Slides
Page 1
ParagonCare - FY26 Results • Annual Financial Investor Presentation ParagonCare Limited - ASX PGC Results Year Ended 30 June 2026
Page 2
ParagonCare - FY26 Results Acknowledgement of Country and Traditional Owners ParagonCare acknowledges the Traditional Owners of the country in which our headquarters are located, in Australia. We recognise the continuing connection to lands, waters and communities and pay our respects to Aboriginal and Torres Strait Islander cultures and their Elders past and present
Page 3
ParagonCare - FY26 Results Carmen Riley Presenters Chief Executive Officer Brendon Pentland Chief Financial Officer
Page 4
ParagonCare - FY26 Results FY26 HIGHLIGHTS Revenue and Underlying Earnings Growth Revenue $3.7 billion Up +1.8% on pcp EBITDA ^ $97.2 million Up +2.1% on pcp Net Profit After Tax ^ $26.0 million Down (13.6%) on pcp $3.7 billion Up +1.8% on pcp $50.8 million Down (42.6%) on pcp $(16.0) million Down (177.9%) on pcp Revenue EBITDA Net Loss After Tax ^ FY26 Underlying EBITDA & NPAT excludes items that are significant in size or nature and do not represent the underlying operating performance of the Group. Refer to slide 11 for the reconciliation between statutory and underlying earnings. FY26 Underlying^ FY26 Statutory 4 Amounts included throughout this document have not been subject to an audit or review by the external auditors of the Group.
Page 5
ParagonCare - FY26 Results FY26 FINANCIAL PERFORMANCE – STRATEGIC TRANSFORMATION 1 FY26 Underlying EBITDA & NPAT excludes items that are significant in size or nature and do not represent the underlying operating performance of the Group. Refer slide 11. 2 Net debt calculation includes last twelve months of earnings from entities acquired in the year Completion of 3-2-1 Strategy FY26 Guidance $3.7 billion Revenue Up +1.8% on pcp Underlying NPAT1 $26.0 million Down (13.6%) on pcp Underlying EBITDA1 $97.2 million Up +2.1% on pcp Underlying Net Debt2 2.5x Cash balance $23.7 million Up +16.5% on pcp $3.7 billion Revenue $95 to $100 million Underlying EBITDA1 2 to 2.5x Net Debt2 • Successfully completed 3-2-1 integration strategy, including synergy realisation • Aligned AUS operations onto ERP (JDE) platform streamlined shared services • New Brisbane warehouse completion with integrated automation technology and tier 1 WMS • Commenced 5-year Australian Defence Force supply contract • Delivered forecast synergies; with investment in value-added functions • Efficient financing arrangements in place • Asian business growth advanced and operations expanded through acquisitions • Offshore offices expanded to over 100 team members supporting ANZ • Full Leadership Team in place • Seamless leadership transition with Carmen Riley as CEO & MD 3 2 1 Three Businesses Two Years One Team Recap 5 ParagonCare - FY26 Results
Page 6
ParagonCare - FY26 Results CAPITAL ALLOCATION AND RETURNS Major capital allocation * ROIC is calculated based on annualised acquisition results $51.4 million Acquisitions Investment in earnings accretive acquisitions Capex investment in new Willawong DC, including Manhatton WMS and Automation IT Capability investment Interest expenses align with synergy, increase due to acquisitions and higher interest rates $31.6 million Net Capex $35.2 million Interest ROIC* 14.6% Up +1.4% on pcp Excluding deferred contingent consideration, NWC at 30 June 2026 was $116.3 million v. $126.0 million pcp. $126.0 ($46.4) $62.9 $5.1 $147.6 $9.0 ($58.3) ($4.2) $94.1 $22.2 $116.3 FY25 Infinity (net GST) 1H Ops M&A net Def Con 1HFY26 Infinity (net GST) 2H Ops M&A net Def Con 2HFY26 Def Con 2HFY26 (excl. Def … - $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 $160.0 $180.0 Working Capital Bridge 6
Page 7
