Slides
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Credit Corp Group | 1 27 October 2026 FY2027 Performance Update Thomas Beregi CEO Michael Eadie CFO
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Credit Corp Group | 2 Leadership in the credit -impaired consumer segment… Analytics and reach Operational excellence Responsibility and compliance US Debt Buying • Large market opportunity • Diversified purchasing across several sellers • Significant productive capacity across several sites • Emphasis on payment arrangements and a lower proportion of litigated outcomes • Low regulator complaint rate Australian / NZ Lending • Leveraging knowledge of consumer • Up-front loss provisioning • Analytical monitoring • Unique statistical underwriting • Automated decisioning • Collection strength • High level of efficiency • APRs below cap applicable to mainstream credit • Regulatory upside – no ‘payday’ loans • Lower pricing disrupting the market Australian / NZ Debt Buying • Large database • History of pricing accuracy • Purchasing levels vary inversely with pricing • High asset turnover 1 • Low cost to collect 2 • High performing on-shore and off-shore platforms • Strong technology and use of data • Low dispute rate 4 • $1.2b in ongoing repayment arrangements • Externally recognised leadership in hardship response 5 1. FY2026 ratio of cash collections from Purchased Debt Ledgers (PDL) to average PDL carrying value in Australian Debt Ledger Bu ying segment of 0.8x 2. FY2026 cash costs as a proportion of collections in the Australian Debt Buying segment of 44 per cent 3. Current pro-forma gearing is set at 40 per cent of the carrying value of financial assets 4. Refer to page 10 for metrics 5. Financial Counselling Australia: Rank the Banks (and Other Lenders and Debt Collectors) Report 2026, refer page 10 Target: Long term growth ROE 16% Low gearing 3
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Credit Corp Group | 3 $91m $81m $94m $106m $116m - 30 60 90 120 150 FY23 FY24 FY25 FY26 FY27 guidance NPAT ($m) ↑ 10 % 2 1. Mid-point of FY2027 investment and NPAT guidance 2. Excludes impairment of US PDL book of $65 million (pre -tax) and change in PDL life cycle gain of $21.6 million (pre -tax) …is driving record investment and earnings in FY2027 1 • Acquisition of HSBC card run-off book will produce record investment in FY2027 and record earnings at the mid-point of the revised guidance $116m $128m $90m $136m $225m $199m $124m $149m $166m $115m $351m $396m $369m $424m $470m $665m $648m $609m $726m $810m - 100 200 300 400 500 600 700 800 900 FY23 FY24 FY25 FY26 FY27 guidance PDL and lending investment ($m) AU/NZ debt buying US debt buying AU/NZ lending 1
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Credit Corp Group | 4 Operational improvement is underpinning US earnings… • Legal collections up by 50 per cent over the prior year • Improved digital execution $43m $42m $47m $51m $53m $315m $314m $320m $338m $348m - 100 200 300 400 - 20 40 60 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 US collections (LHS) Face value of US payment arrangement book (incl. litigated payers) (RHS) US Collections and arrangement book ($USm) - 10% 20% 30% 40% 50% 60% Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Quarterly growth in legal collections vs pcp (%)
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Credit Corp Group | 5 …while US investment moderates • Elevated pricing continues to limit purchasing • Improved operating platform to lift investment as and when pricing eases $124m $149m $166m - 25 50 75 100 125 150 175 FY24 FY25 FY26 FY27 pipeline US PDL Investment volumes ($m) $76m FY2027 US purchasing guidance of A$100 - $130 million 1. Annualised quarterly asset turnover (collections divided by average PDL carrying value) A$14 million growth since Aug-26 0.40 0.55 0.70 0.85 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Asset turnover by quarter 1 Listed US competitors range CCP USA
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Credit Corp Group | 6 $91m $108m - 20 40 60 80 100 120 Q1 FY26 Q1 FY27 Lending volume ($m) $466m $453m $498m $513m $510m $509m $211m $208m $210m $226m $225m $224m - 100 200 300 400 500 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Gross consumer loan book ($m) Gross loan book (excl. provisions) Annualised revenue on closing book ↑ 12 % Strong consumer lending growth… • Lending volume up by 19 per cent 1 • Book up by 12 per cent 1 1. Sep-26 versus Sep-25 quarter ↑ 19 %
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Credit Corp Group | 7 …with newer products set to sustain momentum Segment Status • Volume up 35 per cent on prior year • Target customer mix being achieved • On track for run rate break-even late in FY2027 • ~120 loans issued to date • Early results are in line with pro-forma • Market opportunity proven • Ramp-up subject to review over coming months card and powerup line of credit
