Correction to FY23 Interim Report and results presentation

Metro Performance Glass
5 Lady Fisher Place
East Tamaki
Auckland 2013

Market Release
NZX: MPG, ASX: MPP
30 November 2022

Correction to FY23 Interim Report and results presentation

Metroglass corrects FY23 Interim Report and Investor Presentation materials released on 29
November 2022.

Interim Report
On page 11, line-item “Payments for intangible assets” read: “68”
There was an administrative error and this should be in brackets, representing a negative figure:
“(68)”
The net cash (outflow) from investing activities is correct.
Accompanying this letter is an updated FY23 Interim Report. No other changes have been made to
the FY23 Interim Report from that released to the market yesterday.

Results presentation
On slide 10, in the table “key balance sheet items”
Lease liabilities read: 1H23 “73.5” 1H22: “53.1”
This should have read: 1H23 “80.5” 1H22 “59.8”
Accompanying this letter is an updated results presentation. No other changes have been made to
the results presentation from that released to the market yesterday.

/Ends
For further information, please contact:
Liam Hunt, Investor Relations
(+64) 0 22 010 4377, liam.hunt@metroglass.co.nz
Authorised for release by the Metroglass Board.

---

Interim Financial Statements
For the Half Year ended 30 September 2022
INTERIM FINANCIAL
STATEMENTS

Interim Report FY23

Chair and CEO Letter2
Management Summary4
Consolidated Interim Financial Statements8
Consolidated Interim Statement of Comprehensive Income8
Consolidated Interim Statement of Financial Position9
Consolidated Interim Statement of Changes in Equity10
Consolidated Interim Statement of Cash Flows11
Notes to the Consolidated Interim Financial Statements12
Company Directory19
CONTENTS
Contents
1

In the first six months of
FY23, Metro Performance
Glass (Metroglass)
successfully supported its
customers in challenging
market conditions.
We adapted our operations to cope with
the volatility from global supply chains,
improved our customer experience,
sourced new products, and increased our
production capability ahead of changes
to the New Zealand Building Code.
The Building Code’s H1 Energy Efficiency
changes are significant for the
New Zealand residential construction
sector. We are pleased with the approach
taken, which will require almost universal
use of high-performing Low E glass for
new homes. As New Zealand’s largest
glass processor, we are well-positioned
for this change.
Financial performance
The Group achieved revenue of
$138.1 million for the six months to
September 2022, 18% above the prior
period. This was a result of strong
growth in Australia, no Covid-19 lockdown
impacts in New Zealand and a series of
price increases to recover material and
freight cost movements.
Earnings before interest and tax (EBIT) of
$5.6 million was up from $3.1 million (+78%)
on the corresponding previous period.
New Zealand began its turnaround in
financial performance from quarter 2,
with an increased number of trading
days in this period due to the Covid-19
lockdowns in 2021. Strong performance
by Australian Glass Group (AGG)
resulted in a $3.3 million improvement
in EBIT to $2.6 million. This is a material
improvement from the modest loss in the
previous comparable period.
Our resilient operations
continue to deliver
While Covid-19 restrictions in both
New Zealand and Australia have
subsided, our teams have continued
to be challenged by the stretched and
disrupted supply chain.
Elevated costs of importing flat glass
and consumables signalled at the full
year have remained in play. The price
increases introduced in late FY22 and the
first quarter of FY23 are now in place
and we expect further margin recovery
through the second half. We remain alert
to potential future cost increases and
freight volatility.
Investing in capability ahead
of Building Code changes in
New Zealand and Australia
Our key major capital project to install
a new furnace at the Highbrook plant,
in Auckland, has progressed well and is
undergoing its commissioning phase.
The new furnace will enhance Highbrook’s
Low E processing capability in preparation
for the H1 changes to the New Zealand
Building Code.
In Australia we have implemented a series
of process and operational initiatives
aimed at ensuring AGG is well-positioned
for the upcoming National Construction
Code changes to be introduced in the
2023 calendar year. These changes will
significantly increase the use of double
glazing, particularly in the colder climates
of Australia.
PETER GRIFFITHS
Chair
CHAIR
AND CEO
LETTER
SIMON MANDER
CEO
2
Interim Report FY23

Capital management
The Group’s net debt position increased to
$59.1 million, from $47.8 million in the prior
comparable period, primarily as a result of
working capital requirements.
Working capital grew by 44% to $39.7
million at 30 September 2022 from the
prior comparable period, and up 25%, or
$7.9 million, since 31 March 2022. These
increases were driven by a higher value
of inventory and trade receivables, a
greater stock quantity on hand to cover
the on going lack of reliability in the supply
chain and to meet the working capital
requirements of a growing business in AGG.
Metroglass’ net debt to EBITDA ratio
(EBITDA) was 3.8 at 30 September 2022.
Our banking syndicate has continued to be
supportive. During the period, the Group
extended its borrowing facilities out to
October 2024 (previously due for renewal
in October 2023).
Taking stock and preparing
for the future
A number of economic forecasters are
predicting a decline in building activity
over the next 12 to 24 months as rising
construction costs, declining house
prices and cost-of-living pressure from
interest rate and inflation increases
dampen momentum. We continue to
monitor these trends.
We are encouraged by many of our
customers citing solid forward books
through to the end of the financial year.
However, we have seen near-term softness
in some of our segments influenced by stock
availability and construction site delays.
In light of year on year declines in volume
and an expectation that further declines
are likely later in the new calendar
year, Metroglass has undertaken an
organisational review and implemented
a series of initiatives across the group
to ensure capacity and resources are
appropriate to service demand as the
cycle changes.
Following recent investments in processing
capability and furnace capacity at our
larger Auckland and Christchurch plants
the business is now in a position to
rationalise its production footprint and
will cease manufacturing operations in the
Bay of Plenty in the new year. Metroglass
will continue to have a sales, glazing and
Retrofit presence in the important Bay of
Plenty market.
The overall cost-out programme, including
the Bay of Plenty site rationalisation, is
expected to achieve annualised savings,
in the New Zealand business, in the range
of $8.0 million to $9.0 million with benefits
accruing from the second half of FY23.
The Group continues to evaluate further
cost saving initiatives and is particularly
focused on managing working capital.
Market outlook
The number of residential consents in
New Zealand has been running at elevated
levels and is well above the industry
capacity, supporting a stable pipeline of
work in the near term. However, we expect
that economic headwinds are likely to
reduce the number of dwellings actually
constructed in the medium term. Updates
to the H1 Building Code, applicable to
consents from November 2022, will support
an uplift in demand for higher-performing
Low E glass technology.
In contrast, in Australia any slow-down in
construction activity that occurs is likely
to be offset by increases in the market
penetration of double glazing, which is
AGG’s core business, and accelerated
by upcoming changes to the National
Construction Code in 2023.
Notwithstanding the signalled declines
in economic conditions, we believe there
is opportunity for the Group to continue
its performance improvement through
cost reductions and the structural
changes currently underway.
Chair and CEO Letter
The board and management remain
confident in the strategy, underpinned
by Metroglass’ compelling range of
high-performing quality products,
a dedication to customer service,
and an adaptable, highly skilled and
resilient national network.
Finally, we would like to take the
opportunity to thank all of our teams
across the Group, suppliers and
shareholders, for their continued
support and efforts as we navigate
these challenging times.
PETER GRIFFITHS
Metro Performance Glass Chair
SIMON MANDER
Metro Performance Glass
Chief Executive Officer
New furnace at Highbrook plant in
Auckland, New Zealand
3

