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WWW.SOLVAR.COM.AU 1 21 OCTOBER 2026 Scott Baldwin (Managing Director & CEO) Siva Subramani (CFO) TIP Conference Investor Presentation
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WWW.SOLVAR.COM.AU 2 6 Solvar FY26 Results Summary Outlook Questions Scott Baldwin Managing Director & Chief Executive Officer Siva Subramani Chief Financial Officer Agenda
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WWW.SOLVAR.COM.AU 3 The foundations for accelerated growth are largely in place, positioning Solvar to deliver growth through both personal and commercial expansion, lower funding margins, improved productivity and disciplined capital allocation. • Targets under-served markets • Meeting the essential financial needs of consumers and small businesses • Scale through national distribution Specialist in Growth Markets • Price for risk • Protect portfolio quality • Grow profitably High Return Model • Accelerate small business and s ole trader lending growth, now ~$150m • Broaden Group earnings profile • Build a second growth engine • Leverage existing distribution networks Commercial Lending Expansion • Ability to fund from strong ~$300m balance sheet • Funding diversity • Fund future loan book growth with more than $400 million of funding capacity Funding Advantage • Improve earnings resilience by diversifying revenue streams through consumer and commercial lending • Reducing earnings volatility through interest rate hedging Improved Earnings Quality • Fully franked dividends are a key component of shareholder returns • Execute share buybacks when appropriate, driving long - term shareholder value accretion • Acquisition at a price to drive shareholder value Capital Management Strategy
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WWW.SOLVAR.COM.AU 4 Product Secured & unsecured consumer loans, typically over 24-72 months Consumer and commercial secured lending, typically over 12 – 84 months Secured commercial asset finance, typically over 48 - 84 months Loan Size Up to $100,000 Up to $150,000 Up to $1,000,000 Target Customer Consumers seeking access to used vehicles Consumers seeking to upgrade their car, buy a lifestyle asset or a restored vehicle Commercial customers seeking a vehicle for business purposes Sole traders and small business owners looking to purchase an asset for business use Typical Loan Purpose Used car loans, personal loans for holiday, car repairs, medical & dental To buy a new or used car, boats, horse float, caravan or camper trailer To buy a light or heavy commercial vehicle, yellow goods, or equipment Size of Addressable Market Addressable Market: ~$37b¹ Forecast CAGR – 4.7% per annum Addressable Market: ~$83b² Forecast CAGR – 6.0% per annum Addressable Market: ~$37b³ Forecast CAGR – 4.7% per annum 1. Money3 addressable market: estimated value of Australian used vehicles sold (AutoGrab/AADA Automotive Insights Report Annual 2025). CAGR: Australia Used Car Financing Market Report 2026 -2035, Expert Market Research. 2. AFS addressable market: estimated value of Australian new vehicle sales (FCAI VFACTS 2025) and late -model dealer-channel used vehicle transactions (AADA/AutoGrab Automotive Insights Report 2025). CAGR: Australia New Car Financing Market Report 2026–2035 (Expert Market Research). 3. Bennji addressable market & CAGR: IMARC Group, Australia Commercial Vehicle Market Size, Share and Forecast 2026 –2034. Product Overview
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WWW.SOLVAR.COM.AU 5 747 Horse Floats 155 Trucks 59 Tractors 1,737 Motor Bikes 1,325 Caravans 7,666 Utility Vehicles 43,476 Cars 407 Trailers 314 Boats & Jet Skis 51 Equipment Portfolio of Assets Financed – FY26
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WWW.SOLVAR.COM.AU 6 AUD m 740 769 783 791 803 825 841 833 828 847 875 920 979 926 941 940 930 927 930 932 910 890 897 915 953 999 500 600 700 800 900 1,000 FY24 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY25 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY26 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY27 Q1 Loan Book - Group AU NZ Growth Trends • $1 billion loan book milestone - Group loan book increased to a record $999.4m in Q1 FY27 , up 12.3% on Q1 FY26 • Australia continues to drive growth, with the Australian portfolio reaching $979.3m including $150.0m of commercial loans • New Zealand portfolio continues planned runoff, improving capital allocation towards higher-growth Australian opportunities and supporting special dividends • Strong lending momentum positions Solvar to achieve approximately 20% growth in annual lending volumes in FY27 • Continued loan book growth through FY27 underpins future revenue and earnings expansion in FY28
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WWW.SOLVAR.COM.AU 7 FY26 Results
