Metcash (MTS) investor relations material

Opening remarks and agenda

• Chair opened the meeting, acknowledged traditional custodians, and confirmed a quorum for the online AGM.

• Introduced Board members, leadership team, and auditors, outlining their roles and availability for questions.

• Agenda included review of activities, financials for FY2026, director and auditor reports, director election, remuneration report adoption, performance rights grant, and approval of financial assistance.

Financial performance review

• Group revenue reached AUD 19.6 billion, up 0.7% (3.8% ex-tobacco); EBITDA was AUD 761.7 million, up 1.9%; EBIT was AUD 503.7 million.

• Operating cash flow was AUD 558 million, up 3.5%; underlying profit after tax was AUD 268.8 million; reported PAT was AUD 279.1 million, down 1.5%.

• Total dividends were AUD 0.18 per share, fully franked, representing approximately 74% of underlying profit after tax.

• Balance sheet leverage at 1x, providing flexibility for investment and returns.

• Food sales were AUD 10.5 billion (-0.6%), Liquor AUD 5.4 billion (+1.0%), Hardware & Tools AUD 3.7 billion (+4.3%).

Board and executive committee updates

• Helen Nash retired from the Board in July 2026; Nicky Sparshott joined as Non-Executive Director.

• Board chaired by Peter Birtles, with key committees led by Mark Johnson, Marina Go, and Margie Haseltine.

• Executive team includes Doug Jones (CEO), Deepa Sita (CFO), and leaders for Food, Hardware, Liquor, Legal, Growth, People & Culture, and IT.

• Board focused on succession planning, diversity, and maintaining a balance of skills and independence.