Accordant Group ASM Presentation

Annual Meeting
of Shareholders
28 August 2025
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

Welcome
Simon Bennett
Chairman

ANNUAL MEETING OF SHAREHOLDERS 2025
Voting & asking questions
Question box
Voting Card

ANNUAL MEETING OF SHAREHOLDERS 2025
Agenda
1.Chairman’s Introduction
2.To note the consolidated financial statements for the year ended 31
st
March 2025
3.CEO Report and Update
4.Resolutions
•Directors Elections
4.1 Nick Simcock
4.2 Richard Stone
•4.3 Auditors’ Remuneration
5.Update on Senior Employee Share Incentive Scheme
6.General Business

Agenda Item 1
Chairman’s Address
Simon Bennett
Chairman

Agenda Item 2
Consolidated
Financial Statements
For the Year Ended 31 March 2025

Agenda Item 3
CEO Report & Update
Jason Cherrington
Chief Executive

ANNUAL MEETING OF SHAREHOLDERS 2025
FY25 Highlights
6,666
1,289
1,841
14,000+
31,000+
33,888
Candidates placed into a
temporary, contract or
permanent role.
Organisations
partnered with to deliver
recruitment services.
2024 Recruiter Insider Awards
Winner for Best NZ Agency –
Client Experience, NZ Best
Consultant – Client Experience
and NZ Best Consultant –
Candidate Experience.
Recertification of AWF’s Health
& Safety systems under two
prequalification assessments,
+IMPAC Prequalification and
Tōtika Gold Member Scheme.
Training outcomes delivered.
Temporary and contract
assignments filled across
New Zealand.
Safety engagements with our
temporary employees.
Hours worked by TWC
participants across 34 client
partners.
SEEK Annual Recruitment
Awards finalist for Recruitment
Leader of the Year.
$165.2m
$(0.6)m
Revenue
FY2024, $212.4 million
$28.0m
$19.9m
$(2.9)m
Net Profit / (Loss) After Tax
FY2024, $(10.0) million
Net Operating Cash Flow
FY2024, $2.3 million
Shareholders' Funds
FY2024, $22.6 million
Net Bank Debt
FY2024, $24.4 million

ANNUAL MEETING OF SHAREHOLDERS 2025
FY25 – Business Unit Summary
Improved profitability despite a more challenging
environment than the prior year

ANNUAL MEETING OF SHAREHOLDERS 2025
FY25 – Business Unit Summary
Health channel progressing, with greater access to
deliverbroader roles
Contingent solution growth mirrors our clients’
demand for greater flexibility in the medium term

ANNUAL MEETING OF SHAREHOLDERS 2025
FY25 – Business Unit Summary
Year-on-year growth across both senior executive
and non-executive search
Felt the biggest impact of government spending
reductions in permanent and contractor hires

ANNUAL MEETING OF SHAREHOLDERS 2025
FY25 – Business Unit Summary
Prolonged reduction in demand, retained key capability and stayed
engaged in the tech sector

ANNUAL MEETING OF SHAREHOLDERS 2025
Thematics remain challenging,
Brands remain relevant
Unemployment rate increased to 5.2%
There is still a nervousness around when to hire in many areas of the
economy

ANNUAL MEETING OF SHAREHOLDERS 2025
FY26 – Strategic Focus
Higher-value roles and longer-term contingent workforce solutions
Align with resilient sectors and clients with ongoing work pipelines
Maintain best-in-class health and safety practices
Leverage our diversified brand portfolio to offer end-to-end talent
solutions – an even stronger proposition for those rationalising
recruitment partners

ANNUAL MEETING OF SHAREHOLDERS 2025
FY26 -Outlook
Clients are confident in our expertise, process and extensive
international reach – top and bottom-line growth
Our reputation for safety, national reach, and delivery reliability
positions us as a preferred partner for manyclients
Madison’s entry into healthcare was a strategic move, strong
foundations laid, contingent continues to provide optionality for
clients

ANNUAL MEETING OF SHAREHOLDERS 2025
FY26 - Outlook
Seeing a steady increase in contractor placements during the
first quarter of FY26, pockets of activity in permanent
Demand for specialist skillsets remains measured at present, but
we anticipate acute talent shortages during an upswing and are
preparing accordingly

ANNUAL MEETING OF SHAREHOLDERS 2025
FY26 -AI Enabled, Human Centric
Our next step is embedding AI Assistants and Agents into our
operating platforms
Freeing up our people to focus on what they do best: building
relationships and finding the right fit
Digitisation
Automation
AI
Assistants
AI Agents

ANNUAL MEETING OF SHAREHOLDERS 2025

Agenda Item 4
Resolutions

ANNUAL MEETING OF SHAREHOLDERS 2025
Voting & asking questions
Question box
Voting Card

Director Elections
4.1 Recommended re-election of Nick Simcock
Agenda Item 4
Resolutions
Of the shares voted by proxy, 96.58% support resolution 4.1

Director Elections
4.2 Recommended re-election of Richard Stone
Of the shares voted by proxy, 96.58% support resolution 4.2
Agenda Item 4
Resolutions

Auditors' Remuneration
4.3 Authorise the Directors to fix the fees for the Auditors for the year
Of the shares voted by proxy, 96.66% support resolution 4.3
Agenda Item 4
Resolutions

Agenda Item 5
Update on Senior Employee
Share Incentive Scheme

Agenda Item 6
Questions & General Business

Thank you