Slides
Page 1
Credit Corp Group | 1
Page 2
Credit Corp Group | 2 Leadership in the credit -impaired consumer segment… Leadership position of Credit Corp 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 • $1.2bn 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 appendix 6: Market leadership in compliance and conduct 5. Financial Counselling Australia: Rank the bank and other lenders and debt buyers survey 2026 Target: Long term growth ROE 16% Low gearing 3
Page 3
Credit Corp Group | 3 $88m $96m $91m $81m $94m $106m - 30 60 90 120 FY21 FY22 FY23 FY24 FY25 FY26 NPAT ($m) 130.9¢ 148.9¢ 134.2¢ 74.5¢ 138.2¢ 155.0¢ 72.0¢ 74.0¢ 70.0¢ 38.0¢ 68.0¢ 77.5¢ - 30 60 90 120 150 180 FY21 FY22 FY23 FY24 FY25 FY26 EPS (¢) and DPS (¢) EPS (¢) DPS (¢) 12 % 1 1. Statutory NPAT of $100.7 million includes $4.5 million US PPP loan forgiveness which occurred in H1 FY2022 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) …has produced strong growth, record earnings and increased dividends… Summary of FY2026 financial outcomes 2
Page 4
Credit Corp Group | 4 …with the US driving the record result… 1. Constant currency basis FY2026 FY2025 VAR % Australian / NZ debt buying and collection services $220.6m $219.9m < 1% US debt buying $150.5m $125.9m 26% 1 Australian / NZ lending $214.9m $199.8m 8% Revenue total $586.0m $545.6m 7% Australian / NZ debt buying and collection services $23.4m $22.2m 5% US debt buying $26.2m $17.6m 57% 1 Australian / NZ lending $55.9m $54.3m 3% NPAT total $105.5m $94.1m 12% EPS (basic) 155.0c 138.2c 12% Dividend 77.5c 68.0c 14% FY2026 financial results
Page 5
Credit Corp Group | 5 …and contributing to asset growth with improved returns 1. Constant currency basis FY2026 financial results $320m $343m $506m $532m $466m $510m $1,292m $1,385m - 200 400 600 800 1,000 1,200 1,400 1,600 1,800 FY25 FY26 Gross financial assets($m) AU/NZ debt buying US debt buying AU/NZ lending 10 % 1 7 % 9% 11.1% 2.3% 0.4% (0.7%) 13.1% FY25 US debt buying AU/NZ debt buying AU/NZ lending FY26 - 2% 4% 6% 8% 10% 12% 14% 16% ROE at pro-forma gearing (40%) 2.3 ppts 0.4 ppts (0.7) ppts
Page 6
Credit Corp Group | 6 Current Medium (2-3 years) Long-term aspiration Investment growth of 3-5 per cent p.a. in accordance with unsecured credit growthAustralian / NZ debt buying US debt buying Our growth strategy UK consumer lending Australian / NZ consumer lending Annual investment of ~$100m Annual investment of US$120m Unsecured cash loans. First loans issued in July 2026 Annual investment US$200m+ Book of $400m+ Annual investment US$150m – US$200m Book of $150-200m Our strategic growth aspirations remain intact… Wallet Wizard unsecured loans appealing to an immediate cash need Wizit credit card and Powerup line-of- credit for payment flexibility Total book of $510m CarStart auto lending book Book of $100m Total book of $800m Book of $150m Low single digit book growth Book of $200m+ Total book of $1bn Book of $200m+
Page 7
Credit Corp Group | 7 Segment Response US debt buying Supply has started to contract Price increases on larger tenders Collection outcomes remain consistent with those experienced since mid-2023 • Continue successful program of operational improvement • Maintain purchasing discipline Australian / NZ lending Evidence of increased consumer demand in H2 of FY2026 Losses and arrears within pro-forma despite mixed economic conditions • Drive share through improved marketing, underwriting accuracy and product diversification • Geographic expansion Australian / NZ debt buying Increased supply as a consequence of unsecured credit growth Intensified competition, including a new well- capitalised entrant • Focus on operational improvement • Maintain purchasing discipline • Apply superior capacity to larger one-off transactions …despite more challenging conditions in some markets Tailwinds Headwinds
Page 8
