1H 2026 Half-Year Results Presentation

Good morning, everyone, and thank you for attending the DFI Retail Group 2026 Have Your Results presentation. I'm Karen Chan, Strategy and Investor Relations Director. Joining us today is Mr. Scott Price, Group Chief Executive Officer, and Mr. Tom Vanderley, Group Chief Financial Officer, who will be providing prepared remarks on our Have Your Results, followed by a Q&A session. Today's presentation is being broadcast in this entirety. In addition, the food, test results, and presentation slides are already uploaded onto the IR website. Before we start, I would like to remind you of the following forward-looking statement. The information about to be presented is for information purposes only and is not intended to be investment advice for any person. There is no intention to invite for any dealings in any securities. There may be forward-looking statements mentioning the presentation materials which include statements regarding our intent, belief, or current expectation with respect to the company's operations and market conditions. You are expressly advised not to rely on these

forward-looking statements as they are subjective views which are subject to risk and uncertainties. And with that I'll now pass the mic over to Scott. Thank you Karen and good morning everyone. Welcome to the DFI first half results. Let me first take you through some key highlights. Overall, solid performance on revenue, a consistent improvement in our like-for-like and that includes a 3% with the impact of cigarettes as well included and quite pleased with that performance. Overall margins improved across for the most part in the business. We're comfortable where we sit and on our way towards the midpoint guidance that we gave in December of last year in our investor day. So see margin expansion as an opportunity continuing moving forward. Health and beauty deepened its penetration of wellness products.

And for those of you who have attended previous events or have been to one of our stores with the derma, we see great margin opportunity coming out of the health and beauty. Convenience and home furnishing through 18 to 24 months of effort behind not only assortment but also investment in pricing, both of those formats return to growth. And our Hong Kong food business where 18 months ago we sat at roughly a 15% premium to a basket in greater Bay Area Shenzhen for formats. We set it about a 3% discount. So we removed the value of anyone going across the border. During the first half, we gained volume share, meaning absolute volume. We're going to look now through our efforts at that increased traffic to gain value share moving forward. Access to customers continue to open stores and focus

on CapEx Lite in South China and Indonesia. The digital ecosystem, I'll talk about that in a few more minutes in more detail, though, that I think has done very well. And we'll talk a bit about not only the retail media, but the overall digital ecosystem P&L. Lean in Agile, we continue to drive everyday low cost. It is an important part of our business model that allows us to not only take those savings to invest back into pricing for customers, but to also invest in increased margin for shareholders. And finally, we end the first half with a very strong balance sheet and allowing us, therefore, flexibility as we see inorganic opportunities moving forward. A bit more highlights in terms of the key financials before I turn it over to Tom. So over-law underlying profit increase, 44%. Subsidiary revenue grew 4.3% or 2.8% on a light for light.

strong health and beauty performance in terms of market share gains across all of our key markets. Convenience store like for like at a plus 2% driven by the higher margin ready to eat and exclusive collectibles versus the replacement of much lower margin tobacco sales. We did as I mentioned invest in pricing and achieved a like in Hong Kong a 0.5% like for like growth in the second quarter even though overall for the for the fourth half it was flat. Very strong performance in IKEA we put quite a bit of work in that and talk about that in a couple more minutes but a 4% growth like for like in a category that is generally seen as challenged, I think we have the right formula there. Ecommerce, DFI, Q Media, 35% of our revenue growth. And now that ecosystem is margin-accretive to

stores, meaning that the margin out of that digital ecosystem is higher than our store margins. 6.9% penetration of ecommerce and we have 300% increase in DFIQ media. Excluding the impact from cross-reallocation, we declined 15% our SG&A. So again, as I said, a consistent and constant focus upon everyday low cost. And then finally declaring an increase to our interim dividend of 77% to 6 cents 20 and reaffirm our guidance on a 70% dividend policy. And with that I'm going to hand it over to Tom. Thank you Scott. Let me take you to the key financials. Starting with the income statement, a very strong first half of 2026 and it shows that we are delivering this strategy which we set out at the investor days. And this puts us firmly on track to deliver the top end