Slides
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31 October 2025 Steadfast Group 2025 Annual General Meeting For personal use only
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Contents Chair’s address03 2025 Annual General Meeting 2 16 Incoming Chair’s address 19 2025 Annual General Meeting Resolutions For personal use only
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Frank O’Halloran AM Non-Executive Chair For personal use only
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4 Steadfast Group Increase in underlying NPAT up 17.2% and final dividend up 14.0% Underlying revenue of $1,825.7m up 8.9% Underlying EBITA of $591.4m up 11.9% Underlying NPATA of $346.2m up 14.5% Underlying diluted EPS (NPAT) of 26.7 cps up 14.2% Statutory NPAT of $334.9m (FY24 $228.0m) Underlying NPAT of $295.5m up 17.2% Final dividend (fully franked) to 11.7 cps up 14.0% Total dividend (fully franked) to 19.5 cps up 13.0% For personal use only
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Steadfast Group 1 Excludes UnisonSteadfast, ISU Steadfast and HWS Specialty. 2 FY24 has been re-stated from comparison purposes, with GWP from PSC, Honan and Envest brokers excluded from 1 July 23. Underlying NPAT ($m) Steadfast Australasian Networks GWP ($b) 1,2 Underlying diluted EPS (NPAT) (cents per share) Steadfast Underwriting Agencies GWP ($b) Underlying EBITA ($m) 0 100 200 300 400 500 600 700 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 0 50 100 150 200 250 300 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 0 5 10 15 20 25 30 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Underlying NPATA ($m) 0 50 100 150 200 250 300 350 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 0 2 4 6 8 10 12 14 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 2 0.0 0.5 1.0 1.5 2.0 2.5 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Continued strong track record since listing on ASX 5 For personal use only
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Board of Directors Steadfast Group 6 Frank O’Halloran AM, Non-Executive Chair (independent) • Former Chief Executive Officer of QBE Group • Over 49 years’ experience in the insurance industry • Worked at QBE for 35 years including 14 years as CEO • Inducted into the International Insurance Hall of Fame in 2010 Robert Kelly AM, Managing Director & CEO (currently standing aside) • Co-founded Steadfast in April 1996 • Over 52 years’ experience in the insurance industry • Qualified Practicing Insurance Broker, a Fellow of NIBA, a Senior Associate of ANZIIF, a Certified Insurance Professional, a Fellow of the ACID and the Chair of the ACORD Board in New York • Awarded the ANZIIF Lifetime Achievement award in 2025 Vicki Allen, Non-Executive Director (Incoming Chair) (independent) Chair Remuneration & Performance Committee • Over 30 years’ experience in financial services and property sectors • Non-Executive Director of ING Bank Ltd, T Corp, GPT Funds Management Ltd and New Forests Pty Ltd Andrew Bloore, Non-Executive Director (independent) • Over 35 years’ experience in the Australian superannuation administration, insurance and technology sectors • Chair of Guild Group and its subsidiaries • Director of Insignia Financial Ltd (ASX:IFL) and Simonds Ltd. Joan Cleary, Non-Executive Director (independent) Chair Audit & Risk Committee • Over 30 years’ finance and leadership experience in the general insurance and reinsurance industry • Non-Executive Director of Lawcover Insurance Pty Ltd and Gordian RunOff Ltd Michael Goodwin, Non-Executive Director (independent) • Over 25 years’ experience in the insurance industry, having held senior executive roles in Australia and the Asia Pacific region • Non-Executive Director on three Steadfast Singapore entities - Steadfast Distribution Services Pte Ltd, NCI Brokers (Asia) Pte. Ltd and Galaxy Insurance Consultants Pte Ltd. • Non-Executive Director of Hiscox Ltd (LSE: HSX) Gai McGrath, Non-Executive Director (independent) Chair People, Culture & Governance Committee • Over 35 years’ financial services and legal industries • Director of HBF Health, Insignia Financial Ltd (ASX:IFL) and Waypoint REIT (ASX:WPR) Greg Rynenberg, Non-Executive Director • Over 43 years’ experience in general insurance broking industry, with 39 years running his own business, East West Group • East West Group is a Steadfast Network broker not owned by Steadfast • Qualified Practising Insurance Broker, a Fellow of NIBA and Associate of ANZIIF For personal use only
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Vicki Allen Incoming Chair For personal use only
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Voting Use the track ball to highlight the resolution you wish to vote on and press Press to display the voting options Press 1 to vote FOR, 2 to vote AGAINST or 3 to ABSTAIN Press to move on to the next resolution or to return to the full list of resolutions In Room Online Select the voting icon Your selected option will change colour Select your voting preference for each resolution You can change your vote until the poll is closed 8 1 2 3 4 1 2 3 4 For personal use only
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How to ask a Question - Online Click ‘Request to Speak’ Enter the topic of your question Click ‘Submit Request’ Click ‘Join Queue’ and follow the audio prompts By audio By text Select the messaging icon Press the send button to submit your message Type your question in the ‘Ask a question’ box Select ‘My Messages’ to view your submitted messages along with any written responses 9 1 2 3 4 1 2 3 4 For personal use only
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2025 AGM resolutions 10 For personal use only
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Consideration of Financial Statements and Reports To consider and receive the Financial Report, the Directors’ Report and Auditor’s Report of Steadfast for the financial year ended 30 June 2025. There is no vote on this item. 2025 Annual General Meeting Resolution 1 11 For personal use only
