Slides
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FY26 Investor Presentation 25 August 2026 Mike Emmett CEO and Managing Director Nick Dryden CFO
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2 AUB GROUP 2026: MORE THAN A BROKER A global insurance distribution platform combining local entrepreneurship with collective scale “AUB is more than a broker AUB backs exceptional owner-led businesses with the capital, market access and group-wide capabilities to grow and compound value over the long term A GLOBAL LEADER, BROKING INVESTMENTS & BEYOND Entrepreneur-led businesses, aligned through a unique owner-driver model that creates value for partners, clients and shareholders What Makes AUB Different“ Combining scaled distribution, owner-led businesses and broader insurance capabilities to create enduring value SCALED DISTRIBUTION Reach, access and resilience created by collective scale OWNER-LED Entrepreneurial leadership aligned with long term value creation BROKING & BEYOND Capability extending across the insurance value chain GLOBAL FOOTPRINT & SCALE 17 countries ~7,000 insurance professionals1 across ~640 locations DISTRIBUTION POWER2 >$11b GWP Local and global insurer relationships, with direct access to Lloyd’s markets EARNINGS STABILITY2 ~1.6m clients ~2.5m policies supporting a stronger, more resilient earnings base OWNER-DRIVER MODEL 89 businesses 45 partner brokers and 44 agencies & MGAs LONG-TERM MINDSET Aligned ownership Shared ownership and a commitment to long-term growth PROVEN VALUE CREATION $3.8b market cap3 From ~$100m at listing in 2005 to an ASX 200 company END-TO-END CAPABILITY Broking + beyond Retail, wholesale, agencies, MGAs, captives, claims and loss adjusting DIGITAL & INSURTECH BizCover Innovation, automation, AI and technology capability across the Group BUILT TO WIN Capability investment Technology, talent, data, insurer partnerships and scale 1. Staff count is the number of insurance professionals employed across all parts of AUB Group's subsidiary and associate entiti es including non-equity member networks as at 30 June 2026 2. As at 30 June 2026 3. As at 21 August 2026
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AUB TRANSFORMATION: FY19 TO FY26 Seven years of deliberate transformation have built a larger, stronger and more valuable AUB Group FY20 Portfolio Refocused and Platform Expanded Optimised Head Office, exited Health & Rehabilitation Services and acquired BizCover to sharpen strategic focus and add leading digital capabilities FY21 FY22 FY23 FY24 FY25 FY26 Broker Network Optimisation Planned Commenced broker consolidation and enhanced the Austbrokers Member Services proposition to strengthen network performance and operating leverage Scaled Agencies Platform Launched AUB's Agency Strategy through acquisition of 360 (FY21), creating a scalable specialist agency platform – followed by investments in SUU (FY23) and Pacific Indemnity (FY25) Wholesale Capability Added Acquired Tysers, expanding AUB's position across the insurance value chain and strengthening international capabilities Enhanced Global Platform Focused on integration, operational alignment and delivery of strategic and financial benefits from the Tysers acquisition Scaled up UK Retail Expanded UK Retail broking and MGA capabilities through investments in Momentum, Movo and Prestige Then and Now – Key Metrics 3 1. In order to give a more comprehensive view of performance, figures include results from ‘associates’ (not consolidated in the financial statements) at an aggregate 100% of all business revenues, expenses and profits with those of the consolidated busine sses before deducting outside shareholder interests. Excludes AUB Group Corporate Revenue and Expenses. Results shown in AUD 2. Underlying Net Profit After Tax is the key measure used by management and the board to assess and review business performance . Underlying NPAT is after non-controlling interests and excludes the cost of amortisation of customer and servicing contracts, fair value adjustments on consolidation or deconsolidation, impairment charges, movements in contingent consideration, the impacts of a reduction in interest in associates and disposals of controlled entities, and the costs associated with strategic change programs, arranging debt and acquisition related costs . Results shown in AUD REVENUE1 ($m) 16.7% CAGR Revenue growth from FY19 to FY26 UNDERLYING NPAT2 ($m) 25.1% CAGR Underlying NPAT growth from FY19 to FY26 541.6 1,596.6 FY19 FY26 EBIT MARGIN1 920 BPS Expansion between FY19 and FY26 EARNINGS PER SHARE (CENTS) 15.8% CAGR Growth from FY19 to FY26 DIVIDEND CENTS PER SHARE 11.4% CAGR Growth from FY19 to FY26 46.7 224.6 FY19 FY26 FY19 FY26 26.9% 36.1% 46.0 98.0 FY19 FY26 65.74 183.69 FY19 FY26
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MARGIN: DELIVERED UPLIFT, CLEAR AMBITION AHEAD AUB Group EBIT Margin has expanded by 920bps since FY19 with strong runway ahead 26.9% → 36.1% Group EBIT margin3 improvement delivered since FY19… +920bps …with further targeted segment runway ahead Structural margin expansion has supported UNPAT growth 0% 20% 25% 30% 35% 40% 45% 50% FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 +860bps +50bps +920bps +1,020bps +890bps +1,150bpsBizCover1 Agencies AU Broking Group3 New Zealand International2 4 1. EBIT Margin growth is against FY21 excluding JobKeeper receipts as BizCover acquired 1 February 2020 2. Tysers acquired 1 October 2022. EBIT Margin growth is against the normalised CY21 Tysers EBIT Margin 3. Excludes AUB Group Corporate Revenue & Expenses FY26 47.8% 43.7% 38.1% 33.1% 27.6% 36.1% 01 What delivered the uplift Margin uplift reflects a deliberate mix of portfolio, platform and operating discipline improvements. OPERATING LEVERAGE From strong, disciplined organic growth COST DISCIPLINE Cost discipline and strategic intervention PORTFOLIO OPTIMISATION Consolidation, ownership increases and value chain capture ACCRETIVE ACQUISITIONS Investing in high-quality, strong margin businesses that create leverage 02 Medium-Term Targets & what drives us there The next phase builds on the established playbook while closing segment- level gaps. TECH & PRODUCTIVITY Data, automation, broking technology and AI to improve efficiency CLOSE SEGMENT GAPS Prioritise management effort where remaining margin runway is largest AUSTRALIAN BROKING BIZCOVER NEW ZEALAND AGENCIES INTERNATIONAL 40% 50% 42% 47% 32%
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Group Performance
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FY26 PERFORMANCE OVERVIEW Continued delivery of strong UNPAT growth and margin expansion 6 FY26 GROUP PERFORMANCE Strong UNPAT growth of 12.2% to $224.6m and 140bps margin expansion to 36.1% DIVISIONAL PERFORMANCE International Division delivered Underlying PBT Growth of 19.6% on FY25 with margin expansion of 410bps Strong Underlying PBT growth in BizCover (19.9%) and Australian Broking (10.0%) The New Zealand market continues to be challenging. Improvements underway to enhance performance in FY27 Completed the acquisition of Prestige in March 2026 to expand AUB scale in UK Retail 1. Investments include new acquisitions and step-ups within portfolio companies. FY27 GUIDANCE FY27 UNPAT in the range of $245m – $265m ($255m midpoint), growth of 9.1% to 18.0% over FY26
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FY26 FINANCIAL HIGHLIGHTS Revenue growth and margin expansion delivering increased profits for AUB shareholders 1. In order to give a more comprehensive view of performance, figures include results from ‘associates’ (not consolidated in the financial statements) at an aggregate 100% of all business revenues, expenses and profits with those of the consolidated busine sses before deducting outside shareholder interests. Excludes AUB Group Corporate Revenue and Expenses. Results shown in AUD 2. Underlying Net Profit After Tax is the key measure used by management and the board to assess and review business performance . Underlying NPAT is after non-controlling interests and excludes the cost of amortisation of customer and servicing contracts, fair value adjustments on consolidation or deconsolidation, impairment charges, movements in contingent consideration, the impacts of a reduction in interest in associates and disposals of controlled entities, and the costs associated with strategic change programs, arranging debt and acquisition related costs . Results shown in AUD 3. Underlying EPS calculation = (Underlying NPAT) / (weighted average number of shares (‘WANOS’))7 FY26 FY25 Performance Highlights Revenue1 $1,596.6m +6.4% $1,501.3m ▪ Revenue growth in all business divisions (excluding the impact of FX) EBIT Margin1 36.1% +140bps 34.7% ▪ Margin increased across most divisions Underlying NPAT2 $224.6m +12.2% $200.2m ▪ Continued operating leverage complemented by acquisitions Underlying EPS3 183.69 cents +7.0% 171.75 cents ▪ Underlying EPS growth partially diluted by the increase in shares from the acquisition of Prestige Dividend per Share 98.0 cents +7.7% 91.0 cents ▪ Dividend aligned with long term payout ratio of 50-70% Underlying NPAT
