slide 19: Q&A

    For personal use only Q&A

20. Slide 20: Thank You

    For personal use only Thank You

21. Slide 21: Appendix

    For personal use only Appendix

22. Slide 22: Reconciliation of PBT before material items to statutory PBT

    Reconciliation of PBT before material items to statutory PBT rofit before tax before material items jaterial items before tax included in statutory profit before tax Dr. LeWinn’s inventory provision release Multix brand impairment Maseur brand impairment Restructuring expenses (Change in amortisatio

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