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MMS 2026 Annual General Meeting Friday 23rd October 2026
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Disclaimer and important information Disclaimer and important notice This presentation has been prepared by McMillan Shakespeare Limited ABN 74 107 233 983 (MMS). It contains summary information about MMS and its subsidiaries and their activities current as at the date of this presentation. The presentation contains selected information and does not purport to be all inclusive or com plete. It should be read in conjunction with MMS’ FY26 annual report, other periodic corporate reports and continuous disclosure announcements filed with the Australian Securities Exchange (ASX). This presentation has not been audited in accordance with Australian Auditing Standards. Information in this presentation is not intended to be relied upon as advice and is not, and should not be considered, a recomme ndation to investors or potential investors. It does not take into account the investment objectives, financial situation and particular needs of any particular investor. Investors should seek their own independent legal, taxation, business and/or financial advice in connection with any investment decision. Past performance information should not be relied upon as (and is not) an indication of future performance. This presentation contains certain forward-looking statements which are based on management’s current expectations, judgements, estimates and projections about matters relevant to MMS’ future performance. Forward-looking statements can generally be identified by the use of words such as ‘forecast’, ‘estimate’, ‘ plan’, ‘will’, ‘anticipate’, ‘would’, ‘could’, ‘may’, ‘believe’, ‘should’, ‘expect’, ‘intend’, ‘outlook’, ‘strategy’, ‘target’, ‘likely’, ‘aim’ or other similar expressions. Similarly, statements that describe objectives, plans, goals, or expectations of the Group are forward -looking. Forward looking statements are not certain and involve known and unknown risks, assumptions, uncertainties and other factors, many of which are beyond the control of MMS and its management. These factors include: economic conditions, changes in government policy or regulation, an increasingly complex geopolitical environment, vehicle and supply chain dynamics, technological changes (including developments in artificial intelligence) and increased competition. Actual events or results may differ materially , and investors are therefore cautioned not to place undue reliance on such statements. To the extent permitted by law, is under no obligation to update any forward -looking statements. Forward-looking statements may also be made – verbally and in writing – by management in connection with this presentation. Such statements are also subject to the same limitations, uncertainties and assumptions which are set out in this presentation. The information in this presentation is for information purposes only and is not an offer of securities for subscription, pur chase or sale in any jurisdiction or otherwise engage in any investment activity and neither this presentation nor anything in it shall form the basis of any contract or commitment whatsoever. It i s not a prospectus or product disclosure statement, financial product, investment advice or a recommendation to acquire MMS shares or other securities. To the maximum extent permitted by law, no representation or warranty, express or implied, is made as to the fairness, accura cy, reliability, completeness, reasonableness or correctness of the information, opinions, statements, assumptions and conclusions contained in this presentation. To the maximum extent permitted by law, none of MMS, its directors, employees, agents or advisers, nor any other person accepts any liability for any loss arising from the use of this presentation or its contents or otherwis e arising in connection with it, including, without limitation, any liability arising from fault or negligence on the part of MMS or its directors, employees, agents or advisers. All dollar values are in Australian dollars ($) unless stated otherwise. Due to rounding, number presented throughout this document may not add up precisely to the totals provided and percentages ma y not precisely reflect the absolute figures. This document was authorised for release by the MMS Board. 2
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Artwork ‘The Next Chapter’ created by LaToya Kennedy We acknowledge the Traditional Owners of the lands on which we meet today and pay our respects to Elders past and present. 3
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MMS 2026 Annual General Meeting Helen Kurincic, Chair of the Board Rob De Luca, CEO and Managing Director Friday 23rd October 2026
