FY22 HALF YEAR RESULTS PRESENTATION

1H22 Results

Results ahead of expectations

Management Revenue $1.2bn 4.6%

Margin Income (MI)

$60.1m 8.3%

Management Revenue ex MI

$1.1bn 4.5%

Management EPS

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Legacy
10.6% [1]
22.76 cps Total Group
4.5% [2]
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Management EBIT ex MI

$157.8m 16.7% Interim Dividend Per Share (AUD) 24.0 cps 4.3%

Notes: All figures in this presentation are presented in USD millions and in constant currency, unless otherwise stated. Reconciliation of statutory to management results can be found on slide 46.

1 The Legacy business for FY22 is defined as Computershare excluding the Computershare Corporate Trust (CCT) contribution. The +10.6% is the change between 1H22 Legacy Management EPS of 24.10 cps and 1H21 Management EPS of 21.79 cps. This growth is calculated on a pre-rights issue basis. The weighted average number of shares (WANOS) for this calculation was 540,879,593.

2 The +4.5% is the change between 1H22 Management EPS (including CCT) of 22.76 cps assuming a WANOS of 603,729,336 vs 1H21 Management EPS of 21.79 cps assuming a WANOS of 540,879,593.

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1H22 Summary

Growth in Register Maintenance, Governance Services and Employee Share Plans offset by lower event activity. Bankruptcy and Class Actions remain subdued

Employee Share Plans revenue growth and margin expansion. Equate+ platform supports market share gains

Event based revenues impacted by lower activity levels. Optionality retained

UK Mortgage Services return to profitability. Sale under consideration

Governance Services gains traction with new client wins. Scope for sustained growth

CCT exceeds expectations on fee income. Significant leverage to interest rates

Margin income set to rise with new expectations of US rate increase in Q4

US Mortgage Services affected by macro challenges. Outlook improving

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1H22 Management EPS

Operating profit growth and cost savings continue to drive EPS improvement

Legacy 1H CPU EPS +10.6%

1.16 2.50 24.10 4.31 22.76 21.79 5.48 3.46 1.95 2.69 0.72 2 1H21 Management Impact of Impact BEAT Non recurring Cost out Operational 1H22 Management CCT Impact of rights 1H22 4 EPS (pre rights) event based of inflation items 3 program savings earnings growth EPS (Legacy CPU) issue Management EPS 1 businesses

1 Event based businesses include Corporate Actions, Stakeholder Relationship Management, Bankruptcy and Class Actions. 2 Base Erosion and Anti-Abuse Tax for the US. 3 Net increase to Management EBIT of $20.3m driven by net expenses of $15.7m in 1H21 (regulatory levy and a provision against a receivable for Class Actions) and $4.6m net gains in 1H22 (largely an insurance claim receipt)[4 ] Includes $22.2m of cost savings and $0.4m revenue synergies.

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FY22 Outlook

Management EPS upgraded to be up around 9% from 2%

Guidance

In constant currency, for FY22 we expect:

FY22	Margin Income	Margin Income	Margin Income	Management EBIT ex MI	Management EBIT ex MI	Management EBIT ex MI	Management EPS	Management EPS	Management EPS
	Original guidance	Updated guidance	Guidance Change	Original guidance	Updated guidance	Guidance Change	Original guidance	Updated guidance	Guidance Change
Legacy CPU	107.0	110.9	+3.6%	350.0	359.7	+2.8%	54.7	55.4	+1.3%
CCT (8 months contribution)	38.0	41.3	+8.7%	1.8	23.6	+1211%	4.3	7.4	+72.1%
Rights Issue impact							(5.6)	(5.8)	-3.6%
FY22 guidance - Total	145.0	152.2	+5.0%	351.8	383.4	+9.0%	53.4	57.0	+6.7%

	Original guidance vs pcp	Updated guidance vs pcp		Original guidance vs pcp	Updated guidance vs pcp		Original guidance vs pcp	Updated guidance vs pcp
Guidance – Legacy	Flat	+3.6%		+3.2%	+6.1%		+4.2%	+5.5%
Guidance – Total (includes CCT and rights issue)	+35.5%	+42.2%		+3.7%	+13.1%		+1.8%	+8.7%

Key assumptions

› Equity and interest rate markets remain at current levels / in line with current market expectations.
› FY22 Group tax rate between 27.0% - 29.0% (previously 26.0% - 28.0%) due to increase in share of US earnings.
› For constant currency comparisons, FY21 average exchange rates are used to translate the FY22 earnings to USD.
› Weighted average number of shares (WANOS) of 540,879,593 (pre rights) in FY21 and 603,729,336 in FY22 (post rights issue)

Notes: For comparative purposes FY21 Margin Income is $107.0m , Management EBIT ex Margin Income is $339.1m and Management EPS is 52.46 cents per share all translated at FY21 constant currency. Refer to slide 57 for constant currency conversion rates.

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2H22 Management EPS guidance bridge

2H Management EPS expected to be up around 12% on pcp

CPU 2H EPS +11.8% vs. pcp

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3.3
6.3
0.6 ~ 34.3
2.4 0.2 0.8 0.3 2.6 ~ 31.3
30.67
Includes benefit of Q4 US
interest rate rise. This
Assumes 1st assumes:
April 25 bps
increase on US 1. 1st April 25 bps
increase (0.68 cps) (3
legacy exposed
months contribution to
balances
Margin Income);
2. MMF fee revenue
increase to 10bps from
1st May (0.88 cps) (2
months contribution)
2H21 Management Impact BEAT Non recurring FY22 Q4 US Cost out Operational 2H22 Management CCT Impact of rights 2H22
EPS of inflation items rate rises program savings earnings EPS issue Management EPS
(pre rights) growth (Legacy CPU)
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Margin Income impact only.

Note: EPS breakdown is provided for indicative purposes and forms part of EPS Key Assumptions. In constant currency, Management EPS is to be up around 9% including CCT. This assumes FY21 Management EPS is 52.46 cents per share calculated on a WANOS of 540,879,593. FY22 Management EPS is 57.04 cents per share calculated on a WANOS of 603,729,336. Refer to slide 57 for constant currency conversion rates.

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FY22 Management EPS guidance bridge Management EPS expected to be up around 9% on pcp

FY22 Management EPS guidance upgraded due to 1H performance, improved CCT contribution, increased margin income from anticipated Q4 US rate rise and consistent legacy operating performance

CPU FY EPS +8.7% vs. pcp

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USD cps
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7.4 5.8
4.6 ~ 55.4 ~ 57.0
5.1
52.46 0.3 6.1
4.4 0.5
1.9
FY21 Impact of Impact BEAT Net non FY22 Q4 US Cost out Operational FY22 CCT Impact of rights FY22
Management EPS event based of inflation recurring items rate rises program savings earnings Management EPS issue Management EPS
(pre rights) businesses growth (Legacy CPU)
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Margin Income impact only.

Note: EPS breakdown is provided for indicative purposes and forms part of EPS Key Assumptions. In constant currency, FY22 Management EPS is expected to be up around 9% including CCT. This assumes FY21 Management EPS is 52.46 cents per share calculated on a WANOS of 540,879,593. FY22 Management EPS is expected to be 57.0 cents per share calculated on a WANOS of 603,729,336. Refer to slide 57 for constant currency conversion rates.

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Margin Income

Full year margin income now expected to be around $152m with anticipated Q4 US rate rise

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180.0 140.0
125.2
121.2 2H22 assumes 1st April
160.0
116.0 25 bps interest rate rise 120.0
in the US. Contributes
140.0 incremental $7m: $2m
Legacy and $5m CCT
100.0
~ 89.9
120.0
83.4
80.0
100.0 100bps increase in
average interest rates on 62.1
80.0 balances equates to an 2H exposed average 55.5 51.5 60.0
annualised EPS increase
60.0 of 26 cents per share
40.0
40.0
20.0
20.0 ~ 40.5
27.9
21.0 16.1 16.8 17.6 17.6 20.0
0.0 0.0
1H19 2H19 1H20 2H20 1H21 2H21 1H22 2H22E
Average balances - Total ($bn) Margin Income ($m)
USD billion USD million
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Margin Income and Balances translated at Actual fx rates. 1H22 Margin Income in constant currency is $60.1m. 1H22 includes CCT Margin Income and balances for 2 months ($27.9bn is the weighted average balance for 1H22). * Assumes ETR of 28% and CPU retains 90% of the rate rise benefit.

Client balances and yields

Rate rises drive improved margin income and money market fund fees outlook

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Legacy CPU CCT Total Group
FY22 1H22 2H22E FY22E 1H22 2H22E FY22E 1H22 2H22E FY22E
Margin Income $m 52.7 58.2 110.9 7.5 33.8 41.3 60.1 92.0 152.2
Avg balances - exposed $bn 14.4 13.9 14.2 3.0 10.3 6.6 17.4 24.2 20.8
Avg balances - non exposed $bn 6.4 5.8 6.1 3.4 10.4 6.9 9.9 16.2 13.0
Avg balances - Total $bn 20.9 19.7 20.3 6.4 20.6 13.5 27.3 40.4 33.8
Margin income yield % 0.50% 0.59% 0.55% 0.23% 0.33% 0.30% 0.44% 0.46% 0.45%
MMF fee revenue $m 2.2 13.8 16.0 2.2 13.8 16.0
MMF avg balances $bn 16.5 50.4 33.5 16.5 50.4 33.5
MMF yield % 0.03% 0.05% 0.05% 0.03% 0.05% 0.05%
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The Margin income yield reflects the margin income generated from the cash balances only (exposed and non-exposed).

Money market fund fees are classified as fee revenue and included in EBIT ex margin income. MMF fees typically range from 0.03% - 0.10% subject to prevailing interest rates.

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9 The FY22 outlook has been translated at FY21 average fx rates. 1H22 includes CCT Margin Income and balances for 2 months ($6.4bn is the weighted average balance for 1H22).

1H22 Management results summary

Improved operating result supported by positive start for CCT

	Legacy 1H22A (at 1H21 CC)	1H22 Actual (at 1H21 CC)	1H22 Actual
Total revenue ex Margin Income	$1,024.2 $69.3	$1,093.5 $1,046.9 +4.5%	$1,109.4
Margin Income	$52.7 $7.5	$60.1 $55.5 +8.3%	$62.1
Total revenue	$1,076.9 $76.7	$1,153.6 $1,102.5 +4.6%	$1,171.5
Operating costs	$776.4 $67.2	$843.6 $825.1 +2.2%	$857.4
Share of net profit/(loss) of associates and jv	$0.2 $0.0	$0.2 $0.4 -50.0%	$0.2
EBITDA	$300.6 $9.6	$310.2 $277.7 +11.7%	$314.4
Depreciation	$33.3 $0.4 $58.6 $0.0	$33.7 $38.3 -12.0% $58.6 $48.7 +20.3%	$34.3 $58.6
Amortisation
EBIT	$208.8 $9.1	$217.9 $190.8 +14.2%	$221.4
EBIT ex Margin Income	$156.1 $1.7	$157.8 $135.2 +16.7%	$159.3
EBIT ex Margin Income margin (%) Interest expense	15.2% 2.4% $26.9 -$0.4	14.4% 12.9% +150bps $26.5 $27.6 -4.0%	14.4% $27.2
Profit Before Tax	$181.8 $9.6	$191.4 $163.1 17.4%	$194.2
Income tax expense	$51.4 $2.6	$53.9 $45.3 19.0%	$54.7
Management NPAT	$130.4 $7.0	$137.4 $117.9 16.5%	$139.5
Management EPS (cents)1	21.59 1.16	22.76 21.79 4.5%	23.10

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10 Notes:[1 ] 1H21 assumes a WANOS of 540,879,593 and 1H22 assumes a WANOS of 603,729,336.

Issuer Services

Registry and Governance Services continue to grow, weaker event revenue

Mgmt EBIT ex. MI

$97.5m 6.3% Margin: 130bps 22.2%

FY22 key priorities

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Ongoing front office investment to leverage client relationships

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Investment in product innovation and client experience

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Drive organic growth in new market segments

Revenue breakdown	1H22 CC	1H21 Actual	CC Variance
Register Maintenance*	$317.3	$306.4	+3.6%
Corporate Actions* Stakeholder Relationship Management	$50.2 $26.3	$66.4 $35.5	-24.4% -25.9%
Governance Services Margin Income Total revenue	$44.7 $17.9 $456.4	$34.6 $22.1 $465.0	+29.2% -19.0% -1.8%
Mgmt EBITDA	$116.8	$127.9	-8.7%
Mgmt EBITDA margin	25.6%	27.5%	-190bps
* Revenue excluding Margin Income

Global managed shareholder accounts (millions)

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FY18 FY19 FY20 FY21 1H22
Registry Global 293 354 195 281 188 38.5 38.2 38.3
Net Wins [1] 38.1
37.9
• 22% increase in new registry client wins versus FY21 38.0
1H and increase in wallet share in key regions
37.5
• Virtual Meeting offering rolled out in 9 countries with
938 meetings held 37.0
36.7 36.7
• Successful Launch of UK Share Dealing product 36.5
• Private REITS platform and sales offering enhanced in 36.5
the US
36.0
• Registered Agent units under management up 9% 35.5
with new clients. Strong Company Secretarial pipeline FY19Q2 FY19Q4 FY20Q2 FY20Q4 FY21Q2 FY21Q4 FY22Q2
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Steady growth demonstrated since FY19 and increase from FY21

1 Excludes uncontrollable losses (eg Delisting, M&A).

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Employee Share Plans

Equate+ platform drives market share gains and margin expansion

Mgmt EBIT ex. MI $31.8m 122.4% Margin: 1000bps 20.7%

Revenue breakdown	1H22 CC	1H21 Actual	CC Variance
Fee revenue	$73.6	$69.8	+5.4%
Transactional revenue Other revenue	$73.1 $6.8	$58.7 $5.9	+24.5% +15.3%
Margin income Total revenue Mgmt EBITDA Mgmt EBITDA margin	$1.2 $154.8 $35.7 23.1%	$2.3 $136.7 $19.3 14.1%	- 47.8% +13.2% +85.0% +900bps

FY22 key priorities

Outstanding shares and options under administration

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Strong client fee growth Progress the rollout of Equate+

Continued growth in units under admin

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+$3.8m YoY with $2.2m in EMEA. Transactional revenues continue to recover

Strong sales results and pipeline in regions with Equate+. Global rollout of platform delayed due to travel restrictions

Units under admin continue to increase, 5% up vs. pcp. AuA value up 3% to $240bn

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300 30
AuA Shares/Options/Units
250 25
200 20
150 15
100 10
50 5
0 0
FY18Q3 FY18Q4 FY19Q1 FY19Q2 FY19Q3 FY19Q4 FY20Q1 FY20Q2 FY20Q3 FY20Q4 FY21Q1 FY21Q2 FY21Q3 FY21Q4 FY22Q1 FY22Q2
AuA ($bn)
Shares/Options/Units (Bn)
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› Outstanding shares/options/units under administration increased 5% YoY to 28bn as the equitisation of remuneration trend continues with many corporates issuing equity deeper into the organisations.

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Mortgage Services

Macro environment impacts US performance, outlook improving

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Mgmt EBIT ex. MI [2]
-$2.5m 7.4%
Margin:
Flat
-0.9%
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Revenue breakdown	1H22 CC	1H21 Actual	CC Variance
US Mortgage Services*	$212.8	$213.1	-0.1%
US Mortgage Services Margin Income	$1.2	$2.1	-42.9%
UK Mortgage Services	$55.2	$68.7	-19.7%
Total revenue	$269.2	$283.9	-5.2%
Mgmt EBITDA1	$55.6	$47.0	+18.3%
Mgmt EBITDA margin	20.7%	16.6%	+410bps

Revenue excluding Margin Income

FY22 key priorities

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Execute capital recycling transactions to drive subservicing volume

Implement new loan X origination system and new client pipeline

Evaluate opportunities to maximise shareholder value in UK operations

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Recycled $121m capital, increasing sub-serviced UPB by 21%. Increase in advances due to timing differences

Loan origination system live but client growth delayed to 2H

Sale under consideration. Assets held for sale on Balance Sheet

Stable UPB, growth in Sub-Servicing

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140.0
120.0
100.0
80.0
60.0
40.0
20.0
-
Total UPB ($) Sub-servicing UPB ($)
UPB ($bn)
Dec-14 Jun-15 Dec-15 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 Jun-19 Dec-19 Jun-20 Dec-20 Jun-21 Dec-21
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13 1 UK Mortgage Services EBITDA $4.9m in 1H22 and ($0.7m) in 1H21. 2 1H22 UK Mortgages EBIT ex MI $4.4m, US Mortgages EBIT ex Margin Income loss $6.9m, margin -3.3%.

Business Services

Consistent Corporate Trust offset by reduced event based revenues

Mgmt EBIT ex. Margin Income $6.3m 51.2% Margin: 420bps 8.9%

Revenue breakdown	1H22 CC	1H21 Actual	CC Variance
Corporate Trust*	$26.4	$25.8	+2.3%
Bankruptcy*	$16.3	$41.3	-60.5%
Class Actions*	$28.4	$31.6	-10.1%
Margin Income	$11.6	$15.7	-26.1%
Total revenue	$82.6	$114.4	-27.8%
Mgmt EBITDA	$18.7	$29.5	-36.6%
Mgmt EBITDA margin	22.6%	25.8%	-320bps

Revenue excluding Margin Income

FY22 key priorities

Corporate Trust Canada, positive long-term trends

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Continue to add corporate trust mandates

Improve Class Actions X and Bankruptcy growth and profitability

Focus on global and large scale Class Action opportunities

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Corporate Trust steady revenue fee growth +2.3%

Low case filing levels impacted Bankruptcy and Class Actions performance

We continue to manage several large Class Action projects

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Debt under Administration CAD (bn) 60 Fee Revenue USD (M)
2,500 10-year CAGR 4.2% 9-year CAGR 6.2%
50
2,000
40
1,500 30
1,000 20
500 10
0 0
FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 1H22 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 1H22
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Computershare Corporate Trust (CCT)

Results exceed expectations, significant leverage to rising interest rates (acquisition completed 1[st] November)

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Mgmt EBIT ex. Margin Income Revenue breakdown 1H22 CC
MMF Fee Revenue $2.2
$1.7m Other Fee Revenue $67.1
Margin Income $7.5
Margin: Total revenue $76.7
2.4% Mgmt EBITDA $9.6
Mgmt EBITDA margin 12.5%
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10-year CAGR 5.5%
400
350
300
250
200
150
100
50
0
FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21
Trust fee revenue (USD M)
364
349
321 318 324 335
284
260
241
225
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Separation and integration plan underway

6-12 months

12-24 months

24+ months

❑ Ongoing separation activity: Infrastructure build and key system migrations in full swing to separate from Wells Fargo
❑ Client contract reviews/restricted account strategy
❑ Technology Transition
❑ Deposit Transfers from Wells Fargo
❑ Steady State to be achieved (Business fully integrated and operating at full capacity)
❑ Separation from Wells Fargo
❑ Synergy target of $80 million achieved by Year 5 post-close
❑ Offshore captive set-up

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Includes 2 months contribution in 1H22.

