Savor 2022 Annual Meeting

114 Quay St, Auckland
Level 4, Seafarers Building
www.savor.co.nz
Annual Shareholders Meeting 2022 addresses
Welcome
Welcome to Savor’s 2022 Annual Shareholders Meeting, I’m Lucien Law, CEO, and with me today is
Paul Robinson, our Executive Chairman.
It’s been a few years since we held an AGM in person so it’s exciting to be able to do in person today
and in the new MoVida restaurant.
After the meeting has concluded, we would like invite you over to Bar Non Solo and we can try some
of the MoVida offering and some hospitality.
I’ll hand you over now to Paul Robinson our Chairman now.

Formalities
Can I please ask that you put your mobile phone on silent. Health & Safety requires me to say that
the toilet facilities are located in the corridor next to where you entered from the lift area. If a fire
alarm is to sound, please follow directions from staff and make your way down the stairwell and
through the lobby out to either Quay Street or Tyler Street.
Our Board representatives, who you probably have not had the chance to meet in person are here
with us today to answer any questions you have:
- Ryan Davis, Chair of the Audit & Risk Committee
- Louise Alexander, Chair of the People & Culture Committee
- And Lucien Law, our CEO
Joining us today are members of our executive team including Tim Peat, our CFO, and Joanna Cooke,
our Group Operations Director.
Finally, I’d like to welcome the team from our share registrar, Link Market Services. They will help
conduct the voting on the formal business later in the meeting and also act as scrutineer.
As with a normal annual meeting anyone in the room will be able to ask questions and vote. I
encourage you to do so.

114 Quay St, Auckland
Level 4, Seafarers Building
www.savor.co.nz
Notice of Meeting
The Company Secretary has confirmed to me that the Notice of Meeting has been sent to
shareholders and other persons entitled to receive it.
Quorum
I have been advised that there is a quorum present and so I declare the 2022 Annual Meeting of
Shareholder open
Proxies
Proxies have been appointed for the purposes of this meeting in respect of approximately 28 million
shares, representing over 42% of the total number of shares.
I’d like to thank shareholders for their level of participation in today’s meeting.
My fellow directors and I intend to vote all discretionary proxies we have received in favour of the
Resolutions as set out in the Notice of Meeting.

Agenda
Turning to the agenda for today’s proceedings.
As a 31 March year end company it is too soon to give a half year results update so instead I will
cover the year to date results and headline the various business group’s performance before
spotlighting the Board’s key objectives before handing over to Lucien to look through COVID and
detail how we intend to achieve this.
We will then deal with the formal business of the meeting, being the reappointment of Directors and
fixing the auditors remuneration for the coming year.

114 Quay St, Auckland
Level 4, Seafarers Building
www.savor.co.nz
Year to date trading update
We are extremely pleased with the strong revenue performance for the year to the end of July of
$14.5m, bouncing back after the lifting of Omicron restrictions. The strength of our venues has again
been on display as customer demand remains strong.
However, this has been muted by the difficult trading environment with labour shortages and supply
challenges leading to the Group experiencing margin compression.
Margin compression has been driven by three key factors:
First, wage inflation, then inflation in our cost of goods, and capacity constraints.
These combined led to an annualised 7% cost increase to the business. We expect capacity
constraints to be resolved by November with 50 offshore staff being deployed.

The Group has acted strongly in response, exercising our brand pricing power by:
In July, we increased menu pricing by an average of 7% across all venues.
Then, in August, in response to excise tax inflation, we increased our alcohol pricing by a further 10%
across the Group.

The net result is an annualised increase of 11% of revenue, more than offsetting the 7% increase in
the Group’s cost base. This demonstrates again the power of our stable of brands and results in
protection of our margin across the year.

The Group remains confident that further growth over previous years is within reach but is limited
by the tight labour market and delays in Government immigration policy.

114 Quay St, Auckland
Level 4, Seafarers Building
www.savor.co.nz
The repayment of debt has continued at an accelerated rate throughout COVID, with over $2.8m of
principal repaid since April last year. With the expansion of the Group through recent acquisitions
and new openings, we expect the debt to EBITDA ratio to be less than 1 to 1 by the end of 2024.
This ratio of debt positions the Group well to deliver free cash flows to power future growth or
enable a return to shareholders should the gross debt be at an acceptable level to the Board.

