InvoCare : 2021 AGM Presentation

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Positive recovery

• momentum in a year of disruption

2021 Annual General Meeting

20 May 2022

Important information

This presentation dated 20 May 2022 contains summary information about InvoCare Limited (ACN 060 060 031) and its related bodies corporate (together, InvoCare) and InvoCare's activities as at the date of this presentation. It is information given in summary form only and

onlydoes not purport to be complete. It should be read in conjunction with InvoCare's most recent financial report and other periodic corporate reports and continuous disclosure announcements filed with the Australian Securities Exchange (ASX), available at www.asx.com.au

The content of this Presentation is provided as at the date of this Presentation (unless otherwise stated). Reliance should not be placed n information or opinions contained in this Presentation and, subject nly to any legal obligation to do so, InvoCare does not have any

bligation to correct or update the content of this Presentation.

Not financial product advice or offer

useThis presentation is for information purposes only and is not a prospectus or product disclosure statement, financial product or investment advice or a recommendation to acquire InvoCare shares or other securities. It has been prepared without taking into account the investment objectives, financial situation or needs of individuals. Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own investment objectives, financial situation and needs and seek legal, taxation, business and/or financial advice appropriate to their

circumstances. Past performance is no guarantee of future ersonalperformance.

No representation or warranty, express or implied, is made as to the f irness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of InvoCare or its directors, employees or agents, nor any other person, accepts liability for any l ss arising from the use of this presentation or its contents or

otherwise arising in connection with it, including, without limitation, any liability from fault or negligence on the part of InvoCare or its directors, employees, contractors or agents.

Certain market and industry data used in this Presentation may have been obtained from research, surveys or studies conducted by third parties, including industry or general publications. Neither InvoCare nor its representatives have independently verified any such market or industry data provided by third parties or industry or general publications.

The distribution of this Presentation in jurisdictions outside Australia may be restricted by law and you should observe any such restrictions.

Forward-looking statements

This presentation contains forward-looking statements in relation to InvoCare, including statements regarding InvoCare's intent, belief, goals, objectives, initiatives, commitments or current expectations with respect to InvoCare's business and operations, market conditions, results of operations and financial conditions, and risk management practices. Forward-looking statements can generally be identified by the use of words such as 'forecast', 'estimate', 'plan', 'will', 'anticipate',

'may', 'believe', 'should', 'expect', 'intend', 'outlook' and 'guidance' and

other similar expressions.

The forward-looking statements are based on InvoCare's good faith assumptions as to the financial, market, risk, regulatory and other relevant environments that will exist and affect InvoCare's business and operations in the future. InvoCare does not give any assurance that the assumptions will prove to be correct. The forward-looking statements involve known and unknown risks, uncertainties and assumptions and other important factors, many of which are beyond the control of InvoCare, that could cause the actual results, performances or achievements of InvoCare to be materially different

InvoCare Investor Presentation FY21 | 2

to future results, performances or achievements expressed or implied by the statements.

Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as at the date of the presentation. Except as required by applicable laws or regulations, InvoCare does not undertake any obligation to publicly update or revise any of the forward-looking statements or to advise of any change in assumptions on which any such statement is based.

Non-IFRS financial information

To support an understanding of comparable business performance, this presentation presents results on a statutory and Operating/Non Operating (non-IFRS) basis when presenting measures of profitability. InvoCare considers Operating EBITDA, EBIT and NPAT as key performance measures. These measures are adjusted earnings before interest, tax, depreciation and amortisation as applicable after excluding the following items:

• The financial impacts of the prepaid funeral business;
• Other non-operating activities, including asset sales gain/loss,

impairment loss, SaaS arrangements costs and restructuring costs as applicable.

Balance sheet and cash flow information presented is consistent with the information disclosed in the statutory presentation in the Annual Report.

Due to rounding, numbers presented throughout this document may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.

Forest Lawn Memorial Park, NSW

onlyAcknowledgement of Country

useInvoCare wishes to acknowledge the traditional custodians of the land we are meeting on, the Cammeraygal people of the Guringai tribe of the Eora nation

We acknowledge and respect their continuing culture and the contribution they make to this city and region.

In the spirit of reconciliation and in keeping with the vision of InvoCare, we also wish to acknowledge, honour and celebrate the Traditional

Custodians of country throughout Australia, and recognise the unique connection to the land, sea and relationships across communities of ersonalwhich we are privileged to be a part.

We pay our respect to Elders, past, present and emerging, and extend that respect to all Aboriginal and Torres Strait Islander peoples today.

Cover image: Day of the Dead, Mexico

Agenda

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Chair's Address	Bart Vogel, Chairman
CEO's Address	Olivier Chretien, CEO
Questions	Bart Vogel, Chairman

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Team at Purslowe & Chipper, WA

onlyuse Chair's Address

Bart Vogel, Chairman Non-Executive Director

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