1H22 Operating expense analysis Cost controls offset underlying inflation

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843.6
825.1
189.2
202.9 BAU Opex -1.5%
0.7 9.0
15.7
23.0 14.1 65.3 654.5
606.6 597.6
USD M
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1 1H22 one off Delayed 1H22 operating Add 1H22 1H22 total costs recruitment expenses cost of sales operating costs

1H21 total Less 1H21 Less 1H21 1H21 operating Cost out Underlying BAU cost base operating costs cost of sales one off costs expenses program inflation savings

CCT

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1 Total operating costs of $67.2m of which $65.3m is operating expenses and $1.9m cost of sales.

Cost out programs – 1H22

Over $40m of gross savings in FY22, deferral of Equate+ rollout

$M		Benefit realisation (cumulative)
Activity	Total cost savings estimates	FY21A FY22E FY22 change vs. last FY23E FY24E Total change vs. last disclosure2
Stage 1 Total	25 - 30	disclosure2 28.1 28.1 ► 0.0 28.1 28.1 COMPLETE
Stage 2 Total	60 - 70	64.3 66.4 ► (0.3) 66.4 66.4 ▼ 0.3m
Stage 3 Total	40 - 70	35.6 42.3 ▼ (3.3) 52.1 66.8 ▲ 0.6m
Total estimate	125 - 170	128.0 136.8 ▼ (3.6) 146.6 161.3 ▲0.3m
Equatex synergies	40	12.6 18.0 ▼ (6.0) 29.8 31.7 ▼ 8.3m
UK Mortgage Services1	80	54.1 81.5 ▲ 6.5 81.5 81.5 ▲6.5m
Total cost savings	245-290	194.7 236.3 ▼ (3.1) 257.9 274.5 ▼1.5m
Cost to achieve (post tax)3		146.2 185-195 ► 0.0 205-210 225-230 ▲ 20-25m

› UK Mortgage Services cost out program progressing well and expected to complete at the end of FY22.
› Equatex: Delays in Australia predominantly due to inability to deploy global resources into Australia and pandemic related impacts on upgrade timetable. Revised numbers for FY23/24 reflect the consequential delay in the rest of the world program and largely the revised timing of the retirement of legacy systems. No change to overall expected total savings.

Notes:[1] This does not include the GBP27.0m of IT costs that ceased post migration to single platform[2 ] Last disclosure at FY21 and included cumulative benefits up to FY24[3] Costs to achieve are cumulative.

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Cash flow and leverage

Leverage ratio of 2.02x, within target range

Cashflow Waterfall

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Free cash flow
$181.5m
203.3
-12.3 -9.5 -101.9
-633.4
-713.0
Net operating Capex Net MSR spend Net acquisitions Dividends Net cash flow
cash flow and disposals
(ex SLS advances)
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Net Debt / EBITDA[1] (x)

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2.25x
Leverage
2.02x
target 1.93x
range
1.75x
1.07x
FY20 FY21 1H22
Net Debt (USD M) 1,244.9 673.7 [^] 1,342.2
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1 Excludes non-recourse SLS Advance debt.

Net cash payments for MSR purchases of $9.5m in 1H22 (purchases of $124.3m and sales of $114.8m). **Includes disposal of Milestone $16.7m.

The FY21 leverage ratio of 1.07x includes proceeds of rights issue which was deployed on the CCT acquisition in 1H22.[^] $620.2m of gross proceeds received for rights issue.

1H22 leverage ratio of 2.02x assumes 2 months EBITDA contribution from CCT. If we were to include 10 months pre acquisition EBITDA of $51.9m, the leverage ratio would have been 1.87x. The net debt calculation of $1,342.2m includes $33.0m of cash classified as an “asset held for sale”.

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Conclusions

1H FY22 Results ahead of expectations

› Management EPS +4.5% includes full impact of rights issue
› EBIT ex MI, reflecting underlying operating performance, +16.7% vs. pcp
› Growth in Register Maintenance, Governance Services and Employee Share Plans offset by lower event activity
› CCT performing ahead of plan on fee income with significant leverage to rising rates
› US Mortgage Services affected by macro conditions, outlook improving. Sale process of UK Mortgage Services underway
› Balance sheet leverage improved to middle of target range at 2x. Interim dividend declared at 24 cps, +4.3% franked at 40%

FY22 Full year guidance upgraded

› Management EPS growth upgraded to around 9%, from 2%
› Management EBIT ex MI growth upgraded to over 13%, from 4%
› Margin Income guidance upgraded by 5% to $152m
› Upgrade supported by 1H results ahead of expectations, key operating businesses continuing to perform well, higher CCT contribution and benefit of expected US rate rise in Q4

Executing our strategy to build strong, efficient businesses with greater scale and leverage to positive growth trends and increased optionality

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APPENDICES

1. Constant currency analysis

2. Analysis at actual fx rates

Key Financial Indicators
Computershare Profit and Loss
Group summary by Business Segment
Business Segment Profit and Loss
Employee Share Plans Profit and Loss
UK and US Mortgage Services Profit and Loss, including UPB and number of loans
US Mortgage Services - Invested capital
Regional and Country split of Revenue
Revenue, EBITDA and EBIT by Region
Revenue excluding acquisitions and disposals
Statutory results and management adjustments
Other expenditure
Client balances and Margin Income
Profile of our swap and fixed rate deposit book and floating rate deposits
Margin Income sensitivity analysis
Debt Facility Maturity Profile
Balance Sheet
Cash Flow
Exchange Rates

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1H22 Management results – constant currency and actual rates

USD M	At CC	At Actual fx
Total Revenue ex MI	1,093.5	1,109.4
Margin Income	60.1	62.1
Total Management Revenue	1,153.6	1,171.5
Operating expenditure	843.6	857.4
Share of net profit/(loss) of associates and jv	0.2	0.2
Management EBITDA	310.2	314.4
Depreciation	33.7	34.3
Amortisation	58.6	58.6
Depreciation & Amortisation	92.3	92.9
Management EBIT	217.9	221.4
Management EBIT ex MI	157.8	159.3
Management EBIT Margin	19%	19%
Management EBIT ex MI Margin	14%	14%
Interest Expense	26.5	27.2
Management PBT	191.4	194.2
Management Income Tax Expense	53.9	54.7
OEI	-0.1	-0.1
Management NPAT	137.4	139.5
Management EPS including rights issue (cps)	22.76	23.10

	Revenue	Revenue	Margin Income	Margin Income
	At CC At Actual fx		At CC At Actual fx
Issuer Services	456.4	463.0	17.9	18.3
Mortgage Services & PropertyRental Services	290.2	294.4	22.0	23.1
Employee Share Plans & Voucher Services	160.0	163.4	1.2	1.2
Business Services	82.6	84.9	11.6	12.0
Communication Services & Utilities	83.0	84.5	0.0	0.0
Corporate & Technology	4.5	4.6	0.0	0.0
Computershare Corporate Trust	76.7	76.7	7.5	7.5
Total	1,153.6	1,171.5	60.1	62.1

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EBITDA EBIT
At CC At Actual fx At CC At Actual fx
Issuer Services 116.8 118.1 115.5 116.7
Mortgage Services & Property Rental Services 70.2 71.3 13.3 14.3
Employee Share Plans & Voucher Services 39.5 40.4 36.7 37.7
Business Services 18.7 20.1 17.9 19.3
Communication Services & Utilities 12.9 13.2 10.5 10.8
Corporate & Technology 42.5 41.7 14.9 13.5
Computershare Corporate Trust 9.6 9.5 9.1 9.1
Total 310.2 314.4 217.9 221.4
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CC = Constant Currency. 1H22 numbers have been translated to USD at 1H21 average fx rates.

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Revenue, Margin Income, EBITDA and EBIT – constant currency

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Revenue 1H21 2H21 1H22 1H22 v 21
Issuer Services 465.0 534.3 456.4 -1.8%
Mortgage Services & Property Rental Services 297.8 311.2 290.2 -2.6%
Employee Share Plans & Voucher Services 143.0 190.0 160.0 11.9%
Business Services 114.4 95.7 82.6 -27.8%
Communication Services & Utilities 81.4 88.3 83.0 2.0%
Corporate & Technology 0.9 0.7 4.5 400.0%
Computershare Corporate Trust 0.0 0.0 76.7 0.0%
Total Revenue 1,102.5 1,220.3 1,153.6 4.6%
Margin Income 1H21 2H21 1H22 1H22 v 21
Issuer Services 22.1 22.1 17.9 -19.0%
Mortgage Services & Property Rental Services 15.5 13.8 22.0 41.9%
Employee Share Plans & Voucher Services 2.3 1.9 1.2 -47.8%
Business Services 15.7 13.7 11.6 -26.1%
Communication Services & Utilities 0.0 0.0 0.0 0.0%
Corporate & Technology 0.0 0.0 0.0 0.0%
Computershare Corporate Trust 0.0 0.0 7.5 0.0%
Total Margin Income 55.5 51.5 60.1 8.3%
EBITDA 1H21 2H21 1H22 1H22 v 21
Issuer Services 127.9 151.4 116.8 -8.7%
Mortgage Services & Property Rental Services 53.6 61.2 70.2 31.0%
Employee Share Plans & Voucher Services 23.9 63.7 39.5 65.3%
Business Services 29.5 23.4 18.7 -36.6%
Communication Services & Utilities 10.9 19.9 12.9 18.3%
Corporate & Technology 31.9 30.9 42.5 33.2%
Computershare Corporate Trust 0.0 0.0 9.6 0.0%
Total EBITDA 277.7 350.5 310.2 11.7%
EBIT 1H21 2H21 1H22 1H22 v 21
Issuer Services 126.2 150.0 115.5 -8.5%
Mortgage Services & Property Rental Services 5.3 4.7 13.3 150.9%
Employee Share Plans & Voucher Services 21.2 60.9 36.7 73.1%
Business Services 28.6 22.5 17.9 -37.4%
Communication Services & Utilities 8.6 17.4 10.5 22.1%
Corporate & Technology 0.9 -0.2 14.9 1555.6%
Computershare Corporate Trust 0.0 0.0 9.1 0.0%
Total EBIT 190.8 255.3 217.9 14.2%
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----- Start of picture text -----

CEU
ANZ
3%
10%
UCIA Asia
20% 5%
Revenue
Canada $1,153.6m
7%
USA
55%
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----- Start of picture text -----

CEU ANZ
2% 5%
Asia
UCIA
9%
18%
EBITDA
Canada
14% $310.2m
USA
52%
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ACTUAL FX RATE ANALYSIS

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High quality core industrial drives consistent operating performance

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25.3% 25.8%
24.6%
2,000 23.3% 23.1% 23.6% 25%
22.1%
21.3%
18.9%
20%
17.3%
1,500
1,172
1,128 1,128 1,124 1,102
15%
986 977 960 939 1,003 240
1,000 296 270 245 269
217
287 246 233 222
10%
500
700 731 727 716 786 832 858 880 833 931 5%
0 0%
1H13 1H14 1H15 1H16 1H17 1H18 1H19 1H20 1H21 1H22
Recurring Non recurring EBIT Margin
USD M
Total Revenue EBIT Margin %
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Key Financial Indicators

	1H17 2H17 1H18 2H18 1H19 2H19 1H20 2H20 1H21 2H21	1H17 2H17 1H18 2H18 1H19 2H19 1H20 2H20 1H21 2H21	1H17 2H17 1H18 2H18 1H19 2H19 1H20 2H20 1H21 2H21	1H17 2H17 1H18 2H18 1H19 2H19 1H20 2H20 1H21 2H21	1H17 2H17 1H18 2H18 1H19 2H19 1H20 2H20 1H21 2H21	1H17 2H17 1H18 2H18 1H19 2H19 1H20 2H20 1H21 2H21	1H17 2H17 1H18 2H18 1H19 2H19 1H20 2H20 1H21 2H21	1H17 2H17 1H18 2H18 1H19 2H19 1H20 2H20 1H21 2H21	1H17 2H17 1H18 2H18 1H19 2H19 1H20 2H20 1H21 2H21	1H17 2H17 1H18 2H18 1H19 2H19 1H20 2H20 1H21 2H21
Total Management Revenue Operating expenditure
Management EBITDA	241.3	299.5	293.4	329.3	331.4	343.4	336.6	309.7	277.7	350.5
Management EBIT	214.0	267.6	260.8	293.8	291.3	298.8	265.9	232.2	190.8	255.3
Management EBIT ex Margin Income	147.4	198.0	181.2	193.9	166.1	177.5	149.9	148.8	135.2	203.8
EBIT Margin % EBIT ex MI Margin % Management Profit Before Tax
Management NPAT	140.6	156.7	166.8	177.9	189.9	191.5	157.0	146.9	117.9	165.9
Management EPS (US cps)	25.74	28.68	30.62	32.76	34.97	35.27	28.96	26.61	21.58	29.13
Management EPS (AU cps)	34.13	38.22	39.38	42.31	48.03	49.84	42.35	40.39	30.44	37.83
Statutory NPAT	150.2	116.2	171.2	128.9	259.4	156.4	124.7	108.0	72.6	116.4
Statutory EPS (US cps)	27.48	21.28	31.43	23.74	47.77	28.80	23.00	19.55	13.28	20.49
Revenue split - Recurring Revenue split - Non Recurring
Weighted average number of shares1
Net operating cash flows excluding SLS advances Operating cash to EBITDA conversion ratio Days Sales Outstanding Dividend(AU cents) Franking(%) Dividend payout ratio ROE3 ROIC3 Net debt to EBITDA2

1 Weighted average number of ordinary shares used as denominator in calculating basic earnings per share as at December (1H) or June (FY). The 2H EPS is the difference between FY and 1H EPS. 1H21 has been restated by adjusting the weighted average number of ordinary shares in order to incorporate the bonus element in the 2021 rights issue, as per AASB 133 (from 540,879,593 to 546,234,027)

2 Ratio excluding non-recourse SLS Advance debt and lease liabilities (the latter effective from 1H20).

3 As at Dec (1H) and June (2H).

Notable acquisitions: Equatex Group Holding AG (9th Nov 18), LenderLive Financial Services, LLC (31st Dec 18), Corporate Creations (28th February 20), Verbatim LLC (1st July 20), Wells Fargo Corporate Trust Services (1st November 2021).

Notable divestments: INVeSHARE (16th Sep 16), Karvy – 50% interest (17th Nov 18)

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Computershare Profit & Loss

USD M (at actual rates)
1H19
2H19
1H20
2H20
1H21
2H21
Total Revenue ex MI
1,002.6
1,107.5
1,008.3
1,073.5
1,046.9
1,168.9
Margin Income
125.2
121.2
116.0
83.4
55.5
51.5
Total Management Revenue
1,127.8
1,228.7
1,124.3
1,156.9
1,102.5
1,220.3
Operating expenditure
795.4
885.3
787.8
847.3
825.1
869.9
Share of net profit/(loss) of associates and jv
-1.0
0.0
0.2
0.1
0.4
0.0
Management EBITDA
331.4
343.4
336.6
309.7
277.7
350.5
Depreciation
18.9
18.6
38.0
39.5
38.3
36.8
Amortisation
21.2
26.0
32.8
38.1
48.7
58.4
Depreciation & Amortisation
40.1
44.7
70.8
77.6
87.0
95.2
Management EBIT
291.3
298.8
265.9
232.2
190.8
255.3
Management EBIT ex MI
166.1
177.5
149.9
148.8
135.2
203.8
Management EBIT Margin
25.8%
24.3%
23.6%
20.1%
17.3%
20.9%
Management EBIT ex MI Margin
16.6%
16.0%
14.9%
13.9%
12.9%
17.4%
Interest Expense
32.5
34.2
36.2
30.1
27.6
27.2
Management PBT
258.8
264.6
229.7
202.0
163.1
228.0
Management Income Tax Expense
65.8
73.0
72.6
55.2
45.3
61.9
OEI
-3.1
-0.1
-0.1
0.0
0.1
-0.3
Management NPAT
189.9
191.5
157.0
146.9
117.9
165.9
Management Adjustments (after tax)1
Amortisation
-18.6
-21.5
-20.8
-21.8
-21.4
-21.3
Acquisitions and Disposals
92.2
-5.8
-5.9
0.0
-4.7
-19.8
Other
-4.1
-7.8
-5.5
-17.2
-19.2
-8.3
Total Management Adjustments
69.5
-35.1
-32.3
-39.0
-45.3
-49.4
Statutory NPAT
259.4
156.4
124.7
108.0
72.6
116.4
Management EPS (cps)
34.97
35.27
28.96
26.61
21.58
29.13
Statutory EPS (cps)
47.77
28.80
23.00
19.55
13.28
20.49
Mgt ETR
25.4%
27.6%
31.6%
27.3%
27.8%
27.1%
Stat ETR
20.2%
21.5%
32.8%
22.1%
30.5%
29.6%

FY19
FY20
FY21
1H22
2,110.1
2,081.8
2,215.8
1,109.4
246.5
199.4
107.0
62.1
2,356.5
2,281.2
2,322.8
1,171.5
1,680.7
1,635.1
1,695.0
857.4
-1.0
0.2
0.4
0.2
674.9
646.4
628.2
314.4
37.5
77.5
75.0
34.3
47.3
70.8
107.1
58.6
84.8
148.3
182.2
92.9
590.1
498.0
446.1
221.4
343.6
298.7
339.1
159.3
25.0%
21.8%
19.2%
18.9%
16.3%
14.3%
15.3%
14.4%
66.7
66.3
54.9
27.2
523.4
431.7
391.2
194.2
138.8
127.8
107.2
54.7
-3.2
-0.1
-0.2
-0.1
381.4
303.8
283.7
139.5
-40.1
-42.6
-42.7
-20.4
86.4
-5.9
-24.5
-20.4
-11.9
-22.7
-27.5
-6.6
34.4
-71.2
-94.8
-47.4
415.7
232.7
189.0
92.1
70.24
55.57
50.71
23.10
76.57
42.55
33.77
15.25
26.5%
29.6%
27.4%
28.2%
20.7%
28.2%
30.0%
29.9%

