Slides
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Annual General Meeting 27 October 2026
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Annual General Meeting| 27 October 2026 Board Raymond van Hulst Managing Director & CEO Michael Green Non-Executive Director and Chairman Karen Phin Non-Executive Director Christine Feldmanis Non-Executive Director
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Annual General Meeting| 27 October 2026 Michael Green Non-Executive Director and Chairman Chairman’s Address
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Annual General Meeting| 27 October 2026 Capital allocation approach • As the company generates incremental free cash flow, the following guidelines established by management and the Board will dr ive liquidity, capital allocation and distribution decisions. • These guidelines will be reviewed semi-annually by management and the Board. • OBL aims to maintain Net Liquidity between 12 and 24 months of forecasted Net Opex 1 and OBL-only deployments. • Net Liquidity = Net Cash + Net Receivables. • Net Receivables = Gross Current Receivables – Gross Current Liabilities. • Net Liquidity below the 12-month threshold will in principle be fully retained. • OBL level cash will continue to be invested in investment grade instruments with short duration. • Net Liquidity within the 12-to-24-month threshold may be retained or distributed. • Based on management assessment and discretion, taking into account overall portfolio maturity and possible exceptional circumstances. • Net Liquidity exceeding the 24-month threshold will in principle be returned to shareholders. • Returns to shareholders will in principle be structured as share buy-backs. • Subject to exceptional circumstances (e.g. COVID, M&A, exceptional balance sheet investment opportunities, etc.). < 12 months 12-24 months > 24 months
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Annual General Meeting| 27 October 2026 Share price performance • OBL’s share price is up 41% since the start of FY25, but continues to trade at a material discount to its book value per share. • Closing this gap through sustained delivery, and the capital allocation approach on the previous slide, remains a key focus f or the Board. Share price performance since the start of FY25 Share price 2 OBL closing share price (A$); indices rebased to OBL’s A$1.11 at 30 June 2024 OBL ASX 300 Small Ords FY25 +20.7% +9.9% +9.2% FY26 +23.1% +2.8% +5.5% Since 30 Jun 2024 +41.4% +13.0% +4.0% Price to book value 0.53x Share price of A$1.57 vs FY26 book value per share of A$2.96 3 Share price returns and price to book as at 26 Oct 2026. 2024 AGM A$1.01 Fund 9 announced 2025 AGM A$1.61 A$1.57 A$0.75 A$1.00 A$1.25 A$1.50 A$1.75 A$2.00 Jun-24 Oct-24 Feb-25 Jun-25 Oct-25 Feb-26 Jun-26 Oct-26 OBL S&P/ASX 300 S&P/ASX Small Ordinaries
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omnibridgeway.com Address by Non-Executive Director & Chairman, Michael Green, to the Annual General Meeting 27 October 2026 Ladies and gentlemen, this year Omni Bridgeway marks forty years of leadership in legal finance. Forty years is a significant achievement by any measure. When we were founded, the industry did not exist in its current form. That legal finance has grown from a niche pursuit into a globally recognised asset class is owed, in no small part, to the track record of pioneers like Omni Bridgeway. That legacy is not incidental to where we stand today. It is the foundation on which everything we are building rests. I am particularly pleased to welcome Edward de Jager, who founded Omni Bridgeway in 1986. Over the forty years since, the company has been through several leadership transitions, and each time it has kept its investment discipline, its track record and its culture intact. Managing leadership transitions successfully is rare among asset managers, and it is one of the reasons fund investors trust us with long-term capital. Edward, thank you. Anniversaries can easily become more backward-looking than they are useful. The Board sees our fortieth year as an opportunity to take stock of what has been built, to draw confidence from it, and to set out clearly why this platform is well placed to continue delivering in the years ahead. Last year, I described FY25 as a year of transition. FY26 has been different in character. The structural work, and the transition from balance sheet funder to asset manager, is now largely complete. We still have some changes to make and product development ahead of us, but the team is executing against a clear strategic agenda, and the effort of prior years is beginning to show in the numbers and in the quality of the business. We entered FY26 with a fully deleveraged balance sheet following the Fund 9 transaction with Ares Management, and a validated fair value framework. That fundamentally changed the risk profile of the business. Raymond will take you through the FY26 results in detail, so I will make only some key points. Statutory profit after tax was A$45.9 million, compared with A$416.8 million last year. The difference is the one-off gain from the Fund 9 transaction in FY25, not a weaker underlying business. The fee income has grown 17% year on year to A$35.4 million while the cash operating expenses decreased by 20% to A$67.1 million, improving our cost coverage ratio. I am pleased with the progress made. This is no longer a business in transition. It is a business in