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Supply Network Limited Annual General Meeting 23 October 2026
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2 Tribute to Harry Forsyth 10 September 1934 – 19 August 2026 Harry’s leadership laid foundations for the steady, profitable growth that has continued to this day.
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4 4 Disclaimer This presentation has been prepared by Supply Network Limited (SNL). The information in this presentation is current as at 23 October 2026. This presentation is not an offer or invitation for subscription or purchase of securities or a recommendation with respect to any security. Information in this presentation should not be considered advice and does not take into account the investment objectives, financial situation or particular needs of an investor. Before making an investment in SNL, any investor should consider whether such an investment is appropriate to their needs, objectives and circumstances and consult with an investment adviser if necessary. Past performance is not a reliable indication of future performance. SNL has prepared this presentation based on information available to it. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information. To the maximum extent permitted by law, neither SNL, its directors, employees or agents, nor any person accepts any liability, including, without limitation, any liability arising from fault or negligence on the part of any of them or any other person, for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it. This presentation may contain forward-looking statements which are subject to a range of risk factors and uncertainties. Whilst the statements are considered to be based on reasonable assumptions, the statements themselves and the assumptions upon which they are based may be affected by a range of circumstances which could cause actual results to differ significantly from the results expressed or implied in these forward-looking statements.
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5 Chairman’s Address Robert Fraser Welcome to our shareholders, trusted business partners and visitors • Key FY26 financial highlights • Network development update • Future expansion • Market dynamics • Safety • Staff • Outlook
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FY26 Performance Highlights 6 Sales revenue increased by 17.2% in the Australian operation and by 12.2% in the New Zealand operation (in NZ $ terms) NPAT $47.6m (FY25: $40.0m) Basic EPS 109.0c (FY25: 92.9c) Total dividends paid 74.0cps (FY25: 65.0cps) Sales revenue $403.1m (FY25: $348.8m) Return on average total equity 31.9% (FY25: 33.2%) EBIT $69.4m (FY25: $58.4m) NPAT margin 11.8% (FY25: 11.4%)
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7 Five-Year Performance Summary 199 252 303 350 404 Total revenue ($m) 30 41 49 58 69 Earnings before interest and tax ($m) 20 27 33 40 48 Profit after income tax ($m) 37 40 37 33 32 Return on average total equity (%) 49 67 79 93 109 Earnings per share (cps) 24 40 51 65 74 Dividends paid (cps)
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• Renewed focus on New Zealand network expansion ➢ new branch opening at Rosedale, North Auckland in March 2026, performing ahead of expectations; ➢ racking expansion at Hamilton distribution centre (DC), completed in June 2026, providing additional capacity; and ➢ major steps towards closer New Zealand – Australia integration of operating systems and personnel. • Australian DC integration ➢ full integration of Pemulwuy (Sydney) and extended Truganina (Melbourne) DCs commissioned in June 2025; ➢ these were critical infrastructure projects, providing flexibility and scalability to support future growth. • Major IT infrastructure upgrades ➢ successful completion of phased development and implementation of major IT system upgrades in Australia and New Zealand including: o transition to a browser based, workflow focused sales interface; o development of new capabilities on warehouse scanning apps; and o transition to a new ERP backbone. ➢ upgrades live in April 2026, removing roadblocks to process improvement. 8 Network Development Update It has been a year of significant infrastructure upgrades
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• Australian network growth initiatives for FY27 and FY28 ➢ Solid progress has been made throughout FY2026 on key projects including: o relocation of Toowoomba branch (Queensland) in October 2026 to a newly developed site, doubling current operating capacity; o tripling of the footprint of Eagle Farm branch (Brisbane) in July 2026, with work now underway to significantly improve our service in the corridor from North Brisbane to the Sunshine Coast; o doubling of the footprint of Canberra branch (ACT) in August 2026, which will improve customer service in the ACT and surrounding regional markets; o relocation of Kwinana branch (WA), scheduled for Q3 FY27, to a newly developed site, almost tripling current capacity and significantly increasing stock investment in the WA network; and o recent purchase of land in Penrith (Sydney) for construction of a new branch to improve services in Sydney’s north-west and relieve congestion at Pemulwuy branch - expected total development cost around $9m – scheduled to open in first quarter FY2028. 9 Future Expansion Preparation for further significant expansion reflects long-term planning focus
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• Network efficiency, the use of information technology, stocking strategies, delivery systems and branch configuration are all vital to maintaining the Company’s service standards. • Selling truck and bus parts sounds simple, however, in practice: ➢ we provide a wide range of services, including parts interpretation based around an extensive in -house catalogue, procurement, supply management and customer problem solving. ➢ outstanding customer service requires experience and sophisticated systems to deliver quality parts. • We rely on our knowledgeable, trained staff and considered, targeted investments in IT, storage and delivery systems. 10 Market Dynamics The strength of our network is reliant on far more than branch expansion The market is competitive and dynamic, but provides opportunities • Current market dynamics are characterised by: ➢ intense competition between heavy vehicle manufacturers; and ➢ continued technological developments such as those driven by emissions reduction and increasing use of electronics . • These market dynamics will present significant opportunities for the Company, provided we continue to adapt and evolve. • The global aftermarket parts industry for truck and bus is estimated to be growing at about 7% p.a. • The OEs have continued losing market share to sophisticated and regionally focused independent suppliers.