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Re-election of director – Ms Joan Cleary To consider and, if thought appropriate, pass the following resolution as an ordinary resolution: "That Ms Joan Cleary be re-elected as a Director of Steadfast.” 2025 Annual General Meeting Resolution 2 For Open1 Against Abstain Number of votes 755,672,671 1,147,853 33,507,404 26,294 % 95.62 0.15 4.24 12 1 Primarily held by the Chair of the Meeting For personal use only
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Election of director – Mr Michael Goodwin To consider and, if thought appropriate, pass the following resolution as an ordinary resolution: "That Mr Michael Goodwin be elected as a Director of Steadfast.” 2025 Annual General Meeting Resolution 3 For Open1 Against Abstain Number of votes 786,502,377 1,147,853 2,584,112 35,238 % 99.53 0.15 0.33 13 1 Primarily held by the Chair of the Meeting For personal use only
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Adoption of the 2025 Remuneration Report To consider and, if thought appropriate, pass the following resolution as an advisory resolution: "That the Remuneration Report of Steadfast for the financial year ended 30 June 2025 be adopted.” The vote on this item does not bind either Steadfast or its Directors. 2025 Annual General Meeting Resolution 4 For Open1 Against Abstain Number of votes 661,041,491 1,113,114 118,927,901 2,894,411 % 84.63 0.14 15.23 14 1 Primarily held by the Chair of the Meeting For personal use only
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FY25 - grant of equity to Mr Robert Kelly AM, Managing Director & CEO To consider and, if thought appropriate, pass the following resolution as an ordinary resolution: “That the following be approved for the purposes of ASX Listing Rule 10.14 and for all other purposes: a) the grant to Mr Robert Kelly AM of deferred equity awards under Steadfast’s long-term and short-term incentive schemes in relation to Mr Kelly's FY25 remuneration; and b) the transfer (or issue) to and acquisition by Mr Robert Kelly AM of fully paid Steadfast ordinary shares in relation to Mr Kelly's FY25 remuneration on vesting and exercise of the relevant deferred equity awards, as set out in the Explanatory Notes which form part of this Notice of Meeting. 2025 Annual General Meeting Resolution 5 For Open1 Against Abstain Number of votes 779,124,917 981,874 7,102,656 108,859 % 98.97 0.12 0.90 15 1 Primarily held by the Chair of the Meeting For personal use only
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FY24 - grant of equity to Mr Robert Kelly AM, Managing Director & CEO To consider and, if thought appropriate, pass the following resolution as an ordinary resolution: “That the following be approved for the purposes of ASX Listing Rule 10.14 and for all other purposes: a) the grant to Mr Robert Kelly AM of deferred equity awards under Steadfast’s long-term incentive scheme in relation to Mr Kelly's FY24 remuneration; and b) the transfer (or issue) to and acquisition by Mr Robert Kelly AM of fully paid Steadfast ordinary shares in relation to Mr Kelly's FY24 remuneration on vesting and exercise of the relevant deferred equity awards, as set out in the Explanatory Notes which form part of this Notice of Meeting” 2025 Annual General Meeting Resolution 6 For Open1 Against Abstain Number of votes 779,111,380 991,493 7,107,374 108,059 % 98.97 0.13 0.90 16 1 Primarily held by the Chair of the Meeting For personal use only
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Approval of termination benefits for Mr Robert Kelly AM, Managing Director & CEO To consider, and if thought appropriate, pass the following resolution as an ordinary resolution: ““That for the purposes of sections 200B and 200E of the Corporations Act 2001 (Cth) and for all other purposes, the giving of all benefits to Mr Robert Kelly AM referred to in resolutions 5 and 6 in connection with Mr Robert Kelly AM ceasing to hold an office or position of employment with Steadfast or a related body corporate in circumstances of death, genuine retirement, redundancy or total and permanent disablement, as set out in the Explanatory Notes which form part of this Notice of Meeting, be approved.” 2025 Annual General Meeting Resolution 7 For Open1 Against Abstain Number of votes 781,611,110 983,125 4,650,072 73,999 % 99.28 0.12 0.59 17 1 Primarily held by the Chair of the Meeting For personal use only
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Approval of termination benefits generally To consider, and if thought appropriate, pass the following resolution as an ordinary resolution: “That for the purposes of sections 200B and 200E of the Corporations Act 2001 (Cth) and for all other purposes, the giving of all benefits up to and including 30 September 2028 in connection with share awards relating to the three financial years ending 30 June 2026, 2027 and 2028 respectively to current or future key management personnel (KMP) of Steadfast or persons who hold a managerial or executive office in Steadfast or a related body corporate other than Mr Robert Kelly AM in connection with that person ceasing to hold an office or position of employment with Steadfast or a related body corporate in circumstances of death, genuine retirement, redundancy or total and permanent disablement, as set out in the Explanatory Notes which form part of this Notice of Meeting, be approved.” 2025 Annual General Meeting Resolution 8 For Open1 Against Abstain Number of votes 783,028,596 1,696,810 4,652,781 64,230 % 99.20 0.21 0.59 1 Primarily held by the Chair of the Meeting 18 For personal use only
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Questions 19 For personal use only
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Meeting procedures and close 20 For personal use only
