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Beforepay Group Limited

ASX ANNOUNCEMENT (ASX: B4P)

21 November 2022

ANNUAL GENERAL MEETING PRESENTATION

Beforepay Group Limited (Beforepay or the Company) (ASX: B4P) provides the attached CEO presentation to be delivered to shareholders at the Company’s 2022 Annual General Meeting to be held at PwC, Level 17, One International Towers, Barangaroo NSW 2000 and virtually at 11.00am (AEDT) today.

The Company also advises that Ms Natasha Davidson a Non-Executive Director of the Company will be retiring by rotation at the 2022 Annual General Meeting and chooses not to stand for re-election.

Natasha joined the Board on 16 November 2020 and served as Chair of the Remuneration and Nomination Committee from September 2021. The Board of Directors would like to thank Natasha for her contribution to the Company during this time, where she provided valuable experience to the Board.

This announcement has been authorised for release to the ASX by the Board.

For more information, please contact:

Investors	Media
Andrew Keys	Natasha Hirani
Investor Relations, Beforepay	Senior Marketing Manager, Beforepay
Ph: 0400 400 380	Ph: 0450 342 508
[email protected]	[email protected]

About Beforepay

Beforepay was founded in 2019 to offer consumers a better way to manage their personal finances by enabling early access to a portion of their pay, on-demand, in exchange for a single fixed fee. For more information visit www.beforepay.com.au .

ACN 633 925 505 Suite 2, Level 6, 50 Carrington Street, Sydney NSW 2000

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Beforepay Group Limited Annual General Meeting

21 November 2022

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CEO Update

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What
we do.
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Beforepay provides users with a service to manage their finances which is inclusive and is rewarding to use. The service is resonating strongly with an average 4.8-star rating (out of 5) across Google Play Store and Apple App Store.

4.8 stars

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We consider ourselves to be A leading provider of Pay on Demand

services in Australia (not a Buy-Now-Pay-Later provider)

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Money provided directly

to the customer—does not need to be spent at specific merchants

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Provide short-term finance to working Australians

filling a gap in the market for flexible, transparent and on-demand access to credit

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Focus on customer advocacy

and support; customer surveys, reviews and Trustpilot show strong customer advocacy and support for the product

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A fixed fee of 5%

on the amount advanced, with no interest or late fees

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Alternative to revolving debt

on credit cards and other types of revolving loans

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Our mission
To support working Australians
Help customers Grow quickly
Create value
• Advance money to • Accelerate customer
• Maintain or decrease
our customers in an acquisition and
dollar-weighted
ethical and increase throughput
defaults
responsible way to • Launch new channel
•
Achieve profitability
manage temporary partnerships
•
Improve our
•
cashflow challenges Explore additional
managerial
•
Help our customers growth opportunities
infrastructure (HR,
improve their
risk, compliance)
financial literacy
•
Manage our risks
• Create the best
effectively
possible product and
service experience
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FY22 HIGHLIGHTS

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Pay Advances of $327.3m up 252%

in FY22, driven by new customer acquisition and continued usage by existing customers

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69% Growth in active users to 173,398

in FY22 reflecting strong customer acquisition

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Positive Net transaction

margin at 1.1%

of Pay Advance fee income in FY22 vs (2.2%)in FY21.

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95% of customers who have successfully repaid their first pay

advance have since taken out a second Pay Advance in FY22

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Net transaction loss down to 2.4%

from 5.2% in FY21, driven by ongoing refinements to the risk model, customer limit management and higher recoveries.

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Strong balance sheet

with $28.4m cash position and $32.7m equity at 30 June 2022

Note: Certain financial metrics and information included throughout this presentation are not recognised under the Australian Accounting Standards and are classified as ‘non-IFRS financial information’.Non-IFRS financial information is unaudited. Change % is calculated using unrounded figures and may differ slightly from a number calculated using rounded figures.

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Net Monthly
Pay advances
Transaction ≥ operating
per month
Margin % expenses
Active Monthly
Our Revenue %
users overheads
Pathway to
Profitability/
Pay Advances Net Monthly
Breakeven per AU per transaction marketing
month
loss expense
Average
Funding
pay
costs
advance
Direct
costs
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What comes next

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Seek to maintain growth in Australia with existing direct-to-consumer acquisition model

Constrain costs and drive towards profitability

Identify opportunities to work with channel partners for additional B2C and B2B customer acquisition

Continuous improvement of risk models, product, and customer experience

AI assistant

BEFOREPAY GROUP LIMITED AGM Information 2022

64491_rns_2022-11-20_cbaebeca-a22e-4438-bd1f-8f10730dc222.pdf