Snapshot of Business Unit Performance
The next slides demonstrate the key financial metrics of our most iconic venues. These show the
strength of our assets and that the Group is well positioned to take advantage of no trading
restrictions and further recovery of tourism.

Azabu
The Azabu sites at Ponsonby and Mission Bay together deliver annual sales in excess of $4m each.
This translates to an annual revenue per seat in the venues of $42,500 on average. Customer spend
remains high at an average of $80 per person, with the sites delivering strong EBITDA margin returns
of 21-23% between them.

Non Solo Pizza
Non Solo Pizza continues to defend its iconic position in the Italian dining scene in Auckland, with
expected annual sales $5.7m, driven by revenue per seat of $47,500. Following the renovation of the
site in 2020, we’ve been pleased to see average spend per head lift to $90, with the venue delivering
solid EBITDA returns of 23-25%

Amano
Week by week the popularity of Amano demonstrates the strength of this addition to the Group,
with annual revenue of $15m. EBITDA and average cheque size are slightly lower than other venues

114 Quay St, Auckland
Level 4, Seafarers Building
www.savor.co.nz
as a result of lower value per head breakfast service, and the Bakery. The Bakery outperforms
expectations with over $60,000 of sales per week.

Key Objectives
The Group’s three key objectives from a shareholder perspective:
i) To drive free cash flows
ii) Share Price Recovery
iii) Liquidity in our stock

I’ll now pass over to Lucien to discuss our growth plans for the Group.

CEO’s Address
The Board has been firmly focused on driving growth for the Group to gain size and scale, and enable
the efficiencies that come with that.
Our current suite of venues are on track to deliver annualised revenue of $50m, with the opening of
MoVida and Bivacco expected to contribute a further $20m to bring the Group to a total of $70m by
2024.

This graph shows the trajectory of revenue for the Group over the past five years, with each point
making a significant difference to the overall Group position. Managing to achieving growth while
navigating the last 2 years of the pandemic and multiple closers has not been easy but has
established a solid base for growth.

As you’ll see from where we are today, MoVida opens this week for the first time in New Zealand.
We expect $7.5m of revenue from this level of the building (which was achieved by Ostro at its
prime)

114 Quay St, Auckland
Level 4, Seafarers Building
www.savor.co.nz
The style of food and strong food to beverage ratio allows for solid EBITDA returns - consistent with
the rest of the Group.
We’re excited about what the future holds for MoVida, with the licensing agreement permitting
future expansion.

In May it was exciting to announce securing the Viaduct Harbour’s most desirable corner site –
formerly the successful Headquarters.
We’re currently in construction with the intention of opening in November this year.
We believe the development of Bivacco is a strong statement for Savor’s first venue in the Viaduct
precinct, with expected annual revenue of $12.5m and an approximate EBITDA return of 25% it’s a
key venue in our growth plans.
It’s an amazing site and I’m very pleased with the development so far.
It’s a large site with over 140 dining seats inside and on the veranda, 67 waterfront outdoor seats
whilst maintaining a bar with 240sm - which enjoys all day sun.

At $70m of revenue each year, Savor has scale.

At $70m of revenue, Savor is an $8-10m EBITDA business:
- The Group’s overheads and listing costs will be less than 5% of revenue
- Opens Savor to a wider range of investors
- Third party debt to EBITDA will be at an all time low ratio of approximately 1:1.
- Expected free cash flows of $3-5m annually to fuel growth or enable a potential return to
shareholders.
The share price is currently trading at a multiple of 3 times compared to an international average of
more than twice this.

114 Quay St, Auckland
Level 4, Seafarers Building
www.savor.co.nz
Savor has transformed the Moa business from one that focused on revenue into a business driving
profitability. The merger of Savor ended the perpetual losses and delivered a breakeven position for
the first time since listing.
Each step along the way has brought revenue growth and driven the profitability of the Group as a
whole:
- The acquisitions of NSP and Mission Bay increased Group EBITDA by over $2m
- The divestment of the brewing business freed up $3m of working capital and $2m of Group
overheads.
- The acquisition of the Hipgroup venues brought scale and in a normalised trading
environment would have delivered $7m of EBITDA.
- Bringing on MoVida and Bivacco will further drive economies of scale with no significant
incremental overheads.
- Over a period of 3 short years, the Group will be on track to deliver in excess of $70m in
revenue and between $8 to $10m in EBITDA.

