Investor Presentaiton

KEY RESULTS Financial INCOME STATEMENT For the Year Ended NZD 000s 30 June 2022 30 June 2021 Variance $ Variance % • Record revenue of $209M +9% vs PCP • Revenue 208,909 191,734 17,175 9.0% Gross Profit 126,000 103,424 22,576 21.8% Gross Profit % • 60.3% 53.9% 6.4% 6.4% Marketing 28,062 24,216 (3,846) (15.9%) Sales Variable* 22,031 18,589 (3,442) (18.5%) • • Record gross profit 60.3% +640 bps +21.8% vs PCP Record brand investment $28.1M with marketing investment, 13.4% of revenue from 12.6% last year Transformation investment +$1.2M +103% Other expenses up 9.6% ($4.8M) however, circa 35% of this uplift is considered non recurring Operating profit $20.1M +65% vs PCP EBITDA $30.1m +17.9% at the top end of guidance Transformation* 2,378 1,172 (1,206) (103.0%) • 14.4% of sales vs 13.3% last year +110 bps Other Expenses 55,323 50,484 (4,839) (9.6%) • 16% normalised EBITDA** Operating Expenses 107,794 94,461 (13,333) (14.1%) • NPAT $12.8M +34.9% vs PCP Operating Profit 20,149 12,183 7,966 65.4% EBITDA* 30,083 25,523 4,560 17.9% Net Profit after Tax 12,784 9,479 3,305 34.9% COMVITA INVESTOR PRESENTATION FULL YEAR RESULT FY22 *EBITDA, sales variable and transformation are non-GAAP measures. We monitor these as key performance indicators and believe they assist investors in assessing the performance of the core operations of our business. **One off costs and transformation investment of $3.4m were added back. 20

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