Credit Corp Group | 8 Investment and performance uplifted US collections and returns… $m in AUD FY2026 FY2025 VAR % / ppts NPAT $26.2m $17.6m 57% 1 Ledger investment $166.2m $149.0m 18% 1 Cost to collect 36% 38% 2 ppts US PDL carrying value $532.3m $506.3m 10% 1 Asset turnover 0.52 0.48 8% ROE 8% 2 6% 2 ppts 1. Constant currency basis 2. Based on current pro-forma gearing of 40 per cent 3. As at FY2025 and FY2026 year end Segment performance US debt buying 100 200 300 400 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun US Productivity per hour (USD $) 12m to Jun-25 12m to Jun-26 US Debt Buying $m in USD FY2026 FY2025 Δ Collections $183m $147m 24% Productivity $334 $244 37% Operations headcount 3 466 462 1% Payers book (face value) 3 $338m $304m 11% No. of major debt sellers acquired debt from during period 7 5 2 $35m $34m $37m $41m $43m $42m $47m $51m $295m $297m $301m $304m $315m $314m $320m $338m - 100 200 300 400 - 20 40 60 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 US collections (LHS) Face value of US payment arrangement book (incl. litigated payers) (RHS) US Collections and arrangement book (USD $)
Page 9
Credit Corp Group | 9 0.40 0.55 0.70 0.85 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Asset turnover by quarter 1 CCP USA Listed US competitors range …producing a more competitive operating platform… Segment performance US debt buying 1. Based on annualising quarterly collections - 10% 20% 30% 40% Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Quarterly growth in legal collections vs pcp (%) • Asset turnover improving towards listed competitor levels • Gap in legal effectiveness is narrowing rapidly
Page 10
Credit Corp Group | 10 …to secure investment and growth in a challenging purchasing market • Investment is expected to be lower in FY2027 • Operational improvement will account for segment earnings growth in FY2027 • Solid starting pipeline US debt buying investment $124m $149m $166m $62m - 50 100 150 200 FY24 FY25 FY26 FY27 pipeline US PDL Investment volumes ($m in AUD) FY2027 US purchasing guidance of A$100 - $130 million
Page 11
Credit Corp Group | 11 Record lending volume and closing consumer loan book… $193m $267m $351m $395m $369m $424m - 100 200 300 400 500 FY21 FY22 FY23 FY24 FY25 FY26 Lending volume ($m) New customers Returning customers • Increased consumer demand and improved marketing delivered: • Record volume of $424 million, up 15 per cent on the prior year; • A record closing loan book of $510 million $184m $251m $358m $445m $466m $510m $86m $110m $160m $199m $213m $225m - 100 200 300 400 500 FY21 FY22 FY23 FY24 FY25 FY26 Consumer loan book ($m) and annualised revenue on closing book ($m) Gross loan book (excl. provisions) Annualised revenue on closing book Segment performance – lending I
Page 12
Credit Corp Group | 12 $54m $56m $1m - 20 40 60 80 FY25 FY26 Lending NPAT ($m in AUD) Segment NPAT P&L investment in growth initiatives 3 % Segment performance – lending II …lifted segment earnings after funding growth initiatives… • P&L investment in growth initiatives increased from $1 million in FY2025 to $4.5 million in FY2026 • Realised credit losses and arrears remain in line with pro-forma 14.7% 15.9% 15.8% 15.5% 20.5% 19.5% 18.2% 17.8% FY23 FY24 FY25 FY26 Loss Provision to Realised Losses (%) Realised losses on expiring cohort (net of recoveries to date) Loss provision Pro-forma ($1m) ($5m)
Page 13
Credit Corp Group | 13 …necessary for longer -term growth in consumer lending Product and market diversification Segment Status • Strong customer appeal, accounting for 17 per cent of new customer loan traffic • Changes to scorecard are delivering target customer mix • Marketing and distribution subject to ongoing optimisation • Large sub-prime consumer lending market • Significantly under serviced due to historic compliance issues • Opportunity to enter market with favourable economics • Acquired licensed shell in FY2026 to facilitate market entry: • Scalable local systems build completed • First loans issued in July 2026 • Ongoing refinement of settings card and Powerup line of credit