execution. Recognising that distinction is important as shareholders and investors evaluate the outlook for Omni Bridgeway. When I took on the role of Chair following the 2024 AGM, I committed to a more active approach to engagement, with shareholders and, as we become a legal asset management platform, with our fund investors as well. Over the past year, the Board has maintained an active dialogue with institutional shareholders and fund investors, and I thank those of you who have engaged with us. Three themes came through clearly: you wanted simpler and more consistent reporting, improved cost management, and a clear policy on when capital would be returned to shareholders. In response, we have moved to standardised fair value and fair value conversion reporting, cash operating costs fell by 20% this year, and the Board has adopted an explicit capital allocation policy, which I will come to shortly. We also hear broad support for the strategy, and that the external validation provided through Fund 9, together with our 25-year history as an ASX-listed
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Address by Chairman omnibridgeway.com company, are genuine differentiators in the eyes of institutional capital allocators. Alignment between the Board, management, the broader team, shareholders and investors has been central to my tenure. The carried interest program for investment and senior leadership staff, introduced in FY26, is its most tangible expression. Carried interest is, in effect, a performance fee that fund investors pay the manager for returns beyond a benchmark hurdle. When it is earned, it means the funds have performed, our co-investment has delivered a quality return, and value has been generated for the Company as a whole. It is paid only from cash actually realised so it rewards real outcomes rather than paper gains. The Board will keep monitoring the program. Board renewal is also on our agenda. With a four-person Board, we are searching for an additional non-executive director, and we will keep shareholders informed. In FY26 the Board encouraged investment in senior leadership talent with diverse skillsets and professional backgrounds, while supporting a measured approach to overall operating costs. The cultural shift toward a fund management mindset has continued to take hold, in how the team approaches investment decisions and how it engages with fund investors. This greater external focus, while maintaining the quality of our investment decision- making, is already beginning to be reflected in our results. The legal finance industry continues to consolidate, and in the Board’s assessment this is a long-term positive for Omni Bridgeway. Institutional capital allocators are concentrating their allocations with managers that have proven track records, diversified portfolios and the infrastructure to operate across economic cycles. Raymond will speak to how this is showing up in our pipeline. The Board is confident in the strategic direction of the business, in the leadership team executing against that direction, and in the market position Omni Bridgeway occupies. Capital allocation is the question shareholders have most consistently asked the Board. The policy adopted is on the slide. We aim to hold enough liquidity to fund our operations and commitments over the next 12 to 24 months. If net liquidity, being net cash and net receivables together, exceeds the 24-month threshold, we will in principle aim to return the excess to shareholders. The Board shares Raymond’s view that our strategy is not complete until we have built a demonstrable record of returning capital. As the portfolio moves toward a steady state, generating a consistent base of positive free cash flow, we expect that to be in a position to deliver on that commitment. To our shareholders: the Board is mindful of what remains to be done. Closing the gap between our share price and the intrinsic value of the business remains an important objective. The market has begun to recognise our progress. Since the start of FY25, our share price has risen 41%, from A$1.11 to A$1.57 as at 26 October, compared with 13% for the S&P/ASX 300 and 4% for the S&P/ASX Small Ordinaries. The OBL share price out-performed both indices by 21% in FY25 and 23% in FY26. The share price has eased since 30 June, and the Board is conscious that shareholders who joined more recently have not yet shared in that progress. At 30 June 2026 our net assets were A$2.96 per share, while our share price today is around half of that figure. Sustained delivery, rather than any single event, is the most reliable path to closing that gap, and the Board expects the progress made in FY26 to continue in FY27. I thank you for your patience and support. Forty years in, Omni Bridgeway is a stronger business than it has ever been. The platform is well governed, the team is capable and aligned, the balance sheet is debt free, and the market opportunity is large and growing. Finally, I want to thank my fellow directors, our CEO Raymond van Hulst, and the entire Omni Bridgeway team for the significant effort they have put into executing our strategy during FY26. The progress I have described today is the product of that effort. The Board looks to the years ahead with measured confidence. Thank you for your continued support. It is now my great pleasure to hand over to Raymond to share his thoughts on the 2026 financial year and his plans for the year ahead.
