Slides
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11 August 2026 FY26 Full year results Stuart Irving , Chief Executive Officer and President Nick Oldfield , Chief Financial Officer Computershare 40.364 BILSS 64.540 21.327 75.159 21.00 A2082 4101 2.633 35.204 2.633 35.204 24730
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FY26 Results Computershare performing well. Dividend increased significantly 2 Management EPS1 Margin Income (MI) Final Dividend (AUD)2Return on Invested Capital (ROIC) Management EBIT ex. MI Management Revenue $3.2bn Up 3.0% $447.5m Up 8.3% $748.7m Down 1.6% 36.5% Up 70bps 145.2 cps Up 7.3% 65 cps Up 35.4% Notes: All figures in this presentation are presented in USD millions and in constant currency, unless otherwise stated. 1 Relative to initial guidance provided in August 2025 of around 140 cps, upgraded in February 2026 to around 144 cps. FY26 Management EPS is based on closing shares on issue as at 30 June 2025 of 578,387,070. FY25 EPS of 135.2cps is based on the reported weighted average number of shares (WANOS) of 586,791,638. 2 Unfranked; Compared to FY25 final dividend per share of AUD 48 cps. Up 18.2% compared to FY26 interim dividend per share of AUD 55 cps.
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Key messages Strong businesses continue to deliver growth, momentum into FY27 3 Revenue growth across all business lines, Issuer Services +4.4%, Corporate Trust +5.7%, Employee Share Plans +10.2% Increased client balances mitigate 1H rate reductions, Margin Income set to increase in FY27 FY26 EBIT ex. MI up 8.3%, margin expanded to 18.2%, up 70 bps. Selective investments into new products, technologies and AI Balance sheet strengthened - debt leverage reduced to 0.11x, provides optionality for acquisitions and higher dividends. Final dividend stepped up to AUD 65 cps, 58% payout ratio Growth set to continue. Momentum underpins FY27 guidance. Management EPS around 154cps, up 6%
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FY26 Business Unit Performance Revenue growth across all business lines 4 $526.4m Management EBIT 51.0% EBIT Margin $436.5m Management EBIT 33.3% EBIT Margin Issuer Services $1,310.6m Revenue $1,032.0m Revenue Corporate Trust $260.8m Management EBIT 24.3% 46.6% EBIT Margin 530bps $559.7m Revenue 10.2% Employee Share Plans 4.2% 300bps 4.4% 2.8% 150bps 5.7% • Register Maintenance revenues +3% • Corporate Actions revenues +22% - US M&A activity up 50%, HK IPOs doubled, strong retail participation • Entity Solutions (previously Governance Services) growth continues • Margin diluted as newly acquired businesses scale • Well placed to benefit from investments in new technologies and digital capital market changes • Client activity increasing across major product lines – strong growth in structured products • Fee revenue +9%, average client balances up 3.7% to $19.7bn. • $80m Wells Fargo synergies delivered one year early • EBIT ex MI margin climbs to 17.5% • Patient approach to acquisitions - attractive long term growth runway • $289bn AuA +8% v. PCP • New issuance exceeds exercises - clients issued 5% more units, highlighting ongoing trend of increasing equitization of remuneration • Transaction fees +18% driven by growth in book • High quality book – diversified client sectors FY26 Management EBIT and EBIT Margin excludes stranded costs.
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FY27 Outlook Earnings growth set to continue, Management EPS up around 6% 5 Long Term Management EPS Growth FY27 Outlook • Growth anticipated across all business lines • Management EPS expected to be around 154cps, up 6% • Margin Income expected to increase to around $770m off average client balances of $32.8bn • EBIT ex MI up ~3.5%. Full year EBIT ex MI margin of ~19% • Please see page 22 for detailed assumptions, sensitivities and Management EPS bridge to FY27 108.0 118.3 135.3 145.2 154 FY23 FY24 FY25 FY26 FY27E ~ 10.4% CAGR
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Market themes 6 Margin Income is a negotiated outcome with clients, many of whom have sophisticated treasury management capabilities. The speed of payments is not a material driver of MI. Increasing exposure to underlying growth trends (Bond Securitisation, Equity Based Remuneration and New Entity Creation). EBIT ex MI margin target reaffirmed at 20% with scope for further gains. Careful control of BAU operating costs whilst managing increased hardware and US software vendor costs. We continue to prudently invest in AI initiatives across back-office operations, security and fraud detection as well as the front office to expand margins, improve processes and drive new revenues. Retaining process IP and strong AI governance are key goals. Our strategy is to continue to act as the trusted bridge between traditional and digital markets, for issuers and their shareholders, leveraging our technologies, infrastructure and expertise across multiple jurisdictions. Transfer Agency remains an important, regulated role. In tokenized environments, we see opportunities to monetise new revenue pools in the value chain where CPU is currently restricted or not active. Growth Drivers & Operating Leverage Faster Payments AI Digital Markets Strength and momentum in the business lines enables CPU to maintain a disciplined approach to acquisitions. Active pipeline focused on building scale in Corporate Trust and Entity Solutions. Balance sheet strength enables CPU to increase dividends to shareholders. Buybacks remain inefficient for CPU under Australian tax law. Capital Management
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7 Revenue ex MI +4.4%, EBIT ex MI +8.3%, margin expansion continues, up 70bps FY26 Management results summary 1 FY26 reported WANOS is 578,387,070. FY25 reported WANOS is 586,791,638. FY26 Actual (at CC) Total revenue ex Margin Income $2,463.8 $2,359.0 +4.4% $2,510.3 Margin Income $748.7 $761.1 -1.6% $755.6 Total revenue $3,212.5 $3,120.2 +3.0% $3,265.9 Operating costs $1,944.0 $1,876.3 +3.6% $1,981.1 Share of net profit/(loss) of associates and jv -$0.2 -$0.1 -48.1% -$0.2 EBITDA $1,268.7 $1,244.0 +2.0% $1,284.9 Depreciation $68.5 $65.7 +4.3% $69.8 Amortisation $4.0 $4.0 +0.9% $4.4 EBIT $1,196.2 $1,174.3 +1.9% $1,210.7 EBIT margin (%) 37.2% 37.6% -40bps 37.1% EBIT ex Margin Income $447.5 $413.1 +8.3% $455.1 EBIT ex MI margin (%) 18.2% 17.5% +70bps 18.1% Interest expense $81.9 $116.1 -29.4% $82.5 Profit Before Tax $1,114.2 $1,058.2 +5.3% $1,128.2 Income tax expense $273.9 $263.8 +3.8% $277.9 Management NPAT $839.8 $793.8 +5.8% $849.8 Management EPS (cents) - at reported WANOS 145.19 135.28 +7.3% 146.92 Management ETR 24.6% 24.9% -30bps 24.6% FY26 ActualFY25 Actual Variance vs. FY25 Actual 1
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8 FY26 Margin Income Higher client balances (+6%) mitigate impact of lower rates. MI down 1.6% • 63bps decline in weighted average rate • Recapture rate increased to 97% due to bank negotiations • Exposed Margin Income down $3m vs. PCP MI Result FY25 FY26 Avg Client Balances ($bn) MI ($m) Avg Weighted Yield (%) Avg Client Balances ($bn) MI ($m) Avg Weighted Yield (%) Exposed 8.6 331 3.84% 9.9 328 3.32% Hedged 9.9 315 3.18% 9.6 331 3.46% Non-Exposed 11.4 115 1.01% 12.2 90 0.72% Total 29.9 761 2.55% 31.7 749 2.36% Exposed Margin Income Actual Cash Rate by Jurisdiction FY25 FY26 Australia 4.20% 3.84% Canada 3.51% 2.39% UK 4.68% 3.86% US 4.64% 3.87% Other 2.00% 2.00% Weighted average rate 4.06% 3.43% Recapture rate 95% 97% Exposed Average Balances ($bn) 8.6 9.9 Exposed Margin Income ($m) 331 328 29.9 29.9 30.6 31.3 31.7 0.7 0.7 0.4 FY25 Avg Balances Corporate Trust Issuer Services Employee Share Plans FY26 Average Balances at FY25 Rates FY26 Average Balances Bridge ($b) 761 524 524 681 733 749 158 51 16 237 FY25 Group MI Impact of Interest rate movement Impact of Growth in Balances Impact of Balance Mix Impact of Hedge Book Contribution FY26 MI at FY25 Rates FY26 Margin Income Bridge ($m)
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FY26 Average Balances Exposed 23% Hedged 36% Non- Exposed 41% Exposed 31% Hedged 30% Non- Exposed 39% FY27 Average Balances 9 Margin Income, yields and average client cash balances FY27 MI expected to be ~$770m driven by balance growth and hedging benefits FY27 estimated rates assume rate curve as at 10th August 2026. For sensitivity and interest rate assumptions on FY27 guidance, please refer to slide 46. Average balances exclude US MS for 1H24-2H24. * = 1H27 and 2H27 are translated at the FY26 constant currency fx rates. Numbers above are translated at the FY26 constant currency fx rates. FY26 MI at the FY25 constant currency fx rate is $748.7m. FY26 FY27 Avg Client Balances ($bn) MI ($m) Avg Weighted Yield (%) Avg Client Balances ($bn) MI ($m) Avg Weighted Yield (%) Exposed 10.0 335 3.32% 7.6 258 3.41% Hedged 9.6 332 3.46% 11.7 424 3.64% Non-Exposed 12.4 89 0.72% 13.5 88 0.65% Total 32.0 756 2.36% 32.8 770 2.35% FY27 MI sensitivity 2.50% 3.00% 3.50% FY27 estimated rates 4.00% 4.50% 5.00% +2b Balances 740 785 831 836 876 922 968 +1b Balances 716 757 797 802 838 879 920 FY27E Balances 692 728 764 770 800 836 872 -1b Balances 668 699 731 734 762 793 825 -2b Balances 644 671 697 700 724 751 777 7.5 7.8 9.0 8.3 10.4 9.7 7.6 7.6 0 10 20 30 40 1H24 2H24 1H25 2H25 1H26 2H26 1H27* 2H27* $b Continuing Business Average Balances by Rate Sensitivity Subject to Interest Rate Exposure Interest Rate Protected 20.6 20.1 21.2 21.3 20.5 23.4 25.2 25.2
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10 Cost analysis BAU Opex +4.5% vs. PCP . Below the line costs -34% in FY26 1,425.9 1,529.5 29.8 93.7 39.7 0 500 1,000 1,500 2,000 FY25 Operating expense Impact of inflation Cost out benefits Investment FY26 Operating expense USD M BAU cost increase $63.9m +4.5% Operating expenses Below the line cash costs – to be eliminated by FY28 Highlights: • Cost out benefits of $29.8m in FY26, with $22.2m expected in FY27. • $40.2m of stranded costs reallocated to ongoing business lines in FY26 ($18.7m in 1H and $21.5m in 2H). • Below the line costs down 34% vs. PCP, trending to zero by the end of FY27. • FY26 capex spend of $39.2m, FY27 expected to be around $65m – reflects investment in property, AI and technology infrastructure. 60.6 14.1 6.6 - 83.5 81.5 40.7 - 144.1 95.6 47.3 0 20 40 60 80 100 120 140 160 FY25 FY26 FY27 1H28 USD M Acquisition integration costs Major restructuring costs Total 34% FY26 vs. PCP Net cost growth FY25 FY26@CC Change % Comment Personnel 1,221.8 1,267.9 +3.8% Underlying wage inflation 2%. One off step up in on-costs and incentive expenses. Annualization of acquired business personnel. Occupancy 35.5 32.5 -8.4% Lower dilapidations expense Other Direct 141.9 154.3 +8.7% Data subscription cost inflation and consultancy spend to support key projects, including AI and acquisition integrations. Computer/ External Technology 116.8 122.2 +4.6% Data centre and other software vendor related inflation. Investment in new products. Total Opex 1,516.0 1,576.9 +4.0% Disposals 90.1 47.4 -47.4% Sale of UK MS . CCS Germany. Total Opex net disposals 1,425.9 1,529.5 +7.3% Trending to sub 3% in FY27.