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WWW.SOLVAR.COM.AU 8 Financial Operations Capital Management • Achieved Profit Guidance • Improvement in earnings quality through growth in AFS and diversification into commercial lending • One-off sale of New Zealand written off loan book yielded NZ$9.4 million • Enhanced Money3 debt funding facilities by introducing new $488.0 million warehouse, providing ample headroom for planned growth over coming 12-24 months • ~1% reduction in funder margins in Money3 debt facilities • Commercial lending moving from start-up to growth, closing FY26 loan book at $109.8 million, up 88.2% on pcp • H2 Australia originations grew 45.2% over pcp • Concluded regulatory matters between Money3 and ASIC • Committed $270,000 to registered charities and environmental programs • Surplus capital arising from New Zealand run- down supporting share buy backs and special dividends • Declared $36.6 million (Special, interim and final) of fully franked dividends aggregating to 19.5 cents per share • Purchased 7.5 million shares for $11.5 million at an average price of $1.54, reducing share count to 186,651,516 ordinary shares • Franking credits balance $70.0 million at 30 June 2026 FY26 Highlights
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WWW.SOLVAR.COM.AU 9 1 Interest income includes fees & charges, from loan and related products that are integral to the loan and bank interest income 2 Includes one-off sale of New Zealand’s written off book 3 After adjusting for ASIC penalty, legal fees associated with the legal action, FX differences on revaluation and Early-Stage Losses Commercial 4 Right of Use Assets and Deferred Tax Asset are included in Net tangible assets Continuing operations (AU) $920.3m Continuing operations (AU) $470.7m NPAT3 (Normalised) Group $36.1m Cash Collections AU: 5.1% increase on pcp EPS (Normalised) Group 19.0cents2 14.7% increase on pcp Statutory EPS of 15.5 cents 0.1% increase on pcp Fully Franked Dividends 7.5% increase from $33.6m Statutory NPAT of $29.5m, 6.2% decrease over pcp Net Tangible Assets4 $1.66 $1.72 in pcp Reflects capital returned through special dividends 7.5million shares Shares repurchased for $11.5m at an average price of $1.54 resulting in 186.7m shares outstanding Share Buy Back Loan Book Originations New Zealand: $33.1m Group Loan Book: $953.4m AU: 10.5% increase on pcp Continuing operations (AU) $478.8m Bad Debts2, net Group 3.6% Decrease from 4.4% in FY25 Continuing operations (AU) $180.3m AU: Flat on pcp Interest Income1 New Zealand : $13.1m Group Interest Income: $193.4m New Zealand : $43.6m Group Cash Collections: $522.4m 19.5cents up 39.3% on pcp 6.0 cents final and 2.5 cents special dividend payable on 7th October 2026 FY26 Highlights (cont.) Record Record Record New Zealand : $0m Group Originations: $470.7m AU: 21.0% increase on pcp AU: 4.4% increase from 4.1% in FY25
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WWW.SOLVAR.COM.AU 10 Improving Portfolio quality Strengthened leverage and credit quality Group - Bad debt Group – Loan book quality1 • Bad debt expense remained within guidance range of 3.5% - 4.5% • Group bad debts reduced to 3.6% driven by one- off sale of New Zealand’s written off book • Australian bad debts increased marginally to 4.4% • 81% of Australian portfolio is ‘Strong and Good’, increased marginally from FY25 • Maintaining credit quality despite continued cost-of-living pressures and rate rises • Increased loan book weight of Commercial and Near prime consumer is expected to improve Group’s loan book quality in future 1 FY26 and FY25 is adjusted for arrears methodology change 4.4% 3.6% 2% 3% 4% 5% FY25 FY26 58% 53% 54% 56% 58% 23% 24% 23% 23% 25% 15% 18% 17% 16% 14% 4% 6% 6% 5% 3% 0.4% 0.4% 0.1% 0.0% 0.0% FY26 FY25 FY24 FY23 FY22 Strong Good Watch list Sub-standard Impaired Australia - Leverage • Leverage increased to 74% with capacity to increase to ~80%, enabling loan book growth without need for additional equity • $71.8 million unrestricted cash available to support organic loan book growth and/or fund acquisitions • Cash repatriation from New Zealand rundown provides flexibility in capital management activities 60% 73% 71% 71% 74% 0% 20% 40% 60% 80% 100% FY22 FY23 FY24 FY25 FY26
