Slides
Page 1
2026 AGM 29 October 2026
Page 2
Articore Group Limited Board of Directors 1. Appointed a Director in July 2024 and Chair in June 2025 2. Appointed Group CEO in June 2025 and Managing Director (MD) in August 2025 Robin Mendelson Chair Appointed July 20241 Vivek Kumar Group CEO and MD June 20252Appointed Bob Sherwin Director November 2022 Appointed 2 John Lewis Director October 2024 Appointed Robin Low Director March 2024 Appointed Naseema Sparks AM Director March 2026 Appointed
Page 3
3 Agenda Chair’s Address Group CEO and Managing Director’s Address Formal Business Other business 01 02 03 04
Page 4
4 Chair’s Address Robin Mendelson
Page 5
55 Delivering on our commitment to shareholders Assessing capital structure, portfolio fit, and value creation pathways Appointing an additional independent, Australia-based Director Ensuring strong alignment with shareholders through Board ownership of equity Delivering a clear strategy focused on value creation and strong cash flow generation Committing to regular milestone-based reporting Shareholder value Strategic review Enhanced governance Shared experience Transparency & accountability $20.1 million EBIT turnaround; first profitable year since listing, outside FY21 Review completed; executing strategy as independent company offers the most compelling pathway to deliver long-term shareholder value Regular updates delivered through FY26 Naseema Sparks AM appointed March 2026 All Directors and KMP increased ownership in FY26; EBIT-based STI hurdles introduced FY26 PRIORITIES FY26 ACHIEVEMENTS
Page 6
ESTABLISHED MARKETPLACES HIGH-GROWTH BUSINESSES Launched 2025 Acquired 2026 Listed 2016 | ASX: ATG Articore owns and operates three high-margin, capital-light digital marketplaces and an emerging storefront platform Founded 2006 Acquired 2018 Supply Chain Loop Creators UPLOAD UNIQUE DESIGNS Customers BUY DESIGN ON PRODUCT Fulfillers MAKE AND SHIP PRODUCT Marketplace Loop
Page 7
Four structural advantages in a growing market 7 +23.6% CAGR 2019 (Pre pandemic) Global POD Market (USD billions)1 2021 (Pandemic) 2025 2033 (Projected) Distinctive competitive advantages Unique asset Scale economies Network effects Process power >3 million creators selling across Group >75 million designs >10,000 average daily uploads 44 third-party fulfiller sites 21 million units shipped in FY26 ~200 employees $1.8 million MPR per employee 1. Grand View Research, June 2026, ‘Print on Demand Market (2026 - 2033)’
Page 8
8 Group CEO and Managing Director’s Address Vivek Kumar
Page 9
First profitable year since listing, outside the pandemic-driven spike in FY21 9 Pandemic spike Mask sales represented $57 million, or 10.2% of MPR, in FY21 FY23 FY24 FY25 FY26FY22FY18 FY19 FY20 FY21FY17 EBIT ($AUD millions) $40 $20 $0 -$20 -$40 -$60 $20.1 million increase FY25 to FY26
Page 10
Business transformation drives EBIT improvement 10 Marketplace revenue and YoY change Gross profit and margin Gross profit after paid acquisition and margin EBIT Operating expenses FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 ($AUD millions) ($AUD millions) ($AUD millions) ($AUD millions) ($AUD millions) FY26
Page 11
11 Cash position and balance sheet improved significantly providing financial flexibility June closing cash balance (millions, FY25 - FY26) $28.4 FY25 FY26 42% increase Underlying cash flow (millions, FY25 - FY26) Return on equity (FY25 - FY26) FY25 FY26 FY25 FY26 $0.6 $10.1 $28.4 $40.5 +21.8% -22.8%
Page 12
Acquisition to accelerate tech roadmap, drive operating efficiencies and support growth 1. Advances technology platform consolidation 2. Establishes a Global Capability Centre to drive sustained operating efficiencies 3. Profitable business Strategic rationale India-based, print-on-demand marketplace ACQUIRED MAY 2026 High-growth potential ● Opens access to the US$1B+ Indian print-on-demand market ● Market growing annually by ~25%1 ● Delivered triple-digit YoY growth since acquisition Integration progressing well ● India-based teams providing engineering and other functional support across Group ● T argeting hiring >30 employees by end of FY27 ● Leveraging Articore’s capabilities and platform to grow Frankly Wearing 1. Grand View Research, June 2026, ‘India print on demand market size and outlook, 2026-2033’ 12
Page 13
Early signs that Dashery has a strong product-market fit in a significant market 13 ● Creators with 100k to 1 million followers on Instagram, YouTube or TikT ok ● Generates "fandom" demand when they promote ● First store through to pro Who Dashery is built for today Launched Shopify integration to increase target market T op creators FY26 key metrics ($AUD, Launched January 2025) $2.4m MPR1 36.5% GPAPA margin >1,500 Active selling accounts $4.0m GPS1 4 million creators fit our ideal customer profile +450% +482% +0.3pp A number of creators generated >$100k in Y ear 1 1. Figures in AUD
Page 14
Positioning Articore for its next phase of profitable MPR growth Key growth drivers Vision: T o be the leading destination for customers to discover and buy unique design-first products driven by a global creator ecosystem built to turn passion into profits. ● Strengthen competitive moat through content differentiation ● Build high-impact customer acquisition and retention engines ● Elevate the customer experience through AI-driven discovery and personalisation Customers Creators High–growth businesses ● Generate higher-value outcomes for creators through incremental monetisation opportunities ● Invest in new businesses, including Dashery and Frankly Wearing, and M&A, leveraging Articore’s strategic assets and existing capabilities 14Operate a unified technology platform