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Annual General Meeting| 27 October 2026 Raymond van Hulst Managing Director and CEO
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Annual General Meeting| 27 October 2026 Highlights – Business performance (for the 12 months ended 30 June 2026) Statutory accounts (IFRS) 4 OBL-only (Non-IFRS) Equity metrics Total income A$182.2m Total income A$116.5m Total book value per share (IFRS)3 A$2.96 per share Down 1% on FY25 NPBT A$48.2m Fee income A$35.4m Up 17% on FY25 Return on equity 5 8.0% Attributable to OBL shareholders NPAT A$45.9m Cash opex A$67.1m Down 20% on FY25 Earnings per share (IFRS) 6 A$0.19 per share
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Annual General Meeting| 27 October 2026 − Continued growth of investment completions over several years. − Record investment proceeds of A$351m in FY26. − Strong start to FY27. Executing the plan Sustainable growth Phase 3 - Early stages Execution Phase 2 - In progressPhase 1 - Completed Restructuring - Transition Deleveraged the balance sheet − Repaid A$250m debt in full and eliminated ~A$30m of annual interest expense. − Moved from net-debt to net-cash. − Settled last A$28m legacy balance sheet liability. − Reduced cash opex by >30% (~A$30m). − Increased fee income by >100% (~A$18m), on track for further increase. − Cost coverage increased from 17% to 53%. − Increased operating leverage: higher commitments, at materially lower opex. Improved cost coverage − Reduction of OBL co-invest. − Reporting aligned with asset management industry. − Validated fair value framework. − Implemented team carried interest program. Capital-light asset management model − Raised >A$1.6bn in fund and sidecar capital. − Increased capital flexibility. − Addition of Ares and other high-profile institutional investors as capital partners. − Strong capital availability during economic transition and industry consolidation period. Successful capital formation − Growth through further expansion of existing strategies and markets. Continued acceleration of cash completions On track for 70% cost coverage target by FY28 − Supported by growth in AUM and improving fee terms. − Record commitments in FY26 of A$712m. − Pipeline and term sheets at elevated levels. Capitalising on improved pricing & opportunity set − Growth by expanding into new strategies and markets. − Growth through increased capital availability and flexibility.
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Annual General Meeting| 27 October 2026 Deployments Proceeds • Chart shows proceeds and deployments by year of final completion. All deployments and all prior partial completions for appli cable investments are included in the completion vintage. • Consistent with vintage analysis by year of origination in demonstrating consistent and high MOIC / ROIC over multiple econom ic cycles. • Demonstrates increasing completion momentum of the recent periods. • The reduced completions for the vintages FY20 to FY23 show the impact of COVID court closures and backlogs during that period . Vintage analysis by year of completion 7, 8 Fully completed investments only, with prior partial completions included with final completion Pre FY02 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 ROIC 231% 469% 203% 549% 372% 457% 296% 265% 189% 79% 215% 254% 187% 226% 62% 348% 130% 78% 132% 140% 113% 68% 103% 80% 107% 143% MOIC 3.3x 5.7x 3.0x 6.5x 4.7x 5.6x 4.0x 3.7x 2.9x 1.8x 3.1x 3.5x 2.9x 3.3x 1.6x 4.5x 2.3x 1.8x 2.3x 2.4x 2.1x 1.7x 2.0x 1.8x 2.1x 2.4x LTD ROIC 138% LTD IRR 67% As at 30 June 2026, A$m (Full completions only)
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Annual General Meeting| 27 October 2026 Assets under management (AUM) 9 A$5.9bn Up 12% from 30 June 2025 Total proceeds A$350.5m A$54.1m of OBL-only proceeds Portfolio fair value 10, 11 A$3.8bn A$725m of OBL-only fair value Fair value conversion 12 105% Across all 80 full and partial investment completions during the period New fair value added A$564.4m from A$712.2m in new commitments 5-Year trailing IRR13, 14 40% Across all full and partial investment completions FY26 MOIC 15 2.3x Across all 80 full and partial investment completions Investments Realisations Highlights – Investment performance (for the 12 months ended 30 June 2026)
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Annual General Meeting| 27 October 2026 Total proceeds A$135.8m 1Q26: 136.6m Fee income A$10.7m +24% on 1Q26 1Q27 MOIC 15 3.9x 2-year trailing avg: 2.5x New commitments added A$87.1m +24% on 1Q26 Fair value conversion 12 102% 2-year trailing avg: 104% Pipeline A$416.6m 1Q26: 317.8m 16.6 25.4 30.3 35.4 10.7 FY23 FY24 FY25 FY26 FY27 97.6 89.7 84.1 67.1 15.7 FY23 FY24 FY25 FY26 FY27 Actual Forecasted Highlights – 1QFY27(for the 3 months ended 30 September 2026) (A$m) Fee income increased Opex controlled (A$m) 40-45 72.5-75