Metroglass’ strategy to
be the leader in glass
solutions is underpinned
by significant depth in
expertise, proven and
world-class technology, and
a dedication to delivering to
our customers.
External pressures continue to place
pressures on the business. Our teams
have been agile to manage the volatility
from global and domestic disruptions.
Unreliable shipping timetables and
project delays are amplifying variations to
demand and production schedules.
The safety and wellbeing of our people
is paramount, and we continue to
progress a series of initiatives. Group-
wide awareness campaigns, new training
modules, and improved processes are all
contributing to our people staying safe
and living well. These are reflected in a
declining trend in the number and severity
of injuries that occur right across
the business.
This year we launched a safety
observation scheme with our senior
leaders, aimed at raising awareness
of the key safety and wellbeing risks,
identifying opportunities to improve
safety and celebrate safety success of
our teams. In the first six months over
650 interactions were completed.
Operational teams continue to drive
our continuous improvement pathway,
delivering advances in reliability,
quality and service performance. This
is demonstrated by the operational
resilience within the Highbrook processing
plant where the major furnace project
has required significant cross-functional
planning and co-ordination to ensure
plant stability to maintain customer
service levels.
Labour availability has been a key focus for
the Group in the first half. The availability
of skilled labour in New Zealand and
Australia has hindered our ability to achieve
consistent operational efficiencies, driven
by higher-than-normal absenteeism and
extended time to recruit skilled people.
While we work through these challenges,
we are pleased with the internal career
advancements and apprentice enrolments
that continue to be strong and are an
enormous strength for the business.
At 30 September Metroglass had
65 apprentices enrolled and a further
7 apprentices qualifying.
Central to our strategy are the
connections and relationships we hold with
our customers. We are encouraged by the
most recent customer survey in May 2022,
with our New Zealand business achieving a
rating of 7.9/10 and AGG 7.7/10.
MANAGEMENT
SUMMARY
4
Interim Report FY23

Our financial highlights
Financial performance for the Group was
supported by increased pricing and no
Covid-19 lockdown periods. The overall New
Zealand result was impacted by the higher
input costs in the first half, with price
increases not taking effect until the second
quarter. Performance in the first half was
supported by revenue growth in AGG.
Group revenue of $138.1 million was an
increase of 18% over the prior comparable
period and Group EBIT increased 78% to
$5.6 million. Reported net profit after tax
(NPAT) increased 51% to $0.6 million.
The New Zealand business delivered
revenue of $100.0 million, up 14%, primarily
as a result of the additional trading days
and price increases. EBIT of $3.6 million
was down 15%, with the price increases
introduced early in FY23 financial year not
fully realised in the first half. Cost savings
achieved in our administration costs
partially offset increases in distribution
and glazing expenses.
AGG delivered on its turnaround plan,
with stable operating performance and
successful pricing strategies contributing
to a revenue of $38.2 million, an increase
of 32% on the prior comparable period.
EBIT of $2.6 million is an improvement of
$3.3 million year-on-year supported by
the increase in revenue and gross profit
margin, offset by an increase in variable
costs to service in demand.
Management Summary
3.1
New ZealandAustralia
2.2
5.4
2.8
1.9
0.9
2.1
3.9
2.7
0.2
5.6
1H22 EBIT
NZ Government wage subsidy
Change in revenue
Change in Gross Profit %
Distribution and glazing
Growth in revenue
Gross Profit % improvement
Changes in costs
Other Group costs
1H23 EBIT
Administration and other
Group EBIT
$138.1m
$5.6m
+18%
+78%
GROUP REVIEW
Revenue
EBIT
5

New Zealand
In New Zealand, segmental revenue
comparatives have improved versus
last year with no Covid-19 lockdowns
experienced.
Revenue from the residential segment
rose 14% to $65.3 million, in a competitive
market where construction delays and
supply chain disruption have contributed
to some softness.
Commercial glazing revenue improved
14% to $19.0 million as construction
site disruption began to ease. While we
are pleased that there have been no
significant project cancellations and
that intentions to proceed with projects
are positive, the commitment to pre-
price-increase contracts has had an
impact on segmental margin in the period.
Metroglass’ commercial glazing forward
book was 9% higher than it was on
30 September 2021.
Revenue in the Retrofit double-glazing
segment continued its momentum,
increasing a further 11% to $15.7 million.
This was driven by a combination of
market price increases, a steady level
of demand and an increase in trading
days. While we are beginning to see the
effects of inflation and other cost-of-
living pressures on households influencing
demand, we are pleased that forward
work remains well above pre-covid-19
levels.
Australian Glass Group
In AGG, market conditions have
remained steady at the elevated levels
and across all states. Revenue and
profitability improved significantly in the
first six months, buoyed by continued
improvements in the base business, a
lower level of Covid-19 impacts, and the
significant price increases introduced to
the market.
AGG’s reputation in the south-east
Australian market continues to
strengthen, and in a highly fragmented
market is generating solid demand ahead
of the upcoming changes to the National
Construction Code in 2023. As operational
performance continues to improve
and disruptions to supply and resource
availability abate, AGG is well positioned.
1 Earnings before interest and tax
$57.1m
$65.3m
$16.6m
$19.0m
$14.1m
$29.0m
$38.2m
$116.9m
$138.1m
$15.7m
1H221H23
Metro Glass GroupAustralian Glass
Group (AU)
Retrofit (NZ)Commercial
Glazing (NZ)
Residential (NZ)
14%14%11%32%18%
Group revenue by segment
6
Interim Report FY23

$100m
$38.2m
$3.6m
$2.6m
+14%
+32%
-15%
+$3.3M
NEW ZEALAND REVIEW
AUSTRALIA GLASS
GROUP REVIEW
Revenue
Revenue
EBIT
EBIT
Management Summary
7