ParagonCare - FY26 Results SALES CHANNEL HIGHLIGHTS Wholesale Medical Technology Clinical Manufacturing • Trusted independent healthcare wholesaler throughout Australia • Partnerships include over 1,000 wholesale suppliers, 100+ brands, and a robust portfolio of more than 65,000 products • Ongoing expansion of our Vantage program, which supports a growing network of independent pharmacies nationally, providing a low-cost wholesale solution and a one-stop platform for managing pharmacy operations • Broaden ParagonCare Australia's portfolio and strengthen its position in the medical aesthetics market • Expand the Medical Devices portfolio and entered new markets in FY26, strengthening market position and building a strong future growth pipeline • Integrated capability and service offer over a unique portfolio of medical device products • IVD manufacturing, contract manufacturing, private label and diagnostic solutions across Australia, New Zealand and Asia-Pacific • Launched the first international contract with exports starting to Japan with expanded volumes and established a scalable platform for future Asia- Pacific growth • Strong pipeline of new products and customers Low single – digit* • Normalised revenue growth 1.5%^ vs pcp • Commencement of 5-year Australian Defence Force supply contract Double – digit • Revenue growth 21.4% vs pcp Outperform • Revenue and margin growth of 47% and 52.2% respectively Double – digit • Revenue growth 16.4% vs pcp ^ Calculated by excluding impacts of Infinity, and Ramsay revenue Contract Logistics • Trusted healthcare supply chain partner for pharmaceutical, medical device and healthcare companies across Australia, Asia and soon to be New Zealand • Combine integrated outsourced supply chain capabilities with ParagonCare’s established healthcare wholesale and distribution network to deliver scalable end-to-end solutions that improve efficiency, service levels and commercial outcomes while reducing complexity 7
Page 8
ParagonCare - FY26 Results Financial Performance
Page 9
ParagonCare - FY26 Results FY26 FINANCIAL RESULT Delivered revenue and underlying earnings growth Revenue • Group revenue growth before normalisations (refer Revenue Bridge slide 14) up 1.8% v. pcp • Normalised revenue growth was 6.7%, driven largely by ANZ Wholesale and Contract Logistics channels, and Asia Med Tech • Robust organic revenue growth (after normalisations) at 6.7% v. pcp • Acquisitions in ANZ and Asia regions to broaden product range, customer reach and capability offer • Unfavorable impact on foreign currency translation (refer Revenue Bridge slide 14) Underlying EBITDA – 2.1% growth v. pcp • Excludes impact of Infinity Group debt provision, restructuring & integration costs, M&A costs, executive AASB2 fair value of integration period share-based payment, and foreign currency remeasurements • Strong growth in Asia segment • Contribution from acquired businesses • Exit of Ramsay contract with no margin impact • Unfavorable impact on foreign currency translation (refer EBITDA Bridge slide 15) Underlying Result - $m FY26 FY25 Var $ Var % Revenue 3,680.5 3,613.9 66.6 1.8% EBITDA 97.2 95.2 2.0 2.1% Depreciation & Amortisation 27.2 23.1 4.1 17.9% EBIT 70.0 72.1 (2.1) (3.0%) Finance Costs 34.3 33.1 1.2 3.6% Profit Before Tax 35.7 39.0 (3.3) (8.6%) Net Profit After Tax 26.0 30.1* (4.1) (13.6%) EBITDA margin 2.64% 2.63% - - Net Debt (vs June 25) 284.1 216.4 67.7 31.3% Net Debt: EBITDA (Proforma^ LTM) 2.5x 2.3x 0.2x 10.0% EPS (Underlying) 1.6 1.8 (0.2) (13.6%) Statutory Results - $m FY26 FY25 Var $ Var % Revenue 3,680.5 3,613.9 66.6 1.8% EBITDA 50.8 88.5 (37.7) (42.6%) EBIT 13.5 58.6 (45.1) (76.9%) Profit Before Tax (21.7) 25.5 (47.2) (185.0%) Net Profit After Tax (16.0) 20.6 (36.6) (177.9%) EPS (0.97) 1.24 (2.21) (177.9%) Non-IFRS and underlying numbers not subject to audit or review by external auditors. * Restated on finalization of PGC / CH2 PPA adjustments in FY25. ^ Includes last twelve months EBITDA of acquired businesses. Figures are rounded to the nearest $0.1m; totals and variances may differ due to rounding. 9
Page 10
ParagonCare - FY26 Results FY26 FINANCIAL RESULT Delivered revenue and underlying earnings growth Expenses • Operating costs were impacted by higher freight charges and offsite storage with the delay of the Brisbane DC, opened June 2026 • Strategic increase in marketing investment across the Group to foster longer term growth opportunities • Infinity debt – ECL provision $38.0 million Statutory EBITDA • Statutory EBITDA includes Infinity Group debt ECL provision, integration & restructuring costs, executive AASB2 fair value of integration period share-based payment, M&A activity costs and FX measurements. These items have excluded from Underlying earnings Net Debt • Net debt / Underlying EBITDA in line with expectations at 2.5x • New debt facilities in NZ and Asia to finance acquisitions Non-IFRS and underlying numbers not subject to audit or review by external auditors. * Restated on finalization of PGC / CH2 PPA adjustments in FY25. ^ Includes last twelve months EBITDA of acquired businesses. Figures are rounded to the nearest $0.1m; totals and variances may differ due to rounding. 