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Annual General Meeting| 27 October 2026 World’s leading alternative asset manager dedicated to legal finance The most diversified and institutional platform for primary origination, underwriting and management of legal assets and risk. Growth drivers and direction Sustainable growth within the parameters of capital-light strategy, increasing cost coverage and our capital allocation policy Growth by adding strategies E.g. Middle East, LATAM China, Korea, India, etc Investment types Legal Credit Legal Insurance Structured Finance Areas of law NPLs Insolvencies Others Geographies / Jurisdictions Current scope Geographies / Jurisdictions US/Canada UK/EMEA ANZ Others Areas of law Intellectual Property Legal Enforcement Intl. Arbitration Others Investment types Litigation funding Portfolio financing Claims monetisation Others Growth by expanding existing strategies Continued underlying growth of legal services industry Continued increase of legal finance adoption by legal services industry Continued increase of OBL's market share supported by market consolidation
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Annual General Meeting| 27 October 2026 FY27 strategic projects • Continued acceleration of portfolio completions. • Increase market share in key markets, capitalising on market consolidation. • Further expansion and diversification of: – sidecar capital arrangements. – legal asset investment strategies: geographies, areas of law and investment types (equity, insurance and debt type capital solutions across all verticals). – shareholder base and analyst coverage. • Possible smaller strategic secondary market transactions on an ongoing basis. • Continued balance sheet transition via deconsolidation of Funds 6 and 8. Strategic projects and operational targets FY26 delivery Targets for FY27 and beyond Double-digit annualised growth in AUM over the period FY26 – FY28 70% cost coverage from fee income by end of FY28 A$40 – 45 million fee income for FY27 A$72.5 – 75 million cash opex for FY27 A$67.1m opex 16% below FY26 budget; 20% below FY25 A$35.4m fee income in line with FY26 budget; 17% above FY25 A$350.5m investment proceeds up 49% on FY25 US$1.0bn Series II fund raise closed at full fund target
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Annual General Meeting| 27 October 2026 Acknowledgements
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omnibridgeway.com Address by Managing Director & CEO, Raymond van Hulst, to the Annual General Meeting 27 October 2026 Thank you, Michael, and good morning everyone. On behalf of Omni Bridgeway's leadership team and our staff globally, I welcome you to the 2026 Annual General Meeting. As Michael noted, this is a milestone year for our company, marking 40 years in legal finance and 25 years listed on the Australian stock exchange. It has also been a year of records: record new commitments, record investment proceeds, and record fund capital raising. Delivering on our FY26 priorities At last year’s AGM, I outlined the near-term drivers against which you could measure our progress: disciplined cost management towards our FY26 budget of A$80 million, continued growth of our fee income towards our FY26 target of A$35 million, cash conversion of the fair value of our book, and completion of the USD 1 billion fund raise for our flagship funds series II. I am pleased to report that we achieved or exceeded each of these operating and capital formation targets: • Cash operating expenses came in at A$67.1 million, 16% below our budget and a 20% reduction on FY25 – achieved while maintaining our investment origination capability as evidenced by our record new commitments. • Fee income grew by 17% to A$35.4 million, meeting our target for the year. • As a result, our cost coverage from fee income increased from 36% to 53%, exceeding our FY26 target. Three years ago, this ratio stood at 17%. • Our portfolio generated record cash investment proceeds of A$350.5 million, up 49% on FY25, excluding the Fund 9 transaction, with completions converting at 105% of their previously reported fair value. • And importantly, Funds 4/5 Series II closed at its full US$1 billion target, with investors representing 99% of Series I commitments reinvesting, and US$543.5 million added during the year. Our strategy: what we set out to do, and what we delivered When we presented our strategy at our Investor Day in March 2024, we committed to accelerate our move to a capital-light asset management model, improve our cost coverage, deleverage the balance sheet, and simplify our reporting to align it with how we manage the business. Beyond that, we set out a path to a steady-state model, to capital formation and growth, and ultimately to returning capital to shareholders. This is what we have delivered against those objectives: • The Fund 9 transaction allowed us to repay our debt in full, increased our cost coverage, independently validated our fair values and led to the deconsolidation of most of our funds, which simplified our balance sheet in line with asset management. • We managed costs and increased our fee income, which puts us on track for our cost coverage
