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>EBOS Group (EBO) delivered a solid 1H23 result broadly in-line with our expectations.</li><li>Underlying NPAT was A$141.6m (FB; A$143.7m, consensus; A$143.1m) with higher D&amp;A and interest costs (offset slightly by lower tax rate) driving the slight miss versus our expectations.</li><li>As always, minimal guidance was provided – EBO continues to expect “another year of profitable growth in FY23”.</li></ul>

EBOS Group (EBO) delivered a solid 1H23 result broadly in-line with our expectations.Underlying NPAT was A$141.6m (FB; A$143.7m, consensus; A$143.1m) with higher D&amp;A and interest costs (offset slightly by lower tax rate) driving the slight miss versus our expectations.As always, minimal guidance was provided – EBO continues to expect “another year of profitable growth in FY23”.

EBOS Group (EBO): 1H23 Result – Initial Impressions

Ebos Group Ltd

EBOS Group (EBO): 1H23 Result – Initial Impressions