COMPUTERSHARE LIMITED. — AGM Information 2024

Nov 13, 2024

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Computershare Limited ABN 71 005 485 825 Yarra Falls, 452 Johnston Street Abbotsford Victoria 3067 Australia PO Box 103 Abbotsford Victoria 3067 Australia Telephone 61 3 9415 5000 Facsimile 61 3 9473 2500 www.computershare.com

MARKET ANNOUNCEMENT

ARKET ANN	Telephone 61 3 941 Facsimile 61 3 947 www.computershar UNCEMENT
Date:	14 November 2024
To:	Australian Securities Exchange
Subject:	2024 AGM presentations and Proxy Summary

Attached are the presentations to be delivered by the Chairman, Paul Reynolds and the CEO, Stuart Irving at Computershare’s AGM to be held at 10am on Thursday, 14 November 2024. Also included in the materials is a slide showing the direct and proxy votes received on each resolution in advance of the meeting.

For further information contact: Michael Brown Investor Relations Ph +61 (0) 400 24 8080 michael.brown@computershare.com.au

This announcement was authorised for release to the ASX by the Board.

For more information, visit www.computershare.com

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Thursday 14 November

ANNUAL GENERAL MEETING

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ANNUAL GENERAL MEETING

CHAIR’S ADDRESS

Paul Reynolds Chair

2

Strong FY24 Results

Strong results. Reduced complexity. Increased returns.

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Management Revenue
$3.3bn
Up 2.1%
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Return on Invested
Capital (ROIC)
30.2%
Up 753bps
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Management EPS [1] Margin Income (MI)
$832.1m
117.6 cps
Up 7.3%
Up 8.9%
Management EBIT ex. MI Final dividend per share (AUD)
$310.9m 42 cps [2]
Up 20.9% Up 5.0% [2]
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Notes: All figures in this presentation are presented in USD millions and in constant currency, unless otherwise stated.

1 Management EPS is inclusive of FY24 share buybacks. Guidance of around 116cps excluded share buybacks. On this basis, FY24 Management EPS was 116.7 cps vs. 108.0 in FY23, up 8.0%.

2 Unfranked; Total dividend per share for FY24 is AUD 82 cps; Compared to FY23 final and FY24 interim dividend per share of AUD 40 cents per share (cps).

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3

Long term shareholder returns

Earnings, dividends and return on capital have effectively doubled over the past 5 years

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35.0% 200
Financial Performance AUD 180
180
30.0%
161
30.2% 160
25.0%
140
22.7% 120
20.0%
98
100
83
15.0% 16.7% 80
80
68 82
12.2% 70
12.2% 60
10.0%
10.9%
54
44 46 46 40
5.0%
20
0.0% 0
FY19 FY20 FY21 FY22 FY23 FY24
Dividend per share (AU cents) ROIC (%) Mgt EPS (AU cps)
ROIC
AU cents
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Since FY19…

• Management EPS CAGR 13.0%

• • Average ROIC 17.5%, new peak of 30.2% in FY24

• Dividend Per Share CAGR 13.3%

• AU$1.9bn distributions paid

• AU$486m spent on buybacks[*]

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Numbers at actual fx rates. *Inclusive of buybacks in FY20 and FY24 to current.

4

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Since listing on the ASX in 1994

1994 2024 50 Employees 12,000 1 Countries 22 AU$4.3m NPAT AU$1.1bn ~AU$36m market cap Value ~AU$17bn market cap[] 25,982%[]** share price growth since listing

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*Based on share price at 11[th] November 2024

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5

Aspiring to effect positive change related to key ESG matters

Supporting our shareholders, customers, employees and communities

Carbon footprint for FY24: Environment 73,770 t CO2e down by ~5.6% against base year*. Donated ~AU$850k to community projects in FY24, including support for the Social ongoing construction of an IT college in Nepal and two new buses for the WYI School. Strengthened Supply Chain Management through new Governance Supplier Code of Conduct and Modern Slavery Statement.

