NZX Retail Investor Event – Presentation

BREMWORTH LTD
Greg Smith –CEO presentation
NZX Retail Investor Event
18November 2021

Manufacture carpets & rugs
PRODUCT OFFER
Wanganui, Napier & South Auckland
MANUFACTURING FACILITIES
440 staff across Australasia
NO. EMPLOYEES
New Zealand & Australia
MAIN MARKETS
Carpet retail partners & e-commerce
CHANNEL TO MARKET
FY21 Revenue Split by Country
New ZealandAustraliaNorth AmericaOthers

OUR FINANCIAL JOURNEY
FY21 to FY23: Investment into resetting the
business, commencing the new strategy and
navigating the economic recoverypost-
COVID.
FY24: Return to profitablegrowth.
FY25: Full benefits of transformation strategy
being realised, withincreasing value and
profitability.
FY21 HIGHLIGHTS
•Total revenue of $111.6m down 5% due to
conscious decision to exit synthetic offsetby
17% increase in wool carpet revenue YOY
•Return to profit of $1.7m compared with a
$21.5m loss last year
•All debt repaid and $22.5m in cash as at June
2021 year end
•Robust balance sheet to execute transformation
strategy
•Prudent capital management -no dividend
declared

A CHANGING WORLD
Soft flooring industry dominated by plastic
Consumer trends
A big opportunity

OUR PURPOSE
To find a more sustainable way

OUR DESIGN ETHOS
We believe a home interior
product should be four things

DESIRABLE.
We are inspired by nature and
aim to incorporate ethically,
socially and environmentally
responsible practices into
everything we do.
HIGH PERFORMING.
SUSTAINABLE.
SAFE.

GROW THE WOOL FLOORING MARKET.
GROW OUR SHARE OF THE MARKET.
EXPAND OUR PRESENCE.
DESIGN-LED INNOVATION.

Create demand for Bremworth branded product
Optimise operational efficiency and commercial excellence
Supercharge our digital strategy
Prioritise innovation, sustainability and partnerships

Clear, purpose-led strategy
Capitalising on consumer and macro trends
Significant opportunity to grow market share
Well capitalised with funding to execute our plans
Experienced Board and ambitious management team
TO SUMMARISE

DISCUSSION

DISCLAIMER
•This presentation has been prepared by BremworthLimited (“BRW”). The information in this presentation is of a general nature only. It is
not a complete description of BRW.
•This presentation is not a recommendation or offer of financial products for subscription, purchase or sale, or an invitation or solicitation
for such offers.
•This presentation is not intended as investment, financial or other advice and must not be relied on by any prospective investor. It does not
take into account any particular prospective investor’s objectives, financial situation, circumstances or needs, and does not purport to
contain all the information that a prospective investor may require. Any person who is considering an investment in BRW securities should
obtain independent professional advice prior to making an investment decision, and should make any investment decision having regard to
that person’s own objectives, financial situation, circumstances and needs.
•Past performance information contained in this presentation should not be relied upon (and is not) an indication of future performance.
This presentation may also contain forward looking statements with respect to the financial condition, results of operationsand business,
and business strategy of BRW. Information about the future, by its nature, involves inherent risks and uncertainties. Accordingly, nothing in
this presentation is a promise or representation as to the future or a promise or representation that a transaction or outcome referred to in
this presentation will proceed or occur on the basis described in this presentation. Statements or assumptions in this presentation as to
future matters may prove to be incorrect.
•A number of financial measures are used in this presentation and should not be considered in isolation from, or as a substitutefor, the
information provided in BRW’s financial statements available at https://bremworth.co.nz.
•BRW and its related companies and their respective directors, employees and representatives make no representation or warranty of any
nature (including as to accuracy or completeness) in respect of this presentation and will have no liability (including for negligence) for any
errors in or omissions from, or for any loss (whether foreseeable or not) arising in connection with the use of or reliance on,information in
this presentation.
NZX Retail Investor Event (Webinar) November 2021