Looking forward I believe Savor has the portfolio of brands to grow to a $100m revenue business.

We see the growth of the Group to $100m revenue through three pillars. Our signature venues, and
growth in the fast casual sector through OJI and Amano.

OJI is positioned as a premium, specialist sushi brand, competing with the likes of St Pierre’s. We’ve
built on our experience and skill from our Japanese restaurants to deliver a higher quality sushi
menu at an affordable price.

When we acquired OJI we identified 3 areas for expansion:
OJI stores – with 3 existing stores through Commercial Bay and Britomart, and 1 in Wynyard Quarter
opening later this year

114 Quay St, Auckland
Level 4, Seafarers Building
www.savor.co.nz
OJI inside – OJI is currently in one Four Square with two more due to open this year, and OJI is due to
launch into Farro in September in the Grey Lynn store with a clear pathway to roll out to all 6 Farro
stores over the next 3 months
OJI in Schools – We saw a gap in the healthy quality lunch time offer in schools and targeted
Auckland’s private schools. We’ve started with 6 schools in a progressive roll-out and are planning to
push for more schools in term 4.

OJI continues to demonstrate significant sales growth since we acquired it on a purely cost recovery
basis.
Over the past six months, sales have tripled from $100k to $300k per month, demonstrating 20%
month on month growth over that time.
We see more growth with the CBD getting busier from tourists and summer trading, and believe
sales will continue to grow as we get back to full strength staffing levels and continue product
innovation.
OJI has risen to be a top performing store in Commercial Bay amongst a competitive set of over 35
offerings.

The Amano Bakery continues to be a stand-out performer in Britomart, consistently delivering
revenue per week in excess of $60,000.
It has proven to be resilient to the ebb & flow of CBD workers and maintained its sales as “work from
home” trends have continued, cementing its place as a destination venue.

We see the expansion of Amano is focused on two key areas of growth.

Amano Britomart is a “Centre of Excellence” for the Amano brand. With an investment of $7m to
build, we do not intend replicate this in any great number.

114 Quay St, Auckland
Level 4, Seafarers Building
www.savor.co.nz
Amano Bakery is a key area of growth for us with future standalone stores that we can develop into
neighbourhood bakery, deli and wine bar concepts. We see a demand for this offering in a number
of Auckland neighbourhoods.
Wholesale supply is the other area of growth for Amano. We have had a few large retailers
expressing interest in the Amano product. We will explore this route once we build production
capacity.

Formal Business
Ladies and Gentlemen, we now come to the formal part of the business - matters requiring
resolution, which are outlined in the Notice of Meeting.
There will be an opportunity for shareholders to ask questions on each matter being put to
shareholders.
For the sake of good order, shareholders questions raised should relate directly to the matter being
considered.
Now, moving to the resolutions, a poll will be held on each of these resolutions.
Shareholders joining us today here, you would been given your shareholder voting card. If you are a
shareholder and did not register on arrival and wish to vote, please make your way to the
registration desk across the floor behind the bar and staff from Link will assist you. Please mark your
voting intention for each resolution and the voting cards will be collected at the conclusion of the
meeting.
Results of the vote will be announced via the Exchange.
Each resolution set out in the Notice of Meeting is to be considered as an ordinary resolution and, as
such, must be approved by a simple majority of the votes cast by shareholders entitled to vote and
voting on the resolution.
The outcome of proxy votes will be displayed for your information after voting on all the resolutions.
Resolution 1 – Re-election of Paul Robinson

114 Quay St, Auckland
Level 4, Seafarers Building
www.savor.co.nz
As Resolution 1 concerns the re-election of myself as a Director of the Company I’ll ask Louise
Alexander to step in to complete the formal process for this resolution.

Resolution 1 concerns the re-election of Paul Robinson as a Director of the Company.
I now propose that Paul Robinson is re-elected as a Director of the Company.
Thank you – please mark your voting cards in the way you wish to vote by ticking “FOR”, “AGAINST”
or "ABSTAIN" in the appropriate place on the voting card.

Resolution 2- Re-election of Lucien Law
Resolution 2 concerns the re-election of Lucien Law as a Director of the Company.
I now propose that Lucien Law is re-elected as a Director of the Company.
Thank you – please mark your voting cards in the way you wish to vote by ticking “FOR”, “AGAINST”
or "ABSTAIN" in the appropriate place on the voting card.