10 Underlying Result - $m FY26 FY25 Var $ Var % Revenue 3,680.5 3,613.9 66.6 1.8% EBITDA 97.2 95.2 2.0 2.1% Depreciation & Amortisation 27.2 23.1 4.1 17.9% EBIT 70.0 72.1 (2.1) (3.0%) Finance Costs 34.3 33.1 1.2 3.6% Profit Before Tax 35.7 39.0 (3.3) (8.6%) Net Profit After Tax 26.0 30.1* (4.1) (13.6%) EBITDA margin 2.64% 2.63% - - Net Debt (vs June 25) 284.1 216.4 67.7 31.3% Net Debt: EBITDA (Proforma^ LTM) 2.5x 2.3x 0.2x 10.0% EPS (Underlying) 1.6 1.8 (0.2) (13.6%) Statutory Results - $m FY26 FY25 Var $ Var % Revenue 3,680.5 3,613.9 66.6 1.8% EBITDA 50.8 88.5 (37.7) (42.6%) EBIT 13.5 58.6 (45.1) (76.9%) Profit Before Tax (21.7) 25.5 (47.2) (185.0%) Net Profit After Tax (16.0) 20.6 (36.6) (177.9%) EPS (0.97) 1.24 (2.21) (177.9%)
Page 11
ParagonCare - FY26 Results STATUTORY TO UNDERLYING EARNINGS RECONCILIATION FY26 Item FY26 EBITDA EBIT PBT NPAT Statutory 50.8 13.5 (21.7) (16.0) Adjusted for items identified as excluded from underlying earnings: Provision for Infinity debt, net of GST recovered1 34.9 34.9 34.9 24.4 Mergers & acquisitions and related costs2 4.7 4.7 4.7 4.2 Restructuring & integration costs3 6.4 6.4 6.4 4.7 Share based payments4 1.9 1.9 1.9 1.9 FX hedges and other currency measurements5 (1.6) (1.6) (1.6) (1.1) Depreciation & amortisation of fair valued acquired intangibles assets6 - 10.1 10.1 7.1 Interest charge on unwinding of deferred consideration - - 0.9 0.9 Underlying7 97.2 70.0 35.7 26.0 Delivering Underlying Earnings Growth 1 Includes the lifetime expected credit loss expense of $34.9 million recognised for Infinity Group balances net of recoverable GST of $3.1 million. 2 Includes external consultants and professional adviser costs plus dedicated internal resources for M&A activity only. 3 Staff redundancy costs & salaries and wages of exited roles as part of merger integration activity. 4 Share based payment valued in accordance with AASB2 (performance rights valued at $0.50 each). 5 Unrealised (gain)/loss on FX hedges and other currency remeasurements. 6 Amortisation of fair valued intangible assets recognised as part of business combination accounting. 7 Due to rounding, individual figures may not sum to the corresponding totals. 11
Page 12
ParagonCare - FY26 Results FY26 BALANCE SHEET NWC discipline & controlled leverage support targeted M&A Net Working Capital • Receivables lower due to Infinity ECL and partly offset by acquisitions • Inventory increase driven by acquisitions $25.3 million, cost increases and year- end inventory impacted by supplier builds due to the international shipping uncertainty • Trade payables managed in line with prior year despite acquired entities in the year and increased business activity • Other current liabilities/assets movement is due to recognition of deferred contingent consideration relating to acquired businesses and tax refund received in the period. Refer NWC bridge – slide 6 • Excluding deferred contingent consideration, NWC at 30 June 2026 was $116.3 million (30 June 2025: $126.0 million) Funds Employed • Fixed asset balance at year-end includes investment in new Brisbane Distribution Centre $15.7 million plus acquired businesses $4.9 million • Goodwill on acquired entities in the period (other than AHP & Fisher Biotec) has been provisionally recognized pending finalization of business combination accounting in FY27 • Debt includes ScotPac facility $281.0 million, other bank loan facilities $25.3 million and hire purchase facility $1.5 million • Net debt / EBITDA (Proforma)* is 2.5x * Proforma EBIT includes last 12 months underlying earnings of businesses acquired in each respective period. + Per FY25 Annual Report. $m FY26 FY25+ Var $ Var % Receivables 370.7 401.5 (30.8) (7.7%) Inventory 342.1 282.5 59.6 21.1% Trade payables (601.1) (575.8) (25.3) 4.4% Other current assets/liabilities (17.6) 17.7 (35.3) (199.6%) Net Working Capital 94.1 126.0 (31.8) (25.3%) Fixed Assets 56.1 32.9 23.2 70.8% Other long-term assets/liabilities (20.0) (8.1) (11.9) 147.7% Goodwill and intangibles 449.7 395.5 54.2 13.7% Funds Employed 579.9 546.2 33.7 6.2% Cash 23.7 20.3 3.4 16.5% Debt (307.7) (236.7) (71.0) 30.0% Equity 295.9 329.8 (33.9) (10.3%) ROIC (Underlying EBIT) (Proforma*) 14.6% 13.2% 1.4% ROE (Underlying EBIT) (Proforma*) 28.6% 21.9% 6.7% Net Debt / EBITDA (Proforma*) 2.5 2.3 0.2 10.3% Figures are rounded to the nearest $0.1m; totals and variances may differ due to rounding. 12