==> picture [106 x 21] intentionally omitted <==

1 Refer to slide 47 for detail on management adjustments.

Summary – Revenue and Margin Income

USD M (at actual rates)

Revenue	1H19 2H19 1H20 2H20 1H21 2H21 471.8 480.0 424.3 470.4 465.0 534.3 302.4 343.7 343.9 321.3 297.8 311.2 126.6 181.1 148.8 155.8 143.0 190.0 134.1 132.6 120.8 122.8 114.4 95.7 87.6 90.2 83.1 85.7 81.4 88.3 5.4 1.0 3.3 0.9 0.9 0.7 0.0 0.0 0.0 0.0 0.0 0.0 1,127.8 1,228.7 1,124.3 1,156.9 1,102.5 1,220.3 1H19 2H19 1H20 2H20 1H21 2H21 61.1 51.3 44.4 34.3 22.1 22.1 26.4 31.8 32.3 20.8 15.5 13.8 7.1 8.8 6.4 5.0 2.3 1.9 30.7 29.4 32.9 23.4 15.7 13.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 125.2 121.2 116.0 83.4 55.5 51.5 1H19 2H19 1H20 2H20 1H21 2H21 410.7 428.7 380.0 436.1 442.9 512.2 276.0 311.9 311.5 300.5 282.2 297.4 119.5 172.4 142.4 150.8 140.7 188.1 103.4 103.2 88.0 99.4 98.7 82.0 87.6 90.2 83.1 85.7 81.4 88.3 5.4 1.0 3.3 1.0 0.9 0.7 0.0 0.0 0.0 0.0 0.0 0.0 1,002.6 1,107.5 1,008.3 1,073.5 1,046.9 1,168.9	1H19 2H19 1H20 2H20 1H21 2H21 471.8 480.0 424.3 470.4 465.0 534.3 302.4 343.7 343.9 321.3 297.8 311.2 126.6 181.1 148.8 155.8 143.0 190.0 134.1 132.6 120.8 122.8 114.4 95.7 87.6 90.2 83.1 85.7 81.4 88.3 5.4 1.0 3.3 0.9 0.9 0.7 0.0 0.0 0.0 0.0 0.0 0.0 1,127.8 1,228.7 1,124.3 1,156.9 1,102.5 1,220.3 1H19 2H19 1H20 2H20 1H21 2H21 61.1 51.3 44.4 34.3 22.1 22.1 26.4 31.8 32.3 20.8 15.5 13.8 7.1 8.8 6.4 5.0 2.3 1.9 30.7 29.4 32.9 23.4 15.7 13.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 125.2 121.2 116.0 83.4 55.5 51.5 1H19 2H19 1H20 2H20 1H21 2H21 410.7 428.7 380.0 436.1 442.9 512.2 276.0 311.9 311.5 300.5 282.2 297.4 119.5 172.4 142.4 150.8 140.7 188.1 103.4 103.2 88.0 99.4 98.7 82.0 87.6 90.2 83.1 85.7 81.4 88.3 5.4 1.0 3.3 1.0 0.9 0.7 0.0 0.0 0.0 0.0 0.0 0.0 1,002.6 1,107.5 1,008.3 1,073.5 1,046.9 1,168.9	1H19 2H19 1H20 2H20 1H21 2H21 471.8 480.0 424.3 470.4 465.0 534.3 302.4 343.7 343.9 321.3 297.8 311.2 126.6 181.1 148.8 155.8 143.0 190.0 134.1 132.6 120.8 122.8 114.4 95.7 87.6 90.2 83.1 85.7 81.4 88.3 5.4 1.0 3.3 0.9 0.9 0.7 0.0 0.0 0.0 0.0 0.0 0.0 1,127.8 1,228.7 1,124.3 1,156.9 1,102.5 1,220.3 1H19 2H19 1H20 2H20 1H21 2H21 61.1 51.3 44.4 34.3 22.1 22.1 26.4 31.8 32.3 20.8 15.5 13.8 7.1 8.8 6.4 5.0 2.3 1.9 30.7 29.4 32.9 23.4 15.7 13.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 125.2 121.2 116.0 83.4 55.5 51.5 1H19 2H19 1H20 2H20 1H21 2H21 410.7 428.7 380.0 436.1 442.9 512.2 276.0 311.9 311.5 300.5 282.2 297.4 119.5 172.4 142.4 150.8 140.7 188.1 103.4 103.2 88.0 99.4 98.7 82.0 87.6 90.2 83.1 85.7 81.4 88.3 5.4 1.0 3.3 1.0 0.9 0.7 0.0 0.0 0.0 0.0 0.0 0.0 1,002.6 1,107.5 1,008.3 1,073.5 1,046.9 1,168.9	1H19 2H19 1H20 2H20 1H21 2H21 471.8 480.0 424.3 470.4 465.0 534.3 302.4 343.7 343.9 321.3 297.8 311.2 126.6 181.1 148.8 155.8 143.0 190.0 134.1 132.6 120.8 122.8 114.4 95.7 87.6 90.2 83.1 85.7 81.4 88.3 5.4 1.0 3.3 0.9 0.9 0.7 0.0 0.0 0.0 0.0 0.0 0.0 1,127.8 1,228.7 1,124.3 1,156.9 1,102.5 1,220.3 1H19 2H19 1H20 2H20 1H21 2H21 61.1 51.3 44.4 34.3 22.1 22.1 26.4 31.8 32.3 20.8 15.5 13.8 7.1 8.8 6.4 5.0 2.3 1.9 30.7 29.4 32.9 23.4 15.7 13.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 125.2 121.2 116.0 83.4 55.5 51.5 1H19 2H19 1H20 2H20 1H21 2H21 410.7 428.7 380.0 436.1 442.9 512.2 276.0 311.9 311.5 300.5 282.2 297.4 119.5 172.4 142.4 150.8 140.7 188.1 103.4 103.2 88.0 99.4 98.7 82.0 87.6 90.2 83.1 85.7 81.4 88.3 5.4 1.0 3.3 1.0 0.9 0.7 0.0 0.0 0.0 0.0 0.0 0.0 1,002.6 1,107.5 1,008.3 1,073.5 1,046.9 1,168.9	1H19 2H19 1H20 2H20 1H21 2H21 471.8 480.0 424.3 470.4 465.0 534.3 302.4 343.7 343.9 321.3 297.8 311.2 126.6 181.1 148.8 155.8 143.0 190.0 134.1 132.6 120.8 122.8 114.4 95.7 87.6 90.2 83.1 85.7 81.4 88.3 5.4 1.0 3.3 0.9 0.9 0.7 0.0 0.0 0.0 0.0 0.0 0.0 1,127.8 1,228.7 1,124.3 1,156.9 1,102.5 1,220.3 1H19 2H19 1H20 2H20 1H21 2H21 61.1 51.3 44.4 34.3 22.1 22.1 26.4 31.8 32.3 20.8 15.5 13.8 7.1 8.8 6.4 5.0 2.3 1.9 30.7 29.4 32.9 23.4 15.7 13.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 125.2 121.2 116.0 83.4 55.5 51.5 1H19 2H19 1H20 2H20 1H21 2H21 410.7 428.7 380.0 436.1 442.9 512.2 276.0 311.9 311.5 300.5 282.2 297.4 119.5 172.4 142.4 150.8 140.7 188.1 103.4 103.2 88.0 99.4 98.7 82.0 87.6 90.2 83.1 85.7 81.4 88.3 5.4 1.0 3.3 1.0 0.9 0.7 0.0 0.0 0.0 0.0 0.0 0.0 1,002.6 1,107.5 1,008.3 1,073.5 1,046.9 1,168.9	1H19 2H19 1H20 2H20 1H21 2H21 471.8 480.0 424.3 470.4 465.0 534.3 302.4 343.7 343.9 321.3 297.8 311.2 126.6 181.1 148.8 155.8 143.0 190.0 134.1 132.6 120.8 122.8 114.4 95.7 87.6 90.2 83.1 85.7 81.4 88.3 5.4 1.0 3.3 0.9 0.9 0.7 0.0 0.0 0.0 0.0 0.0 0.0 1,127.8 1,228.7 1,124.3 1,156.9 1,102.5 1,220.3 1H19 2H19 1H20 2H20 1H21 2H21 61.1 51.3 44.4 34.3 22.1 22.1 26.4 31.8 32.3 20.8 15.5 13.8 7.1 8.8 6.4 5.0 2.3 1.9 30.7 29.4 32.9 23.4 15.7 13.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 125.2 121.2 116.0 83.4 55.5 51.5 1H19 2H19 1H20 2H20 1H21 2H21 410.7 428.7 380.0 436.1 442.9 512.2 276.0 311.9 311.5 300.5 282.2 297.4 119.5 172.4 142.4 150.8 140.7 188.1 103.4 103.2 88.0 99.4 98.7 82.0 87.6 90.2 83.1 85.7 81.4 88.3 5.4 1.0 3.3 1.0 0.9 0.7 0.0 0.0 0.0 0.0 0.0 0.0 1,002.6 1,107.5 1,008.3 1,073.5 1,046.9 1,168.9	FY19 FY20 FY21 951.9 894.7 999.3 646.1 665.1 609.0 307.7 304.6 333.0 266.7 243.6 210.2 177.8 168.8 169.7 6.4 4.2 1.7 0.0 0.0 0.0 2,356.5 2,281.2 2,322.8 FY19 FY20 FY21 112.4 78.7 44.2 58.2 53.1 29.3 15.9 11.4 4.2 60.0 56.2 29.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 246.5 199.4 107.0 FY19 FY20 FY21 839.5 816.1 955.1 587.9 612.0 579.7 291.9 293.2 328.9 206.7 187.4 180.8 177.8 168.8 169.7 6.4 4.2 1.7 0.0 0.0 0.0 2,110.1 2,081.8 2,215.8	FY19 FY20 FY21 951.9 894.7 999.3 646.1 665.1 609.0 307.7 304.6 333.0 266.7 243.6 210.2 177.8 168.8 169.7 6.4 4.2 1.7 0.0 0.0 0.0 2,356.5 2,281.2 2,322.8 FY19 FY20 FY21 112.4 78.7 44.2 58.2 53.1 29.3 15.9 11.4 4.2 60.0 56.2 29.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 246.5 199.4 107.0 FY19 FY20 FY21 839.5 816.1 955.1 587.9 612.0 579.7 291.9 293.2 328.9 206.7 187.4 180.8 177.8 168.8 169.7 6.4 4.2 1.7 0.0 0.0 0.0 2,110.1 2,081.8 2,215.8	FY19 FY20 FY21 951.9 894.7 999.3 646.1 665.1 609.0 307.7 304.6 333.0 266.7 243.6 210.2 177.8 168.8 169.7 6.4 4.2 1.7 0.0 0.0 0.0 2,356.5 2,281.2 2,322.8 FY19 FY20 FY21 112.4 78.7 44.2 58.2 53.1 29.3 15.9 11.4 4.2 60.0 56.2 29.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 246.5 199.4 107.0 FY19 FY20 FY21 839.5 816.1 955.1 587.9 612.0 579.7 291.9 293.2 328.9 206.7 187.4 180.8 177.8 168.8 169.7 6.4 4.2 1.7 0.0 0.0 0.0 2,110.1 2,081.8 2,215.8	1H22
Issuer Services	471.8	480.0	424.3	470.4	465.0	534.3				463.0
Mortgage Services & Property Rental Services	302.4	343.7	343.9	321.3	297.8	311.2				294.4
Employee Share Plans & Voucher Services	126.6	181.1	148.8	155.8	143.0	190.0				163.4
Business Services	134.1	132.6	120.8	122.8	114.4	95.7				84.9
Communication Services & Utilities	87.6	90.2	83.1	85.7	81.4	88.3				84.5
Corporate & Technology	5.4	1.0	3.3	0.9	0.9	0.7				4.6
Computershare Corporate Trust	0.0	0.0	0.0	0.0	0.0	0.0				76.7
Total Revenue	1,127.8	1,228.7	1,124.3	1,156.9	1,102.5	1,220.3				1,171.5
Margin Income
										1H22
Issuer Services	61.1	51.3	44.4	34.3	22.1	22.1				18.3
Mortgage Services & Property Rental Services	26.4	31.8	32.3	20.8	15.5	13.8				23.1
Employee Share Plans & Voucher Services	7.1	8.8	6.4	5.0	2.3	1.9				1.2
Business Services	30.7	29.4	32.9	23.4	15.7	13.7				12.0
Communication Services & Utilities	0.0	0.0	0.0	0.0	0.0	0.0				0.0
Corporate & Technology	0.0	0.0	0.0	-0.0	0.0	0.0				0.0
Computershare Corporate Trust	0.0	0.0	0.0	0.0	0.0	0.0				7.5
Total Margin Income	125.2	121.2	116.0	83.4	55.5	51.5				62.1
Revenue excluding Margin Income
										1H22
Issuer Services	410.7	428.7	380.0	436.1	442.9	512.2	839.5	816.1	955.1	444.7
Mortgage Services & Property Rental Services	276.0	311.9	311.5	300.5	282.2	297.4	587.9	612.0	579.7	271.3
Employee Share Plans & Voucher Services	119.5	172.4	142.4	150.8	140.7	188.1	291.9	293.2	328.9	162.2
Business Services	103.4	103.2	88.0	99.4	98.7	82.0	206.7	187.4	180.8	72.9
Communication Services & Utilities	87.6	90.2	83.1	85.7	81.4	88.3	177.8	168.8	169.7	84.5
Corporate & Technology	5.4	1.0	3.3	1.0	0.9	0.7	6.4	4.2	1.7	4.6
Computershare Corporate Trust	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	69.3
Total Revenue excluding Margin Income	1,002.6	1,107.5	1,008.3	1,073.5	1,046.9	1,168.9	2,110.1	2,081.8	2,215.8	1,109.4

==> picture [106 x 21] intentionally omitted <==

Summary – EBITDA

USD M (at actual rates)

