Endeavour Group ASX:EDV Stock Report

Endeavour Group Limited, Annual General Meeting, Oct 18, 2022

Endeavour Group Limited Appoints Agnieszka (Agi) Pfeiffer-Smith as Managing Director

The Chief Executive Officer of Endeavour Group, Steve Donohue announced the appointment ofAgnieszka (Agi) Pfeiffer-Smith to the role of Managing Director, Dan Murphy's. Agi is currently the ChiefStrategy Officer for Endeavour Group. Agi will commence transitioning into the new role, working closely over the coming months withoutgoing Managing Director, Dan Murphy's, Alex Freudmann, to ensure a smooth transition. Agi was appointed Chief Strategy Officer for Endeavour Group in April 2020, and has been integral todefining Endeavour Group's future path, having been a key architect behind the development andimplementation of the Group's initial strategy, following the 2021 demerger from Woolworths. Commencing her career with Boston Consulting Group in 1998, Agi subsequently worked in strategic andcommercial roles across large corporates and private equity. Agi's extensive experience has includedworking across a variety of industries, with over 10 years in Retail, including as Executive GeneralManager, Safety Specialists, Wesfarmers Industrial and Safety; and GM Strategy Retail Development,David Jones; complemented by property, banking, industrial goods, aviation and telecommunicationssector experience.

Endeavour Group Limited Announces Board Changes

The Chairman of Endeavour Group, Peter Hearl, announced a number of changes to the Board of Directors of Endeavour Group. Bruce Mathieson Jr will replace Bruce Mathieson Sr as a Non-executive Director. Bruce Sr will step down as a Non-executive Director at the end of the financial year on 26 June 2022. Bruce Mathieson Jr will join the Board upon receipt of all required regulatory approvals. Bruce Jr will represent the interests of Endeavour Group's shareholder, the Bruce Mathieson Group BMG . He brings to the Board over 25 years experience in the hotel and gaming industries, having held a number of senior leadership positions in Endeavour Group (and formerly ALH Group) including most recently as the Managing Director of Hotels and before that Chief Executive Officer of ALH Group. Endeavour Group also confirmed that having received the necessary regulatory approvals, Anne Brennan's appointment as an independent Non-executive Director of Endeavour Group will be effective from 27 June 2022. Anne is an experienced public company director, with deep financial and business experience across a wide-range of industries. She is currently a Non-executive Director of listed companies Argo Investments, Lotteries Corporation and The GPT Group. Her previous board roles include Charter Hall Group, Tabcorp, Echo Entertainment Group, Metcash, Myer Holdings and Spark Infrastructure. During her executive career Anne held a variety of senior management roles in both accounting firms and large corporations.

Now 20% undervalued

Over the last 90 days, the stock is up 4.9%. The fair value is estimated to be AU$9.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings is also forecast to grow by 6.2% per annum over the same time period.