Page 14
Credit Corp Group | 14 200 300 400 500 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun AU/NZ debt buying productivity per hour (AUD $) 12m to Jun-25 12m to Jun-26 A one -off purchase produced improved AU/NZ debt buying NPAT $m in AUD FY2026 FY2025 VAR % / ppts NPAT $23.4m $22.2m 5% Ledger investment $135.7m $90.5m 50% Cost to collect 44% 45% 1 ppts AU/NZ debt buying PDL carrying value $342.9m $319.9m 7% Asset turnover 0.78 0.77 1% Segment performance AU/NZ debt buying $69m $63m $59m $60m $64m $57m $79m $59m $1,316m $1,285m $1,253m $1,255m $1,156m $1,143m $1,156m $1,157m - 350 700 1,050 1,400 - 20 40 60 80 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 AU/NZ debt buying collections (LHS) Face value of AU/NZ debt buying payment arrangement book (incl. litigated payers) (RHS) AU/NZ debt buying collections and arrangement book ($m In AUD) AU/NZ Debt Buying $m in AUD FY2026 FY2025 Δ Collections $260m $251m 4% Productivity $337 $316 7% Operations headcount 2 583 574 2% Payers book (face value) 2 $1,157m $1,255m (8%) 1. Acquisition of large performing book in February 2026 2. As at FY2025 and FY2026 year end 1
Page 15
Credit Corp Group | 15 AU/NZ debt buying is positioned for upside $128m $91m $136m $54m - 50 100 150 200 FY24 FY25 FY26 FY27 pipeline AU/NZ PDL Investment volumes ($m in AUD) FY2027 AU/NZ purchasing guidance of $100 - $150 million • Solid starting pipeline and increased opportunity AU/NZ debt buying investment
Page 16
Credit Corp Group | 16 Expanded finance facilities to fund growth - 10% 20% 30% 40% - 100 200 300 400 500 H1 FY23 H2 FY23 H1 FY24 H2 FY24 H1 FY25 H2 FY25 H1 FY26 H2 FY26 Cash facilities ($m) and gearing 1 (%) Net borrowings (LHS) Cash and undrawn facilities (LHS) Gearing (RHS) 1. Calculated as net borrowings as a per cent of carrying value of financial assets • Expanded financing facilities and reduced margin to maximise opportunistic investment Debt and capital headroom
Page 17
Credit Corp Group | 17 AI is contributing to operational improvement • Centralised facilitation, governance and resource prioritisation • Commitment to an enterprise toolset • Mandatory human-in-the-loop → Examples of wins to date ▪ Call summarisation and statusing ✓ ▪ Dialling execution ✓ ▪ QA call review ✓ ▪ Overhead automation – coding – reporting ✓ → Some initiatives in progress ▪ Improved analytics to prompt activity ✓ ▪ Training needs analysis and upskilling ✓ Business impact Business impact Efficiency Effectiveness AI update
Page 18
Credit Corp Group | 18 FY2027 guidance is for solid growth in challenging market conditions Ledger investment Gross lending NPAT EPS (basic) FY2027 outlook FY2027 Guidance Issued Aug-2026 $200 - $280 million 1 $445 - $495 million $110 - $118 million 2 161 - 173 cents (vs $302 million in FY2026) (vs $424 million in FY2026) (vs $106 million in FY2026) (vs 155 cents in FY2026) 1. Consists of $100 - $130 million in expected US investment and $100 - $150 million in AU/NZ investment 2. FY2027 H1 NPAT guidance range is $45 - $55 million
Page 19
APPENDICES: Key operating metrics
Page 20
Credit Corp Group | 20 APPENDICES: Key operating metrics APPENDIX 1: Operating cash flow and gearing 21 APPENDIX 2: Collections life cycle 22 APPENDIX 3: Operational and total headcount 23 APPENDIX 4: RBA aggregate interest -bearing card balances 24 APPENDIX 5: US unsecured credit outstandings and charge -off rates 25 APPENDIX 6: Market leadership in compliance and conduct 26
Page 21
