Page 1

resimac 25 February 2021 ASX RELEASE Resimac delivers record profit growth , with 1H21 normalised NPAT up 88 % to $ 50.5 million Resimac Group Ltd ( ASX : RMC ) ( " Resimac " and " the Group " ) today announced strong results for the half - year ended 31 December 2020 , reporting a net profit after tax of $ 50.5 million , up 88 % on the prior comparative period ( 1H20 ) . The outstanding performance was driven by a 14 % increase in home loan assets under management compared to 31 December 2019. The cost - to - income ratio decreased 1,100bps to 31.1 % , driving an annualised return on equity of 38.7 % . The Resimac board declared a fully franked interim dividend of 2.4 cents per ordinary share , up by 100 % on 1H20 . 1H21 Results Summary 1H21 1H20 Change Net interest income ( $ m ) 122.1 84.3 up 45 % Statutory NPAT ( $ m ) 50.5 27.2 up 86 % Normalised NPAT * ( $ m ) 50.5 26.9 up 88 % Home loan settlements ( $ b ) 2.1 2.4 down 9 % Home loan assets under management ( $ b ) 12.9 11.3 up 14 % Total assets under management ( $ b ) 15.1 14.2 Earnings per share ( cents ) 12.38 6.69 Return on equity ( % ) ( normalised NPAT ) 38.7 26.0 up 7 % up 85 % up 1,270 bps Cost - to - income ratio ** ( normalised ) ( % ) 31.1 42.1 down 1,100 bps Interim dividend per share ( cents ) 2.4 1.2 up 100 % * Excluding one - off items ** C : 1 Ratio = total expenses ( excl Loan Impairment Expense ) ) / total revenue Scott McWilliam , the Group's Chief Executive Officer , commented on the Group delivering shareholders record profit growth . " I'm pleased to report the Group settled $ 2.14 billion of home loans during the period , despite the continued economic uncertainty arising from COVID - 19 - related lockdowns and border closures . Our assets under management continue to grow steadily and are now in excess of $ 15 billion , making us one of the largest non- bank lenders in Australia . Pleasingly , our portfolio's credit performance has stabilised and we again can report delinquencies and losses below our market peers , including the major banks . " " Our investment in process efficiency and digitalisation continues to generate benefits , as demonstrated by a significant reduction in our cost - to - income ratio to 31.1 % , assisted by strong assets under management and revenue growth whilst keeping operating expenses broadly flat , " he said . resimac.com.au p 1300 764 447 e info@resimac.com.au PO Box H284 Australia Square NSW 1215 Resimac Group Ltd. ABN 55 095 034 003. Australian Credit Licence 247829