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11 Capital light. Cash generative. Increasing dividends Balance sheet strength funds growth, investments and dividends Cash conversion rate stable, impacted by higher prepayments (long term technology contracts). Capex Debt leverage Dividends Step up in both quantum and payout ratio, final dividend per share up 35.4%. Overall FY26 dividend up 29%. Capex lower than PCP. Majority of software development expensed, not capitalised. Materially lower leverage ratio reflects earnings growth and cash generative business lines. Facilitates increases in shareholder returns. FY24 cash flow excludes US Mortgage Services (MS). Numbers are in USD M at Actual fx rates, leverage ratio (times X), conversion ratio (%). Cash flow 461.4 527.6 144.1 0.36 0.42 0.11 0.01 0.11 0.21 0.31 0.41 0.51 0.61 0.71 0.81 0 100 200 300 400 500 600 FY24 FY25 FY26 Net debt Net debt to EBITDA ratio 312.0 333.5 406.3 45% 45% 55% 10% 20% 30% 40% 50% 60% 0 50 100 150 200 250 300 350 400 450 500 FY24 FY25 FY26 Dividends Payout ratio (%) 36.5 46.8 39.2 1.1% 1.5% 1.2% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 0 5 10 15 20 25 30 35 40 45 50 FY24 FY25 FY26 Capex Capex as a % of revenue 718.0 823.7 836.6 60% 66% 65% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 500 550 600 650 700 750 800 850 FY24 FY25 FY26 Operating cash flow Operating cash to EBITDA conversion ratio
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120 0 20 40 60 80 100 120 140 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 FY26 38.3% 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 FY26 37.1% 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 FY26 3,266 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 FY26 Computershare investment case High quality, capital light business with long term growth track record 12 Track record – long term earnings growth, margins and dividends 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. Well placed to benefit from evolving digital market structures Strong balance sheet and cash flow - funds growth investments and dividends Group Revenue (USD M) Average historical margin ~23% EBIT Margin (%) Average historical ROE ~28% Return on Equity (%) Dividends (AUD cps) US Mortgage Services (US MS), disposed on 1st May 2024
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Appendix 1 3
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14 Appendices Constant Currency Analysis FY26 results Revenue, Margin Income, EBITDA and EBIT by Business Segment 2H26 Management EPS bridge Computershare’s integrated business model Results highlights: Issuer Services, Corporate Trust and Employee Share Plans FY27 Outlook Analysis at actual fx rates Key Financial Indicators Computershare Profit and Loss Statutory results and management adjustments Business Segment Profit and Loss (incl. explanation for new divisional reporting) Revenue definitions Revenue by Country (USD and Local Currency) and Revenue, EBITDA and EBIT by Region Revenue excluding acquisitions and disposals Analysis at actual fx rates (continued) Cost out programs Other expenditure Margin Income and Client balances Hedged Margin Income FY26 MI and Balance outlook, including key sensitivities Debt Facilities Maturity Profile Computershare’s natural hedge Balance Sheet Cash Flow Exchange Rates
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15 FY26 Management results – constant currency and actual rates FY26 reported WANOS is 578,387,070. USD M At CC At Actual fx Total Revenue ex MI 2,463.8 2,510.3 Margin Income 748.7 755.6 Total Management Revenue 3,212.5 3,265.9 Operating expenditure 1,944.0 1,981.1 Share of net profit/(loss) of associates and jv (0.2) (0.2) Management EBITDA 1,268.7 1,284.9 Depreciation 68.5 69.8 Amortisation 4.0 4.4 Depreciation & Amortisation 72.5 74.2 Management EBIT 1,196.2 1,210.7 Management EBIT Margin 37.2% 37.1% Management EBIT ex MI 447.5 455.1 Management EBIT ex MI Margin 18.2% 18.1% Interest Expense 81.9 82.5 Management PBT 1,114.2 1,128.2 Management ITE 273.9 277.9 OEI 0.5 0.5 Management NPAT 839.8 849.8 Management EPS (cps) - at reported WANOS 145.19 146.92 Revenue Margin Income At CC At Actual fx At CC At Actual fx Issuer Services 1,310.6 1,327.4 227.3 230.0 Corporate Trust 1,032.0 1,033.0 418.8 419.2 Employee Share Plans 559.7 585.5 44.0 45.7 Corporate & Other 310.2 319.9 58.6 60.7 Mortgage Services & Property Rental Services 122.9 128.0 58.5 60.6 Communication Services & Utilities 166.6 170.6 0.0 0.0 Voucher Services 1.5 1.5 0.1 0.1 Technology Services & Operations 19.2 19.7 0.0 0.0 Total 3,212.5 3,265.9 748.7 755.6 EBITDA EBIT At CC At Actual fx At CC At Actual fx Issuer Services 427.9 431.5 423.2 426.6 Corporate Trust 517.7 519.2 514.1 515.6 Employee Share Plans 258.9 271.0 253.0 264.6 Corporate & Other 64.2 63.3 5.9 3.9 Mortgage Services & Property Rental Services 33.3 34.8 33.2 34.7 Communication Services & Utilities 26.1 26.3 23.1 23.2 Voucher Services 3.6 3.7 3.6 3.7 Technology Services & Operations 1.3 -1.4 -53.9 -57.7 Total 1,268.7 1,284.9 1,196.2 1,210.7
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16 Revenue, Margin Income, EBITDA and EBIT – constant currency ANZ 7% Asia 5% UCIA 23% CEU 2% USA 56% Canada 7% Revenue $3,212.5m ANZ 3% Asia 6% UCIA 24% CEU 1% USA 56% Canada 10% EBIT $1,196.2m Revenue FY25 FY26 FY26 vs 25 EBITDA FY25 FY26 FY26 vs 25 Issuer Services 1,255.1 1,310.6 4.4% Issuer Services 459.4 427.9 -6.9% Corporate Trust 975.9 1,032.0 5.7% Corporate Trust 516.2 517.7 0.3% Employee Share Plans 507.8 559.7 10.2% Employee Share Plans 215.3 258.9 20.2% Corporate & Other 381.4 310.2 -18.7% Corporate & Other 53.0 64.2 21.0% Mortgage Services & Property Rental Services 160.2 122.9 -23.3% Mortgage Services & Property Rental Services 36.4 33.3 -8.7% Communication Services & Utilities 192.5 166.6 -13.4% Communication Services & Utilities 27.5 26.1 -5.1% Voucher Services 4.8 1.5 -69.3% Voucher Services 8.0 3.6 -55.3% Technology Services & Operations 23.8 19.2 -19.6% Technology Services & Operations -18.9 1.3 106.7% Total Revenue 3,120.2 3,212.5 3.0% Total EBITDA 1,244.0 1,268.7 2.0% Margin Income FY25 FY26 FY26 vs 25 EBIT FY25 FY26 FY26 vs 25 Issuer Services 236.4 227.3 -3.9% Issuer Services 455.7 423.2 -7.1% Corporate Trust 415.7 418.8 0.7% Corporate Trust 512.0 514.1 0.4% Employee Share Plans 50.2 44.0 -12.3% Employee Share Plans 209.8 253.0 20.6% Corporate & Other 58.8 58.6 -0.4% Corporate & Other -3.2 5.9 285.2% Mortgage Services & Property Rental Services 58.7 58.5 -0.3% Mortgage Services & Property Rental Services 36.2 33.2 -8.3% Communication Services & Utilities 0.0 0.0 0.0% Communication Services & Utilities 22.5 23.1 2.8% Voucher Services 0.1 0.1 -39.3% Voucher Services 8.0 3.6 -55.3% Technology Services & Operations 0.0 0.0 0.0% Technology Services & Operations -69.8 -53.9 22.8% Total Margin Income 761.1 748.7 -1.6% Total EBIT 1,174.3 1,196.2 1.9%
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17 2H26 Management EPS bridge Management EPS up 10.5% vs. PCP FY25 EPS is 135.28cps based on a WANOS of 586,791,638. 1H25 EPS was 65.34cps at a WANOS of 587,867,266, implying a 2H25 EPS of 69.94cps. 2H26 Management EPS is based on closing shares on issue as at 30 June 2025 of 578,387,070. Management EPS growth +10.5% 69.9 77.30.9 2.4 1.5 3.5 1.0 64 66 68 70 72 74 76 78 80 2H25 EPS Buyback accretion Organic business growth and cost out Margin Income Interest Expense Tax 2H26 EPS US cps
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18 Computershare’s integrated business model Improving mix of revenues to higher quality recurring client fees Refer to slide 35 for revenue definitions. Revenue Profile: Comparison against proforma results for FY22 – FY26 which exclude the disposal of KCC (1st May 2023), US MS (1st May 2024), CCS Germany (29th August 2025) and UK MS (1st February 2026). Numbers translated at actual fx rates with the exception of FY26 which is translated at the CC rate (ie FY25 average fx rate). Revenue Profile 5.2% 15.4% 1.6% 3.8% 13.0% 11.4% 6.6% FY22-26 CAGR FY26 vs. PCP 43.7% 175 698 781 761 749536 497 626 716 826 1,218 1,395 1,434 1,517 1,574 1,930 2,590 2,841 2,994 3,149 0 500 1,000 1,500 2,000 2,500 3,000 3,500 FY22 FY23 FY24 FY25 FY26 @CC USD M Margin Income Event and Transactional fee revenue Client fee revenue
