BEFOREPAY GROUP LIMITED

ASX ANNOUNCEMENT (ASX: B4P)

22 November 2023

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 2023 Annual General Meeting to be held at Automic Offices, Level 5, 126 Phillip Street, Sydney NSW 2000 at 2:00pm (AEDT) today.

As announced 21 July 2023, Beforepay further advises that Mr Luke Bortoli will be retiring by rotation at today’s Annual General Meeting and chooses not to stand for re-election.

Luke has been a director of Beforepay since January 2022 and joined the Board on 1 February 2022 and currently serves as Chair of the Remuneration and Nomination Committee.

The Board would like to thank Luke for his contribution to the Company during this time, where his extensive experience in fintech, consumer finance and payments provided valuable insights to the Board.

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

For more information, please contact:

Investors	Media
Danny Younis	Kasey Kaplan
Investor Relations, Beforepay	Acting Communications Lead, Beforepay
Ph: 0420 293 042	Ph: 0403 575 898
[email protected]	[email protected]

About Beforepay

Beforepay is an ethical-lending fintech that was founded in 2019 to support working Australians who have not been well-served by the traditional financial services industry. Beforepay's flagship pay advance product is a safe and affordable way for customers to access a portion of their pay, on demand, for a single fixed fee to help them through shortterm cash-flow challenges.

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Annual General Meeting

Beforepay Group Limited

22 November 2023

Registration and Voting

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To contact support: Call 1300 816 159 or open live chat from the Investor Portal

Record your vote. Once you confirm it is lodged and final

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Online Q&A

Click on the Q&A icon
Insert your question at the bottom of the screen & press enter to submit. (include your SRN or HIN at the start of your question so that you can be identified as a shareholder)

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To contact support: Call 1300 816 159 or open live chat from the Investor Portal

Type your question and ‘I’d like to speak’ if you would like to ask your question verbally. (include your SRN or HIN at the start of your question so that you can be identified as a shareholder)

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Chair Address

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‹#›4

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CEO Update

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‹#›5

FY23 – a transformative year

1 ● Revenue more than doubled
2 ● Unit economics almost doubled 3 ● Operating expenses down
4 ● Strong balance sheet
5 ● Two ethical-lending awards
6 ● Extended and expanded funding facility (FY24)
7 ● Profitable in Q1 FY24

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FY2023 Highlights

1.9 % Net Transaction Margin in FY23, up from 1.1% in FY22. B $1

2.1 %

Net Transaction Loss in FY23, down from 2.4% in FY22.

$42

Cumulative Pay Advances surpassed since inception in 2019.

Average Customer Acquisition Cost in FY23, down 60% from $105 in FY22.

M $21.8 Cash and Cash Equivalents at 30 June 2023.

M $26.8

Equity at 30 June 2023.

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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FY2023 Highlights

35% Growth in Active Users YoY to 234,034 in FY23.

($3.1 )%

EBITDA loss in FY23, down 84% from ($19.5m) in FY22.

M $628

96%

Pay Advances in FY23, up 92% from FY22.

Customers who have successfully repaid their first Pay Advance have since taken out a second Pay Advance in FY23.

Registered users since inception in 2019.

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Strong Growth in Net

Transaction Margin $

Along with Tight Cost Control

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Operating
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$12.8m
Expenses $12.6m
down 26%
YoY
$10.6m
Net Transaction
to $18.7m Margin and
Operating
in FY23.
Expenses
by Half Year $8.1m
$6.6m
$5.1m
Net
Transaction
$3.2m
Margin
up 229% YoY
to $11.7m
in FY23. $0.4m
H1-FY22 H2-FY22 H1-FY23 H2-FY23
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7.4%
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Declining Trend in Loan Defaults

Demonstrating Consistent Improvement in Credit Quality

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FY22 FY23
7.4%
3.1% gross 2.4% net 3.1% gross 2.1% net
Gross and Net
Transaction
Loss %
by Half Year
4.6%
4.6%
3.3%
3.2%
3.0%
2.9%
Gross transaction loss
2.9%
% (of pay advances
inclusive of fees) 2.3%
2.0% 2.0%
Net transaction loss %
(of pay advances
inclusive of fees)
H1-FY21 H2-FY21 H1-FY22 H2-FY22 H1-FY23 H2-FY23
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Our Pathway to Profitability/ Breakeven

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Monthly
Pay advances Net Transaction
Operating
per month Margin %
Expenses
Monthly
Active Users Revenue %
Overheads
Pay Advances Net Monthly
per AU per Transaction Marketing
month Loss Expenses
Average Pay Funding Costs
Advance
Direct Costs
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What comes next

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1
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Constrain costs and drive towards profitability

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2
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Continue growth in Australia with existing direct-to-consumer acquisition model

3 4 Continuous Explore improvement of risk additional growth models, product, and opportunities customer experience

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AI assistant

BEFOREPAY GROUP LIMITED AGM Information 2023

64491_rns_2023-11-21_5ae50dc6-e9fd-4a7e-9837-41ba66bb17b6.pdf