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8 17.3 FY25 21.6 Organic Growth2 Acquisition Contribution3 14.5 FX and Funding Costs4 FY26 200.2 224.6 12.2% 10.8% (7.2%) 1. Underlying Net Profit After Tax is the key measure used by management and the board to assess and review business performance . Underlying NPAT is after non-controlling interests and excludes the cost of amortisation of customer and servicing contracts, fair value adjustments on consolidation or deconsolidation, impairment charges, movements in contingent consideration, the impacts of a reduction in interest in associates and disposals of controlled entities, and the costs associated with strategic change programs, arranging debt and acquisition related costs 2. Organic growth excludes acquisitions growth, FX and funding costs 3. Acquisition growth includes the net effect of acquisitions, bolt-ons, divestments / step-downs and increased equity stakes in FY26 vs FY25. The contribution of current period acquisitions is inclu ded in acquisition growth, as is the incremental impact on the current period of acquisitions made in the comparative period 4. FX calculated by applying 12M to 30 Jun’26 FX rates for all currencies on the 12M to 30 Jun’25 previously reported results, excludes the impact of hedges. Funding costs represents the year on year change in Corporate interest expense FY25 to FY26 Underlying NPAT1 Bridge ($m) FY26 FINANCIAL PERFORMANCE Underlying NPAT increased 12.2%, driven by 10.8% organic growth and 8.6% acquisition contribution. FX and Funding costs reduced growth by 7.2% 8.6% • FX -$9.5m • Funding Costs -$5.0m Organic performance generated most of the earnings uplift, with acquisitions adding further growth before FX and funding headwinds
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Divisional Performance
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FY26 DIVISIONAL PERFORMANCE Strong profit growth in BizCover, International, Australian Broking and Agencies, muted by weakness in New Zealand 10 1. In order to give a more comprehensive view of performance, figures include results from ‘associates’ (not consolidated in the financial statements) at an aggregate 100% of all business revenues, expenses and profits with those of the consolidated busine sses before deducting outside shareholder interests. Results shown in AUD 2. Excludes AUB Group Corporate Revenue & Expenses 3. A/NZ Retail is a new proposed segment that includes Australian Broking, BizCover and New Zealand 4. Excludes Strata agencies in FY26 and FY25 5. International is a segment that accommodates growth in international jurisdictions and includes Tysers Vs. FY25 comparative period AUSTRALIAN BROKING BIZCOVER NEW ZEALAND A/NZ RETAIL3 AGENCIES INTERNATIONAL5 OPERATING BUSINESSES2 Revenue1 $647.8m $120.7m $92.3m $860.8m $240.9m $494.9m $1,596.6m 6.0% 14.0% (5.7%) 5.6% 9.2% 6.2% 6.4% EBIT Margin1 38.1% 47.8% 33.1% 38.9% 43.7% 27.6% 36.1% 30bps 200bps (130bps) 50bps (50bps) 410bps 140bps EBIT1 $246.7m $57.7m $30.5m $334.9m $105.2m $136.4m $576.5m 6.8% 19.0% (9.4%) 7.0% 7.8% 24.5% 10.8% PBT attributable to equity holders of parent company $149.1m $22.9m $22.3m $194.4m $78.0m $124.5m $396.8m 10.0% 19.9% (3.9%) 9.2% 8.4% 19.6% 12.1% +80bps Ex. Strata4 (£251.9m) (£70.2m) (£64.1m) A/NZ Retail3 for future reporting disclosures
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EBIT Margin1 38.1%37.8%36.8%35.1%33.7%31.9%28.3%27.9% AUSTRALIAN BROKING EBIT Growth of 6.8% as revenue continued to outpace expenses despite lower interest income 11 1. In order to give a more comprehensive view of performance, figures include results from ‘associates’ (not consolidated in the financial statements) at an aggregate 100% of all business revenues, expenses and profits with those of the consolidated busine sses before deducting outside shareholder interests 2. Cumulative % growth relative to FY19 Key Metrics FY26 Performance $647.8m Revenue1 +6.0% on FY25 38.1% EBIT Margin1 +30bps on FY25 $246.7m EBIT1 +6.8% on FY25 0% 10% 20% 30% 40% 50% 60% 70% 80% FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 378.3 395.0 429.2 457.2 519.7 563.7 611.1 647.8 FY22 FY23 FY24 FY25 FY26FY19 FY20 FY21 +8.0% CAGR 6.0% Australian Broking Revenue1: FY19-FY26 ($m) Medium-Term Margin Target 40% Portfolio Actively Managed THREE BOLT-ONS TWELVE STEP-UPS ONE MERGER ONE STEP-DOWN ONE RESTRUCTURE Cumulative revenue and expenses growth since FY19 (FY19 = 0%)1,2 Revenue +71.2% +8.0% CAGR Expenses +47.0% +5.7% CAGR
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BIZCOVER BizCover delivered 19% EBIT growth as customer scale and international improvement expanded margins 12 Key Metrics FY26 Performance $120.7m Revenue1 +14.0% on FY25 47.8% EBIT Margin1 +200bps on FY25 $57.7m EBIT1 +19.0% on FY25 Australian Active Clients (all channels)2 (000’s) 45.0 48.3 49.9 8.5 15.8 20.1 FY24 FY25 FY26 AU Non-AU 38.3 47.2 56.0 FY24 FY25 FY26 +20.9% CAGR 18.5% EBIT Australia ($m)1 EBIT Margin – Australia v Non-AU (%) Medium-Term Margin Target 50% 241 271 308 FY24 FY25 FY26 +13.0% CAGR 13.7% FY26 Highlights ▪ NPS +73 ▪ Direct Channel momentum accelerated in 2H26 ▪ API-enabled referral partnership launched in mid June with MYOB ▪ AI-Everywhere’s operational benefits are accelerating delivery and enhanced code quality. Since April, delivery of several builds and parallel projects with reduced resourcing and cost. 1. In order to give a more comprehensive view of performance, figures include results from ‘associates’ (not consolidated in the financial statements) at an aggregate 100% of all business revenues, expenses and profits with those of the consolidated busine sses before deducting outside shareholder interests 2. Based on BizCover Australia financial information only
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NINE BOLT-ONS ONE STEP-UP Key Metrics FY26 Performance NZD 107.9m Revenue1 +0.8% on FY25 33.1% EBIT Margin1 -130bps on FY25 NZD 35.7m EBIT1 -3.1% on FY25 NEW ZEALAND NZD PBT increased by 2.7% while reported AUD PBT declined 3.9% following adverse FX movements 13 FY26 Local Currency PBT Bridge (NZD m)2 1. In order to give a more comprehensive view of performance, figures include results from ‘associates’ (not consolidated in the financial statements) at an aggregate 100% of all business revenues, expenses and profits with those of the consolidated busine sses before deducting outside shareholder interests 2. Net profit before tax attributable to equity holders of parent entity 3. Organic growth attributable to equity holders of parent entity excludes Acquisition growth & FY26 NZ Brokers conference costs 4. Acquisition growth includes the net effect of acquisitions, bolt-ons, divestments / step-downs, and increased equity stakes in FY26 vs FY25. The contribution of current period acquisitions is included in acquisition growth, as is the incremental impact on the curren t period of acquisitions made in the comparative period 25.4 26.1 FY25 0.2 Organic Growth3 0.5 NZbrokers 1.0 Acquisition Growth4 FY26 2.7% 0.8% Medium-Term Margin Target 42% 10.7 15.5 24.6 FY22 FY23 FY24 Portfolio Actively Managed (2.1%) 4.0% FY27 Performance Improvement: • Reset NZbrokers: restructure the network and strengthen operating alignment with Australian Broking • Restore cost discipline: reset the cost base and improve expense accountability • Optimise the portfolio: concentrate investment behind higher-return businesses
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AGENCIES Agencies delivered 8.4% PBT growth as Specialty and acquisitions offset a very competitive Strata market 14 1. In order to give a more comprehensive view of performance, figures include results from ‘associates’ (not consolidated in the financial statements) at an aggregate 100% of all business revenues, expenses and profits with those of the consolidated busine sses before deducting outside shareholder interests 2. Net profit before tax attributable to equity holders of parent entity 3. Organic growth attributable to equity holders of parent entity excludes Acquisition growth and Strata agencies 4. Acquisition growth includes the net effect of acquisitions, bolt-ons, divestments / step-downs and increased equity stakes in FY26 vs FY25. The contribution of current period acquisitions is included in acquisition growth, as is the incremental impact on the curren t period of acquisitions made in the comparative period Key Metrics FY26 Performance $240.9m Revenue1 +9.2% on FY25 43.7% EBIT Margin1 -50bps on FY25 $105.2m EBIT1 +7.8% on FY25 46.5% EBIT Margin Ex. Strata Premium has doubled since FY22 ($m) FY26 Highlights ▪ Strong Year of Profit Commission achievement ▪ FY26 Agencies EBIT Margin increased 80bps to 46.5% ex Strata in both periods ▪ Step-up investments in 360 and Pacific Indemnity during FY26 strengthened General Commercial and Specialty positioning ▪ Restoring Strata performance is necessary to convert the full margin opportunity in Agencies Medium-Term Margin Target 47% 42% + 5% average Profit Commissions FY25 to FY26 AUB Share PBT ($m)2 5.9 5.7 FY25 5.8 Organic Growth3 Acquisition Growth4 Strata FY26 72.0 78.0 8.4% 8.1% 8.2% (7.9%) 332 636 263 428 83 284 FY22 FY23 FY24 FY25 FY26 General Commercial Specialty Strata $679m to $1,348m | +$669m +98.5%