Resolution 3: Auditors Remuneration
Resolution 3 concerns the authorisation of the Directors to fix the remuneration of the Auditors for
the coming year.
I now propose that the Directors of the Company be authorised to fix the remuneration of the
Auditors for the coming year.
Thank you – please mark your voting cards in the way you wish to vote by ticking “FOR”, “AGAINST”
or "ABSTAIN" in the appropriate place on the voting card.

That completes voting on the resolutions. The Registrar, Link Market Services will now move through
the room to collect your voting cards.
Questions

114 Quay St, Auckland
Level 4, Seafarers Building
www.savor.co.nz
I would now like to give shareholders the opportunity to ask questions.

To begin, we’ve received one question from a shareholder ahead of the meeting, which was:
Savor's reputation as an employer took a hit in August 2021 lockdowns due to how employees were
paid the subsidy and the support of those on casual/ low-hour minimum contracts. Is it accepted this
may being having a material impact on hiring and attracting new talent? If so, what is being done to
repair the brand of Savor as an employer?
Response:
There’s a few things to unpack here, most of which we discussed at last year’s meeting, but what I
would say is that the allegations made were factually incorrect and once we wrote to Newshub in a
legal capacity the article was removed.
We haven’t seen an impact of this on our ability to attract new talent, with over 240 staff employed
since January and over 100 in the last three months. Our average staff tenure is two and a half years,
and we haven’t had any of our venue senior management leave in the past six months.
Secondly, we had a question on the rating of Savor Group on Google.
The low rating relates to the holding company, Savor Group Limited, the ratings for the individual
venues average above 4.4. We were subject to some fake reviews following the news articles but
this has now stopped.

Closing Remarks
Thank you, this now brings the Annual Meeting to a close. Please enjoy the refreshments provided
and taste a sample of the best of what MoVida has to offer.
End of Meeting

---

Annual
Shareholders
Meeting
30 August 2022
LIMITED

Welcome
2
Savor Limited Annual Shareholders Meeting

Agenda
– Year to date trading update
– External debt position
– Key Objectives
– Turning Savor into a $70m business by 2024
– Powering growth to $100m revenue
– Focus for the next 12 months
– Formal business
– Questions
– Close
3
Savor Limited Annual Shareholders Meeting

Chairman
Paul Robinson
4
Savor Limited Annual Shareholders Meeting

Year to date trading update - April through July
Strong revenue performance of $14.5m with the Group bouncing back after Omicron restrictions lifted.
Year to date revenue exceeding expectations with customer demand demonstrating the strength of our
venues. Revenue ($14.5m) vs. budget ($11.3m) is 28% up for the year to date period.
Nevertheless it has been a difficult trading environment with labour shortages, supply challenges and
capacity constraints with ongoing staff sickness has led to the Group experiencing margin compression.
Margin compression has been driven by:
- Wage inflation
- COGS inflation
- Capacity constraints
The first two forces have combined to yield an annualised 7% cost increase to the business. The
capacity constraints are likely to be resolved by November with 50 offshore staff being deployed.
5
Savor Limited Annual Shareholders Meeting

Our reaction has been to exercise our pricing power by:
- In July, increasing menu pricing by an average of 7% across all venues
- In August, increasing alcohol pricing by 10% across the Group
The net result is an annualised increase in revenue of 11% compared to a 7% increase in cost
base across the Group. This demonstrates the power of our stable of brands resulting in margin
protection across the year.
Further growth within reach but temporarily limited by the tight labour market and delays in
Government immigration policy.
Our team continue to go above and beyond to deliver great service, despite sickness and
shortages due to ongoing COVID-19 challenges.
Year to date trading update - April through July
6
Savor Limited Annual Shareholders Meeting

Ratio of debt to EBITDA
*
Debt repayment has continued at an
accelerate rate through COVID with
$2.8m principal repayment since
April 2021.
Expected debt to EBITDA ratio to be
less than 1:1 by 2024 (excluding further
growth opportunities).
This ratio of debt positions the Group
well to deliver free cash flows to either
power future growth or enable a return
to shareholders assuming gross debt is
at an acceptable level.
-
2.00
4.00
6.00
8.00
2019202020212022
10.00
12.00
14.00
2024
*Annualised EBITDA under normalised trading conditions
7
Savor Limited Annual Shareholders Meeting

