Slides
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13 November 2025 Annual General MeetingFor personal use only
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Chair’s address Paul Reynolds Chair For personal use only
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FY25 Results Strong performance, Management EPS up 15% (results compared to proforma pcp) 3 Management EPS1 Margin Income (MI) Total dividend per share (AUD)2Return on Invested Capital (ROIC) Management EBIT ex. MI Management Revenue $3.1bn Up 4.4% $411.9m Up 17.4% $759.1m Down 2.8% 35.8% Up 50bps 135.1 cps Up 15.0% 93 cps Up 13.4% Notes: All figures in this presentation are presented in USD millions and in constant currency, unless otherwise stated. 1 FY25 Management EPS is based on shares on issue as at 31 December 2024. Does not include shares bought back during 2H FY25. FY24 EPS is based on shares on issue as at 30 June 2023 of 603,729,336 (pre buybacks). 2 Unfranked; Compared to FY24 total dividend per share of AUD 82 cps. Results are compared to Proforma pcp. Proforma adjustments to FY24 only, defined as Group results excluding US Mortgage Services (MS) contribution for the full year of FY24. FY25 unadjusted. For personal use only
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Supporting a range of social programs across our communities Focus: World Youth International School in Nepal 4 IT College OPENING IN 2026 Up to 50 students a year will be able to enrol in a Bachelor of IT Degree. Profits generated will be used to offset the school’s operating costs. Change A Life BOARDING CENTRE BUILT AU$300,000 raised by employees through fundraising treks funded the build of the Boarding Centre, which provides accommodation for students. Essential upgrades BUILD COMPLETE Built a Senior School with four new classrooms and upgraded the science lab, library, computer rooms and sporting facilities. TECHNOLOGY AND TRANSPORT UPGRADES Provided two new school buses, WIFI, surveillance cameras, backup generator and a solar hot water system. Supported 10 charities local to our offices TOUR DE FARMS Cycling challenge in the UK raised AU$90,000 for our UK local charities, Farms for City Children and FareShare. FOODBANK SELECTED Employees in Australia voted for Foodbank as our local charity. For personal use only
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CEO’s address Stuart Irving Chief Executive Officer and President For personal use only
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12,000+ Employees 35.1m Shareholder accounts Computershare today Focused, high quality, capital light - anchored around three core divisions 6 Issuer Services Employee Share PlansCorporate Trust Key statistics $6.6tn Debt under administration $267bn Employee Share Plan Assets under administration $2.4tn Payments made per annum $84bn Client balances under management (including MMF) For personal use only
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Key value creation strategies A business built on trust, technology, longstanding client relationships and execution capability 7 Ability to grow earnings and deliver high returns on capital through cycles Improve the consistency of our earnings by managing our exposure to short term interest rate movements Continue to strengthen our business through technology investments and client innovations Proven track record of completing large scale acquisition integrations and technology projects and delivering the anticipated benefits Maintain balance sheet strength to fund innovation, acquisitions and reward shareholders For personal use only
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8 FY25 Business performance Revenue and EBIT growth across all businesses, with and excluding MI Issuer Services Corporate Trust Employee Share Plans For personal use only
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9 High quality businesses drive strong returns Balance sheet strength funds innovation, acquisitions and shareholder returns Cash flow Improving cash conversion reflects synergy programs progressing to completion. Capex Debt leverage Shareholder returns 152% increase in shareholder returns vs. FY23. AU$750m buyback completed in FY25, AU$29.59 average purchase price. Capital light businesses require low levels of ongoing capex to maintain performance levels. Majority of software development expensed, not capitalised. Low leverage ratio provides substantial capacity to invest in business growth and further reward shareholders. 243.5 312.0 333.5 211.1 279.3 FY23 FY24 FY25 Dividends Buyback 1,029.9 461.4 527.60.85 0.36 0.42 0.00 0.20 0.40 0.60 0.80 1.00 1.20 1.40 0.0 200.0 400.0 600.0 800.0 1,000.0 1,200.0 FY23 FY24 FY25 Net Debt Net Debt to EBITDA ratio Proforma defined as Group results excluding US MS and KCC. FY23 and FY24 cash flow excludes US MS and KCC (FY23 only). Numbers are in USD M at Actual fx rates, leverage ratio (times X), conversion ratio (%). 611.5 718.0 823.7 50% 56% 66% 20% 30% 40% 50% 60% 70% 80% 90% - 100.0 200.0 300.0 400.0 500.0 600.0 700.0 800.0 900.0 FY23 FY24 FY25 Operating cash (Proforma) Operating cash to Management EBITDA conversion ratio (Proforma) 49.9 36.5 46.8 1.6% 1.1% 1.5% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 FY23 FY24 FY25 Capex Capex as a % of revenue For personal use only
