Sigma and CWG Merger Risks and Management Overview

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES CWG Provides a Compelling Proposition to Franchisees ☑ Product range and value proposition Franchisees offer their customers a wide range of health, wellness and beauty products, including several exclusively ranged brands, at discounted prices A Seamless omnichannel offering CWG's highly successful online store delivers a seamless omnichannel experience to end customers, supporting in-store trading, including via Click & Collect and Fast Delivery purchases, which are fulfilled by franchisees 22 22 $ Marketing firepower Industry disrupting Notes: 1. 2. Sustained investment in the Chemist Warehouse brand and supplier partnership model drives brand awareness and store traffic for franchisees Franchise model High quality suite of services made available by CWG to franchisees to help them operate and grow their business Franchisees derive 67%1 of their store revenue on average from "front-of-store" sales vs 27% on average for non-Chemist Warehouse pharmacies² Exceptional people and culture CWG instils a "Better Together" philosophy in all its dealings with suppliers and pharmacists that deliver better outcomes for all Total in-store and online sales fulfilled by Australian Chemist Warehouse franchisees in FY23 Sourced from IQVIA and adjusted for CWG management assumptions with respect to government recovery component

View entire presentation