Strategic Growth and Financial Position Update

Continued progress on strategy Strategic priority Leverage and build on core assets & brands to drive revenue and market share growth Add value to customers through improved insights, analytics and processes Build "fit for future" culture, engagement and capability Build an advantaged Supply Chain to deliver superior NPD, Quality and Service at best cost Drive cost out in SG&A and Supply Chain to improve profitability and allow selective reinvestment ■ Progress against priorities Growing share consistently in core segments Strong new product and breakthrough innovation pipeline in FY18 ■ Consumer engagement - concept centres opening (Adelaide and Sydney); digital presence enhanced ■ Clear portfolio direction on core brands: Caroma, Clark and Dorf ■ Joint business plans with major merchants driving agreed targets / initiatives - - Specific customer plans for R&R re product ranging, improved showroom presence Initiatives in place to unlock untapped growth areas - Aged Care, Commercial R&R Employee alignment on values and behaviours to drive strategy Employee engagement strategy - Get, Grow, Keep ■ Sales and Marketing capability build implemented ■ Dual-sourcing progressing for continuity of supply ■ First Asian consolidation hub complete - direct shipping to port Integrated Business Planning focused on inventory management to drive working capital improvement ■ Ahead of target to reduce costs by $13-15m by FY19 Corporate costs down a further 2% GWA Group Limited inspire Caroma CLARK dorf Gainsborough API ENTER WITH STYLE Locksmiths Page 19

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