EBOS GROUP LIMITED

1
EBOS GROUP LIMITED

• Annual Results
• Analyst-Broker-Media
• Presentation 20 August 2009

2
EBOS Group Ltd

• Mark Waller
• Chief Executive Officer and Managing Director.
• Dennis Doherty
• Chief Financial Officer

3
Agenda

• Corporate Overview
• Key Messages
• Annual Results
• Financial Trends
• Outlook
• Q A

4
Corporate Overview

• Market Capitalisation 274.29 million
• Issued Shares 48.98 million
• Share Price 5.60
• 52 week trading range 3.85-5.60.
• Price Earnings Ratio 13.6x
• Net Asset Backing Per Share 3.31

5
Streamlined Group Structure
6
Group FY09 Key Messages

• EBOS continues to perform and deliver on growth
  expectations - in a difficult and complex
  economic environment.
• Our business plan is on track.
• Though not immune from the recession its impact
  has been modest, reflecting the resilient nature
  of our business.
• Strong cash generation from trading performance.
• Focus on working capital and rigorous KPIs makes
  EBOS a sound, reliable, business partner in
  uncertain times.
• Investment fundamentals remain strong.

7
Summary of Results FY09

• Revenue set a new record at 1,344 million.
• EBITDA was a record NZ38.7 million, up 15.1.
• Net profit after tax of 19.7 million, up 18.4.
• Earnings Per Share increased to 41.1 cents.
• Bonus share distribution of 14.5 cents per share.
  Total for FY09 25 cents per share.

8
Financial Trends - Revenue
9
Financial Trends - EBITDA
10
Financial Trends - NPAT
11
Financial Trends EPS
12
Financial Trends Debt to Debt Equity

• Operational cash flow record of 33.3 million in
  FY09.
• Strong operating cash flows has enabled EBOS to
  steadily reduce debt ratios to a conservative
  level.
• Net interest bearing debt to net interest bearing
  debt equity trend
• 2005 2006 2007 2008 2009
• 40.2 42.3 8.1 32.0 19.6

13
Operational Highlights

• All Healthcare businesses delivered improved
  earnings in 2009 year.
• EBOS Australia recorded very strong profit growth
  leveraging off our broader market platform.
• Scientific division performed to 91 of last
  years profit in a challenging market for capital
  equipment sales.
• Wholesale and logistics businesses have benefited
  from rigorous cost reduction measures taken to
  ensure competitiveness.

14
Operational Highlights (Continued)

• Major focus on inventory and working capital
  management aided cash flow.
• We further improved our performance for suppliers
  in providing them the best possible channels to
  market.
• Strong balance sheet position assisted by
  combination of cash flow and rollover of bank
  facilities until 2011.

15
Outlook

• EBOS remains optimistic about medium term
  prospects.
• We will closely follow the outcome of the
  Government review of the District Health Board
  system, given our ability to efficiently
  interface with hospital markets, and market
  position with more touch-points in the health
  sector than any other business in New Zealand.
• We expect to sustain strong performance in the
  Primary Care, Aged Care/Rehabilitation and
  Consumer markets.

16
Outlook

• Focus on ongoing debt reduction and cash flow
  management.
• Conservative balance sheet provides head-room for
  further expansion.
• EBOS will continue to evaluate industry prospects
  that add value and shareholder value.
• EBOS is favourably placed moving into FY10.

17
Q A

• Questions first from those in the room
• Followed by questions from those on the phone.