Investor Presentaiton

Woolworths Group Full Year Results 2023 Average inventory days up marginally; strong ROFE growth on COVID-impacted prior year 1 29.9 F21 Average inventory days1 28.6 F22 29.7 F23 Average inventory days increased by 1.1 days due to higher inventory holdings driven by inflation and improved availability Average inventory days is calculated as the average of the last 13 months divided by the last 52 weeks cost of sales multiplied by 364 days. Days reflect the reclassification of DC costs into gross profit ROFE Percentage (%) 14.9 13.7 F22 F23 ROFE (before significant items) was 14.9%, an increase of 1.2 pts compared to F22 largely due to higher Group EBIT from continuing operations 19

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