EBITDA	1H19 2H19 1H20 2H20 1H21 2H21 161.0 152.6 129.2 131.3 127.9 151.4 66.8 83.4 82.1 59.1 53.6 61.2 29.0 51.3 31.8 33.9 23.9 63.7 49.5 43.1 41.7 46.5 29.5 23.4 13.9 24.0 14.0 16.8 10.9 19.9 11.2 -11.0 37.8 22.1 31.9 30.9 0.0 0.0 0.0 0.0 0.0 0.0 331.4 343.4 336.6 309.7 277.7 350.5 1H19 2H19 1H20 2H20 1H21 2H21 99.9 101.3 84.8 97.0 105.8 129.3 40.4 51.6 49.8 38.3 38.1 47.4 21.9 42.5 25.4 28.9 21.6 61.8 18.8 13.7 8.8 23.1 13.8 9.7 13.9 24.0 14.0 16.8 10.9 19.9 11.2 -11.0 37.8 22.2 31.9 30.9 0.0 0.0 0.0 0.0 0.0 0.0 206.2 222.2 220.6 226.3 222.2 299.0 1H19 2H19 1H20 2H20 1H21 2H21 24.3% 23.6% 22.3% 22.2% 23.9% 25.2% 14.7% 16.5% 16.0% 12.8% 13.5% 15.9% 18.3% 24.7% 17.8% 19.2% 15.4% 32.9% 18.2% 13.3% 10.0% 23.3% 14.0% 11.8% 15.9% 26.6% 16.8% 19.6% 13.4% 22.5% n/a n/a n/a n/a n/a n/a 0.0 0.0 0.0 0.0 0.0 0.0 20.6% 20.1% 21.9% 21.1% 21.2% 25.6%	1H19 2H19 1H20 2H20 1H21 2H21 161.0 152.6 129.2 131.3 127.9 151.4 66.8 83.4 82.1 59.1 53.6 61.2 29.0 51.3 31.8 33.9 23.9 63.7 49.5 43.1 41.7 46.5 29.5 23.4 13.9 24.0 14.0 16.8 10.9 19.9 11.2 -11.0 37.8 22.1 31.9 30.9 0.0 0.0 0.0 0.0 0.0 0.0 331.4 343.4 336.6 309.7 277.7 350.5 1H19 2H19 1H20 2H20 1H21 2H21 99.9 101.3 84.8 97.0 105.8 129.3 40.4 51.6 49.8 38.3 38.1 47.4 21.9 42.5 25.4 28.9 21.6 61.8 18.8 13.7 8.8 23.1 13.8 9.7 13.9 24.0 14.0 16.8 10.9 19.9 11.2 -11.0 37.8 22.2 31.9 30.9 0.0 0.0 0.0 0.0 0.0 0.0 206.2 222.2 220.6 226.3 222.2 299.0 1H19 2H19 1H20 2H20 1H21 2H21 24.3% 23.6% 22.3% 22.2% 23.9% 25.2% 14.7% 16.5% 16.0% 12.8% 13.5% 15.9% 18.3% 24.7% 17.8% 19.2% 15.4% 32.9% 18.2% 13.3% 10.0% 23.3% 14.0% 11.8% 15.9% 26.6% 16.8% 19.6% 13.4% 22.5% n/a n/a n/a n/a n/a n/a 0.0 0.0 0.0 0.0 0.0 0.0 20.6% 20.1% 21.9% 21.1% 21.2% 25.6%	1H19 2H19 1H20 2H20 1H21 2H21 161.0 152.6 129.2 131.3 127.9 151.4 66.8 83.4 82.1 59.1 53.6 61.2 29.0 51.3 31.8 33.9 23.9 63.7 49.5 43.1 41.7 46.5 29.5 23.4 13.9 24.0 14.0 16.8 10.9 19.9 11.2 -11.0 37.8 22.1 31.9 30.9 0.0 0.0 0.0 0.0 0.0 0.0 331.4 343.4 336.6 309.7 277.7 350.5 1H19 2H19 1H20 2H20 1H21 2H21 99.9 101.3 84.8 97.0 105.8 129.3 40.4 51.6 49.8 38.3 38.1 47.4 21.9 42.5 25.4 28.9 21.6 61.8 18.8 13.7 8.8 23.1 13.8 9.7 13.9 24.0 14.0 16.8 10.9 19.9 11.2 -11.0 37.8 22.2 31.9 30.9 0.0 0.0 0.0 0.0 0.0 0.0 206.2 222.2 220.6 226.3 222.2 299.0 1H19 2H19 1H20 2H20 1H21 2H21 24.3% 23.6% 22.3% 22.2% 23.9% 25.2% 14.7% 16.5% 16.0% 12.8% 13.5% 15.9% 18.3% 24.7% 17.8% 19.2% 15.4% 32.9% 18.2% 13.3% 10.0% 23.3% 14.0% 11.8% 15.9% 26.6% 16.8% 19.6% 13.4% 22.5% n/a n/a n/a n/a n/a n/a 0.0 0.0 0.0 0.0 0.0 0.0 20.6% 20.1% 21.9% 21.1% 21.2% 25.6%	1H19 2H19 1H20 2H20 1H21 2H21 161.0 152.6 129.2 131.3 127.9 151.4 66.8 83.4 82.1 59.1 53.6 61.2 29.0 51.3 31.8 33.9 23.9 63.7 49.5 43.1 41.7 46.5 29.5 23.4 13.9 24.0 14.0 16.8 10.9 19.9 11.2 -11.0 37.8 22.1 31.9 30.9 0.0 0.0 0.0 0.0 0.0 0.0 331.4 343.4 336.6 309.7 277.7 350.5 1H19 2H19 1H20 2H20 1H21 2H21 99.9 101.3 84.8 97.0 105.8 129.3 40.4 51.6 49.8 38.3 38.1 47.4 21.9 42.5 25.4 28.9 21.6 61.8 18.8 13.7 8.8 23.1 13.8 9.7 13.9 24.0 14.0 16.8 10.9 19.9 11.2 -11.0 37.8 22.2 31.9 30.9 0.0 0.0 0.0 0.0 0.0 0.0 206.2 222.2 220.6 226.3 222.2 299.0 1H19 2H19 1H20 2H20 1H21 2H21 24.3% 23.6% 22.3% 22.2% 23.9% 25.2% 14.7% 16.5% 16.0% 12.8% 13.5% 15.9% 18.3% 24.7% 17.8% 19.2% 15.4% 32.9% 18.2% 13.3% 10.0% 23.3% 14.0% 11.8% 15.9% 26.6% 16.8% 19.6% 13.4% 22.5% n/a n/a n/a n/a n/a n/a 0.0 0.0 0.0 0.0 0.0 0.0 20.6% 20.1% 21.9% 21.1% 21.2% 25.6%	1H19 2H19 1H20 2H20 1H21 2H21 161.0 152.6 129.2 131.3 127.9 151.4 66.8 83.4 82.1 59.1 53.6 61.2 29.0 51.3 31.8 33.9 23.9 63.7 49.5 43.1 41.7 46.5 29.5 23.4 13.9 24.0 14.0 16.8 10.9 19.9 11.2 -11.0 37.8 22.1 31.9 30.9 0.0 0.0 0.0 0.0 0.0 0.0 331.4 343.4 336.6 309.7 277.7 350.5 1H19 2H19 1H20 2H20 1H21 2H21 99.9 101.3 84.8 97.0 105.8 129.3 40.4 51.6 49.8 38.3 38.1 47.4 21.9 42.5 25.4 28.9 21.6 61.8 18.8 13.7 8.8 23.1 13.8 9.7 13.9 24.0 14.0 16.8 10.9 19.9 11.2 -11.0 37.8 22.2 31.9 30.9 0.0 0.0 0.0 0.0 0.0 0.0 206.2 222.2 220.6 226.3 222.2 299.0 1H19 2H19 1H20 2H20 1H21 2H21 24.3% 23.6% 22.3% 22.2% 23.9% 25.2% 14.7% 16.5% 16.0% 12.8% 13.5% 15.9% 18.3% 24.7% 17.8% 19.2% 15.4% 32.9% 18.2% 13.3% 10.0% 23.3% 14.0% 11.8% 15.9% 26.6% 16.8% 19.6% 13.4% 22.5% n/a n/a n/a n/a n/a n/a 0.0 0.0 0.0 0.0 0.0 0.0 20.6% 20.1% 21.9% 21.1% 21.2% 25.6%	1H19 2H19 1H20 2H20 1H21 2H21 161.0 152.6 129.2 131.3 127.9 151.4 66.8 83.4 82.1 59.1 53.6 61.2 29.0 51.3 31.8 33.9 23.9 63.7 49.5 43.1 41.7 46.5 29.5 23.4 13.9 24.0 14.0 16.8 10.9 19.9 11.2 -11.0 37.8 22.1 31.9 30.9 0.0 0.0 0.0 0.0 0.0 0.0 331.4 343.4 336.6 309.7 277.7 350.5 1H19 2H19 1H20 2H20 1H21 2H21 99.9 101.3 84.8 97.0 105.8 129.3 40.4 51.6 49.8 38.3 38.1 47.4 21.9 42.5 25.4 28.9 21.6 61.8 18.8 13.7 8.8 23.1 13.8 9.7 13.9 24.0 14.0 16.8 10.9 19.9 11.2 -11.0 37.8 22.2 31.9 30.9 0.0 0.0 0.0 0.0 0.0 0.0 206.2 222.2 220.6 226.3 222.2 299.0 1H19 2H19 1H20 2H20 1H21 2H21 24.3% 23.6% 22.3% 22.2% 23.9% 25.2% 14.7% 16.5% 16.0% 12.8% 13.5% 15.9% 18.3% 24.7% 17.8% 19.2% 15.4% 32.9% 18.2% 13.3% 10.0% 23.3% 14.0% 11.8% 15.9% 26.6% 16.8% 19.6% 13.4% 22.5% n/a n/a n/a n/a n/a n/a 0.0 0.0 0.0 0.0 0.0 0.0 20.6% 20.1% 21.9% 21.1% 21.2% 25.6%	FY19 FY20 FY21 313.6 260.5 279.3 150.2 141.2 114.8 80.3 65.7 87.6 92.6 88.2 52.9 37.9 30.8 30.8 0.2 60.0 62.8 0.0 0.0 0.0 674.9 646.4 628.2 FY19 FY20 FY21 201.2 181.8 235.1 92.0 88.1 85.5 64.4 54.3 83.4 32.6 32.0 23.5 37.9 30.8 30.8 0.2 60.0 62.8 0.0 0.0 0.0 428.4 447.0 521.2 FY19 FY20 FY21 24.0% 22.3% 24.6% 15.7% 14.4% 14.8% 22.1% 18.5% 25.4% 15.8% 17.1% 13.0% 21.3% 18.2% 18.2% n/a n/a n/a 0.0 0.0 0.0 20.3% 21.5% 23.5%	FY19 FY20 FY21 313.6 260.5 279.3 150.2 141.2 114.8 80.3 65.7 87.6 92.6 88.2 52.9 37.9 30.8 30.8 0.2 60.0 62.8 0.0 0.0 0.0 674.9 646.4 628.2 FY19 FY20 FY21 201.2 181.8 235.1 92.0 88.1 85.5 64.4 54.3 83.4 32.6 32.0 23.5 37.9 30.8 30.8 0.2 60.0 62.8 0.0 0.0 0.0 428.4 447.0 521.2 FY19 FY20 FY21 24.0% 22.3% 24.6% 15.7% 14.4% 14.8% 22.1% 18.5% 25.4% 15.8% 17.1% 13.0% 21.3% 18.2% 18.2% n/a n/a n/a 0.0 0.0 0.0 20.3% 21.5% 23.5%	FY19 FY20 FY21 313.6 260.5 279.3 150.2 141.2 114.8 80.3 65.7 87.6 92.6 88.2 52.9 37.9 30.8 30.8 0.2 60.0 62.8 0.0 0.0 0.0 674.9 646.4 628.2 FY19 FY20 FY21 201.2 181.8 235.1 92.0 88.1 85.5 64.4 54.3 83.4 32.6 32.0 23.5 37.9 30.8 30.8 0.2 60.0 62.8 0.0 0.0 0.0 428.4 447.0 521.2 FY19 FY20 FY21 24.0% 22.3% 24.6% 15.7% 14.4% 14.8% 22.1% 18.5% 25.4% 15.8% 17.1% 13.0% 21.3% 18.2% 18.2% n/a n/a n/a 0.0 0.0 0.0 20.3% 21.5% 23.5%	1H22
Issuer Services	161.0	152.6	129.2	131.3	127.9	151.4				118.1
Mortgage Services & Property Rental Services	66.8	83.4	82.1	59.1	53.6	61.2				71.3
Employee Share Plans & Voucher Services	29.0	51.3	31.8	33.9	23.9	63.7				40.4
Business Services	49.5	43.1	41.7	46.5	29.5	23.4				20.1
Communication Services & Utilities	13.9	24.0	14.0	16.8	10.9	19.9				13.2
Corporate & Technology	11.2	-11.0	37.8	22.1	31.9	30.9				41.7
Computershare Corporate Trust	0.0	0.0	0.0	0.0	0.0	0.0				9.5
Total EBITDA	331.4	343.4	336.6	309.7	277.7	350.5				314.4
EBITDA excluding Margin Income
										1H22
Issuer Services	99.9	101.3	84.8	97.0	105.8	129.3				99.9
Mortgage Services & Property Rental Services	40.4	51.6	49.8	38.3	38.1	47.4				48.1
Employee Share Plans & Voucher Services	21.9	42.5	25.4	28.9	21.6	61.8				39.2
Business Services	18.8	13.7	8.8	23.1	13.8	9.7				8.1
Communication Services & Utilities	13.9	24.0	14.0	16.8	10.9	19.9				13.2
Corporate & Technology	11.2	-11.0	37.8	22.2	31.9	30.9				41.7
Computershare Corporate Trust	0.0	0.0	0.0	0.0	0.0	0.0				2.0
Total EBITDA excluding Margin Income	206.2	222.2	220.6	226.3	222.2	299.0				252.2
EBITDA excluding Margin Income Margin
										1H22
Issuer Services	24.3%	23.6%	22.3%	22.2%	23.9%	25.2%	24.0%	22.3%	24.6%	22.5%
Mortgage Services & Property Rental Services	14.7%	16.5%	16.0%	12.8%	13.5%	15.9%	15.7%	14.4%	14.8%	17.7%
Employee Share Plans & Voucher Services	18.3%	24.7%	17.8%	19.2%	15.4%	32.9%	22.1%	18.5%	25.4%	24.2%
Business Services	18.2%	13.3%	10.0%	23.3%	14.0%	11.8%	15.8%	17.1%	13.0%	11.2%
Communication Services & Utilities	15.9%	26.6%	16.8%	19.6%	13.4%	22.5%	21.3%	18.2%	18.2%	15.6%
Corporate & Technology	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Computershare Corporate Trust	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	3.0%
Total EBITDA excluding Margin Income Margin	20.6%	20.1%	21.9%	21.1%	21.2%	25.6%	20.3%	21.5%	23.5%	22.7%

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Summary – EBIT

USD M (at actual rates)

EBIT	1H19 2H19 1H20 2H20 1H21 2H21 158.6 151.9 127.7 130.8 126.2 150.0 43.4 59.1 46.8 23.6 5.3 4.7 28.7 49.0 29.2 32.9 21.2 60.9 48.5 43.3 41.2 46.1 28.6 22.5 12.3 22.3 12.2 15.2 8.6 17.4 -0.3 -26.9 8.8 -16.4 0.9 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 291.3 298.8 265.9 232.2 190.8 255.3 1H19 2H19 1H20 2H20 1H21 2H21 97.6 100.6 83.3 96.5 104.1 127.9 17.1 27.3 14.5 2.8 -10.2 -9.1 21.6 40.3 22.8 27.9 18.9 59.0 17.8 13.9 8.3 22.7 12.9 8.8 12.3 22.3 12.2 15.2 8.6 17.4 -0.3 -26.9 8.7 -16.4 0.9 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 166.1 177.5 149.9 148.8 135.2 203.8 1H19 2H19 1H20 2H20 1H21 2H21 23.8% 23.5% 21.9% 22.1% 23.5% 25.0% 6.2% 8.7% 4.6% 0.9% -3.6% -3.0% 18.1% 23.4% 16.0% 18.5% 13.5% 31.4% 17.2% 13.5% 9.5% 22.9% 13.1% 10.7% 14.1% 24.7% 14.7% 17.7% 10.6% 19.7% n/a n/a n/a n/a n/a n/a 0.0 0.0 0.0 0.0 0.0 0.0 16.6% 16.0% 14.9% 13.9% 12.9% 17.4%	1H19 2H19 1H20 2H20 1H21 2H21 158.6 151.9 127.7 130.8 126.2 150.0 43.4 59.1 46.8 23.6 5.3 4.7 28.7 49.0 29.2 32.9 21.2 60.9 48.5 43.3 41.2 46.1 28.6 22.5 12.3 22.3 12.2 15.2 8.6 17.4 -0.3 -26.9 8.8 -16.4 0.9 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 291.3 298.8 265.9 232.2 190.8 255.3 1H19 2H19 1H20 2H20 1H21 2H21 97.6 100.6 83.3 96.5 104.1 127.9 17.1 27.3 14.5 2.8 -10.2 -9.1 21.6 40.3 22.8 27.9 18.9 59.0 17.8 13.9 8.3 22.7 12.9 8.8 12.3 22.3 12.2 15.2 8.6 17.4 -0.3 -26.9 8.7 -16.4 0.9 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 166.1 177.5 149.9 148.8 135.2 203.8 1H19 2H19 1H20 2H20 1H21 2H21 23.8% 23.5% 21.9% 22.1% 23.5% 25.0% 6.2% 8.7% 4.6% 0.9% -3.6% -3.0% 18.1% 23.4% 16.0% 18.5% 13.5% 31.4% 17.2% 13.5% 9.5% 22.9% 13.1% 10.7% 14.1% 24.7% 14.7% 17.7% 10.6% 19.7% n/a n/a n/a n/a n/a n/a 0.0 0.0 0.0 0.0 0.0 0.0 16.6% 16.0% 14.9% 13.9% 12.9% 17.4%	1H19 2H19 1H20 2H20 1H21 2H21 158.6 151.9 127.7 130.8 126.2 150.0 43.4 59.1 46.8 23.6 5.3 4.7 28.7 49.0 29.2 32.9 21.2 60.9 48.5 43.3 41.2 46.1 28.6 22.5 12.3 22.3 12.2 15.2 8.6 17.4 -0.3 -26.9 8.8 -16.4 0.9 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 291.3 298.8 265.9 232.2 190.8 255.3 1H19 2H19 1H20 2H20 1H21 2H21 97.6 100.6 83.3 96.5 104.1 127.9 17.1 27.3 14.5 2.8 -10.2 -9.1 21.6 40.3 22.8 27.9 18.9 59.0 17.8 13.9 8.3 22.7 12.9 8.8 12.3 22.3 12.2 15.2 8.6 17.4 -0.3 -26.9 8.7 -16.4 0.9 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 166.1 177.5 149.9 148.8 135.2 203.8 1H19 2H19 1H20 2H20 1H21 2H21 23.8% 23.5% 21.9% 22.1% 23.5% 25.0% 6.2% 8.7% 4.6% 0.9% -3.6% -3.0% 18.1% 23.4% 16.0% 18.5% 13.5% 31.4% 17.2% 13.5% 9.5% 22.9% 13.1% 10.7% 14.1% 24.7% 14.7% 17.7% 10.6% 19.7% n/a n/a n/a n/a n/a n/a 0.0 0.0 0.0 0.0 0.0 0.0 16.6% 16.0% 14.9% 13.9% 12.9% 17.4%	1H19 2H19 1H20 2H20 1H21 2H21 158.6 151.9 127.7 130.8 126.2 150.0 43.4 59.1 46.8 23.6 5.3 4.7 28.7 49.0 29.2 32.9 21.2 60.9 48.5 43.3 41.2 46.1 28.6 22.5 12.3 22.3 12.2 15.2 8.6 17.4 -0.3 -26.9 8.8 -16.4 0.9 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 291.3 298.8 265.9 232.2 190.8 255.3 1H19 2H19 1H20 2H20 1H21 2H21 97.6 100.6 83.3 96.5 104.1 127.9 17.1 27.3 14.5 2.8 -10.2 -9.1 21.6 40.3 22.8 27.9 18.9 59.0 17.8 13.9 8.3 22.7 12.9 8.8 12.3 22.3 12.2 15.2 8.6 17.4 -0.3 -26.9 8.7 -16.4 0.9 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 166.1 177.5 149.9 148.8 135.2 203.8 1H19 2H19 1H20 2H20 1H21 2H21 23.8% 23.5% 21.9% 22.1% 23.5% 25.0% 6.2% 8.7% 4.6% 0.9% -3.6% -3.0% 18.1% 23.4% 16.0% 18.5% 13.5% 31.4% 17.2% 13.5% 9.5% 22.9% 13.1% 10.7% 14.1% 24.7% 14.7% 17.7% 10.6% 19.7% n/a n/a n/a n/a n/a n/a 0.0 0.0 0.0 0.0 0.0 0.0 16.6% 16.0% 14.9% 13.9% 12.9% 17.4%	1H19 2H19 1H20 2H20 1H21 2H21 158.6 151.9 127.7 130.8 126.2 150.0 43.4 59.1 46.8 23.6 5.3 4.7 28.7 49.0 29.2 32.9 21.2 60.9 48.5 43.3 41.2 46.1 28.6 22.5 12.3 22.3 12.2 15.2 8.6 17.4 -0.3 -26.9 8.8 -16.4 0.9 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 291.3 298.8 265.9 232.2 190.8 255.3 1H19 2H19 1H20 2H20 1H21 2H21 97.6 100.6 83.3 96.5 104.1 127.9 17.1 27.3 14.5 2.8 -10.2 -9.1 21.6 40.3 22.8 27.9 18.9 59.0 17.8 13.9 8.3 22.7 12.9 8.8 12.3 22.3 12.2 15.2 8.6 17.4 -0.3 -26.9 8.7 -16.4 0.9 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 166.1 177.5 149.9 148.8 135.2 203.8 1H19 2H19 1H20 2H20 1H21 2H21 23.8% 23.5% 21.9% 22.1% 23.5% 25.0% 6.2% 8.7% 4.6% 0.9% -3.6% -3.0% 18.1% 23.4% 16.0% 18.5% 13.5% 31.4% 17.2% 13.5% 9.5% 22.9% 13.1% 10.7% 14.1% 24.7% 14.7% 17.7% 10.6% 19.7% n/a n/a n/a n/a n/a n/a 0.0 0.0 0.0 0.0 0.0 0.0 16.6% 16.0% 14.9% 13.9% 12.9% 17.4%	1H19 2H19 1H20 2H20 1H21 2H21 158.6 151.9 127.7 130.8 126.2 150.0 43.4 59.1 46.8 23.6 5.3 4.7 28.7 49.0 29.2 32.9 21.2 60.9 48.5 43.3 41.2 46.1 28.6 22.5 12.3 22.3 12.2 15.2 8.6 17.4 -0.3 -26.9 8.8 -16.4 0.9 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 291.3 298.8 265.9 232.2 190.8 255.3 1H19 2H19 1H20 2H20 1H21 2H21 97.6 100.6 83.3 96.5 104.1 127.9 17.1 27.3 14.5 2.8 -10.2 -9.1 21.6 40.3 22.8 27.9 18.9 59.0 17.8 13.9 8.3 22.7 12.9 8.8 12.3 22.3 12.2 15.2 8.6 17.4 -0.3 -26.9 8.7 -16.4 0.9 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 166.1 177.5 149.9 148.8 135.2 203.8 1H19 2H19 1H20 2H20 1H21 2H21 23.8% 23.5% 21.9% 22.1% 23.5% 25.0% 6.2% 8.7% 4.6% 0.9% -3.6% -3.0% 18.1% 23.4% 16.0% 18.5% 13.5% 31.4% 17.2% 13.5% 9.5% 22.9% 13.1% 10.7% 14.1% 24.7% 14.7% 17.7% 10.6% 19.7% n/a n/a n/a n/a n/a n/a 0.0 0.0 0.0 0.0 0.0 0.0 16.6% 16.0% 14.9% 13.9% 12.9% 17.4%	FY19 FY20 FY21 310.6 258.5 276.2 102.5 70.4 10.0 77.8 62.1 82.1 91.8 87.3 51.1 34.6 27.4 26.0 -27.2 -7.7 0.7 0.0 0.0 0.0 590.1 498.0 446.1 FY19 FY20 FY21 198.2 179.8 232.0 44.4 17.3 -19.3 61.9 50.7 77.9 31.7 31.1 21.7 34.6 27.4 26.0 -27.2 -7.7 0.7 0.0 0.0 0.0 343.6 298.7 339.1 FY19 FY20 FY21 23.6% 22.0% 24.3% 7.5% 2.8% -3.3% 21.2% 17.3% 23.7% 15.4% 16.6% 12.0% 19.5% 16.2% 15.3% n/a n/a n/a 0.0 0.0 0.0 16.3% 14.3% 15.3%	FY19 FY20 FY21 310.6 258.5 276.2 102.5 70.4 10.0 77.8 62.1 82.1 91.8 87.3 51.1 34.6 27.4 26.0 -27.2 -7.7 0.7 0.0 0.0 0.0 590.1 498.0 446.1 FY19 FY20 FY21 198.2 179.8 232.0 44.4 17.3 -19.3 61.9 50.7 77.9 31.7 31.1 21.7 34.6 27.4 26.0 -27.2 -7.7 0.7 0.0 0.0 0.0 343.6 298.7 339.1 FY19 FY20 FY21 23.6% 22.0% 24.3% 7.5% 2.8% -3.3% 21.2% 17.3% 23.7% 15.4% 16.6% 12.0% 19.5% 16.2% 15.3% n/a n/a n/a 0.0 0.0 0.0 16.3% 14.3% 15.3%	FY19 FY20 FY21 310.6 258.5 276.2 102.5 70.4 10.0 77.8 62.1 82.1 91.8 87.3 51.1 34.6 27.4 26.0 -27.2 -7.7 0.7 0.0 0.0 0.0 590.1 498.0 446.1 FY19 FY20 FY21 198.2 179.8 232.0 44.4 17.3 -19.3 61.9 50.7 77.9 31.7 31.1 21.7 34.6 27.4 26.0 -27.2 -7.7 0.7 0.0 0.0 0.0 343.6 298.7 339.1 FY19 FY20 FY21 23.6% 22.0% 24.3% 7.5% 2.8% -3.3% 21.2% 17.3% 23.7% 15.4% 16.6% 12.0% 19.5% 16.2% 15.3% n/a n/a n/a 0.0 0.0 0.0 16.3% 14.3% 15.3%	1H22
Issuer Services	158.6	151.9	127.7	130.8	126.2	150.0				116.7
Mortgage Services & Property Rental Services	43.4	59.1	46.8	23.6	5.3	4.7				14.3
Employee Share Plans & Voucher Services	28.7	49.0	29.2	32.9	21.2	60.9				37.7
Business Services	48.5	43.3	41.2	46.1	28.6	22.5				19.3
Communication Services & Utilities	12.3	22.3	12.2	15.2	8.6	17.4				10.8
Corporate & Technology	-0.3	-26.9	8.8	-16.4	0.9	-0.2				13.5
Computershare Corporate Trust	0.0	0.0	0.0	0.0	0.0	0.0				9.1
Total EBIT	291.3	298.8	265.9	232.2	190.8	255.3				221.4
EBIT excluding Margin Income
										1H22
Issuer Services	97.6	100.6	83.3	96.5	104.1	127.9				98.5
Mortgage Services & Property Rental Services	17.1	27.3	14.5	2.8	-10.2	-9.1				-8.8
Employee Share Plans & Voucher Services	21.6	40.3	22.8	27.9	18.9	59.0				36.4
Business Services	17.8	13.9	8.3	22.7	12.9	8.8				7.3
Communication Services & Utilities	12.3	22.3	12.2	15.2	8.6	17.4				10.8
Corporate & Technology	-0.3	-26.9	8.7	-16.4	0.9	-0.2				13.5
Computershare Corporate Trust	0.0	0.0	0.0	0.0	0.0	0.0				1.6
Total EBIT excluding Margin Income	166.1	177.5	149.9	148.8	135.2	203.8				159.3
EBIT excluding Margin Income Margin
										1H22
Issuer Services	23.8%	23.5%	21.9%	22.1%	23.5%	25.0%	23.6%	22.0%	24.3%	22.1%
Mortgage Services & Property Rental Services	6.2%	8.7%	4.6%	0.9%	-3.6%	-3.0%	7.5%	2.8%	-3.3%	-3.3%
Employee Share Plans & Voucher Services	18.1%	23.4%	16.0%	18.5%	13.5%	31.4%	21.2%	17.3%	23.7%	22.5%
Business Services	17.2%	13.5%	9.5%	22.9%	13.1%	10.7%	15.4%	16.6%	12.0%	10.1%
Communication Services & Utilities	14.1%	24.7%	14.7%	17.7%	10.6%	19.7%	19.5%	16.2%	15.3%	12.7%
Corporate & Technology	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Computershare Corporate Trust	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	2.3%
Total EBIT excluding Margin Income Margin	16.6%	16.0%	14.9%	13.9%	12.9%	17.4%	16.3%	14.3%	15.3%	14.4%

