Shriro : AGM Chairman's Address and CEO Presentation

15 December 2021

onlyChairman's Address

It is with pleasure that I welcome you to Shriro Holdings Limited's second Annual General Meeting this calendar year and my first as Chairman.

As the recently appointed Chairman, I would like to take this opportunity to introduce you to Kim Slater who was appointed a Non Executive Director on 1 October. I know I can speak on behalf of Kim and say that we are useboth very much looking forward to working with the Board and Management to make a positive contribution

to the Company as it moves into executing its recently formulated strategy.

Before I get to my report, I would like to recognise the service, contribution and leadership of our former Chairman, Stephen Heath. Stephen provided sound governance, energy and work ethic which has placed Shriro in a sound stable position. I would similarly like to thank and recognise my other fellow directors, Abigail Cheadle and Cheryl Hayman for their tireless, ongoing commitment and work.

personalShriro has now transitioned to a financial year end of 30 June. This resulted in a 6 month shortened financial period and a Company performance record for the six months. Revenue increased 20% to $94.3M and the

EBITDA of $12.3M and NPAT of $6.8M were record results for the 6 months ended 30 June, with Covid-19 lock- downs helping to drive consumer demand towards home related products.

Shriro's strong Balance Sheet with $17.3M of cash on hand at 30 June 2021 allowed the Company to pay a dividend of 6 cents per share fully franked for the six month period. This represented a payout ratio of approximately 83.9%.

Key projects undertaken in the six months included:

• An increased digital media advertising spend for the BBQ business in the USA market,
• A significant information technology investment in:

1. An Enterprise Resource Planning (ERP) system evaluation ahead of deciding on the system we wish to implement;

	o An investment in operation e-commerce capability;
	o A new customer relationship management system using Salesforce.
For	• A focus on ensuring the security over supply chain lead times which assisted with the increase in BBQs
international growth
• A product quality insurance programme for the Company owned premium product range; and
• We also focussed on investment in human resources across a number of areas, specifically :
o Instituting hybrid working model for staff;
o Commencing an internal professional learning and development programme
o We added additional senior resources across the business
o Utilising a work health and safety consultant to develop best practice in health and safety for
	Shriro.

Now, before I hand over to Tim, I would like to comment on recent economic events.

SHRIRO HOLDINGS LIMITED

Level 7, 67 Albert Avenue

Chatswood, NSW, 2067

Like many businesses, Shriro's operations have been impacted by government enforced retail shutdowns in Australia and New Zealand. These market conditions and the previously announced cyber incident have meant the Board has met a record numbers of times in the 5 months since 30 June 2021 to consider and respond to the issues at hand.

The Company is now working on the development of a future focussed strategic plan, maximising operational
efficiencies and resources as we head into our next growth .
only
On behalf of the Board, I would like to thank our CEO, Tim Hargreaves, his management team and all of the
Shriro staff for continuing to work productively through the challenging lock-down periods.
A	d finally, I would like to thank you, our shareholders, many of whom have remained owners since the IPO,
f	r your continued support. I look forward to working as Chairman this year, particularly as the Company is

well placed financially and is in a position to continue its success.

I now invite Tim Hargreaves to present his CEO report in which he will present the outcomes of the 6 month usefinancial period ended 30 June 2021 in more detail before we proceed with the formal business of the meeting.

personalFor

SHRIRO HOLDINGS LIMITED

Level 7, 67 Albert Avenue

Chatswood, NSW, 2067

SHRIRO

onlyAGM PRESENTATION

15th December 2021 useersonal

SHM Board Members

use only		Abigail Cheadle	Cheryl Hayman
Cornelia Meyer
ersonal	Chairman	Independent Director	Independent Director
		Chairman ARC Committee	Member ARC Committee
		Member REM Committee	Chairman REM Committee

Kim Slater	Tim Hargreaves
Independent Director	Chief Executive Officer
Member ARC Committee
Director
Member REM Committee

Audit, Risk & Compliance (ARC) Committee Remuneration and Nominations (REM) Committee

Shriro Holdings 2021 AGM

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Agenda

• Technical and Procedural Matters

only	Chairman's Address
•
•	CEO's Address
•	Business of the AGM
use	Proxy Votes received
•
•	Questions
•	Voting Closes
ersonal	Final Votes
•
•	Close of Meeting

Shriro Holdings 2021 AGM

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