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C O V E N T R Y G R O U P L I M I T E D · AS X : C Y G Full Year Results 2026
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Contents 01 Business Overview & Results Summary 02 Turnaround progress 03 Financial performance 04 Outlook 05 Appendices A question -and-answer session will follow the presentation. FY26 Full Year Results · ASX:CYG 02 / 31
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S E C T I O N 0 1 Business Overview & Results Summary Who Coventry Group is, the footprint we operate, and the FY26 results in summary.
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Business overview An Australasian distributor of industrial fasteners, consumables and hydraulic fluid systems with market leading brands across both segments. $375.3m FY26 total revenue 94 Branches across Australia & New Zealand ~970 Team members Trade Distribution 59% OF REVENUE Konnect Australia 25% of revenue Australia’s leading supplier of specialist fasteners, fixings and industrial consumables to trade, construction and manufacturing customers $95.1M REVENUE Konnect New Zealand 12% of revenue New Zealand’s leading supplier of specialist fasteners, fixings and industrialconsumables to trade, construction and manufacturing customers $43.5M REVENUE Nubco 14% of revenue Tasmania's leading industrial, safety and hardware distributor serving customers in construction, industrial, resource and trade related industries. $53.3M REVENUE Steelmasters 8% of revenue Manufacturer and Distributor of specialist fasteners, fixingsand engineering supplies across Australia and New Zealand $31.3M REVENUE Fluid Systems 41%OF REVENUE Cooper Fluid Systems 41% of revenue National leading designer & manufacturer of hydraulic, lubrication, fire suppression, hose & fittings and waste recycling systems serving mining and industrial customers nationwide $152.1M REVENUE Revenue is presented on a constant currency basis for NZD conversion; see appendix for further detail. FY26 Full Year Results · ASX:CYG 04 / 31
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Branch network Coventry Group serves the market through 94 branches in Australia and New Zealand, across Trade Distribution (Konnect, Nubco, Steelmasters) and Fluid Systems. 94 T O T A L B R A N C H E S 80 T R A D E D I S T R I B U T I O N 14 F L U I D S Y S T E M S Yellow markers show branch locations; "City x N" indicates multiple branches at that location. Plotted from the FY26 branch r egister using real AU/NZ coastline data (Natural Earth via world -atlas). Excludes 3 branches closed in FY26 (Konnect Lismore, Konne ct Canberra, Cooper Fluids Dandenong).
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FY26 results summary Significant turnaround and second-half earnings recovery, cost-out target met, and a materially improved exit run rate. REVENUE 3 - Constant Currency $375.3m +2.8% vs FY25 EBITDA 1,3 $9.4m +94% 2H vs 1H EBIT 2 $3.8m +$2.9m 2H vs 1H NET DEBT $55.2m −$1.1m vs Jun 25– New facility extension to 31 August 2028 NET ASSET S $104.1m −$7.1m vs Jun 25 AVAIL ABL E LIQUIDIT Y $14.8m as at 30 Jun 2026 ¹ EBITDA before significant items, excluding AASB 16 — non-IFRS measure. ² EBIT before significant items, excluding AASB 16 — non-IFRS measure. ³ Revenue and EBITDA are presented on a constant currency basis for NZD conversion; see appendix for further de tail. FY26 Full Year Results · ASX:CYG 06 / 31 NET ASSET S $104.1m −$7.1m vs Jun 25 ANNUAL ISED COST -OUT $10m Actioned in FY26 INVENT ORY $10.6m Reduction on FY25
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S E C T I O N 0 2 Turnaround progress Strategy, the delivery scorecard against half-year commitments, and momentum building through the second half.
