Slides
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Elizabeth Proust, Chairman | Craig Kennedy, Managing Director | Cuscal Limited (ASX:CCL) 2026 Annual General Meeting Moving Payments Forward. Together. 20 October 2026
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IMPORTANT NOTICE This presentation has been prepared by Cuscal Limited (ACN 087 822 455) (Cuscal). This presentation contains summary information about Cuscal and its subsidiaries as at the date of this presentation. The information in this presentation does not purport to be complete and is not intended to be used as the basis for making an investment decision. The information in this presentation should be read in conjunction with Cuscal’s other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange (ASX), which are available at www.asx.com.au. This presentation is not and does not form part of any offer, invitation, or recommendation in respect of securities. Any decision to buy or sell Cuscal securities or other products should be made only after seeking appropriate advice. Reliance should not be placed on information or opinions contained in this presentation and, subject only to any legal obligation to do so, Cuscal does not accept any obligation to correct or update them. This presentation does not take into consideration the investment objectives, financial situation or particular needs of any investor. This presentation contains certain “forward-looking statements”. The words “expect”, “anticipate”, “estimate”, “intend”, “believe”, “guidance”, “should”, “could”, “may”, “will”, “target”, ‘forecast”, “outlook” “set to”, “predict”, “plan” and other similar expressions are intended to identify forward-looking statements. Indications of, and guidance on, future earnings and financial position and performance and any synergies of the combined businesses following the acquisition of Indue Ltd are also forward-looking statements. Forward-looking statements, opinions and estimates provided in this announcement are based on assumptions and contingencies that are subject to change without notice and involve known and unknown risks and uncertainties and other factors that are beyond the control of Cuscal, its directors and management. This includes statements about market and industry trends, which are based on interpretations of current market conditions. Forward-looking statements are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. Actual results, performance or achievements may differ materially from those expressed or implied in such statements and any projections and assumptions on which these statements are based. These statements may assume the success of Cuscal’s business strategies. The success of any of those strategies will be realised in the period for which the forward-looking statement may have been prepared or otherwise. Readers are cautioned not to place undue reliance on forward-looking statements and except as required by law or regulation, none of Cuscal, its representatives or advisers assumes any obligation to update these forward-looking statements. No representation or warranty, express or implied, is made as to the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects, returns or statements in relation to future matters contained in this presentation. The forward-looking statements are based on information available to Cuscal as at the date of this presentation. Except as required by law or regulation (including the ASX Listing Rules), none of Cuscal, its representatives or advisers undertakes any obligation to provide any additional or updated information whether as a result of a change in expectations or assumptions, new information, future events or results or otherwise. Indications of, and guidance or outlook on, future earnings or financial position or performance are also forward-looking statements. Additionally, past performance is no indicator of future performance. Unless stated otherwise, references to results growing, declining, increasing, decreasing, or remaining flat are in comparison to the corresponding period in the prior fiscal year. References to Underlying results exclude the impact of significant, non-recurring, non-operational items and associated tax implications. This presentation contains certain non-International Financial Reporting Standards (IFRS) financial information, including Underlying Net Operating Income, Underlying Net Profit After Tax, Underlying Earnings Per Share, EBITDA, and Underlying Return on Equity. These measures are used by management to assess operating performance and are presented to provide investors with a view of Cuscal’s financial results that reflects operational performance by removing the impact of significant non-recurring, non-operational items and associated tax implications. Non-IFRS financial measures do not have standardised meanings prescribed by Australian Accounting Standards or IFRS and may not be comparable to similarly titled measures presented by other companies. They should not be construed as alternatives to, or more meaningful than, the corresponding statutory financial measures determined in accordance with Australian Accounting Standards. A reconciliation of non-IFRS financial information to statutory financial information is set out in the “Reconciliation of results” slide on page 26 of this presentation. Investors are encouraged to review the statutory financial information and the reconciliation provided. To the fullest extent permitted by law, Cuscal and its subsidiaries, affiliates, related bodies corporate and their respective officers, directors, employees, agents and advisors make no representation or warranty (express or implied) as to the currency, accuracy, reliability, reasonableness or completeness of the information in this presentation and accept no responsibility for any information provided in this presentation, including any forward-looking information or statements, and disclaim any liability whatsoever (including, without limitation, for negligence) for any loss howsoever arising from any use of this presentation or reliance on anything contained in or omitted from it or otherwise arising in connection with this presentation. The release, publication or distribution of this presentation in jurisdictions outside of Australia may be restricted by law and any such restrictions should be observed. This announcement has been prepared for release in Australia. The distribution of this presentation in jurisdictions outside Australia may be restricted by law. Any failure to comply with such restrictions may constitute a violation of applicable securities law. In particular, this presentation may not be distributed or released in the United States. Authorised for release by the Board of Cuscal Limited
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3 2026 AGM - Welcome, Acknowledgement of Country, Quorum and Apologies Elizabeth Proust Independent Chairman
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4 2026 AGM – Notice of Meeting
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5 2026 AGM – Voting and Question Procedures
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6 2026 AGM – 2025 AGM Minutes
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7 2026 AGM – Chairman’s Address
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8 2026 AGM – Managing Director’s Address Craig Kennedy Managing Director
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Formal Business
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2026 AGM – Item 1 Consideration of Financial Statements and Reports To receive and consider the Financial Report, Directors’ Report, Sustainability Report, and the Independent Auditor’s Report of the Company for the financial year ended 30 June 2026.