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Our Net Zero and near-term
targets were validated and
approved by the Science Based
Targets Institute (SBTi).
40/40/20 gender targets
Board: 38% female
CEO Direct Reports: 27% female
CEO -2: 27% female
Expanded and enhanced Board
skills through appointment of
additional non-executive
director.
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• Our base year is FY21 for Scopes 1 and 2 and FY23 for Scope 3. Our base year emissions were recalculated as part of our FY24 corporate carbon footprint calculation due to the sale of our US Mortgage Services 6 business, which occurred during the period.

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ANNUAL GENERAL MEETING

CEO’S ADDRESS Stuart Irving Chief Executive Officer and President

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Computershare today

Focused, high quality, capital light - anchored around three core divisions

ISSUER SERVICES

EMPLOYEE SHARE PLANS

CORPORATE TRUST

Provision of entity solutions, register maintenance (& related services) & investor relations

Key clients and end users

• Corporate issuers

• Retail & institutional shareholders

Geographies

• Global

• Administration & related services for employee share and option plans

Key clients and end users

• Corporate issuers

• Management and employee retail shareholders

Geographies

• Global

Corporate trustee & agency services for debt securities & structured products

Key clients and end users

• Corporate issuers and structured product arrangers

• Bondholders / institutional investors

Geographies

• North America (with global ambitions)

Core competencies

i.1 The accurate and secure management of complex and sensitive data sets ii.2 Technology enabled administration and custodianship of legal title and financial assets iii.3 The facilitation of high volume and complex financial transactions (distributions, payments & FX)

Key

statistics

36.7m

Shareholder accounts

$5.9tn Debt under administration

$234bn $1.9tn $79bn Employee Share Plan Payments made per Client balances under Assets under annum management administration

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8

Protecting margin income from lower interest rates

Hedge book increasing, $1.5bn of Margin Income locked in irrespective of interest rate movements

Total Average Client Balances ($bn)

Total Hedged Margin Income ($m)

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70%
77% of total hedged margin income ($1.15bn) to be
86.6
82.9 $0.1bn delivered in next 5 years. Replacement of run-off increases
81.2 60%
75.9 it to ($1.56bn)
73.6
$0.2bn 50% 18
15 50
47.3 85
44.1 17 121
53.4 40% 137
42.7 47.1 17
44.4
30% $1.5bn 7
4
16.5
279
18.1 17.7 20% 245
6.4 210
$1.2bn 15.7 14.1 15.2 184 170
10%
21.5 21.2 19.4
15.2 14.7 14.3
0%
Total Hedge MI FY25 FY25 FY26 FY27 FY28 FY29
1H22 2H22 1H23 2H23 1H24 2H24 - FY34
Average Client Balances - Legacy Average Client Balances - CCT
Average MMF MI - Existing hedge book at 30 June 24 MI - New trades executed YTD FY25 Planned replacement of run-off
Hedge Book as a % of Avg Exposed Balances
Hedge book as a % of Avg exp balances
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• FY22 through FY24 translated at actual rates. FY25 and beyond are translated at the FY24 average FX rate.

• Replacement of run off is for illustrative purposes only. Our strategy is to replace maturing trades with new hedges.

• 1H22 includes balances for 2 months for CCT. KCC ~$1b of average balances in FY23 and US Mortgage Services ~$1.5b of average balances in FY24.

• Proforma 2H24 balances excluding US MS is $28.0bn. Proforma hedge book as a % of Avg exposed balances is 54.5%.

• WAL (Weighted Average Life) of the hedge book – 5.16 years at 30 June 2024 compared to 4.75 years at 30 June 2023.