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Address by Managing Director and CEO omnibridgeway.com target. • We moved to standardised fair value and fair value conversion reporting, so the market can measure our portfolio and our results on a consistent basis. • The Board adopted an explicit capital allocation policy, which Michael described earlier. • We introduced a carried interest program that better aligns our team with shareholders and fund investors, and better aligns our operating costs with successful investment completions and actual cash proceeds. • We raised significant new third-party fund capital, at improved terms, which supports our growth and further increases our cost coverage. • And we are on track for the steady-state model, which opens the possibility of returning capital to shareholders under that policy. Michael described Omni Bridgeway as a business in execution, and this is what that means in practice. Defining a strategy is the easier part of the work. Executing it is materially harder, and that is where we have spent the past three years. The next phase is about consolidating our leading market position and controlled growth, within the strategic parameters we have set ourselves: cost coverage, a capital-light model, and in support of our capital allocation policy. The foundation of our company remains our ability to generate attractive, uncorrelated cash returns from legal assets. We are proud of our track record of a 2.4x multiple on invested capital, or MOIC, across more than 800 completed investments, delivered over multiple decades and multiple economic cycles. The chart shows the returns on our completed investments by the year in which they completed, going back more than 25 years. Every one of those years has delivered a strong positive return. There has not been a single negative year, including during the global financial crisis or COVID, and neither has the transition to funds management or the scale up impacted on our realized returns. This is a testament to our expertise, our underwriting discipline, and ultimately our ability to generate uncorrelated returns over time. And it is the driver for allocators to trust us with their capital. Fund and investment management operations for FY26 In FY26, we recorded 80 full and partial investment completions, achieving a MOIC of 2.3x, again in line with the historical track record indicated. Together with the independent validation provided by the Fund 9 transaction in FY25, our 105% fair value conversion ratio continues to underpin confidence in our portfolio fair value, which grew during the year to A$3.8 billion, including A$725 million attributable to OBL-only – notwithstanding the headwind from a stronger Australian dollar on reported numbers. New investment activity was equally strong. New commitments reached a record A$712.2 million across 43 new investments, up 38% on FY25 and adding A$564.4 million in new portfolio fair value. This growth was achieved on a 20% lower cost base, which shows the operating leverage now building in our platform. We also received A$6.6 million in cash carried interest – an early contribution from what we expect to become a substantial, recurring revenue component given the increasing maturity of our funds portfolio. Not every metric landed where we had projected. OBL- only investment proceeds at 30 June were below our anticipated range because several completions fell just after year end. Duration remains largely an uncontrolled factor in legal assets, which is why we continue to build a larger and more diversified portfolio, so that our cash flow depends less on the timing of individual matters. The momentum in our portfolio has continued into FY27. This morning, we released our investment portfolio report for the first quarter, to 30 September. We recorded 20 full and partial completions, generating A$135.8 million in investment proceeds, with completions converting at 102% of their previously reported fair value. The MOIC for completions in the quarter was 3.9x. Management fees were A$10.7 million, on track to meet the target for the year. We received A$9.4 million in cash carried interest in the quarter alone, with a further
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Address by Managing Director and CEO omnibridgeway.com approximately A$8.6 million accrued on our Series II funds and not yet distributed. We added A$81.2 million of new fair value across 9 new investments in the quarter, and we have 46 agreed exclusive term sheets, representing an estimated A$416.6 million in new commitments if contracted. That is materially higher than our historical average. The more mature part of the portfolio is also encouraging. Fifty-six investments, representing more than A$1 billion of portfolio fair value, are now at a late stage: agreed settlements awaiting finalisation, settlement discussions, positive awards or judgments under challenge or in enforcement, or a decision expected within three months. The timing and outcome of each remains uncertain, and none is counted as a completion until the cash is received or is highly certain and imminent. But it gives us a strong base for completions through the coming quarters. Capital formation Our assets under management grew by 12% to A$5.9 billion across 11 funds. The capital raise for Funds 4/5 Series II had a strong outcome, reaching its full US$1 billion target with