Page 13
ParagonCare - FY26 Results FY26 CASH FLOW Strong cash generation, disciplined debt-funded M&A $m FY26 FY25+ Var $ Var % Cash flows from operations 65.8 34.7 31.1 89.4% Net interest paid (34.4) (33.2) (1.2) 3.6% Tax paid (2.3) (15.0) 12.6 (84.3%) Net cash from/(used in) operating activities 29.1 (13.4) 42.5 316.7% Net capital expenditure (31.6) (16.2) (15.4) 95.5% Business acquisitions (inc. acquired intangible assets) (51.4) (0.5) (50.9) 11,004.1% Net proceeds from financing activities 59.4 29.2 30.3 103.8% Net increase/(decrease) in cash 5.5 (0.9) 6.4 702.2% Cash at the beginning of the period 20.3 19.9 0.4 1.9% FX movement (2.1) 1.3 (3.4) (264.7%) Cash at the end of the period 23.7 20.3 3.3 16.5% Commentary Operating Activities • Cash flows from operations $65.8 million, up 89.4% on pcp • Net cash from operating activities of $29.1 million represents a 317% improvement on pcp • FY25 corporate tax refund $7.3 million Investing & Financing Activities • Capital expenditure included investment in new-build Brisbane DC of $15.7 million; and PP&E $13.5 million • Borrowings from new finance facilities in the year used for business acquisitions was $24.0 million • Net cash from operations and new finance facilities fund acquisitions + Per FY25 Annual Report. Figures are rounded to the nearest $0.1m; totals and variances may differ due to rounding. 13
Page 14
ParagonCare - FY26 Results FY26 REVENUE BRIDGE Normalised Revenue • Group revenue growth, before normalisations (Infinity Group sales, Ramsay exit and FX impact), was 1.8% v. pcp • Adjusted for normalisations, Group revenue growth was 6.7% v. pcp • Organic revenue growth of $229.9 million or 6.7% after normalisations • Ramsay exit impact was ($81.6m) v. pcp revenue • Revenue contribution of $61.3m from acquired businesses • Strong AUD impact of ($23.1m) on translation v. FY25 average rates Strong normalised revenue growth 14 $3,613.9 ($114.3) ($81.6) ($84.7) $79.1 $61.3 ($23.1) $229.9 $3,680.5 FY25 Revenue Infinity Group Sales Ramsay Exit Covid-19 Drugs GLP-1 Drugs Growth Acquisitions FX Impact Organic Growth FY26 Revenue $3,000.0 $3,100.0 $3,200.0 $3,300.0 $3,400.0 $3,500.0 $3,600.0 $3,700.0 Revenue Bridge
Page 15
ParagonCare - FY26 Results FY26 EBITDA Underlying EBITDA • Group EBITDA growth, before normalisations, was 2.1% v. pcp • Normalised Group EBITDA growth was 7.4% v. pcp after adjusting for the impact of Infinity Group, FY26 acquisitions, fuel & off-site storage costs, and FX • Organic growth of $6.3m or 6.8% on FY25 normalised EBITDA • EBITDA contribution of $8.6m from acquired businesses • Strong AUD impact was ($3.8m) on translation versus FY25 average rates • Elevated fuel cost due to surcharge spike • Off-site storage costs contributed by the delayed opening of the new Brisbane DC • Synergies – contributed $5.3m • Growth investment included advertising & marketing and IT systems to support operating efficiency • Ramsay contract exit with minimal EBITDA impact Normalised EBITDA growth well ahead of headline 15 $95.2 ($3.0) $6.3 $8.6 ($3.8) ($7.2) ($4.2) $5.3 $97.2 $70.0 $75.0 $80.0 $85.0 $90.0 $95.0 $100.0 $105.0 $110.0 EBITDA Bridge
Page 16
ParagonCare - FY26 Results Australia and New Zealand
Page 17
ParagonCare - FY26 Results AUSTRALIA & NEW ZEALAND SEGMENT OVERVIEW Normalised revenue growth despite Infinity Group & Ramsay exits Normalised revenue growth despite challenges: • Reported ANZ total revenue growth of 0.2% was pleasing despite the loss of Infinity Group and exit of Ramsay contract revenues • Adjusting for these impacts, normalised revenue growth was 6.1% • Normalised Wholesale revenue was 1.5% v. pcp which is a testament to the robustness of this channel • Med Tech markets were solid in medical devices but faced challenging market conditions in orthopaedics and vision. The NZ business remained robust but negatively impacted by FX movement back to AUD ($7.6) million • Contract Logistics revenues were bolstered by both increased volume with existing customers and new customer wins • Clinical Manufacturing posted double-digit revenue growth from increased volumes with existing customers and