Coventry : 17/03/2022 - Acquisitions Update Presentation

• Announced the acquisition of the business and assets of Goudie Holdings Limited and NZ Planks Limited (GHL) for NZ$8.5m cash plus up to an additional NZ$0.5m based on an earn out on EBITDA above a NZ$1.7m FY22 result.
• Expected completion on 31 March 2022, funded through the company's debt facility.
• GHL is Auckland's leading specialist in temporary fencing sales and hire and plank hire into our existing construction and infrastructure markets.
• GHL expands our Trade Distribution presence in New Zealand.
• In FY22, GHL is forecast to generate sales revenue of NZ$8.6m and adjusted EBITDA of NZ$1.9m.

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• Announced the acquisition of the business and assets of Fraser Coast Bolts and Industrial Supplies (FCB) for A$2.8m with expected completion on 31 March 2022, funded through the company's debt facility.
• FCB is a leading provider of fasteners and industrial supplies in the Hervey Bay and Bundaberg regions in Queensland.
• FCB has a diversified customer base in those regions.
• In FY21, FCB generated sales revenue of A$2.9m and adjusted EBITDA of A$0.6m.

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Reliance on third party information

The information and views expressed in this presentation were prepared by Coventry Group Ltd (the Company) and may contain information that has been derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information. No responsibility or liability is accepted by the Company, its officers, employees, agents or contractors for any errors, misstatements in or omissions from this presentation.

Presentation is a summary only

This presentation is information in a summary form only and does not purport to be complete. It should be read in conjunction with the Company's 2022 half year financial report. Any information or opinions expressed in this Presentation are subject to change without notice and the Company is not under any obligation to update or keep current the information contained within this presentation.

Not investment advice

This presentation is not intended and should not be considered to be the giving of investment advice by the Company or any of its shareholders, directors, officers, agents, employees or advisers. The information provided in this presentation has been prepared without taking into account the recipient's investment objectives, financial circumstances or particular needs. Each party to whom this presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary.

No offer of securities

Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell Company securities in any jurisdiction.

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Forward looking statements

This presentation may include forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, these statements are not guarantees or predictions of future performance, and involve both known and unknown risks, uncertainties and other factors, many of which are beyond the Company's control. As a result, actual results or developments may differ materially from those expressed in the statements contained in this presentation. Investors are cautioned that statements contained in the presentation are not guarantees or projections of future performance and actual results or developments may differ materially from those projected in forward-looking statements.

No liability

To the maximum extent permitted by law, neither the Company nor its related bodies corporate, directors, employees or agents, nor any other person, accepts any liability, including without limitation any liability arising from fault or negligence, for any direct, indirect or consequential loss arising from the use of this presentation or its contents or otherwise arising in connection with it.

For more information, please contact:

Robert Bulluss

CEO and Managing Director

Coventry Group Ltd (03) 9205 8219

Authorised for release by the Board of Directors of Coventry Group Limited.

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