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999.3 979.5 1,090.4 1,211.3 1,255.1 1,310.6 FY21 FY22 FY23 FY24 FY25 FY26@ CC 284.3 266.1 382.7 447.2 455.7 436.5 FY21 FY22 FY23 FY24 FY25 FY26@ CC 19 Issuer Services Solid revenue growth across all business lines, Corporate Actions a highlight Revenue ($m) * FY26 CC EBIT excludes stranded costs. Corporate Actions fee revenue ($m) 81.2 97.1 76.3 95.5 94.1 101.3 54.4 14.0 10.0 10.4 16.3 33.5 0.0 20.0 40.0 60.0 80.0 100.0 120.0 FY21 FY22 FY23 FY24 FY25 FY26 @ CC Corp. Actions Rev ex HK (US $M) Corp. Actions Rev HK (US$ M) CAGR 5.6% EBIT ($m) CAGR 9.0% $436.5m Management EBIT 4.2% 33.3% Margin 300bps Revenue breakdown FY26 CC* FY25 Actual CC Variance Register Maintenance $717.4 $697.5 +2.9% Corporate Actions $134.8 $110.3 +22.2% Stakeholder Relationship Management $102.9 $91.8 +12.1% Entity Solutions $128.2 $119.0 +7.7% Margin Income $227.3 $236.4 -3.9% Total revenue $1,310.6 $1,255.1 +4.4% Mgmt EBIT ex MI $209.2 $219.3 -4.6% Mgmt EBIT ex MI margin 19.3% 21.5% down 220 bps
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43.4 133.8 521.8 479.4 512.0 526.4 FY21 FY22 FY23 FY24 FY25 FY26@ CC 75.2 411.5 957.9 936.3 975.9 1,032.0 FY21 FY22 FY23 FY24 FY25 FY26@ CC 20 Corporate Trust Increased issuance across all product lines drives higher Mandates under Management and fee revenues * FY26 CC EBIT excludes stranded costs. 9,444 13,030 1,075 1,475 10,400 13,985 1,138 1,798 MUM - Conv. Debt & Agency MUM - Structured Products Mandates Won - Conv. Debt & Agency Mandates Won - Structured Products FY25 FY26 Mandates under Management (MUM) vs. Mandates won 15.1% improvement in mandates won FY26 vs. FY25; 21.9% increase in Structured Products mandates won Revenue breakdown FY26 CC* FY25 Actual CC Variance Trust Fee and Other Revenue $551.2 $505.5 +9.1% MMF Fee Revenue $61.9 $54.7 +13.2% Margin Income $418.8 $415.7 +0.7% Total revenue $1,032.0 $975.9 +5.7% Mgmt EBIT ex MI $107.6 $96.3 +11.8% Mgmt EBIT ex MI margin 17.5% 17.2% up 30 bps CAGR 68.8% Revenue ($m) EBIT ($m) CAGR 64.7% $526.4m Management EBIT 2.8% 51.0% Margin 150bps
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73.4 75.7 97.2 180.1 209.8 260.8 FY21 FY22 FY23 FY24 FY25 FY26@ CC 321.0 328.0 346.7 457.9 507.8 559.7 FY21 FY22 FY23 FY24 FY25 FY26@ CC 21 Employee Share Plans * FY26 CC EBIT excludes stranded costs. Ongoing growth in AuA, underpinned by increased use of equity in remuneration, drives strong transactional revenues Revenue breakdown FY26 CC* FY25 Actual CC Variance Fee Revenue $183.7 $175.6 +4.6% Transactional $316.9 $267.3 +18.6% Other $15.0 $14.7 +2.0% Margin Income $44.0 $50.2 -12.4% Total revenue $559.7 $507.8 +10.2% Mgmt EBIT ex MI $216.7 $159.6 +35.8% Mgmt EBIT ex MI margin 42.0% 34.9% up 710 bps 159.5 155.5 220.0 267.3 316.9200.0 218.0 246.2 267.0 288.6 FY22 FY23 FY24 FY25 FY26 Transactional fee revenue ($m) AuA (Value $bn) AuA ($bn) vs. Transactional revenue ($m) +18.7% CAGR +9.6% CAGR Revenue ($m) CAGR 11.8% EBIT ($m) CAGR 28.9% $260.8m Management EBIT 24.3% 46.6% Margin 530bps
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22 FY27 Outlook Management EPS up around 6% Guidance Guidance compared to FY26 Group results ~ 154cps, up ~ 6% vs pcp Key assumptions EBIT ex MI Up ~ 3.5%, full year EBIT ex MI Margin ~19.0% MI Around $770m with average client balances of $32.8bn. Interest expense Down ~ 15% reflecting lower debt levels. Interest rates expected to be consistent with FY26. Group tax rate Around 24% Management EPS calculation - FY27 number of shares on issue 578,387,070 which is the closing share balance at 30 June 2026. Sensitivities MI MI sensitivity driven by quantum and mix of balances and changes in cash rates, guidance based on curves at 10th August 2026. Refer to slide 46 for rate scenario analysis. Capital markets Debt and equity markets broadly in line with FY26 market conditions. For constant currency comparisons, FY26 average exchange rates are used to translate the FY27 earnings to USD. Refer to slide 51 for constant currency conversion rates. FY27 guidance comparisons are against FY26 Group results. 1 FY26 EPS of 145.2cps is translated at the FY25 constant currency, the equivalent is 146.9cps at FY26 constant currency. 145.2 154.2 1.7 3 2 2 140 142 144 146 148 150 152 154 156 FY26 EPS FX Organic business improvement Margin Income Interest Expense FY27E EPS US cps 1 ~ ~ ~ ~
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Actual FX rate analysis 2 3
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24 Key Financial Indicators 1 Weighted average number of ordinary shares used as a denominator in calculating basic earnings per share as at December (1H) or June (FY). The 2H EPS is the difference between FY and 1H EPS. 2 As at Dec (1H) and June (2H). 3 Ratio excluding non-recourse SLS advance debt and lease liabilities. Notable acquisitions: Solium Capital UK (1st Dec 23), Ingage IR Limited (31st Dec 24), CMi2i Limited (31st Dec 24), BNY Trust Company of Canada (4th Mar 25). Notable divestments: US Mortgage Services business (1st May 24), CCS Germany (29th Aug 25), UK Mortgage Services business (1st Feb 26). 1H24 2H24 1H25 2H25 1H26 2H26 FY24 FY25 FY26 Total Management Revenue 1,611.7 1,697.8 1,507.6 1,612.6 1,583.5 1,682.3 3,309.5 3,120.2 3,265.9 Operating expenditure 990.1 1,032.6 908.9 967.5 978.7 1,002.4 2,022.7 1,876.3 1,981.1 Management EBITDA 621.7 665.6 598.8 645.1 604.9 680.0 1,287.3 1,244.0 1,284.9 Management EBIT 546.0 602.7 564.6 609.7 568.8 642.0 1,148.8 1,174.3 1,210.7 Management EBIT ex Margin Income 115.2 196.9 170.4 242.7 193.3 261.8 312.1 413.1 455.1 EBIT Margin % 33.9% 35.5% 37.5% 37.8% 35.9% 38.2% 34.7% 37.6% 37.1% EBIT ex MI Margin % 9.8% 15.2% 15.3% 19.5% 16.0% 20.1% 12.6% 17.5% 18.1% Management Profit Before Tax 460.7 525.1 505.4 552.8 522.9 605.3 985.8 1,058.2 1,128.2 Management NPAT 331.1 377.2 384.1 409.7 396.0 453.8 708.4 793.8 849.8 Management EPS (US cps) 54.97 63.36 65.34 69.94 68.47 78.45 118.33 135.28 146.92 Management EPS (AU cps) 83.70 96.62 98.86 110.03 104.49 111.89 180.31 208.89 216.38 Statutory NPAT 105.2 247.41 287.77 319.23 280.4 338.3 352.6 607.0 618.7 Statutory EPS (US cps) 17.47 41.43 48.95 54.50 48.48 58.49 58.90 103.45 106.97 Revenue split - Recurring 85% 86% 84% 84% 82% 83% 86% 84% 83% Revenue split - Non Recurring 15% 14% 16% 16% 18% 17% 14% 16% 17% Weighted average number of shares1 602,390,548 598,649,609 587,867,266 586,791,638 578,387,070 578,387,070 598,649,609 586,791,638 578,387,070 Net operating cash flows excluding SLS advances 369.9 361.2 354.2 469.4 336.9 499.7 731.1 823.7 836.6 Operating cash to EBITDA conversion ratio 0.6 0.5 0.6 0.7 0.6 0.7 0.6 0.7 0.7 Days Sales Outstanding 45 45 45 38 39 40 45 38 40 Dividend (AU cents) 40 42 45 48 55 65 82 93 120 Franking (%) 20% 0% 0% 0% 30% 0% 0% 0% 0% Dividend payout ratio 48% 43% 46% 44% 53% 58% 45% 45% 55% ROE2 34.1% 34.7% 37.8% 38.7% 38.7% 38.3% 34.7% 38.7% 38.3% ROIC2 25.3% 30.2% 31.9% 35.8% 36.1% 36.5% 30.2% 35.8% 36.5% Net debt to EBITDA 3 0.85 0.36 0.39 0.42 0.30 0.11 0.36 0.42 0.11
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25 Computershare Profit & Loss 1 Refer to slide 27 for detail on management adjustments. USD M (at actual rates) 1H24 2H24 1H25 2H25 1H26 2H26 FY24 FY25 FY26 Total Revenue ex MI 1,180.9 1,292.0 1,113.3 1,245.7 1,208.1 1,302.2 2,472.9 2,359.0 2,510.3 Margin Income 430.8 405.8 394.2 366.9 375.5 380.2 836.6 761.1 755.6 Total Management Revenue 1,611.7 1,697.8 1,507.6 1,612.6 1,583.5 1,682.3 3,309.5 3,120.2 3,265.9 Operating expenditure 990.1 1,032.6 908.9 967.5 978.7 1,002.4 2,022.7 1,876.3 1,981.1 Share of net profit/(loss) of associates and jv -0.1 -0.4 -0.1 0.0 -0.1 -0.1 -0.4 -0.1 -0.2 Management EBITDA 621.7 665.6 598.8 645.1 604.9 680.0 1,287.3 1,244.0 1,284.9 Depreciation 32.9 32.8 32.2 33.5 34.0 35.9 65.7 65.7 69.8 Amortisation 42.8 30.0 1.9 2.0 2.2 2.2 72.8 4.0 4.4 Depreciation & Amortisation 75.7 62.9 34.2 35.5 36.2 38.1 138.5 69.7 74.2 Management EBIT 546.0 602.7 564.6 609.7 568.8 642.0 1,148.8 1,174.3 1,210.7 Management EBIT Margin 33.9% 35.5% 37.5% 37.8% 35.9% 38.2% 34.7% 37.6% 37.1% Management EBIT ex MI 115.2 196.9 170.4 242.7 193.3 261.8 312.1 413.1 455.1 Management EBIT ex MI Margin 9.8% 15.2% 15.3% 19.5% 16.0% 20.1% 12.6% 17.5% 18.1% Interest Expense 85.4 77.6 59.2 56.8 45.8 36.7 163.0 116.1 82.5 Management PBT 460.7 525.1 505.4 552.8 522.9 605.3 985.8 1,058.2 1,128.2 Management ITE 129.4 147.7 121.0 142.8 126.8 151.2 277.1 263.8 277.9 OEI 0.2 0.1 0.3 0.3 0.1 0.4 0.3 0.6 0.5 Management NPAT 331.1 377.2 384.1 409.7 396.0 453.8 708.4 793.8 849.8 Management Adjustments (after tax) 1 Amortisation -34.5 -36.0 -36.0 -34.7 -39.5 -36.8 -70.5 -70.6 -76.3 Acquisitions and Disposals -60.2 -178.3 -17.7 -17.9 -41.1 -43.8 -238.5 -35.5 -84.9 Other -131.2 84.4 -42.7 -38.0 -35.0 -34.9 -46.8 -80.7 -69.9 Total Management Adjustments -225.9 -129.8 -96.3 -90.5 -115.6 -115.5 -355.7 -186.8 -231.1 Statutory NPAT 105.2 247.4 287.8 319.2 280.4 338.3 352.6 607.0 618.7 Management EPS (cps) 54.97 63.36 65.34 69.94 68.47 78.45 118.33 135.28 146.92 Statutory EPS (cps) 17.47 41.43 48.95 54.50 48.48 58.49 58.90 103.45 106.97 Mgt ETR 28.1% 28.1% 23.9% 25.8% 24.2% 25.0% 28.1% 24.9% 24.6% Stat ETR 37.8% 24.2% 23.4% 23.4% 25.9% 27.9% 28.9% 23.4% 27.0%
