Slide 1: Super Retail Group FY2026 Half Year Results
FY 2026 Super Retail Group Half Year Results Authorised for release by the Board of Super Retail Group Limited 26 February 2026 Paul Bradshaw Group Managing Director & Chief Executive Officer
Slide 2: Group highlights
Group highlights SUPER RETAIL GROUP 2
Slide 3: First half highlights
First half highlights • Positive like-for-like growth in a competitive retail environment. • Sustained positive momentum from Supercheap Auto, and strong rebound in profit growth from Macpac. • Market share gains in core auto (Supercheap Auto), sport (rebel) and adventure (Macpac) in Australia over
Slide 4: Financial and operating highlights
Financial and operating highlights Revenue and Profitability and earnings Per share Customer / Channel SALES (m) Gross Margin Normalised1 PBT Active Club Members2 Sales from Active Margin Club Members $2,195m 45.4% -20 bps 7.9% -90 bps 13.0m +1 million 85% +2 ppts Total +4.2% | Like-for-like +2.5% S
Slide 5: Solid first half sales result
Solid first half sales result Sales revenue increased by 4 per cent to $2.2 billion GROUP H1 SALES GROWTH SALES ($M) BY BRAND H1 SALES H1 LFL SALES GROWTH (%) GROWTH (%) 5.1 3.5 4.8 3.8 2,107 2,195 1,958 2,026 0.3 (1.6) 1,776 1,705 1,444 13.1 7.8 TOTAL GROUP 4.2 2.5 Dec 19 Dec 20 Dec 21 Dec 22 Dec 2
Slide 6: Operating PBT broadly stable, project costs drove PBT decline
Operating PBT broadly stable, project costs drove PBT decline PBT growth from Supercheap Auto and Macpac, offset by declines in rebel and BCF. Project costs associated with the new Distribution Centre and HR Core & Payroll platform drove a decline in Group PBT. 1H26 normalised PBT evolution by opera
Slide 7: Customer highlights
Customer highlights Growth in active club members, store NPS and club member percentage of sales ACTIVE CLUB CLUB MEMBER CLUB MEMBER MEMBERS1 NPS % OF SALES 13.0m (UP 1.0M) 74 (UP 3) 85% (UP 2 ppts) CLUB MEMBER CLUB MEMBER CLUB MEMBER CLUB MEMBER NPS (UP 7) NPS ( unchanged) NPS (UP 2) NPS (UP 2) 75
Slide 8: Store network highlights
Store network highlights Delivering on strong pipeline of new store openings in 1H26 NEW TARGETED 1H26 STORES STORES STORE AT PERIOD END OPENED IN OPENINGS IN H2 H1 788 16 12 H1 STORE H1 STORE H1 STORE H1 STORE OPENINGS OPENINGS OPENINGS OPENINGS 6 7 1 2 TARGETED H2 TARGETED H2 TARGETED H2 TARGETED
Slide 9: Digital and omni-retail highlights
Digital and omni-retail highlights Online sales grew 9 per cent, 93 per cent of all sales GROUP H1 H1 ONLINE completed in store ONLINE SALES SALES GROWTH $312m 9% H1 FY26 BRAND SALES BY CHANNEL HOME CLICK & DELIVERY COLLECT % OF H1 SALES TOTAL % OF H1 % OF H1 COMPLETED IN GROUP ONLINE SALES ONLINE S
Slide 10: First half results and brand highlights
First half results and brand highlights 10
Slide 11: Group results
Group results H1 FY26 H1 FY25 $m Change (26 weeks) (26 weeks) Total sales 2,194.7 2,106.7 4.2% Total segment EBITDA 402.0 393.2 2.2% Segment D&A 189.9 175.1 8.5% Total segment EBIT 212.1 218.1 (2.8%) Finance costs 39.1 32.3 21.1% Normalised segment PBT 173.0 185.8 (6.9%) Segment income tax expense 5
Slide 12: Segment results
Segment results H1 FY26 H1 FY25 $m (26 weeks) (26 weeks) Segment Sales PBT Sales PBT Supercheap Auto 813.4 102.1 773.8 97.7 rebel 740.4 53.1 706.5 59.9 BCF 520.0 39.3 518.4 44.8 Macpac 121.5 7.1 107.4 1.7 Group and (0.6) (28.6) 0.6 (18.3) Unallocated Total 2,194.7 173.0 2,106.7 185.8 SUPER RETAIL GR
Slide 13: Supercheap Auto highlights
Supercheap Auto highlights Supercheap Auto is Australia and New Zealand’s favourite1 specialty automotive parts and accessories retail business • Sustained positive momentum from 2H25. • Solid like-for-like growth and profitable expansion of store network. • Maintained gross margin in an elevated pr
