Highlights:IPD Group Limited (“IPD”) to acquire CMI Operations...

Highlights:

• IPD Group Limited (“IPD”) to acquire CMI Operations Pty Ltd (“CMI”), a leading distributor of electrical cables and manufacturer and distributor of plug brands in Australia, from ASX listed Excelsior Capital Limited (“Excelsior”)

• CMI is a strategically compelling acquisition in highly complementary sectors that extends IPD’s product suite, increases supplier diversity, strengthens its overall value proposition with existing customers and broadens customer reach

• The acquisition results in pro forma FY23A EPS accretion of over 30% (excluding synergies)1

• Acquisition to be funded with a combination of new debt facilities and a $65 million equity raising (“Equity Raising”) comprising of a $40 million institutional placement and a $25 million accelerated non-renounceable entitlement offer (“ANREO”)

• IPD also provides a H1 FY24 EBIT guidance of between $13.5-14.0 million