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Performance Trajectory 2H FY26 EBITDA of $6.2m, up $3.0m on 1H FY26, with momentum building through Q4. ¹ EBITDA before significant items, excluding AASB 16 — non-IFRS measure, presented on a constant currency basis for NZD conversi on. Monthly and quarterly figures are unaudited management estimates. FY26 Full Year Results · ASX:CYG 08 / 31 M A R G I N L I F T Buy & sell-side initiatives, freight optimisation and cost-out flowing through gross and EBITDA margin in 2H. O P E R A T I N G L E V E R A G E EBITDA doubled half-on-half on stable revenue. The uplift was margin and cost-led, not volume-dependent.FY26 EBITDA includes ~$1.5m drag from branches now closed (~$1m) and new branches recently moved to breakeven ($0.5m). E X I T P O S I T I O N I N G Q4 trading exiting at the strongest run rate in 18 months driven by stable sales, improving profit margins & cost-out initiatives taking effect. Q4 also delivered the strongest quarter of cash flow on improved earnings and working capital management. QUARTERLY EBITDA¹ · $M · FY26 2.9 0.3 2.1 4.1 -1.0 0.0 1.0 2.0 3.0 4.0 5.0 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 QUARTERLY OPERATING CASH FLOW · $M · FY26 -1.1 -6.9 -3.7 5.9 -9.0 -7.0 -5.0 -3.0 -1.0 1.0 3.0 5.0 7.0 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 December & January are seasonally weaker months for the construction industry .
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Progress against commitments 1 H F Y2 6 C OMMIT ME N T F Y2 6 OU T C OME 01 Reach target $10m of annualised cost-out savings by FY26 year-end. $10m cost out target achieved. EXCEEDED 02 Steady upward earnings improvement through FY26. 2H EBITDA $6.2m vs 1H $3.2m - Q4 run rate $4.1m. EXCEEDED 03 Tighter working capital and reduced inventory. Inventory down $10.6m against June 2025. 04 Underperforming branches improving toward profitability. Three branches closed (2 TD, 1 CFS), customers redirected to other branches, lifting overall network performance. Remediation plans in progress for the remainder. 05 Improving cash flow with ERP implementation costs and branch relocation costs behind us. EBITDA-to-cash conversion improving in 2H. Operating cash flow of $5.9m in Q4. 06 Net debt reduction with bank supportive. Net debt stabilised. Leverage trajectory improving, new facility extension signed with NAB to 31 August 2028. FY26 Full Year Results · ASX:CYG 09 / 31
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Branch Optimisationprogram A full review of branch profitability was conducted in 2H FY26. Branches were assessed on three years of trading, contribution margin, market structure, and positioning. This resulted in the closing of three branches and the identification of several underperforming branches requiring improvement. Closed 3 Loss-making branches with no viable remediation path. Closures completed in 2H FY26 with one-off costs through significant items. • Trade Distribution - 2 branches • Cooper Fluid Systems - 1 branch • Combined annualisedEBITDA drag eliminated: ~$1.0m • Most customers retained and redirected to other branches Remediation in progress 7 Branches where revenue underperformance reflected poor local leadership. Addressed through targeted team changes, with pricing and inventory discipline reinforcing the turnaround. • New branch managers and salespeople appointed where performance has been unsatisfactory • Pricing and mix discipline reinstated under stronger local leadership • ERP-enabled inventory rightsizing supporting the recovery Recovered 5 Branches that have moved into profitability including new FY26 openings now at maturity: • 3 new branches that were loss-making in FY26, now breakeven (combined loss of $547k in FY26) - positive contribution leading into FY27 • 2 prior underperforming branches now contributing positively • CFS Mackay – new flagship branch trading at expected uplift rate Branch counts are management classifications as at 30 June 2026. Closure costs included within significant items. FY26 Full Year Results · ASX:CYG 10 / 31
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Strategic priorities FY26 was focussed on stabilising the business. With that work substantially complete, our focus now shifts to disciplined, profitable growth and ongoing cash generation. FY26 · LARG ELY COM PLET E Stabilise • ERP stabilised across the group • Balance sheet review & inventory clean-up • Leverage trajectory improving through 2H FY26 –27 · In Progress Optimise • $10m cost-out delivered – Further cost out initiatives identified for FY27 • Continue to remediate underperforming branches • Margin improvement programs: price positioning, freight recovery, market diversification • Working capital & cash conversion discipline FY27 onw ard Grow profitably • Carry the Q4 exit run rate to FY27 and drive market penetrative growth • Fully utilise operating leverage – grow into existing branch network capacity while keeping operating costs flat • Mature new and underperforming branch profitability • Continued net debt reduction and leverage improvement From FY27, profitable earnings growth with a focus on cash generation Strategic framework is directional and subject to the outcome of the Board's strategic portfolio review. No guidance is provi ded. FY26 Full Year Results · ASX:CYG 11 / 31
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S E C T I O N 0 3 Financial performance Group profit and loss, significant items, segment results, cash flow and balance sheet for the year ended 30 June 2026.