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2026 AGM – Item 1 Questions
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2026 AGM – Item 2 Adoption of Remuneration Report To consider and, appropriate, pass the following as a non-binding ordinary resolution: “That the Remuneration Report for the Company as set out in the Directors’ Report for the financial year ended 30 June 2026 be adopted.”
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2026 AGM – Item 2 Questions
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2026 AGM – Proxy Votes and Direct Votes for Item 2 Adoption of Remuneration Report Resolution Details Proxy and Direct Votes Resolution Resolution type For1 Against Undirected Total Item 2: Adoption of Remuneration Report Ordinary 115,145,711 97.91% 2,429,830 2.07% 30,619 0.03% 117,606,160 58.86% IC 1. Proxy instructions from affiliated parties and directed towards the Board are counted in favour of the resolution, in the ‘FO R’ category
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2026 AGM – Item 3 Election of Peter Wright as a Director To consider and, if thought fit, pass the following as an ordinary resolution: “That Mr Peter Wright being eligible, offers himself for election as a Director of the Company.”
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2026 AGM – Item 3 Questions
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2026 AGM – Proxy Votes and Direct Votes for Item 3 Election of Peter Wright as a Director Resolution Details Proxy and Direct Votes Resolution Resolution type For1 Against Undirected Total Item 3: Election of Peter Wright as a Director Ordinary 118,774,530 99.97% 9,877 0.01% 30,619 0.03% 118,815,026 59.46% IC 1. Proxy instructions from affiliated parties and directed towards the Board are counted in favour of the resolution, in the ‘FO R’ category
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2026 AGM – Item 4 Election of Leila Fourie as a Director To consider and, if thought fit, pass the following as an ordinary resolution: “That Dr Leila Fourie being eligible, offers herself for election as a Director of the Company.”
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2026 AGM – Item 4 Questions
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2026 AGM – Proxy Votes and Direct Votes for Item 4 Election of Leila Fourie as a Director Resolution Details Proxy and Direct Votes Resolution Resolution type For1 Against Undirected Total Item 4: Election of Leila Fourie as a Director Ordinary 118,711,827 99.91% 72,580 0.06% 30,619 0.03% 118,815,026 59.46% IC 1. Proxy instructions from affiliated parties and directed towards the Board are counted in favour of the resolution, in the ‘FO R’ category
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2026 AGM – Item 5 Approval of the grant of performance rights to Mr Craig Kennedy under the Cuscal Limited Long Term Incentive Plan in respect of FY27 Long Term Incentive To consider and, if thought fit, pass the following as an ordinary resolution: “That, for the purpose of ASX Listing Rule 10.14, and for all other purposes, approval be given for: a) The issue to Mr Craig Kennedy, Managing Director, of 254,978 performance rights under the Cuscal Limited LTI Plan in respect of Mr Kennedy’s FY27 Long Term Incentive on the terms described in the Explanatory Memorandum; and b) The transfer or allocation of securities to Mr Kennedy upon vesting of the performance rights.”
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2026 AGM – Item 5 Questions
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2026 AGM – Proxy Votes and Direct Votes for Item 5 Approval of the grant of performance rights to Mr Craig Kennedy under the Cuscal Limited Long Term Incentive Plan in respect of FY27 Long Term Incentive Resolution Details Proxy and Direct Votes Resolution Resolution type For1 Against Undirected Total Item 5: Approval of the grant of performance rights to Mr Craig Kennedy under the LTI Plan in respect of FY27 LTI Ordinary 115,752,618 98.25% 2,029,069 1.72% 30,619 0.03% 117,812,306 58.96% IC 1. Proxy instructions from affiliated parties and directed towards the Board are counted in favour of the resolution, in the ‘FO R’ category
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2026 AGM – General Questions
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2026 AGM close