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15 INTERNATIONAL2 International EBIT increased 24.5%, with margin expanding 410bps to 27.6%, benefiting from elevated war rates and negatively impacted by FX movements 1. In order to give a more comprehensive view of performance, figures include results from ‘associates’ (not consolidated in the financial s tatements) at an aggregate 100% of all business revenues, expenses and profits with those of the consolidated businesses before deducting outside shareholder interests. Results in AUD 2. International is a segment that accommodates growth in international jurisdictions and includes Tysers 3. Calculated by applying 12M to 30 Jun’26 FX rates for all currencies on the 12M to 30 Jun’25 previously reported results, excl udes the impact of hedges 4. Tysers bonuses were re-aligned to account for deferred bonuses over the service period, resulting in a one-off impact in the prior period. Change in accrual methodology, no cash impact 5. Acquisition growth includes the net effect of acquisitions and bolt-ons in FY26 vs FY25. The contribution of current period acquisitions is included in acquisition growth, as is the incremental impact on the current period of acquisitions made in the comparative period Key Metrics FY26 Performance $494.9m Revenue1 +6.2% on FY25 27.6% EBIT Margin1 +410bps on FY25 $136.4m EBIT1 +24.5% on FY25 109.6 98.2 136.4 13.8 18.4 FY25 11.4 FX3 FY25 Constant Currency Organic Growth 6.0 Tysers Bonus Period Re-alignment4 (non-recurring) Acquisitions Growth5 FY26 24.5% 38.9% FY26 Highlights FY26 International EBIT Bridge ($m)1 14.1% RONESANS INVESTMENT COMPLETED, STRENGTHENING TYSERS CAPABILITY IN TURKEY COMPLETED THE ACQUISITION OF PRESTIGE, SIGNIFICANTLY SCALING UK RETAIL STARTUP BUSINESSES BUILDING SCALE IN NEW MARKETS Medium-Term Margin Target 32% 18.7% 6.1%
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Group Funding, FX & Shareholder Returns
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17 1. AUB share of trust and operating cash of AUB Group, its subsidiaries and associates. Look through view does not reconcile to slide 35 2. Notional exposure hedged for FY27 by executing a cross currency swap to receive BBSW and pay SOFR GROUP FUNDING $330.5m of liquidity and long-dated facilities preserve capacity to fund growth Interest Earning Assets vs Look through share of Debt at 30 Jun’26 ($m) 2.30x Leverage Ratio 30 Jun’26 $330.5m Corporate Liquidity 30 Jun’26 (AUB Group Ltd) AUB look-through Trust and Operating Cash1 AUB look-through share of debt Debt Funding • $200m Macquarie bilateral facility established to support the Prestige acquisition • $1,097m syndicated facility refinanced in June 2026 • More than $1.5b of lender commitments received during syndication, demonstrating strong bank support AUD USD NZD GBP EUR 30 Jun'26 ($m) Group Debt Facilities Cash on Hand Remaining Term Drawn Undrawn 30.5 3 years 200 300 4 years 175 4.7 years 200 5 years 422 Total 997 300 58% 19% 5% 13% 5% 1,104 89% 2% 9% 1,128 USD interest hedged to AUD2 Currency and interest-rate exposure managed through natural offsets and hedging where appropriate
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Revenue Earned 18 1. International FY27 forecasted FX splits by currency FY27 Indicative International Revenue and Expense Currency Mix1 FY27 INDICATIVE INTERNATIONAL REVENUE AND EXPENSE CURRENCY MIX FX hedging reduces the earnings impact to the International Division of the mismatch between USD revenue and GBP cost Operational Hedging ▪ Monthly FX hedging program sells USD for GBP to December 2027 ▪ 47% of FY27 forecast USD brokerage income hedged with FX forwards at average GBP:USD rate of 1.3337 ▪ Brokerage income of c. USD 75m for the 12 months to 30 June 2027 is unhedged 53% 4% 1% 4% 36% 2% ▪ 53% of revenue earned in GBP ▪ 9% of revenue earned in EUR, CAD + ’Other’ ▪ 36% of revenue earned in USD Expenses Incurred ▪ 88% of expenses paid in GBP ▪ GBP expenses in excess of GBP revenue are paid by converting: o Excess EUR, AUD, CAD + ‘Other’ into GBP o A portion of USD earned into GBP 2% earned in AUD FY27 FX Sensitivity ▪ Includes the full year impact of the Prestige acquisition ▪ A 1% strengthening/weakening of the AUD against the USD decreases/increases FY27 underlying NPAT by approximately 0.3% at guidance midpoint 4% 2%5% 1% 88%
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EPS AND DIVIDENDS Underlying EPS grew by 7% and DPS by 7.7% Dividend Per Share (Cents) 19 1. Underlying EPS calculation = (Underlying NPAT) / (weighted average number of shares) Underlying EPS1 (Cents) 96.70 129.32 156.78 171.75 183.69 FY22 FY23 FY24 FY25 FY26 33.7% 21.2% +17.4% CAGR 9.5% 7.0% 17.0 17.0 20.0 25.0 27.0 38.0 47.0 59.0 66.0 71.0 FY22 FY23 FY24 FY25 FY26 55.0 64.0 79.0 91.0 98.0 16.4% 23.4% +15.5% CAGR 15.2% 7.7% Final Dividend Interim Dividend
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Ambition, AI & Outlook
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FY27 EXECUTION PRIORITIES Executing against the next phase of AUB's growth agenda through integration, optimisation and disciplined capital deployment 21 01 Integrate and scale International Complete UK Retail integration and realise identified scale benefits Expand Tysers’ wholesale and specialty capabilities and platform INTEGRATE 02 Improve portfolio performance Accelerate AUB Agencies growth while improving portfolio mix Restore New Zealand performance and optimise the A/NZ portfolio IMPROVE 03 Compound through capital and capability Deploy capital selectively against disciplined return hurdles Scale technology, data and operational capabilities to improve productivity COMPOUND
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AI STRATEGY: FOUNDATIONS TO IMPACT AUB has established the platform, governance and delivery capability to scale AI across the Group. The focus is now embedding AI into broker, underwriting and claims workflows AUB has moved beyond experimentation: strong foundations and growing adoption support productivity today and insurance-specific competitive advantage tomorrow 01 FOUNDATIONS | AUB IS WELL-POSITIONED 02 DELIVERY MODEL 03 INSURANCE WORKFLOWS Scalable, governed delivery across the Group COVERNET/ BizCover AI CoE Complex models, agents and integrations CITIZEN DEVELOPMENT Business-led solutions within guardrails PARTNERS Specialist capability and delivery support EVIDENCE OF PROGRESS 92% COPILOT UTILISATION AI embedded in everyday work 43 ACTIVE AI AGENTS Delivery capability operating at scale 40+ SOLUTIONS IN PIPELINE Growing demand, including multi-agent solutions 710 HOURS RELEASED Capacity released in the last 30 days | reduced manual effort and admin PATH TO SHAREHOLDER VALUE FOUNDATIONS Platform • data • governance DELIVERY MODEL CoverNet AI CoE • citizen development • partners INSURANCE WORKFLOWS Broking • underwriting • claims • operations VALUE CREATION Growth • margin • differentiation • responsible scale PLATFORM IN PLACE Microsoft 365 Copilot established as the enterprise AI interface. DATA FOUNDATION SCALING Nexus, the AUB Data Platform, is building unified, AI-ready data across AU, UK and NZ. GOVERNANCE ESTABLISHED AI Gov Forum, AI Policy and AI Risk Appetite Statements provide clear guardrails. DELIVERY ENGINE ESTABLISHED CoverNet (Acquired with Prestige) supports complex models, agents and integrations within the broader delivery model. GLOBAL SCALE ADVANTAGE AUB’s network and proprietary insurance data are difficult for others to replicate. FASTER PROCESSES Less administration and faster access to information MORE CAPACITY More time for client service and revenue- generating activity BETTER DECISIONS AI-supported underwriting, claims and operational insight BETTER CLIENT OUTCOMES Faster responses and more consistent service Embedding AI across broking • underwriting • claims • operations WHAT WE ARE DOING & HOW WE ARE DOING IT 22
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FY27 Underlying NPAT1 Guidance Bridge $m FY26 Organic Growth2 Acquisition Growth3 FX and Funding Costs4 FY27 Guidance 245.0 – 265.0 FY27 OUTLOOK FY27 Underlying NPAT guidance of $245m–$265m implies continued earnings growth of 9.1% - 18.0% over FY26 (13.5% growth at the midpoint of $255m) 1. Underlying Net Profit After Tax is the key measure used by management and the board to assess and review business performance . Underlying NPAT is after non-controlling interests and excludes the cost of amortisation of customer and servicing contracts, fair value adjustments on consolidation or deconsolidation, impairment charges, movements in contingent consideration, the impacts of a reduction in interest in associates and disposals of controlled entities, and the costs associated with strategic change programs, arranging debt and acquisition related costs 2. Organic growth excludes acquisitions growth, FX and funding costs 3. Acquisition growth includes the net effect of acquisitions, bolt-ons and increased equity stakes in FY27 vs FY26. The contribution of current period acquisitions is included in acquisition growth, as is the incremental impact on the curren t period of acquisitions made in the comparative period 4. FX calculated by applying 12M to 30 Jun’27 FX rates for all currencies on the 12M to 30 Jun’26 previously reported results, e xcludes the impact of hedges. Funding costs represents the year on year change in Corporate interest expense 5. Underlying EPS calculation = (Underlying NPAT) / (weighted average number of shares (‘WANOS’)) 6.8% - 14.8% (5.5%) 17.5 - 19.5 23 15.2 – 33.2 7.8% - 8.7% FY27 Underlying EPS Guidance Bridge (cents)5 16.66 – 33.02 Growth FY27 ex Equity Funding 12.81 – 13.86 Mar’26 Equity Funding Impact FY27 Guidance 183.69 200.35 – 216.71 187.54 – 202.85 FY26 9.1% - 18.0% 2.1% - 10.4% (7.0%) – (7.6%) 224.6 9.1% - 18.0% (12.3) • Funding Costs -$8.0m • FX -$4.3m Scope and Assumptions Includes contributions from completed or known and highly certain acquisitions Seasonality Midpoint assumes historical 41% / 59% first-half / second-half earnings split Foreign exchange • GBP:AUD 1.8975 and GBP:USD 1.3604 • Approximately 47% of forecast USD brokerage income hedged • Approximately USD 75m unhedged Funding • Funding cost increase of $8.0m • USD interest rate exposure hedged at SOFR + 0.61% to July 2027 • Central Bank cash rates by 30 June 2027: Australia 4.60%, UK 4.00%, US 3.50% - 3.75%, NZ 3.00%
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Mike Emmett CEO and Managing Director Nick Dryden CFO Questions?
