KMD - FY22 Annual Results Announcement

Tuesday 20th September 2022

KMD Brands Limited (ASX/NZX: KMD , “KMD” or the “Company”) is pleased to announce its results for the twelve months ended 31 July 2022 (“FY22”).

FY22 key highlights (vs FY21):

• Group sales up 6.2% to $979.8 million, a record for KMD Brands

o Continued growth in Rip Curl sales, highest-ever Kathmandu sales in Q4, and record order demand for Oboz products

• Gross margin maintained at 58.9% despite input cost pressure

• Underlying EBITDA of $92.0 million reflects the impact of Q1 Australasian lockdowns and Oboz supply chain COVID disruption

o Record second half Group sales and underlying EBITDA

• Statutory NPAT of $36.8 million; Underlying NPAT(1) of $36.2 million

• Strong balance sheet position supports investment in organic brand growth

• Final dividend of 3 cents per share (fully franked for Australian shareholders); total FY22 dividend of 6 cents per share represents a record $42.5 million dividends declared in FY22

The following are attached in relation to KMD Brands Limited's Full Year Result for the period to 31 July 2022:

1. Results Announcement

2. Media Announcement

3. Financial Statements and Independent Auditor's Report

4. Investor Presentation

5. Distribution Notice

Investor briefing being held today @ 8:30am AEST / 10:30am NZST

Michael Daly (Group CEO & Managing Director) and Chris Kinraid (Group CFO) will be holding a briefing session for investors and analysts at 8:30am AEST / 10:30am NZST today (Tuesday 20 September). To pre-register and avoid a queue when calling, please follow this link:

https://event.webcasts.com/starthere.jsp?ei=1567475&tp_key=9b518569b6

If you are unable to pre-register, at the time of the call please dial one of the numbers below and provide the Participant Code 648518 to the operator.

Australia Toll Free: 1800 590 693

Australia Local: +61 (0) 2 7250 5438

New Zealand Toll Free: 0800 423 972

New Zealand Local: +64 (0) 9 9133 624

United States: +1 323 794 2558

- ENDS -

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