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9

FY25 trading update – strengthening confidence

Full year earnings guidance affirmed, FY25 Management EPS +7.5%: Operating earnings improving, rising balances offset impact of lower interest rates

Revenue ex MI Continuing momentum in Employee Share Plans trading volumes and stronger than anticipated Corporate Actions activity Margin Income $745m margin income guidance intact. Higher balances offsetting lower yields as rates come down. Balances increasing as activity levels rise across the group EBIT ex MI EBIT ex MI to be up 15% Capital Over 60% of AU$750m buyback executed, expect to complete by management June 2025. Leverage post buyback anticipated to be around 0.55x

Please refer to slide 9 of the FY24 ASX market presentation for guidance assumptions. Guidance does not include any share buyback purchases in FY25. FY25 weighted average number of shares (WANOS) assumed to be 591,049,320 which reflects the closing share balance at 30 June 2024.

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10

Margin Income, yields and average client balances

FY25 MI guidance consistent at $745m, higher balances offset lower rates

	August Disclosure	August Disclosure	August Disclosure	Current Outlook	Current Outlook	Current Outlook
	FY25E Avg Client Balances ($bn)	FY25E MI ($m)	FY25E Avg Weighted Yield (%)	FY25E Avg Client Balances ($bn)	FY25E MI Outlook ($m)	FY25E Avg Weighted Yield (%)
Exposed: Non-hedged	7.4	321	4.37%	8.2	327	3.98%
Exposed: Hedged	10.0	312	3.10%	10.0	312	3.10%
Exposed	17.4	633	3.65%	18.2	639	3.52%
Non-Exposed	11.1	112	1.02%	11.3	106	0.93%
Total	28.5	745	2.62%	29.5	745	2.52%

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Yields falling but Hedge Book provides protection
45.0 6.00%
40.0
5.00%
35.0
30.0 4.00%
25.0
3.00%
20.0
15.0 2.00%
10.0
1.00%
5.0
0.0 0.00%
1H18 2H18 1H19 2H19 1H20 2H20 1H21 2H21 1H22 2H22 1H23 2H23 1H24 2H24 1H25 2H25
Avg Balances ($bn) CPU Yield Fed Effective Market Implied USD Overnight Rate
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Arrows above indicate comparison of Margin Income yields against FY25E August Disclosure

• Constant currency translation (FY24 June rates)

** Market implied USD overnight rates based on futures settings daily average rates on Nov 11th, 2024.

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Margin Income expectations unchanged.
Balance growth offset rate reductions
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Updated forecast in line with sustainable September exit balances

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42.0 42.0 0.1
0.9
745.0 745.0 29.5
28.5
FY25E August Impact of Impact of FY25E August FY25E Aug. Disclosure Global Corporate Trust Issuer Services FY25E
Disclosure rates balances Disclosure Avg Balances Avg Balances
USD M
$bn
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11

Strengthening balance sheet and investment priorities

Balance sheet strength supports growth, investment and shareholder returns

Leverage to increase slightly in FY25 to reflect buyback and M&A[*]

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1.40
1.33
1.20
1.00
0.80 0.85 0.85
0.60
0.55
0.40 0.46
0.36
0.20
0.00
1H23 2H23 1H24 2H24 1H25E 2H25E
Leverage ratio
Net Debt / EBITDA (x)
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Investment priorities

1. Investments in technology to drive operational efficiencies and improved customer experience

2. Strategic M&A in core businesses to add scale, enhance offerings and build market share

3. Balanced returns to shareholders including dividends and buybacks

*Includes the acquisition of the BNY Trust Company of Canada from BNY Mellon expected to close in 2H25.

FY25E EBITDA assumed at $1.2bn.