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Closing Mike Emmett CEO and Managing Director
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Appendices APPENDICES 26 A FY26 Detailed Financial Results B AUB Group Business Overview C AUB Group Portfolio Overview
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Appendices A. FY26 – Detailed Financial Results
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13.5 3.8 6.0 31.8 12.8 14.0 4.5 Australian Broking BizCover Agencies 0.6 New Zealand Broking ex FX International ex FX2 FX3 FY26TaxNet Corporate Result4 200.2 224.6 FY25 12.2% FY25 to FY26 Underlying NPAT1 ($m) Pre-Tax 1. Underlying Net Profit After Tax is the key measure used by management and the board to assess and review business performance . Underlying NPAT is after non-controlling interests and excludes the cost of amortisation of customer and servicing contracts, fair value adjustments on consolidation or deconsolidation, impairment charges, movements in contingent consideration, the impacts of a reduction in interest in associates and disposals of controlled entities, and the costs associated with strategic change programs, arranging debt and acquisition related costs 2. International is a segment that accommodates growth in international jurisdictions and includes Tysers 3. FX calculated by applying 12M to 30 Jun’26 FX rates for all currencies on the 12M to 30 Jun’25 previously reported results, e xcludes the impact of hedges 4. Includes Corporate head office expenses, Corporate interest income and Corporate interest expense FY26 DIVISIONAL PERFORMANCE BREAKDOWN 28
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Profit contribution to AUB Group – Pre-tax ($m) FY26 FY25 Movement Movement (%) Commission and fee income (net) 571.0 529.5 41.5 7.8% Premium Funding 30.7 29.8 0.9 3.0% Interest 28.8 32.6 (3.8) (11.6%) Other Income 17.3 19.2 (1.9) (9.9%) Revenue1 647.8 611.1 36.7 6.0% Expenses1 (401.1) (380.1) (21.0) 5.5% EBIT1 246.7 231.0 15.7 6.8% Profit before tax & non-controlling interests (PBT&NCI) 236.7 222.4 14.3 6.4% Net profit before tax attributable to equity holders of parent entity 149.1 135.6 13.5 10.0% EBIT Margin 38.1% 37.8% n/a 30bps ▪ Underlying pre-tax profit increased 10.0% to $149.1m (FY25: $135.6m) ▪ These increases were driven by organic and bolt-on acquisition growth ▪ Organic drivers included: o Average commission and fee income per client increased 6.5% year on year including from an increase in fees o Client and policy count growth o Partially offset by reduction in interest income ▪ EBIT Margin of 38.1% up 30bps from FY25 4.6 FY25 Organic Growth3 Acquisition Growth4 FY26 135.6 149.1 8.9 10.0% FY25 to FY26 AUB Share PBT ($m)2 AUSTRALIAN BROKING 1. In order to give a more comprehensive view of performance, figures include results from ‘associates’ (not consolidated in the financial statements) at an aggregate 100% of all business revenues, expenses and profits with those of the consolidated busine sses before deducting outside shareholder interests 2. Net profit before tax attributable to equity holders of parent entity 3. Organic growth attributable to equity holders of parent entity excludes Acquisition growth 4. Acquisition growth includes the net effect of acquisitions, divestments / step-downs and increased equity stakes in FY26 vs FY25. The contribution of current period acquisitions is included in acquisition growth, as is the incremental impact on the current period of acquisitions made in the comparative period FY22 FY23 FY24 FY25 FY26 86.1 104.8 120.2 135.6 149.1 10.0% PBT attributable to parent equity holders ($m)2 29 3.4% 6.6%
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BIZCOVER Profit contribution to AUB Group – Pre-tax ($m) FY26 FY25 Movement Movement (%) Revenue1 120.7 105.8 14.9 14.0% Expenses1 (63.0) (57.4) (5.6) 9.8% EBIT1 57.7 48.4 9.2 19.0% Profit before tax & non-controlling interests (PBT&NCI) 56.3 47.0 9.3 19.7% Net profit before tax attributable to equity holders of parent entity 22.9 19.1 3.8 19.9% EBIT Margin 47.8% 45.8% n/a 200bps 1. In order to give a more comprehensive view of performance, figures include results from ‘associates’ (not consolidated in the financial statements) at an aggregate 100% of all business revenues, expenses and profits with those of the consolidated busine sses before deducting outside shareholder interests 2. Net profit before tax attributable to equity holders of parent entity 30 PBT attributable to parent equity holders ($m)2 10.5 12.5 15.1 19.1 22.9 FY22 FY23 FY24 FY25 FY26 19.9% Revenue ($m)1 69.7 80.0 92.0 105.8 120.7 FY22 FY23 FY24 FY25 FY26 14.0% ▪ Revenue up 14.0% from FY25 ▪ Underlying pre-tax profit increased 19.9% to $22.9m (FY25: $19.1m) ▪ Continued organic revenue growth and margin expansion from operating leverage, including in offshore markets ▪ EBIT Margin of 47.8% up 200bps from FY25
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Profit contribution to AUB Group – Pre-tax (NZD m) FY26 FY25 Movement Movement (%) Commission and fee income (net) 99.8 97.2 2.6 2.7% Premium Funding 4.7 5.2 (0.5) (8.9%) Interest 2.2 3.2 (1.0) (32.3%) Other Income 1.2 1.5 (0.3) (20.5%) Revenue1 107.9 107.1 0.8 0.8% Expenses1 (72.2) (70.2) (2.0) 2.9% EBIT1 35.7 36.9 (1.2) (3.1%) Profit before tax & non-controlling interests (PBT&NCI) 33.7 33.8 (0.1) (0.4%) Net profit before tax attributable to equity holders of parent entity 26.1 25.4 0.7 2.7% EBIT Margin 33.1% 34.4% n/a -130bps ▪ Underlying pre-tax profit increased 2.7% to NZD 26.1m (FY25: NZD 25.4m), however in AUD decreased by 3.9% to $22.3m (FY25: $23.2m). ▪ Average commission and fee income per client decreased 2.9% year on year ▪ EBIT Margin of 33.1% down 130bps from FY25, impacted by a challenging corporate market, whilst investment in new market share has not delivered and will be reshaped FY25 to FY26 AUB Share PBT (NZD m)2 NEW ZEALAND BROKING 10.7 15.5 24.6 25.4 26.1 FY22 FY23 FY24 FY25 FY26 2.7% PBT attributable to parent equity holders (NZD m)2 1. In order to give a more comprehensive view of performance, figures include results from ‘associates’ (not consolidated in the financial statements) at an aggregate 100% of all business revenues, expenses and profits with those of the consolidated busine sses before deducting outside shareholder interests 2. Net profit before tax attributable to equity holders of parent entity 3. Organic growth attributable to equity holders of parent entity excludes Acquisition growth & FY26 NZ Brokers conference costs 4. Acquisition growth includes the net effect of acquisitions, bolt-ons, divestments / step-downs, and increased equity stakes in FY26 vs FY25. The contribution of current period acquisitions is included in acquisition growth, as is the incremental impact on the curren t period of acquisitions made in the comparative period31 0.5 1.0 FY25 0.2 Organic Growth3 NZbrokers Acquisition Growth4 FY26 25.4 26.1 2.7% 0.8% (2.1%) 4.0%
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Profit contribution to AUB Group – Pre-tax ($m) FY26 FY25 Movement Movement (%) Commission and fee income (net) 777.0 724.1 52.9 7.3% Premium Funding 34.7 34.6 0.1 0.3% Interest 30.7 35.6 (4.9) (13.8%) Other Income 18.4 20.5 (2.1) (10.2%) Revenue1 860.8 814.8 46.0 5.6% Expenses1 (525.9) (501.7) (24.2) 4.8% EBIT1 334.9 313.1 21.8 7.0% Profit before tax & non-controlling interests (PBT&NCI) 321.8 300.3 21.5 7.2% Net profit before tax attributable to equity holders of parent entity 194.4 177.9 16.5 9.2% EBIT Margin 38.9% 38.4% n/a 50bps ▪ Underlying pre-tax profit increased 9.2% to $194.4m (FY25: $177.9m) ▪ EBIT Margin of 38.9% up 50bps from FY25 FY25 to FY26 AUB Share PBT ($m)2 A/NZ Retail5 105.6 131.5 158.0 177.9 194.4 FY22 FY23 FY24 FY25 FY25 9.2% PBT attributable to parent equity holders ($m)2 1. In order to give a more comprehensive view of performance, figures include results from ‘associates’ (not consolidated in the financial statements) at an aggregate 100% of all business revenues, expenses and profits with those of the consolidated busine sses before deducting outside shareholder interests 2. Net profit before tax attributable to equity holders of parent entity 3. Organic growth attributable to equity holders of parent entity excludes Acquisition growth 4. Acquisition growth includes the net effect of acquisitions, bolt-ons, divestments / step-downs, and increased equity stakes in FY26 vs FY25. The contribution of current period acquisitions is included in acquisition growth, as is the incremental impact on the curren t period of acquisitions made in the comparative period 5. A/NZ Retail is a new proposed segment that includes Australian Broking, BizCover and New Zealand 32 5.4 FY25 Organic Growth3 Acquisition Growth4 FY26 177.9 194.4 11.1 9.2% 6.2% 3.0%
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▪ Underlying pre-tax profit increased by 8.4% to $78.0m (FY25: $72.0m) ▪ Organic growth in gross written premium (GWP) across most agencies, partially offset by weakness in the strata market ▪ EBIT Margin of 43.7%, down 50bps from FY25. Ex Strata in both periods, FY26 EBIT Margin increased 80bps to 46.5% FY25 to FY26 AUB Share PBT ($m)2 AGENCIES Profit contribution to AUB Group – Pre-tax ($m) FY26 FY25 Movement Movement (%) Commission and fee income (net) 202.4 193.6 8.8 4.5% Interest 8.5 8.4 0.1 1.2% Other income 30.0 18.5 11.5 62.1% Revenue1 240.9 220.5 20.4 9.2% Expenses1 (135.7) (123.0) (12.7) 10.4% EBIT1 105.2 97.6 7.6 7.8% Profit before tax & non-controlling interests (PBT&NCI) 105.0 97.3 7.7 7.9% Net profit before tax attributable to equity holders of parent entity 78.0 72.0 6.0 8.4% EBIT Margin 43.7% 44.2% n/a -50bps 22.8 35.1 55.4 72.0 78.0 FY22 FY23 FY24 FY25 FY26 8.4% PBT attributable to parent equity holders ($m)2 5.9 5.7 FY25 5.8 Organic Growth3 Acquisition Growth4 Strata FY26 72.0 78.0 8.4% 33 1. In order to give a more comprehensive view of performance, figures include results from ‘associates’ (not consolidated in the financial statements) at an aggregate 100% of all business revenues, expenses and profits with those of the consolidated businesses before deducting outside shareholder interests 2. Net profit before tax attributable to equity holders of parent entity 3. Organic growth attributable to equity holders of parent entity excludes Acquisition growth and Strata agencies 4. Acquisition growth includes the net effect of acquisitions, bolt-ons, divestments / step-downs and increased equity stakes in FY26 vs FY25. The contribution of current period acquisitions is included in acquisition growth, as is the incremental impact on the curren t period of acquisitions made in the comparative period 8.1% 8.2% (7.9%)