a 99% reinvestment rate, in a market that remained difficult for fundraising across alternative assets. That capital raise also broadened our investor base and improved our fee terms. Alongside our existing fund investors, we welcomed new institutional investors as long-term capital partners. In total, we raised A$862 million in new third-party capital during FY26, including A$72.5 million in additional fee- paying sidecar capital, with approximately A$175 million of further sidecar capital in diligence at year end. Several of our new institutional investors have indicated an intention to materially increase their commitments to Omni Bridgeway through sidecars, new funds and new verticals. We see this as a strong endorsement of our platform. Our capital raising continues to benefit from advantages that are unique in our industry: a leading track record across multiple economic cycles, a genuinely global origination platform that enables appropriate diversification and, as Michael noted, the transparency that comes with 25 years as a listed company. Industry developments Michael spoke about the consolidation of our industry. For Omni Bridgeway, that consolidation is now directly visible in our own pipeline. We are seeing both a growing volume of high-quality opportunities and improved risk-adjusted pricing. We ended the year with 43 agreed exclusive term sheets, representing an estimated A$407.8 million in new commitments if contracted – an exceptionally strong pipeline that underpins our momentum into FY27. Strategic outlook We operate where legal risk meets capital. We fund legal costs on a non-recourse basis, through litigation funding and portfolio finance, and we invest in legal risk, by purchasing, monetising or guaranteeing claims, awards and judgments. We do this globally, with expertise and teams in many jurisdictions and areas of law, and we originate, underwrite and manage our investments ourselves. Forty years in this business has also taught us to successfully adapt, and the industry and markets are quite different today from what they were 25 years ago. That ability to adjust is what gives us confidence as we further expand our activities within legal assets. Our strategic focus is unchanged: to strengthen our position as the world’s leading, institutional-grade investment manager dedicated to legal assets. The slide shows the two ways in which we will seek to expand. The first is growth by expanding our existing strategies, as the legal services industry grows, adopts legal finance more widely and consolidates. The second is growth by adding strategies: new geographies such as the Middle East, Latin America and parts of Asia; new areas of law such as non-performing loans and insolvencies; and new investment types around legal risk, including structured finance, legal credit and legal insurance. Growth will not come at the expense of discipline. All of this will be managed within the parameters of our capital- light strategy, our cost coverage targets and our capital allocation policy. As you can see on this slide, our targets for FY27 and beyond are:
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Address by Managing Director and CEO omnibridgeway.com Fee income of A$40 to A$45 million for FY27, supported by growth in assets under management and improving fee terms; Cash opex of A$72.5 to A$75 million for FY27. Together, these ranges imply further cost coverage improvement, with a target of 70% cost coverage from fee income by the end of FY28; and Double-digit annualised growth in assets under management over the period FY26 to FY28. Alongside these targets, we will continue to focus on accelerating portfolio completions, expanding our sidecar capital arrangements, and continuing our balance sheet transition through the possible deconsolidation of Funds 6 and 8. To our shareholders Michael has spoken about the gap between our share price and the intrinsic value of the business, and I share the Board’s view that sustained delivery is the most reliable way to close it. The destination of our strategy is a steady state in which a highly diversified book generates a consistent baseline of positive free cash flow, rather than depending on the timing of individual completions. We are not there yet, but FY26 brought us closer, and the portfolio is currently on track to deliver positive free cash flow for FY27. As balance sheet liquidity builds beyond what the business requires over a 12-to-24-month period, we expect a proportion of that cash flow to become available for return to shareholders, under the capital allocation policy Michael described. In my view, the strategic execution is not complete until we have achieved a demonstrable record of returning capital to shareholders. Acknowledgements At last year’s AGM, I said I looked forward to celebrating 40 years of Omni Bridgeway with you. This milestone year belongs to our team. Forty years of leadership in legal finance is the accumulated work of generations of colleagues. To our team globally: the discipline and drive you showed in FY26 has set the standard for our next chapter. Thank you. To our fund investors, whose capital has taken