Page 15
15 FY27 guidance ($AUD)1 GPAPA margin: 27% - 30% FY26: 28.6% Operating expenses: $79 million - $85 million FY26: $85.0 million Operating EBITDA: $17 million - $23 million FY26: $16.4 million 1. Figures in AUD. Our ability to achieve this aim is highly dependent on various factors including consumer demand, foreign exchange rates, geographic and product mix Q1 in line with expectations, FY27 guidance reaffirmed
Page 16
16 Formal Business
Page 17
Receive and consider Financial Statements and Reports Item of Business 17
Page 18
Resolution 1 18 Adoption of the Remuneration Report For Open Against 99.71% 93,658,014 0.06% 59,823 0.23% 212,329
Page 19
Resolution 2 Election of Director Naseema Sparks AM 19 For Open Against 99.45% 118,119,914 0.51% 608,727 0.04% 50,429
Page 20
20 Resolution 3 Ratification of prior issues of shares pursuant to ASX listing rule 7.4 For Open Against 99.11% 117,729,751 0.51% 608,727 0.38% 446,924
Page 21
Resolution 4 Approval to issue employee incentive securities pursuant to ASX listing rule 7.1 21 For Open Against 72.45% 86,063,059 0.51% 608,727 27.04% 32,116,684
Page 22
22 Other business
Page 23
23 Voting on the Resolutions
Page 24
24 Close of meeting Thank you for joining us
Page 25
25 IMPORTANT NOTICE AND DISCLAIMER This presentation contains summary information about Articore Group Limited (ACN 119 200 592) and its related bodies corporate (together, the Articore Group or the Group) and the Group’s activities as at the date of this presentation. It is information given in summary form only and does not purport to be complete. It should be read in conjunction with the Group's other periodic corporate reports and continuous disclosure announcements filed with the Australian Securities Exchange (ASX), available at www.asx.com.au. This presentation is for information purposes only and is not a prospectus or product disclosure statement, financial product or investment advice or a recommendation to acquire the Group’s shares or other securities. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. T o the maximum extent permitted by law, none of the Group or its directors, employees or agents, nor any other person, accepts liability for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it, including, without limitation, any liability from fault or negligence on the part of the Group or its directors, employees, contractors or agents. This presentation contains forward-looking statements in relation to the Articore Group, including statements regarding the Group’s intent, belief, goals, objectives, initiatives, commitments or current expectations with respect to the Group’s business and operations, market conditions, results of operations and financial conditions, products in research, and risk management practices. Forward-looking statements can generally be identified by the use of words such as "forecast" , "estimate" , "plan" , "will" , "anticipate" , "may" , "believe" , "should" , "expect" , “project, ” "intend" , "outlook" , "target" , "assume" and "guidance" and other similar expressions. The forward-looking statements are based on the Group’s good faith assumptions as to the financial, market, risk, regulatory and other relevant environments that will exist and affect the Group’s business and operations in the future. The Group does not give any assurance that the assumptions will prove to be correct. The forward-looking statements involve known and unknown risks, uncertainties and assumptions and other important factors, many of which are beyond the control of the Group, that could cause the actual results, performances or achievements of the Group to be materially different to future results, performances or achievements expressed or implied by the statements. Factors that could cause actual results to differ materially include: changes in government and policy; actions of regulatory bodies and other governmental authorities such as changes in taxation or regulation (or approvals under regulation); the effect of economic conditions; technological developments; and geopolitical developments. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as at the date of the presentation. The Group disclaims any responsibility for the accuracy or completeness of any forward-looking statement. Except as required by applicable laws or regulations, the Group does not undertake any obligation to publicly update or revise any of the forward-looking statements or to advise of any change in assumptions on which any such statement is based. Any projections or forecasts included in this presentation have not been audited, examined, or otherwise reviewed by the independent auditors of the Group. There are references to IFRS and non-IFRS financial information in this presentation. Non-IFRS financial measures are financial measures other than those defined or specified under any relevant accounting standard and may not be directly comparable with other companies’ information. Non-IFRS financial measures are used to enhance the comparability of information between reporting periods and enable further insight and a different perspective into the financial performance. Non-IFRS financial information should be considered in addition to, and is not intended to be a substitute for, IFRS financial information and measures. Non-IFRS financial measures are not subject to audit or review.
Page 26
26 Contact us: Virginia Spring VP , Investor Relations investor.relations@articore.com