Slide 1: Financial Year 2026 Results
Financial Year 2026 Results August 2026
Slide 2: Joyce Group
Joyce Group “Helping Australians add value to their greatest asset - the family home” KWB Group 51% Majority Interest in Net Profit Attributable to JYC Shareholders 31 showrooms Established brands High performing, high REVENUE EBIT with strong customer margin, capital - light FY 26 FY26 relationship
Slide 3: Operating Results
Operating Results Financial Year 30 June 2026
Slide 4: Joyce Group FY26 Performance
Joyce Group FY26 Performance Overview o Strong operational and financial performance from light and high margin businesses capital - $169.9M $31.5M Revenue Normalised Group o Strategy focused on organic growth, operational efficiency EBIT* and disciplined capital management o FY26 operational highli
Slide 5: Results Overview
Results Overview Key financial performance metrics Increased revenue and gross margin delivered against continued cost - of- living ($’000) FY26 FY25 Variance pressures Revenue 169,885 148,154 21,731 14.7% Normalised Group EBIT $31.5M , up 32% on FY25 Contribution Margin 84,318 73,025 11,293 15.5% T
Slide 6: Results Overview
Results Overview Focused on returns to shareholders Final dividend of 17.0 cents per FY26 FY25 share (fully franked) Total Dividend (cents per share) 30.0 27.5 Ordinary Dividend (cents per share) 30.0 22.0 Normalised* NPAT payout Special Dividend (cents per share) - 5.5 ratio of 80% (maintained divi
Slide 7: Results Overview
Results Overview Cashflow 12 months to 30 Jun ‘26 ($M) Opening Cash 39.2 Operating Cashflow • $46.3 M cash generated from operating activities (excl. $8.6M Operating lease payments, $6.9M tax payments and $1.2M interest Cashflow 46.3 received) Lease - 8.6 Liabilities Investing Activities include • $
Slide 8: KWB Group
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Slide 9: KWB Group Showroom Network
KWB Group Showroom Network Wallspan June ‘25 New Showrooms Closed Showrooms June ‘26 o 4 x SA Showrooms Kitchen Connection 29 2 - 31 o 13 x QLD Showrooms o 14 x NSW Showrooms More than 4,300 kitchens and 2,100 Focus on organic network growth wardrobes designed and installed in with 2 new showrooms a
Slide 10: History of growth
History of growth Long term trend of Revenue and EBIT Growth driven through network expansion $160 and increasing category attachment 35 $140 12.0 30 Wardrobe Revenue lhs ($M) $120 8.9 9.7 10.1 25 Kitchen Revenue lhs ($M) 7.7 $100 EBIT rhs ($M) 20 6.6 $80 15 4.7 131.2 $60 4.3 114.5 111.6 110.3 4.4 1
Slide 11: Business model
KWB Group Business model Inspiring showrooms - located in A- grade homemaker Completion & Showroom centres , displaying premium brands and products Seek Referral (specify & qualify) Unique value proposition delivering a positive, seamless and hassle - free design and installation experience resultin
Slide 12: Orders and Revenue
KWB Group Orders and Revenue Total Orders and Average Orders per showroom ($M) 200 6 5 o $150.0M of orders (up 16.6% on FY25), 150 4 delivered from existing and new showrooms 100 3 2 o Orders up 21.7% in the first half, moderating to 50 1 12.2% in the second half - - o $121.3M of like- for- like* or
Slide 13: Record orders in FY26
KWB Group Record orders in FY26 o Orders surpassing revenue demonstrating growth potential Last 12 month (LTM) average orders and sales ($M) o New showrooms typically 170 take 6 - 12 months to ramp 150 up to targeted order and revenue levels 130 o Forward Order Book of 110 $46.7M at end of July 2026
Slide 14: Operating Performance
KWB Group Operating Performance ($’000) FY26 FY25 Variance % o $31.6M EBIT, up 30.3% on FY25 of Segment Revenue 143,236 120,388 22,848 19.0% $24.3M Segment EBIT 31,612 24,265 7,347 30.3% o Operating gross margin up 1 percentage point , remains above 50% Segment EBIT Margin % 22.1% 20.2% - - o Costs
Slide 15: Building on the Fundamentals
KWB Group Building on the Fundamentals Growth from the core o enquiry quality, sales conversion, designer and installation capacity and gross margin Refine the experience o digital- led marketing and shorter customer lead times Scale the systems o CRM and operating systems investment so the network