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Group financial summary Revenue up 2.8% to $375.3m. Adjusted EBITDA of $9.4m reflects a weak first half, with 2H earnings almost double the first half. ¹ Adjusted EBITDA is before significant items and excludes the impact of AASB 16 — Leases. Non -IFRS measure used by management; reconciliation to statutory EBITDA in the appendix. Revenue and Adjusted EBITDA are presented on a constant currency basis fo r NZD conversion. FY26 Full Year Results · ASX:CYG 13 / 31 $M FY26 FY25 CHANGE 1H FY26 2H FY26 Revenue 375.3 365.2 +2.8% 188.5 186.8 Gross profit 156.1 154.3 +1.2% 78.3 77.8 Gross margin % 41.6% 42.3% −70 bps 41.5% 41.7% Employment costs (98.7) (95.4) +3.5% (50.9) (47.8) Other operating costs (48.0) (46.6) +3.0% (24.2) (23.8) Total operating costs (146.7) (142.0) +3.3% (75.1) (71.6) Adjusted EBITDA¹ 9.4 12.3 −23.6% 3.2 6.2 Adjusted EBITDA margin % 2.5% 3.4% −90 bps 1.7% 3.3% Second half almost double the first. • 2H FY26 adjusted EBITDA of $6.2m compared with $3.2m in 1H, as sales, cost reduction, margin improvement and branch network changes took effect. • Employment costs rose 3.5%, reflecting award increases and the annualisation of new branches. Within the financial year, employment costs fell 1H to 2H as cost-out restructuring benefits weighted toward the second half took effect. • Gross Margin down slightly from Trade Distribution product mix. Gross margin improved modestly from 1H to 2H as sell-side and buy-side pricing initiatives began to take effect.
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Segment P&L - Trade Distribution Revenue of $223.2m, up 2.4%, with adjusted EBITDA of $11.7m. Second-half earnings improved to $6.3m from $5.4m in the first half. C O M M E N T A R Y ¹ Adjusted EBITDA before significant items and AASB 16, presented on a constant currency basis for NZD conversion. Trade Dist ribution comprises Konnect Australia (including Artia), Konnect New Zealand, Nubco and Steelmasters. Excludes corporate overhead of $(15.5)m. FY26 Full Year Results · ASX:CYG 14 / 31 $M FY26 FY25 CHANGE 1H FY26 2H FY26 Revenue 223.2 217.9 +2.4% 112.4 110.8 Gross margin 98.6 98.7 −0.1% 49.8 48.8 Gross margin % 44.2% 45.3% −110 bps 44.3% 44.0% Employment costs (59.9) (58.0) +3.3% (30.8) (29.0) Other operating costs (27.0) (26.3) +2.7% (13.6) (13.5) Adjusted EBITDA¹ 11.7 14.4 −18.8% 5.4 6.3 EBITDA margin % 5.2% 6.6% −140 bps 4.8% 5.7% • Revenue growth of 2.4% was supported by improving conditions in mainland Australia and New Zealand and a resilient Tasmanian market, partly offset by steel price deflation. • Gross margin of 44.2%, down 110 basis points on product mix, with sell-side pricing initiatives partly offsetting input cost pressure. • Two branches closed in the second half, with customers and some inventory redirected to nearby sites. Annualised benefit flows to FY27. • Second-half improvement in EBITDA of $6.3m versus $5.4m in the first half as cost reduction and network changes started to take effect. The cost reductions ramped up as the year progressed and had the greatest impact in Q4. • NZD headwind - On an actual exchange rate basis, EBITDA was $11.5m for FY26, a $0.25m unfavourable impact from NZD currency movements during the year.