Consolidated Interim Statement of Comprehensive Income
for the half year ended 30 September 2022 (unaudited)
NOTESCONSOLIDATEDCONSOLIDATED
Sep-22
$’000
Sep-21
$’000
(Restated)
1

Sales revenue138,132 116,853
Cost of sales(83,931)(70,147)
Gross profit54,201 46,706
Distribution and glazing-related expenses(24,905)(22,447)
Selling and marketing expenses(6,716)(6,955)
Administration expenses(17,284)(16,588)
Other income and gains and losses8320 2,430
Profit before significant items, interest and tax5,616 3,146
Significant items––
Profit before interest and tax5,616 3,146
Finance expense(5,058)(3,436)
Finance income–850
Profit before income taxation558 560
Income taxation expense76(141)
Profit for the period634419
Other comprehensive income
Items that may be reclassified to profit or loss in the future:
Exchange differences on translation of foreign operations2,391 (1,704)
Cash flow hedges (net of tax)922903
Total comprehensive income (loss) for the period attributable to shareholders3,947 (382)
Earnings per share
Basic and diluted earnings per share (cents per share)0.3 0.2
The Board of Directors authorised these financial statements for issue on 29 November 2022.
For and on behalf of the board:
Peter Griffiths Graham Stuart
Chair Director
1
Certain comparative amounts have been restated, refer note 8.
The above consolidated interim statement of comprehensive income should be read in conjunction with the accompanying notes.
8
Interim Report FY23

Consolidated Interim Financial Statements
Consolidated Interim Statement of Financial Position
at 30 September 2022
CONSOLIDATEDCONSOLIDATEDCONSOLIDATED
Sep-22
$’000
(AUDITED)
Mar-22
$’000
Sep-21
$’000
(Restated)
1

ASSETS
Current assets
Cash and cash equivalents12,015 13,064 13,711
Trade and other receivables42,827 34,957 28,035
Tax receivable146––
Inventories32,691 27,402 25,857
Derivative financial instruments1,706 68 527
Other current assets3,691 2,570 2,334
Total current assets93,076 78,061 70,464
Non-current assets
Property, plant and equipment54,334 54,748 54,618
Right-of-use assets68,708 70,505 49,336
Deferred tax10,571 10,965 11,171
Financial assets at fair value through profit or loss– 2,098 2,576
Investments in Associates and Joint Ventures2,320 – –
Intangible assets55,913 54,710 54,393
Other non-current assets737 1,051 –
Total non-current assets192,583 194,077 172,094
Total assets285,659 272,138 242,558
LIABILITIES
Current liabilities
Trade and other payables35,852 30,626 26,340
Deferred income2,742 2,608 2,319
Income tax liability–518 1,088
Derivative financial instruments16 274 39
Lease liabilities7,0346,535 6,674
Provisions1,816 1,920 1,838
Total current liabilities47,460 42,481 38,298
Non-current liabilities
Interest-bearing liabilities71,067 65,319 61,521
Derivative financial instruments– 274 1,034
Lease liabilities73,514 74,745 53,114
Provisions3,980 3,790 3,612
Total non-current liabilities148,561 144,128 119,281
Total liabilities196,021 186,609 157,579
Net assets89,638 85,529 84,979
Equity
Contributed equity307,198 307,198 307,198
Retained earnings(50,720)(51,735)(51,152)
Group reorganisation reserve(170,665)(170,665)(170,665)
Share-based payments reserve1,147 1,365 1,172
Foreign currency translation reserve2,432 42 (1,189)
Cash flow hedge reserve246(676)(385)
Total equity89,63885,529 84,979
1
Certain comparative amounts have been restated, refer note 8.
The above consolidated interim statement of financial position should be read in conjunction with the accompanying notes.
9

Consolidated Interim Statement of Changes in Equity
for the half year ended 30 September 2022 (unaudited)
CONSOLIDATED
Contributed
Equity
$’000
Reserves
$’000
Retained
Earnings
$’000
Total
$’000
Opening balance at 1 April 2021307,198 (170,226)(51,571)85,401
Profit for the period––419 419
Movement in foreign currency translation reserve–(1,704)–(1,704)
Other comprehensive income for the period–903 –903
Total comprehensive (loss)/income for the period–(801)419 (382)
Expiry of share-based payments––––
Movement in share-based payments reserve–(40)–(40)
Total transactions with owners, recognised directly in equity–(40)–(40)
Unaudited closing balance at 30 September 2021307,198 (171,067)(51,152)84,979
Contributed
Equity
$’000
Reserves
$’000
Retained
Earnings
$’000
Total
$’000
Opening balance at 1 October 2021307,198 (171,067)(51,152)84,979
Profit for the period– – (878)(878)
Movement in foreign currency translation reserve– 1,230 – 1,230
Other comprehensive (loss) for the period– (290)– (290)
Total comprehensive income/(loss) for the period– 940(878)62
Expiry of share-based payments– (295)295 –
Movement in share-based payments reserve– 488 – 488
Total transactions with owners, recognised directly in equity– 193295 488
Audited closing balance at 31 March 2022307,198 (169,934)(51,735)85,529
Contributed
Equity
$’000
Reserves
$’000
Retained
Earnings
$’000
Total
$’000
Opening balance at 1 April 2022307,198 (169,934)(51,735)85,529
Profit for the period– – 634634
Movement in foreign currency translation reserve– 2,391 – 2,391
Other comprehensive income for the period– 922– 922
Total comprehensive income for the period– 3,313634 3,947
Expiry of share-based payments–(382)382 –
Movement in share-based payments reserve– 163 – 163
Total transactions with owners, recognised directly in equity– (219)382 163
Unaudited closing balance at 30 September 2022307,198 (166,840)(50,720)89,638
The above consolidated interim statement of changes in equity should be read in conjunction with the accompanying notes.
10
Interim Report FY23

Consolidated Interim Financial Statements
Consolidated Interim Statement of Cash Flows
for the half year ended 30 September 2022 (unaudited)
CONSOLIDATEDCONSOLIDATED
2022
$’000
2021
$’000
Cash flows from operating activities
Receipts from customers130,099 122,689
Payments to suppliers and employees(123,373)(111,266)
Government grants received99 2,164
Interest received–100
Interest paid(2,437)(1,619)
Interest paid on leases(2,383)(1,524)
Income taxes paid(242)(642)
Net cash inflow from operating activities1,763 9,902
Cash flows from investing activities
Proceeds from sale of property, plant and equipment194 183
Payments for property, plant and equipment(4,893)(7,274)
Payments for intangible assets(68)(15)
Net cash (outflow) from investing activities(4,767)(7,106)
Cash flows from financing activities
Lease liabilities principal payments(3,284)(3,294)
Drawdown of borrowings4,500 7,000
Repayment of other financing(461)(378)
Net cash inflow/(outflow) from financing activities7553,328
Net (decrease)/increase in cash and cash equivalents(2,249)6,124
Cash and cash equivalents at the beginning of the period13,064 7,530
Effects of exchange rate changes on cash and cash equivalents1,20057
Cash and cash equivalents at end of the period12,015 13,711
The above consolidated interim statement of cash flows should be read in conjunction with the accompanying notes.
11

