New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

<ul><li>We expect EBOS Group (EBO) to report a solid 1H23 result with little surprises (given 1Q23 was pre-released) on Wednesday, 22 February 2023. </li><li>We expect it to be largely business as usual, with a continuation of healthy growth across the portfolio</li><li>Key focus areas are; (1) trading post 1Q23 (and if there are any signs of slowing earnings growth), (2) LifeHealthcare [LHC] insights, (3) Chemist Warehouse [CW] contract renewal updates, and (4) balance sheet.</li></ul>

We expect EBOS Group (EBO) to report a solid 1H23 result with little surprises (given 1Q23 was pre-released) on Wednesday, 22 February 2023. We expect it to be largely business as usual, with a continuation of healthy growth across the portfolioKey focus areas are; (1) trading post 1Q23 (and if there are any signs of slowing earnings growth), (2) LifeHealthcare [LHC] insights, (3) Chemist Warehouse [CW] contract renewal updates, and (4) balance sheet.

EBOS Group: 1H23 Preview — Any Signs of Slowing?

Ebos Group Ltd

EBOS Group: 1H23 Preview — Any Signs of Slowing?