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Segment P&L - Fluid Systems Revenue of $152.1m, up 3.2%, with adjusted EBITDA of $13.2m at an 8.7% margin - the group's most profitable segment. C O M M E N T A R Y ¹ Adjusted EBITDA before significant items and AASB 16, presented on a constant currency basis for NZD conversion. Fluid Syst ems trades principally as Cooper Fluid Systems. FY26 Full Year Results · ASX:CYG 15 / 31 $M FY26 FY25 CHANGE 1H FY26 2H FY26 Revenue 152.1 147.4 +3.2% 76.2 75.9 Gross margin 57.2 55.7 +2.7% 28.5 28.7 Gross margin % 37.6% 37.8% −20 bps 37.4% 37.8% Employment costs (30.7) (29.5) +4.1% (15.8) (14.9) Other operating costs (13.3) (12.8) +3.9% (6.4) (6.9) Adjusted EBITDA¹ 13.2 13.4 −1.5% 6.3 6.9 EBITDA margin % 8.7% 9.1% −40 bps 8.3% 9.1% • Mining and industrial demand remained supportive through the year, with revenue up 3.2% and a record Q4 EBITDA of $4.4m. • One branch closed in 2H, with operations consolidated into a nearby site and customers successfully redirected. • Mackay relocation to a new flagship site disrupted 1H trading, with that complete, 2H EBITDA improved to $6.9m from $6.3m. • Pricing discipline held gross margin at 37.6% despite competitive pressure, with 2H margin ahead of 1H.
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Balance sheet Net assets of $104.1m. Inventory reduced $10.6m following the inventory review and tighter working capital control. K E Y M O V E M E N T S N E T T A N G I B L E A S S E T S $22.2m N E T D E B T $55.2m Net debt is interest -bearing loans and borrowings less cash; it excludes AASB 16 lease liabilities. Net tangible assets are net assets less intangible assets. FY26 Full Year Results · ASX:CYG 16 / 31 $M 30 JUN 26 30 JUN 25 CHANGE Cash and cash equivalents 3.8 3.3 +0.5 Trade and other receivables 53.6 52.8 +0.8 Inventories 78.4 89.0 −10.6 Other current assets 7.1 10.3 −3.2 Total current assets 142.9 155.4 −12.5 Right-of-use assets 82.2 68.4 +13.8 Intangible assets 57.5 60.7 −3.2 PP&E, deferred tax and other 45.1 43.7 +1.4 Total assets 327.7 328.2 −0.5 Trade and other payables (57.3) (62.1) −4.8 Borrowings (current $5.0m) (59.0) (59.6) −0.6 Lease liabilities (93.6) (81.2) +12.4 Provisions and employee benefits (13.7) (14.1) −0.4 Total liabilities (223.6) (217.0) +6.6 Net assets 104.1 111.2 −7.1 • Inventory down $10.6m to $78.4m, reflecting ERP-enabled procurement discipline and the stocktake and provisioning review completed in 2H. $5.4m of this movement was due to provisioning and write off adjustments. • Borrowings extended - borrowings moved to non-current following the extension of the finance facility to 31 August 2028. • Lease liabilities up $12.4m on new and renewed branch leases, with a matching increase in right-of-use assets. • Net assets down $7.1m , driven by the reported loss including $15.7m of significant items, of which $12.3m were non-cash.
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Working capital management Net working capital reduced $5.0m to $74.7m, with a $10.6m inventory reduction the key highlight. INVENTORY · $M · PERIOD END Commentary ¹ Net working capital comprises inventories plus trade receivables less trade payables but excludes provisions FY26 Full Year Results · ASX:CYG 17 / 31 $M 30 JUN 26 30 JUN 25 YOY Inventories 78.4 89.0 −10.6 Trade receivables 53.6 52.8 +0.8 Trade payables (57.3) (62.1) −4.8 Net working capital¹ 74.7 79.7 −5.0 NWC as % of revenue 19.9% 21.8% −190 bps 89.0 87.7 78.4 JUN 25 DEC 25 JUN 26 • Inventory discipline - ERP-enabled procurement controls, range rationalisation and a full physical stocktake and inventory review reduced inventory by $10.6m. • Trade Payables - Payables reduced $4.8m as aged balances were reduced - further ongoing reduction planned in FY27. • Receivables held flaton higher revenue, with tighter collections processes and credit control introduced during the year.
