City Chic Collective : Investor Presentation and Trading Update

27 April 2022

City Chic Collective Limited

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Investor Presentation and Trading Update

City Chic Collective Limited (ASX: CCX) ("City Chic", or the "Group") today announces a trading update for 2H FY22 to date (the 17 trading weeks from 27 December 2021 to 24 April 2022), ahead of presenting at the Goldman Sachs Emerging Leaders Conference today, and at the Macquarie Australia Conference on 3 May 2022.

The trading update is included in the investor presentation that is attached to this announcement, which will be presented at both conferences.

Trading Update Conference Call

Phil Ryan, Managing Director and CEO, and Peter McClelland, CFO, will host a market conference call for investors and analysts today at 9.30-10.00am AEST to discuss the trading update.

To listen to the conference call, please pre-register via the link below:

https://s1.c-conf.com/diamondpass/10021770-4cSf66.html

The release of this announcement was authorised by the Board.

About City Chic Collective

City Chic Collective is a global omni-channel retailer specialising in plus-size women's apparel, footwear and accessories. It is a collective of customer-led brands including City Chic, Avenue, Evans, CCX, Hips & Curves and Fox & Royal. City Chic and CCX appeal to fashion forward women and its omni-channel model comprises; of a network of 94 stores across Australia and New Zealand (ANZ) and websites operating in ANZ, the US, the UK and Europe. Avenue (US based) and Evans (UK based) target a broad customer base across conservative and fashion segments, both with a long history and significant online customer following. Hips & Curves in the US, and Fox & Royal in ANZ, the UK and Europe, are online intimates brands. City Chic Collective owns recently acquired European-based online marketplace Navabi and also sells its collective of brands through third-party marketplace and wholesale partners in the US, Canada, UK, Europe and the Middle East.

Investor and Media Enquiries

Matthew Gregorowski +61 422 534 755 Maddie Seacombe +61 402 999 291 Citadel-MAGNUS

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PRESENTATION HIGHLIGHTS

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• • Execution of strategic plan on track for global growth

• • Product range that resonates globally

• • Strong 1H performance (Sales $178m representing 46% growth and $23.5m underlying EBITDA2)

• • 2H to date1 - strong total sales growth at 25% on pcp:

  • o USA total sales growth of 47%

  • o Evans performing at pre-acquisition levels

  • o AU sales performing above last year, with online up 13%

  • o Global partner sales growth of 465%, extending our omni channel presence in key markets

• • Inventory in all markets globally, ready to support continued growth despite increasing global supply chain volatility

• • 2H EBITDA to exceed 1H, subject to ongoing consumer demand in key trading months of May and June

  • 1. 17 trading weeks from 27 Dec to 24 April

  • 2. Underlying earnings adjusted for net expenses of $1.7m, which include costs associated with the acquisition of Navabi and its integration into the business, as well as costs associated with the impact of additional on-costs incurred on the vesting of performance rights in 1HFY22 and the outstanding performance rights and loan funded shares at the end of 1H FY22 (net of a favorable impact from the forfeiture of long-term performance incentives in 1H FY22). No adjustment for the non-cash long term incentive share-based payments expense of $0.7m in 1H FY22 ($1.5m in 1H FY21). Presented pre-AASB16

1H FY22 RESULT HIGHLIGHTS

• 1. Comparable sales exclude Wholesale and Online Marketplaces and the recent acquisition of Evans and Navabi; excludes period of extended store closures due to Government-directed lockdowns. On constant currency basis (prior year re-stated at current year FX rate)

• 2. Online represents websites and online marketplace sales; based on last 12 months revenue to remove seasonality impacts

• 3. Active customers include customers who have shopped online, in stores and omni-channel in the last 12 months; excludes wholesale and marketplace customers

• 4. Underlying earnings adjusted for net expenses of $1.7m, which include costs associated with the acquisition of Navabiand its integration into the business, as well as costs associated with the impact of additional on-costs incurred on the vesting of performance rights in 1HFY22 and the outstanding performance rights and loan funded shares at the end of 1H FY22 (net of a favourable impact from the forfeiture of long-term performance incentives in 1H FY22). No adjustment for the non-cash long term incentive share-based payments expense of $0.7m in 1H FY22 ($1.5m in 1H FY21). Presented pre-AASB16

• 5. Traffic to Online excludes traffic to Online Marketplaces

• 6. ANZ refers to Australia and New Zealand, Americas includes USA and Canada, EMEA region refers to UK, Europe, Middle East and Africa

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