contribution from acquired business (Fisher Biotec) Revenue $m FY26 FY25 Var $ Var % Wholesale 2,825.4 2,979.0 (153.6) (5.2%) Medical Technology 168.9 169.7 (0.9) (0.5%) Contract Logistics 493.5 335.8 157.7 47.0% Clinical Manufacturing 32.7 28.1 4.6 16.4% ANZ Total Revenue 3,520.4 3,512.6 7.8 0.2% Margin $m FY26 FY25 Var $ Var % Wholesale 177.6 180.0 (2.4) (1.3%) Medical Technology 66.0 70.5 (4.5) (6.4%) Contract Logistics 21.4 14.1 7.3 52.2% Clinical Manufacturing 15.1 12.5 2.6 21.2% ANZ Total Margin 280.1 277.0 3.1 1.1% Figures are rounded to the nearest $0.1m; totals and variances may differ due to rounding. FY25 revenue and margin restated to align with FY26 Business Unit structure 17
Page 18
ParagonCare - FY26 Results AUSTRALIA & NEW ZEALAND SEGMENT OVERVIEW Margin holds firm despite challenges Margin improvement in three of four channels: • ANZ segment margin held steady at 8.0% • Wholesale margin grew to 6.3% from 6.0% pcp due to exit of low margin businesses and focus on higher margin categories • Med Tech margin at 39.1% was marginally lower than pcp of 41.5% due to market expansion strategies and FX movement back to AUD ($2.4) million • Contract Logistics revenue growth was gained at a higher margin of 4.3%, an increase of 0.1% on pcp • Clinical Manufacturing margin of 46.4% increased from 44.5% due to mix and operating cost efficiency Figures are rounded to the nearest $0.1m; totals and variances may differ due to rounding. FY25 revenue and margin restated to align with FY26 Business Unit structure 18 Revenue $m FY26 FY25 Var $ Var % Wholesale 2,825.4 2,979.0 (153.6) (5.2%) Medical Technology 168.9 169.7 (0.9) (0.5%) Contract Logistics 493.5 335.8 157.7 47.0% Clinical Manufacturing 32.7 28.1 4.6 16.4% ANZ Total Revenue 3,520.4 3,512.6 7.8 0.2% Margin $m FY26 FY25 Var $ Var % Wholesale 177.6 180.0 (2.4) (1.3%) Medical Technology 66.0 70.5 (4.5) (6.4%) Contract Logistics 21.4 14.1 7.3 52.2% Clinical Manufacturing 15.1 12.5 2.6 21.2% ANZ Total Margin 280.1 277.0 3.1 1.1%
Page 19
ParagonCare - FY26 Results Asia
Page 20
ParagonCare - FY26 Results ASIA SEGMENT OVERVIEW Strong organic & acquisitive growth broadens the margin base Strong organic & acquisition revenue growth: • Revenue growth $58.8m v. pcp comprises $45.4m from acquisitions and $13.3m organic growth, despite a $15.5m adverse FX translation impact • Organic revenue growth represents 13.2% increase on pcp • Thailand aesthetics business continues to perform strongly • Margin contribution increased by $20.4m v. pcp (+43.4%), despite a $6.1m adverse FX translation impact • Margin at 42.1% v. 46.4% - due to diversification of products and geographies • Regional footprint and management focus to cross-sell across territories and grow supplier product portfolio • Expansion of multi-disciplinary shared services function and establishment of regional management team Revenue $m FY26 FY25 Var $ Var % Medical Technology 160.1 101.3 58.8 58.0% Asia Total Revenue 160.1 101.3 58.8 58.0% Margin $m FY26 FY25 Var $ Var % Medical Technology 67.3 47.0 20.4 43.4% Asia Total Margin 67.3 47.0 20.4 43.4% Figures are rounded to the nearest $0.1m; totals and variances may differ due to rounding. 20
Page 21
ParagonCare - FY26 Results Acquisitions
Page 22
ParagonCare - FY26 Results AHP – acquired July 2025 Fisher Biotec – Acquired February 2026 Haju Medical – acquired April 2026 Pacific Medical – acquired February 2026 Presidental – Acquired April 2026 Presidental supplies a range of leading dental & veterinary equipment, and associated consumables plus an installation & maintenance service team covering the product lifecycle. It allows us to offer our customers a complete Dental consumable, equipment and service provider offer when combined with our AHP Dental acquisition and organic dental roll out. The team will be crossed trained into our Imaging Capital service business. Haju supplies a wide range of leading aesthetics brands in Indonesia and distributes a range of over 40 key products from 20 key brands to a broad and diversified customer base of 4,000+. This strategic acquisition accelerates our creation of a complete Asian footprint to service OEM manufacturers across the entire APAC region. PMC provides the Group access to Hong Kong and Macau and will expand operations into Australia in FY27 through its existing and new supplier relationships. Fisher