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Important notice This presentation has been prepared by Steadfast Group Limited (“Steadfast”). This presentation contains information in summary form which is current as at 31 October 2025. This presentation is not a recommendation or advice in relation to Steadfast or any product or service offered by Steadfast or its subsidiaries and associates. It is not intended to be relied upon as advice to investors or potential investors, and does not contain all information relevant or necessary for an investment decision or that would be required in a prospectus or product disclosure statement prepared in accordance with the requirements of the Corporations Act 2001 (Cth). It should be read in conjunction with Steadfast’s other continuous and periodic disclosure announcements filed with ASX Limited, in particular the Steadfast Group 2025 Annual Report, available at investor.steadfast.com.au. To the maximum extent permitted by law, Steadfast, its subsidiaries and associates and their respective directors, employees and agents disclaim all liability for any direct or indirect loss which may be suffered by any recipient through use of or reliance on anything contained in or omitted from this presentation. No recommendation is made as to how investors should make an investment decision. Investors must rely on their own examination of Steadfast, including the merits and risks involved. Investors should consult with their own professional advisors in connection with any acquisition of securities. The information in this presentation remains subject to change without notice. Steadfast assumes no obligation to provide any recipient of this presentation with any access to any additional information or to notify any recipient or any other person of any other matter arising or coming to its notice after the date of this presentation. To the extent that certain statements contained in this presentation may constitute “forward-looking statements” or statements about “future matters”, the information reflects Steadfast’s intent, belief or expectations at the date of this presentation. Steadfast is under no obligation to update any forward-looking statements contained within this presentation, subject to applicable disclosure requirements. Steadfast may update this information over time. Any forward-looking statements, including projections or guidance on future revenues, earnings and estimates, are provided as a general guide only and should not be relied upon as guarantee of future performance. Forward-looking statements involve known and unknown risks, uncertainties and other factors that are outside Steadfast’s control and may cause Steadfast’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. Any forward-looking statements, opinions and estimates in this presentation are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions. Neither Steadfast, nor any other person, gives any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements in this presentation will actually occur. In addition, please note that past performance is no guarantee or indication of future performance. Possible factors that could cause results or performance to differ materially from those expressed in forward-looking statements include the principal risks and uncertainties on pages 50 - 52 of Steadfast’s 2025 Annual Report. Certain non-IFRS financial information has been included within this presentation to assist in making appropriate comparisons with prior periods and to assess the operating performance of the business. Steadfast uses these measures to assess the performance of the business and believes that the information is useful to investors. Non-IFRS information, including underlying income statement items, pro forma income statement items, underlying earnings before interest expense (after premium funding interest income and expense), tax and amortisation of acquired intangibles (EBITA), underlying NPAT, underlying net profit after tax but before (pre tax) amortisation (NPATA), underlying EPS (NPAT) (NPAT per share) and underlying EPS (NPATA) (NPATA per share), have not been subject to review by the auditors. FY13 and FY14 results are pro forma and assume the Pre-IPO Acquisitions and the IPO Acquisitions were included for the full reporting period (all of the IPO Acquisitions completed on 7 August 2013). Prior period underlying EPS (NPAT) and underlying EPS (NPATA) have been adjusted to reflect the re-basing of EPS post the February/March 2015 1:3 rights issue. All references to Aggregate refer to the 100% aggregation of all investees’ results regardless of Steadfast’s ownership interest. Underlying EPS (NPAT) and underlying EPS (NPATA) for FY20 have been calculated as if all shares issued in FY20 pursuant to the IBNA acquisition and PSF Rebate acquisition were issued on 1 July 2019. To ensure comparability, underlying EBITA also deducts the interest expense on lease liabilities and depreciation of right-of-use assets from 1 July 2019. This presentation does not constitute an offer to issue or sell securities or other financial products in any jurisdiction. The distribution of this presentation outside Australia may be restricted by law. Any recipient of this presentation outside Australia must seek advice on and observe any such restrictions. This presentation may not be reproduced or published, in whole or in part, for any purpose without the prior written permission of Steadfast. Prevailing current exchange rates have been used to convert local currency amounts into Australian dollars, where appropriate. All references starting with “FY” refer to the financial year ended 30 June. All references starting with “1H” refers to the financial half year ended 31 December. “2H” refers to the financial half year ended 30 June. 21 For personal use only
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For personal use only