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6 N O V E M B E R 2 0 2 5 AGM Authorised by Andrew Bennett Group Chief Executive Officer For personal use only
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1 7 9 5 2 9 5 .00 cps .05 cps .09 cps .03 cps $9 $7 $ .3m .9m .7m $3 $4 $9 $1 8 4 3 .4m .8m .6m . .5m .8m .6m 3 7 9 6 8 4 $3 $5 $8 $6 A good year FY 2025 Financial Highlights Revenue¹ EBITDA to shareholders² EPSA² 1. Underlying revenue excludes interest income (FY25 $4.2m, FY24 $3.4m). Prior comparative information has been adjusted to conf orm with reclassifications between Revenue and other profit and loss line items affecting the current year presentation. 2. Underlying basis attributable to shareholders. Excludes profit on sales of assets (FY25 $3.6m, FY24 $0.1m after tax), impairm ent charge (FY25 $nil, FY24 $4.3m after tax), share-based payment expense in relation to share options issuance to non -executive directors (FY25 $2.4m, FY24 $nil after tax), transaction costs (FY25 $nil, FY24 $0.1m after tax) and COG’s 21.45% and 19.89% proportionate share of Earlypay Limited and Centrepoint Alliance Limited’s ( i) amortisation of acquired intangibles (FY25 $0.5m, FY24 $0.2m after tax), (ii) redundancy and restructuring costs (FY25 $nil, FY24 $0.1m after tax), (iii) transaction costs (FY25 $0 .2m, FY24 $nil after tax) and (iv) the release of contingent consideration for the acquisition of FAM by CAF (FY25 $0.2m, FY24 $ nil after tax) +1% on pcp +4% on pcp -4% on pcp 2 For personal use only
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Solid EPSA yield Dividends and EPSA 1. Dividends are fully franked 2. Total dividends divided by NPATA 3. FY25 total dividends divided by the COG closing share price at 30 June 2025 4. FY25 total dividends (grossed up by 30%) divided by the COG closing share price at 30 June 2025 5. Earnings per share adjusted for the amortisation of acquired intangible and calculated using the Weighted Average Number of O utstanding Shares for each FY 1.22 3.50 3.70 4.00 3.00 1.52 6.00 4.80 4.70 4.40 3.00 5.95 5.72 12.01 13.94 12.55 12.56 12.00 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Interim dividend per share Final dividend per share EPSA 8.40 8.40 6.00 Dividend yield of 3.8%3 Dividend yield grossed up for franking benefit of 5.4%4 Payout ratio of 50.6%2 (F24: 67.7%2) Final Dividend declared of 3.0 cps1(FY24: 4.4 cps1) Cents per share To continue to ensure effective capital management and efficient funding of business activities, we have lowered our current dividend payout ratio to circa 50% of NPATA. In addition (and in line with the approach applied to the interim dividend), we have suspended the Dividend Reinvestment Plan forthe final dividend of 3.0 cents that has been announced today. We note the use of DRP is EPSA dilutive therefore future EPSA has been assisted by its suspension in relation to today's dividend. 5 Nil 1.52 7.22 8.30 3 For personal use only
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FY 2025 Financial Highlights 1. Underlying net profit after tax to shareholders and before amortisation of acquired intangibles. Strong growth from our Novated Leasing segment continues. Our primary sectors, infrastructure and construction, within the Finance Broking & Aggregation segment have continued to perform well in FY 2025, with Net Assets Financed of $8.4bn despite the end of the instant tax write-off incentive (June 2024). During 2H 25, we have divested from our non-core investments in Earlypay Limited (‘EPY’)’s 21.45% and Centrepoint Alliance Limited (‘CAF’)’s 19.89% as we focus on our core operating segments. Continued execution of our acquisition strategy, where targets can be secured at the right price. Acquisitions since 1 July 2024 were made for an amount of $15.1m, with the major acquisitions including: • An additional 5% equity interest in QPF , effective 1 July 2024. • 100% of the salary packaging business known as Community Salary Packaging through COG’s subsidiary Paywise, effective 11 July 2024. • 70% of the business and consumer lending finance broker known as AAA Finance and Insurance (Australia) Pty Ltd, effective 1 May 2025. Underlying performance1 was up 4% on PCP after allowing for the diminished contribution of COG’s TL Commercial lease business (in run-off). NPATA to shareholders is $24.0m (FY24: $24.2m), 1% down on PCP . EPSA is 12.00cps (FY24: 12.56cps). We declared a final dividend of 3.0 cents in relation to the year ended 30 June 2025. 4 For personal use only