us to A$5.9 billion in assets under management, thank you for your continued confidence. To our shareholders, we are fortunate to have a high-quality register of loyal investors, and we are focused on rewarding that loyalty. Finally, I want to thank Michael and the Board for their guidance and support throughout the year. Forty years after this company was founded, and twenty- five years after it listed, Omni Bridgeway is debt free, covering its operating costs from realised income, managing a record book with a materially lower cost base, and holding a fully raised flagship fund programme as a market leader in a growing but consolidating industry. That is a good position to start FY27 from. Thank you all for your continued support. I will now hand back to Michael to continue with the formal business of the meeting. For more information, please contact: Michael Green Chairman Link House, Level 2, 78 Cowcross Street, London EC1M 6EJ mgreen@omnibridgeway.com Raymond van Hulst Managing Director & CEO Rue de la Rôtisserie 4 1204 Geneva +41 22 818 6300 rvanhulst@omnibridgeway.com
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Annual General Meeting| 27 October 2026 Footnotes 1 Net Opex = Gross opex – Forecasted Management Fees 2 Returns based on daily closing prices (Nasdaq IR Insight). S&P/ASX 300 and S&P/ASX Small Ordinaries are price indices. 3 Refers to the IFRS net assets divided by the total number of ordinary shares. Note that Funds 6 and 8 are accounted for at cost under IFRS. 4 No prior corresponding period (“PCP”) comparison is provided as the current period reflects an accounting change. As a result, amounts are not directly comparable to the prior corresponding period. 5 ROE is calculated as Profit After Tax attributable to equity holders of the parent divided by average equity attributable to the parent. 6 EPS is calculated as NPAT attributable to equity holders of the parent divided by the weighted average number of ordinary shares. 7 Includes full completions since inception, excluding partial completions, Fund 1 sales, Withdrawals and Extraordinary Investments. 8 Three investments have been moved out of ‘completed’ status, as further income has been or is expected to be received. 9 AUM equals the sum of all cash, undrawn capital commitments, and the fair value of the active investments across all funds and Sidecars. 10 Includes IC approved unconditional and conditional investments. 11 NPV of loss-adjusted probability-weighted investment cashflows of the total investment portfolio. Refer to the Introduction to Omni Bridgeway and Analyst Data Pack for details of Omni Bridgeway's fair value methodology and framework. 12 The fair value conversion ratio indicates the net value of investment deployments and investment proceeds received from investments (partially) completed since the date of the last reported portfolio fair value, divided by the last reported total fair value of the applicable (partial) investments. 13IRR is calculated including all full and partial completions of investments for the relevant period, excluding Fund 1 sales, Withdrawals and Extraordinary Investments. 14 IRR at fund level is calculated using actual sequencing of investments and associated cashflows within a fund. IRR for subsets of investments across funds (including vintages, LTD, or other time periods) is calculated using zero-based IRR methodology, which has each investment start at T=0 within the subset. 15 MOIC includes full and partial completions recognised during the relevant period (FY26 or 1Q27). 16 Refer to Completion of Fund 9 Transaction (Continuation Fund).
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Annual General Meeting| 27 October 2026 • The investments of Fund 6 and Fund 8 are consolidated within the Group Consolidated Financial Statements, along with the interest of the respective external Fund investors if applicable. • References to OBL-only reflect the amounts attributable to equity shareholders excluding the external Fund investors’ interest. • The material in this presentation has been prepared by Omni Bridgeway Limited (OBL) and is general background information about OBL's activities. The information is given in summary form and does not purport to be complete. • A number of terms which may be used in this presentation including, but not limited to: investment income, MOIC, fair value, fair value conversion ratio, net cash generation, operational cash expenditure, success rate on dollar weighted average, IRR, actual and budgeted commitments, and various OBL-only information are categorised as non-IFRS information prepared in accordance with ASIC Regulatory Guidance 230 – Disclosing non- IFRS financial information, issued in December 2011. This information has not been audited or reviewed by BDO unless expressly stated and have been included because management and the Board consider that they assist the reader's comprehension of business and its financial performance and key drivers. • Capitalised terms not defined within this presentation have the meanings given to such terms in OBL's glossary which can be found at https://omnibridgeway.com/investors/omni-bridgeway-glossary