Presumably yesterday’s fall was around fears over the duty/tax concerns. I originally took Cettire’s response at face value but did hear Claude asking the question is this where their competitive edge came from (baby giants pod)? And is that going to go away now they’ve been called on it… I don’t think so but keen for thoughts

Oh no… selling more shares Dean.

not personally worried about this, the guy still owns

37% of the business but I guess you’d like to think he’d keep a decent holding… what would that be? 20%? 10%? Even 10% of a billion dollar business is still pretty significant skin in the game…

or is it more about the active role in the business ie founder led?

 Partial Share Sale

Melbourne, Victoria: 11 August 2023 – Cettire Limited (ASX: CTT) (Company or Cettire) confirms that Mr Dean Mintz, Founder and CEO, has agreed to sell down approximately 33.3 million shares in the Company. This sell down represents 8.7% of the Company’s issued capital.

The sale was undertaken at a price of $3.00 per share by way of an underwritten block trade.

Following this sale, Mr. Mintz will retain a 37.2% shareholding in the Company and remain Cettire’s largest shareholder.

Mr Mintz said: “Cettire is in a very strong position with continued momentum, with all key markets performing strongly, as demonstrated in the Company’s FY23 Results released yesterday. In response to strong investor demand, undertaking this share sale provides enhanced liquidity and free float, improving the likelihood of achieving major index inclusion in the short to medium term.”

This announcement has been authorised for release by the Board of Directors of Cettire Limited.

Full year results are in and this thing is still growing super fast… I’m back in IRL over the last month in the basis that it has a potentially long runway and worldwide customer base… of course it’s a little speculative but could be massive long term

 Rapid, profitable growth, achieving FY23 Adjusted EBITDA of $29.3 million Melbourne, Australia: 10 August 2023 – Cettire Limited (ASX: CTT) (“Cettire” or the “Company”), a global

luxury online retailer, today released its results for the 12 months ended 30 June 2023 (FY23).

FY23 highlights (vs FY22):

● Gross revenue1 up 87% to $539.2 million

● Sales revenue up 98% to $416.2 million

● Active customers2 up 63% to ~423k, with year-on-year growth accelerating since Apr-23

● 58% of gross revenue from repeat customers (FY22: 50%)

● Delivered margin up 156% to $95.6 million

● Paid customer acquisition expenses 8.0% of sales revenue (FY22: 14.9%)

● Adj. EBITDA3 of $29.3 million (FY22: $(21.5) million)

● Statutory EBITDA of $25.8 million; Statutory NPAT of $16.0 million

● Ongoing localisation initiatives in progress, underpinning next wave of growth

● FY24 outlook:

o Operatingtomaximiseprofitablerevenuegrowth,whilstalsoself-funding

o PositivetradingmomentumcontinuesintoFY24ashealthydemandremains;growing

online luxury penetration provides supportive backdrop

o PositiveAdjustedEBITDAduringJul-23assalesrevenueincreasedbyapproximately

+120% 4 versus the pcp5

● The Company will host an investor webinar today, Thursday 10 August 2023 at 10.30 AEST. Click

here to register

Commenting on the FY23 results, Cettire’s Founder & CEO, Dean Mintz, said:

“FY23 has been another year of tremendous growth and transformation for Cettire. Through strong execution against our strategy to maximise profitable revenue growth, Cettire grew rapidly whilst also delivering significant profitability and cash generation.

Cettire is a highly nimble business, with a largely flexible cost base. This enables us to adjust quickly to market conditions and optimise performance. The pace at which we have been able to drive improved performance through FY23 is something I am particularly proud of.

