10 May 2021 ASX Market Announcements Office Australian Securities Exchange 20 Bridge Street Sydney NSW 2000 Demerger of Endeavour Group - Briefing Presentation Attached for release to the market is a presentation regarding the proposed demerger of Endeavour Group. Authorised by: Kate Eastoe, Group Company Secretary For further information contact: Media: Woolworths Group Press Office: +61 2 8885 1033
[email protected] Investors and Analysts: Paul van Meurs, Head of Investor Relations: +61 407 521 651 Woolworths Group Limited ABN 88 000 014 675 1 Woolworths Way, Bella Vista NSW 2153 ENDEAVOUR GROUP DEMERGER 1 Demerger of Endeavour Group Woolworths Group Limited ABN 88 00 014 675 Contents Overview and Woolworths Group 3 post demerger Endeavour Group post demerger 13 Endeavour Group financial overview 33 Woolworths Group Purpose ENDEAVOUR GROUP Completing the Endeavour Group Transformation DEMERGER 4 Stage 1 Stage 2 Stage 3 Restructure ALH Merger Separation • Internal reorganisation of • Endeavour to acquire BMG’s • Separation of Endeavour Woolworths Group to create interest in ALH in exchange for Activity Group from Woolworths a distinct legal entity, known issuing BMG with a 14.6% Group via demerger as Endeavour Group interest in Endeavour Group • To simplify Woolworths • To integrate the operations of Group’s corporate structure the Woolworths’ drinks • To create simpler, more focused, independent Purpose • To create a distinct legal entity business and ALH Group businesses better equipped for • To facilitate the ALH Merger • To