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>Pacific Edge’s (PEB) 2Q23 test volumes highlight ongoing solid momentum with +11% sequential growth versus 1Q23 and +36% year on year.</li><li>2Q23 total lab throughput of 7,861 tests was +2% ahead of our 7,680 forecast.</li><li>Looking ahead, our 2H23 lab throughput forecasts imply +7% sequential growth for the remainder of the year versus 2Q23 or +13% versus 1H23.</li></ul>

Pacific Edge’s (PEB) 2Q23 test volumes highlight ongoing solid momentum with +11% sequential growth versus 1Q23 and +36% year on year.2Q23 total lab throughput of 7,861 tests was +2% ahead of our 7,680 forecast.Looking ahead, our 2H23 lab throughput forecasts imply +7% sequential growth for the remainder of the year versus 2Q23 or +13% versus 1H23.

Pacific Edge (PEB): 2Q23 Update – Solid Momentum Continues