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▪ Underlying pre-tax profit increased 19.6% to $124.5m (FY25: $104.1m) ▪ Profit growth in Tysers supported by robust revenue growth in key segments of marine and aviation, alongside disciplined expense management despite FX headwinds ▪ Complemented by progress in newly seeded businesses and the acquisition of Prestige ▪ EBIT Margin of 27.6% up 410bps from FY25 INTERNATIONAL2 34 1. In order to give a more comprehensive view of performance, figures include results from ‘associates’ (not consolidated in the financial statements) at an aggregate 100% of all business revenues, expenses and profits with those of the consolidated busine sses before deducting outside shareholder interests 2. International is a segment that accommodates growth in international jurisdictions and includes Tysers 3. Calculated by applying 12M to 30 Jun’26 FX rates for all currencies on the 12M to 30 Jun’25 previously reported results, excl udes the impact of hedges 4. Tysers bonuses were re-aligned to account for deferred bonuses over the service period, resulting in a one -off impact in the prior period. Change in accrual methodology, no cash impact 5. Acquisition growth includes the net effect of acquisitions and bolt-ons in FY26 vs FY25. The contribution of current period acquisitions is included in acquisition growth, as is the incremental impact on the curren t period of acquisitions made in the comparative period 6. Net profit before tax attributable to equity holders of parent entity Profit contribution to AUB Group – Pre-tax ($m) FY26 FY25 Movement Movement (%) Commission and fee income (net) 459.2 424.5 34.6 8.2% Interest 14.6 16.4 (1.8) (10.9%) Other Income 21.1 25.0 (3.9) (15.4%) Revenue1 494.9 465.9 29.0 6.2% Expenses1 (358.5) (356.3) (2.2) 0.6% EBIT1 136.4 109.6 26.8 24.5% Profit before tax & non-controlling interests (PBT&NCI) 136.2 109.6 26.6 24.3% Net profit before tax attributable to equity holders of parent entity 124.5 104.1 20.4 19.6% EBIT Margin 27.6% 23.5% n/a 410bps FY25 to FY26 EBIT Breakdown ($m)1 PBT attributable to parent equity holders ($m)6 76.9 96.8 104.1 124.5 FY23 (9M to 30 Jun’23) FY24 FY25 FY26 19.6% 109.6 98.2 136.4 13.8 18.4 FY25 11.4 FX3 FY25 Constant Currency Organic Growth 6.0 Tysers Bonus Period Re- alignment4 Acquisitions Growth5 FY26 24.5% 38.9% 14.1% 6.1% 18.7%
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BALANCE SHEET AND CAPITAL POSITION Consolidated Balance Sheet Overview ($m) FY26 FY25 Movement Cash – incl subs 250.6 279.3 (28.7) Cash – Trust Accounts 1,062.1 1,063.4 (1.3) Investment in Associates 321.2 301.9 19.3 Intangible assets and goodwill 2,872.1 2,601.7 270.4 Other Assets 506.8 487.1 19.7 Total Assets 5,012.8 4,733.4 279.4 Interest Bearing Loans and Borrowings – incl subs1 1,124.8 872.8 252.0 Broker / Agency operational payables 1,100.4 1,104.8 (4.4) Other Liabilities 616.0 682.0 (66.0) Total Liabilities 2,841.2 2,659.6 181.6 Total Equity 2,171.6 2,073.8 97.8 35 1. Includes AUB Corporate Debt 997.3 764.7 232.6 Cash & Undrawn Debt 30 Jun’26 $330.5m (AUB Group Ltd) Leverage Ratio 30 Jun’26 2.30x
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1. The financial information in this table has been derived from the financial statements for the period ended 30 June 202 6. The Underlying NPAT is non-IFRS financial information and as such has not been audited in accordance with Australian Accountin g Standards 2. As part of its acquisition policy, the Group may defer a component of the purchase price until the outcomes of multiple facto rs are finalised. These factors include future financial results, other valuation estimates included in the initial purchase pri ce, and claims including for warranties and indemnities provided under the share purchase agreement. An estimate of the contingent consideration is made at the time of acquisition and is reviewed and varied at subsequent balance date if estimates change, or payments are made. This adjustment can result in a loss if changes, or finalisation of estimates, result in an increased purchase price, or a profit if the purchase price is reduced. None of the factors impacting the changes in contingent consideration du ring the period have required an impairment to the carrying value of the acquisition. These changes are non -recurring in nature and as such excluded from UNPAT 3. Where the carrying value of an investment or asset exceeds the fair value or value in use an impairment expense/onerous lease expense is recognised during the period. These are non -representative of underlying operations and as such are excluded from UNPAT 4. Includes interest expense on the movement in value of the put option held by non-controlling interests. Fair value movements in the put option liability is a potential acquisition cost and as such excluded from UNPAT 5. Investments in associates and customer and servicing contracts may be sold from time to time and any gains/loss from sale is excluded from Underlying NPAT 6. The adjustments to carrying values of associates or controlled entities arise where the Group increases its equity in associa tes whereupon they became controlled entities or decreases its equity in a controlled entity and it becomes an associate. As requ ired by accounting standards the carrying values for the existing investments have been adjusted to fair value and the increase included in net profit. Such adjustments will only occur in fut ure if further acquisitions or sales of this type are made 7. Customer and servicing contracts include broking registers and binder assets acquired separately or in a business combination, which are amortised over their useful life. Inclusion of this amortisation in UNPAT would remove from profits all expected earnings from the customer and servicing c ontracts of acquisitions and as such it is excluded from UNPAT A1.0 RECONCILIATION OF REPORTED NPAT TO UNDERLYING NPAT1 36 FY26 FY25 Movement ($’000) ($’000) ($’000) Net Profit after tax attributable to equity holders of the parent 96,048 180,055 (84,007) Add back/(less): (net of NCI and income tax) Amortisation of customer and servicing contracts7 48,783 45,605 3,178 Adjustments to value of entities (to fair value) on the day they became controlled entities6 (14,966) (47,486) 32,520 Impairment charges3 62,726 21,145 41,581 Movements in contingent consideration and put option liability (net of interest unwind)2,4 4,653 (26,774) 31,427 (Profit) from sale or dilution of interests in associates and sale of customer and servicing contracts5 (4,170) (4,011) (159) Costs in relation to Syndicated Debt Facility restructuring 537 795 (258) Strategic change programs 7,393 6,830 563 Expenses incurred for acquisitions in the current and prior period 23,627 24,061 (434) Underlying Net Profit After Tax 224,631 200,220 24,411
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FY26 ($’000) FY25 ($’000) Movement ($’000) Movement (%) Australian Broking revenue 647,786 611,117 36,669 6.0% Australian Broking expenses (401,068) (380,115) (20,953) 5.5% EBIT - Australian Broking 246,718 231,002 15,716 6.8% International revenue2 494,899 465,905 28,994 6.2% International expenses2 (358,509) (356,344) (2,165) 0.6% EBIT - International2 136,390 109,561 26,829 24.5% BizCover revenue 120,683 105,829 14,854 14.0% BizCover expenses (63,023) (57,388) (5,635) 9.8% EBIT - BizCover 57,660 48,441 9,219 19.0% New Zealand Broking revenue 92,319 97,871 (5,552) -5.7% New Zealand Broking expenses (61,776) (64,176) 2,400 -3.7% EBIT - New Zealand Broking 30,543 33,695 (3,152) -9.4% Agencies revenue 240,909 220,532 20,377 9.2% Agencies expenses (135,693) (122,958) (12,735) 10.4% EBIT - Agencies 105,216 97,574 7,642 7.8% Total revenue - Operating entities 1,596,596 1,501,254 95,342 6.4% Total expenses - Operating entities (1,020,069) (980,981) (39,088) 4.0% EBIT - Operating entities 576,527 520,273 56,254 10.8% Corporate revenue 2,619 2,443 176 7.2% Corporate expenses (30,292) (26,154) (4,138) 15.8% EBIT - Corporate (27,673) (23,711) (3,962) 16.7% Total - Group revenue 1,599,215 1,503,697 95,518 6.4% Total - Group expenses (1,050,361) (1,007,135) (43,226) 4.3% Total - EBIT before NCI 548,854 496,562 52,292 10.5% Interest expense - Operating entities (13,612) (13,123) (489) 3.7% Interest expense - Corporate (56,332) (46,329) (10,003) 21.6% Total - Interest expense (69,944) (59,452) (10,492) 17.6% Profit before NCI 478,910 437,110 41,800 9.6% Non - Controlling Interest (NCI) (166,076) (153,185) (12,891) 8.4% Underlying Net profit before tax 312,834 283,925 28,909 10.2% Income tax expense (88,203) (83,705) (4,498) 5.4% Underlying NPAT 224,631 200,220 24,411 12.2% 1. The financials in this table show a management view of the underlying performance of all investments, regardless of ownership level. Revenue and expenses includes all revenue and expenses of the underlying businesses, before considering non -controlling interests. This information is used by management and the board to review business performance. Results shown in AUD 2. International is a segment that accommodates growth in international jurisdictions and includes Tysers 3. EBIT is equivalent to EBITA A2.1 MANAGEMENT PRESENTATION OF RESULTS1,3 37