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Credit Corp Group | 8 One -off purchasing opportunities are supporting AU/NZ debt buying growth • Pipeline continues to grow despite intensified competition 1 1. Excluding HSBC, the pipeline has grown by $21 million since Aug-2026 2. $150 million is an estimate with the final consideration for the HSBC credit card run-off book to be determined closer to completion expected early in H2, FY2027 $128m $91m $136m - 50 100 150 200 250 FY24 FY25 FY26 FY27 pipeline AU/NZ PDL Investment volumes ($m) FY2027 AU/NZ purchasing guidance of $200 - $250 million $64m $57m $79m $59m $68m $1,156m $1,143m $1,156m $1,157m $1,173m - 300 600 900 1,200 - 20 40 60 80 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 AU/NZ debt buying collections (LHS) Face value of AU/NZ debt buying payment arrangement book (incl. litigated payers) (RHS) AU/NZ debt buying collections and arrangement book ($m) $225m Includes HSBC $150 million 2
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Credit Corp Group | 9 On-track for a third successive year of strong earnings growth… Ledger investment Gross lending NPAT EPS (basic) 1. Consists of $100 - $130 million in expected US investment and $200 - $250 million in AU/NZ investment 2. FY2027 H1 NPAT guidance range is $45 - $50 million 3. The revised NPAT guidance range of $112 - $120 million represents 10 per cent growth in earnings relative to FY26 at the mid-point of the range Market guidance Issued 21-Aug-2026 reconfirmed $300 - $380 million 1 $445 - $495 million $112 - $120 million 2, 3 164 - 176 cents (vs $302 million in FY2026) (vs $424 million in FY2026) (vs $106 million in FY2026) (vs 155 cents in FY2026) • NPAT guidance represents earnings growth of 10 per cent versus FY26 at the mid-point
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Credit Corp Group | 10 …as we celebrate a decade of leadership in compliance and conduct 1. No. of complaints reported by External Dispute Resolution (EDR) provider (The Australian Financial Complaints Authority) for the 12-month period to FY2026 divided by total PDL collections expressed in millions of dollars 2. No of complaints reported to the EDR provider (the Consumer Financial Protection Bureau) for the 12-month period to FY2026 divided by total PDL collections expressed in million of dollars. Comparison is to 2 largest US debt buyers with primarily in-house collection operations (https://www.consumerfinance.gov/data-research/consumer-complaints/) 3. Financial Counselling Australia: Rank the Banks (and Other Lenders and Debt Collectors) Report 2026 – rating of response to consumer hardship 2026, pages 14, 31, and 34 - 2 4 6 8 Debt buyer C Debt buyer B Debt buyer A Credit Corp FY2026 AU EDR Rate 1 - 2 4 6 8 10 12 14 16 Publicly traded debt buyer B Publicly traded debt buyer A Credit Corp 12 Months to Jun-26 US Dispute Rate 2 - 2 4 6 8 10 Debt buyer C Debt buyer B Debt buyer A Highest ranked bank Credit Corp Rating of banks and debt buyers by financial counsellors in 2026 3 (score out of 10)
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APPENDICES: Key operating metrics
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Credit Corp Group | 12 APPENDICES: Key operating metrics APPENDIX 1: US & AU/NZ debt buying operational metrics 13 APPENDIX 2: Collections life cycle 14 APPENDIX 3: Operational and total headcount 15
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Credit Corp Group | 13 AU/NZ Debt Buying Q1 FY27 Δ Q1 FY26 Collections $68m 6% Productivity $311 (7%) Operations headcount 1 608 10% Payers book (face value) 1 $1,173m 1% APPENDIX 1: US & AU/NZ debt buying operational metrics US Debt Buying Q1 FY27 Δ Q1 FY26 Collections $75m 23% 2 Productivity $516 16% 2 Operations headcount 1 462 2% Payers book (face value) 1 $493m 11% 2 1. Sep-26 versus Sep-25 quarter 2. Constant currency basis
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Credit Corp Group | 14 APPENDIX 2: Collections life cycle 34% 37% 29% 21% 29% 27% 29% 36% 33% 29% 28% 26% 24% 22% 22% 23% 22% 22% 25% 24% 23% 22% 26% 25% 37% 31% 18% 18% 25% 30% 26% 26% 19% 16% 20% 19% 20% 20% 20% 20% 21% 20% 20% 18% 16% 16% 17% 18% 18% 18% 14% 17% 15% 12% 12% 13% 13% 14% 19% 19% 18% 20% 15% 14% 17% 17% 17% 17% 14% 16% 16% 16% 16% 15% 13% 13% 11% 13% 33% 33% 34% 35% 32% 32% 33% 29% 30% 33% 37% 40% 39% 41% 40% 40% 44% 44% 43% 43% 43% 45% 43% 44% 38% 39% - 40 80 120 160 Q4 Jun-20 Q1 Sep-20 Q2 Dec-20 Q3 Mar-21 Q4 Jun-21 Q1 Sep-21 Q2 Dec-21 Q3 Mar-22 Q4 Jun-22 Q1 Sep-22 Q2 Dec-22 Q3 Mar-23 Q4 Jun-23 Q1 Sep-23 Q2 Dec-23 Q3 Mar-24 Q4 Jun-24 Q1 Sep-24 Q2 Dec-24 Q3 Mar-25 Q4 Jun-25 Q1 Sep-25 Q2 Dec-25 Q3 Mar-26 Q4 Jun-26 Q1 Sep-26 PDL Collections by vintage ($m) 1 <1 year 1 - 2 years 2 - 3 years >3 years ↑ 15% 2 1. Combined AU/NZ and US PDL collections 2. Increase of 15 per cent in Q1 FY2027 vs Q1 FY2026 based on constant currency
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Credit Corp Group | 15 APPENDIX 3: Operational and total headcount - 500 1,000 1,500 2,000 2,500 Dec-25 Jun-26 Sep-26 Support Lending Collection Services Debt buying ops Dec-25 Jun-26 Sep-26 Debt buying operations 1,002 1,049 1,070 Collection services 598 605 549 Lending 318 320 327 Support 211 222 216 Total 2,129 2,196 2,162 Support % 10% 10% 10% Period End Headcount (FTE)
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Credit Corp Group | 16