1 Gross revenue is revenue net of GST/VAT/sales taxes but is exclusive of returns from customers; Sales revenue is gross revenues net of allowances and returns from customers

2 Active customers are unique customers who have made a purchase on the platform in the last 12 months

3 Cettire uses Adjusted EBITDA as a non-IFRS measure of business performance which excludes share-based payments, unrealised FX loss / (gain), loss/ (gain) on FX contracts and other items

4 Revenue growth in July is pre-accounting adjustments (deferred revenue and refund provisioning) 5 Prior corresponding period

 Cettire Limited – ACN 645 474 166

1

 Cettire stands out from other software and technology-enabled businesses globally for its ability to consistently grow rapidly, whilst achieving attractive levels of profitability and capital efficiency. We are very well positioned to continue to grow share of the personal luxury goods market.”

In FY23, active customers increased 63% to over 423,000. The Company has experienced a further acceleration in active customer growth since its April market update, achieving record quarterly net active customer additions in Q4 FY23. This was driven by continued strength in customer acquisitions and improvements in retention. Repeat customers accounted for 58% of gross revenues (FY22: 50%), with higher average spend per order and increased order frequency for this customer group.

The sustained strength in repeat customer purchasing behaviour continues to provide the Company with confidence to invest in pursuit of global growth. Paid acquisition of 8.0% of sales revenue during the year reflects more conservative operating settings as well as geographic and channel optimisation (FY22: 14.9%). Similarly, a moderation in brand investment to $3.3 million illustrates an increased focus on channels with nearer term payback (FY22 $11.8 million).

Delivered margin increased by 156% vs the pcp to $95.6 million, representing 23.0% of sales revenue (FY22: 17.8%). This demonstrates successful execution against several cost optimisation initiatives outlined at FY22 results, which reduced fulfilment cost per order, supplemented by a higher average order value.

Operating cash flow for the year was $36.5 million, driven by FY23 operating surplus (cash profit) and favourable working capital dynamics given Cettire’s capital light business model, which continues to provide a tail wind through this ongoing rapid growth phase. Year-end cash was $46.3 million, with zero financial debt.

 A$m unless stated FY23 FY22 Growth vs pcp

   Gross revenue1 539.2 287.8 87%

 Sales revenue1 416.2 209.9 98%

 Delivered margin 95.6 37.4 156%

 Adjusted EBITDA3 29.3 (21.5) N/a

 Adjusted EBITDA margin 7.0% (10.2)% +17.2pp

   Average order value (A$) 747 702 6%

 Active customers2 423,253 260,249 63%

 Gross revenue from repeat customers 58% 50% +8.0pp

 Cettire Limited – ACN 645 474 166

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 Business update

Localisation of Cettire’s platform remains a key strategic priority to drive penetration in its emerging markets. During FY23, the Company commenced deployment of multi-language features, including Chinese, Japanese and Spanish language sites. The localisation strategy has facilitated further rapid growth within its emerging markets, with FY23 gross revenues in these markets increasing by 140% vs the pcp. Emerging markets accounted for 27% of gross revenue during the period (FY22: 21%).

Much of Cettire’s localisation efforts have focused on the Chinese market launch. Due to the scale and significance of the opportunity, the Company has taken a disciplined approach to setting up its Chinese proposition, doing so in a way that affords Cettire the greatest optionality around channels to market.

The opportunity to grow penetration in Cettire’s top-three established markets (US, UK, Australia) also remains substantial. Established markets continued to perform strongly, increasing gross revenues by 77% vs the pcp, led by the US market which grew in-line with the Group.

Cettire expects the overall revenue base to continue to broaden as the Company further localises its proposition and grows its presence beyond established markets.

During the year, Cettire again achieved significant ongoing growth across its global supply chain, with the value of available inventory significantly expanding to approximately $2 billion. In line with Cettire’s strategy to provide a platform for all members of the supply chain, the Company added additional direct luxury brand supply relationships, including the commercial agreement with Zegna announced 15 December 2022, to directly integrate and sell its products on the Cettire platform.

Organisational capability continues to grow. In particular, Cettire has made several additional key engineering hires with world class pedigree during the period. The Company intends to continue to selectively build its technology talent where appropriate.