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FY26 ($’000) FY25 ($’000) Movement ($’000) Movement (%) Australian Broking revenue 647,786 611,117 36,669 6.0% Australian Broking expenses (411,105) (388,760) (22,345) 5.7% Net profit - Australian Broking 236,681 222,357 14,324 6.4% Profit attributable to other equity interests (87,562) (86,773) (789) 0.9% Australian Broking net profit 149,119 135,584 13,535 10.0% International revenue2 494,899 465,905 28,994 6.2% International expenses2 (358,714) (356,311) (2,403) 0.7% Net profit - International2 136,185 109,594 26,591 24.3% Profit attributable to other equity interests2 (11,702) (5,522) (6,180) 111.9% International net profit2 124,483 104,072 20,411 19.6% BizCover revenue 120,683 105,829 14,854 14.0% BizCover expenses (64,390) (58,799) (5,591) 9.5% Net profit - BizCover 56,293 47,030 9,263 19.7% Profit attributable to other equity interests (33,356) (27,901) (5,455) 19.5% BizCover net profit 22,937 19,129 3,808 19.9% New Zealand Broking revenue 92,319 97,871 (5,552) -5.7% New Zealand Broking expenses (63,519) (66,965) 3,446 -5.1% Net profit - New Zealand Broking 28,800 30,906 (2,106) -6.8% Profit attributable to other equity interests (6,497) (7,695) 1,198 -15.6% New Zealand Broking net profit 22,303 23,211 (908) -3.9% Agencies revenue 240,909 220,532 20,377 9.2% Agencies expenses (135,953) (123,269) (12,684) 10.3% Net profit - Agencies 104,956 97,263 7,693 7.9% Profit attributable to other equity interests (26,959) (25,294) (1,665) 6.6% Agencies net profit 77,997 71,969 6,028 8.4% Net profit before corporate income / expenses 396,839 353,965 42,874 12.1% Corporate expenses (30,292) (26,154) (4,138) 15.8% Corporate finance costs (56,332) (46,329) (10,003) 21.6% Corporate revenue 2,619 2,443 176 7.2% Net corporate result (84,005) (70,040) (13,965) 19.9% Net profit before tax 312,834 283,925 28,909 10.2% Income tax expense (88,203) (83,705) (4,498) 5.4% Underlying NPAT 224,631 200,220 24,411 12.2% 1. The financials in this table show a management view of the underlying performance of all investments, regardless of ownership level. Revenue and expenses includes all revenue and expenses of the underlying businesses, before considering non -controlling interests. This information is used by management and the board to review business performance. Results shown in AUD 2. International is a segment that accommodates growth in international jurisdictions and includes Tysers A2.2 MANAGEMENT PRESENTATION OF RESULTS1 38
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FY26 ($’000) 2H26 ($’000) 1H26 ($’000) FY25 ($’000) 2H25 ($’000) 1H25 ($’000) FY24 ($’000) 2H24 ($’000) 1H24 ($’000) FY23 ($’000) 2H23 ($’000) 1H23 ($’000) FY22 ($’000) 2H22 ($’000) 1H22 ($’000) Australian Broking revenue 647,786 325,468 322,318 611,117 308,470 302,647 563,669 288,892 274,777 519,706 270,007 249,699 457,211 238,228 218,983 Australian Broking expenses (401,068) (200,288) (200,780) (380,115) (191,406) (188,709) (356,239) (182,975) (173,264) (337,397) (175,482) (161,915) (303,029) (152,245) (150,784) EBIT - Australian Broking 246,718 125,180 121,538 231,002 117,064 113,938 207,430 105,917 101,513 182,309 94,525 87,784 154,182 85,983 68,199 International revenue2 494,899 279,364 215,535 465,905 261,267 204,638 411,041 218,602 192,439 301,607 210,783 90,824 - - - International expenses2 (358,509) (187,684) (170,825) (356,344) (183,674) (172,670) (311,625) (158,404) (153,221) (222,909) (150,594) (72,315) - - - EBIT - International2 136,390 91,680 44,710 109,561 77,593 31,968 99,416 60,198 39,218 78,698 60,189 18,509 - - - BizCover revenue 120,683 63,788 56,895 105,829 55,629 50,200 92,020 48,921 43,099 80,049 42,475 37,574 69,730 36,418 33,312 BizCover expenses (63,023) (32,641) (30,382) (57,388) (28,904) (28,484) (53,380) (27,402) (25,978) (47,974) (24,844) (23,130) (43,354) (22,378) (20,976) EBIT – BizCover 57,660 31,147 26,513 48,441 26,725 21,716 38,640 21,519 17,121 32,075 17,631 14,444 26,376 14,040 12,336 New Zealand Broking revenue 92,319 45,643 46,676 97,871 49,406 48,465 88,722 47,906 40,816 70,660 40,937 29,723 58,875 30,314 28,561 New Zealand Broking expenses (61,776) (29,783) (31,993) (64,176) (33,326) (30,850) (56,351) (30,482) (25,869) (50,098) (27,110) (22,988) (43,471) (21,459) (22,012) EBIT - New Zealand Broking 30,543 15,860 14,683 33,695 16,080 17,615 32,371 17,424 14,947 20,562 13,827 6,735 15,404 8,855 6,549 Agencies revenue 240,909 122,843 118,066 220,532 113,931 106,601 176,219 91,653 84,566 139,337 81,171 58,166 103,721 57,385 46,336 Agencies expenses (135,693) (67,726) (67,967) (122,958) (59,419) (63,539) (101,077) (50,607) (50,470) (85,790) (46,027) (39,763) (65,324) (34,075) (31,249) EBIT – Agencies 105,216 55,117 50,099 97,574 54,512 43,062 75,142 41,046 34,096 53,547 35,144 18,403 38,397 23,310 15,087 Total revenue - Operating entities 1,596,596 837,106 759,490 1,501,254 788,703 712,551 1,331,670 695,973 635,697 1,111,359 645,373 465,986 689,537 362,345 327,192 Total expenses - Operating entities (1,020,069) (518,122) (501,947) (980,981) (496,729) (484,252) (878,671) (449,869) (428,802) (744,168) (424,057) (320,111) (455,178) (230,157) (225,021) EBIT - Operating entities 576,527 318,984 257,543 520,273 291,974 228,299 452,999 246,104 206,895 367,191 221,316 145,875 234,359 132,188 102,171 Corporate revenue 2,619 2,280 339 2,443 835 1,608 3,413 1,838 1,575 2,837 1,684 1,153 1,982 1,023 959 Corporate expenses (30,292) (13,564) (16,728) (26,154) (10,589) (15,565) (26,022) (11,044) (14,978) (25,826) (12,796) (13,030) (19,966) (9,631) (10,335) EBIT – Corporate (27,673) (11,284) (16,389) (23,711) (9,754) (13,957) (22,609) (9,206) (13,403) (22,989) (11,112) (11,877) (17,985) (8,609) (9,376) Total - Group revenue 1,599,215 839,386 759,829 1,503,697 789,538 714,159 1,335,083 697,811 637,272 1,114,196 647,057 467,139 691,519 363,368 328,151 Total - Group expenses (1,050,361) (531,686) (518,675) (1,007,135) (507,318) (499,817) (904,693) (460,913) (443,780) (769,994) (436,853) (333,141) (475,144) (239,788) (235,356) Total - EBIT before NCI 548,854 307,700 241,154 496,562 282,220 214,342 430,390 236,898 193,492 344,202 210,204 133,998 216,374 123,579 92,795 Interest expense - Operating entities (13,612) (6,919) (6,693) (13,123) (6,215) (6,908) (11,493) (6,566) (4,927) (7,583) (4,694) (2,889) (5,289) (2,765) (2,524) Interest expense - Corporate (56,332) (30,929) (25,403) (46,329) (24,598) (21,731) (47,442) (22,146) (25,296) (39,845) (27,058) (12,787) (4,309) (1,914) (2,395) Total - Interest expense (69,944) (37,848) (32,096) (59,452) (30,813) (28,639) (58,935) (28,712) (30,223) (47,428) (31,752) (15,676) (9,598) (4,679) (4,919) Profit before NCI 478,910 269,852 209,058 437,110 251,407 185,703 371,455 208,186 163,269 296,774 178,452 118,322 206,776 118,900 87,876 Non - Controlling Interest (NCI) (166,076) (85,334) (80,742) (153,185) (81,829) (71,356) (131,429) (69,153) (62,276) (116,130) (63,756) (52,374) (100,690) (56,728) (43,962) Underlying Net profit before tax 312,834 184,518 128,316 283,925 169,578 114,347 240,026 139,033 100,993 180,644 114,696 65,948 106,086 62,172 43,914 Income tax expense (88,203) (50,290) (37,913) (83,705) (48,704) (35,001) (69,011) (38,220) (30,791) (51,539) (32,249) (19,290) (32,068) (18,775) (13,293) Underlying NPAT 224,631 134,228 90,403 200,220 120,874 79,346 171,015 100,813 70,202 129,105 82,447 46,658 74,018 43,397 30,621 A2.3 MANAGEMENT PRESENTATION OF RESULTS1,3 39 1. The financials in this table show a management view of the underlying performance of all investments, regardless of ownership level. Revenue and expenses includes all revenue and expenses of the underlying businesses, before considering non -controlling interests. This information is used by management and the board to review business performance. Results shown in AUD 2. International is a segment that accommodates growth in international jurisdictions and includes Tysers 3. EBIT is equivalent to EBITA
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FY26 ($’000) 2H26 ($’000) 1H26 ($’000) FY25 ($’000) 2H25 ($’000) 1H25 ($’000) FY24 ($’000) 2H24 ($’000) 1H24 ($’000) FY23 ($’000) 2H23 ($’000) 1H23 ($’000) FY22 ($’000) 2H22 ($’000) 1H22 ($’000) Australian Broking revenue 647,786 325,468 322,318 611,117 308,470 302,647 563,669 288,892 274,777 519,706 270,007 249,699 457,211 238,228 218,983 Australian Broking expenses (411,105) (205,336) (205,769) (388,760) (195,535) (193,225) (363,634) (187,055) (176,579) (342,082) (178,394) (163,688) (305,526) (153,589) (151,937) Net profit - Australian Broking 236,681 120,132 116,549 222,357 112,935 109,422 200,035 101,837 98,198 177,624 91,613 86,011 151,685 84,639 67,046 Profit attributable to other equity interests (87,562) (44,366) (43,196) (86,773) (43,214) (43,559) (79,874) (40,735) (39,139) (72,872) (36,764) (36,108) (65,536) (36,802) (28,734) Australian Broking net profit 149,119 75,766 73,353 135,584 69,721 65,863 120,161 61,102 59,059 104,752 54,849 49,903 86,149 47,837 38,312 International revenue2 494,899 279,364 215,535 465,905 261,267 204,638 411,041 218,602 192,439 301,607 210,783 90,824 - - - International expenses2 (358,714) (187,896) (170,818) (356,311) (183,640) (172,671) (311,625) (158,404) (153,221) (223,139) (150,654) (72,485) - - - Net profit - International2 136,185 91,468 44,717 109,594 77,627 31,967 99,416 60,198 39,218 78,468 60,129 18,339 - - - Profit attributable to other equity interests 2 (11,702) (6,374) (5,328) (5,522) (4,096) (1,426) (2,654) (1,634) (1,020) (1,539) (1,175) (364) - - - International net profit2 124,483 85,094 39,389 104,072 73,531 30,541 96,762 58,564 38,198 76,929 58,954 17,975 - - - BizCover revenue 120,683 63,788 56,895 105,829 55,629 50,200 92,020 48,921 43,099 80,049 42,475 37,574 69,730 36,418 33,312 BizCover expenses (64,390) (33,371) (31,019) (58,799) (29,623) (29,176) (54,926) (28,183) (26,743) (49,362) (25,738) (23,624) (43,782) (22,594) (21,188) Net profit - BizCover 56,293 30,417 25,876 47,030 26,006 21,024 37,094 20,738 16,356 30,687 16,737 13,950 25,948 13,824 12,124 Profit attributable to other equity interests (33,356) (18,023) (15,333) (27,901) (15,428) (12,473) (22,007) (12,303) (9,704) (18,207) (9,928) (8,279) (15,451) (8,248) (7,203) BizCover net profit 22,937 12,394 10,543 19,129 10,578 8,551 15,087 8,435 6,652 12,480 6,809 5,671 10,497 5,576 4,921 New Zealand Broking revenue 92,319 45,643 46,676 97,871 49,406 48,465 88,722 47,906 40,816 70,660 40,937 29,723 58,875 30,314 28,561 New Zealand Broking expenses (63,519) (30,576) (32,943) (66,965) (34,503) (32,462) (58,806) (32,147) (26,659) (51,338) (27,918) (23,420) (45,839) (22,668) (23,171) Net profit - New Zealand Broking 28,800 15,067 13,733 30,906 14,903 16,003 29,916 15,759 14,157 19,322 13,019 6,303 13,036 7,646 5,390 Profit attributable to other equity interests (6,497) (3,392) (3,105) (7,695) (3,873) (3,822) (7,200) (3,962) (3,238) (5,055) (3,527) (1,528) (4,083) (2,240) (1,843) New Zealand Broking net profit 22,303 11,675 10,628 23,211 11,030 12,181 22,716 11,797 10,919 14,267 9,492 4,775 8,953 5,406 3,547 Agencies revenue 240,909 122,843 118,066 220,532 113,931 106,601 176,219 91,653 84,566 139,337 81,171 58,166 103,721 57,385 46,336 Agencies expenses (135,953) (67,862) (68,091) (123,269) (59,643) (63,626) (101,174) (50,647) (50,527) (85,830) (46,047) (39,783) (65,320) (34,071) (31,249) Net profit - Agencies 104,956 54,981 49,975 97,263 54,288 42,975 75,045 41,006 34,039 53,507 35,124 18,383 38,401 23,314 15,087 Profit attributable to other equity interests (26,959) (13,179) (13,780) (25,294) (15,218) (10,076) (19,694) (10,519) (9,175) (18,457) (12,362) (6,095) (15,620) (9,438) (6,182) Agencies net profit 77,997 41,802 36,195 71,969 39,070 32,899 55,351 30,487 24,864 35,050 22,762 12,288 22,781 13,876 8,905 Net profit before corporate income / expenses 396,839 226,731 170,108 353,965 203,930 150,035 310,077 170,385 139,692 243,478 152,866 90,611 128,380 72,695 55,685 Corporate expenses (30,292) (13,564) (16,728) (26,154) (10,589) (15,565) (26,022) (11,044) (14,978) (25,826) (12,796) (13,030) (19,966) (9,631) (10,335) Corporate finance costs (56,332) (30,929) (25,403) (46,329) (24,598) (21,731) (47,442) (22,146) (25,296) (39,845) (27,058) (12,787) (4,309) (1,914) (2,395) Corporate revenue 2,619 2,280 339 2,443 835 1,608 3,413 1,838 1,575 2,837 1,684 1,153 1,982 1,023 959 Net corporate result (84,005) (42,213) (41,792) (70,040) (34,352) (35,688) (70,051) (31,352) (38,699) (62,834) (38,170) (24,664) (22,294) (10,523) (11,771) Net profit before tax 312,834 184,518 128,316 283,925 169,578 114,347 240,026 139,033 100,993 180,644 114,696 65,948 106,086 62,172 43,914 Income tax expense (88,203) (50,290) (37,913) (83,705) (48,704) (35,001) (69,011) (38,220) (30,791) (51,539) (32,249) (19,290) (32,068) (18,775) (13,293) Underlying NPAT 224,631 134,228 90,403 200,220 120,874 79,346 171,015 100,813 70,202 129,105 82,447 46,658 74,018 43,397 30,621 A2.4 MANAGEMENT PRESENTATION OF RESULTS1 40 1. The financials in this table show a management view of the underlying performance of all investments, regardless of ownership level. Revenue and expenses includes all revenue and expenses of the underlying businesses, before considering non -controlling interests. This information is used by management and the board to review business performance. Results shown in AUD 2. International is a segment that accommodates growth in international jurisdictions and includes Tysers
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A3.0 CONSOLIDATED CASH FLOW STATEMENT 41 FY26 ($’000) FY25 ($’000) Cash flows from operations 184,570 274,815 Cash flows from investing activities Acquisitions and portfolio purchases (423,281) (229,993) Sales proceeds (net of cash reduced on deconsolidation) 3,628 4,243 Plant equipment / Other (8,542) (7,623) Payments for deferred settlements (49,376) (132,394) (477,571) (365,767) Cash flows from financing activities Capital raising 402,076 24,848 Dividends (171,518) (156,908) Net borrowings 261,111 226,717 Repayment of lease liabilities (16,492) (15,898) Acquisitions (161,689) (58,252) Sale proceeds 8,261 14,112 321,749 34,619 Net (decrease) / increase in broker trust account and escrow cash (62,702) 111,717 Net increase in cash (33,954) 55,384 Cash and cash equivalents at beginning of the period 1,342,638 1,286,316 Impact as a result of foreign exchange 4,039 938 Total cash 1,312,723 1,342,638
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Appendices B. AUB Group Business Overview
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Helping our clients to safeguard a stronger, protected future… ~7,000 STAFF ~1.6m CLIENTS ~2.5m POLICIES ~640 LOCATIONS ~$11.3B GWP INSURANCE BROKING VIA EQUITY AND NETWORK PARTNERS | SPECIALIST AGENCIES 25 STRATEGIC INSURANCE PARTNERSHIPS AND ACCESS TO INTERNATIONAL PLACEMENTS VIA TYSERS 40YRS OF ACTIVE PARTNERSHIP EXPERIENCE AUSTRALIAN BROKING ▪ Full complement of services and technology supporting the Austbrokers network of 37 brokerages ▪ Complementary capabilities in Life Insurance Broking, Premium Funding, Claims Management, Legal Services, Loss Adjustment, and Investigations ▪ The Insurance Alliance: a non-equity membership network for independent brokers seeking to take advantage of the AUB Group capabilities BIZCOVER ▪ BizCover is Australia’s leading digital SME insurance platform with multi- channel presence and a comprehensive insurance offering NEW ZEALAND ▪ AUB has equity investments in 6 major broking partners, 2 underwriting agencies, 2 broker networks ▪ AUB operates NZbrokers, NZ’s original independent insurance broker network with 37 members (including 28 non-equity members) AGENCIES ▪ Design, distribute and manage insurance products and portfolios via 39 agencies on behalf of locally licensed insurers and Lloyd’s syndicates, through the 360 Underwriting, SURA Specialty and Strata portfolios INTERNATIONAL ▪ Includes Tysers, a leading specialist international broker in the Lloyd’s marketplace with 200 years of expertise ▪ ~1,800 employees, across offices in 15 countries ▪ Capabilities across Wholesale broking to the Lloyd’s marketplace, Retail Broking servicing niche product areas, including entertainment, sport, specialty classes of SME and HNW / private client and Managing General Agents (MGA) with substantial number of in-house and third party delegated authorities 45 EQUITY-PARTNER BROKING BUSINESSES 44 AGENCIES 43 AUB GROUP – AN OVERVIEW AUB Group Limited is an ASX200 listed group comprising insurance brokers and underwriting agencies, helping our clients to safeguard a stronger, protected future All data as at 30 June 2026. Includes the annualised impact of Prestige announced on 27 January 2026
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44 AUB Group in the Insurance Broking Value Chain AUB sources, designs and distributes insurance products on behalf of underwriters without taking on underwriting, prudential capital requirements or claims risk Authority to design and distribute products on behalf of underwriter Underwrite risk Customers & Clients Retail Brokers & Supporting Services (Australian Broking, New Zealand Broking, BizCover) Underwriting Agencies Global Agencies & MGAs International Wholesale Brokers Tysers Insurers / Underwriters (No AUB Footprint) ▪ Entities requiring insurance coverage seek out their options directly from underwriters or via an intermediary (broker / agency) ▪ Regional brokers typically family-owned that service local businesses ▪ Source products from a panel of insurers / underwriters and provide risk management advice with regards to a customer’s insurance needs, and assist in selecting the most relevant product based on flexibility, coverage and pricing ▪ Support client claim management process ▪ Provide insurers with ability to access niche / specialist markets without the investment in talent / capability ▪ Agencies take ownership for the end-to- end underwriting process including product design, and claims processing ▪ Agencies take no underwriting risk ▪ Source capacity from underwriters and other providers for intermediaries where domestic capacity is not available / not relevant ▪ Typically operate in a specialised, high- value and complex underwriting environment, and / or in areas where capacity constraints require additional international placement ▪ End-entity responsible for taking on underwriting risks ▪ May have direct interaction with clients but typically reliant on the broker and / or agency channel for distribution in the SME space Clients (SMEs and individuals) Source capacity for distribution directly from Lloyd’s market (No underwriting risk) Distribution of insurance products (key focus is client relationships) Illustrative economics (% of total GWP retained): ~15% ~15% ~10% ~60%++ += Non-AUB Brokers AUB Clients Potential AUB Clients Insurers and Underwriters AUB Agencies AUB Retail Brokers Tysers
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45 OUR LONG-TERM LEVERS FOR EARNINGS GROWTH Long term strategy remains consistent with priorities aligned to where we see opportunities going forward Earning driver priorities M&A Consolidation / Specialisation New Business Growth Improved Commercial Arrangements Commission/ Fee Changes Cost Reduction Technology Retail Broking (AU, NZ) MEDIUM (prev. High) HIGH (prev. Medium) MEDIUM LOW (prev. Medium) LOW (prev. Medium) HIGH Underwriting Agencies (all geographies) MEDIUM HIGH (prev. Medium) MEDIUM (prev. High) MEDIUM MEDIUM (prev. Low) HIGH (prev. Medium) International MEDIUM (prev. High) MEDIUM MEDIUM (prev. High) MEDIUM (prev. High) HIGH HIGH Priority v FY25 Unchanged Raised Lowered
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OVERVIEW: AUSTRALIAN BROKING OVERVIEW ▪ Our Australian broking businesses encompass some of Australia’s largest and most reputable brokerages, with specialist expertise, market penetration and quality client portfolios ▪ The portfolio consists of ~3,200 staff with capabilities across a broad spectrum of insurance and risk management services ▪ Our business model is driven by a partnership mindset, and we work to build and expand on partnerships that will drive sustainable growth and profitability for the benefit of the Group and our broker network ▪ The division encompasses 37 brokerages in the market and generates over $3.8b in premium across the network ▪ With more than 30 years in the industry and a national footprint, Australian Broking is uniquely placed to provide clients with market leading insurance broking and risk management services ~$3.8b in premium1 41% contribution to group revenue2 37 partner businesses with equity ownership ~720,000 clients1 ~1.1m policies1 ~390 locations1 ~3,200 staff1 1. Includes BizCover Australia 2. Excludes AUB Group Corporate Revenue 46
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OVERVIEW ▪ BizCover is the leading digital full-lifecycle SME insurance platform in Australia and New Zealand, operating across the entire insurance value chain - without assuming underwriting risk ▪ With an excellent NPS score of +73, BizCover’s success is driven by sustained investment in the technology, innovation and customer experience ▪ With more than 18 years, the company has built a highly scalable and profitable technology platform, positioning itself as a dominant player in the digitally enabled SME insurance segment. The platform supports a multi-channel distribution strategy, including Direct, White-label, and B2B offerings ▪ Through its modular, multi-product interface, BizCover provides SMEs with access to a broad range of insurance products, including Business Pack, Professional Indemnity, Personal Accident, Public Liability, Cyber Liability and Management Liability, covering the major risks faced by small businesses ▪ Partnered with leading global and domestic insurers, including Vero, QBE, AIG, Hollard, Dual, Berkley, Point, HDI, Chubb, BHSI and Zurich 8% contribution to group revenue1 415,000 clients >6,000 occupations 11 major insurer partners ~206 staff Exclusive Austbrokers Platform OVERVIEW: BIZCOVER 47 white-label partners 1. Excludes AUB Group Corporate Revenue ~$120.7m in revenue