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26 Statutory results 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. These items are typically non-recurring costs associated with significant restructuring programs and integration of acquisitions and profits and losses arising from the sale of businesses and investments. Management adjustments are made on the same basis as in prior years. Non-cash management adjustments include significant amortisation of identified intangible assets from businesses acquired in recent years, which will recur in subsequent years, asset disposals and other one-off charges. Cash adjustments are predominantly expenditure on acquisition- related and other restructures and will cease once the relevant acquisition integrations and restructures are complete. A description of the current financial year’s management adjustments is included on the next slide. The non-IFRS financial information contained within this document has not been reviewed or audited in accordance with Australian Auditing Standards. 1 EPS in FY25 is at 586,791,638 reported WANOS and FY26 EPS is at 578,387,070 reported WANOS. Statutory results FY25 FY26 FY26 v 25 Total revenue 3,114.6 3,257.5 4.6% Other income 13.9 10.9 -21.6% Total Revenue 3,128.5 3,268.4 4.5% Total Expenses 2,335.3 2,420.0 -3.6% Statutory Net Profit (post NCI) 607.0 618.7 1.9% Earnings per share (post NCI)1 103.45 106.97 3.4% Reconciliation of Statutory NPAT to Management Results FY26 Net profit after tax per statutory results 618.7 Management Adjustments (after tax) Amortisation 76.3 Acquisitions and Disposals 84.9 Other 69.9 Total Management Adjustments 231.1 Net profit after tax per management results 849.8 Management Earnings per share (cps) 146.92
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27 Management adjustment items USD M (at actual rates) 1H24 FY24 1H25 FY25 1H26 FY26 Management adjustments items (net of tax) Amortisation 34.5 70.5 36.0 70.6 39.5 76.3 Amortisation of acquisition related intangible assets 34.5 70.5 36.0 70.6 39.5 76.3 Acquisitions and Disposals 60.2 238.5 17.7 35.5 41.1 84.9 Acquisition and disposal related expenses 3.6 3.4 Disposal related expenses - KCC Business 2.9 Disposal related expenses - UK Mortgage Services 34.2 32.0 Loss on sale of US Mortgage Services 129.4 -1.3 -9.2 Loss on sale of CCS Germany 0.9 0.9 Loss on sale of UK Mortgage Services 46.3 Acquisition related integration expenses 53.7 85.2 18.9 44.7 6.0 10.8 Contingent consideration re-measurement 20.5 -5.1 Other 131.2 46.8 42.7 80.7 35.0 69.9 Major restructuring programmes 14.7 47.1 27.9 60.7 26.7 61.6 Marked to market adjustments - derivatives 0.1 -0.3 -0.9 0.1 -1.0 -0.3 US Mortgage Services impairment 116.4 UK Mortgage Services impairment 5.0 Margin income hedge modification 15.7 19.9 4.3 8.6 Total Management Adjustments 225.9 355.7 96.3 186.8 115.6 231.1
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127.0 147.8 170.5 190.6 208.0 239.5 20.3 19.6 17.8 Jun-21 Jun-22 Jun-23 Jun-24 Jun-25 Jun-26 UUM Partnerships UUM Direct 210.9 227.6 257.3 28 Issuer Services profit and loss Issuer Services comprise register maintenance, corporate actions, stakeholder relationship and entity Solutions (previously Governance services). Note - UCIA includes United Kingdom, Channel Islands, Ireland and South Africa. Global managed shareholder accounts (m) 1 FY26 results excluding stranded costs. USD M (at actual rates) 1H24 2H24 1H25 2H25 1H26 2H26 FY24 FY25 FY26 FY26 1 Register Maintenance 308.2 365.4 324.1 373.5 340.3 388.4 673.6 697.5 728.6 728.6 Corporate Actions 52.6 53.3 59.5 50.8 67.1 68.8 105.9 110.3 135.9 135.9 Stakeholder Relationship Management 28.9 43.1 37.6 54.2 51.3 52.7 72.0 91.8 103.9 103.9 Entity Solutions 51.1 58.3 53.1 65.8 60.5 68.4 109.5 119.0 128.9 128.9 Total Revenue ex MI 440.9 520.0 474.3 544.3 519.2 578.2 960.9 1,018.6 1,097.4 1,097.4 Margin Income 134.3 116.1 117.7 118.8 109.8 120.2 250.4 236.4 230.0 230.0 Total Management Revenue 575.2 636.1 592.0 663.1 629.0 698.4 1,211.3 1,255.1 1,327.4 1,327.4 Stranded costs 6.2 7.1 13.3 Operating expenditure 366.2 395.3 374.5 421.3 424.9 471.1 761.4 795.8 896.0 882.7 Share of net profit/(loss) of associates and jv 0.0 0.4 0.0 0.1 -0.1 0.1 0.4 0.1 0.0 0.0 Management EBITDA 209.0 241.2 217.5 241.9 204.2 227.3 450.2 459.4 431.5 444.8 Depreciation 1.4 1.6 2.0 1.7 2.4 2.4 2.9 3.7 4.8 4.8 Amortisation 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 Management EBIT 207.6 239.7 215.5 240.2 201.7 224.9 447.2 455.7 426.6 439.9 EBIT Margin 36.1% 37.7% 36.4% 36.2% 32.1% 32.2% 36.9% 36.3% 32.1% 33.1% Management EBIT ex MI 73.3 123.6 97.9 121.4 91.9 104.7 196.9 219.3 196.5 209.9 EBIT ex MI Margin 16.6% 23.8% 20.6% 22.3% 17.7% 18.1% 20.5% 21.5% 17.9% 19.1% Register Maintenance revenue breakdown Issuer paid 201.6 244.4 202.4 249.4 205.4 250.6 446.0 451.9 456.1 456.1 Holder/Broker paid 106.6 121.0 121.6 124.1 134.8 137.7 227.6 245.7 272.6 272.6 Register Maintenance MI 67.8 70.9 70.0 71.5 65.3 64.7 138.6 141.5 130.0 130.0 Total Register Maintenance 376.0 436.2 394.0 445.0 405.5 453.1 812.2 839.0 858.6 858.6 FY26 Revenue by Region USD M (at actual rates) ANZ Asia UCIA CEU USA Canada Total Register Maintenance 95.7 52.9 126.8 65.5 455.6 62.1 858.6 Corporate Actions 21.8 35.3 30.3 0.0 115.8 32.8 236.0 SRM 1.8 3.2 16.6 8.2 74.1 0.0 103.9 Entity Solutions 1.0 2.7 13.2 3.5 107.4 1.1 128.9 Issuer Services 120.2 94.0 187.0 77.2 752.9 96.0 1,327.4 PCP 113.5 72.9 179.2 72.8 718.2 98.5 1,255.1 38.1 38.4 37.5 36.7 35.1 33.9 FY21 FY22 FY23 FY24 FY25 FY26 Registered Agents Units Administered (‘000)
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29 Corporate Trust comprises trust and agency services connected with the administration of debt and related securities and corporate financing arrangements in the US and Canada. Structured Products – Offers trustee and agency services supporting securitizations and lending arrangements for investment banks, hedge funds and asset managers, private equity firms and government agencies which are collateralized by a variety of assets, including residential and commercial mortgages, leveraged loans, auto and other consumer receivables. Conventional Debt and Agency - Offers trustee and agency services on bond and debt programs created by public and private corporations and government entities. In addition, offers services in connection with various corporate escrow arrangements as well as services supporting the insurance trust market. 1 FY26 results excluding stranded costs. Corporate Trust profit and loss CCT USA Other USD M (at actual rates) 1H24 2H24 1H25 2H25 1H26 2H26FY23 FY24 FY25 FY26 FY26 1 FY26 FY25 FY26 FY25 Total Revenue ex MI 252.1 264.3 269.0 291.1 302.0 311.9 516.4 560.2 613.8 613.8 548.9 502.0 64.9 58.2 Margin Income 205.0 215.0 220.2 195.5 211.9 207.4 419.9 415.7 419.2 419.2 369.7 369.7 49.5 46.0 Total Management Revenue 457.1 479.2 489.3 486.6 513.8 519.2 936.3 975.9 1,033.0 1,033.0 918.6 871.7 114.4 104.2 Stranded costs 5.7 6.6 12.3 11.5 0.0 0.8 0.0 Operating expenditure 214.2 227.6 227.6 232.1 249.2 264.6 441.8 459.7 513.9 501.6 480.4 433.9 33.5 25.8 Management EBITDA 242.9 251.7 261.7 254.5 264.6 254.6 494.5 516.2 519.2 531.5 438.2 437.8 81.0 78.4 Depreciation & Amortisation 6.9 8.2 2.2 2.1 1.9 1.7 15.1 4.2 3.6 3.6 3.6 4.2 0.0 0.0 Management EBIT 235.9 243.5 259.5 252.4 262.7 252.9 479.4 512.0 515.6 527.9 434.6 433.6 80.9 78.4 EBIT Margin 51.6% 50.8% 53.0% 51.9% 51.1% 48.7% 51.2% 52.5% 49.9% 51.1% 47.3% 49.7% 70.8% 75.2% Management EBIT ex MI 31.0 28.6 39.3 57.0 50.8 45.5 59.5 96.3 96.4 108.7 65.0 63.9 31.4 32.4 EBIT ex MI Margin 12.3% 10.8% 14.6% 19.6% 16.8% 14.6% 11.5% 17.2% 15.7% 17.7% 11.8% 12.7% 48.4% 55.6% Revenue breakdown Structured Products 338.7 362.9 382.4 380.9 395.3 403.0 701.6 763.3 798.3 798.3 750.9 710.2 47.4 53.1 Conventional Debt and Agency 118.4 116.3 106.9 105.7 118.5 116.2 234.7 212.5 234.7 234.7 167.7 171.7 67.0 40.8 Total Management Revenue 457.1 479.2 489.3 486.6 513.8 519.2 936.3 975.9 1,033.0 1,033.0 918.6 881.9 114.4 94.0 10 17 30 53 83 116 7 16 29 52 72 80 8 Mths FY22 FY23 FY24 FY25 FY26 FY27 Actual - cost Actual - revenue Planned - Synergy CCT Synergy Plan – Cumulative Benefits ($m) Periodic benefits of $30.3m achieved in FY26: $10.8m cost saves and $19.5m revenue synergies. $83.4m of cumulative benefits at 30 Jun 2026. FY26 Revenue by Region USA Canada Total Corporate Trust 925.5 107.6 1,033.0 PCP 881.9 94.0 975.9