Cettire’s Founder & CEO, Dean Mintz, said:

"We have considerable momentum in the supply chain as our compelling supplier proposition gains traction. Our focus is on continuing to drive penetration across the supply chain, which in turn enables us to better serve our customers.”

FY24 Outlook and July trading update

In the coming year, Cettire will continue to focus on maximising profitable revenue growth, whilst also self- funding.

Cettire has continued to experience a healthy demand environment across its geographic footprint, illustrating the resilience of global luxury spend. The Company remains excited about the structural shift of luxury spend online, providing ongoing potential to expand its addressable market.

Cettire Limited – ACN 645 474 166

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 The Company is pleased to announce that positive trading momentum has continued into FY24, evidenced by the following observations through July 2023:

• Further acceleration in active customers growth rate to 67% versus the pcp;

• Sales revenue increased approximately 120% 6 versus the pcp; and

• Adjusted EBITDA profitability has been maintained.

Commenting on the Company’s sustained start to FY24 and outlook, Mr Mintz, said:

“We are pleased by the early trading in FY24, with all our key markets performing strongly. Cettire is well positioned for another strong year of growth and profitability. We are well advanced in our preparations for China market entry, which remains a very attractive market opportunity and offers significant incremental growth potential.”

Results webinar

Founder & CEO Dean Mintz and CFO Tim Hume will host an investor webinar at 10.30 am AEST on Thursday, 10 August 2023 to discuss the results. Register for the investor webinar via the link below:

https://us02web.zoom.us/webinar/register/WN_vkbJq5HvQg-xabfK2hCJTw

Questions can be pre-submitted to [email protected] or asked via the Q&A function during the webinar.

After registering, you will receive a confirmation email containing information about joining the webinar.

This document has been authorised for release by the Directors of Cettire Limited.

—ENDS

  6 Revenue growth in July is pre-accounting adjustments (deferred revenue and refund provisioning)

Cettire Limited – ACN 645 474 166

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 For further information, please contact:

Investors

Tim Hume

CFO [email protected]

Investors

Sam Wells

NWR Communications [email protected] +61 427 630 152

Media

Matt Wright

NWR Communications [email protected] +61 451 896 420

  Launched in 2017, Cettire is a global online retailer, offering a large selection of in‐demand personal luxury goods via its website, cettire.com. Cettire has access to an extensive catalogue of more than 2,500 luxury brands and 500,000 products of clothing, shoes, bags, and accessories. Visit: www.cettireinvestors.com

About Cettire

 Cettire Limited – ACN 645 474 166

5

looks impressive to me at least!!!

 Rapid, profitable growth delivering H1 Adjusted EBITDA of $16.7 million

Melbourne, Victoria: 7 February 2023 – Cettire Limited (ASX: CTT) (“Cettire” or the “Company”), a global luxury online retailer, is pleased to announce its results for the six months ended 31 December 2022 (“H1- FY23”).

H1-FY23 highlights:

• Gross revenue of $242.7 million, +57% versus prior corresponding period (“pcp”)

• Sales revenue of $187.7 million, +65% versus pcp

• Adjusted EBITDA of $16.7 million, 8.9% margin

• Statutory EBITDA of $13.9 million; statutory NPAT of $8.0 million

• Delivered margin of 25.1%; paid customer acquisition expenses 7.9% of sales revenue

• $53.3 million net cash balance as at 31 December 2022

• Operating to maximise profitable revenue growth, whilst self-funding

• Positive trading momentum continued into H2-FY23 as the demand environment remains healthy

o PositiveAdjustedEBITDAachievedduringJanuaryassalesrevenueincreasedbygreater than +80% versus pcp

o ContinuetotargetEBITDApositiveinH2-FY23

• Investor webinar to be held today, at 10.30 am – Tuesday, 7 February 2023 (click here to register)

Commenting on the Company’s performance in H1-FY23, Cettire’s Founder and CEO, Dean Mintz, said:

“It has been an exceptional half for Cettire as we continue to grow rapidly while delivering significant profitability. We remain laser focused on executing our strategy to maximise profitable revenue growth. I am particularly pleased that we have been able to continue our growth trajectory while cycling a period of significant marketing investment in Q2-FY22. Having successfully executed against the strategy outlined at our FY22 results, the H1- FY23 result highlights the potential of our unique business model as well as the benefits of our proprietary technology platform as we continue to scale globally.”