Biotec is a distributor of leading-edge products for Molecular Biology, Life Science Research, Genomics and Proteomics Research. Established in 1997 and based in Perth, Fisher has built lasting relationships by delivering exceptional service and providing cutting-edge lab equipment to laboratories across Australia. It is included in our Clinic Manufacturing channel and complements the LabGear product range. AHP was acquired to broaden PGC’s product offer and customer reach in the dental division and secure regional supplier relationships. AHP is included in our Wholesale business unit, along with Presidental. ACQUISITIONS OVERVIEW Completed acquisitions contribute to FY26 growth in line with Asia expansion strategy Somnotec – Acquired December 2025 Somnotec is a distributor of leading-edge medical devices & technology in SE Asia. Headquartered in Singapore with subsidiaries in Malaysia, Indonesia and Philippines. Somnotec has been serving the healthcare community for over two decades and aims to be a key distributor of leading-edge medical technologies in SE Asia, bringing new and quality treatment possibilities to patients, their families and the medical community. 22
Page 23
ParagonCare - FY26 Results Strategy and Outlook
Page 24
ParagonCare - FY26 Results STRATEGIC OVERVIEW ParagonCare is a leading diversified healthcare distributor and manufacturer across Asia Pacific. We achieve this through a combination of customer focus, our extensive product range, knowledge-based solutions, and “best in class” logistics and technology. 1918 2008 2024 NOW Where it began, supplying Australian healthcare Growth through acquisition begins Clifford Hallam and ParagonCare merge ASX-listed leader across Asia Pacific Our Vision • ParagonCare is easy to do business with • Pharmaceuticals, capital equipment, diagnostics, medical consumable, devices and complementary medicines • Execute daily tasks in a lean and efficient manner to get the job done • Superior technology and data Our Strategy Be a diversified healthcare distributor and manufacturer: • Being the leading independent wholesaler and distributor in the Asia Pacific healthcare market by providing tailored solutions in leveraging our comprehensive range, with a unique combination of Quality, Service and Price being key value drivers for our customers and strategic supplier partners • To be the master franchise holder for Asia Pacific agency arrangements • The best-in-class red cell blood diagnostics manufacturer in Asia Pacific • Specialist Contract Logistics offering into healthcare suppliers with our integrated service model, hub and spoke solutions Making healthcare simpler, smarter and more accessible across Asia Pacific 24
Page 25
ParagonCare - FY26 Results FY27 OUTLOOK One partner for the whole of healthcare Geographic & market expansion • Continue to grow our Asia regional presence • Leverage capability and market opportunities in acquired businesses • Expand aesthetics business in Australia and Asian territories • Strategic M&A opportunities Growth initiatives • Organic growth underpinned by product expansion, service and capability offer • Focus on profitable revenue growth opportunities through expanded market • Enhanced go-to-market strategy with product portfolio offer • Enhanced digital presence and marketing activity • New supplier agreements to deliver innovative healthcare products in market Operational excellence • Strategic review of supply chain network • Invest in technology to improve business efficiency • Shared service support through our Asian offices, off-shoring ANZ administration functions • Focus on working capital improvements Share Buy back • Establishment of an Employee Share Trust and a share buyback program in FY27 Dividend • Will be reviewed as part of half year results 25
Page 26
ParagonCare - FY26 Results Q&A
Page 27
ParagonCare - FY26 Results Appendix
Page 28