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30 Employee Share Plans profit and loss Employee Share Plans comprise the provision of administration and related services for employee share and option plans. 1 FY26 results excluding stranded costs. USD M (at actual rates) 1H24 2H24 1H25 2H25 1H26 2H26FY23 FY24 FY25 FY26 FY26 1 Fee revenue 79.0 87.4 88.0 87.6 94.8 97.1 166.5 175.6 191.8 191.8 Transactional revenue 84.3 135.8 113.6 153.7 128.7 203.6 220.0 267.3 332.3 332.3 Other revenue 7.9 10.1 7.1 7.6 9.3 6.4 18.0 14.7 15.7 15.7 Margin Income 27.6 25.8 26.8 23.5 23.6 22.1 53.4 50.2 45.7 45.7 Total Management Revenue 198.8 259.1 235.5 272.3 256.3 329.2 457.9 507.8 585.5 585.5 Stranded costs 3.5 4.2 7.7 Operating expenditure 128.0 144.4 136.4 156.1 155.3 159.3 272.3 292.5 314.5 306.8 Management EBITDA 70.8 114.7 99.1 116.2 101.0 170.0 185.5 215.3 271.0 278.7 Depreciation 0.6 1.0 0.8 0.8 0.9 1.2 1.7 1.6 2.1 2.1 Amortisation 1.9 1.9 1.9 2.0 2.1 2.1 3.8 3.9 4.3 4.3 Management EBIT 68.3 111.8 96.4 113.5 98.0 166.7 180.1 209.8 264.6 272.4 EBIT Margin 34.3% 43.2% 40.9% 41.7% 38.2% 50.6% 39.3% 41.3% 45.2% 46.5% Management EBIT ex MI 40.7 86.0 69.6 90.0 74.4 144.6 126.7 159.6 219.0 226.7 EBIT ex MI Margin 23.8% 36.9% 33.3% 36.2% 32.0% 47.1% 31.3% 34.9% 40.6% 42.0% FY26 Revenue by Region USD M (at actual rates) ANZ Asia UCIA CEU USA Canada Total Employee Share Plans 24.2 56.7 424.6 0.0 57.6 22.3 585.5 PCP 18.4 53.2 356.5 0.4 59.2 20.3 507.8 Assets Under Administration Units (bn) 27.4 29.0 28.0 27.0 22.1 23.3 FY21 FY22 FY23 FY24 FY25 FY26
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Corporate & Other profit and loss – new divisional reporting explained New changes; Voucher Services separated from Employee Share Plans, Voucher Services, Mortgage Services & Property Rental Services, Communications Services & Utilities and Technology Services & Operations all consolidated into Corporate & Other. No reduction in overall disclosure 31 With effect from FY27, disclosure will follow this new style. For FY26, reporting will be provided in both formats. FY26 FY25 FY26 FY25 FY26 FY25 Previous Divisional Reporting Issuer Services 1,327.4 1,255.1 230.0 236.4 426.6 455.7 Corporate Trust 1,033.0 975.9 419.2 415.7 515.6 512.0 Employee Share Plans & Voucher Services 587.0 512.6 45.7 50.4 268.3 217.8 Mortgage Services & Property Rental Services 128.0 160.2 60.6 58.7 34.7 36.2 Communication Services & Utilities 170.6 192.5 0.0 0.0 23.2 22.5 Technology Services & Operations 19.7 23.8 0.0 0.0 -57.7 -69.8 Total 3,265.9 3,120.2 755.6 761.1 1,210.7 1,174.3 New Divisional Reporting Issuer Services 1,327.4 1,255.1 230.0 236.4 426.6 455.7 Corporate Trust 1,033.0 975.9 419.2 415.7 515.6 512.0 Employee Share Plans 585.5 507.8 45.7 50.2 264.6 209.8 Corporate & Other 319.9 381.4 60.7 58.8 3.9 -3.2 Mortgage Services & Property Rental Services 128.0 160.2 60.6 58.7 34.7 36.2 Communication Services & Utilities 170.6 192.5 0.0 0.0 23.2 22.5 Voucher Services 1.5 4.8 0.1 0.1 3.7 8.0 Technology Services & Operations 19.7 23.8 0.0 0.0 -57.7 -69.8 Total 3,265.9 3,120.2 755.6 761.1 1,210.7 1,174.3 Revenue Margin Income EBIT
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32 Mortgage Services & Property Rental Services profit and loss Mortgage Services & Property Rental Services comprise mortgage servicing and related activities, together with tenancy deposit protection services in the UK. US MS business was disposed in May 2024 and the UK MS business was disposed in February 2026. UK Property Rental Services business results are consolidated into Corporate & Other as part of the new divisional reporting. 1 FY26 results excluding stranded costs. Note: This slide will not be provided after FY26. FY26 Revenue by Region USD M (at actual rates) ANZ Asia UCIA CEU USA Canada Total UK Mortgage Services & Property Rental Services 0.0 0.0 128.0 0.0 0.0 0.0 128.0 PCP 0.0 0.0 160.2 0.0 0.0 0.0 160.2 UK Mortgage Services USD M (at actual rates) 1H24 2H24 1H25 2H25 1H26 2H26FY23 FY24 FY25 FY26 FY26 1 Total Management Revenue 52.6 57.6 51.7 49.1 56.1 10.5 110.2 100.9 66.6 66.6 Stranded costs 1.0 1.1 2.0 Operating expenditure 49.9 51.2 48.8 43.8 46.7 5.9 101.0 92.7 52.6 50.5 Management EBITDA 2.8 6.4 2.9 5.3 9.4 4.6 9.2 8.2 14.0 16.1 Depreciation 0.0 0.0 0.1 0.2 0.1 0.0 0.0 0.3 0.1 0.1 Amortisation 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Management EBIT 2.8 6.4 2.8 5.1 9.4 4.6 9.2 8.0 13.9 16.0 EBIT Margin 5.3% 11.1% 5.5% 10.5% 16.7% 43.7% 8.3% 7.9% 20.9% 24.0% USD M (at actual rates) 1H24 2H24 1H25 2H25 1H26 2H26FY23 FY24 FY25 FY26 FY26 1 Total Revenue ex MI 219.6 167.3 51.9 49.7 56.5 10.8 386.9 101.6 67.4 67.4 Margin Income 63.9 48.9 29.5 29.2 30.2 30.4 112.8 58.7 60.6 60.6 Total Management Revenue 283.5 216.2 81.4 78.8 86.7 41.3 499.7 160.2 128.0 128.0 Stranded costs 1.7 1.9 3.5 Operating expenditure 210.6 166.4 63.1 60.7 66.8 26.4 376.9 123.8 93.2 89.7 Share of net profit/(loss) of associates and jv 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Management EBITDA 73.0 49.8 18.3 18.1 19.9 14.8 122.8 36.4 34.8 38.3 Depreciation -0.1 0.4 0.1 0.2 0.1 0.0 0.3 0.3 0.1 0.1 Amortisation 40.8 28.1 0.0 0.0 0.0 0.0 69.0 0.0 0.0 0.0 Management EBIT 32.2 21.3 18.2 17.9 19.9 14.8 53.5 36.2 34.7 38.2 EBIT Margin 11.4% 9.9% 22.4% 22.7% 22.9% 35.8% 10.7% 22.6% 27.1% 29.8% Management EBIT ex MI -31.7 -27.6 -11.2 -11.3 -10.3 -15.6 -59.3 -22.5 -26.0 -22.4 EBIT ex MI Margin -14.4% -16.5% -21.7% -22.7% -18.2% -144.3% -15.3% -22.2% -38.5% -33.3% Mortgage Services revenue breakdown US Mortgage Services Revenue 201.7 130.2 0.0 0.0 0.0 0.0 331.9 0.0 0.0 0.0 UK Mortgage Services Revenue 52.6 57.6 51.7 49.1 56.1 10.5 110.2 100.9 66.6 66.6 Fee revenue 0.4 0.3 0.2 0.5 0.4 0.4 0.7 0.7 0.8 0.8 UK Property Rental Services MI 28.8 28.1 29.5 29.2 30.2 30.4 56.9 58.7 60.6 60.6 UK Property Rental Services Revenue 29.2 28.4 29.6 29.7 30.6 30.8 57.6 59.3 61.4 61.4
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33 Communication Services & Utilities profit and loss Communication Services and Utilities operations comprise document composition and printing, intelligent mailing, inbound process automation, scanning and electronic delivery. 1 FY26 results excluding stranded costs. Note: This slide will not be provided after FY26. Voucher Services profit and loss Voucher Services comprise the provision of Childcare Voucher administration in the UK. USD M (at actual rates) 1H24 2H24 1H25 2H25 1H26 2H26FY23 FY24 FY25 FY26 FY26 1 Communication Services 83.8 92.1 87.1 95.8 78.7 80.6 175.8 182.9 159.3 159.3 Utilities 4.4 4.8 4.8 4.9 5.9 5.5 9.2 9.7 11.4 11.4 Total Management Revenue 88.2 96.8 91.9 100.7 84.6 86.0 185.0 192.5 170.6 170.6 Stranded costs 1.6 1.8 3.3 Operating expenditure 79.3 79.0 84.2 80.9 75.6 68.8 158.2 165.1 144.4 141.0 Management EBITDA 8.9 17.9 7.7 19.8 9.0 17.3 26.8 27.5 26.3 29.6 Depreciation 2.1 2.0 2.7 2.3 1.2 1.8 4.2 5.0 3.0 3.0 Management EBIT 6.8 15.8 5.0 17.4 7.8 15.5 22.6 22.5 23.2 26.6 EBIT Margin 7.7% 16.4% 5.5% 17.3% 9.2% 18.0% 12.2% 11.7% 13.6% 15.6% USD M (at actual rates) 1H24 2H24 1H25 2H25 1H26 2H26FY23 FY24 FY25 FY26 FY26 1 Fee revenue -0.6 1.0 1.0 3.6 0.8 0.7 0.4 4.6 1.4 1.4 Margin Income 0.1 0.1 0.1 0.1 0.0 0.0 0.2 0.1 0.1 0.1 Total Management Revenue -0.5 1.1 1.1 3.6 0.8 0.7 0.6 4.8 1.5 1.5 Stranded costs 0.0 0.0 0.0 Operating expenditure -1.4 -1.1 -1.6 -1.6 -1.1 -1.1 -2.6 -3.2 -2.2 -2.2 Management EBITDA 0.9 2.2 2.7 5.3 1.9 1.8 3.2 8.0 3.7 3.7 Management EBIT 0.9 2.2 2.7 5.3 1.9 1.8 3.2 8.0 3.7 3.7 Management EBIT ex MI 0.9 2.1 2.6 5.2 1.9 1.7 3.0 7.9 3.6 3.6 FY26 Revenue by Region USD M (at actual rates) ANZ Asia UCIA CEU USA Canada Total Communication Services & Utilities 76.5 0.0 16.4 -0.0 66.6 11.1 170.6 PCP 76.0 0.0 12.7 25.3 61.0 17.5 192.5 FY26 Revenue by Region USD M (at actual rates) ANZ Asia UCIA CEU USA Canada Total Voucher Services 0.0 0.0 1.5 0.0 0.0 0.0 1.5 PCP 0.0 0.0 4.8 0.0 0.0 0.0 4.8