Profitable growth continues

Cettire demonstrated strong momentum across key trading metrics during H1-FY23:

 A$m unless stated H1-FY23 H1-FY22 Growth vs pcp

   Gross revenue1 242.7 154.1 57%

 Sales revenue 187.7 113.7 65%

 Delivered margin 47.0 24.7 90%

 Adjusted EBITDA2 16.7 (9.9) N/a

 Adjusted EBITDA margin 8.9% (8.7)% +17.6pp

   Average order value (A$) 759 712 7%

 Active customers3 313,982 208,721 50%

 Gross revenue from repeat customers 56% 46%

 1 Gross revenue is revenue net of GST/VAT but prior to returns from customers; Sales revenue is gross revenue net of allowances and returns from customers

2 Cettire uses Adjusted EBITDA as a non-IFRS measure of business performance which excludes expenses associated with the IPO, share-based payments, unrealised FX movements and loss/ (gain) on FX forward contracts

3 Active customers are those who have made a purchase in the last 12 months

1

Cettire Limited – ACN 645 474 166

 Cettire demonstrated a continuation of the strong revenue and profitability trends reported in the Q1-FY23 and AGM trading updates.

Gross revenue increased by 57% vs the pcp to $242.7 million, driven by growth in both order volume and average order value. Sales revenue increased by 65% vs the pcp to $187.7 million, reflecting the increase in gross revenue and a decrease in the returns rate to 22.6% (H1-FY22: 26.2%).

Delivered margin increased by 90% vs the pcp to $47.0 million, representing 25.1% of sales revenue. This demonstrates successful execution on the cost optimisation initiatives outlined at FY22 results, which reduced fulfilment cost per order and was supplemented by a higher average order value.

Through effective execution and continued refinements to its marketing strategy, the Company drove significant efficiencies in marketing investments. Paid acquisition costs decreased to 7.9% of sales revenue (H1-FY22: 16.1%).

Leveraging the Company’s lean operating cost structure with revenue growth and attractive unit economics translated into significant improvements in operating profitability, with Adjusted EBITDA of $16.7 million or 8.9% of sales revenue (H1-FY22: $(9.9) million).

Operating cash flow increased 192% vs the pcp to $35.8 million (H1-FY22: $12.3 million), with growth underpinned by the Company’s operating profitability, exceptional sales growth, capital light business model and attractive working capital profile.

At 31 December 2022, Cettire had a cash balance of $53.3 million and zero debt, providing balance sheet flexibility to capitalise on multiple attractive global growth opportunities.

Business update

Cettire’s localisation initiatives, enabled by its proprietary storefront software, remain a key strategic priority to increase penetration in emerging markets4. In accordance with its localisation strategy, during H1-FY23, the Company commenced deployment of multi-language features via the release of a Chinese language site. A Chinese language version of the mobile apps is also now live. In addition, Cettire broadened its partnership with Klarna to selected European markets including the UK. The localisation strategy has facilitated further rapid growth in emerging markets, with H1-FY23 gross revenues in these markets increasing by 101% vs the pcp. Emerging markets accounted for 25% of gross revenue during the period.5

During the period, Cettire again experienced strong growth across its global supply chain, with the available inventory now surpassing $1.2 billion. In line with Cettire’s strategy to provide a platform for all members of the supply chain, the Company added additional direct luxury brand supply relationships including a commercial agreement with Zegna, which enables the direct integration of products from the Zegna brand into Cettire’s platform.