Slide 14: Supercheap Auto financial results
• Total sales increased by 5.1 per cent to $813.4 million. $m H1 FY26 H1 FY25 Change • Like-for-like sales increased 3.5 per cent, driven by growth in average transaction value. Like-for- like growth in Australia of 3.7 per cent was higher than New Zealand, which though improved remains subdued at 2
Slide 15: rebel highlights
rebel highlights rebel is Australia’s leading sporting goods and apparel retailer. Our goal is to inspire all Australians to live their sporting dreams and passions • Credible like-for-like growth, despite elevated promotional activity in the market and challenges with inventory availability. • Cont
Slide 16: rebel financial results
• Total sales increased by 4.8 per cent to $740.4 million. Like-for-like sales increased by 3.8 $m H1 FY26 H1 FY25 Change per cent driven by growth in the number of transactions. Demand patterns were variable throughout the period and promotional intensity increased in the second quarter. • Footwear
Slide 17: BCF highlights
BCF highlights BCF is Australia’s favourite1 outdoor retailer, with stores in every Australian state and territory • Total sales were in line with a record prior year. • Ongoing growth in the northern states (Qld, WA, NT) was broad based across Touring, Camping, Fishing and Marine. • Disciplined man
Slide 18: BCF financial results
• Total sales increased by 0.3 per cent to $520.0 million, supported by network expansion. $m H1 FY26 H1 FY25 Change • On a like-for-like basis, sales declined by 1.6 per cent. A reduction in the number of transactions was driven by more challenged seasonal factors that were strongly favourable in t
Slide 19: Macpac highlights
Macpac highlights Macpac is New Zealand’s original, technical outdoor brand that gives you the confidence and spirit to take on anything • Record first half sales. • High single digit like-for-like growth and a strong contribution from new stores opened throughout FY25. • Positive rebound in growth
Slide 20: Macpac financial results
• Total sales grew 13.1 per cent to $121.5 million, a strong result driven by like-for-like growth and new store openings. $m H1 FY26 H1 FY25 Change • Like-for-like sales increased 7.8 per cent in the period, with an 8.9 per cent increase in Australia and a 5.9 per cent increase in New Zealand. Stro
Slide 21: Group and unallocated
Group and unallocated $m H1 FY26 H1 FY25 • Group and unallocated includes corporate costs not allocated to segments and customer, omni, digital, loyalty and other Segment PBT (28.6) (18.3) project costs. Comprising: • Group and unallocated costs increased by $10.3 million to Corporate costs, custome
Slide 22: Group balance sheet
Group balance sheet $m Dec 25 Dec 24 • Total inventory was $19 million (or 2 per cent) higher than the Inventory pcp, reflecting the expansion of the store network, with overall inventory per store in line with the prior year. Supercheap Auto 328.5 328.9 • Supercheap Auto’s inventory per store decli
Slide 23: Group cash flow
Group cash flow $m H1 FY26 H1 FY25 • Cash flow from operating activities was $415.7 million, an increase of 7 Statutory EBITDA 376.6 391.8 per cent or $27.1 million compared to the pcp, and included cash payments related to non-recurring items in the period1. Investment in Working Capital3 93.0 73.8
Slide 24: Dividends and capital management
Dividends and capital management • The Group applies the following key principles in relation to dividends and capital • The Board has determined to pay a fully franked interim ordinary dividend of 32 cents management: per share. - Dividend payout policy – pay ordinary dividends equating to 55 per c