and should be consulted for further detail. • This presentation contains certain forward-looking statements that can generally be identified using forward-looking words such as, “expect”, “anticipate”, “likely”, “intend”, “should”, “could”, “may”, “predict”, “plan”, “propose”, “will”, “believe”, “forecast”, “estimate”, “target” and other similar expressions. Estimates of, indications of, and guidance or outlook on, future earnings or financial position or performance are also forward- looking statements. Forward-looking statements are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. Forward-looking statements involve known and unknown risks, uncertainties, assumptions, and contingencies which are subject to change without notice, in the same manner as statements about market and industry trends which are based on interpretations of current market conditions. Actual results, performance or achievements may vary materially from any forward-looking statements and the assumptions on which statements are based. Except as required by law or regulation, OBL disclaims all obligations to update publicly any forward-looking statements, whether as a result of new information, future events, or results or otherwise. • This presentation is provided for general information purposes. The information in this presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for or purchase any Omni Bridgeway securities. Neither the information in this presentation nor any part of it shall form the basis of or be relied upon in connection with any future offer of Omni Bridgeway securities or act as an inducement to enter into any contract or commitment whatsoever. • To the maximum extent permitted by law, no representation or warranty is given, express or implied, as to the accuracy of the information contained in the presentation. • The information in this presentation is not investment advice and has been prepared without taking into account your investment objectives, financial situation or particular needs (including financial and taxation issues). It is important that you read and consider the terms of any Omni Bridgeway securities in full before deciding to invest in such securities and consider the risks that could affect the performance of those securities. • If you have any questions, you should seek advice from your financial adviser or other professional adviser before deciding to invest in Omni Bridgeway securities. • By providing the material in this presentation Omni Bridgeway is not in any way making forecasts, predictions or providing earnings guidance and nothing in this presentation should be relied on as doing so. • All figures are in Australian Dollars (AUD, A$) unless otherwise stated. • US Ownership Restriction – the ordinary shares of Omni Bridgeway are subject to ownership restrictions applying to residents of the United States. For further information, see the Investors section of our website or click https://omnibridgeway.com/investors/us-ownership-restriction • This presentation is for the use for Omni Bridgeway’s public shareholders and is not an offering of any Omni Bridgeway private fund. Disclaimer Notes
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Annual General Meeting| 27 October 2026 Americas Asia-Pacific Europe, Middle East & Africa Houston +1 713 965 7919 LyondellBasell Tower 1221 McKinney Street Suite 2860 Houston TX 77010 United States Los Angeles +1 213 550 2687 For assistance with funding, please contact fchaney@omnibridgeway.com Miami +1 786 891 2228 For assistance with funding, please contact bmiranda@omnibridgeway.com New York +1 212 488 5331 437 Madison Avenue 36th Floor New York NY 10022 United States San Francisco +1 415 231 0363 50 California Street Suite 2930 San Francisco CA 94111 United States Washington, D.C. +1 771 213 5181 2101 L Street, N.W. Suite 925 Washington, D.C. 20037 United States Montreal +1 514 257 6971 240 rue Saint-Jacques, Suite 906, Montreal QC H2Y 1L9 Toronto +1 416 583 5720 250 The Esplanade Suite 127 Toronto ON M5A 1J2 Canada São Paulo For assistance with funding, please contact our Latin America team latam@omnibridgeway.com Melbourne +61 3 9913 3301 Level 2 377 Lonsdale Street Melbourne, VIC 3000 Perth +61 8 9225 2300 Level 10 66 St Georges Terrace Perth WA 6000 Australia Sydney +61 2 8223 3567 Level 7 35 Clarence Street Sydney NSW 2000 Australia Hong Kong +852 3978 2629 11/F Tower 2 Admiralty Centre 18 Harcourt Rd Admiralty Hong Kong Singapore +65 6813 2647 Level 13-03 6 Battery Road Singapore 049909 Auckland +64 21 990 620 Level 12, 2 Commerce St, Auckland, 1010 New Zealand Amsterdam +31 70 338 4343 Schiphol Boulevard 121 1118 BG Schiphol Amsterdam The Netherlands Cologne +49 221 801155-0 Juelicher Straße 5 50674 Cologne Germany Geneva +41 22 818 6300 Place du Bourg de Four 4, 1204 Genève London Link House 78 Cowcross Street London EC1M 6EJ United Kingdom Milan +39 339 448 3907 Via Fatebenefratelli, 5 20121 Milano MI Italy Paris +33 6 5159 4359 128 rue La Boétie 75008 Paris France Dubai +971 4 514 4608 Gate Village 10, Office 32, Level 7 DIFC Dubai, UAE Tel Aviv For assistance with funding, please contact our team MEA@omnibridgeway.com