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Targeted revenue growth of around $50 million in FY27 • While noting the general slowdown in economic activity, we are happy with progress towards this target. Significant organic growth opportunities remain • Substantial investment in network expansion and IT infrastructure upgrades completed in FY26. • Major Australian network growth initiatives planned for FY27 and FY28. • Continuing favourable market growth and industry trends. • Market dynamic risks also provide substantial opportunities. • We maintain a positive long-term outlook on sustainable organic growth, with plans in place to continue recent sales momentum. On behalf of the Board, we extend our thanks to management and staff for their dedication and effort. We look forward to working with them on another year of opportunity and growth. 11 Outlook
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AGM – Formal Business • Financial reports • Resolution 1 • Resolution 2 • Resolution 3 12
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13 To receive and consider the Financial Report, the Directors’ Report and the Auditor’s Report for the year ended 30 June 2026. Note: This item of business does not require shareholders to vote on a resolution or to adopt the received reports. Financial Reports
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14 To consider and, if thought fit, pass the following resolution as an ordinary resolution: “That for the purposes of section 250(R) of the Corporations Act 2001 and for all other purposes, the Remuneration Report (being the remuneration report of the Company for the financial year ended 30 June 2026) be adopted.” Note: In accordance with section 250R(3) of the Corporations Act 2001, the vote on the Resolution is advisory only and does not bind the Directors or the Company. The Remuneration Report is set out at pages 11 to 17 of the Annual Report Resolution 1 – Remuneration Report
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15 Proxy Results Resolution 1 – Remuneration Report Proxies Number % For 17,690,738 99.35% Open 30,772 0.17% Against 85,662 0.48% Abstain 11,190 -
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16 To consider and, if thought fit, pass the following resolution as an ordinary resolution: “To re-elect Mr Greg J Forsyth as a Director, who retires by rotation in accordance with clause 10.4 of the Company’s Constitution and, being eligible for re-election, has offered himself for re-election.” Resolution 2 - Re-election of Mr Greg J Forsyth as a Director Mr Greg J Forsyth retires by rotation in accordance with clause 10.4 of the Company’s Constitution and, being eligible for re-election, offers himself for re-election. Mr Forsyth was appointed to the Board on 25 January 2006 as a Non-executive Director and was Chairman from 17 March 2010 to 27 November 2024. He is a member of the Audit and Risk and Remuneration Committees. He has over 35 years of experience in financial markets specialising in Australian listed equities.
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17 Proxy Results Resolution 2 - Re-election of Mr Greg J Forsyth as a Director Proxies Number % For 31,392,618 96.00% Open 30,772 0.10% Against 1,276,450 3.90% Abstain 365 -
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18 To consider and, if thought fit, pass the following resolution as an ordinary resolution: “That for the purposes of ASX Listing Rule 10.14 and for all other purposes, approval is given for the Company to issue to Mr Geoffrey D H Stewart (or his nominee) a maximum of 15,000 shares in the Company pursuant to the EIP on the terms and conditions set out in the Explanatory notes to Notice of Annual General Meeting.” Resolution 3 – Approval for issue of shares to Mr Geoffrey D H Stewart This resolution seeks shareholder approval in accordance with ASX Listing Rule 10.14 for the granting of ordinary shares issued under the Supply Network Limited Employee Incentive Plan (EIP) to Mr Geoffrey D H Stewart (or his nominees) (Plan Shares). The maximum number of Plan Shares for which Mr Stewart may apply in respect of the 3-year period comprising the financial years ending 30 June 2027, 2028 and 2029 is 15,000. The Plan Shares do not vest unless the annual performance condition and the service condition are met. Further details, including the information required by ASX Listing Rule 10.15 and a summary of the material terms of the EIP , are set out on pages 4 to 9 of the Notice of Annual General Meeting in the Explanatory Notes section.
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19 Proxy Results Resolution 3 – Approval for issue of shares to Mr Geoffrey D H Stewart Proxies Number % For 31,574,827 98.62% Open 33,272 0.11% Against 407,114 1.27% Abstain 684,992 -
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20 Q&A
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Thank you Contact details: 1 Turnbull Close PO Box 3405 Pemulwuy NSW 2145 Wetherill Park NSW 2164 Ph: +61 2 8624 8077 www.supplynetwork.com.au www.multispares.com.au