Announcement

FLLYR: KMD: FY21 Annual Results Announcement 09:29am 
KMD
21/09/2021 09:28
FLLYR
PRICE SENSITIVE
REL: 0928 HRS Kathmandu Holdings Limited

FLLYR: KMD: FY21 Annual Results Announcement

21 September 2021
(All amounts in NZ$ unless otherwise stated)

Group result underpinned by strong Rip Curl performance

o Strong sales performance from Rip Curl and Oboz, driven by participation
growth in surfing and hiking
o Kathmandu impacted by COVID related travel restrictions
o Investment program in online capabilities delivering results, with online
sales accounting for 14.4% of direct to consumer (DTC) sales; a 4-year CAGR
of 21.9% p.a.
o Strong forward order books for Rip Curl and Oboz, above pre-COVID levels
o Strong balance sheet with $37 million net cash, and clean inventory
position
o Final dividend of 3.0 cents per share (fully franked for Australian
shareholders); total FY21 dividend of 5.0 cents per share
o Refreshed Group strategy to drive global brand growth and cement ESG
leadership

Kathmandu Holdings Limited (ASX/NZX: KMD) is pleased to announce its results
for the 12 months ended 31 July 2021 (FY21).

FY21 key highlights (vs FY20):

o Sales up 15.1% to $922.8 million, including a full 12 month contribution
from Rip Curl
o Gross margin up 40 bps to 58.7%
o Underlying EBITDA up 35.9% to $113.3 million (excluding the impact of IFRS
16 and one-off abnormal costs), driven by strong sales performance and
focused management of operating expenses
o Statutory NPAT of $63.4 million
o Underlying NPAT up 110% to $66.3 million (excluding the impact of IFRS 16
and one-off abnormal costs)
o Strong balance sheet with $37.0 million net cash, allows the Group to
manage any short-term COVID-related challenges while supporting continued
growth investment
o Final dividend of 3.0 cents per share (fully franked for Australian
shareholders); total FY21 dividend of 5.0 cents per share.

The following are attached in relation to Kathmandu Holdings Limited's Full
Year Result for the period to 31 July 2021:
1. Results Announcement
2. Media Announcement
3. Financial Statements and Independent Auditor's Report
4. Investor Presentation
5. Distribution Notice

Investor briefing

A briefing session for investors and analysts will be hosted by Michael Daly
(Group CEO) and Chris Kinraid (Group CFO) at 8.30am AEST / 10:30am NZST
today, Tuesday 21 September 2021. For those wishing to participate, please
register for the briefing at the following link:
https://event.webcasts.com/starthere.jsp?ei=1488260&tp_key=c191381705
or dial one of the numbers below and provide the participant code to the
operator:

Australia Toll Free: 1 800 590 693
Australia Local: +61 (0)7 3105 0937
Australia Alt. Local: +61 (0)3 8317 0929
New Zealand Toll Free: 0800 423 972
United States: +1 323-794-2095

Participant Code: 329079

- ENDS -

For further information, please contact:

Investors
Eric Kuret
Market Eye
P: +61 417 311 335
E: eric.kuret@marketeye.com.au

Media
Helen McCombie
Citadel-MAGNUS
P: + 61 2 8234 0103
End CA:00379473 For:KMD Type:FLLYR Time:2021-09-21 09:29:01

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