Slide 25: Returns, capital ratios and fx
Returns, capital ratios and fx H1 FY26 H1 FY25 Change • The Group has delivered normalised EPS of 54 cents. • Normalised fixed charge cover ratio of 2.2x compared to 2.3x in June Normalised EPS (cents) 54.0 57.9 (6.7%) 2025. • Return on capital of 18.1 per cent remains above WACC. Basic EPS (cents)
Slide 26: New national distribution centre in Victoria open and operational
New national distribution centre in Victoria open and operational Operational testing of automation Facility now operational and ready for capabilities is complete staged transition of brands Serviced rebel (southern states) in Achieved Green Star Building 1H26, with BCF, SCA and Macpac to certifica
Slide 27: Investment in stores underpins outlook for capital expenditure
Investment in stores underpins outlook for capital expenditure PORTFOLIO CAPEX $165m Moderating supply chain investment as systems $155m investments grows $135m Investment in new stores and refurbishments continues to $110m underpin the annual capital expenditure envelope. Capex on loyalty is now la
Slide 28: Corporate strategy
Corporate strategy 28
Slide 29: Our strategy
Our strategy 1 GROW THE FOUR CORE BRANDS Growing annual 2 LEVERAGE CLOSENESS TO OUR CUSTOMER customer value PRIMARY VALUE Ensuring organic growth and 3 CONNECTED OMNI-RETAIL SUPPLY CHAIN LEVERS capital discipline 4 Being an SIMPLIFY THE efficient BUSINESS omni-retailer 5 EXCEL IN OMNI-RETAIL EXECUTI
Slide 30: Investor Day
June 11, Investor 2026 Day Group MD & CEO Paul Bradshaw and CFO David Burns will provide investors with an update on the Group’s strategy through to 2030. The event will feature presentations from the Managing Directors of each brand, along with key members of the Executive Leadership team. Further
Slide 31: Trading update
Trading update 31
Slide 32: Trading update
Trading update Like-for-Like Sales Growth Total Sales Growth FY26 v FY25 FY26 v FY25 (Weeks 27 to 34) (Weeks 27 to 34) Supercheap Auto 4.0% 5.8% rebel 1.8% 2.8% BCF 4.1% 6.2% Macpac 8.7% 9.4%1 Group Total 3.5% 5.0% • Group like-for-like sales momentum has been positive in the first 8 weeks of tradin
Slide 33: Appendix – Store network and segment notes
Appendix – Store network and segment notes SUPER RETAIL GROUP 33
Slide 34: The Group has a network of 788 stores across Australia and NZ
The Group has a network of 788 stores across Australia and NZ NT 7 QLD 3 2 2 177 88 37 46 6 WA Supercheap Auto (358 stores) 77 SA ACT 34 17 20 6 rebel (163 stores) 52 16 NZN 23 10 15 4 4 4 3 5 NSW 58 BCF (166 stores) 201 35 23 Macpac (101 stores) 87 52 45 17 VIC 157 65 39 31 22 NZS 27 TAS 16 12 15 7
Slide 35: Segment note H1 FY26
Segment note H1 FY26 * Segment and Normalised metrics are non-IFRS measures, unaudited, and disclosed to provide users with a consistent basis for comparing performance across periods. This SUPER RETAIL GROUP disclosure assists users in understanding the financial condition and performance of the Co
Slide 36: Segment note H1 FY25
Segment note H1 FY25 * Segment and Normalised metrics are non-IFRS measures, unaudited, and disclosed to provide users with a consistent basis for comparing performance across periods. This SUPER RETAIL GROUP disclosure assists users in understanding the financial condition and performance of the Co
Slide 37: Important notice and disclaimer
Important notice and disclaimer This presentation has been prepared by Super Retail Group Limited ABN 81 108 676 204 ("SRG"). It provides summary information about the activities of SRG and its subsidiaries current as at the date of this presentation. The information in this presentation is of a gen