Honma Golf : Presentation

Nov. 2022

HONMA GOLF LIMITED (6858.HK) 2022/2023 INTERIM RESULTS

ONE OF THE MOST PRESTIGIOUS AND ICONIC BRANDS IN THE GOLF INDUSTRY

2022/2023 INTERIM RESULTS

DISCLAIMER

You must read the terms, conditions, limitations, notifications, restrictions, acknowledgments and representations in the following (the "Terms") before reading or making any other use of this presentation. In reading or making any other use of this presentation, you acknowledge and agree to be bound by the following Terms. These materials, and any further information made available to you during this presentation, are fully based on information that has already been in public domain. Honma Golf Limited (the "Company") will not be discussing or providing any information or materials which are not already in the public domain. This presentation, the materials contained herein, and any further information made available to you, may not be copied, reproduced or redistributed to any other person in any manner or published, in whole or in part, for any purpose, at any time, without the prior written consent of the Company. You will return to the Company all materials provided to you at the end of this presentation. This presentation does not purport to provide a complete description of the matters to which it relates. No representation, warranty or undertaking, express or implied, is or will be made or given by, and no responsibility or liability is or will be accepted by, any person (for the avoidance of doubt, including but not limited to, the Company, its subsidiaries, affiliates, controlling persons, directors, officers, employees, agents, representatives or advisers of any of the foregoing), with respect to the accuracy, reliability, correctness, fairness or completeness of this presentation or its contents or any oral or written communication in connection with this presentation. In addition, any analyses included herein are not and do not purport to be appraisals of the assets, stock or business of the Company or any of its holding companies, subsidiaries or other affiliates. Nothing contained in this presentation is, or shall be, relied upon as a promise or representation as to the future or as a representation or warranty otherwise. Nothing in this presentation constitutes or forms part of, or should be construed as constituting or forming part of, any regulatory, valuation, legal, tax, accounting, investment, or other advice. Nothing in this presentation constitutes or forms part of, or should be construed as constituting or forming part of, any recommendation, solicitation, offer or commitment to purchase, sell, subscribe for or underwrite any securities by any party, or to extend any credit or provide any assurance to you or to enter into any transaction. You should consult with such advisers as you deem necessary to assist you in making any investment decision with respect to the Company, including, but not limited to, your accountants, investment advisors and legal and/or tax experts. None of the Company, its subsidiaries, affiliates, controlling persons, directors, officers, employees, agents, representatives or advisers of any of the foregoing shall have any liability (in negligence or otherwise) in respect of the use of, or reliance upon, the information contained herein by you or any person to whom the information herein is disclosed. The contents of this presentation are subject to corrections or changes at any time without further notice. The information contained in these materials also contains certain forward-looking statements, which are based on various assumptions and subject to risks and uncertainties. In light of these assumptions, risks, and uncertainties, the future facts, events and circumstances described in these materials may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward looking statements. The forward-looking statements are not a guarantee of future performance. Each of the Company, its subsidiaries, affiliates, controlling persons, directors, officers, employees, agents, representatives or advisers of any of the foregoing assumes no obligation to (1) provide access to any additional information, (2) correct any inaccuracies in this presentation, or (3) update or otherwise revise this presentation, for any reason whatsoever, including without limitation to reflect new information, events or circumstances that arise, occur or become known after the date of this presentation. This presentation is for information purposes only and does not constitute an offer or invitation for the sale or purchase of any security. Any such offer or invitation will be made solely through a prospectus or offering circular in compliance with applicable laws and any decision to purchase or subscribe for any security should be made solely on the basis of the information contained in such prospectus or offering circular issued in connection with such offer or invitation.

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2022/2023 INTERIM RESULTS

CONTENTS

1．HONMA

2．PERFORMANCE OVERVIEW

3．BUSINESS HIGHLIGHT

4．FINANCIAL REVIEW

5．OUTLOOK

6．APPENDIX

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2022/2023 INTERIM RESULTS

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HONMA

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2022/2023 INTERIM RESULTS

#1 PREMIUM GOLF BRAND FOUNDED IN 1959, JAPAN

60+ YEARS OF DEDICATIONS TOWARDS QUALITY AND CRAFTSMANSHIP THE ONLY VERTICALLY INTEGRATED GOLF COMPANY IN THE WORLD

IN-HOUSE R&D AND

CLUB MANUFACTURING

• 236 R&D personnel and skilled craftsmen operating out of 163,000 m2 of manufacturing base in Sakata, Japan
• Advanced and sophisticated design and manufacturing capacity, housed under one roof

COMPREHENSIVE CLUB AND

NON-CLUB PRODUCT PORTFOLIO

• Diversified range of products
• Club portfolio focusing on super-premium and premium-performance consumer segments
• Comprehensive range of non-club products including balls, apparels and accessories

EXTENSIVE DTC +

DISTRIBUTION NETWORK

• Presence in over 50 countries
• Unique omni channel, 83 self-operated stores overlayed with 3,831 third party POS
• Fast growing E-commerce business in China, Japan and the US

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