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Issuer Services Profit & Loss

USD M (at actual rates)	1H19 2H19 1H20 2H20	1H19 2H19 1H20 2H20	1H19 2H19 1H20 2H20	1H19 2H19 1H20 2H20	1H19 2H19 1H20 2H20	1H19 2H19 1H20 2H20

Register Maintenance	314.2	344.0	300.9	324.2	306.4	357.5
Corporate Actions	47.6	40.5	48.5	44.9	66.4	63.0
Stakeholder RelationshipManagement	35.5	31.8	18.1	40.6	35.5	51.2
Governance Services	13.4	12.4	12.5	26.4	34.6	40.5
Total Revenue ex MI Margin Income Total Management Revenue Operating expenditure Share of net profit/(loss) of associates and jv Management EBITDA Depreciation Amortisation Depreciation & Amortisation
Management EBIT
Management EBIT ex MI EBIT Margin EBIT ex MI Margin
Register Maintenance revenue breakdown
Issuerpaid	217.8	245.5	204.8	236.6	219.1	258.4
Holder/Brokerpaid	96.4	98.5	96.1	87.6	87.3	99.1
Register Maintenance MI	20.1	22.5	20.0	17.9	11.4	9.4
Total Register Maintenance	334.3	366.5	320.9	342.1	317.8	366.9

Issuer Services comprise register maintenance, corporate actions, stakeholder relationship management and corporate governance and related services. Note - UCIA includes United Kingdom, Channel Islands, Ireland and South Africa.

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Canada
ANZ
9%
14%
Asia
1H22 9%
revenue
$463.0m UCIA
11%
USA CEU
53% 4%
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Canada
ANZ
7%
14%
Asia
1H21 12%
revenue
$465.0m
UCIA
USA 11%
51%
CEU
5%
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Mortgage Services & Property Rental Services Profit & Loss

USD M (at actual rates)	1H19 2H19 1H20 2H20 1H21 2H21 276.0 311.9 311.5 300.5 282.2 297.4 26.4 31.8 32.3 20.8 15.5 13.8 302.4 343.7 343.9 321.3 297.8 311.2 235.6 260.3 261.8 262.2 244.2 250.0 0.0 0.0 0.0 0.0 0.0 0.0 66.8 83.4 82.1 59.1 53.6 61.2 2.3 0.6 4.5 -0.6 2.1 1.9 21.0 23.7 30.8 36.1 46.2 54.6 23.4 24.3 35.3 35.5 48.3 56.5 43.4 59.1 46.8 23.6 5.3 4.7 17.1 27.3 14.5 2.8 -10.2 -9.1 14.4% 17.2% 13.6% 7.3% 1.8% 1.5% 6.2% 8.7% 4.6% 0.9% -3.6% -3.0% 81.9 90.7 103.8 110.3 107.9 101.6 22.2 24.9 23.5 23.4 29.8 49.4 42.4 68.8 82.1 71.4 75.4 82.3 12.9 16.9 17.9 6.3 2.1 1.7 159.4 201.3 227.3 211.4 215.2 235.0 128.0 127.1 101.6 95.0 68.7 63.8	1H19 2H19 1H20 2H20 1H21 2H21 276.0 311.9 311.5 300.5 282.2 297.4 26.4 31.8 32.3 20.8 15.5 13.8 302.4 343.7 343.9 321.3 297.8 311.2 235.6 260.3 261.8 262.2 244.2 250.0 0.0 0.0 0.0 0.0 0.0 0.0 66.8 83.4 82.1 59.1 53.6 61.2 2.3 0.6 4.5 -0.6 2.1 1.9 21.0 23.7 30.8 36.1 46.2 54.6 23.4 24.3 35.3 35.5 48.3 56.5 43.4 59.1 46.8 23.6 5.3 4.7 17.1 27.3 14.5 2.8 -10.2 -9.1 14.4% 17.2% 13.6% 7.3% 1.8% 1.5% 6.2% 8.7% 4.6% 0.9% -3.6% -3.0% 81.9 90.7 103.8 110.3 107.9 101.6 22.2 24.9 23.5 23.4 29.8 49.4 42.4 68.8 82.1 71.4 75.4 82.3 12.9 16.9 17.9 6.3 2.1 1.7 159.4 201.3 227.3 211.4 215.2 235.0 128.0 127.1 101.6 95.0 68.7 63.8	1H19 2H19 1H20 2H20 1H21 2H21 276.0 311.9 311.5 300.5 282.2 297.4 26.4 31.8 32.3 20.8 15.5 13.8 302.4 343.7 343.9 321.3 297.8 311.2 235.6 260.3 261.8 262.2 244.2 250.0 0.0 0.0 0.0 0.0 0.0 0.0 66.8 83.4 82.1 59.1 53.6 61.2 2.3 0.6 4.5 -0.6 2.1 1.9 21.0 23.7 30.8 36.1 46.2 54.6 23.4 24.3 35.3 35.5 48.3 56.5 43.4 59.1 46.8 23.6 5.3 4.7 17.1 27.3 14.5 2.8 -10.2 -9.1 14.4% 17.2% 13.6% 7.3% 1.8% 1.5% 6.2% 8.7% 4.6% 0.9% -3.6% -3.0% 81.9 90.7 103.8 110.3 107.9 101.6 22.2 24.9 23.5 23.4 29.8 49.4 42.4 68.8 82.1 71.4 75.4 82.3 12.9 16.9 17.9 6.3 2.1 1.7 159.4 201.3 227.3 211.4 215.2 235.0 128.0 127.1 101.6 95.0 68.7 63.8	1H19 2H19 1H20 2H20 1H21 2H21 276.0 311.9 311.5 300.5 282.2 297.4 26.4 31.8 32.3 20.8 15.5 13.8 302.4 343.7 343.9 321.3 297.8 311.2 235.6 260.3 261.8 262.2 244.2 250.0 0.0 0.0 0.0 0.0 0.0 0.0 66.8 83.4 82.1 59.1 53.6 61.2 2.3 0.6 4.5 -0.6 2.1 1.9 21.0 23.7 30.8 36.1 46.2 54.6 23.4 24.3 35.3 35.5 48.3 56.5 43.4 59.1 46.8 23.6 5.3 4.7 17.1 27.3 14.5 2.8 -10.2 -9.1 14.4% 17.2% 13.6% 7.3% 1.8% 1.5% 6.2% 8.7% 4.6% 0.9% -3.6% -3.0% 81.9 90.7 103.8 110.3 107.9 101.6 22.2 24.9 23.5 23.4 29.8 49.4 42.4 68.8 82.1 71.4 75.4 82.3 12.9 16.9 17.9 6.3 2.1 1.7 159.4 201.3 227.3 211.4 215.2 235.0 128.0 127.1 101.6 95.0 68.7 63.8	1H19 2H19 1H20 2H20 1H21 2H21 276.0 311.9 311.5 300.5 282.2 297.4 26.4 31.8 32.3 20.8 15.5 13.8 302.4 343.7 343.9 321.3 297.8 311.2 235.6 260.3 261.8 262.2 244.2 250.0 0.0 0.0 0.0 0.0 0.0 0.0 66.8 83.4 82.1 59.1 53.6 61.2 2.3 0.6 4.5 -0.6 2.1 1.9 21.0 23.7 30.8 36.1 46.2 54.6 23.4 24.3 35.3 35.5 48.3 56.5 43.4 59.1 46.8 23.6 5.3 4.7 17.1 27.3 14.5 2.8 -10.2 -9.1 14.4% 17.2% 13.6% 7.3% 1.8% 1.5% 6.2% 8.7% 4.6% 0.9% -3.6% -3.0% 81.9 90.7 103.8 110.3 107.9 101.6 22.2 24.9 23.5 23.4 29.8 49.4 42.4 68.8 82.1 71.4 75.4 82.3 12.9 16.9 17.9 6.3 2.1 1.7 159.4 201.3 227.3 211.4 215.2 235.0 128.0 127.1 101.6 95.0 68.7 63.8	1H19 2H19 1H20 2H20 1H21 2H21 276.0 311.9 311.5 300.5 282.2 297.4 26.4 31.8 32.3 20.8 15.5 13.8 302.4 343.7 343.9 321.3 297.8 311.2 235.6 260.3 261.8 262.2 244.2 250.0 0.0 0.0 0.0 0.0 0.0 0.0 66.8 83.4 82.1 59.1 53.6 61.2 2.3 0.6 4.5 -0.6 2.1 1.9 21.0 23.7 30.8 36.1 46.2 54.6 23.4 24.3 35.3 35.5 48.3 56.5 43.4 59.1 46.8 23.6 5.3 4.7 17.1 27.3 14.5 2.8 -10.2 -9.1 14.4% 17.2% 13.6% 7.3% 1.8% 1.5% 6.2% 8.7% 4.6% 0.9% -3.6% -3.0% 81.9 90.7 103.8 110.3 107.9 101.6 22.2 24.9 23.5 23.4 29.8 49.4 42.4 68.8 82.1 71.4 75.4 82.3 12.9 16.9 17.9 6.3 2.1 1.7 159.4 201.3 227.3 211.4 215.2 235.0 128.0 127.1 101.6 95.0 68.7 63.8	FY19 FY20 FY21 587.9 612.0 579.7 58.2 53.1 29.3 646.1 665.1 609.0 495.9 523.9 494.2 0.0 0.0 0.0 150.2 141.2 114.8 3.0 3.9 4.0 44.7 66.9 100.8 47.7 70.8 104.8 102.5 70.4 10.0 44.4 17.3 -19.3 15.9% 10.6% 1.6% 7.5% 2.8% -3.3% 172.6 214.1 209.5 47.1 47.0 79.2 111.3 153.4 157.7 29.8 24.2 3.7 360.7 438.7 450.1 255.1 196.6 132.5	FY19 FY20 FY21 587.9 612.0 579.7 58.2 53.1 29.3 646.1 665.1 609.0 495.9 523.9 494.2 0.0 0.0 0.0 150.2 141.2 114.8 3.0 3.9 4.0 44.7 66.9 100.8 47.7 70.8 104.8 102.5 70.4 10.0 44.4 17.3 -19.3 15.9% 10.6% 1.6% 7.5% 2.8% -3.3% 172.6 214.1 209.5 47.1 47.0 79.2 111.3 153.4 157.7 29.8 24.2 3.7 360.7 438.7 450.1 255.1 196.6 132.5	FY19 FY20 FY21 587.9 612.0 579.7 58.2 53.1 29.3 646.1 665.1 609.0 495.9 523.9 494.2 0.0 0.0 0.0 150.2 141.2 114.8 3.0 3.9 4.0 44.7 66.9 100.8 47.7 70.8 104.8 102.5 70.4 10.0 44.4 17.3 -19.3 15.9% 10.6% 1.6% 7.5% 2.8% -3.3% 172.6 214.1 209.5 47.1 47.0 79.2 111.3 153.4 157.7 29.8 24.2 3.7 360.7 438.7 450.1 255.1 196.6 132.5	1H22
Total Revenue ex MI Margin Income Total Management Revenue Operating expenditure Share of net profit/(loss) of associates and jv Management EBITDA Depreciation Amortisation Depreciation & Amortisation Management EBIT										271.3 23.1 294.4 223.1 0.0 71.3 1.6 55.4 57.0
										14.3
Management EBIT ex MI EBIT Margin EBIT ex MI Margin Mortgage Services revenue breakdown										-8.8 4.9% -3.3%

Base ServicingFees	81.9	90.7	103.8	110.3	107.9	101.6				94.1
Servicingrelated fees	22.2	24.9	23.5	23.4	29.8	49.4				26.4
Other service fees	42.4	68.8	82.1	71.4	75.4	82.3				92.3
US Mortgage Services MI	12.9	16.9	17.9	6.3	2.1	1.7				1.2
US Mortgage Services Revenue	159.4	201.3	227.3	211.4	215.2	235.0				214.0

UK Mortgage Services Revenue	128.0	127.1	101.6	95.0	68.7	63.8	255.1	196.6	132.5	58.2

Mortgage Services & Property Rental Services comprise mortgage servicing and related activities, together with tenancy deposit protection services in the UK.

