Trading update – AGM

1. At actual exchange rates total Kathmandu sales growth +8.3%. Kathmandu same store sales growth +6.2%
2. Average conversion rates year-to-date NZD/AUD 0.915 (FY18 0.913) NZD/GBP 0.510 (FY18 0.545), NZD/USD 0.660

KATHMANDU HOLDINGS LIMITED
ASX/NZX/MEDIA ANNOUNCEMENT
23 NOVEMBER 2018
TRADING UPDATE

Kathmandu Holdings Limited (ASX and NZX Code: KMD) today provides an update on sales
performance for FY2019.

KATHMANDU
Sales for the 15 full weeks to 11 November 2018:
 Kathmandu total sales growth +8.4% at constant exchange rates
*1
(excluding Oboz);
 Kathmandu same store sales growth +6.3% at constant exchange rates;
*1

 Same store sales growth by country: Australia +7.1%, New Zealand +5.2%.


OBOZ
For the first quarter of FY2019:
 Oboz sales NZD $15.7m at a gross margin of 39.8%;
 Remain on track to achieve the US$7.1m EBITDA earn-out target for the 2018 calendar
year.

Kathmandu’s Chief Executive Office Xavier Simonet said “we have seen continuing demand for
core Kathmandu products, following on from a successful winter last year. We are also pleased
with the continuing strong performance of Oboz and integration into the Kathmandu Group.”

Mr Simonet added “we have achieved good sales growth leading into the key Christmas trading
period, and we expect first half profit to be strongly above last year. However, as always our
first half-year result is highly dependent on the success of our Summer Sale.”

ENDS

Media:
Helen McCombie
Citadel-MAGNUS
Tel: + 61 2 8234 0103
Investors:
Reuben Casey
Chief Operating and Financial Officer
Tel: +64 3 968 6166