2023 Full-year results

Divisional earnings performance Bunnings Group Kmart Group³ EBT1,2 Performance and earnings results reflect: • • Strong commercial growth and continued consumer growth Reflects resilience of model and ability to adjust operating costs to manage inflation . Strong execution of strategic agenda Earnings increased 1.9% excluding the net contribution from property Continued strong response by customers to Kmart's lowest price positioning • Strong execution of pricing strategies and operational plans Realisation of further benefits from network change program across Kmart and Target FY23 $2,230m 2H23 $952m ↑ 1.2% ↑ 0.7% $769m ↑ 52.3% $294m 1 3.9% WesCEF • Continued strong plant performances across Kwinana facilities Favourable global commodity prices for ammonia-related products • Earnings impacted by higher WA domestic natural gas costs . Officeworks Earnings growth supported by improved back-to-school performance and higher sales across B2B, technology and key categories impacted by COVID-19 • Realisation of benefits from recent investments to drive productivity and efficiency • Earnings supported by sales growth across the division Blackwoods impacted by cost inflation and timing lag in changes to contract pricing $669m ↑ 23.9% $200m ↑ 10.5% $100m ↑ 8.7% $345m ↑ 7.1% $115m ↑ 16.2% $53m 1 3.9% Industrial and Safety • • Earnings increased in Workwear Group and Coregas Wesfarmers Health . Acceleration of, and investment in, transformation activities $45m $18m • Earnings impacted by additional costs associated with transition to new Sydney Fulfilment Centre, and impact of higher operating costs in Clear Skincare Catch • • Some progress from restructuring activities, with 2H23 losses reducing relative to 1H23 $40m of restructuring costs (including $7m in 2H23) due to inventory provisions, redundancies and write-offs ($163m) ($55m) 1. Variance figures for FY23 EBT are against FY22 EBT. Variance figures for 2H23 EBT are against 2H22 EBT. 2. Earnings are inclusive of acquisition-related expenses. See divisional summaries from slide 22 for more information. 3. Variance figures exclude earnings from Catch during FY22. 2023 Full-year results | 12

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