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Cash flow STATUTORY EBITDA TO FREE CASH FLOW · FY26 · $M Statutory operating cash flow is operating cash flow after lease interest payments. Free cash flow is statutory operating cas h flow after lease principal repayments and net capital expenditure. Lease principal is presented within financing activities in the statutory cash flow statement. FY26 Full Year Results · ASX:CYG 18 / 31 W O R K I N G C AP I T AL $5.0m inflow driven by inventory reduction offset by reduction in aged payables. I N T E R E S T P AI D Interest expense of $5.0m on the bank facility, expected to decrease as the gross leverage ratio reduces and debt is paid down C AP I T AL E X P E N D I T U R E Capital expenditure of $5.4m was largely driven by the Mackay relocation and new store fit-outs and relocations across the Konnect network - concentrated in the early part of FY26. F Y 2 7 Capex held below $3m and lower significant-item cash costs support improved free cash flow. 17.2 +5.0 −5.0 −5.4 +1.4 13.2 +5.4 18.6 −22.1 −5.4 −8.9 -16.0 -8.0 0.0 8.0 16.0 24.0 STATUTORY EBITDA WORKING CAPITAL INTEREST PAID – BANK INTEREST EXPENSE – LEASE TAX & OTHER STATUTORY OPERATING CF ADD BACK LEASE INTEREST OPERATING CASH FLOW LEASE PRINCIPAL NET CAPEX FREE CASH FLOW
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Liquidity and funding NET DEBT $55.2m VS JUN 25 −$1.1m DRAW N FACILIT IES $59.0m NON -CURRENT $54.0m CASH ON HAND $3.8m VS JUN 25 +$0.5m T OT AL LIQUIDIT Y $14.8m A T 3 0 J U N 2 6 cash + undrawn F U N D I N G A N D C O V E N A N T S Net debt is interest -bearing loans and borrowings less cash and cash equivalents, and excludes AASB 16 lease liabilities. Covena nt measures are calculated in accordance with the banking facility agreement. FY26 Full Year Results · ASX:CYG 19 / 31 • Facilities extendedin August 2026. The facilities were due to expire in July 2027 - an extension to 31 August 2028 has been granted. • Covenant waiverswere obtained during FY26. Management continues to engage constructively with the lender, which remains supportive of the turnaround plan. • Leverage improvingas earnings recover - gross leverage on the Q4 annualised earnings basis is materially below the full-year reported measure. GROSS LEVERAGE RATIO · FY26 4.9x 4.9x 8.2x 10.0x 8.4x 7.5x 6.3x 0x 3x 6x 9x 12x Jun-25 Sep-25 Dec-25 Mar-26 Apr-26 May-26 Jun-26 Gross leverage ratio
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Significant items detail $15.7m of significant items in FY26, of which $12.3m was non-cash. N O N- C A S H $12.3m 78% of total C A S H $3.4m 22% of total C O M M E N T A R Y FY26 Full Year Results · ASX:CYG 20 / 31 $M AMOUNT CASH NON -CASH Change in Accounting Estimates 7.73 - 7.73 Stocktake adjustments 3.06 - 3.06 JMS write-off 1.12 - 1.12 Branch closures 0.97 0.20 0.77 Restructuring costs 0.94 0.94 - ERP implementation 0.73 0.73 - Strategic review 0.50 0.50 - HRIS project 0.40 0.40 - Other 0.37 0.37 - Steelmasters acquisition costs 0.25 0.25 - Gain on lease termination (0.36) - (0.36) Total 15.71 3.39 12.32 • Change in accounting estimates ($7.7m)- historical write offs identified through a comprehensive balance sheet review, undertaken by new management to strengthen the accuracy and integrity of the Group's financial position. Entirely non-cash. • Stocktake Adjustments ($3.1m)– arising from a comprehensive inventory review conducted through 2H FY26. Provides a clean base from which to operate more efficiently and tighten inventory control going forward. • JMS Write off – Job management system write off previously capitalised as part of the ERP upgrade program. Looking ahead to FY27 • Significant items expected to reduce materially with the balance sheet review and ERP upgrade now substantially complete.
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S E C T I O N 0 4 Outlook Market drivers, FY27 priorities, capital allocation and the catalysts we expect to report against at each trading update.
