3 Letter from our CEO As we reflect on the past year, theres no denying that 2022 presented our teams with unprecedented challenges. From the continuing impact of COVID to an ongoing climate emergency and the escalating cost of living crisis, we faced obstacles that tested our resilience and determination. But, driven by our purpose to pioneer brands that make life better, we achieved remarkable milestones that demonstrated the immense value of our people and brands. We made strong progress in our 100-1-0 sustainability goals. Launched in November 2021, were aiming to help 100 million consumers live positive, active, sustainable lifestyles, improve the lives of one million people in our communities and become a net zero business by 2032. In 2022, we helped 19 million consumers and improved the lives of 190,000 people in our communities. We have also signed up to the Science Based Targets initiative (SBTi), committing to creating a clear carbon reduction roadmap to reach net zero. Internally, our sustainability goals are now an important part of our overall business strategy, with our annual employee bonus only being paid if we achieve yearly targets against our sustainability goals. Im incredibly proud that our brands have pioneered bold moments in 2022. Speedos Swim United initiative campaigned for children to find joy in the pool while learning a life-saving skill. Berghaus launched its free repairs service, Repairhaus, which recognises that one of the best things we can do to give products a second life is mend and repair our garments. Another highlight was Kickers vegan footwear launch. Priced the same as its leather products, this shows how our brands can influence the planet positively. Last year also marked 20 years of Design Pool, our in-house design internship programme that has supported over 200 young creatives. Its our incredible people and culture that sustain our business ambitions. When faced with challenges, trusting the capabilities and competency of the brilliant people in our organisation has seen us through. Were uncompromising in our high standards, focused on doing the right thing for our people, planet and partners, and resolute in our ambition to create a successful business for the long term. As a family business, our culture continues to be anchored in values of trust, compassion and working together to make a better Pentland. This commitment extends beyond our organisation, as we actively participate in and contribute to many global industry groups and organisations. By working with others, we can push change further. We choose not to work in isolation, and our positive business actions align with the United Nations Sustainable Development Goals. Despite some tough challenges in 2022, teamwork, resilience and agility were key to unlocking some incredible achievements for Pentland Brands. Looking ahead, we remain committed to learning and evolving to make an even greater impact. Chirag Patel CEO, Pentland Brands