FY23 Annual Results Announcement

20 September 2023
(All amounts in NZ$ unless otherwise stated)

KMD Brands delivers record $1.1 billion sales in FY23

KMD Brands Limited (ASX/NZX: KMD, “KMD” or the “Group”) is pleased to announce its results for the twelve months ended 31 July 2023 (“FY23”).

FY23 key highlights (vs FY22):
• Group sales record, up 12.6% to $1.1 billion
- All brands grew sales, with Rip Curl and Oboz achieving record sales
• Gross margin improvement 20 basis points to 59.1%
• Underlying EBITDA(1) of $105.9 million, up 15.1% YOY despite softening consumer sentiment in the fourth quarter
• Statutory NPAT of $36.6 million; Underlying NPAT(1) up 8.6% YOY to $43.3 million
• Strong balance sheet position
• Final dividend of 3 cents per share (not franked and not imputed); total FY23 dividend of 6 cents per share

The following are attached in relation to KMD Brands Limited's Full Year Result for the period to 31 July 2023:
1. Results Announcement
2. Media Announcement
3. Annual Integrated Report including 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 (Wednesday 20 September). To pre-register and avoid a queue when calling, please follow this link:

https://event.webcasts.com/starthere.jsp?ei=1629002&tp_key=75a773ce89

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: 1 800 590 693
Australia Local: +61 (0) 2 7250 5438
New Zealand Toll Free: 0800 423 972
New Zealand Local: +64 (0)9 9133 624
United States Local: +1 323-794-2095
United Kingdom Local: +44 (0) 330 165 3646
France Local: +33 (0) 1 76 77 22 73

The webcast will be available on the KMD Brands investor website following the call.

This announcement has been authorised for release to NZX / ASX by the Board of Directors of KMD Brands Limited.

- ENDS -

For media and investor enquiries, please contact [email protected]

(1) Excluding the impact of IFRS 16, restructuring, and the notional amortisation of Rip Curl and Oboz customer relationships

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Announcement PDF