Page 1

For personal use only humm group 24 February 2021 hummgroup announces half - year 2021 results . humm to enter United Kingdom ( " UK " ) and Canada in 2H21 Active customer numbers grew 40.4 % on prior comparative period ( " pcp " ) to 2.6m , with 1.3m total app downloads • Buy Now Pay Later ( " BNPL ” ) transactions of 1.5m in 1H21 ( 1H20 : 384k ) • Total BNPL volumes of $ 473.0m , up 13.8 % on pcp , with humm ' Little things ' volumes up 46.5 % on pcp Strong balance sheet to fund local and international growth 1H21 Statutory Net Profit After Tax ( " NPAT " ) of $ 38.6m , up 15.9 % on pcp 1H21 Cash NPAT¹ of $ 43.4m , 25.8 % up on pcp humm group limited ( ASX : HUM ) ( " hummgroup " or " the Company " ) today reports its results for the half - year ended 31 December 2020 ( " 1H21 " ) . hummgroup Chief Executive Officer Rebecca James said : " As the only BNPL provider facilitating transactions of up to $ 30k with payment terms ranging from five fortnights to five years , we believe our offering is the most flexible offering in the world . With the launch of hummpro , our BNPL product for SMEs , we now have four clear digitally - led product propositions , that enable seamless approvals for big , small or business - related purchases . It's our mission now to take that offering global and to encourage people the world over to consider humm for personal and business finance so they can buy on their terms . " With substantial capital at our disposal , our ability to service large ticket items a key differentiator , and a significant international market opportunity , we have a strong platform for future growth . With BNPL adoption still in its infancy , humm will continue to challenge traditional and outdated point of sale finance products . " Locally , we're pleased to see solid growth in our BNPL product humm . New and existing customers are using our product more frequently , especially online and for smaller ticket items , helping to create customer engagement in the humm ecosystem . This growth was achieved while we continued to take a prudent approach to credit risk and approvals in the first half of the financial year . " Today's result is a credit to the hummgroup team ; the substantial work undertaken to improve both our customer engagement and our credit decisioning platform has directly benefitted the underlying performance of our business . At a time when we've needed to respond to the impacts of COVID - 19 on both our business and our customers , these improvements have given us the agility to do so and come out of the pandemic in the strongest possible position . " 1 Cash NPAT reflects the reported net profit after tax adjusted for material infrequent items and the amortisation of acquired intangibles . humm group limited ACN 122 574 583 Level 7 , 179 Elizabeth St , Sydney NSW 2000 Tel . + 61-2-8905-2000