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OVERVIEW: BIZCOVER 48
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OVERVIEW ▪ 6 Broking groups and Insurance Advisernet NZ broker network o Selective investments in high-performing broking businesses ▪ 2 underwriting agencies o Expansion of 360 in New Zealand through investments in Rosser Underwriting and TLC Insurance ▪ The NZbrokers network o NZbrokers is New Zealand’s original independent insurance broker network, representing 37 members (28 non equity members) across the country. Each member leverages the strength and capability of the network, while retaining their successful formula of local knowledge and long-standing relationships ~$1.2b in premium 6% contribution to group revenue1 6 Brokers 2 Agencies 2 broker networks ~245,000 clients ~580,000 policies ~163 locations ~1,580 staff 1. Excludes AUB Group Corporate Revenue OVERVIEW: NEW ZEALAND 49
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OVERVIEW ▪ Our Agencies comprise some of Australia’s leading specialist underwriters who distribute and manage insurance products on behalf of domestic and internationally licensed insurers, including Lloyd’s ▪ The business includes 39 agencies, driving ~$1.3b in premium, ~175,000 policies to ~166,000 clients ▪ Agencies are grouped into three business areas namely General Commercial (under the 360 brand), Specialty (under the SURA brand) and Strata (under the Longitude and Strata Unit Underwriters brands) ▪ Our agency partner underwriters are experts in their chosen domain and hence are able to build, tailor and supply purpose-built insurance cover that caters to the specific and bespoke needs of our broad client-base ▪ The business also includes relevant support services, particularly in claims, to provide a client- focused end-to-end service ~$1.3b in premium 15% contribution to group revenue1 39 Specialist agencies ~166,000 clients ~175,000 policies ~27 locations ~553 staff Specialist claims capabilities 1. Excludes AUB Group Corporate Revenue OVERVIEW: AGENCIES 50
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OVERVIEW: INTERNATIONAL (INCLUDING TYSERS)2 ~$5.1b in premium ~590,000 policies ~61 locations ~1,800 staff OVERVIEW ▪ Tysers within International is a leading specialist international insurance broker in the Lloyd’s marketplace with 200 years of expertise ▪ $5.1b premium, ~1,800 employees, across offices in 15 countries ▪ Capabilities across Wholesale broking to the Lloyd’s marketplace, Retail Broking servicing niche product areas, including entertainment, sport, specialty classes of SME and HNW / private client and Managing General Agents (MGA) with substantial number of delegated authorities, both in-house and third party 51 31% contribution to group revenue1 1. Excludes AUB Group Corporate Revenue 2. Includes the annualised impact of Prestige announced on 27 January 2026 ~470,000 clients Tysers Wholesale Prestige Insurance UK Retail Movo Group Momentum Ronesans 3 MGA’s
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ENVIRONMENTAL, SOCIAL AND GOVERNANCE Maintained MSCI AA rating and recertified as “Great Place to Work” 52 AASB S2 ▪ AUB Group is a Group 1 reporting entity under Australia's mandatory climate reporting regime. Environmental ▪ Sustainability disclosures were prepared in accordance with AASB S2 Climate-related Disclosures, with AUB publishing its inaugural Sustainability Report for FY26 ▪ Scope 1 and Scope 2 greenhouse gas emissions were 7,937 tCO₂-e in FY26 ▪ A detailed assessment of Climate-related Risks and Opportunities (CRROs) and climate scenario analysis was completed during FY26 ▪ Climate-related risks: Key risks identified include evolving climate-related regulations and disclosure requirements, stakeholder and reputational considerations, and the potential impact of extreme weather events on insurance availability and customer outcomes ▪ Climate-related opportunities: Key opportunities identified include growing demand for insurance and risk advisory services, development of specialised insurance products and MGA capabilities, and expansion into renewable energy and emerging technology sectors Social ▪ Women - 55% of our workforce at the end of FY26 • 55% of our promotions were women; • 56% of our new hires were women; ▪ Employee turnover increased 4.6% vs FY25 ▪ Head office employees completed on average 15 hours of training (FY25: 20) ▪ Contributed to a range of organisations via donations and sponsorships ▪ Certified as a ‘Great Place to Work’ for the fifth year Governance ▪ Enhancement of governance practices by: • Strengthening board diversity • Refining our risk management framework • Implementing updated policies on anti-bribery and whistleblower protection
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Appendices C. AUB Group Portfolio Overview
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Portfolio Mix – Premium by Product / Risk Line Portfolio Mix – Premium by Insurer 16% 10% 10% 9% 8%8% 6% 6% 3% 3% 19% 2% Portfolio mix is based on available data from key Australian Broking, New Zealand and Agency businesses as at 30 June 2026 AUB GROUP EX INTERNATIONAL: INSURANCE PORTFOLIO MIX, BY PRODUCT AND INSURER 54 15% 12% 8% 6% 6%3%3% 44% 3% CGU/IAG QBE Vero Allianz Chubb Lloyd’s Ando Zurich Other Business Motor - Commercial Liability ISR Personal Strata PI Farm Workers Comp Motor - Fleet Construction Other
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Client Segment Mix o Retail = Retail / Personal Lines clients o Small Enterprise = Client account size <50k o Medium Enterprise = Client account size 50k-250k o Corporate = Client account size 250k+ Product Line Mix Geography Mix Insurer Mix NSW 40% VIC 19% QLD 19% SA 10% WA 8% ACT 2% NT 1% TAS 1% Corporate 29% Medium Enterprise 27% Personal 3% Small Enterprise 41% Allianz 10% QBE 9% CGU/IAG 7% Vero 6% Chubb 5% National Transport Insurance 4% Zurich 3% Dual 3% Other 53% Portfolio mix is based on available data from key Australian Broking businesses as at 30 June 2026 AUSTRALIAN BROKING PORTFOLIO MIX BY CLIENT SEGMENT, PRODUCT, GEOGRAPHY & INSURER 55 Business 18% ISR 12% Liability 11% Motor - Commercial 9% PI 5% Workers Comp 5% Strata 5% Farm 4% Motor - Fleet 4% Other 27%
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VIC 16% WA 7% NT 1% QLD 16% NSW 32% ACT 1% SA 8% NZ 19% Portfolio Mix – by Geography (%)Portfolio Mix – by Category (%) 87% 13% 91% 9% Commercial Personal Portfolio mix is based on available data from key Australian Broking, New Zealand and Agency businesses AUB GROUP EX INTERNATIONAL: INSURANCE PORTFOLIO MIX, BY PRODUCT CATEGORY AND GEOGRAPHY 56
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57 TYSERS: REVENUE BY INSURER, BROKING TEAM AND INTERMEDIARY PARTNER (12M TO 30 JUN’26) Revenue by Insurer Top 10 insurers account for c.39% of revenue Revenue by Broking Team Top 10 broking teams account for c.55% of revenue Revenue by Intermediary Partner Top 10 intermediary partners account for c.19% of revenue 45% 17% 7% 6% 5% 4% 4% 3% 3% 3% 3% 8% 5% 5% 4% 4% 4% 3%61% 2%2% 2% 81% 4% 3% 2% 2% 2% 2% 1% 1% 1% 1%
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SUMMARY INFORMATION This document has been prepared by AUB Group Limited (ABN 60 000 000 715) (AUB). It is a presentation of general background information about AUB’s activities current at the date of the presentation. It is information in a summary form and does not purport to be complete. It is to be read in conjunction with AUB’s other announcements released to ASX (available at www.asx.com.au). It is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. These should be considered, with professional advice, when deciding if an investment is appropriate. TERMINOLOGY This presentation uses Underlying NPAT to present a clear view of the underlying profit from operations. Underlying NPAT comprises consolidated profit after tax adjusted for value adjustments for the carrying value of associates, after tax profits on the sale of portfolios, interests in associates and controlled entities, contingent consideration adjustments, and income tax credits arising from the recognition of deferred tax assets. It is used consistently and without bias year on year for comparability. A reconciliation to statutory profit is provided in the appendix to this Presentation. FORWARD LOOKING STATEMENTS This document contains certain “forward-looking statements”. The words “anticipate”, “believe”, “expect”, “project”, “forecast”, “estimate”, “likely”, “intend”, “should”, “could”, “may”, “target”, “plan” and other similar expressions are intended to identify forward-looking statements. Indications of, and guidance on, future earnings and financial position and performance are also forward-looking statements. Due care and attention has been used in the preparation of forecast information. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of AUB, that may cause actual results to differ materially from those expressed or implied in such statements. There can be no assurance that the actual outcomes will not differ materially from these statements. Neither AUB nor any other person gives any representation, warranty, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements in this document will actually occur. Except as required by applicable law or the ASX Listing Rules, AUB disclaims any obligation or undertaking to publicly update any forward-looking statements, whether as a result of new information or future events. Statements about past performance are not necessarily indicative of future performance. NOT AN OFFER This document does not constitute an offer, invitation, solicitation, recommendation, advice or recommendation with respect to issue, purchase, or sale of any shares or other financial products in AUB. This document does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States or to any “US person” (as defined in Regulation S under the US Securities Act of 1933, as amended (Securities Act) (US Person)). Securities may not be offered or sold in the United States or to US Persons absent registration or an exemption from registration. AUB shares have not been, and will not be, registered under the Securities Act or the securities laws of any state or jurisdiction of the United States. NOTICE 58
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Thank You