Notes to the Consolidated Interim Financial Statements (unaudited)
1 BASIS OF PREPARATION
Reporting entity
These consolidated interim financial statements are for Metro Performance Glass Limited (‘the Company’) and its subsidiaries
(together, ‘the Group’). The Group supplies processed flat glass and related products primarily to the residential and commercial
building sectors. The Company is a for-profit entity for financial reporting purposes and has operations and sales in New Zealand
and Australia.
Statutory base
The Company is a limited liability company incorporated and domiciled in New Zealand. The address of its registered office is
5 Lady Fisher Place, East Tamaki, Auckland.
The incorporation date for Metro Performance Glass Limited was 30 May 2014 and as part of a group reorganisation was listed on the
New Zealand Securities Exchange (NZSX) on 29 July 2014.
The comparative trading results presented encompass the six-month period from 1 April 2021 to 30 September 2021.
Basis of preparation
These consolidated interim financial statements have been approved for issue by the Board of Directors on 29 November 2022.
The Group’s unaudited condensed consolidated interim financial statements have been prepared in accordance with New Zealand
Generally Accepted Accounting Practice (NZ GAAP). They comply with the requirements of International Accounting Standard
(IAS) 34 
Interim Financial Reporting and with New Zealand Equivalent to International Accounting Standard (NZ IAS) 34 Interim
Financial Reporting
.
The consolidated interim financial statements are unaudited.
These consolidated interim financial statements are presented in New Zealand dollars and rounded to the nearest thousand. These
condensed financial statements do not include all the information required for full financial statements, and consequently should be
read in conjunction with the full financial statements of the Group for the year ended 31 March 2022. The same accounting policies,
presentation and methods of computation have been followed in these condensed financial statements as were applied in the
preparation of the Group’s audited financial statements for the year ended 31 March 2022.
Metro Performance Glass Limited is a limited liability company registered under the New Zealand Companies Act 1993 and is a
Financial Markets Conduct reporting entity under Part 7 of the Financial Markets Conduct Act 2013. The financial statements of the
Group have been prepared in accordance with the requirements of the NZX Main Board Listing Rules.
The Group’s revenue follow a seasonal pattern with lower sales typically achieved in the second half of the financial year as a result of
lower sales generated during the Christmas shutdown period.
Historical cost convention
The consolidated interim financial statements have been prepared under the historical cost convention, as modified by the revaluation
of financial assets and financial liabilities at fair value.
Principles of consolidation
The consolidated interim financial statements incorporate the assets and liabilities of all subsidiaries of Metro Performance Glass
Limited (‘the company’ or ‘the parent entity’) as at 30 September 2022 and the results of all subsidiaries for the period then ended.
Subsidiaries are all entities over which the Group has control. A subsidiary is a controlled entity of Metro Performance Glass if Metro
Performance Glass is exposed and has a right to variable returns from the entity and is able to use its power over the entity to
affect those returns. Subsidiaries are fully consolidated from the date on which control is transferred to the Group. They are de-
consolidated from the date that control ceases.
Inter-company transactions, balances and unrealised gains on transactions between Group companies are eliminated. Unrealised
losses are also eliminated unless the transaction provided evidence of the impairment of the asset transferred.
12
Interim Report FY23

Notes to the Consolidated Interim Financial Statements
13
Notes to the Consolidated Interim Financial Statements (unaudited)
(continued)
Foreign currency translation
Functional and presentation currency
The consolidated interim financial statements are presented in New Zealand dollars, which is Metro Performance Glass Limited’s
functional and presentation currency.
Transactions and balances
Foreign currency transactions are translated using the exchange rates prevailing at the dates of the transactions. Foreign exchange
gains and losses resulting from the settlement of such transactions and from the translation at period end exchange rates of
monetary assets and liabilities denominated in foreign currencies are recognised in profit and loss. They are deferred in equity if
they relate to qualifying cash flow hedges and qualifying net investment hedges or are attributable to part of the net investment
in a foreign operation.
The results and financial position of foreign operations that have a functional currency different from the presentation currency
are translated into the presentation currency as follows:
• assets and liabilities for each balance sheet presented are translated at the closing rate at the date of that balance sheet;
• income and expenses for each statement of profit or loss and statement of comprehensive income are translated at average exchange
rates (unless this is not a reasonable approximation of the cumulative effect of the rates prevailing on the transaction dates, in which
case income and expenses are translated at the dates of the transactions); and
• all resulting exchange differences are recognised in other comprehensive income.
Goods and Services Tax (GST)
The consolidated interim statement of comprehensive income has been prepared so that all components are stated exclusive of
GST. All items in the consolidated interim statement of financial position are stated net of GST, with the exception of receivables
and payables, which include GST invoiced.
Standards, Amendments and Interpretations to Existing Standards that are not yet Effective
There are no published new or amended standards or interpretations that become effective on or after 1 October 2022 that would
have a material impact on the Group’s consolidated interim financial statements.
Future Change in Accounting Policy
There are no published new or amended standards or interpretations that become effective on or after 1 October 2022 that would
have a material impact on the Group’s consolidated interim financial statements.
Going Concern
The net debt increased from $52.3 million at 31 March 2022 to $59.1 million at 30 September 2022.

The directors have considered the forecast cash flows and covenant compliance for the foreseeable future and note that the Group’s
loan facilities have been renewed and extended to October 2024.

Taking regard of the above and while acknowledging the uncertainties around forecasting in the current environment, the directors
consider that these uncertainties do not represent material uncertainties affecting the going concern position of the Group.
Accordingly, the consolidated interim financial statements are prepared on a going concern basis.

