Cettire : H1 FY22 Appendix 4D and Financial Report

onlyAppendix 4D and Report

For The Half Year Ended

use31 December 2021 personalFor

Cettire Limited

Appendix 4D - Half year report

For personal use only

Company details

Name of entity	Cettire Limited
Reporting period	For the half‑year ended 31 December 2021
Previous period	For the half‑year ended 31 December 2020

Results for announcement to the market

	31 December 2021	31 December 2020	Up/Down	Change %
Revenue from ordinary	113,706,269	40,527,503	Up	181%
activities
Net profit/(loss) after tax from	(8,299,186)	2,302,958	Down	(460)%
ordinary activities attributable
to members
Net profit/(loss) after tax	(8,299,186)	2,302,958	Down	(460)%
attributable to members

Dividends

No dividends were declared or paid for the half year ended 31 December 2021 (31 December 2020: $Nil).

As set out in the Prospectus, an unfranked dividend of $3,305,000 was paid to the sole shareholder prior to the corporate re‑organisation and IPO.

Net tangible assets

	Reporting period	Previous period
	Cents	Cents
Net tangible assets per ordinary security	5.0	8.9

The calculation of net tangible assets per ordinary security is based on the condensed statement of financial position and the closing number of shares for 31 December 2021. The number of shares used for the 31 December 2020 comparator was 381,238,220.

Commentary on results for the period

Refer to the attached Consolidated Financial Report for the half‑year ended 31 December 2021.

Control gained or lost over entities

On 5 October 2021, Cettire Limited gained control over Cettire Limited, a UK company, for nil consideration.

Other information

This information should be read in conjunction with the 2021 Annual Report.

Additional information supporting the Appendix 4D disclosure requirements can be found in the Directors' Report and the Consolidated Financial Report for the half‑year ended 31 December 2021, which is attached.

This report is based on the consolidated financial statements for the half‑year ended 31 December 2021 which have been reviewed by Grant Thornton Audit Pty Ltd.

CeTTIRE | Appendix 4D and Report

For personal use only

Contents

1. Directors' report
2. Auditor's independence declaration
3. Condensed statement of profit or loss and other comprehensive income
4. Condensed statement of financial position
5. Condensed statement of changes in equity
6. Condensed Statement of cash flows
7. Notes to the financial statements

1. Director's declaration
2. Independent auditor's review report to the members of Cettire Limited

1. Corporate directory

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Directors' report

31 December 2021

onlyYour directors present their report on the consolidated entity (the "Group" or "Cettire") consisting of Cettire Limited (the "Company" or 'Parent Entity') and the entities it controlled at the end of, or during, the half‑year ended

31 December 2021.

Directors

The following persons were directors of Cettire Limited during the half‑year and up to the date of this report, unless

useotherwise stated:

Kerry (Bob) East, Chairman and Non‑Executive Director Dean Mintz, Executive Director and Chief Executive Officer Bruce Rathie, Non‑Executive Director

Richard (Rick) Dennis, Non‑Executive Director

Company Secretary

personalFiona van Wyk was Company Secretary for the half‑year and up to the date of this report.

Principal activities

During the half year the principal continuing activities of the Group consisted of online retail sales.

Dividends

There were no dividends paid, recommended

or declared during H1 FY22. During the half‑year ended

31 December 2020 (H1 FY21), a dividend of $3,305,000 was paid to the shareholder.

Significant changes in the state of affairs

There were no significant changes in the state of affairs of the Group during the financial period.

Review of operations

During the half‑year ended 31 December 2021, Cettire achieved several important milestones and delivered

Forstrong business results including:

• Sales revenue of $113.7 million, up 181% on the prior corresponding period ("pcp");

• Active customers growing to 208,721 (208% growth vs pcp; 82% growth vs FY21);

• 214,822 orders processed, up 221% on the pcp; and

• 46% of gross revenue from returning customers (34% in the pcp).

Financial performance

Sales revenue for the half year was $113.7 million (2020: $40.5 million), an increase of 181% on the pcp. Growth was driven primarily by growth in active customers which increased by 208% to 208,721 at period end (2021: $67,657)

Statutory gross profit increased in the half year to $24.7 million (2020: $11.3 million), predominantly driven by the growth in revenue.

Statutory net profit/(loss) after tax for the half year was $(8.3) million, (2020: $2.3 million), as the Group invested for further growth.

Events occurring after balance sheet date

The impact of the Coronavirus (COVID‑19) pandemic is ongoing and it is not practicable to estimate the potential impact, positive or negative, after the reporting date. The situation is continually developing and is dependent on measures imposed by the Australian Government and other countries, such as maintaining social distancing requirements, quarantine, travel restrictions and any economic stimulus that may be provided.

No other item, transaction or event has arisen since

31 December 2021 that has significantly affected, or may significantly affect the group's operations, the results of those operations, or the group's state of affairs in future financial periods.

Rounding of amounts

The Group is of a kind referred to in Corporations Instrument 2016/191, issued by the Australian Securities and Investments Commission, relating to 'rounding‑off'. Amounts in this report have been rounded off in accordance with that Corporations Instrument to the nearest dollar.

Auditor's independence declaration

A copy of the auditor's independence declaration as required under section 307C of the Corporations Act 2001 is set out immediately after this director's report.

This report is made in accordance with a resolution of the Directors.

Kerry Robert (Bob) East

Chairman and Non‑Executive Director

2 February 2022

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Auditor's independence declaration

For personal use only

Collins Square, Tower 5

727 Collins Street

Melbourne VIC 3008

Correspondence to:

GPO Box 4736

Melbourne Victoria 3001

T [phone]

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W www.grantthornton.com.au

Auditor's Independence Declaration

To the Directors of Cettire Limited

In accordance with the requirements of section 307C of the Corporations Act 2001, as lead auditor for the review of Cettire Limited for the half-year ended 31 December 2021, I declare that, to the best of my knowledge and belief, there have been:

1. no contraventions of the auditor independence requirements of the Corporations Act 2001 in relation to the review; and
2. no contraventions of any applicable code of professional conduct in relation to the review.

Grant Thornton Audit Pty Ltd

Chartered Accountants

A C Pitts

Partner - Audit & Assurance

Melbourne, 2 February 2022

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