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Investor Presentaiton

178 Subleases The key terms and conditions of the subleases between Woolworths Group Limited and Endeavour Group Limited are as follows: TERM Head lease Commencement date and term Option terms Occupancy costs Amenity Dealings Make good obligations DESCRIPTION Glossary GLOSSARY Active eCom customer Customers that have made a purchase online in the last four weeks AGW Australian Grocery Wholesalers Pty Limited The subleases contain an obligation on Endeavour to perform and observe Woolworths' obligations as tenant under the head lease that relate to the liquor premises. There is an obligation on Woolworths to observe and perform its obligations under the head lease. The term and further terms of each sublease align with the term and further terms under the relevant head lease, minus one day. Where Woolworths exercises its option to renew the head lease, it must offer a further term to Endeavour. However, in circumstances where head leases include an obligation to trade as a liquor store, Endeavour is obliged to exercise its option if Woolworths does. The rent and outgoings payable are calculated according to the proportion of the area of the liquor premises against the area of the whole premises. All occupancy costs must be paid by Endeavour to Woolworths, with any adjustments to outgoings to be made at the end of the financial year. Endeavour must not do anything that would detract from the amenity of the supermarket premises or interfere with Woolworths' business. Endeavour must not assign, sublet or license without Woolworths' consent. Consent may be granted or withheld at Woolworths' absolute discretion. A change in control of Endeavour is a breach of the sublease. B2B B2C Cash realisation ratio (CRR) Comparable sales Cost of doing business (CODB) Customer fulfilment centre (CFC) DAP Business to business Business to customer Operating cash flow as a percentage of Group net profit after tax before depreciation and amortisation Measure of sales excluding stores that have been opened or closed in the last 12 months and existing stores where there has been a demonstrable impact from store disruption because of store refurbishment or new store openings/closures Expenses relating to the operation of the business Dedicated online distribution centre Endeavour is required to leave the liquor premises in good and tenantable repair and condition. Endeavour must comply with the make good requirements under the head lease. 179 Annual Report 2023 Woolworths Group 1 highlights Performance 2 Delivery Unlimited DC Direct to boot eStore Everyday Market 4-yr CAGR FSC Funds employed GMV HSR MSRDC Net assets employed Net cash flow Net Promoter Score (NPS) n.m PC3 Pick up PPE Directly-attributable profit only includes costs directly attributable to the B2C eCommerce business, such as picking, packing and delivery costs; CFC and variable DC costs; marketing costs; eCommerce support costs; and CFC and eCommerce-specific asset depreciation Subscription service that gives customers access to free delivery on any Next and Same Day Delivery windows, or reduced fees for quicker delivery options (Delivery Now), free shipping at Everyday Market and 2x Everyday Rewards points on all online orders Distribution centre Where a customer places an order online and drives to a dedicated area where a team member places the order directly in the customer's boot Dedicated store for the fulfilment of online orders sometimes incorporating automation An integrated online marketplace that allows customers to shop products from other Woolworths Group brands and partners alongside their groceries Four-year compound annual growth rate. F23 results have been compared to normalised F19 results which have removed the impact of the 53rd week and if AASB 16 had been in place in F19 Forest Stewardship Council Net assets employed, excluding net tax balances Gross merchandise value Health star rating Melbourne South Regional Distribution Centre Net assets, excluding net debt and put option liabilities over non-controlling interests Cash flow generated by the Woolworths Group after equity related financing activities including dividends, repayment of lease liabilities and proceeds from related party A loyalty measure based on a single question where a customer rates a business on ascale of zero to 10. The score is the net result of the percentage of customers providing a score of nine or 10 (promoters) less the percentage of customers providing a score of zero to six (detractors) Not meaningful Primary Connect third-party logistics A service which enables collection of online shopping orders in store or at selected locations Personal protective equipment Business review 3 Directors' Report 4 Report Financial 5 Other information
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