22 Nov

Chairmans AGM Address to Shareholders

Sydney, Australia and Columbus, OH, USA 23rd November 2021: Design Milk Co. Limited (ASX: DMC) 1 Chairman’s Address Welcome to the 2021 AGM for Design Milk Co Limited. Good morning, ladies and g entlemen. In opening our 2021 AGM, I would like to introduce the board and management team of Design Milk. By video / phone • Myself - Mike Hill: Non - Executive Chairman • Chris Colfer: Non - Executive Director • Mike Everett: Non - Executive Director • Arnaud Massenet: Non - Executive Director (London, UK) • Robert Mancini: Chief Executive Officer (Columbus, USA) It has been yet another remarkable year for Design Milk as we continued to adjust to the “new normal” brought about by the COVID - 19 pandemic. Throughout this period, the Board and management of Design Milk have remained focused on the wellbeing and menta l health of our team. The strong performance of the business in 2021 is a testament to the resilience and strength of our people . In FY21, we focused our effort on executi ng the Content - leads - Commerce strategy and grow ing the Design Milk brand. We successfully reengineered our corporate structure through changing our ASX listing to Design Milk Co (ASX:DMC) and bolstered our balance sheet with a capital rais e of $2.7 million . Our global audience continued to grow, with the number of follower s inc reasing to 9.5 million in October 2021 . There are now over 500 store vendors on our website, with more exciting brands to come. G roup revenue grew 88% in FY21, with eCommerce contributing to the majority of the growth. The strong FY21 results have been underpinned by the strength and potential of the Design Milk brand . Its eCommerce revenue grew over 280% to $1.8 million in FY21 and now represen ts 70% of Group eCommerce revenue , having only launched in November 2019. The strong performance continu ed into the first quarter of FY22 , which generated our strongest quarterly sales sin c e launching Design Milk. We completed a successful media campaign with luxury car company Genesis where we helped create a unique digital expression of the car Genesis G70 for the metaverse. We also finalised the Design Milk website refresh , providing us with a faster and more mobile - friendly website, improved search function, order tracking and more. Sydney, Australia and Columbus, OH, USA 23rd November 2021: Design Milk Co. Limited (ASX: DMC) 2 Our CEO Rob ert Mancini and his team have done a fantastic jo b in growing the business . I look forward to the year ahead and to building on the successes of FY21 as the Group executes on its growth ambitions. I will now hand over to Mr. Mancini to talk to the operational and trading updates. Following that update w e will return to the formal resolutions being put forward at this AGM. Thank you. Mike Hill Chairman
Information on this Website is provided for general information purposes only and is not a substitute for professional advice. ASX Information (including company announcements and prices) is delayed by at least 20 minutes. JSE Information (including company announcements and prices) is delayed by at least 15 minutes. Reliance on the information you access on or from this Website is solely at your own risk. We make no representation or warranty in relation to the future performance of the companies that appear on this Website. Investment in securities involves risk and you should obtain independent professional legal, financial, investment or company advice before acting on any of the information you access on this Website. Using, browsing or otherwise accessing this Website is subject to our Terms and Conditions and our Privacy Policy.

© 2021 Listcorp. ABN 60 166 140 307

Never miss news from Design Milk Co Limited (ASX:DMC) when you join Listcorp.