Trading snapshot
$8.5m
Annualised expected sales
$80
Average spend per head
21-23%
EBITDA returns
$42,500
Revenue per seat
&
Revenue is exceeding expectations, especially at Mission Bay
where the Azabu brand has been a great success story.
8
Savor Limited Annual Shareholders Meeting

Trading snapshot
– NSP is well ahead of budget for the year to date.
– Alcohol sales representing 46% of revenue, a margin
increase of 2% over 2019 sales.
$5.7m
Annualised expected sales
$90
Average spend per head
23-25%
EBITDA returns
$47,500
Revenue per seat
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Savor Limited Annual Shareholders Meeting

– At $15m of sales Amano would be NZ's most successful restaurant.
– EBITDA and average spend are slightly lower than other venues as a
result of the bakery outperforming by delivering in excess of $60k of
sales each week.
Trading snapshot
$15m
Annualised expected sales
$60
Average spend per head
20-22%
EBITDA returns
$89,000
Revenue per seat
10
Savor Limited Annual Shareholders Meeting

Key objectives
The Group has three key objectives:
1.
Drive free cash flows
2.
Share price recovery
3.
Liquidity in our stock
11
Savor Limited Annual Shareholders Meeting

CEO
Lucien Law
12
Savor Limited Annual Shareholders Meeting

Current portfolio of brands on track to
deliver $50m revenue.
*
New venues - MoVida and Bivacco
expected to contribute a further $20m
of revenue.
*
No additional significant overhead cost.
Turning Savor into a $70m revenue business
*Annualised and assuming an uninterrupted trading environment
13
Savor Limited Annual Shareholders Meeting

The pathway to $70m
0
10,000,000
20,000,000
30,000,000
40,000,000
60,000,000
70,000,000
80,000,000
50,000,000
20172018
Moa
standalone
Moa
standalone
2019
Savor
acquisition
NSP
2019202120222024
MoVida & Bivacco
2020
Mission Bay
Divest Moa
COVID-19
Hipgroup
$70m
$50m
14
Savor Limited Annual Shareholders Meeting

$7.5m
Expected annual revenue from MoVida
and Bar Non Solo (L2)
20-22%
EBITDA return (approx.)
Iconic Melbourne concept opens today for the first
time in New Zealand.
A license agreement with potential for future expansion.
Expected trading snapshot
15
Savor Limited Annual Shareholders Meeting

$12.5m
Expected annual revenue
25%
EBITDA return (approx.)
High return expected due to location,
complementary bar & strong beverage sales.
Premium venue, arguably Viaduct Harbour's most
desirable corner.
Strong statement for Savor’s first venue in the
Viaduct precinct.
Formally HQ in the Viaduct
Bivacco - Expected trading
16
Savor Limited Annual Shareholders Meeting

• At $70m of revenue Savor is a $8-10m EBITDA business
*
:
- Overheads & listing costs will be less than 5% of revenue
- Opens Savor to a wider range of investors
- Third party debt to EBITDA will be at an all time low of approximately 1:1
- Expected free cash flows of $3-5m annually to fuel growth or potentially
enable a return to shareholders
• Current trading multiple of 3 times vs. international average of more than twice this.
At $70m Savor has scale
*Annualised and assuming an uninterrupted trading environment
17
Savor Limited Annual Shareholders Meeting

Savor transformed the Moa business from one
that focussed on revenue to a business driving
profitability. The merger of Savor ended the losses
and delivered a breakeven position for the first time
since listing.
The acquisitions of NSP and Mission Bay increased
Group EBITDA by over $2m.
The divestment of the brewing business freed up
$3m of working capital and $2m of Group overheads.
The acquisition of the Hipgroup venues brought
scale and in a normalised trading environment would
have delivered $7m of EBITDA.
Bringing on MoVida and Bivacco will further drive
economies of scale with no incremental overheads.
Over 3 years, the Group will be on track to deliver
in excess of $70m in revenue and between $8m –
$10m EBITDA.
-4,000,000
-2,000,000
2,000,000
0
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
Divest Moa
Hipgroup
Movida &
Bivacco
20202019202120212024201720192018
Mission Bay
NSP
Group Profitability
Savor
acquisition
Moa
standalone
Moa
standalone
*Numbers shown are annualised and in a normal trading environment
18
Savor Limited Annual Shareholders Meeting