14
Interim Report FY23
Notes to the Consolidated Interim Financial Statements (unaudited)
(continued)
2 FINANCIAL PERFORMANCE
Segment information
Operating segments of the Group at 30 September 2022 have been determined based on financial information that is regularly
reviewed by the board in conjunction with the Chief Executive Officer and Chief Financial Officer, collectively known as the
Chief Operating Decision-Maker for the purpose of allocating resources, assessing performance and making strategic decisions.
Substantially all of the Group’s revenue is derived from the sale of glass and related products and services. This revenue is split by
channel only at the revenue level into Commercial, Residential and Retrofit. Commercial revenue reflects sales through four specific
commercial glazing operations in New Zealand. The allocation of sales between residential and commercial can be difficult as the
Group does not always know the end-use application. Following the acquisition of AGG on 1 September 2016, the Group operates in
two geographic segments, New Zealand and Australia.
Group costs consist of insurance, professional services, director fees and expenses, listing fees and share incentive scheme costs.
SEP-22
New Zealand
$’000
Australia
$’000
Eliminations
and other
$’000
Group
$’000
Commercial Glazing18,997 ––18,997
Residential65,298 38,166 –103,464
Retrofit15,671 ––15,671
Total revenue99,966 38,166 –138,132
Gross profit41,584 12,617 –54,201
Segmental EBITDA before significant items10,339 5,252 –15,591
Group costs––(531)(531)
Group EBITDA before significant items15,060
Depreciation and amortisation(6,788)(2,656)–(9,444)
EBIT before significant items3,551 2,596 (531)5,616
Significant items––––
EBIT3,551 2,596 (531)5,616
Segment assets332,180 74,522 (121,043)285,659
Segment non-current assets (excluding deferred tax assets)132,636 49,376 –182,012
Segment liabilities102,094 27,010 66,917 196,021
SEP-21
New Zealand
$’000
Australia
$’000
Eliminations
and other
$’000
Group
$’000
Commercial Glazing16,639 ––16,639
Residential57,119 28,993 –86,112
Retrofit14,102 ––14,102
Total revenue87,860 28,993 –116,853
Gross profit38,987 7,719–46,706
Segmental EBITDA11,192 1,873 –13,065
Group costs––(316)(316)
Group EBITDA12,749
Depreciation and amortisation(7,028)(2,575)–(9,603)
EBIT before significant items4,164 (702)(316)3,146
Significant items––––
EBIT4,164 (702)(316)3,146
Segment assets282,188 62,944 (102,574)242,558
Segment non-current assets (excluding deferred tax assets)180,013 43,986 (63,076)160,923
Segment liabilities77,789 21,095 58,695 157,579

Notes to the Consolidated Interim Financial Statements
15
Notes to the Consolidated Interim Financial Statements (unaudited)
(continued)
3 PROPERTY, PLANT AND EQUIPMENT
During the six months ended 30 September 2022, the Group acquired assets with a total cost of $4.1 million (September 2021:
$7.2 million) and disposed of assets with a total book value of $0.2 million (September 2021: $0.1 million). There have been no material
changes in the estimated useful life of key items of plant and machinery. The depreciation expense for the six months ended
30 September 2022 was $4.9 million (September 2021: $5.1 million).
4 FINANCIAL INSTRUMENTS
Interest rate swaps and forward exchange contracts
These financial instruments were measured at fair value based on valuations provided by Westpac Banking Corporation and ASB Bank
Limited. All significant inputs were based on observable market data and accordingly have been categorised as level 2. At balance date,
the fair value of interest rate swaps are $0.2 million asset (March 2022: $0.3 million liability) and the fair value of forward exchange
contracts are $1.5 million asset (March 2022: $0.2 million liability).
The movements in fair value are disclosed in cash flow hedges (net of tax) through other comprehensive income, with a
gain recognised on forward exchange contracts of $1.2 million (30 September 2021: $0.5 million gain), income of $0.4 million
(30 September 2021: $0.4 million gain) on interest rate swaps, and a loss of $0.6 million on the hedge on an Australian dollar loan.
5 INTANGIBLE ASSETS
The Group’s segments have been classified as New Zealand and Australia aligning with the way the business is reviewed. The New
Zealand goodwill balance arose prior to the Group’s Initial Public Offering (IPO) in July 2014. The Australian goodwill arose in August
2016 with the acquisition of AGG. Goodwill balances are as follows:
CONSOLIDATEDCONSOLIDATED
Sep-22
$’000
(Audited)
Mar-22
$’000
New Zealand 30,879 30,879
Australia 24,624 23,357
55,503 54,236
Impairment testing for both cash-generating units (CGUs) was completed using the Value in Use (VIU) method.
Key assumptions in the 30 September 2022 impairment assessment (VIU) calculations (and the equivalent assumptions in the
31 March 2022 calculations) are as follows:
CONSOLIDATEDCONSOLIDATED
Sep-22
(AUDITED)
Mar-22
$’000
(AUDITED)
Mar-22
$’000
New ZealandAustraliaNew ZealandAustralia
Compound annual revenue growth – 3 years5.5%14.6%7.1%14.3%
Long-term growth rate1.3%1.3%1.3%1.3%
Discount rate (pre-tax, post IFRS 16)14.3%13.1%13.2%11.9%
Discount rate (post-tax, post IFRS 16)10.3%9.2%9.5%8.3%
Cash flow projections
The impairment testing used pre-tax cash flow projections for both CGUs based on financial projections approved by the directors
covering a three-year period. In forming these projections, the directors considered the views of several economic forecasters,
observable market data points (including building consents), feedback from customers, analysis of existing forward books of work,
anticipated customer wins and/or losses, and other competitive dynamics.
The directors have used a single set of cash flow projections in the 30 September 2022 testing, which is consistent with the
methodology used at 31 March 2022. The directors have also referenced longer-term independent forecast estimates in a consistent
way compared to last financial year.
The value of new homes and non-residential building consents has remained stable in the six months ended 30 September 2022. It
is the view of the directors that the future New Zealand consented building activity will reduce from the current levels and this has

