2023 Full-year results

Industrial and Safety overview . . Revenue growth of 3.5% to $1,992m - Blackwoods' revenue increased due to growth across major trading regions and from strategic customers in Australia, particularly in mining, utilities and manufacturing, and continued demand in New Zealand - - Workwear Group's revenue increased due to higher demand for corporate, emergency and defence uniforms. Revenues from industrial workwear brands increased, including KingGee and Hard Yakka Coregas' revenues increased due to higher demand from industrial and healthcare customers Revenue growth partially offset by divestment of Greencap consulting business on 1 August 2022 Earnings growth of 8.7% to $100m Blackwoods' earnings were below the prior year, with higher sales offset by the margin impact of inflationary cost pressures and the timing lag in changes to customer contract pricing, continued investment in customer service and digital capabilities (including completing ERP implementation) and costs associated with the impact from domestic supply chain disruptions - Workwear Group's earnings increased on the prior year, supported by higher sales and margins, partially offset by costs associated with the impact from domestic supply chain disruptions in both Australia and New Zealand · Coregas' earnings growth was supported by higher sales, partially offset by higher material, energy and distribution costs Earnings include a modest gain on sale associated with the divestment of Greencap in 1H23 2023 Full-year results | 45

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