Savor has the portfolio
of brands to grow to a
$100m revenue business
19
Savor Limited Annual Shareholders Meeting

Growth to $100m revenue has 3 pillars
Signature
venues
OjiAmano
FAST CASUAL
20
Savor Limited Annual Shareholders Meeting
321

Fast food
with slow
food values
21
Savor Limited Annual Shareholders Meeting

OJI – the positioning
Oji Sushi is positioned as a premium,
specialist sushi brand, competing
with the likes of St Pierre's.
However, we believe we have a
higher quality sushi menu leaning
on our experience and skill from our
Japanese restaurants.
MULTI SITES
SINGLE SITE
LOW
QUALITY
PREMIUM
22
Savor Limited Annual Shareholders Meeting

OJI – a brand in growth
OJI StoresOJI InsideOJI in Schools
• 3x existing stores.
– 2x Commercial Bay.
– 1x Britomart.
• 1x Wynyard Quarter (Opening 2022).
* This has all been achieved in the 6 months since COVID-19 restrictions have been lifted.
• We saw a gap in the healthy quality lunch time offer in
schools and targeted Auckland's independent schools.
• Started with 6 schools in a progressive roll out.
• Now systems in place:
1/ App ordering. 2/ Delivery. 3/Range.
• Planning to push roll out for more schools in term 4.
• 1x Four Square in July with future Four Square
roll out planned.
• OJI launching in Farro in September in the
Grey Lynn store.
– Planned to roll out to all 6 Auckland Farro’s
over the next 3 months
When Savor acquired OJI we identified 3 areas for expansion.
23
Savor Limited Annual Shareholders Meeting

OJI: Sustained sales growth
Over the past 6 month sales have tripled,
from $100k to $300k per month of sales.
20% month-on-month growth for the past
6 months.
We see more growth with the CBD getting
busier from tourists and summer trading.
We believe sales will continue to grow as
we get back to full strength staffing levels
in September & October and continue
product innovation.
OJI has risen to be a top performing store
in Commercial Bay.
$-
$510,000
$100,000
$150,000
2021Jan-22Feb-22Mar-22Apr-22May-22Jun-22Jul-22Aug-22FY232020
Purchase date on a purely cost recovery basis
$200,000
$250,000
$300,000
$350,000
24
Savor Limited Annual Shareholders Meeting

Amano - Bakery
$60k
Average weekly revenue ($3.1m)
$17
Average transaction size
4,300
Customers per week
17-20%
EBITDA returns
Amano Bakery provides an all-day bakery
offering a step above the market. Opened in
2016 with solid founding credentials, Amano has
become a leading artisan bakery in Auckland.
25
Savor Limited Annual Shareholders Meeting

Amano Bakery consistently exceeds
$60k of sales per week.
It has proven to be resilient to the ebb &
flow of CBD workers and maintained its
sales as “work from home” trends have
continued.
Centralised production would ensure high
quality & allow for further expansion.
Amano - Bakery expansion
26
Savor Limited Annual Shareholders Meeting

Amano expansion
Amano BritomartAmano BakeryAmano Wholesale
• Amano Britomart is a brand temple of
excellence for the Amano brand.
• With an investment of $7m to build,
we do not see the need to replicate
these, but return for the full brand
experience.
• We have large retailers with strong
demand for our quality product.
• We will capture this once we build
production capacity to deliver this.
• Amano Bakery standalone stores.
• Bakery / Deli / neighbourhood wine bars.
• We see a demand for this offering in a
number of Auckland neighbourhoods.
Focusing on two key areas of growth.
27
Savor Limited Annual Shareholders Meeting

The pathway to $70m
0
10,000,000
20,000,000
30,000,000
40,000,000
60,000,000
70,000,000
80,000,000
50,000,000
20172018
Moa
standalone
Moa
standalone
2019
Savor
acquisition
NSP
2019202120222024
MoVida & Bivacco
2020
Mission Bay
Divest Moa
COVID-19
Hipgroup
$70m
$50m
28
Savor Limited Annual Shareholders Meeting

Formalities
The Group needs to address the following:
Resolution 1.
Re-election of Paul Robinson
Resolution 2.
Re-election of Lucien Law
Resolution 3.
Auditor Remuneration
29
Savor Limited Annual Shareholders Meeting

