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>FY22 result — solid as a rock: Strong result with EBITDA +19% versus FY21</li><li>EBO "expects another year of profitable growth" in FY23: Consistent with standard practice minimal commentary was provided</li><li>Balance sheet/M&amp;A: Net debt to EBITDA of ~1.9x</li></ul>

FY22 result — solid as a rock: Strong result with EBITDA +19% versus FY21EBO "expects another year of profitable growth" in FY23: Consistent with standard practice minimal commentary was providedBalance sheet/M&amp;A: Net debt to EBITDA of ~1.9x

EBOS Group: FY22 Result — Consistent Delivery

Ebos Group Ltd

EBOS Group: FY22 Result — Consistent Delivery