16
Interim Report FY23
Notes to the Consolidated Interim Financial Statements (unaudited)
(continued)
been considered within the revenue forecast assumptions. The Ministry of Building, Innovation and Employment (MBIE) has announced
changes to the Building Code (H1 Standards) that will require an increase in the thermal properties of window units as part of a suite
of changes designed to improve the thermal performance of New Zealand homes. The medium term outlook for the New Zealand CGU
is balanced between an expectation that the current consenting levels will decline from the existing level and the positive impact from
the change in the H1 Standards which progressively take effect from November 2022.
The Australian CGU has continued to improve its performance and the business is well placed for growth in the coming years as the
penetration of double glazing increases alongside changing construction codes and consumer preferences.
Long-term growth rate
Cash flows beyond the three-year period are extrapolated using estimated long-term growth rate. The long-term growth rate
assumptions are supported by long-term population growth rates in New Zealand and Australia and the increased use and prevalence
of glass products in the Group’s markets. The long-term growth rates have been left unchanged in the 30 September 2022 test.
Discount rate
The discount rate (post tax) represents the current market assessment of the risks specific to the CGU, taking into account the
time value of money and individual risks of the underlying assets that have not been incorporated into the cash flow estimates. The
discount rate calculation is based on the specific circumstances of the CGU and its operating segments and is derived from its
weighted average costs of capital (WACC).
The discount rates used are supported by independent third-party expert advice. The discount rates at 30 September 2022 were
higher than the rates used at 31 March 2022, reflecting the market increases in interest rates (risk-free rates) and the consideration
of market-specific risks. A movement of 230 basis points in WACC would impact the New Zealand CGU headroom. A movement of
260 basis points in WACC would impact the Australian CGU headroom.
Market capitalisation comparison
The Group compares the carrying amount of net assets with the market capitalisation value at each balance date. The share price
at 30 September 2022 was $0.20, equating to a market capitalisation of $37.1 million. The carrying amount of the Group’s net assets
at 30 September 2022 was $89.6 million ($0.48 per share). This market value excludes any control premium. Management and the
directors have considered the reasons for this difference and concluded that all relevant factors had been allowed for in their
VIU model.
Sensitivity to changes in key assumptions
The impairment assessments confirmed that, for the New Zealand and Australian business units, the recoverable amounts exceed
carrying values as at 30 September 2022. The value in use is sensitive to the New Zealand building activity outlook to the extent that
any decline in outlook couldn’t be mitigated by management action. No reasonably possible change in key assumptions used in the
determination of the recoverable value of CGUs would result in a material impairment to the Group.
6 INTEREST-BEARING LIABILITIES
SEP-22MAR-22SEP-21
$’000$’000$’000
Bank borrowings – current–––
Bank borrowings – non-current67,802 62,296 58,449
Less: cash and cash equivalents(12,015)(13,064)(13,711)
Net bank debt55,787 49,232 44,738
Other financing – current–––
Other financing – non-current3,265 3,023 3,072
Net debt59,052 52,255 47,810
7 RELATED-PARTY TRANSACTIONS
From the 1st April 2022 the group changed its relationship with 5R Solutions. The nature of the related-party transactions have not
changed, with a cumulative $0.6 million of transactions in the 6 months to 30 September 2022.

Notes to the Consolidated Interim Financial Statements
17
Notes to the Consolidated Interim Financial Statements (unaudited)
(continued)
8 PRIOR PERIOD COST ADJUSTMENTS
Impact on the Statement of Comprehensive Income for the half year ended 30 September 2021.
SEP-21
Sep-21 as
reported
$’000
Australian
Chart of
Accounts
Alignment
$’000
5R
Restatement
$’000
Sep-21
Reclassified
$’000
Cost of sales(71,259)1,112(70,147)
Gross profit45,5941,11246,706
Distribution and glazing-related expenses(22,232)(215)(22,447)
Administration expenses(15,691)(897)(16,588)
Other income2,330 100 2,430
Profit before interest and tax3,046100 3,146
Finance income950(100)850
Profit before income taxation560
Impact on the Statement of Financial Position at 30 September 2021
SEP-21
Sep-21 as
reported
$’000
Intangible
Asset Change
1 April 2021
Restated
$’000
Spare Parts
Reclassific-
ation
Change
$’000
5R
1 April
2021 Restated
$’000
Sep-21
Reclassified
$’000
Other current assets6,515 (3,981)(200)2,334
Inventories21,876 3,981 25,857
Total current assets70,664 (200)70,464
Financial assets at fair value through profit or loss–2,576 2,576
Deferred tax assets10,774 397 11,171
Intangible assets55,812 (1,419)54,393
Total non-current assets170,540 (1,022)2,576 172,094
Total assets241,204 (1,022)2,376 242,558
Net assets83,625 (1,022)2,376 84,979
Retained earnings(52,506)(1,022)2,376 (51,152)
Total equity83,625 (1,022)2,376 84,979
9 EVENTS AFTER BALANCE DATE
Closure of Bay of Plenty Manufacturing Plant
On 18 November 2022 the directors announced a review of the New Zealand organisational structure and manufacturing footprint.
This review includes the closure of the Bay of Plenty manufacturing plant. The financial impact of the Bay of Plenty manufacturing
plant closure is expected to deliver cost savings in the vicinity of $3.5 million to 4.0 million per annum, with estimated one-off cash
costs of $0.5 million to $1.0 million. An estimate of the non-cash one-off costs cannot yet be determined. The one-off costs of the
plant closure have not been provisioned in the consolidated interim financial statements for the period ended 30 September 2022.

COMPANY DIRECTORY
18
Interim Report FY23

Registered Office
5 Lady Fisher Place
East Tamaki
Auckland 2013
New Zealand
Email: glass@metroglass.co.nz
Phone: +64 927 3000
Board of Directors
Peter Griffiths – Non-Executive Chair
and Member of the People and Culture Committee
Jenn Bestwick – Non-Executive Director
and Member of the Audit and Risk Committee
Mark Eglinton – Non-Executive Director
and Chair of the People and Culture Committee
Rhys Jones – Non-Executive Director
and Member of the People and Culture Committee
Julia Mayne – Non-Executive Director
and Member of the Audit and Risk Committee
Graham Stuart – Non-Executive Director
and Chair of the Audit and Risk Committee
Senior Leadership Team
Simon Mander – Chief Executive Officer
Brent Mealings – Chief Financial Officer
Ruben Ferguson – GM Market Strategy
Robyn Gibbard – GM Upper North Island
Nick Hardy-Jones – GM South Island
Nick Johnson – Chief Information Officer
Amandeep Kaur – Group Safety and Wellbeing Manager
Andreas Paxie – GM Lower North Island
Dayna Roberts – Human Resources Director
Auditor
PricewaterhouseCoopers
15 Customs Street West
Auckland 1010
New Zealand
Lawyers
Bell Gully
Vero Centre
48 Shortland Street
Auckland 1140
New Zealand
Bankers
ASB Bank Limited
Westpac New Zealand Limited
Westpac Banking Corporation
Share Registrar
Link Market Services
Level 30, PwC Tower
15 Customs Street West
Auckland 1010
PO Box 91976
Auckland 1142
New Zealand
Further Information Online
This Interim Report, all our core governance
documents (our constitution, some of our
key policies and charters), our investor
relations policies and all our announcements
can be viewed on our website:
www.metroglass.co.nz/investor-centre/
insight
creative.co.nz
MPG026
COMPANY DIRECTORY
19
Company Directory

20
Interim Report FY23

21

metroglass.co.nz

---

M E T R O P E R F O R M A N C E G L A S S
Half year result
30 September 2022

Key messages
•The Metroglass Group has faced challenging market conditions, but we have
focused on our customers, margin recovery, and preparing for regulatory change
•In New Zealand, a period of uninterrupted operations and a series of price increases
have begun to recover margins from the second quarter
•AGG continued its performance momentum with improved profitability driven by
solid demand and price increases, despite disruptions
•Increases to Metroglass’ net debt in 1H23 driven by increased working capital due
to continued supply chain disruption
•Commenced a cost-out programme. These initiatives, including the Bay of Plenty
site rationalisation, are expected to achieve annualised savings, in the New
Zealand business, in the range of $8.0 million to $9.0 million with benefits
accruing from the second half of FY23
2