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34 T echnology Services & Operations profit and loss Technology Services & Operations includes operations and shared service functions including Risk, Internal Audit, People, Facilities, Global Information Security and Corporate. Computershare allocates out all corporate expenses to our business lines. The residual Corporate and Technology revenues reflect some third-party technology revenues, rental income, interest income and other corporate related transaction income (this includes the provision of the KCC, US Mortgage Services and UK Mortgage Services business transitional services agreement). 1 FY26 results excluding stranded costs. Note: This slide will not be provided after FY26. USD M (at actual rates) 1H24 2H24 1H25 2H25 1H26 2H26FY23 FY24 FY25 FY26 FY26 1 Total Revenue ex MI 9.5 9.3 16.4 7.4 12.3 7.4 18.7 23.8 19.7 19.7 Margin Income 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total Management Revenue 9.5 9.3 16.4 7.4 12.3 7.4 18.7 23.8 19.7 19.7 Stranded costs -18.7 -21.5 -40.2 Operating expenditure -6.7 21.2 24.8 17.9 8.0 13.3 14.5 42.7 21.3 61.6 Share of net profit/(loss) of associates and jv 0.1 0.0 -0.1 -0.1 0.0 -0.1 0.1 -0.2 -0.1 -0.1 Management EBITDA 16.3 -11.9 -8.3 -10.6 4.3 -5.7 4.3 -18.9 -1.4 -41.7 Depreciation 21.9 19.7 24.6 26.4 27.5 28.8 41.6 51.0 56.2 56.2 Amortisation 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Management EBIT -5.6 -31.7 -32.8 -37.0 -23.2 -34.5 -37.3 -69.8 -57.7 -97.9 Management EBIT ex MI -5.6 -31.7 -32.8 -37.0 -23.2 -34.5 -37.3 -69.8 -57.7 -97.9 FY26 Revenue by Region USD M (at actual rates) ANZ Asia UCIA CEU USA Canada Total Technology Services & Operations 1.3 0.3 5.0 4.6 7.3 1.3 19.7 PCP 3.7 0.0 5.9 0.0 13.4 0.8 23.8
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35 Revenue definitions Revenue definitions: Event based businesses include Corporate Actions and Stakeholder Relationship Management. Transactional revenue fees are inclusive of Register Maintenance (holder/broker paid), Plans transactional fees, and US Mortgage Servicing (servicing related fees and other fees). Client fee revenue is inclusive of Register Maintenance (Issuer paid), Entity Solutions, Corporate Trust, Plans (excluding Plans transactional), UK and US Mortgage Servicing (base servicing), CCS & Utilities, Vouchers, and Corporate and Technology Revenue. The group disposed off US MS on the 1st May 2024 and UK MS on the 1st February 2026. Classification USD M FY24 FY25 FY26 FY26 @ CC Issuer Services Client Fees Register Maintenance - Issuer Paid 446.0 451.9 456.1 447.1 Transactional Fees Register Maintenance - Holder/Broker Paid 227.6 245.7 272.6 270.3 Event Fees Corporate Actions 105.9 110.3 135.9 134.8 Event Fees Stakeholder Relationship Management 72.0 91.8 103.9 102.9 Client Fees Entity Solutions 109.5 119.0 128.9 128.2 Global Corporate Trust Client Fees Computershare Corporate Trust 459.4 502.0 548.9 548.9 Client Fees Corporate Trust 57.1 58.2 64.9 64.3 Employee Share Plans Client Fees Plans - Fee revenues 166.5 175.6 191.8 183.7 Transactional Fees Plans - Transactional revenues 220.0 267.3 332.3 316.9 Client Fees Plans - Other revenues 18.0 14.7 15.7 15.0 Mortgage Services & Property Rental Services Client Fees US Mortgage Services - Base 161.9 0.0 0.0 0.0 Transactional Fees US Mortgage Services - service 44.9 0.0 0.0 0.0 Transactional Fees US Mortgage Services - Other 69.2 0.0 0.0 0.0 Client Fees UK Mortgage Services 110.2 100.9 66.6 63.7 Transactional Fees Property Rental Services 0.7 0.7 0.8 0.7 Communication Services & Utilities Client Fees Communication Services 175.8 182.9 159.3 155.8 Client Fees Utilities 9.2 9.7 11.4 10.9 Client Fees Voucher Services -0.8 4.6 1.4 1.4 Client Fees Technology Services & Operations 20.0 23.8 19.7 19.2 Total Revenue excluding Margin Income 2,472.9 2,359.0 2,510.3 2,463.8 Margin Income 836.6 761.1 755.6 748.7 Total Revenue 3,309.5 3,120.2 3,265.9 3,212.5 Client Fees Total Revenue excluding Margin Income 1,732.6 1,643.2 1,664.7 1,638.1 Transactional Fees Total Revenue excluding Margin Income 562.4 513.7 605.7 588.0 Event Fees Total Revenue excluding Margin Income 177.9 202.1 239.9 237.7 2,472.9 2,359.0 2,510.3 2,463.8
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36 Revenue by Country (USD and Local Currency) Equatex Revenue of $160.5m has been split between Switzerland $156.2m, Norway $4.0m and Poland $0.3m. This revenue is classified as UCIA consistent with prior periods. In addition, Switzerland includes revenue for Register Maintenance $11.9m. USD M (at actual rates) Revenue FY26 ANZ 222.1 Asia 151.0 UCIA 762.6 CEU 81.7 USA 1,810.1 Canada 238.3 Total Revenue 3,265.9 EBITDA FY26 ANZ 42.3 Asia 75.2 UCIA 317.6 CEU 21.3 USA 702.4 Canada 126.2 Total EBITDA 1,284.9 EBIT FY26 ANZ 32.6 Asia 72.0 UCIA 296.7 CEU 18.7 USA 667.4 Canada 123.4 Total EBIT 1,210.7 USD M (at actual rates) Australia Hong Kong UK & Offshore Switzerland South Africa Germany USA Canada Other Total Register Maintenance 87.2 52.9 92.4 11.9 13.5 26.3 455.6 62.1 56.7 858.6 Corporate Actions 19.5 35.3 23.6 0.0 4.7 0.0 115.8 32.8 4.2 236.0 Stakeholder Relationship Management 1.8 3.2 16.6 0.0 0.0 0.0 74.1 0.0 8.2 103.9 Entity Solutions 0.8 2.7 12.7 0.0 0.2 0.7 107.4 1.1 3.2 128.9 Issuer Services 109.3 94.0 145.3 11.9 18.5 27.1 753.0 96.0 72.2 1,327.4 Corporate Trust 0.0 0.0 0.0 0.0 0.0 0.0 925.4 107.6 0.1 1,033.0 Employee Share Plans 24.2 56.6 224.4 156.2 0.0 0.0 57.7 22.3 44.1 585.5 Corporate & Other 77.8 0.3 151.0 -0.6 0.1 4.6 74.0 12.4 0.3 319.9 Mortgage Services & Property Rental Services 0.0 0.0 128.0 0.0 0.0 0.0 0.0 0.0 0.0 128.0 Communication Services & Utilities 76.5 0.0 16.4 0.0 0.0 0.0 66.6 11.1 -0.0 170.6 Vouchers 0.0 0.0 1.5 0.0 0.0 0.0 0.0 0.0 0.0 1.5 Technology Services & Operations 1.3 0.3 5.1 -0.6 0.1 4.6 7.3 1.3 0.4 19.7 Total Revenue 211.3 151.0 520.7 167.5 18.6 31.6 1,810.1 238.3 116.8 3,265.9 Australia Hong Kong UK & Offshore Switzerland South Africa Germany USA Canada Other AUD HKD GBP CHF ZAR EUR USD CAD USD Register Maintenance 128.4 413.4 68.8 9.5 227.5 22.6 455.6 85.7 56.7 Corporate Actions 28.8 275.4 17.6 0.0 79.6 0.0 115.8 45.4 4.2 Stakeholder Relationship Management 2.7 25.1 12.4 0.0 0.3 0.0 74.1 0.0 8.2 Entity Solutions 1.1 20.8 9.5 0.0 4.1 0.6 107.4 1.6 3.2 Issuer Services 160.9 734.7 108.3 9.5 311.5 23.2 753.0 132.7 72.2 Corporate Trust 0.0 0.0 0.0 0.0 0.0 0.0 925.4 148.6 0.1 Employee Share Plans 35.7 442.0 167.2 123.9 0.0 0.0 57.7 30.9 44.1 Corporate & Other 114.6 2.5 112.5 -0.5 1.8 3.9 74.0 17.2 0.3 Mortgage Services & Property Rental Services 0.0 0.0 95.3 0.0 0.0 0.0 0.0 0.0 0.0 Communication Services & Utilities 112.7 0.0 12.2 0.0 0.0 0.0 66.6 15.4 -0.0 Vouchers 0.0 0.0 1.1 0.0 0.0 0.0 0.0 0.0 0.0 Technology Services & Operations 1.9 2.5 3.8 -0.5 1.8 3.9 7.3 1.8 0.4 Total Revenue 311.2 1,179.2 388.0 132.9 313.3 27.1 1,810.1 329.3 116.8
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37 Revenue excluding acquisitions and disposals 37 *Acquisitions: reflects first 12 months revenue contribution and disposals: reflects 12 months historical contribution prior to disposal. Acquisitions: Solium Capital UK (1st Dec 23), Ingage IR Limited (31st Dec 24), CMi2i Limited (31st Dec 24), BNY Trust Company of Canada (4th Mar 25). Disposals: Bankruptcy and Class Actions business (1st May 23), US Mortgage Services business (1st May 24), CCS Germany (29th Aug 25), UK Mortgage Services business (1st Feb 26). USD M (at actual rates) 1H24 2H24 1H25 2H25 1H26 2H26 FY24 FY25 FY26 Management Revenue 1,611.7 1,697.8 1,507.6 1,612.6 1,583.5 1,682.3 3,309.5 3,120.2 3,265.9 Less acquisitions* 2.8 22.2 16.0 10.4 12.9 2.5 25.0 26.4 15.4 Less disposals* 236.9 150.9 7.5 53.8 60.1 10.5 387.8 61.3 70.6 Less Margin Income 395.7 385.0 394.2 364.3 371.7 379.3 780.7 758.5 751.0 Management Revenue excluding MI, acquisitions and disposals 976.4 1,139.6 1,089.8 1,184.1 1,138.9 1,290.0 2,116.0 2,273.9 2,429.0
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38 Cost out programs $29.8m cost out benefit achieved in FY26 › Cost saves of $53.4m in FY26 of which $29.8m is opex and $23.6m revenue synergies, with a further $50m expected in FY27 ($22m cost saves and $28m revenue synergies). › Stage 5 has been upgraded to $82m and includes $17m of expected cost saves in FY27. › CCT synergies includes $47m of cumulative revenue synergies; total synergy plan expected to be $116m by the end of FY27. › $72.4m (post tax) costs to achieve in FY26, with FY27 targets estimated at $35.2m, a 51% reduction. › FY26 will be the final year of cost out reporting, as the associated programs are expected to conclude by the end of FY27. Notes: 1 Last disclosure at 1H26 and includes cumulative benefits up to FY26. 2 Costs to achieve are cumulative. $M Activity Total cost savings estimates FY24A FY25A FY26A FY26 change vs. last disclosure1 Total change vs. last disclosure1 To be delivered in FY27 Stage 1 Total 25 - 30 28.1 28.1 28.1 ► 0.0 COMPLETE Stage 2 Total 60 - 70 66.2 66.2 66.2 ► 0.0 COMPLETE Stage 3 Total 40 - 80 61.1 61.1 61.1 ► 0.0 COMPLETE Stage 4 Total 40 - 55 43.1 43.1 43.1 ► 0.0 COMPLETE Stage 5 Total 45 - 82 0.0 39.0 62.1 ▲ 3.6 ▲ 17.0m 17.0m Total estimate 210 - 317 198.5 237.5 260.6 ▲ 3.6 ▲ 17.0m 17.0m Equatex synergies 40 27.5 40.0 40.0 ► 0.0 COMPLETE UK Mortgage Services 85-100 82.8 93.8 93.8 ► 0.0 COMPLETE CCT synergies 80 29.7 53.1 83.4 ▲ 6.7 ► 0.0 5.0m Total cost savings 415-537 338.5 424.5 477.9 ▲ 10.3 ▲ 17.0m 22.0m Cost to achieve (post tax)2 441.0 537.0 609.4 ▼ 2.6 ▼ 2.6 35.2