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Market drivers A modest economic backdrop with clear pockets of strength across core markets MINING & RESOURCES Resilient Mining volumes holdingup, capex constrained on easing earnings. Engineering and maintenance remains in high demand supporting Fluid Systems & Konnect Australia BUILDING, CONSTRUCTION & INFRASTRUCTURE Momentum Strength in multi-residential and warehouse construction with a significant public infrastructure pipeline in Australia. Momentum building in New Zealand led by multi- unit and medium density residential construction and a government backed transport and water infrastructure pipeline supporting Trade Distribution Australia & New Zealand RENEWABLE ENERGY & STRUCTURAL FABRICATION Standout growth sector in Australia and New Zealand with an accelerating multi-decade pipeline supporting Trade Distribution Strong FY26 Full Year Results · ASX:CYG 22 / 31
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FY27 strategic priorities 01 Sustainable EBITDA growth – through margin led revenue growth and disciplined cost management 02 EBITDA to cash conversion – with tight working capital settings and inventory controls 03 Debt reduction – by applying cash to reduce debt and restoring leverage to be comfortably within covenant range. 04 Revenue and market share growth - supported by strong active markets using existing business resources & branch network infrastructure 05 Simplified andIntegrated operations – continue to reduce operating costs and improve operational efficiency 06 FY26 Full Year Results · ASX:CYG 23 / 31 Profit margin improvement – with an aligned supply chain and structured, tiered & controlled market prices
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Strategic review 01 Strategic review announced in January 2026 remains ongoing. EXCEEDED 02 The group has received non-binding indicative offers for individual divisions. Some of these offers exceed the group's current market capitalisation. All offers received were subject to conditions. EXCEEDED 03 In assessing these indicative offers, the Board considered the group's improving profitability and the position of the residual group. On that basis the Board determined the offers did not reflect its view of the value of the group. 04 The Board continues to engage with interested parties and will update the market in line with its disclosure obligations. There is no certainty any transaction will eventuate. FY26 Full Year Results · ASX:CYG 24 / 31
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Capital allocation FY27 capital allocation is directed at the balance sheet - split broadly evenly between working capital investment and debt reduction - with capital expenditure held below $3m. ALLOCATION OF FY27 CASH FLOW Balance sheet ~100% of free cash flow after capex ~50% · Working capital Funding profitable revenue growth at improved stock turns ~50% · Debt reduction Continued deleveraging; building covenant headroom Capital expenditure Held below $3m for FY27 ~50% Maintenance Safety, fleet and facilities ~50% Growth Branch capability, targeted opportunities F R A M E W O R K P R I N C I P L E S Capital allocation framework is directional, subject to trading conditions, banking arrangements and the outcome of the strat egic review. Not guidance. FY26 Full Year Results · ASX:CYG 25 / 31 Balance sheet first. Focus on directing free cash flow to improve balance sheet health and reduce leverage. Working capital allocation. Further trade payables reductions planned for FY27. Inventory expected to be held broadly flat on increased sales. Capex discipline. ERP and major new sites or relocations now complete. Key focus to control CAPEX and keep FY27 spend below $3m. Review annually. The framework will be reassessed as leverage normalises and the strategic review concludes.
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Medium-term objective E B I T D A M A R G I N 10%+ From 2.5% in FY26 toward the exit run- rate level and beyond C A S H C O N V E R S I O N 80%+ Of EBITDA converting to free cash flow G R O S S L E V E R A G E <2.0x Sustained comfortably inside covenant with headroom to absorb cyclical nature of some parts of the business FY26 Full Year Results · ASX:CYG 26 / 31 These medium -term objectives are directional and aspirational only. They are not forecasts, projections or guidance, do not cons titute undertakings, and are subject to trading conditions, the outcome of the Board -led strategic review and other risks and un certainties.
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FY27 July trading update Positive start to FY27 with on target sales revenue and EBITDA in July and building momentum in August REVENUE ² - C o n s t a n t C u r r e n c y $34.4m +1.3% vs July 25 EBIT DA¹ $2.1m +79.3% on July 25 ¹ Unaudited EBITDA before significant items, excluding AASB 16 — non-IFRS measure. ² Revenue and EBITDA are unaudited and presen ted on a constant currency basis for NZD conversion; see appendix for further detail. FY26 Full Year Results · ASX:CYG 27 / 31
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S E C T I O N 0 5 Appendices Definitions of the non-IFRS measures used in this presentation.