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UCIA
27%
1H22
revenue
$223.1m
USA
73%
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UCIA
28%
1H21
revenue
$244.2m
USA
72%
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Employee Share Plans & Voucher Services Profit & Loss

USD M (at actual rates)	1H19 2H19 1H20 2H20 1H21 2H21 109.7 163.7 135.3 143.5 134.4 182.5 9.8 8.7 7.1 7.3 6.3 5.7 7.1 8.8 6.4 5.0 2.3 1.9 126.6 181.1 148.8 155.8 143.0 190.0 97.6 129.8 117.0 121.9 119.1 126.3 0.0 0.0 0.0 0.0 0.0 0.0 29.0 51.3 31.8 33.9 23.9 63.7 0.3 0.1 0.9 -0.7 0.9 0.9 0.0 2.2 1.7 1.7 1.8 1.9 0.3 2.3 2.6 1.0 2.7 2.8 28.7 49.0 29.2 32.9 21.2 60.9 21.6 40.3 22.8 27.9 18.9 59.0 22.7% 27.1% 19.6% 21.1% 14.8% 32.0% 19.7% 24.6% 16.9% 19.5% 14.1% 32.3% 57.2 73.2 66.5 66.7 69.8 74.8 45.8 82.4 61.9 71.3 58.7 101.2 6.6 8.0 7.0 5.5 5.9 6.4 7.0 8.6 6.3 4.9 2.3 1.9 116.7 172.3 141.6 148.5 136.7 184.4	1H19 2H19 1H20 2H20 1H21 2H21 109.7 163.7 135.3 143.5 134.4 182.5 9.8 8.7 7.1 7.3 6.3 5.7 7.1 8.8 6.4 5.0 2.3 1.9 126.6 181.1 148.8 155.8 143.0 190.0 97.6 129.8 117.0 121.9 119.1 126.3 0.0 0.0 0.0 0.0 0.0 0.0 29.0 51.3 31.8 33.9 23.9 63.7 0.3 0.1 0.9 -0.7 0.9 0.9 0.0 2.2 1.7 1.7 1.8 1.9 0.3 2.3 2.6 1.0 2.7 2.8 28.7 49.0 29.2 32.9 21.2 60.9 21.6 40.3 22.8 27.9 18.9 59.0 22.7% 27.1% 19.6% 21.1% 14.8% 32.0% 19.7% 24.6% 16.9% 19.5% 14.1% 32.3% 57.2 73.2 66.5 66.7 69.8 74.8 45.8 82.4 61.9 71.3 58.7 101.2 6.6 8.0 7.0 5.5 5.9 6.4 7.0 8.6 6.3 4.9 2.3 1.9 116.7 172.3 141.6 148.5 136.7 184.4	1H19 2H19 1H20 2H20 1H21 2H21 109.7 163.7 135.3 143.5 134.4 182.5 9.8 8.7 7.1 7.3 6.3 5.7 7.1 8.8 6.4 5.0 2.3 1.9 126.6 181.1 148.8 155.8 143.0 190.0 97.6 129.8 117.0 121.9 119.1 126.3 0.0 0.0 0.0 0.0 0.0 0.0 29.0 51.3 31.8 33.9 23.9 63.7 0.3 0.1 0.9 -0.7 0.9 0.9 0.0 2.2 1.7 1.7 1.8 1.9 0.3 2.3 2.6 1.0 2.7 2.8 28.7 49.0 29.2 32.9 21.2 60.9 21.6 40.3 22.8 27.9 18.9 59.0 22.7% 27.1% 19.6% 21.1% 14.8% 32.0% 19.7% 24.6% 16.9% 19.5% 14.1% 32.3% 57.2 73.2 66.5 66.7 69.8 74.8 45.8 82.4 61.9 71.3 58.7 101.2 6.6 8.0 7.0 5.5 5.9 6.4 7.0 8.6 6.3 4.9 2.3 1.9 116.7 172.3 141.6 148.5 136.7 184.4	1H19 2H19 1H20 2H20 1H21 2H21 109.7 163.7 135.3 143.5 134.4 182.5 9.8 8.7 7.1 7.3 6.3 5.7 7.1 8.8 6.4 5.0 2.3 1.9 126.6 181.1 148.8 155.8 143.0 190.0 97.6 129.8 117.0 121.9 119.1 126.3 0.0 0.0 0.0 0.0 0.0 0.0 29.0 51.3 31.8 33.9 23.9 63.7 0.3 0.1 0.9 -0.7 0.9 0.9 0.0 2.2 1.7 1.7 1.8 1.9 0.3 2.3 2.6 1.0 2.7 2.8 28.7 49.0 29.2 32.9 21.2 60.9 21.6 40.3 22.8 27.9 18.9 59.0 22.7% 27.1% 19.6% 21.1% 14.8% 32.0% 19.7% 24.6% 16.9% 19.5% 14.1% 32.3% 57.2 73.2 66.5 66.7 69.8 74.8 45.8 82.4 61.9 71.3 58.7 101.2 6.6 8.0 7.0 5.5 5.9 6.4 7.0 8.6 6.3 4.9 2.3 1.9 116.7 172.3 141.6 148.5 136.7 184.4	1H19 2H19 1H20 2H20 1H21 2H21 109.7 163.7 135.3 143.5 134.4 182.5 9.8 8.7 7.1 7.3 6.3 5.7 7.1 8.8 6.4 5.0 2.3 1.9 126.6 181.1 148.8 155.8 143.0 190.0 97.6 129.8 117.0 121.9 119.1 126.3 0.0 0.0 0.0 0.0 0.0 0.0 29.0 51.3 31.8 33.9 23.9 63.7 0.3 0.1 0.9 -0.7 0.9 0.9 0.0 2.2 1.7 1.7 1.8 1.9 0.3 2.3 2.6 1.0 2.7 2.8 28.7 49.0 29.2 32.9 21.2 60.9 21.6 40.3 22.8 27.9 18.9 59.0 22.7% 27.1% 19.6% 21.1% 14.8% 32.0% 19.7% 24.6% 16.9% 19.5% 14.1% 32.3% 57.2 73.2 66.5 66.7 69.8 74.8 45.8 82.4 61.9 71.3 58.7 101.2 6.6 8.0 7.0 5.5 5.9 6.4 7.0 8.6 6.3 4.9 2.3 1.9 116.7 172.3 141.6 148.5 136.7 184.4	1H19 2H19 1H20 2H20 1H21 2H21 109.7 163.7 135.3 143.5 134.4 182.5 9.8 8.7 7.1 7.3 6.3 5.7 7.1 8.8 6.4 5.0 2.3 1.9 126.6 181.1 148.8 155.8 143.0 190.0 97.6 129.8 117.0 121.9 119.1 126.3 0.0 0.0 0.0 0.0 0.0 0.0 29.0 51.3 31.8 33.9 23.9 63.7 0.3 0.1 0.9 -0.7 0.9 0.9 0.0 2.2 1.7 1.7 1.8 1.9 0.3 2.3 2.6 1.0 2.7 2.8 28.7 49.0 29.2 32.9 21.2 60.9 21.6 40.3 22.8 27.9 18.9 59.0 22.7% 27.1% 19.6% 21.1% 14.8% 32.0% 19.7% 24.6% 16.9% 19.5% 14.1% 32.3% 57.2 73.2 66.5 66.7 69.8 74.8 45.8 82.4 61.9 71.3 58.7 101.2 6.6 8.0 7.0 5.5 5.9 6.4 7.0 8.6 6.3 4.9 2.3 1.9 116.7 172.3 141.6 148.5 136.7 184.4	FY19 FY20 FY21 273.3 278.9 316.9 18.5 14.4 12.0 15.9 11.4 4.2 307.7 304.6 333.0 227.4 238.9 245.4 0.0 0.0 0.0 80.3 65.7 87.6 0.3 0.1 1.8 2.2 3.5 3.7 2.5 3.6 5.5 77.8 62.1 82.1 61.9 50.7 77.9 25.3% 20.4% 24.7% 22.6% 18.2% 24.6% 130.4 133.2 144.6 128.2 133.2 159.9 14.7 12.5 12.4 15.7 11.2 4.1 289.0 290.1 321.0	FY19 FY20 FY21 273.3 278.9 316.9 18.5 14.4 12.0 15.9 11.4 4.2 307.7 304.6 333.0 227.4 238.9 245.4 0.0 0.0 0.0 80.3 65.7 87.6 0.3 0.1 1.8 2.2 3.5 3.7 2.5 3.6 5.5 77.8 62.1 82.1 61.9 50.7 77.9 25.3% 20.4% 24.7% 22.6% 18.2% 24.6% 130.4 133.2 144.6 128.2 133.2 159.9 14.7 12.5 12.4 15.7 11.2 4.1 289.0 290.1 321.0	FY19 FY20 FY21 273.3 278.9 316.9 18.5 14.4 12.0 15.9 11.4 4.2 307.7 304.6 333.0 227.4 238.9 245.4 0.0 0.0 0.0 80.3 65.7 87.6 0.3 0.1 1.8 2.2 3.5 3.7 2.5 3.6 5.5 77.8 62.1 82.1 61.9 50.7 77.9 25.3% 20.4% 24.7% 22.6% 18.2% 24.6% 130.4 133.2 144.6 128.2 133.2 159.9 14.7 12.5 12.4 15.7 11.2 4.1 289.0 290.1 321.0	1H22
Employee Share Plans Vouchers Margin Income Total Management Revenue Operating expenditure Share of net profit/(loss) of associates and jv Management EBITDA Depreciation Amortisation Depreciation & Amortisation										156.6 5.6 1.2 163.4 123.0 0.0 40.4 0.9 1.8 2.7
Management EBIT										37.7
Management EBIT ex MI EBIT Margin EBIT ex MI Margin Employee Share Plans revenue breakdown										36.4 23.1% 23.3%

Fee revenue	57.2	73.2	66.5	66.7	69.8	74.8	130.4	133.2	144.6	75.0
Transactional revenue	45.8	82.4	61.9	71.3	58.7	101.2	128.2	133.2	159.9	74.6
Other revenue	6.6 7.0	8.0 8.6	7.0 6.3	5.5 4.9	5.9 2.3	6.4 1.9	14.7	12.5	12.4	7.0
Employee Share Plans MI							15.7	11.2	4.1	1.2
Employee Share Plans Revenue	116.7	172.3	141.6	148.5	136.7	184.4	289.0	290.1	321.0	157.8

Employee Share Plans & Voucher Services comprise the provision of administration and related services for employee share and option plans, together with Childcare Voucher administration in the UK.

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Canada ANZ
6% 5%
Asia
USA 13%
16%
1H22
CEU
3% revenue
$163.4m
UCIA
57%
Canada ANZ
6% 5%
Asia
14%
USA
18%
1H21
CEU revenue
4% $143.0m
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UCIA
53%
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Business Services Profit & Loss

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USD M (at actual rates) 1H19 2H19 1H20 2H20 1H21 2H21 FY19 FY20 FY21 1H22
Corporate Trust 25.9 25.9 24.2 30.6 25.8 30.4 51.8 54.8 56.3 27.7
Bankruptcy 13.2 25.5 18.5 28.8 41.3 23.4 38.7 47.3 64.6 16.3
Class Actions 47.4 51.8 45.3 40.0 31.6 28.3 99.2 85.3 59.9 28.9
Karvy 16.9 0.1 0.0 0.0 0.0 0.0 17.0 0.0 0.0 0.0
Total Revenue ex MI 103.4 103.2 88.0 99.4 98.7 82.0 206.7 187.4 180.8 72.9
Margin Income 30.7 29.4 32.9 23.4 15.7 13.7 60.0 56.2 29.4 12.0
Total Management Revenue 134.1 132.6 120.8 122.8 114.4 95.7 266.7 243.6 210.2 84.9
Operating expenditure 84.6 89.5 79.1 76.3 84.9 72.3 174.1 155.4 157.3 64.8
Share of net profit/(loss) of associates and jv 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Management EBITDA 49.5 43.1 41.7 46.5 29.5 23.4 92.6 88.2 52.9 20.1
Depreciation 1.0 -0.2 0.5 0.4 0.4 0.4 0.8 0.9 0.8 0.2
Amortisation 0.0 0.0 0.0 0.0 0.5 0.5 0.0 0.0 1.0 0.6
Depreciation & Amortisation 1.0 -0.2 0.5 0.4 0.9 0.9 0.8 0.9 1.8 0.8
Management EBIT 48.5 43.3 41.2 46.1 28.6 22.5 91.8 87.3 51.1 19.3
Management EBIT ex MI 17.8 13.9 8.3 22.7 12.9 8.8 31.7 31.1 21.7 7.3
EBIT Margin 36.2% 32.6% 34.1% 37.5% 25.0% 23.5% 34.4% 35.8% 24.3% 22.8%
EBIT ex MI Margin 17.2% 13.5% 9.5% 22.9% 13.1% 10.7% 15.4% 16.6% 12.0% 10.1%
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Business Services comprises the provision of bankruptcy and class actions administration services and the legacy corporate trust operations in Canada and the US.

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UCIA
8%
Canada
39% 1H22
revenue
$84.9m
USA
53%
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UCIA
4%
Canada
30%
1H21
revenue
$114.4m
USA
66%
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Communication Services & Utilities Profit & Loss

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USD M (at actual rates) 1H19 2H19 1H20 2H20 1H21 2H21 FY19 FY20 FY21 1H22
Communication Services 83.2 85.9 79.4 82.1 77.9 83.6 169.1 161.5 161.5 80.1
Utilities 4.3 4.3 3.7 3.6 3.5 4.7 8.7 7.3 8.2 4.3
Margin Income 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total Management Revenue 87.6 90.2 83.1 85.7 81.4 88.3 177.8 168.8 169.7 84.5
Operating expenditure 73.7 66.2 69.1 68.9 70.5 68.4 139.9 138.0 138.9 71.3
Share of net profit/(loss) of associates and jv 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Management EBITDA 13.9 24.0 14.0 16.8 10.9 19.9 37.9 30.8 30.8 13.2
Depreciation 1.6 1.7 1.8 1.6 2.3 2.5 3.3 3.4 4.8 2.4
Amortisation 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Depreciation & Amortisation 1.6 1.7 1.8 1.6 2.3 2.5 3.3 3.4 4.8 2.4
Management EBIT 12.3 22.3 12.2 15.2 8.6 17.4 34.6 27.4 26.0 10.8
Management EBIT ex MI 12.3 22.3 12.2 15.2 8.6 17.4 34.6 27.4 26.0 10.8
EBIT Margin 14.1% 24.7% 14.7% 17.7% 10.6% 19.7% 19.5% 16.2% 15.3% 12.7%
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Communication Services and Utilities operations comprise document composition and printing, intelligent mailing, inbound process automation, scanning and electronic delivery.

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Canada
6%
USA
22%
1H22
ANZ
revenue 49%
$84.5m
CEU
18%
UCIA
5%
Canada
5%
USA
23%
1H21
ANZ
revenue 50%
$81.4m
CEU
18%
UCIA
4%
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Corporate & Technology Profit & Loss

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USD M (at actual rates) 1H19 2H19 1H20 2H20 1H21 2H21 FY19 FY20 FY21 1H22
Total Revenue ex MI 5.4 1.0 3.3 1.0 0.9 0.7 6.4 4.2 1.7 4.6
Margin Income 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total Management Revenue 5.4 1.0 3.3 0.9 0.9 0.7 6.4 4.2 1.7 4.6
Operating expenditure -7.0 11.9 -34.6 -21.5 -31.2 -30.5 4.9 -56.1 -61.7 -37.1
Share of net profit/(loss) of associates and jv -1.1 -0.1 -0.1 -0.3 -0.2 -0.3 -1.2 -0.4 -0.6 0.0
Management EBITDA 11.2 -11.0 37.8 22.1 31.9 30.9 0.2 60.0 62.8 41.7
Depreciation 11.4 15.7 28.8 38.3 30.9 29.7 27.0 67.2 60.6 27.4
Amortisation 0.2 0.2 0.2 0.2 0.2 1.4 0.4 0.5 1.6 0.8
Depreciation & Amortisation 11.6 15.9 29.1 38.6 31.1 31.1 27.4 67.6 62.2 28.2
Management EBIT -0.3 -26.9 8.8 -16.4 0.9 -0.2 -27.2 -7.7 0.7 13.5
Management EBIT ex MI -0.3 -26.9 8.7 -16.4 0.9 -0.2 -27.2 -7.7 0.7 13.5
EBIT Margin -6% -2721% 265% -1743% 94% -29% -427% -180% 40% 295%
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*IFRS16/AASB 16 (Leases) came into effect from 1[st] July 2019 (FY20). There is a favourable impact to EBITDA of $47.9m in FY20 and $49.3m in FY21 and conversely, an adverse impact to Depreciation of $41.9m in FY20 and $43.1m in FY21. The credit against operating expenditure reflects the recharge of the Groupwide Property rental expense which is allocated out to our business lines, with the depreciation line in this P&L incorporating the expense associated with the Group’s property leases.

Corporate & Technology includes shared service functions including Risk, Internal Audit, People, Facilities, Global Information Security and Corporate. Computershare allocates out all corporate expenses to our business lines. The residual Corporate and Technology revenues reflect some third-party technology revenues, rental income, interest income and other corporate related transaction income.

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CanadaANZ
0% 8% [Asia]
1%
UCIA
1H22 21%
revenue
$4.6m CEU
USA -3%
67%
Canada
-12%
USA
7%
ANZ
CEU 1H21 40%
9%
revenue
$3.3m
Asia
UCIA
2%
30%
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Computershare Corporate Trust

USD M (at actual rates)	1H19 2H19 1H20 2H20 1H21 2H21 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0% 0% 0% 0% 0% 0%	FY19 FY20 FY21 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0% 0% 0%	1H22
Total Revenue ex MI Margin Income Total Management Revenue Operating expenditure Share of net profit/(loss) of associates and jv Management EBITDA Depreciation Amortisation Depreciation & Amortisation			69.3 7.5 76.7 67.2 0.0 9.5 0.4 0.0 0.4
Management EBIT			9.1
Management EBIT ex MI EBIT Margin			1.6 12%

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1H22
revenue
$76.7m
USA
100%
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Computershare Corporate Trust comprises trust and agency services in connection with the administration of debt securities in the US.