Slide 16: Network expansion - A-grade showrooms and beyond
KWB Group Network expansion - 55 A - grade showrooms and beyond FY27 Foundation o 33 showrooms by end FY27 with the Fyshwick (ACT) and Fortitude Valley (QLD) flagship showrooms Near term o Selective A - grade locations and expansion of the wardrobe category into New South Wales Medium term o Victori
Slide 17: Wardrobes - a national growth category
KWB Group Wardrobes - a national growth category A proven category o wardrobe revenue has grown consistently since FY14, with more than 2,100 wardrobes designed and installed in FY26 Attachment to the core o sold through the same showrooms and installation network, adding revenue without adding fixe
Slide 18: Bedshed
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Slide 19: Bedshed Store Network
Bedshed Store Network Company operations o 2 x WA Stores New / (sold or o 1 x QLD Store Store June ‘25 June ‘26 o 2 x NSW Stores closed) Stores Franchise operations Franchised 36 3 / (2) 37 o 13 x WA Stores o 11 x QLD Stores Company 6 - / (1) 5 o 4 x NSW Stores o 9 x VIC Stores Strong brand and high
Slide 20: Business Written Sales and Revenue
Bedshed Business Written Sales (BWS) and Revenue Franchise Operations 10 o $163.9M network BWS up 1.8% on FY25, Revenue ($M) supported by Black Friday, Boxing Day and EOFY Stocktake campaigns 5 o Like - for- like BWS of $159.8M comparable to 0 pcp FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 o Compa
Slide 21: Revenue
Bedshed Revenue Combined Operations 30 Revenue ($M) 20 10 0 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 ($’000) FY26 FY25 Variance Revenue Franchise operations 6,213 6,104 109 1.8% Company - owned stores 20,436* 21,114 (678) (3.2%) Combined Operations Revenue 26,649 27,218 (569) (2.1%) * FY26 Compa
Slide 22: Operating Performance
Bedshed Operating Performance Company Store o Combined Operations improved EBIT and EBIT ($M) and EBIT Margin 4 25% EBIT margin despite challenging trading conditions as consumers remained 3 20% focused on promotions and shopping for 15% 2 value 10% 1 5% o Operational improvements, cost control 0 0%
Slide 23: Operating Performance
Bedshed Operating Performance Combined Operations EBIT ($M) and EBIT Margin 8 30% 25% 6 20% 4 15% 10% 2 5% 0 0% FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 EBIT (LHS) EBIT Margin (RHS) ($’000) FY26 FY25 Variance EBIT Franchise operations 2,996 2,831 165 5.8% Company - owned stores 1,720 1,515 205 1
Slide 24: A stronger franchise offer and more efficient network
Bedshed A stronger franchise offer and more efficient network Protect and grow margin o continued product rationalisation and supply chain improvements Lower the cost of entry o refined store format cuts fit - out costs and reduces franchisee working capital o supports attraction and retention of hi
Slide 25: Corporate Directory
fa JoyceGroup Corporate Directory 25
Slide 26: Corporate Directory
Corporate Directory Board of Directors Top 20 JYC Shareholders – 24 th August 2026 Units % Units 1. ADAMIC PTY LTD 7,711,568 26.08 Jeremy Kirkwood Non- executive Director (Chair) 2. HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 2,280,849 7.71 3. J P MORGAN NOMINEES AUSTRALIA PTY LIMITED 1,647,872 5.57 K
Slide 27: References
References This Presentation should be read in conjunction with the following documents lodged with the ASX on 31 August 2026 under the ASX ticker JYC : o FY 26 - Annual Report, including Appendix 4E o FY 26 - Results Announcement o Dividend/Distribution - JYC 27
Slide 28: Appendix: FY25 normalising adjustments
Appendix: FY25 normalising adjustments NPAT ($’000) EBITDA EBIT PBT Tax NPAT attributable to JYC s/holders 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 21
Slide 29: Disclaimer
Disclaimer Information contained in this presentation may involve forward looking statements No warranty or representation is expressed or implied or will be made as to the and comments about the future including possible future performance estimates, fairness, accuracy, completeness or correctness