ParagonCare - FY26 Results Underlying Result - $m FY26 FY25 Var % FY26 FY25 Var % FY26 FY25 Var % Revenue 1,904.9 1,850.4 2.9% 1,775.6 1,763.5 0.7% 3,680.5 3,613.9 1.8% EBITDA 49.0 47.5 3.2% 48.2 47.7 1.0% 97.2 95.2 2.1% Depreciation & Amortisation 15.3 15.3 - 11.9 7.8 53.1% 27.2 23.1 17.9% EBIT 33.7 32.2 4.7% 36.3 39.9 (9.2%) 70.0 72.1 (3.0%) Finance Costs 15.6 15.3 2.0% 18.7 17.8 5.1% 34.3 33.1 3.6% Profit Before Tax 18.0 16.9 6.5% 17.7 22.1 (20.2%) 35.7 39.0 (8.6%) Net Profit After Tax 13.3 13.2 0.8% 12.7 16.9 (24.8%) 26.0 30.1 (13.6%) EBITDA margin 2.57% 2.57% 2.71% 2.71% 2.64% 2.63% Statutory Results - $m FY26 FY25 Var % FY26 FY25 Var % FY26 FY25 Var % Revenue 1,904.9 1,850.4 2.9% 1,775.6 1,763.5 0.7% 3,680.5 3,613.9 1.8% EBITDA (0.4) 47.5 (100.8%) 51.2 41.0 25.0% 50.8 88.5 (42.6%) EBIT (15.8) 32.2 (149.1%) 29.3 26.4 11.2% 13.5 58.6 (76.9%) Profit Before Tax (31.4) 16.9 (285.8%) 9.7 8.6 13.1% (21.7) 25.5 (185.0%) Net Profit After Tax (21.3) 13.2 (261.4%) 5.3 7.4 (28.8%) (16.0) 20.6 (177.9%) RESULTS BY HALF - GROUP First Half Second Half Full Year Figures are rounded to the nearest $0.1m; totals and variances may differ due to rounding. 28
Page 29
ParagonCare - FY26 Results Revenue - $m FY26 FY25 Var % FY26 FY25 Var % FY26 FY25 Var % Wholesale 1,500.0 1,553.2 (3.4%) 1,325.4 1,425.8 (7.0%) 2,825.4 2,979.0 (5.2%) Medical Technology 86.0 68.8 25.1% 82.8 100.9 (17.9%) 168.9 169.7 (0.5%) Contract Logistics 235.5 160.1 47.1% 258.0 175.7 46.9% 493.5 335.8 47.0% Clinical Manufacturing 13.8 16.1 (14.5%) 18.9 11.9 58.2% 32.7 28.1 16.4% ANZ Total Revenue 1,835.4 1,798.2 2.1% 1,685.1 1,714.4 (1.7%) 3,520.4 3,512.6 0.2% Medical Technology 69.5 52.2 33.2% 90.6 49.1 84.4% 160.1 101.3 58.0% Asia Total Revenue 69.5 52.2 33.2% 90.6 49.1 84.4% 160.1 101.3 58.0% Margin - $m FY26 FY25 Var % FY26 FY25 Var % FY26 FY25 Var % Wholesale 91.3 96.2 (5.1%) 86.3 83.7 3.0% 177.6 180.0 (1.3%) Medical Technology 34.0 29.7 14.4% 32.0 40.8 (21.6%) 66.0 70.5 (6.4%) Contract Logistics 11.1 6.7 64.9% 10.3 7.4 40.5% 21.4 14.1 52.2% Clinical Manufacturing 6.9 7.2 (4.7%) 8.2 5.3 56.9% 15.1 12.5 21.2% ANZ Total Margin 143.3 139.9 2.4% 136.8 137.1 (0.2%) 280.1 277.0 1.1% Medical Technology 30.6 23.6 29.8% 36.7 23.4 57.0% 67.3 47.0 43.4% Asia Total Margin 30.6 23.6 29.8% 36.7 23.4 57.0% 67.3 47.0 43.4% First Half Second Half Full Year RESULTS BY HALF – SEGMENT & CHANNEL Figures are rounded to the nearest $0.1m; totals and variances may differ due to rounding. FY25 revenue and margin restated to align with FY26 Business Unit structure 29
Page 30
ParagonCare - FY26 Results Environment, Social, Governance
Page 31
ParagonCare - FY26 Results SUSTAINABILITY DISCLOSURES Risks and Opportunities Governance Metrics and targets ParagonCare has prepared its first climate-related report, establishing a foundation for future progress. The Group intends to progressively strengthen the monitoring of climate-related risks, considering emerging opportunities and integrate these considerations into strategy and decision-making. The Group has prepared its inaugural climate-related report in accordance with the requirements AASB S2 Climate-related Disclosures Standard. This process involved identifying risks and opportunities, and understanding potential effects on financial performance, operations and long-term prospects. The Board oversees climate-related risks and opportunities as part of its oversight of the Group’s strategy and risk management framework. Climate-related risks and opportunities are being integrated into the Group’s overall risk management framework to support informed decision-making and operational resilience. The Group has measured Scope 1 and 2 emissions. Measurement of Scope 3 emissions is planned for the second year of reporting, in line with mandatory disclosure requirements. Scope 1 and Scope 2 data will inform the assessment of site-level initiatives and help identify higher-consumption sites. This analysis may support targeted energy-efficiency projects managed through ParagonCare’s ISO 14001 Environmental Management System. 31
Page 32
ParagonCare - FY26 Results This document has been prepared by Paragon Care Limited ACN 064 551 426 (ASX: PGC) (ParagonCare or the Company) (Presentation). The material in this Presentation contains general background information about ParagonCare and its current activities as at the date of this Presentation. The information contained in this Presentation is in summary form only and does not purport to be complete or comprise all information which a shareholder or potential investor may require in order to determine whether to deal in ParagonCare shares. This Presentation is for information purposes only and is not an offer or invitation to acquire shares of ParagonCare or intended to be relied upon as advice to investors. Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs, and seek financial, legal and taxation advice appropriate to their jurisdiction. This Presentation should be read in conjunction with the Company’s other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange (ASX), which are available at www.asx.com.au. Due care and consideration should be undertaken when considering and analysing the Company’s financial performance. All references to $ are to Australian dollars, unless otherwise stated. Forward-looking statements This Presentation may contain statements that are, or may be deemed to be, forward-looking statements relating to the operations of ParagonCare. Such statements are based on ParagonCare's own current expectations, estimates and projections about matters relevant to ParagonCare’s future financial performance which may ultimately prove to be materially incorrect. Forward-looking statements can generally be identified by the use of words such as “anticipate”, “estimate”, “expect”, “project”, “intend”, “plan”, “believe”, “target”, “may”, “assume” and other words of similar import that involve risks and uncertainties. References in this Presentation to current assumptions, estimates and outcomes, and forward-looking statements about current assumptions, estimates and outcomes, are based on internal business data and external sources and, by their nature, are subject to a number of known and unknown risks and uncertainties that could cause the actual results, performances and achievements to differ materially from any expected future results, performance or achievements expressed or implied by such forward-looking statements. No assurance or guarantee is, or should be taken to be, given in relation to, and no reliance should be placed on, the future business performance or results of ParagonCare or the likelihood that the current assumptions, estimates or outcomes will be achieved. Any past performance information included in this Presentation is given for illustrative purposes only and should not be relied upon as (and is not) a promise, representation, warranty or guarantee as to the past, present or an indication of future performance. While management has taken every effort to ensure the accuracy of the material in this Presentation, this Presentation is provided for information only and no representation, warranty or assurance (express or implied) are made as to, and no reliance should be placed on, the accuracy or completeness of such information. To the maximum extent permitted by law, ParagonCare, its subsidiaries and its interests in associates and jointly controlled operations and their directors, officers, employees and advisers expressly exclude and disclaim any liability (including, without limitation, any liability arising out of fault or negligence on the part of any person) in respect of anything done or not done, directly or indirectly, in reliance on this Presentation or information contained in the Presentation. This Presentation should not be construed in any manner as a recommendation to any investor or potential investor or other reader of this communication. This Presentation and its content is not intended to be relied upon as a forecast or advice to investors or potential investors and does not take into account an individual investor’s investment objectives or financial situation. You should make your own enquiries and take your own advice in Australia and elsewhere (including financial, taxation and legal advice) before making an investment in ParagonCare’s shares or in making a decision to hold or sell your shares. To the maximum extent permitted by law and subject to any continuing obligation under applicable law or relevant listing rules of the ASX, ParagonCare, its subsidiaries and its interests in associates and jointly controlled operations and their directors, officers, employees and advisers expressly exclude and disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements in these materials to reflect any change in expectations in relation to any forward-looking statements or any change in events, conditions or circumstances on which any statement is based. Nothing in these materials shall under any circumstances create an implication that there has been no change in the affairs of ParagonCare since the date of this Presentation. DISCLAIMER 32
Page 33
ParagonCare - FY26 Results Thank you 33