Resolution 1
Paul Robinson was appointed to the Board in April 2019 and
elected by shareholders in September 2019. Paul therefore
offers himself for re-election by shareholders at the 2022
Annual Meeting. Paul is currently Chair of the Board and a
member of the Audit & Risk and People & Culture Committees.
Paul Robinson has twenty years experience in structured
finance and strategy. From 1999 Paul spent nine years
originating structured trades based in London and in 2008 Paul
transferred to New York. In 2018 Paul and his family moved back
to New Zealand to enjoy life here and to take an active role in
Savor Group where he had a long term shareholding.
That Mr Paul Robinson be
re-elected as a Director of
the Company.
30
Savor Limited Annual Shareholders Meeting

Resolution 2
Lucien Law was appointed to the Board in April 2019 and elected by
shareholders in September 2019. Lucien therefore offers himself for re-
election by shareholders at the 2022 Annual Meeting. Lucien is currently
a member of the People & Culture Committee.
Over the past twelve years, Lucien has led a new wave in Auckland
hospitality, overseeing the building of a group of brands that have had a
significant impact on the city’s dining and entertainment scene.
His projects include award-winning modern Japanese restaurants Azabu
and Ebisu, contemporary New Zealand brasserie Ostro, along with Fukoku,
Las Vegas Club and Mission Bay Pavilion. One of his most ambitious
developments is Seafarers, spanning several floors in the historic
Seafarers building at Auckland’s Britomart.
Prior to his involvement in hospitality, Lucien founded highly successful
independent communications agency Shine, which has worked with
brands including Spark, Hyundai, Fonterra and Lion Breweries.
That Mr Lucien Law be
re-elected as a Director
of the Company.
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Savor Limited Annual Shareholders Meeting

Resolution 3
To authorise the Directors to fix
the auditors’ remuneration.
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Savor Limited Annual Shareholders Meeting

Questions
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Savor Limited Annual Shareholders Meeting

Thank you for attending our
Annual Shareholders Meeting
30 August 2022
LIMITED

Important Notice and Disclaimer
Disclaimer
This presentation has been prepared by Savor Limited (NZ company number 3979219, NZX ticker SVR (the “Company”).
Information
This presentation contains summary information about the Company and its activities which is current as at the date of this presentation. The information in
this presentation is of a general nature and does not purport to be complete nor does it contain all the information which a prospective investor may require
in evaluating a possible investment in the Company or that would be required in a product disclosure statement under the FMCA. The historical information
in this presentation is, or is based upon, information that has been released to NZX Limited (“NZX”). This presentation should be read in conjunction with the
Company’s annual report, market releases and other periodic and continuous disclosure announcements, which are available at www.nzx.com.
Not financial product advice
This presentation is for information purposes only and is not financial or investment advice or a recommendation to acquire the Company’s securities, and
has been prepared without taking into account the objectives, financial situation or needs of prospective investors. Before making an investment decision,
prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs and consult
a financial adviser, solicitor, accountant or other professional adviser if necessary.
Past performance
Any past performance information given in this presentation is given for illustrative purposes only and should not be relied upon as (and is not) an indication
of future performance. No representations or warranties are made as to the accuracy or completeness of such information.
Future performance
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and guidance on, future earnings and financial position and performance. Forward-looking information is inherently uncertain and subject to contingencies outside
of the Company’s control, and no assurance can be given that actual outcomes or performance will not materially differ from the forward-looking statements.
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Savor Limited Annual Shareholders Meeting

Important Notice and Disclaimer
Non-GAAP financial information
Certain financial information included in this presentation is non-GAAP financial information. This non-GAAP financial information is not audited, and
caution should be exercised as other companies may calculate these measures differently. The non-GAAP financial information includes pro forma
financial information to which certain adjustments have been made.
Savor Limited’s financial information has been prepared in accordance with Generally Accepted Accounting Practice. It complies with the New
Zealand Equivalents to International Financial Reporting Standards (NZ IFRS) and other applicable Financial Reporting Standards, as appropriate for
profit oriented entities. Savor’s financial statements also comply with International Financial Reporting Standards (IFRS).
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comply with such restrictions may violate applicable securities laws. See the “Foreign Selling Restrictions” section of this presentation. None of the
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or possession of this presentation from or in any jurisdiction.
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partners, employees, agents and advisers disclaim all liability and responsibility (whether in tort (including negligence) or otherwise) for any direct or
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Savor Limited Annual Shareholders Meeting