Importantly, targeted investment in Cettire’s proprietary technology platform continues to develop the Company’s capability, while reinforcing its competitive advantage. During the half, Cettire continued to add to its world-class engineering team in an environment where many technology companies are decreasing headcount, demonstrating Cettire's confidence in the outlook.

 4 “Established” includes top 3 markets of Australia, U.S. & UK. “Emerging” includes all other markets 5 Metrics are pre-accounting adjustments (deferred revenue and refund provisioning)

2

Cettire Limited – ACN 645 474 166

 Trading update and outlook

The Company continues to experience a healthy demand environment across its geographic footprint. In light of the above, Cettire’s positive trading momentum has continued into H2-FY23:

• January 2023 sales revenue increased by greater than +80% versus pcp; and

• EBITDA positive during January 2023.

The Company continues to operate the business to maximise profitable revenue growth while also self-funding. Near term investment priorities are customer acquisition, technology investment, building organisational capability.

Cettire will be operated to be EBITDA positive in H2-FY23.

Investor webinar

The Company will host an investor webinar with Founder & CEO Dean Mintz and CFO Tim Hume at 10.30 am AEDT today – Tuesday, 7 February 2023 – to discuss the results.

Register for the investor webinar via the link below:

https://us02web.zoom.us/webinar/register/WN_SgH0nu0xThuD57vU-Nnmew

This announcement has been authorised for release by the Board of Directors of Cettire Limited.

 Further Information Investors

Tim Hume

CFO [email protected]

About Cettire

Investors

Media

Helen McCombie

Citadel Magnus [email protected] +61 411 756 248

Sam Wells

NWR Communications [email protected] +61 427 630 152

--ENDS--

  Launched in 2017, Cettire is a global online retailer, offering a large selection of in‐demand personal luxury goods via its website, cettire.com. Cettire has access to an extensive catalogue of more than 2,500 luxury brands and 400,000 products of clothing, shoes, bags, and accessories. Visit: www.cettireinvestors.com

Cettire Limited – ACN 645 474 166

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  Dean Mintz has sold Down a large block of shares although he retains a 46% shareholding so still hugely invested/aligned.

I know this will worry some but in my view he’s be stupid not to diversify

Partial Share Sale by Founder

Melbourne, Victoria: 18 November 2022 – Cettire Limited (ASX: CTT) (Company or Cettire) confirms that Mr Dean Mintz, Founder and CEO, has agreed to sell down approximately 41 million shares in the Company. This sell down represents 10.8% of the Company’s issued capital.

The sale was undertaken at a price of $1.46 per share by way of an underwritten block trade.

Following this sale, Mr Mintz will retain a 45.9% shareholding in the Company and remain Cettire’s largest shareholder.

Mr Mintz said: “Cettire is in a very strong position with excellent momentum as demonstrated in the Company’s trading update provided at the AGM yesterday. The share sale represents a relatively small portion of my shareholding in the Company and enables me greater diversification, whilst increasing the free float and scope for Cettire shares to achieve inclusion in major indices over time”

Mr Mintz has agreed to escrow his remaining holding in Cettire until the release of the Company’s half year results in February 2023.

This announcement has been authorised for release by the Board of Directors of Cettire Limited.

Further Information please contact:

Investors

Tim Hume

CFO [email protected]

Investors

Media

Helen McCombie

Citadel Magnus [email protected] +61 411 756 248

Sam Wells

NWR Communications [email protected] +61 427 630 152

--ENDS—

  About Cettire

Launched in 2017, Cettire is a global online retailer, offering a large selection of in‐demand personal luxury goods via its website, cettire.com. Cettire has access to an extensive catalogue of more than 2,500 luxury brands and 400,000 products of clothing, shoes, bags, and accessories. Visit: www.cettireinvestors.com

Cettire Limited – ACN 645 474 166

1

It appears to this retail novice that Cettire might pull off the unlikely and flip to profitability in the least supportive of macro conditions:

 Annual General Meeting: Trading update; Cettire continues strong, profitable global growth trajectory

Melbourne, Victoria: 17 November 2022 – Cettire Limited (ASX: CTT) Company or Cettire), a global luxury online retailer, is pleased to confirm at its Annual General Meeting today that it continues to experience strong trading momentum, as demonstrated by its financial performance during October 2022 and FY23 year-to-date (YTD).