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39 Other expenditure Note 1: Computer / external technology includes hardware, software licenses, network and voice costs, 3 rd party vendor fees and data centre costs. Note 2: Technology costs include personnel, occupancy and other direct costs to technology services. No internal development cost is capitalised. Operating costs 1H24 2H24 1H25 2H25 1H26 2H26 FY24 FY25 FY26 Cost of Sales 182.0 202.4 162.0 198.3 175.7 197.5 384.3 360.3 373.2 Personnel 653.2 671.5 601.3 620.5 649.9 643.1 1,324.6 1,221.8 1,293.0 Occupancy 19.7 17.8 18.6 16.9 14.6 18.7 37.5 35.5 33.3 Other Direct 78.2 78.7 69.1 72.8 75.2 82.3 156.9 141.9 157.5 Computer/External Technology 57.1 62.2 57.9 58.9 63.2 60.9 119.3 116.8 124.1 Total Controllable Costs 808.2 830.2 746.9 769.1 803.0 805.0 1,638.3 1,516.0 1,607.9 Total Operating Expenditure 990.1 1,032.6 908.9 967.4 978.7 1,002.4 2,022.7 1,876.3 1,981.1 Technology Costs 1H24 2H24 1H25 2H25 1H26 2H26 FY24 FY25 FY26 Development 64.5 72.4 48.3 61.4 59.9 65.5 136.9 109.7 125.3 Infrastructure 63.3 68.0 63.0 72.4 68.3 67.8 131.3 135.3 136.1 Maintenance 21.8 20.6 19.1 28.1 30.6 33.7 42.3 47.2 64.2 Admin 12.2 14.4 11.7 13.4 13.5 16.8 26.6 25.1 30.3 Total Technology Costs 161.8 175.3 142.1 175.2 172.3 183.7 337.1 317.3 356.0 Technology costs as a % of revenue 10.0% 10.3% 9.4% 10.9% 10.9% 10.9% 10.2% 10.2% 10.9% Capex breakdown 1H24 2H24 1H25 2H25 1H26 2H26 FY24 FY25 FY26 Information Technology 12.0 7.1 14.2 15.6 7.4 12.3 19.1 29.8 19.6 Communication Services Facilities 0.0 4.0 0.6 1.2 0.2 4.3 4.0 1.8 4.6 Occupancy 2.4 6.1 2.1 6.5 3.3 11.1 8.5 8.6 14.4 Other 0.9 3.9 5.3 1.3 1.3 -0.7 4.9 6.6 0.6 Total Capex 15.3 21.2 22.2 24.7 12.2 27.0 36.5 46.8 39.2
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40 Margin Income returns FY26 Margin Income is $755.6m ($748.7m in constant currency) Margin Income and Balances translated at Actual fx rates. 1H26 Margin Income in constant currency is $372.9m. 2H26 Margin Income in constant currency is $375.8m. MI yield reflects the Margin Income generated from the cash balances only (exposed and non-exposed). Money market fund (MMF) fees are classified as fee revenue and included in EBIT excluding Margin Income. At Actual Rates 1H18 2H18 1H19 2H19 1H20 2H20 1H21 2H21 1H22 2H22 1H23 2H23 1H24 2H24 1H25 2H25 1H26 2H26 MI ($m) 79.6 99.9 125.2 121.2 116.0 83.4 55.5 51.5 62.1 125.0 344.1 431.3 430.8 405.8 394.2 366.9 375.5 380.2 Total Group 1H26 2H26 FY26 Margin Income $m 375.5 380.2 755.6 Avg client cash balances - Total $bn 30.9 33.1 32.0 Total MI yield % 2.43% 2.30% 2.36% MMF fee revenue $m 30.3 31.7 62.0 MMF avg balances $bn 58.9 64.3 61.6 MMF yield % 0.10% 0.10% 0.10% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 0 5 10 15 20 25 30 35 40 45 1H18 2H18 1H19 2H19 1H20 2H20 1H21 2H21 1H22 2H22 1H23 2H23 1H24 2H24 1H25 2H25 1H26 2H26 Margin Income Average Client Cash Balances and Yields Avg Client Balances ($bn) CPU Yield Fed Effective Central Bank Rate Changes (July 2025 to June 2026)* US: 17 Sep 25 -0.25%, 29 Oct 25 -0.25%, 10 Dec 25 -0.25% UK: 7 Aug 25 -0.25%, 18 Dec -0,25% CA: 17 Sep 25 -0.25%, 29 Oct 25 -0.25% AU: 12 Aug 25 -0.25%, 3 Feb 26 +0.25%, 17 Mar 26 +0.25%, 5 May 26 +0.25% * Source: Bloomberg
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Breakdown of average client cash balances 41 Other includes CHF, DKK, EUR, HKD, NOK, NZD, ZAR, SEK. Legacy CCT Total Legacy CCT Total Legacy CCT Total Legacy CCT Total FY25 Actual 1H26 Actual 2H26 Actual FY26 Actual Total Balances ($bn) 13.9 16.0 29.9 14.6 16.3 30.9 16.2 16.9 33.1 15.4 16.6 32.0 Hedged Balances By Profile Fixed rate term deposits 2.7 1.6 4.2 1.2 1.5 2.7 1.2 2.3 3.5 1.2 1.9 3.1 Fixed rate swaps 1.8 3.9 5.7 1.8 4.3 6.1 2.2 4.7 6.9 2.0 4.5 6.5 By Currency AUD 0.1 0.0 0.1 0.0 0.0 0.0 0.1 0.0 0.1 0.1 0.0 0.1 CAD 0.5 0.0 0.5 0.5 0.0 0.5 0.5 0.0 0.5 0.5 0.0 0.5 GBP 1.8 0.0 1.8 0.4 0.0 0.4 0.6 0.0 0.6 0.5 0.0 0.5 USD 2.1 5.5 7.6 2.1 5.8 7.9 2.2 6.9 9.2 2.2 6.3 8.5 Total Hedged Balances 4.4 5.5 9.9 3.0 5.8 8.8 3.4 6.9 10.4 3.2 6.3 9.6 Exposed Balances AUD 0.3 0.0 0.3 0.4 0.0 0.4 0.4 0.0 0.4 0.4 0.0 0.4 CAD 1.6 0.0 1.6 1.6 0.0 1.6 1.6 0.0 1.6 1.6 0.0 1.6 GBP 0.4 0.0 0.4 1.7 0.2 1.9 1.6 0.1 1.7 1.7 0.2 1.8 USD 1.4 3.7 5.1 1.3 3.9 5.2 2.2 2.8 5.0 1.7 3.4 5.1 Other 0.7 0.6 1.2 0.8 0.4 1.2 0.5 0.5 1.0 0.7 0.5 1.1 Total Exposed Balances 4.3 4.3 8.6 5.9 4.5 10.4 6.3 3.4 9.7 6.1 4.0 10.0 Non-Exposed Balances 5.2 6.2 11.4 5.7 6.0 11.7 6.5 6.5 13.0 6.1 6.3 12.4
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Breakdown of Margin Income 42 Other includes CHF, EUR, HKD, NZD, and ZAR. Legacy CCT Total Legacy CCT Total Legacy CCT Total Legacy CCT Total At actual rates FY25 Actual 1H26 Actual 2H26 Actual FY26 Actual Total Margin Income 389.9 371.3 761.1 188.4 187.1 375.5 197.6 182.6 380.2 385.9 369.7 755.6 Hedged Margin Income By Profile Fixed rate term deposits 76.9 52.7 129.6 19.9 27.9 47.8 22.4 43.2 65.6 42.3 71.1 113.4 Fixed rate swaps 59.1 127.3 186.4 31.4 70.5 101.9 38.9 77.4 116.3 70.3 147.9 218.2 By Currency Australia 2.0 0.0 2.0 0.6 0.0 0.6 0.9 0.0 0.9 1.5 0.0 1.5 Canada 18.9 0.0 18.9 9.7 0.0 9.7 10.1 0.0 10.1 19.8 0.0 19.8 UK 43.8 0.0 43.8 5.3 0.0 5.3 11.8 0.0 11.8 17.2 0.0 17.2 US 70.3 180.0 250.2 35.5 98.4 133.9 38.5 120.6 159.1 74.0 219.0 293.0 Total Hedged Margin Income 135.0 180.0 314.9 51.3 98.4 149.7 61.4 120.6 182.0 112.6 219.0 331.6 Exposed Margin Income Australia 10.1 0.0 10.1 7.1 0.0 7.1 6.6 0.0 6.6 13.7 0.0 13.7 Canada 51.4 0.0 51.4 24.8 0.0 24.8 21.6 0.0 21.6 46.4 0.0 46.4 UK 13.9 0.9 14.8 29.5 3.2 32.7 23.9 3.0 26.9 53.4 6.2 59.6 US 54.6 172.6 227.2 23.0 82.9 105.9 37.6 54.9 92.5 60.5 137.9 198.4 Other 14.3 13.7 28.0 6.7 2.0 8.7 5.7 2.2 7.9 12.5 4.2 16.7 Total Exposed Margin Income 144.2 187.2 331.5 91.1 88.1 179.2 95.4 60.1 155.5 186.5 148.3 334.8 Non-Exposed Margin Income 110.7 4.1 114.7 46.0 0.6 46.6 40.8 1.9 42.7 86.8 2.4 89.2 Average annualised yield 2.81% 2.33% 2.55% 2.56% 2.31% 2.42% 2.43% 2.17% 2.30% 2.50% 2.23% 2.36% Hedged 3.03% 3.30% 3.18% 3.28% 3.41% 3.40% 3.57% 3.48% 3.51% 3.48% 3.45% 3.46% Exposed 3.38% 4.33% 3.84% 3.12% 3.88% 3.44% 3.03% 3.54% 3.21% 3.03% 3.73% 3.32% Non-exposed 2.11% 0.07% 1.01% 1.60% 0.02% 0.78% 1.25% 0.06% 0.65% 1.42% 0.04% 0.72%
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43 Exposed and non-exposed average client cash balances by business FY24 Balances Margin Income FY25 Balances Margin Income FY26 Balances Margin Income(USD bn) (USD bn) (USD bn) Exp + Hedge Non-Exp (USD m) Exp + Hedge Non-Exp (USD m) Exp + Hedge Non-Exp (USD m) Register Maintenance 3.4 0.3 138.7 3.6 0.8 141.4 4.0 0.4 130.0 Corporate Actions 2.4 0.4 111.7 2.2 0.3 94.9 2.7 0.7 100.0 Issuer Services 5.8 0.7 250.4 5.8 1.1 236.3 6.7 1.1 230.0 US Corporate Trust 9.2 5.5 372.7 9.8 6.2 371.3 10.3 6.3 369.7 Canada Corporate Trust 0.9 1.9 47.2 1.2 1.8 44.4 1.3 1.8 49.5 Corporate Trust 10.1 7.4 419.9 11.0 8.0 415.7 11.6 8.1 419.2 Employee Share Plans 1.1 0.4 53.4 0.8 0.9 50.3 1.3 0.9 45.7 Voucher Services 0.0 0.0 0.1 0.0 0.0 0.1 0.0 0.0 0.1 Mortgage Services & Property Rental Services 1.4 2.3 112.8 0.9 1.4 58.7 0.0 2.3 60.6 Corporate and Other 1.4 2.3 112.8 0.9 1.4 58.7 0.0 2.3 60.7 Totals 18.4bn 10.8bn 836.6m 18.5bn 11.4bn 761.1m 19.6bn 12.4bn 755.6m Total average balances 29.2bn 29.9bn 32.0bn The Group disposed of the US Mortgage Services business on the 1st May 2024 (FY24 $1.5bn of average balances).
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Protecting Margin Income across the interest rate cycle $1.9bn of Margin Income locked in irrespective of interest rate movements 44 $0.2bn $1.2bn • FY24 through FY26 translated at actual rates. FY27 and beyond are translated at the FY26 average FX rate. • US Mortgage Services Balances: 1H24 $1.9bn, 2H24 $1.1bn (4 months). • Replacement of run off is for illustrative purposes only. Our strategy is to replace maturing trades with new hedges. • WAL (Weighted Average Life) of the hedge book – 5.07 years at 30 June 2026 compared to 5.05 years at 31 December 2025. 14.7 14.3 14.2 13.7 14.6 16.2 14.1 15.2 16.0 15.9 16.3 16.9 47.1 53.4 54.0 55.2 58.9 64.3 75.9 82.9 84.2 84.7 89.8 97.4 0% 10% 20% 30% 40% 50% 60% 70% 0 10 20 30 40 50 60 70 80 90 100 1H24 2H24 1H25 2H25 1H26 2H26 Total client balances ($bn) Average Client Balances - Legacy Average Client Balances - CCT Average MMF Hedge Book as a % of Avg Exposed Balances $1.9bn 379 332 287 248 199 41 88 133 172 221 0 100 200 300 400 500 600 700 Total Hedge MI FY26 - FY35 FY27 FY28 FY29 FY30 FY31 Total Hedged Margin Income ($m) MI - existing hedge book at 30 June 26 MI - New trades executed YTD FY27 Notional replacement of run-off/planned activity 76% of total hedged margin income ($1.5bn) to be delivered in next 5 years.