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Despite losing instant tax asset write-off that ended in FY 24 Solid Volumes 1,344 1,524 1,631 2,041 2,365 2,242 3,284 3,404 4,321 4,203 1,403 1,604 1,720 2,198 2,154 2,917 3,405 4,274 4,532 4,185 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 +8% $8.4bn net assets financed in FY 2025 3Ys CAGR1 -5% vs. PCP 1H 2H 1. Calculated as the Compound Annual Growth Rate (CAGR) for the last 3 financial years 5 (in $ millions) 2,747 7,678 6,689 5,159 3,351 4,5194,239 3,128 8,853 8,388 For personal use only
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COG FY 2026 Two Core Profit drivers Salary Packaging / Novated leasing Broking & Aggregation Aggregation Core Broking Peer to Peer Growth in the core segments is solid Expect continued growth from organic opportunities Acquisition Opportunities: Internal - Fleet Network (completed Oct 25) Externally - Focused on salary packaging Market grows at GPD plus asset price inflation Year to year more variable. Acquisition Opportunities: Internal – Equity-One For personal use only
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or g anic Salary Packaging – the momentum continues 7 COG Group’s EBITDA to shareholders1,2 Recent significant client wins3 1.Assuming that EasiFleet is owned by COG for entirety of FY25 2.Assuming ownership of an additional 14.08% in Fleet Network by COG for the entirety of FY25. 3.Clients with more than 500 employees Underyling FY25 EasiFleet FleetNetwork Pro forma FY25 In $ millions - 5 10 15 20 25 30 35 40 45 50 +25% Acquisitions Or g anically 18 tender wins 4 as panel members In total providing access to over 88,000 staff 38.4 5.7 3.9 48.0 For personal use only
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Looking forward The Group’s Novated segment continues to deliver outstanding results. We expect ongoing organic growth as we continue to capture opportunities driving uptake with current partners, assisted by current government incentives on electric vehicles. COG will continue to remain active in the identification of strategic acquisitions (at the right price) to add to the organic trajectory of our business segments. COG is continuing to invest in key operational areas of its business particularly in functional improvements within the broker aggregation space and on cyber security. Insurance Broking will be an area of increased focus. COG expects to continue to pay a fully franked dividend. Broking & Aggregation and Salary Packaging are exciting and developing sections of the Australia economy. First quarter trading results in line with budget For personal use only
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COG Financial Services Limited ('COG’) has not considered the financial position or needs of the recipient in providing this presentation ('Presentation'). Persons needing advice should consult their stockbroker, bank manager, solicitor, attorney, accountant or other independent financial or legal adviser. This Presentation includes certain 'forward-looking statements' which are not historical facts but rather are based on COG’s current expectations, estimates and projections about the industry in which COG operates, and beliefs and assumptions regarding COG’s future performance. Words such as ‘anticipates’, 'expects', 'intends', 'plans', 'believes', 'seeks', 'estimates' and similar expressions are intended to identify forward-looking statements. These statements are not guarantees, representations or warranties of future performance and are subject to known and unknown risks, uncertainties and other factors (some of which are beyond the control of COG), are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. COG cautions shareholders and prospective shareholders not to place undue reliance on these forward-looking statements, which reflect the view of COG only at the date of this Presentation. The forward-looking statements made in this Presentation relate only to events and circumstances as of the date on which the statements are made. COG will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this Presentation except as required by law or by any appropriate regulatory authority. Investors should also note that COG’s past performance, including past share price performance, cannot be relied upon as an indicator of (and provides no guidance as to) COG’s future performance including COG’s future financial position or share price performance. No party other than COG has authorised or caused the issue of this Presentation, or takes any responsibility for, or makes, any statements, representations or undertakings in this Presentation. This Presentation should be read in conjunction with COG Appendix 4E and COG’s 30 June 2025 Annual Financial Report, and all other ASX announcements by COG. Disclaimer For personal use only