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Adjusted EBITDA to statutory results Reconciliation of the adjusted EBITDA measure used by management to reported statutory EBITDA and statutory net profit/(loss)after tax, under Australian Accounting Standards. ADJUSTED EBITDA TO STATUTORY EBITDA Adjusted EBITDA is a non -IFRS measure and has not been audited. Management uses it to assess underlying trading performance on a basis consistent with the cash cost of leases. FY26 Full Year Results · ASX:CYG 29 / 31 $M FY26 Adjusted EBITDA (pre-AASB 16, pre-significant items) 9.4 Significant items recognised above EBITDA (14.1) Add back operating lease costs (AASB 16) 22.1 Foreign exchange impact (0.2) Statutory EBITDA 17.2 ADJUSTED EBITDA TO STATUTORY NPAT $M FY26 Adjusted EBITDA (pre-AASB 16, pre-significant items) 9.4 Depreciation & amortisation (5.6) Underlying EBIT 3.8 Significant items (15.7) Net financing expense and foreign exchange gain/loss (4.1) Income tax benefit 2.1 Impact of AASB 16 leases (1.3) Statutory net profit/(loss) after tax (15.2)
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Non-IFRS measures and definitions These measures are not defined under Australian Accounting Standards or IFRS and have not been audited or reviewed. They shou ld not be considered in isolation from, or as a substitute for, the equivalent IFRS measures. FY26 Full Year Results · ASX:CYG 30 / 31 EBITDA (before significant items) Earnings before interest, tax, depreciation and amortisation, excluding significant items and the impact of AASB 16 — Leases. Used by management to assess underlying trading performance. Constant currency Restates the Group’s New Zealand results at the prior corresponding period’s average NZD/AUD exchange rate to remove the effect of currency translation. Applied to revenue and Adjusted EBITDA unless otherwise stated; equivalent statutory (actual exchange rate) measures are disclosed where relevant. EBIT (before significant items) EBITDA less depreciation and amortisation, before significant items. Significant items Items management considers outside the normal course of trading - including restructuring, branch closures, ERP implementation, and accounting estimate changes - disclosed separately for transparency. Gross leverage Gross debt divided by trailing 12-month EBITDA (before significant items, excluding AASB 16), consistent with the calculation under the Group's banking facility.
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Disclaimer Reliance on third-party information The information and views expressed in this presentation were prepared by Coventry Group Ltd (the Company) and may contain information derived from publicly available sources that has not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information. No responsibility or liability is accepted for any errors, misstatements in, or omissions from, this presentation. Presentation is a summary only This presentation is information in summary form only and does not purport to be complete. It should be read in conjunction with the Company’s Annual Report for the year ended 30 June 2026. Any information or opinions expressed in this presentation are subject to change without notice and the Company is under no obligation to update or keep current the information contained within this presentation. Not investment advice This presentation is not intended and should not be considered to be the giving of investment advice by the Company or any ofits shareholders, directors, officers, agents, employees or advisers. The information provided has been prepared without taking into account the recipient’s investment objectives, financial circumstances or particular needs. Each recipient must make its own independent assessment of the Company and should seek its own professional advice before making any investment decision. No offer of securities Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell Company securities in any jurisdiction. Non-IFRS financial information Coventry uses certain measures to manage and report on its business that are not recognised under Australian Accounting Standards, including Adjusted EBITDA, Underlying EBIT, Net Tangible Assets and Net Debt. These are collectively referred to as non-IFRS financial measures and have not been audited or reviewed. Unless otherwise stated, revenue and Adjusted EBITDA are presented on a constant currency basis, which restates the Group’s New Zealand results at the prior corresponding period’s average NZD/AUD exchange rate to remove the effect of currency translation; equivalent statutory (actual exchange rate) measures are disclosed where relevant.Although Coventry believes these measures provide useful information about the financial performance of the Group, they should be considered supplemental to, and not a replacement for, the measures calculated in accordance with Australian Accounting Standards. Forward-looking statements This presentation may include forward-looking statements. Although the Company believes the expectations expressed in such forward- looking statements are based on reasonable assumptions, these statements are not guarantees or predictions of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s control. As a result, actual results or developments may differ materially from those expressed in the statements contained in this presentation. Investors are cautioned that statements contained in this presentation are not guarantees or projections of future performance and actual results or developments may differ materially from those projected. No liability To the maximum extent permitted by law, neither the Company nor its related bodies corporate, directors, employees or agents,nor any other person, accepts any liability, including without limitation any liability arising from fault or negligence, for any direct, indirect or consequential loss arising from the use of this presentation or its contents or otherwise arising in connection with it. For further information, please contact: Nik Alpert Managing Director & Chief Executive Officer Coventry Group Ltd · (03) 9205 8219 Authorised for release by the Board of Directors of Coventry Group Limited. This presentation should be read in conjunction with the Company’s Annual Report for the year ended 30 June 2026 and other an nouncements lodged with the ASX. FY26 Full Year Results · ASX:CYG 31 / 31