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Chair address Board succession All financial and metric information in this presentation is from Continuing operations unless otherwise stated. Results are no longer Normalised. All variances are versus prior comparative period unless otherwise stated. Refer Endnotes in Appendix of the FY26 Results Presentation for definitions of Continuing operations, Normalised and UNPATA. FY26 Results – Record UNPATA Attractive returns for shareholders 7 Sustainability strategy update
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FY26 Overview 8 Revenue $602.1m ↑6.8% UNPATA $107.9m ↑13.8% Underlying EPS $1.55 per share ↑13.8% ROCE 62.1% ↑83bps Fully-franked dividend $1.32 per share Statutory NPAT $106.7m ↑11.4% Responsible business Making a social impact Supporting a low carbon economy Refer Endnotes in Appendix of the FY26 Results Presentation for definitions of EBITDA, UNPATA and ROCE. 1. Based on FY26 declared dividends per share and 30 day VWAP share price to 21 August 2026. MSCI ESG ‘AAA’ rating Upgraded from ‘AA’ rating in Mar-26 EBITDA $180.7m ↑14.1% Dividend yield1 6.6%
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CEO and Managing Director address FY27 Outlook FY26 Business overview Strategy execution delivering superior customer experience, enhanced distribution and productivity gains 9 Q1FY27 Trading update
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FY26 Business overview 10 Asset Management Services (AMS) Plan and Support Services (PSS) Fleet units 16k ↑3.3% Customers 44k ↑3.0% NPS +45 Digitally processed invoices4 ↑ 43%pts NPS2 +53 Group Remuneration Services (GRS) Salary packages 402k ↑7.1% Novated leases 90k ↑13.5% Digital App rating 1 4.6★ NPS +50 Digitally processed claims 94% CSAT 80% Digital vehicle bookings 3 ↑ 308% 1. Weighted average of Apple App Store ratings for My Maxxia 4.6, MyRemserv 4.5 and Oly 4.4 based on number of reviews of each as at 8 July 2026. 2. Annual score measured in May-26. 3. Client pool fleet vehicle bookings. 4. Excludes My Plan Support.
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↓~5 days2 Lead to settlement time Broadened distribution via NAB partnership and simplified the employer onboarding experience Advanced AI and data capabilities in GRS with real- time agent monitoring to drive service excellence ↑42%1 Users of MMS dealer platform ↓13%4 Average handling time ↑185%3 Oly registered employers ↑23%pts3 Employer to lease conversion ↓18%5 Average after call work time Deliver simplified and scalable solutions to meet evolving customer needs Drive technology and capability enablement to serve customers more productively FY26 Strategy execution highlights Investments delivering superior customer experiences, enhanced distribution & improved operating margin up 250bps Excel in customer and partner experience to grow trusted relationships Delivered superior customer experience from stronger integration with expanded OEM partners via our digital dealer platform 2 31 Superior customer experience AI & data-enabled productivity Productivity gains Service improvementsGrowing connectivity Superior experience Enhanced distribution Simplified experience Oly enhanced distribution 1. Increase in registered users. 2. Leads via Partnerships Q4FY26 vs Q4FY25. 3. Jun-26 vs Jun-25. 4. GRS operations, excluding sales and Oly. 5. Measured as average over period Oct-25-Jun-26, post full implementation in Sep-25 vs FY25 average. 11
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GRS Novated yield ↓ 4% Flat vs Q4FY26 Q1FY27 Trading update1 12 Growth across all key customer numbers GRS Novated sales ↑ 14% 75% of new novated sales BEV AMS Vehicle remarketing profits ↓ 15% AMS Funded EV units 17% Up 13.6% pts GRS Salary packages 409k ↑ 6.8% PSS Customers 44.1k ↑ 2.7% Strong novated demand and continued shift in customer vehicle preferences GRS Novated leases 95k ↑ 17.5% AMS Fleet units 15.5k ↑ 1.7% 1. All percentage movements are vs prior comparative period unless stated otherwise.
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Supportive environment for growth in our business: Q1FY27 novated lease sales momentum, up 14% Certainty on EV FBT exemption and shifting vehicle preference towards EVs in novated and fleet Demand for salary packaging with continued cost of living and inflationary pressures Remarketing profits to reflect slower asset replacement cycles, elevated demand for EVs and softer demand for ICE used vehicles. Second largest and well positioned Plan Management provider. Continue to engage on emerging NDIS reforms. Continue to deliver productivity gains which will support selective reinvestment in broadening sales capability and enhancing customer value propositions. Ongoing execution of our strategic priorities: (1) excel in customer & partner experience, (2) deliver simplified & scalable solutions, and (3) drive technology & capability enablement. FY27 Outlook Outlook is consistent with commentary provided with FY26 Results Presentation 13
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MMS 2026 Annual General Meeting