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45 Profile of our existing swap, fixed, and floating term book • Figures represent average notional balances for each half as at 30 June 2026. • CPU manages client balances in line with internal policies around counterparty credit risk, concentration of deposit risk and minimum levels of hedging. • Replacement/additional fixed rate deposits/swaps will continue to be implemented throughout FY27 and beyond. Hedged balances ($bn) 1H27 2H27 1H28 2H28 1H29 2H29 1H30 2H30 1H31 2H31 1H32 2H32 1H33 2H33 1H34 2H34 1H35 2H35 1H36 2H36 By Profile 11.0 10.4 9.7 9.2 8.7 8.0 7.6 7.1 6.3 5.6 5.1 4.8 3.7 3.3 2.7 1.9 1.6 1.2 1.0 0.2 Fixed rate term balances 3.7 3.2 2.8 2.4 2.2 1.8 1.6 1.4 1.2 0.5 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Fixed rate swaps 7.3 7.2 6.9 6.8 6.5 6.3 6.0 5.7 5.2 5.1 5.0 4.8 3.7 3.3 2.7 1.9 1.6 1.2 1.0 0.2 Split by Currency 11.0 10.4 9.7 9.2 8.7 8.0 7.6 7.1 6.3 5.6 5.1 4.8 3.7 3.3 2.7 1.9 1.6 1.2 1.0 0.2 AUD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 CAD 0.5 0.4 0.2 0.2 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 GBP 0.8 0.8 0.5 0.4 0.4 0.4 0.3 0.3 0.3 0.2 0.2 0.2 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 USD 9.7 9.2 8.9 8.5 8.1 7.6 7.2 6.7 6.0 5.3 4.9 4.7 3.5 3.3 2.6 1.9 1.6 1.2 1.0 0.2 Average Weighted Hedged Yield 3.53% 3.53% 3.51% 3.46% 3.43% 3.42% 3.41% 3.37% 3.34% 3.36% 3.37% 3.38% 3.57% 3.62% 3.67% 3.78% 3.78% 3.80% 3.78% 3.91% Exposed balances ($bn) 1H27 2H27 1H28 2H28 1H29 2H29 1H30 2H30 1H31 2H31 1H32 2H32 1H33 2H33 1H34 2H34 1H35 2H35 1H36 2H36 By Profile 3.4 2.8 2.3 1.3 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Term balances 3.4 2.8 2.3 1.3 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Split by Currency 3.4 2.8 2.3 1.3 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 AUD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 CAD 0.3 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 GBP 2.2 2.2 2.0 1.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 USD 0.9 0.4 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
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88 88 88 88 88 88 88 88 77 424 424 424 424 424 424 424 424 424 258 396 360 324 288 252 215 179 143 770 908 872 836 800 764 728 692 645 0 100 200 300 400 500 600 700 800 900 1,000 FY27E 5.5% Rates 5% Rates 4.5% Rates 4% Rates 3.5% Rates 3% Rates 2.5% Rates 2.0% Rates Margin Income ($m) Rate Sensitivity on FY27E Balances Non Exposed Hedged Exposed 46 Balance and interest rate sensitivities on annualised Margin Income A 3% interest rate environment is expected to generate $728m in annual MI, assuming FY27E client balance profile Quarterly average of daily market implied rates. Source: Bloomberg – World Interest Rate Probability at 10th August 2026. Cash rate assumptions for FY27 guidance FY27 Q1* FY27 Q2* FY27 Q3* FY27 Q4* Average USD 3.68% 3.87% 3.99% 4.05% 3.89% AUD 4.38% 4.50% 4.54% 4.53% 4.49% GBP 3.78% 3.99% 4.19% 4.31% 4.07% CAD 2.28% 2.36% 2.45% 2.66% 2.44% Weighted Avg 3.36% 3.52% 3.63% 3.72% 3.55% 756 756 679 679 770 770 3 92 80 1 FY26 Group MI Impact of Rate Curve on Exp Balances Impact of Net Balances on Exp Balances Impact of Hedging Activity Impact of Non Exposed FY27 Group MI at FY26 Rates FY27E Margin Income Bridge ($m) 32.0 32.0 32.9 32.8 32.8 1.0 0.1 0.1 FY26 Average Balances Corporate Trust Employee Share Plans Property Rental Services FY27E FY27E Average Balances Bridge ($b) 3.55%: FY27 assumed cash rate
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63% 28% 9% 350.0 117.0 550.0 533.0 216.8 584.3 0 100 200 300 400 500 600 700 800 900 1000 FY27 FY28 FY29 FY30 FY31 FY32 USD Million USPP Drawn Bank Debt Undrawn Bank Debt Debt Capital Markets Debt Facilities Maturity Profile and Composition – 30 June 2026 47 Composition of drawn debt facilitiesMaturity Profile • Diverse sources of debt with public and private bonds combined with Bank facilities • Average debt facility maturity is 3.1 yrs. Drawn debt maturity is 3.7yrs • Debt drawn – 100% floating; 100% USD • Average cost of debt for FY26 is 5.53% (PCP 6.75%)* * (FY26 interest expense / Total debt (average of open (Jun-25) and close position (Jun-26)). Undrawn Bank Facilities: $1,083.0m $1,268.0m
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48 Computershare’s natural hedge – mitigating the impact of lower rates Lower interest expense more than offsets impact of lower rates on Margin Income Key factors • Interest costs on Group debt reducing as rates decline and balance sheet strengthens (all debt floating), average cost of debt down 122bps vs. PCP • Balances improve as lower interest rates stimulate increased business activity • 2/3rds of client balances unaffected by short term rate movements • Hedge yield increasing as some older swaps are replaced at higher yields • Hedge book has locked in $1.5bn of margin income over next 5 years In FY26, US cash rates were 77bps lower than the pcp, reducing our exposed yield by 63bps. Margin Income was resilient, down 2%. The total impact of lower interest rates and higher balances across the group, was $22m; 2% of PBT, demonstrating Computershare’s natural hedge $21.6m Total Interest Rate and Balance Impact in FY26 vs. PCP Impact of interest rate movements on MI ($237m) Impact of balances (value + mix) $209m Impact of hedge book contribution $16m ($12.5m) Change in Margin Income in FY26 vs. PCP $34.1m Reduction in Interest Expense on Group debt in FY26 vs. PCP+ =
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49 Balance sheet 1 Return on equity (ROE) = rolling 12 month Mgt NPAT / Equity* 2 Return on invested capital (ROIC) = (Mgt EBITDA less depreciation and amortization less income tax expense) / (net debt* + total equity*) *Includes the average of the opening and closing position. Cash classified as an “asset held for sale” is included in the net debt calculation in 1H26 ($27.6m), FY25 ($0.3m) and 1H24 ($104.4m). FY26 net debt calculation of $144.1m is 100% floating rate debt (FY25: $527.6m). Non-recourse SLS advance debt disposed of as part of sale of US MS completed on 1 May 2024. At actual rates 1H24 FY24 1H25 FY25 1H26 FY26 Dec Jun Dec Jun Dec Jun Current Assets USD M 2,955.7 1,987.2 1,938.9 2,066.4 1,964.8 1,856.7 Non Current Assets USD M 3,225.8 3,131.4 3,109.4 3,269.0 3,139.1 3,110.0 Total Assets USD M 6,181.5 5,118.6 5,048.3 5,335.4 5,103.9 4,966.7 Current Liabilities USD M 1,260.8 675.4 1,285.0 941.3 707.1 735.9 Non Current Liabilities USD M 2,808.1 2,494.7 1,842.5 2,253.4 2,149.8 1,943.4 Total Liabilities USD M 4,068.9 3,170.0 3,127.5 3,194.7 2,856.9 2,679.3 Total Equity USD M 2,112.6 1,948.6 1,920.8 2,140.7 2,247.0 2,287.4 Net debt including non-recourse SLS Advance debt USD M 1,310.7 461.4 494.9 527.6 377.4 144.1 Net debt to EBITDA ratio Times 1.01 0.36 0.39 0.42 0.30 0.11 Net debt excluding non-recourse SLS Advance debt USD M 1,105.1 461.4 494.9 527.6 377.4 144.1 Net debt to EBITDA ratio excluding non-recourse SLS Advance debt Times 0.85 0.36 0.39 0.42 0.30 0.11 EBITDA Interest Coverage ratio Times 7.3 7.9 10.1 10.7 13.2 15.6 ROE 1 % 34.1% 34.7% 37.8% 38.7% 38.7% 38.3% ROIC 2 % 25.3% 30.2% 31.9% 35.8% 36.1% 36.5%
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50 Cash flow summary 1 Net operating and financing cash flows. *Net cash outlay on MSR purchases discontinued with the sale of US MS, completed on 1 May 2024. USD M (at actual rates) 1H24 FY24 1H25 FY25 1H26 FY26 Net operating receipts and payments 543.2 1,020.9 512.2 1,096.0 485.4 1,094.8 Net interest and dividends -65.2 -113.6 -40.4 -79.4 -33.8 -56.1 Income taxes paid -108.1 -176.2 -117.6 -192.9 -114.7 -202.1 Net operating cash flows excluding SLS advances 369.9 731.1 354.2 823.7 336.9 836.6 Cash outlay on business capital expenditure -17.2 -42.8 -25.2 -43.6 -15.6 -35.4 Net cash outlay on MSR purchases* -56.5 -76.0 0.0 0.0 0.0 0.0 Free cash flow excluding SLS advances 296.3 612.3 329.1 780.1 321.3 801.2 SLS advance funding requirements1 -28.2 1.9 0.0 0.0 0.0 0.0 Cash flow post SLS advance funding1 268.1 614.2 329.1 780.1 321.3 801.2 Investing cash flows Acquisitions (net of cash acquired) -36.0 -37.1 -56.0 -120.9 0.5 -10.3 Disposal of Kurtzman Carson Consultants 3.8 55.8 55.8 Disposal of US Mortgage Services and CMC Funding 577.8 26.8 Disposal of CCS Germany 5.6 5.6 Disposal of UK Mortgage Services -10.9 Proceeds from settlement of net investment hedges 30.9 Other 10.2 10.2 2.2 1.5 -2.5 -2.5 Total investing cash flows -25.8 550.9 -53.8 -88.8 59.3 68.5 Net operating and investing cash flows 242.3 1,165.1 275.2 691.3 380.6 869.7
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51 Exchange rates Currency 1H24 FY24 1H25 FY25 1H26 FY26 USD 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 AUD 1.5309 1.5250 1.5130 1.5441 1.5260 1.4728 HKD 7.8190 7.8190 7.7870 7.7897 7.7989 7.8114 NZD 1.6539 1.6481 1.6635 1.6923 1.7149 1.7091 INR 82.9649 83.0972 84.1159 85.0896 88.1827 90.5292 CAD 1.3509 1.3545 1.3812 1.3948 1.3858 1.3816 GBP 0.7974 0.7939 0.7746 0.7725 0.7468 0.7450 EUR 0.9242 0.9246 0.9238 0.9191 0.8574 0.8572 ZAR 18.6898 18.7048 17.9406 18.1584 17.3671 16.8735 RUB 93.4421 92.1030 94.4223 90.2862 80.2080 78.2473 DKK 6.8905 6.8945 6.8912 6.8568 6.4015 6.4026 SEK 10.7236 10.6293 10.5964 10.3605 9.4594 9.3514 CHF 0.8848 0.8870 0.8715 0.8661 0.7997 0.7931
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52 › Summary information: This announcement contains summary information about Computershare Limited (ACN 005 485 825) and its related bodies corporate (together “Computershare”) and Computershare’s activities current as at the date of this announcement. It should be read in conjunction with Computershare’ s other announcements released to the Australian Securities Exchange (available at asx.com.au). › 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 decision, 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 r espect 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 performan ce. They involve known and unknown risks, uncertainties, contingencies, assumptions and other important factors that are outside the control of Computershare. › Readers are cautioned not to place undue reliance on forward looking statements, which speak only as to the date of the prese ntation. 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. E xcept as required by applicable laws, Computershare makes no representation or undertaking that it will publicly update or revise such statements or to advise of any change in the projec tions or assumptions on which these statements are based. › 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 on the part of Computershare or its directors, employees or agents. › 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 notice