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Revenue ex MI FY26 trading update - strengthening confidence FY26 guidance affirmed, Management EPS up around 4%, c. 140 cps. Q1 tracking well to expectations. Core fees, event fees and transactional income all a little ahead of expectations. Corporate actions activity is rising, debt issuance volumes are improving, and employee share plan trading remains consistent. Margin income Client balances growing as activity levels increase. $720m MI Guidance affirmed versus FY25 MI of $761m. Higher balances offsetting lower yields. Balances now expected to be $30.6bn for FY26. EBIT ex MI EBIT ex MI slightly ahead of plan, ongoing margin expansion towards 20% mid-term target. FY26 guidance affirmed – up 5% v PCP . Capital management Strong balance sheet provides capacity to fund innovation, acquisitions and rewards to shareholders. Sale of UK Mortgage Services announced. $200m of USPP debt will be repaid Nov 25. Dividend payout under review given tax limitations on future share buybacks. Please refer to slide 8 of the FY25 ASX market presentation for guidance assumptions. 10 For personal use only
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Tokenization Topics of focus Positioning Computershare for the next chapter of growth Taking an active role working with the SEC's Crypto Task Force to assist with the design of best market practice for tokenized equities ensuring liquidity, Issuer controls and fungibility with existing issuances, as well as investor protection. Long term opportunity for the group. Quality of earnings As we near the completion of acquisition integrations and large-scale cost out projects, cash related management adjustments to earnings are falling sharply in FY26 and will be eliminated by the end of FY27. Acquisition pipeline Organisational capabilities Ongoing review from top down to provide Computershare with the right capabilities, technologies, regulatory approvals and structures to deliver the next chapter of growth. We have clear acquisition targets in our core verticals and are in discussions with vendors. We will maintain our patient and disciplined approach to ensure we buy the right assets at the right price. 11 For personal use only
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37.6% 0% 5% 10% 15% 20% 25% 30% 35% 40% FY98 FY99 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Computershare investment case Computershare’s high quality, capital light business continues to deliver long term growth through cycles 12 Track record – long term earnings growth, margins and returns to shareholders High quality, capital light business with recurring revenues and high client retention Leading positions in large markets with positive growth trends Robust, market critical proprietary technology and platforms Strong balance sheet and cash flow - funds growth investments and returns to shareholders Group Revenue (USD M) Average historical margin ~22% EBIT Margin (%) 38.7% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Average historical ROE ~27% Return on Equity (%) 93 0 20 40 60 80 100 FY98 FY99 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Annual Dividend (AUD cps) 0 500 1,000 1,500 2,000 2,500 3,000 3,500 FY98 FY99 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 US Mortgage Services (US MS), disposed on 1st May 2024 For personal use only
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Direct and Proxy Votes received before the AGM Resolution For Against Open Abstain Item 2 Re-election of Tiffany Fuller 382,139,165 90.04% 40,135,310 9.46% 2,106,601 0.50% 373,529 Item 3 Remuneration Report 409,357,660 96.48% 12,845,114 3.03% 2,079,405 0.49% 474,225 Item 4 FY26 LTI Grant to the CEO 416,719,200 98.20% 5,515,059 1.31% 2,076,231 0.49% 445,914 13 For personal use only