NPAT
$0.6m
(1H22: $0.4m)
G RO U P
N E W Z EA L A N D
1
AU ST R A L I A
Revenue
$138.1m
(1H22: $116.9m)
+18%
EBIT
$5.6m
(1H22: $3.1m)
+78%
Revenue
$100.0m, +14%
(1H22: $87.9m)
EBIT
$3.6m, -15%
(1H22: $4.2m)
Revenue
$38.2m, +32%
(1H22: $29.0m)
EBIT
$2.6m, +$3.3m
(1H22: $(0.7)m)
Net debt
$59.1m
(1H22: $47.8m)
(FY22: 52.3m)
Financial highlights
1
The full segment note is available in note 2 of the interim financial statements.
Leverage ratio
3.8x
(1H22: 2.8x)
(FY22: 3.8x)
nm+11.2m
3
+51%

•Uninterruptedoperationsandaseriesofpriceincreaseshavebeguntorecovermarginsfromthe
secondquarter
•Allofsegmentsfaceddisruptionsinsupplychain,projectdelays,andpeopleavailability
challengesthatimpactedoperationalefficiency
•Revenueintheresidentialsegmentrose14%,drivenbypriceincreasesandafulltrading
period.Ourcustomerrelationshipfocuscontinuestodeliverinahighlycompetitivemarket
•Commercialglazingrevenueincreased14%,asconstructionsiteefficienciesimproved
enablingseveralprojectcompletions
•Retrofitcontinueditsrevenuemomentumwithafurther11%growth,ashomeownersreap
thebenefitsofdoubleglazingintheirhomes
•Ourfocusoncontinuallyimprovingthecustomerexperiencecontinuestoreflectinpositivelevels
ofcustomersatisfaction,achieving7.9/10
1
inourlatestsurveyinMay2022.
•KeymajorcapitalprojecttoinstallanewfurnaceattheHighbrookplant,inAuckland,has
progressedwell,withthecommissioningphaseunderway.
Uninterrupted operations
and a series of price
increases in New Zealand
have begun to recover
margins from the second
quarter
Revenue
$100.0m 14%
EBIT
$3.6m (15%)
1
Survey question: “On a scale of 1 to 10, how likely are
you to recommend Metroglass to a friend or colleague”
4

5
Update on organisational review
•Inlightofyearonyeardeclinesinvolumeandanexpectationthatfurtherdeclinesarelikelylaterinthenewcalendaryear,Metroglasshasundertaken
anorganisationalreviewandimplementedaseriesofinitiativesacrossthegrouptoensurecapacityandresourcesareappropriatetoservicedemand
asthecyclechanges.
•FollowingrecentinvestmentsinprocessingcapabilityandfurnacecapacityatourAucklandandChristchurchplantsthebusinessisnowinapositionto
rationaliseitsproductionfootprintandwillceasemanufacturingoperationsintheBayofPlentybyendofDecember2022.Metroglasswillcontinueto
havesalesrepresentation,CommercialandResidentialglazingresourcesandRetrofitpresenceintheimportantBayofPlentymarket
•Theoverallcost-outprogramme,includingtheBayofPlentysiterationalisation,isexpectedtoachieveannualisedsavings,intheNewZealand
business,intherangeof$8.0millionto$9.0millionwithbenefitsaccruingfromthesecondhalfofFY23
•Thesechangesimpactonanumberofourpeopleandwearecommittedtosupportingourimpactedteamsthroughthisperiod

•AGGdeliveredonitsturnaroundplan,achievingrevenueandEBITtargetsfor1H23,
supportedbystableoperatingperformanceandmarketpriceincreases
•Grossprofitpercentageimprovedto33.1%(1H22:26.6%)reflectingstrongpricinginthe
marketandsolidoperatingdisciplines
•NewSouthWaleshasmadeasignificantturnaroundinthehalf
•AGGentersthenextphaseofitsstrategy,havingachieveditsturnaround,wellpositionedfor
growthalongsidetheincreasingadoptionofdoubleglazingandchangestoNational
ConstructionCode(NCC)expectedin2023thatwillfurtheraccelerateitsuptake
AGG continued its
performance momentum
with improved
profitability driven by
solid demand and price
increases, despite
disruptions
Revenue
NZ$38.2m +32%
EBIT
$2.6m vs. $(0.7)m LY
6

1H23: Metroglass Group revenue (NZ$)
32%
18%
11%
14%
14%
14%
Note:TheallocationofsalesbetweenresidentialandcommercialapplicationsisdifficultasMetroglassdoesn’talwaysknowtheenduseofapieceofglass.Thecategorisationmethodologyisconsistentacross
periods,howeverCommercialGlazingrevenuewillincludesomelevelofresidentialglazingsalesandservices.
7
$57.1m
$16.6m
$14.1m
$29.0m
$116.9m
$65.3m
$19.0m
$15.7m
$38.2m
$138.1m
Residential (NZ)Commercial Glazing (NZ)Retrofit (NZ)Australian Glass Group (AU)Metro Glass Group
1H221H23

1H23: Financial results summary
Segment results
NZ$m
1,2
1H231H22% change
New Zealand
Revenue
100.087.914%
Gross profit41.639.07%
SegmentalEBIT3.64.2(15)%
Australia
Revenue
38.229.032%
Gross profit 12.67.763%
Segmental EBIT2.6(0.7)+$3.3m
Group results
NZ$m
1
1H231H22% change
Group
Revenue138.1116.918%
EBITDA15.112.718%
Depreciation & amortisation9.49.6(2)%
EBIT5.63.178%
Profit for the period0.60.451%
Basic EPS (cents)0.30.251%
1
The definitions for all non-GAAP measures of financial performance, and additional detail on significant items are provided on slide 14 of this release.
2
The full segment note is available in note 2 of the interim financial statements.
8

3.1
5.6
2.2
5.4
2.8
1.9
0.9
2.1
3.9
2.7
0.2
1H22 EBIT
NZ Government wage subsidy
Change in revenue
Change in Gross Profit %
Distribution and glazing
Administation and other
Growth in revenue
Gross Profit % improvements
Increases in expenses and other
Other Group costs
1H23 EBIT
1H23: EBIT bridge (NZ$m)
New ZealandAustralia (NZ$)
9
1