Credit Corp Group | 21 APPENDIX 1: Operating cash flow and gearing Operating cash flow and gearing FY2026 FY2025 FY2024 FY2023 PDL collections $529.6m $478.6m $463.7m $493.8m Lending income $214.9m $199.8m $179.1m $147.8m Other income $76.8m $80.3m $92.8m $50.3m Interest expense / income ($33.9m) ($32.9m) ($23.8m) ($15.6m) Operating expenses ($311.4m) ($300.3m) ($296.3m) ($278.0m) Taxation ($49.1m) ($39.2m) ($23.2m) ($12.6m) PDL acquisitions, net lending and capex ($435.2m) ($335.2m) ($442.3m) ($471.0m) Net operating (free) cash flow ($8.3m) $51.1m ($50.0m) ($85.3m) PDL carrying value $875.3m $826.1m $780.7m $762.1m Consumer loans net carrying value $419.6m $381.2m $358.5m $284.5m Net cash / (borrowings) ($414.3m) ($344.1m) ($349.7m) ($248.4m) Net borrowings / carrying value (%) 32.0% 28.5% 30.7% 23.7%
Page 22
Credit Corp Group | 22 APPENDIX 2: Collections life cycle 34% 37% 29% 21% 29% 27% 29% 36% 33% 29% 28% 26% 24% 22% 22% 23% 22% 22% 24% 24% 24% 22% 26% 25% 37% 31% 18% 18% 25% 30% 26% 26% 19% 16% 20% 19% 20% 20% 20% 20% 21% 20% 20% 18% 16% 16% 16% 18% 17% 18% 15% 17% 15% 12% 12% 13% 13% 14% 19% 19% 18% 20% 15% 14% 17% 17% 17% 17% 14% 16% 17% 17% 17% 16% 13% 13% 11% 13% 33% 33% 34% 35% 32% 32% 33% 29% 30% 33% 37% 40% 39% 41% 40% 40% 44% 44% 43% 43% 43% 44% 44% 44% 37% 39% - 40 80 120 160 Q3 Mar-20 Q4 Jun-20 Q1 Sep-20 Q2 Dec-20 Q3 Mar-21 Q4 Jun-21 Q1 Sep-21 Q2 Dec-21 Q3 Mar-22 Q4 Jun-22 Q1 Sep-22 Q2 Dec-22 Q3 Mar-23 Q4 Jun-23 Q1 Sep-23 Q2 Dec-23 Q3 Mar-24 Q4 Jun-24 Q1 Sep-24 Q2 Dec-24 Q3 Mar-25 Q4 Jun-25 Q1 Sep-25 Q2 Dec-25 Q3 Mar-26 Q4 Jun-26 PDL COLLECTIONS BY VINTAGE ($m) 1 <1 year 1 - 2 years 2 - 3 years >3 years ↑ 14% 2 1. Combined AU/NZ and US PDL collections 2. Increase of 14 per cent in FY2026 vs FY2025 based on constant currency
Page 23
Credit Corp Group | 23 APPENDIX 3: Operational and total headcount - 500 1,000 1,500 2,000 Jun-25 Dec-25 Jun-26 Support Lending Collection Services Debt buying ops Jun-25 Dec-25 Jun-26 Debt buying operations 1,036 1,002 1,049 Collection services 579 598 605 Lending 255 318 320 Support 195 211 222 Total 2,065 2,129 2,196 Support % 9% 10% 10% Period End Headcount (FTE)
Page 24
Credit Corp Group | 24 APPENDIX 4: RBA aggregate interest bearing card balances 15 17 19 21 23 25 27 29 31 33 Australian credit card balances accruing interest ($b) 1 Balances accruing interest ($bn) - seasonally adj 1. Value of Australian credit card balances accruing interest ( https://www.rba.gov.au/statistics/tables/xls/c01hist.xlsx?v=2026-07-02-14-31-04 )
Page 25
Credit Corp Group | 25 APPENDIX 5: US unsecured credit outstandings and charge -off rates 1. Total Revolving Debt Outstanding, Federal Reserve Economic Data (https://fred.stlouisfed.org/series/CCLACBW027SBOG) 2. Charge-Off Rates on Credit Cards, All Commercial Banks, Federal Reserve Economic Data (https://fred.stlouisfed.org/series/CORCCA CBN) 0% 1% 2% 3% 4% 5% - 200 400 600 800 1000 1200 2019 Q1 2019 Q2 2019 Q3 2019 Q4 2020 Q1 2020 Q2 2020 Q3 2020 Q4 2021 Q1 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1 US Revolving Credit (US$b) and Quarterly Charge-Off Rates (%) US revolving credit (USD $b) (LHS) Quarterly charge off rates (RHS) 1 2
Page 26
Credit Corp Group | 26 1. No. of complaints reported by External Dispute Resolution (EDR) provider (The Australian Financial Complaints Authority) for the 12-month period to Dec-25 divided by total PDL collections expressed in millions of dollars 2. Comparison is to 2 largest US debt buyers with primarily in -house collection operations 3. Financial Counselling Australia: Rank the banks and other lenders and debt buyers survey 2026 – rating of response to consumer hardship 2026, pages 14, 31, and 34 - 1 2 3 4 5 6 Debt buyer C Debt buyer B Debt buyer A Credit Corp FY2026 AU EDR Rate 1 - 2 4 6 8 10 12 14 Publicly traded debt buyer B Publicly traded debt buyer A Credit Corp 12 Months to Mar-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) APPENDIX 6: Market leadership in compliance and conduct
Page 27
Credit Corp Group | 27