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Employee Share Plans Profit & Loss

USD M (at actual rates)
1H19
2H19
1H20
2H20
1H21
2H21
Fee revenue
57.2
73.2
66.5
66.7
69.8
74.8
Transactional revenue
45.8
82.4
61.9
71.3
58.7
101.2
Other revenue
6.6
8.0
7.0
5.5
5.9
6.4
Margin Income
7.0
8.6
6.3
4.9
2.3
1.9
Total Management Revenue
116.7
172.3
141.6
148.5
136.7
184.4
Operating expenditure
94.6
126.9
114.6
119.7
117.4
124.7
Share of net profit/(loss) of associates and jv
0.0
0.0
0.0
0.0
0.0
0.0
Management EBITDA
22.1
45.4
27.1
28.8
19.3
59.6
Management EBITDA ex MI
15.1
36.7
20.8
23.8
17.1
57.7
EBITDA Margin
19%
26%
19%
19%
14%
32%
Depreciation
0.3
0.1
0.9
-0.8
0.9
0.9
Amortisation
0.0
2.2
1.7
1.7
1.8
1.9
Depreciation & Amortisation
0.3
2.2
2.6
1.0
2.7
2.8
Management EBIT
21.8
43.1
24.5
27.8
16.6
56.8
Management EBIT ex MI
14.8
34.5
18.2
22.8
14.3
55.0
EBIT Margin
18.7%
25.0%
17.3%
18.7%
12.1%
30.8%
EBIT ex MI Margin
13.5%
21.1%
13.4%
15.9%
10.7%
30.1%

FY19
FY20
FY21
1H22
130.4
133.2
144.6
75.0
128.2
133.2
159.9
74.6
14.7
12.5
12.4
7.0
15.7
11.2
4.1
1.2
289.0
290.1
321.0
157.8
221.6
234.3
242.1
121.4
0.0
0.0
0.0
0.0
67.5
55.8
78.9
36.5
51.8
44.6
74.8
35.2
23%
19%
25%
23%
0.3
0.1
1.8
0.9
2.2
3.5
3.7
1.8
2.5
3.6
5.5
2.7
64.9
52.2
73.4
33.7
49.3
41.0
69.3
32.5
22.5%
18.0%
22.9%
21.4%
18.0%
14.7%
21.9%
20.8%

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UK Mortgage Services Profit & Loss

USD M (at actual rates)	1H19	2H19	1H20	2H20	1H21	2H21	FY19	FY20	FY21	1H22
UKAR Fixed Fee	48.1	44.8	27.4	23.3	4.0	0.1	93.0	50.6	4.1	0.0
Other fee revenue	79.9	82.3	74.2	71.7	64.7	63.7	162.1	146.0	128.4	58.2
Margin Income	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Management Revenue	128.0	127.1	101.6	95.0	68.7	63.8	255.1	196.6	132.5	58.2
Operating expenditure	108.6	110.0	102.2	100.9	69.4	69.3	218.6	203.0	138.6	53.0
Share of net profit/(loss) of associates and jv	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Management EBITDA	19.4	17.1	-0.6	-5.9	-0.7	-5.5	36.5	-6.4	-6.1	5.2
EBITDA Margin	15%	13%	-1%	-6%	-1%	-9%	14%	-3%	-5%	9%
Depreciation	1.2	-1.0	1.0	-1.0	0.0	0.1	0.3	0.1	0.1	0.1
Amortisation	0.0	0.0	0.7	0.4	0.4	0.4	0.0	1.1	0.9	0.4
Depreciation & Amortisation	1.2	-1.0	1.7	-0.6	0.5	0.5	0.3	1.1	1.0	0.5
Management EBIT	18.2	18.1	-2.3	-5.3	-1.1	-6.0	36.3	-7.6	-7.1	4.7
EBIT Margin	14.2%	14.2%	-2.2%	-5.6%	-1.6%	-9.3%	14.2%	-3.9%	-5.3%	8.0%

Performing Non- performing Total 1H21	Performing Non- performing Total 1H21	Performing Non- performing Total 1H21	Performing Non- performing Total 1H21	FY21	FY21	FY21	1H22	1H22	1H22
				Performing Non- performing Total			Performing Non- performing Total
UPB £bn*	42.9	4.0	46.9	40.4	3.5	43.9	38.7	3.1	41.8
Number of loans(k)*	307	30	337	286	26	312	269	24	293

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US Mortgage Services Profit & Loss

USD M (at actual rates)
1H19
2H19
1H20
2H20
1H21
2H21
Base Servicing Fees
81.9
90.7
103.8
110.3
107.9
101.6
Servicing related fees
22.2
24.9
23.5
23.4
29.8
49.4
Other service fees
42.4
68.8
82.1
71.4
75.4
82.3
Margin Income
12.9
16.9
17.9
6.3
2.1
1.7
Total Management Revenue
159.4
201.3
227.3
211.4
215.2
235.0
Operating expenditure
119.6
143.2
150.8
154.2
167.5
173.6
Share of net profit/(loss) of associates and jv
0.0
0.0
0.0
0.0
0.0
0.0
Management EBITDA
39.8
58.1
76.4
57.3
47.7
61.4
Management EBITDA ex MI
27.0
41.2
58.6
50.9
45.6
59.7
EBITDA Margin
25%
29%
34%
27%
22%
26%
Depreciation
1.1
1.4
3.4
0.4
2.1
1.8
Amortisation
20.4
23.2
29.5
35.0
45.1
53.9
Depreciation & Amortisation
21.5
24.6
32.9
35.4
47.2
55.7
Management EBIT
18.4
33.5
43.6
21.8
0.5
5.7
Management EBIT ex MI
5.5
16.6
25.7
15.5
-1.6
4.0
EBIT Margin
11.5%
16.7%
19.2%
10.3%
0.2%
2.4%
EBIT ex MI Margin
3.8%
9.0%
12.3%
7.6%
-0.7%
1.7%

FY19
FY20
FY21
1H22
172.6
214.1
209.5
94.1
47.1
47.0
79.2
26.4
111.3
153.4
157.7
92.3
29.8
24.2
3.7
1.2
360.7
438.7
450.1
214.0
262.7
305.0
341.1
163.3
0.0
0.0
0.0
0.0
98.0
133.7
109.0
50.7
68.2
109.5
105.3
49.5
27%
30%
24%
24%
2.5
3.8
3.9
1.5
43.6
64.5
99.0
54.9
46.1
68.3
102.9
56.4
51.9
65.4
6.2
-5.7
22.1
41.2
2.4
-6.9
14.4%
14.9%
1.4%
-2.7%
6.7%
9.9%
0.5%
-3.3%

Revenue definitions

Base fees – Fees received for base servicing activities. Fees are generally assessed in bps for owned or structured deals, while subservicing is usually paid as a $ fee. Subservicing fees vary by loan delinquency or category.
Servicing related fees – Additional fees received from servicing a loan. This includes Loss mitigation fees e.g. for loan modifications and ancillary Fees e.g. late fees.
Other service fees - includes valuation, real estate disposition services, loan fulfilment services and CMC Coop Service.
Margin Income Interest received on mortgagor funds prior to distribution.

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US Mortgage Services - UPB and number of loans

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FY21 1H22 1H22 v FY21
Non- Non- Non-
UPB and number of loans Performing Total Performing Total Performing Total
performing performing performing
UPB $bn 31.3 7.8 39.1 29.1 7.3 36.3 -7.1% -6.9% -7.0%
Fully owned MSR's
Number of loans (k) 152 62 214 139 59 198 -8.1% -5.7% -7.4%
UPB $bn 13.1 15.8 28.9 9.3 14.1 23.3 -29.4% -10.9% -19.3%
Part owned MSR's
Number of loans (k) 71 87 158 54 79 133 -23.6% -8.7% -15.4%
UPB $bn 35.5 8.4 43.9 46.0 7.2 53.3 29.7% -14.0% 21.3%
Subservicing
Number of loans (k) 212 78 290 251 61 312 18.1% -22.0% 7.3%
UPB $bn 79.9 32.0 111.9 84.4 28.6 112.9 5.6% -10.7% 0.9%
Total USA
Number of loans (k) 435 227 662 444 199 643 2.1% -12.5% -2.9%
USA
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Key Definitions

Performing servicing: Servicing of a mortgage which is less than 30 days delinquent. Typically loans that meet the criteria of the Government Sponsored Entities e.g. “Fannie Mae”, “Freddie Mac”.
Non-performing servicing: Servicing of a mortgage that is over 30 days delinquent up to management of the foreclosure process. Typically, nonperforming servicing is performed over loans that are part of a securitization arrangement.
Mortgage servicing rights (MSR): Intangible assets representing an ownership right to service the mortgage for a fee for the life of the mortgage. The owner of the MSR can either service the loan itself or appoint a sub-servicer to do so. A fully owned MSR is where CPU owns the MSR outright.
Servicing advances: The owner of the MSR is required to fund various obligations required to protect a mortgage if the borrower is unable to do so. Advances receive a priority in any liquidation and are often financed in standalone non-recourse servicing advance facilities.
Part owned MSR’s
CPU has sold part of the MSR to a third party investor.
An Excess Strip Sale refers to the sale of a stream of cash flows associated with the servicing fee on a performing MSR. The seller of the servicing strip has the ability to service the mortgage.
An SPV deal refers to the sale of the rights to the MSR and associated servicing advances into an SPV. CPU typically takes a 20% equity stake in the SPV and performs all servicing on the loans via a sub-servicing fee for service relationship.
Subservicing: Servicing performed on a contractual basis.

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US Mortgage Services - Invested Capital

USD M (at actual rates)	1H19	FY19	1H20	FY20	1H21	FY21	1H22
	Dec	Jun	Dec	Jun	Dec	Jun	Dec
Net Loan Servicing Advances1	44.3	59.5	101.0	88.8	91.5	119.0	136.3
Net MSR intangible asset2	298.5	330.3	440.0	458.2	489.7	512.9	470.3
Investment in SPVs3	37.4	38.6	34.0	35.6	32.8	30.3	32.1
Other intangible assets4	75.7	73.7	72.1	70.2	68.8	67.5	66.3
Total invested capital	455.8	502.2	647.1	652.8	682.8	729.6	705.0

Net cash payments for MSR purchases5	45.7	100.4	139.3	185.0	65.9	123.6	9.5
MSR amortisation6	20.4	43.6	29.5	64.5	45.1	99.0	54.9

1 FY21 Annual report reference: Note 14 Borrowings on SLS non-recourse lending facility and Note 16 Loan servicing advances.

2 FY21 Annual report reference: Note 9 Intangible assets on Mortgage servicing rights and Note 25 Mortgage servicing related liabilities.

3 FY21 Annual report reference: Note 13 Financial assets and liabilities at fair value through profit or loss regarding Investment in structured entities.

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4 Other intangibles are largely goodwill and acquired client lists related to acquisitions.

5 Refer to Cashflow statement: Investing cash flow - Payments for intangible assets including MSRs.

6 Amortisation for all servicing rights is calculated using the straight line method over their estimated useful lives of eight years for the interest-sensitive portfolio and nine years for the non interest-sensitive portfolio.

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1H22 Revenue by Business Unit and Geography

USD M(at actual rates) ANZ Asia UCIA CEU USA Canada Total	USD M(at actual rates) ANZ Asia UCIA CEU USA Canada Total	USD M(at actual rates) ANZ Asia UCIA CEU USA Canada Total	USD M(at actual rates) ANZ Asia UCIA CEU USA Canada Total	USD M(at actual rates) ANZ Asia UCIA CEU USA Canada Total	USD M(at actual rates) ANZ Asia UCIA CEU USA Canada Total	USD M(at actual rates) ANZ Asia UCIA CEU USA Canada Total	USD M(at actual rates) ANZ Asia UCIA CEU USA Canada Total
Register Maintenance	54.5	28.4	34.2	15.7	168.1	29.4	330.3
Corporate Actions	11.0	9.2	3.4	0.0	27.1	10.4	61.0
Stakeholder RelationshipManagement	1.5	2.5	6.0	0.0	16.5	0.0	26.5
Governance Services	0.6	0.3	6.2	1.7	35.1	1.3	45.1
Issuer Services	67.5	40.3	49.8	17.3	246.8	41.2	463.0
UK Mortgage Services	0.0	0.0	0.0	0.0	214.0	0.0	214.0
US Mortgage Services	0.0	0.0	58.2	0.0	0.0	0.0	58.2
Mortgage Services & Property Rental Services	0.0	0.0	80.4	0.0	214.0	0.0	294.4
Employee Share Plans	8.1	20.8	87.4	5.0	25.9	10.6	157.8
Employee Share Plans & Voucher Services	8.1	20.8	93.0	5.0	25.9	10.6	163.4
Corporate Trust	0.0	0.0	0.0	0.0	4.9	31.2	36.1
Bankruptcy	0.0	0.0	0.0	0.0	17.3	0.0	17.3
Class Actions	0.0	0.0	6.5	0.0	22.7	2.2	31.5
Business Services	0.0	0.0	6.5	0.0	45.0	33.4	84.9
Communication Services & Utilities	40.9	0.0	4.1	15.3	18.9	5.3	84.5
Corporate & Technology	0.4	0.0	1.0	-0.1	3.3	0.0	4.6
Computershare Corporate Trust	0.0	0.0	0.0	0.0	76.7	0.0	76.7
Total Revenue	116.9	61.2	234.8	37.5	630.6	90.5	1,171.5

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1H22 Revenue by Country (USD and Local Currency)

USD M(at actual rates)	Australia	Hong Kong	UK & Offshore	Switzerland	South Africa	Germany	USA	Canada	Other	Total
Register Maintenance	49.1	28.4	24.8	2.7	6.7	3.5	168.1	29.4	17.4	330.3
Corporate Actions	9.9	9.2	1.9	0.0	1.0	0.0	27.1	10.4	1.4	61.0
Stakeholder RelationshipManagement	1.5	2.5	3.6	0.0	0.0	0.0	16.5	0.0	2.5	26.5
Governance Services	0.6	0.3	5.8	0.0	0.4	0.4	35.1	1.3	1.4	45.1
Issuer Services	61.1	40.3	36.1	2.7	8.1	3.9	246.8	41.2	22.7	463.0
Mortgage Services & PropertyRental Services	0.0	0.0	80.4	0.0	0.0	0.0	214.0	0.0	0.0	294.4
Employee Share Plans & Voucher Services	8.1	20.7	45.7	44.6	0.1	0.1	26.5	10.6	7.0	163.4
Business Services	0.0	0.0	6.5	0.0	0.0	0.0	45.0	33.4	0.0	84.9
Communication Services & Utilities	40.9	0.0	4.1	0.0	0.0	15.3	18.9	5.3	0.0	84.5
Corporate & Technology	0.4	0.0	1.1	-0.1	0.0	0.0	3.3	0.0	-0.0	4.6
Computershare Corporate Trust	0.0	0.0	0.0	0.0	0.0	0.0	76.7	0.0	0.0	76.7
Total Revenue in USD	110.5	61.0	173.8	47.2	8.3	19.4	631.2	90.5	29.6	1,171.5

	Australia	Hong Kong	UK & Offshore	Switzerland	South Africa	Germany	USA	Canada	Other
	AUD HKD GBP CHF RAND EUR USD CAD USD
Register Maintenance	66.9	221.3	18.1	2.5	100.8	3.0	168.1	37.0	17.4
Corporate Actions	13.5	71.2	1.4	0.0	15.7	0.0	27.1	13.1	1.4
Stakeholder RelationshipManagement	2.0	19.3	2.6	0.0	0.0	0.0	16.5	0.0	2.5
Governance Services	0.8	2.1	4.2	0.0	5.4	0.3	35.1	1.7	1.4
Issuer Services	83.3	313.9	26.4	2.5	121.9	3.4	246.8	51.7	22.7
Mortgage Services & PropertyRental Services	0.0	0.0	58.8	0.0	0.0	0.0	214.0	0.0	0.0
Employee Share Plans & Voucher Services	11.1	160.8	33.4	41.0	2.1	0.1	26.5	13.3	7.0
Business Services	0.0	0.0	4.7	0.0	0.0	0.0	45.0	42.0	0.0
Communication Services & Utilities	55.7	0.0	3.0	0.0	0.0	13.1	18.9	6.6	0.0
Corporate & Technology	0.5	0.3	0.8	-0.1	0.1	0.0	3.3	0.0	-0.0
Computershare Corporate Trust	0.0	0.0	0.0	0.0	0.0	0.0	76.7	0.0	0.0
Total Revenue in local currency	150.6	475.0	127.0	43.3	124.1	16.6	631.2	113.6	29.6

Equatex Revenue of $45.253m has been split between Switzerland $43.1m, USA $0.6m and Other $1.6m. This revenue is classified as UCIA consistent with prior periods. In addition, Switzerland includes revenue for Register Maintenance $2.7m and Employee Share Plans $1.5m.

