Coventry Group (CYG) Investor Presentation summary

Capital raise and strategic turnaround

• Launching a pro-rata non-renounceable entitlement offer to raise up to A$20 million, primarily for debt reduction and working capital.

• Recent substantial restructure includes a refreshed board, new management, and a revised strategy focused on operational turnaround.

• The capital raise aims to strengthen the balance sheet and enable management to focus on growth initiatives.

Financial performance and outlook

• FY25 revenue was $364.6m, down 1.7% from FY24; EBITDA was $12.3m, down 40.9% from FY24.

• FY26 EBITDA guidance is set at over $20m, with a focus on disciplined execution and cost reductions.

• August YTD sales reached $65.2m with unaudited underlying EBITDA of $1.6m.

• Targeting $10m in corporate cost reductions and 10%+ EBITDA margins.

Offer structure and use of proceeds

• 2 for 7 entitlement offer at $0.60 per share, a 15% discount to last traded price, issuing approximately 34m new shares (28.5% of current capital).

• All directors committed to taking up their full entitlement.

• Proceeds allocated: $10m to net debt reduction, $9.9m to working capital, $0.1m to transaction costs.

• Pro-forma net debt to FY26 EBITDA ratio improves from 2.8x to as low as 1.8x with full uptake.