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Exposed 33% Hedged 30% Non- Exposed 37% Exposed 32% Hedged 30% Non- Exposed 38% 14 Appendix: Margin Income, yields and average client balances FY26 MI remains at ~$720m, higher balances offset slightly lower yields Average balances exclude US Mortgage Servicing for 1H23-2H24 and Class Actions and Bankruptcy for 1H23-2H23. * = 1H26 and 2H26 are translated at the FY25 average FX rates. FY26 – August Disclosure FY26 – Updated Disclosure Avg Client Balances ($bn) MI ($m) Avg Weighted Yield (%) Avg Client Balances ($bn) MI ($m) Avg Weighted Yield (%) Exposed 9.8 330 3.33% 10.1 322 3.19% Hedged 9.0 304 3.38% 9.1 310 3.41% Non-Exposed 11.4 86 0.76% 11.4 88 0.77% Total 30.2 720 2.38% 30.6 720 2.35% August Disclosure November Disclosure 2.00% 2.50% 3.00% Current Rates 3.50% 4.00% 4.50% +2b Balances 653 696 740 766 783 826 869 +1b Balances 639 679 718 743 758 798 838 FY26E Balances 625 661 697 720 733 769 806 -1b Balances 611 643 676 696 708 741 774 -2b Balances 596 625 655 673 684 713 742 Numbers above are translated at the FY25 constant currency fx rates. Current rates assume rate curve as at 10th November 2025. Sensitivity assumes a nine-month impact for both balances and rates scenarios. FY26 Average Balances 11.7 7.7 8.7 10.1 19.5 20.4 21.3 20.5 0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 FY23 FY24 FY25 FY26 $b Continuing Business Average Balances by Rate Sensitivity ($bn) Subject to Interest Rate Exposure Interest Rate Protected For personal use only
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15 › Summary information: This announcement contains summary information about Computershare and its activities current as at the date of this announcement. › This announcement is for information purposes only and is not a prospectus or product disclosure statement, financial product or investment advice or a recommendation to acquire Computershare’s shares or other securities. It has been prepared without taking into account the objectives, financial situation or needs of a particular investor or a potential investor. Before making an investment deci sion, a prospective investor should consider the appropriateness of this information having regard to his or her own objectives, fi nancial situation and needs and seek specialist professional advice. › Financial data: Management results are used, along with other measures, to assess operating business performance. The company believes that exclusion of certain items permits better analysis of the Group’s performance on a comparative basis and provides a better measure of underlying operating performance. › Management adjustments are made on the same basis as in prior years. › The non-IFRS financial information contained within this document has not been reviewed or audited in accordance with Australian Auditing Standards. › All amounts are in United States dollars, unless otherwise stated. › Past performance: Computershare’s past performance, including past share price performance and financial information given in this announcement is given for illustrative purposes only and does not give an indication or guarantee of future performance. › Future performance and forward-looking statements › This announcement may contain forward-looking statements regarding Computershare’s intent, belief or current expectations with respect to Computershare’s business and operations, market conditions, results of operations and financial condition, specific provisions and risk management practices. › When used in this announcement, the words ‘may’, ‘will’, ‘expect’, ‘intend’, ‘plan’, ‘estimate’, ‘anticipate’, ‘believe’, ‘co ntinue’, ‘should’, ‘could’, ‘objectives’, ‘outlook’, ‘guidance’ and similar expressions, are intended to identify forward-looking statements. Indications of, and guidance on, plans, strategies, management objectives, sales, future earnings and financial performance are also forward -looking statements. › Forward-looking statements are provided as a general guide only and should not be relied upon as a guarantee of future performance. They involve known and unknown risks, uncertainties, contingencies, assumptions and other important factors that are outside the control of Computershare. › Actual results, performance or achievements may differ materially from those expressed or implied in such statements and any pro jections and assumptions on which these statements are based. Computershare makes no representation or undertaking that it will update or revise such statements. › Disclaimer: No representation or warranty, expressed or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this announcement. To the maximum extent permitted by law, none of Computershare or its related bodies corporate, or their respect ive directors, employees or agents, nor any other person accepts liability for any loss arising from the use of this announcement or its contents or otherwise arising in connection with it, including, without limitation, any liability from fault or negligence. › Not intended for foreign recipients › No part of this announcement is intended for recipients outside Australia. Accordingly, recipients represent and warrant that they are able to receive this announcement without contravention of any applicable legal or regulatory restrictions in the jurisdiction in which they reside or conduct business. Important noticeFor personal use only