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WWW.SOLVAR.COM.AU 11 Buybacks • Solvar bought back 31.9 million shares for $48.9 million (since FY23) • Shares outstanding at 186.7 million, down 10.3% (since FY23) • Average buyback price of $1.53 (FY23-FY26) was below the Net Tangible Asset, maximising long- term shareholder value 7.2 2.9 14.3 7.5 13.5 3.0 20.9 11.5 0% 4% 8% 0 10 20 30 FY23 FY24 FY25 FY26 No of Share Buy Back (millions) Share Buy Back (AUDm) Share Buy Back % of Shares issue Group - Debt facilities • Diversified funding base (four senior lenders), strengthening financial flexibility • Funding platform supports organic growth and strategy execution with over $400m in funding capacity • ~1% reduction in funder margins in Money3 facilities compared to previous years AUD m 681 409 1,090 0 300 600 900 1,200 Drawn Total Facility ABS M3 Warehouse AFS & Bennji Warehouse Headroom Funding Dividends • FY26 Fully franked dividends totalled 19.5 cents per share • Special dividends supported by New Zealand asset realisation • Franking credits balance of $63.2m (post FY26 final dividend) 24.4 22.6 8.1 15.5 15.513.0 16.5 10.0 14.0 19.5 0% 50% 100% 150% 0 5 10 15 20 25 30 FY22 FY23 FY24 FY25 FY26 Cents EPS (LHS) DPS (LHS) Payout Ratio (RHS) Capital Allocation Framework Remains disciplined and shareholder focused 7.5 cents special dividend
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WWW.SOLVAR.COM.AU 12 Outlook
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WWW.SOLVAR.COM.AU 13 FY27 Outlook Financial Operations Market • Double digit loan book growth for FY27 - up 4.9% in Q1 FY27 • Double digit interest income (revenue) growth expected from Australian operations • Funding initiatives expected to support improved margin stability • Increasing contribution from commercial lending • Investments in credit decisioning, automation and digital capability to support origination efficiency, conversion and customer experience • Investments in technology to drive a reduction in operational expenditure in FY28 • Continued focus on underwriting policy refinement and productivity • AI-powered call record keeping and customer chat in customer care • Labour market remains supportive, with arrears to be monitored closely • Used car affordability expected to support demand • Regulatory focus on the sector remains elevated • Well positioned to take advantage of M&A activity in non-bank sector
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WWW.SOLVAR.COM.AU 14 Thank you! Chief Financial Officer Siva Subramani +61 3 7031 6018 s.subramani@solvar.com.au CEO & Managing Director Scott Baldwin +61 3 7031 6019 s.baldwin@solvar.com.au
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WWW.SOLVAR.COM.AU 15 Glossary of Terms A$ or $ - Australian dollars ABS – Asset Backed Securitisation Active customer - A customer with an outstanding balance ASIC – Australian Securities and Investment Commission AFCA – Australian Financial Complaints Authority AFIA – Australian Finance Industry Association AFS – Automotive Financial Services business unit ARCA – Australian Retail Credit Association AU - Australia CAGR – Cumulative Annual Growth Rate Com Com – Commerce Commission of New Zealand DPS – Dividend Per Share EPS – Earnings Per Share EBITDA – Earnings Before Interest Tax Depreciation and Amortisation FSCL – NZ Financial Services Complaints Limited GCF – Go Car Finance business unit GM – General Manager HEM – Household Expenditure Measure H1 – Results relating to the first half of the financial year, July - December H2 – Results relating to the second half of the financial year, January – June Loan Book – Gross written loans, as defined in section 6, of the annual accounts M3 - Money3 business unit NED – Non-Executive Director NPAT – Net Profit After Tax NIM – Net Interest Margin NAF – Net Amount Financed: The amount of credit advanced to a customer in respect to their loan NTA – Net Tangible Assets NZ$ - New Zealand dollars NZ – New Zealand PCP – Prior Corresponding Period: A comparison of the results for the same period during the previous reported period, typically the previous financial year TMD – Target Market Determination RBA – Reserve Bank of Australia RBNZ – Reserve Bank of New Zealand RoE – Return on Equity YoY – Year on Year comparison of performance
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WWW.SOLVAR.COM.AU 16 16 The content of this presentation has been prepared by Solvar Limited (the Company) for general information purposes only. Any information included in this presentation on future financial performance, including industry sectors, income, profit and employment types, represent estimates of management. These views are inherently uncertain and Solvar takes no responsibility for the accuracy of such views. Any recommendations given are general and do not take into account your personal circumstances and therefore are not to be taken as a recommendation or advice to you. You should decide whether to contact your financial adviser so a full and complete analysis can be made in respect to your personal situation. Whilst all care has been taken compiling this presentation neither the Company nor any of its related parties, employees or directors give any warranty with respect to the information provided or accept any liability to any person who relies on it. Disclaimer