FY19 Annual Results Announcement

18 September 2019 (All amounts in NZ$ unless otherwise stated) Kathmandu Holdings Limited delivers another record full year result Key highlights (FY19 vs FY18): o Successfully executing multi-channel, brand led growth strategy o Summit Club members up 12.4% to 2.2 million o Sales up 9.7% to $545.6 million - Same store sales growth +0.6% at constant exchange rates, with Australia +2.7% -- Oboz rapid sales growth, up 30.0% to US$44.6 million -- Online sales up 9.2% at constant exchange rates to $48.4 million; now comprising 10.1% of direct to consumer sales o Gross profit up 5.4% to $332.5 million o EBIT up 12.7% to $84.3 million o NPAT up 13.6% to $57.6 million o Operating cash flow $61.7 million, with strong operating cash flow in second half of $77.9 million o Final FY19 fully imputed/franked dividend of NZ 12.0 cents per share; record high full year payout of NZ 16.0 cents per share Kathmandu Holdings Limited (ASX/NZX: KMD) is pleased to announce its results for the 12 months ended 31 July 2019 (FY19), a year that delivered another record result and reflected the successful rollout of the Company's multi-channel, brand led growth strategy. The following are attached in relation to Kathmandu Holdings Limited's Full Year Result for the period to 31 July 2019: - Results Announcement - Media Announcement - Financial Statements and the Auditors Independent Review Report - Investors Presentation For further information, please contact: Corporate Chris Kinraid Chief Financial Officer P: +64 21 390 669 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:00341141 For:KMD Type:FLLYR Time:2019-09-18 09:32:02