1H23: Group summary cash flow & balance sheet
10
Key balance sheet items
(NZ$m)
1H23FY221H22
Net working capital
1
39.731.727.7
Property plant & equipment
54.354.754.6
Right of use assets
68.770.549.3
Total assets
285.7272.1242.6
Lease liabilities
80.581.359.8
Net debt
59.152.347.8
Total shareholders equity
89.685.585.0
Keycash flow items (NZ$m)1H231H22
EBIT before significant items
5.63.1
Operating cash flows
1.89.9
Capital expenditure
5.07.3
Dividends paid
--
•Net operating cash flows were significantly below last year primarily driven by a higher
value of inventory and trade receivables, a greater stock quantity on hand to cover the
ongoing lack of reliability in the supply-chain and the working capital requirements of a
growing business in AGG.
•Capital expenditure was reduced to $5.0 m in 1H23 with a focus on targeted investments
and maintenance capital only
•Right of use assets increases from the prior comparable period and reflects the extension
of existing lease agreements
•Net debt increased by $6.8m from 31 March 2022, to $59.0m at30 September 2022.
Net debt was $47.8m at30 September 2021.
•Group gearing
2
increased to 37.9% at31 March 2022, to 39.7 at30 September 2022.
Group Gearing was 36.0% at30 September 2021.
•Group net debt to EBITDA ratio
3
remained consistent with the full year at 3.8x.
The ratio was 2.8x at30 September 2021.
1
Networkingcapital:trade&otherreceivables+inventory-trade&otherpayables.
2
Gearing:netdebt/(netdebt+equity).
3
Calculated on a pre-IFRS-16 (leases) basis and includes other minor adjustments.

•ThenumberofresidentialconsentsinNewZealandhasbeenrunningatelevated
levelsandwell-abovetheindustrycapacity,supportingastablepipelineofworkin
thenearterm.
•However,weexpectthateconomicheadwindsarelikelytoreducethenumberof
dwellingsactuallyconstructedlaterinthecalendaryear2023.
•UpdatestotheH1buildingcode,applicabletoconsentsfromNovember2022,will
supportanincreasedemandforhigherperformingLowEglassandwillhave
positiveimpactsongrossprofitperformance
•Theoverallcost-outprogramme,includingtheBayofPlentysiterationalisation,is
expectedtoachieveannualisedsavings,intheNewZealandbusiness,intherange
of$8.0millionto$9.0millionwithbenefitsaccruingfromthesecondhalfofFY23
•Anyslow-downinAustralianconstructionactivityislikelytobeoffsetbyincreases
inthemarketpenetrationofdouble-glazingandacceleratedbyupcomingchanges
totheNationalConstructionCodein2023.
Positioning Metroglass’ for the future
11

B u i l d i n g re s i l i en ce a n d
defending Metroglass’
l e a d e rs h i p p o s i t i o n i n
N ew Ze a l a n d
G ro w p ro f i ta bi l i t y i n
A u st ra l i a , b e n ef i t i ng f ro m
i n c rea si ng d e m a nd fo r
d o u b l e-gl a z i ng
E n s u re o u r b a l a n c e
s h e et i s ro b u st to co p e
w i t h f u t u re r i s ks a n d
o p p o rt un i t i es
We remain focussed on our strategy and near-term goals
12

T h a n k y o u
Questions

14
Non-GAAP financial information
•Group results are reported under NZ IFRS. This presentation includes non-
GAAP financial measures which are not prepared in accordance with NZ IFRS,
being:
•EBITDA: Earnings before interest, tax, depreciation and amortisation
•Segmental EBIT: Earnings before interest and tax (EBIT) for either the New
Zealand or Australia segment of the Group
•We believe that these non-GAAP financial measures provide useful information
to readers to assist in the understanding of our financial performance, financial
position or returns, but that they should not be viewed in isolation, nor
considered as a substitute for measures reported in accordance with NZIFRS
•Non-GAAP financial measures may not be comparable to similarly titled
amounts reported by other companies
Appendix: Reconciliation of non-GAAP to GAAP profit measures
Half year to 30 September 2022
1H231H22
($M)($M)
Profit for the period (GAAP)0.60.4
Add: taxation expense(0.1)0.1
Add: net finance expense5.1 2.6
Earnings before interest and tax (EBIT)5.63.1
Add: depreciation & amortisation9.49.6
EBITDA15.112.7

This presentation (“Presentation”) has been prepared by Metro Performance Glass Limited (Company Number 5267882) (“Metro Performance Glass”).
Please do not read this Presentation in isolation
This presentation contains some forward-looking statements about Metro Performance Glass and the environment in which the company operates. Forward
looking statements can generally be identified by the use of forward-looking words such as “anticipate”, “expect”, “likely”, “intend”, “should”, “could”, “may”,
“propose”. “will”, “believe”, “forecast”, “estimate”, “outlook”, “target”, “guidance” and other similar expressions. Forward looking statements, opinions and
estimates provided in this presentation are inherently uncertain and are based on assumptions and estimates which are subjecttocertain risks, uncertainties
and change without notice. Because these statements are forward looking, Metro Performance Glass’ actual results could differmaterially. Any past
performance information in this presentation should not be relied upon as (and is not) an indication of future performance.
Media releases, management commentary and investor presentations are all available on the company’s website. Please read thispresentation in the wider
context of material previously published by Metro Performance Glass.
There is no offer or investment advice in this Presentation
This presentation is not an offer of securities, or a proposal or invitation to make any such offer. It is not investment adviceor a securities recommendation
and does not consider any person’s individual circumstances or objectives. Every investor should make an independent assessment of Metro Performance
Glass based on independent expert financial advice.
All information in this presentation is current at the date of this presentation, and all currency amounts are in NZ dollars,unless otherwise stated. Metro
Performance Glass is under no obligation to, and does not undertake to, update the information in this Presentation, including any assumptions.
Disclaimer
To the maximum extent permitted by law, Metro Performance Glass and its affiliates and related bodies corporate, officers, employees, agents and advisors
make no representation or warranty (express or implied) as to the currency, accuracy, reliability or completeness of the information in this presentation and
disclaim all liability for the information (whether in tort (including negligence) or otherwise) to you or any other person in relation to this presentation,
including any error in it.
Disclaimer
15

Metro Performance Glass Limited
5 Lady Fisher Place, East Tamaki, Auckland 2013
Ph: + 64 9 927 3000
www.metroglass.co.nz/
Simon Mander –Chief Executive Officer
Simon.Mander@metroglass.co.nz
(+64) 029 636 2661
Brent Mealings –Chief Financial Officer
Brent.Mealings@metroglass.co.nz
(+64) 027 551 6751
Liam Hunt –Investor Relations Manager
Liam.hunt@metroglass.co.nz
(+64) 022 010 4377
Contact information
16