Key metrics (unaudited) and milestones in October 2022 include:

• Sales revenue growth exceeds 80% versus prior corresponding period (“pcp”)

• Adj. EBITDA1 of at least $3.0 million, on a delivered margin greater than 20%

• Marketing investment (including brand investment) decreased to high single digits per cent of sales

revenue

• Continued strong growth in active customers and revenue from repeat customers

• Net cash balance greater than $40 million at 31 October 2022

 Unaudited metrics

October October Growth vs 4 months to 31 4 months to 31 Growth vs 2022 2021 pcp October 22 October 21 pcp

    Gross revenue (A$m)2 45.9 26.8 71% 130.5 79.0 65%

 Sales revenue (A$m)2 34.8 19.2 82% 101.0 57.8 75%

Average order value (A$)

839 745 13% 758 734 3%

     Active customers3 297,358 158,555 88%

Gross revenue from repeat customers

57% 46%

 Profitable growth continues

Cettire experienced a continuation of the strong profitability trends described at the FY22 results and Q1 FY23 update. Adjusted EBITDA1 (unaudited) for the month of October was at least $3.0 million, resulting in YTD FY23 Adjusted EBITDA1 (unaudited) for the first 4 months of at least $8.5 million.

At its FY22 results, the Company confirmed that Cettire would be operated to maximise profitable revenue growth, whilst also self funding. Cettire’s financial strategy remains unchanged.

Commenting on the Company’s performance during the period, Cettire’s Founder and CEO, Dean Mintz, said: “Our business has started Q2 very strongly driven by a seasonal upswing in traffic and AOV and effective marketing execution. It is pleasing to see continued robust profit performance as we leverage our lean operating cost structure with revenue growth and attractive unit economics.”

1 Unaudited metric. Cettire uses Adjusted EBITDA as a non-IFRS measure of business performance which excludes share-based payments, unrealised FX movements and unrealised loss/ (gain) on derivative contracts.

2 Gross revenue is revenue net of GST/VAT but is exclusive of returns from customers; Sales revenue is gross revenue net of allowances and returns from customers.

3 Active customers are those who have made a purchase in the last 12 months.

 Cettire Limited – ACN 645 474 166

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 Update on localisation

In accordance with its strategy to further localise the Cettire platform, the Company confirms it has commenced deployment of multi-language features via the release of a Chinese language site. A Chinese language version of the mobile apps is expected to be released shortly. Additional languages will be released in due course.

Mr Mintz said: “Localisation, enabled by our proprietary storefront software, is a key technology and strategic priority in the near term. The launch of multi-language features represents an important milestone in the execution of our strategy to localise Cettire’s platform. We are excited to commence deployment with Chinese language features as the Chinese speaking audience is a large segment of the luxury market”.

This announcement has been authorised for release by the Board of Directors of Cettire Limited.

Further Information please contact:

Investors

Tim Hume

CFO [email protected]

Investors

Media

Helen McCombie

Citadel Magnus [email protected] +61 411 756 248

Sam Wells

NWR Communications [email protected] +61 427 630 152

--ENDS—

  About Cettire

Launched in 2017, Cettire is a global online retailer, offering a large selection of in‐demand personal luxury goods via its website, cettire.com. Cettire has access to an extensive catalogue of more than 2,500 luxury brands and 400,000 products of clothing, shoes, bags, and accessories. Visit: www.cettireinvestors.com

Cettire Limited – ACN 645 474 166

2