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12

The next ’30’ years

A business built on trust, technology, longstanding client relationships and execution capability

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Across the cycle EBIT margin average 30%+, ROIC average 25% (ex M&A)

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Strong free cash We will manage the Longstanding Strong balance We will maintain a Ambition, flow supports quality and consistency client relationships sheet and track strong financial capacity and growth and recurring of earnings by record in position and balance capability to drive investments and revenues executing a prudent technology and growth investments next stage of CPU shareholder hedging programme strategic M&A with returns to growth returns through the cycle shareholders

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13

Direct and Proxy Votes received on each resolution before the AGM

Resolution	For	Against	Open	Abstain
Item 2 Re-election of Mr Paul Reynolds as a director	397,048,037 94.21%	22,304,685 5.29%	2,096,056 0.50%	408,721
Item 3 Re-election of Ms Lisa Gay as a director	410,849,650 97.48%	8,496,656 2.02%	2,094,942 0.50%	416,251
Item 4 Re-election of Mr John Nendick as a director	409,432,228 97.15%	9,919,891 2.35%	2,095,876 0.50%	409,505
Item 5 Election of Mr Gerrard Schmid as a director	418,139,498 99.22%	1,171,306 0.28%	2,101,726 0.50%	444,970
Item 6 Remuneration Report	396,995,068 94.54%	20,835,631 4.97%	2,066,987 0.49%	1,959,814
Item 7 FY25 LTI grant to the Chief Executive Officer	403,537,369 95.78%	15,706,164 3.73%	2,063,595 0.49%	550,379

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Important notice

Summary information

• › This announcement contains summary information about Computershare and its activities current as at the date of this announcement.

• › This announcement is for information purposes only and is not a prospectus or product disclosure statement, financial product or investment advice or a recommendation to acquire Computershare’s shares or other securities. It has been prepared without taking into account the objectives, financial situation or needs of a particular investor or a potential investor. Before making an investment decision, a prospective investor should consider the appropriateness of this information having regard to his or her own objectives, financial situation and needs and seek specialist professional advice.

Financial data

• › Management results are used, along with other measures, to assess operating business performance. The company believes that exclusion of certain items permits better analysis of the Group’s performance on a comparative basis and provides a better measure of underlying operating performance.

• › Management adjustments are made on the same basis as in prior years.

• › The non-IFRS financial information contained within this document has not been reviewed or audited in accordance with Australian Auditing Standards.

• › All amounts are in United States dollars, unless otherwise stated.

Past performance

• › Computershare’s past performance, including past share price performance and financial information given in this announcement is given for illustrative purposes only and does not give an indication or guarantee of future performance.

Future performance and forward-looking statements

• › This announcement may contain forward-looking statements regarding Computershare’s intent, belief or current expectations with respect to Computershare’s business and operations, market conditions, results of operations and financial condition, specific provisions and risk management practices.

• › When used in this announcement, the words ‘may’, ‘will’, ‘expect’, ‘intend’, ‘plan’, ‘estimate’, ‘anticipate’, ‘believe’, ‘continue’, ‘should’, ‘could’, ‘objectives’, ‘outlook’, ‘guidance’ and similar expressions, are intended to identify forward-looking statements. Indications of, and guidance on, plans, strategies, management objectives, sales, future earnings and financial performance are also forward-looking statements.

• › Forward-looking statements are provided as a general guide only and should not be relied upon as a guarantee of future performance. They involve known and unknown risks, uncertainties, contingencies, assumptions and other important factors that are outside the control of Computershare.

• › Actual results, performance or achievements may differ materially from those expressed or implied in such statements and any projections and assumptions on which these statements are based. Computershare makes no representation or undertaking that it will update or revise such statements.

Disclaimer

• › No representation or warranty, expressed or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this announcement. To the maximum extent permitted by law, none of Computershare or its related bodies corporate, or their respective directors, employees or agents, nor any other person accepts liability for any loss arising from the use of this announcement or its contents or otherwise arising in connection with it, including, without limitation, any liability from fault or negligence.

Not intended for foreign recipients

• › No part of this announcement is intended for recipients outside Australia. Accordingly, recipients represent and warrant that they are able to receive this announcement without contravention of any applicable legal or regulatory restrictions in the jurisdiction in which they reside or conduct business.

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