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Revenue, EBITDA and EBIT by Region

USD M (at actual rates)

Revenue 1H19 2H19 1H20 2H20 1H21 2H21	Revenue 1H19 2H19 1H20 2H20 1H21 2H21	Revenue 1H19 2H19 1H20 2H20 1H21 2H21	Revenue 1H19 2H19 1H20 2H20 1H21 2H21	Revenue 1H19 2H19 1H20 2H20 1H21 2H21	Revenue 1H19 2H19 1H20 2H20 1H21 2H21	Revenue 1H19 2H19 1H20 2H20 1H21 2H21	FY19 FY20 FY21	FY19 FY20 FY21	FY19 FY20 FY21	1H22
ANZ	123.5	96.9	107.7	88.7	111.4	102.0	220.4	196.4	213.4	116.9
Asia 69.6		49.5	52.4	60.1	76.8	84.6	119.1	112.5	161.3	61.2
UCIA	260.7	319.6	258.7	268.3	215.8	254.2	580.3	527.0	470.0	234.8
CEU 41.5 62.8							104.4 87.5 100.9 1,137.2 1,172.0 1,197.0 195.2 185.8 180.2 2,356.5 2,281.2 2,322.8 FY19 FY20 FY21			37.5
USA	531.7	605.5	576.6	595.4	574.5	622.5				630.6
Canada 100.9 94.3										90.5
Total Revenue	1,127.8	1,228.7	1,124.3	1,156.9	1,102.5	1,220.3				1,171.5

										1H22
ANZ	18.7	6.0	16.9	5.2	8.7	14.9	24.7	22.1	23.7	15.7
Asia 26.5		16.8	21.3	23.0	39.1	32.0	43.3	44.3	71.1	27.9
UCIA	59.1	77.1	41.1	50.4	33.2	56.1	136.2	91.5	89.4	59.3
CEU 3.9 14.7							18.6 10.7 18.4 366.2 392.3 342.7 85.8 85.5 83.1 674.9 646.4 628.2 FY19 FY20 FY21			5.6
USA	175.6	190.7	202.0	190.3	156.6	186.1				161.5
Canada 47.6 38.2										44.5
Total EBITDA	331.4	343.4	336.6	309.7	277.7	350.5				314.4

										1H22
ANZ	16.6	4.1	11.5 19.5	0.1 21.2	3.1 37.2	8.7 29.9	20.7	11.6	11.7	10.3
Asia 26.3		16.6					43.0	40.7	67.1	25.9
UCIA	53.5	70.1	28.8	37.5	20.7	44.4	123.6	66.4	65.1	48.3
CEU 3.0 13.5 5.7 0.6 2.4 11.7 USA 144.7 156.7 154.9 136.6 93.7 115.4 Canada 47.1 37.7 45.4 36.1 33.7 45.2 Total EBIT 291.3 298.8 265.9 232.2 190.8 255.3							16.5 6.3 14.1 301.4 291.6 209.2 84.9 81.5 78.9 590.1 498.0 446.1			3.6
										90.9
										42.5
Total EBIT	291.3	298.8	265.9	232.2	190.8	255.3	590.1	498.0	446.1	221.4

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Revenue excluding acquisitions and disposals

USD M (at actual rates)	1H19	2H19	1H20	2H20	1H21	2H21	FY19	FY20	FY21	1H22
Management Revenue	1,127.8	1,228.7	1,124.3	1,156.9	1,102.5	1,220.3	2,356.5	2,281.2	2,322.8	1,171.5
Less acquisitions*	12.2	76.6	43.4	11.6	20.3	11.0	88.9	55.1	31.2	76.7
Less disposals	23.4	0.1					23.5
Less UKAR fixed fee	48.1	44.8	27.4	23.3	4.0	0.1	93.0	50.6	4.1	0.0
Less Margin Income	125.2	121.2	116.0	83.4	55.5	51.5	246.5	199.4	107.0	54.7
Management Revenue excluding acquisitions and
disposals, UKAR fixed fee and MI	918.8	986.0	937.5	1,038.6	1,022.7	1,157.8	1,904.8	1,976.1	2,180.5	1,040.1

* Reflects first 12 months revenue contribution.

Acquisitions: Equatex Group Holding AG (9th Nov 18), LenderLive Financial Services, LLC (31st Dec 18), Corporate Creations (28th February 20), Verbatim LLC (1st July 20), Wells Fargo Corporate Trust Services (1st November 2021).

Disposals: Karvy – 50% interest (17th Nov 18)

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Statutory results

USD M (at actual rates)

Statutory results	1H21	1H22	1H22 v 21
Total revenue from continuing operations	1,092.4	1,157.2	5.9%
Other income	21.3	31.4	47.6%
Total Revenue	1,113.7	1,188.6	6.7%
Total Expenses	1,009.7	1,057.4	4.7%
Statutory Net Profit (post NCI)	72.6	92.1	26.9%
Earnings per share (post NCI)	13.28	15.25	14.8%
Reconciliation of Statutory Revenue to Management Results			1H22
Total Revenue per statutory results			1,188.6
Management Adjustments			-17.1
Gain on disposal of the Group's investment in Milestone Group Pty Ltd			-16.6
Gain on the sale of Private Capital Solutions client accounts in Canada			-0.5
Total Revenue per management results			1,171.5
Reconciliation of Statutory NPAT to Management Results			1H22
Net profit after tax per statutory results			92.1
Management Adjustments (after tax)
Amortisation			20.4
Acquisitions and Disposals			20.4
Other			6.6
Total Management Adjustments			47.4
Net profit after tax per management results			139.5
Management Earnings per share (cps)			23.10

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. These items are typically non-recurring costs associated with significant restructuring programs and integration of acquisitions and profits and losses arising from the sale of businesses and investments.
Management adjustments are made on the same basis as in prior years.
Non-cash management adjustments include significant amortisation of identified intangible assets from businesses acquired in recent years, which will recur in subsequent years, asset disposals and other oneoff charges.
Cash adjustments are predominantly expenditure on acquisitionrelated and other restructures and will cease once the relevant acquisition integrations and restructures are complete.
A description of the current financial year’s management adjustments is included on the next slide.
The non-IFRS financial information contained within this document has not been reviewed or audited in accordance with Australian Auditing Standards.

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Management adjustment items

USD M (at actual rates)	1H19	FY19	1H20	FY20	1H21	FY21	1H22
Management adjustments items (net of tax)
Amortisation	18.6	40.1	20.8	42.6	21.4	42.7	20.4
Amortisation of acquisition related intangible assets	18.6	40.1	20.8	42.6	21.4	42.7	20.4
Acquisitions and Disposals	-92.2	-86.4	5.9	5.9	4.8	24.5	20.4
Acquisition and disposal related expenses	6.9	13.6	8.1	15.7	13.7	33.6	33.4
Gain on disposal of Karvy	-108.5	-106.4
One-off tax expense on Equatex IP restructure	9.1	5.8	-1.1	-1.1
Acquisition accounting adjustments	0.3	0.7	-1.1	-1.0
Benefits of tax losses not previously recognised on Equatex acquisition				-7.7
Gain on Disposal of the Group's shareholding in Euroclear Holding SA/NV					-8.9	-9.1
Gain on the disposal of the Group's investment in Milestone Group Pty Ltd							-12.5
Gain on the sale of Private Capital Solutions client accounts in Canada							-0.4
Other	4.1	11.9	5.5	22.7	19.2	27.5	6.6
Major restructuring costs	7.5	14.8	6.6	19.9	19.3	29.2	3.7
Marked to market adjustments - derivatives	-2.8	-3.1	-1.1	2.8	-0.1	1.6	1.9
Impairment charge - investments in associates		13.5
Restatement of deferred tax balances due to US tax law changes		-12.8
Put option liability re-measurement	-1.7	-1.7
True-up of US tax reform impact on foreign subsidiary profits	1.1	1.2
Reversal of provisions						-3.2
Voucher Services impairment							1.1
Total Management Adjustments	-69.5	-34.4	32.3	71.2	45.3	94.8	47.4

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Other expenditure

USD M (at actual rates)

Operating costs	1H19 2H19 1H20 2H20 1H21 2H21 175.5 202.9 171.2 200.6 202.9 219.6 477.9 531.6 489.9 514.4 502.3 534.3 450.1 501.6 465.8 490.4 485.4 516.1 27.7 30.1 24.1 24.0 16.9 18.2 38.9 38.6 16.1 16.6 17.5 13.8 52.9 55.2 60.6 57.7 58.9 55.4 50.3 56.9 50.0 57.9 43.5 46.8 619.9 682.4 616.6 646.6 622.2 650.3 795.4 885.3 787.8 847.3 825.1 869.9	1H19 2H19 1H20 2H20 1H21 2H21 175.5 202.9 171.2 200.6 202.9 219.6 477.9 531.6 489.9 514.4 502.3 534.3 450.1 501.6 465.8 490.4 485.4 516.1 27.7 30.1 24.1 24.0 16.9 18.2 38.9 38.6 16.1 16.6 17.5 13.8 52.9 55.2 60.6 57.7 58.9 55.4 50.3 56.9 50.0 57.9 43.5 46.8 619.9 682.4 616.6 646.6 622.2 650.3 795.4 885.3 787.8 847.3 825.1 869.9	1H19 2H19 1H20 2H20 1H21 2H21 175.5 202.9 171.2 200.6 202.9 219.6 477.9 531.6 489.9 514.4 502.3 534.3 450.1 501.6 465.8 490.4 485.4 516.1 27.7 30.1 24.1 24.0 16.9 18.2 38.9 38.6 16.1 16.6 17.5 13.8 52.9 55.2 60.6 57.7 58.9 55.4 50.3 56.9 50.0 57.9 43.5 46.8 619.9 682.4 616.6 646.6 622.2 650.3 795.4 885.3 787.8 847.3 825.1 869.9	1H19 2H19 1H20 2H20 1H21 2H21 175.5 202.9 171.2 200.6 202.9 219.6 477.9 531.6 489.9 514.4 502.3 534.3 450.1 501.6 465.8 490.4 485.4 516.1 27.7 30.1 24.1 24.0 16.9 18.2 38.9 38.6 16.1 16.6 17.5 13.8 52.9 55.2 60.6 57.7 58.9 55.4 50.3 56.9 50.0 57.9 43.5 46.8 619.9 682.4 616.6 646.6 622.2 650.3 795.4 885.3 787.8 847.3 825.1 869.9	1H19 2H19 1H20 2H20 1H21 2H21 175.5 202.9 171.2 200.6 202.9 219.6 477.9 531.6 489.9 514.4 502.3 534.3 450.1 501.6 465.8 490.4 485.4 516.1 27.7 30.1 24.1 24.0 16.9 18.2 38.9 38.6 16.1 16.6 17.5 13.8 52.9 55.2 60.6 57.7 58.9 55.4 50.3 56.9 50.0 57.9 43.5 46.8 619.9 682.4 616.6 646.6 622.2 650.3 795.4 885.3 787.8 847.3 825.1 869.9	1H19 2H19 1H20 2H20 1H21 2H21 175.5 202.9 171.2 200.6 202.9 219.6 477.9 531.6 489.9 514.4 502.3 534.3 450.1 501.6 465.8 490.4 485.4 516.1 27.7 30.1 24.1 24.0 16.9 18.2 38.9 38.6 16.1 16.6 17.5 13.8 52.9 55.2 60.6 57.7 58.9 55.4 50.3 56.9 50.0 57.9 43.5 46.8 619.9 682.4 616.6 646.6 622.2 650.3 795.4 885.3 787.8 847.3 825.1 869.9	FY19 FY20 FY21 378.4 371.8 422.4 1,009.5 1,004.3 1,036.6 951.7 956.2 1,001.5 57.8 48.1 35.1 77.5 32.7 31.3 108.1 118.4 114.3 107.2 107.9 90.3 1,302.3 1,263.3 1,272.5 1,680.7 1,635.1 1,695.0	FY19 FY20 FY21 378.4 371.8 422.4 1,009.5 1,004.3 1,036.6 951.7 956.2 1,001.5 57.8 48.1 35.1 77.5 32.7 31.3 108.1 118.4 114.3 107.2 107.9 90.3 1,302.3 1,263.3 1,272.5 1,680.7 1,635.1 1,695.0	FY19 FY20 FY21 378.4 371.8 422.4 1,009.5 1,004.3 1,036.6 951.7 956.2 1,001.5 57.8 48.1 35.1 77.5 32.7 31.3 108.1 118.4 114.3 107.2 107.9 90.3 1,302.3 1,263.3 1,272.5 1,680.7 1,635.1 1,695.0	1H22
Cost of Sales	175.5	202.9	171.2	200.6	202.9	219.6				191.3

Personnel	477.9	531.6	489.9	514.4	502.3	534.3	1,009.5	1,004.3	1,036.6	553.8
Fixed/Perm	450.1	501.6	465.8	490.4	485.4	516.1	951.7	956.2	1,001.5	535.1
Variable/Temp	27.7	30.1	24.1	24.0	16.9	18.2	57.8	48.1	35.1	18.7
Occupancy Other Direct Computer/External Technology	38.9	38.6	16.1	16.6	17.5	13.8	77.5	32.7	31.3	13.9
	52.9	55.2	60.6	57.7	58.9	55.4	108.1	118.4	114.3	51.8
	50.3	56.9	50.0	57.9	43.5	46.8	107.2	107.9	90.3	46.6
Total Operating Expenses	619.9	682.4	616.6	646.6	622.2	650.3	1,302.3	1,263.3	1,272.5	666.1
Total Operating Expenditure	795.4	885.3	787.8	847.3	825.1	869.9	1,680.7	1,635.1	1,695.0	857.4

Note 1: Computer/External technology includes hardware, software licenses, network and voice costs, 3rd party vendor fees and data centre costs.

Technology Costs 1H19 2H19 1H20 2H20 1H21 2H21 Development 35.7 36.6 47.7 51.5 48.5 52.2 Infrastructure 45.1 50.3 57.3 59.0 55.2 57.0 Maintenance 43.0 44.9 29.6 26.2 22.1 20.0 Admin 4.1 5.9 7.6 7.2 6.4 6.7 Total Technology Costs 128.0 137.7 142.2 144.0 132.3 135.9 Technology costs as a % of revenue 11.3% 11.2% 12.6% 12.4% 12.0% 11.1%	Technology Costs 1H19 2H19 1H20 2H20 1H21 2H21 Development 35.7 36.6 47.7 51.5 48.5 52.2 Infrastructure 45.1 50.3 57.3 59.0 55.2 57.0 Maintenance 43.0 44.9 29.6 26.2 22.1 20.0 Admin 4.1 5.9 7.6 7.2 6.4 6.7 Total Technology Costs 128.0 137.7 142.2 144.0 132.3 135.9 Technology costs as a % of revenue 11.3% 11.2% 12.6% 12.4% 12.0% 11.1%	Technology Costs 1H19 2H19 1H20 2H20 1H21 2H21 Development 35.7 36.6 47.7 51.5 48.5 52.2 Infrastructure 45.1 50.3 57.3 59.0 55.2 57.0 Maintenance 43.0 44.9 29.6 26.2 22.1 20.0 Admin 4.1 5.9 7.6 7.2 6.4 6.7 Total Technology Costs 128.0 137.7 142.2 144.0 132.3 135.9 Technology costs as a % of revenue 11.3% 11.2% 12.6% 12.4% 12.0% 11.1%	Technology Costs 1H19 2H19 1H20 2H20 1H21 2H21 Development 35.7 36.6 47.7 51.5 48.5 52.2 Infrastructure 45.1 50.3 57.3 59.0 55.2 57.0 Maintenance 43.0 44.9 29.6 26.2 22.1 20.0 Admin 4.1 5.9 7.6 7.2 6.4 6.7 Total Technology Costs 128.0 137.7 142.2 144.0 132.3 135.9 Technology costs as a % of revenue 11.3% 11.2% 12.6% 12.4% 12.0% 11.1%	Technology Costs 1H19 2H19 1H20 2H20 1H21 2H21 Development 35.7 36.6 47.7 51.5 48.5 52.2 Infrastructure 45.1 50.3 57.3 59.0 55.2 57.0 Maintenance 43.0 44.9 29.6 26.2 22.1 20.0 Admin 4.1 5.9 7.6 7.2 6.4 6.7 Total Technology Costs 128.0 137.7 142.2 144.0 132.3 135.9 Technology costs as a % of revenue 11.3% 11.2% 12.6% 12.4% 12.0% 11.1%	Technology Costs 1H19 2H19 1H20 2H20 1H21 2H21 Development 35.7 36.6 47.7 51.5 48.5 52.2 Infrastructure 45.1 50.3 57.3 59.0 55.2 57.0 Maintenance 43.0 44.9 29.6 26.2 22.1 20.0 Admin 4.1 5.9 7.6 7.2 6.4 6.7 Total Technology Costs 128.0 137.7 142.2 144.0 132.3 135.9 Technology costs as a % of revenue 11.3% 11.2% 12.6% 12.4% 12.0% 11.1%	Technology Costs 1H19 2H19 1H20 2H20 1H21 2H21 Development 35.7 36.6 47.7 51.5 48.5 52.2 Infrastructure 45.1 50.3 57.3 59.0 55.2 57.0 Maintenance 43.0 44.9 29.6 26.2 22.1 20.0 Admin 4.1 5.9 7.6 7.2 6.4 6.7 Total Technology Costs 128.0 137.7 142.2 144.0 132.3 135.9 Technology costs as a % of revenue 11.3% 11.2% 12.6% 12.4% 12.0% 11.1%	FY19 FY20 FY21 72.3 99.2 100.7 95.4 116.3 112.2 87.9 55.9 42.2 10.0 14.8 13.1 265.6 286.1 268.2 11.3% 12.5% 11.5%	FY19 FY20 FY21 72.3 99.2 100.7 95.4 116.3 112.2 87.9 55.9 42.2 10.0 14.8 13.1 265.6 286.1 268.2 11.3% 12.5% 11.5%	FY19 FY20 FY21 72.3 99.2 100.7 95.4 116.3 112.2 87.9 55.9 42.2 10.0 14.8 13.1 265.6 286.1 268.2 11.3% 12.5% 11.5%	1H22
Development	35.7	36.6	47.7	51.5	48.5	52.2	72.3	99.2	100.7	54.3
Infrastructure	45.1	50.3	57.3	59.0	55.2	57.0	95.4	116.3	112.2	56.4
Maintenance	43.0	44.9	29.6	26.2	22.1	20.0	87.9	55.9	42.2	21.0
Admin	4.1	5.9	7.6	7.2	6.4	6.7	10.0	14.8	13.1	7.5
Total Technology Costs	128.0	137.7	142.2	144.0	132.3	135.9	265.6	286.1	268.2	139.2
Technology costs as a % of revenue	11.3%	11.2%	12.6%	12.4%	12.0%	11.1%	11.3%	12.5%	11.5%	11.9%

Note 2: Technology costs include personnel, occupancy and other direct costs attributable to technology services. No internal development cost is capitalised.

Capex breakdown 1H19 2H19 1H20 2H20 1H21 2H21 Information Technology 24.0 13.1 9.0 7.8 6.6 11.7 Communication Services Facilities 3.9 2.7 0.2 3.6 1.5 2.6 Occupancy 4.7 7.7 4.1 1.0 2.3 1.0 Other 0.8 0.4 0.4 0.7 0.1 1.1 Total Capex 33.3 23.8 13.6 13.2 10.6 16.4	Capex breakdown 1H19 2H19 1H20 2H20 1H21 2H21 Information Technology 24.0 13.1 9.0 7.8 6.6 11.7 Communication Services Facilities 3.9 2.7 0.2 3.6 1.5 2.6 Occupancy 4.7 7.7 4.1 1.0 2.3 1.0 Other 0.8 0.4 0.4 0.7 0.1 1.1 Total Capex 33.3 23.8 13.6 13.2 10.6 16.4	Capex breakdown 1H19 2H19 1H20 2H20 1H21 2H21 Information Technology 24.0 13.1 9.0 7.8 6.6 11.7 Communication Services Facilities 3.9 2.7 0.2 3.6 1.5 2.6 Occupancy 4.7 7.7 4.1 1.0 2.3 1.0 Other 0.8 0.4 0.4 0.7 0.1 1.1 Total Capex 33.3 23.8 13.6 13.2 10.6 16.4	Capex breakdown 1H19 2H19 1H20 2H20 1H21 2H21 Information Technology 24.0 13.1 9.0 7.8 6.6 11.7 Communication Services Facilities 3.9 2.7 0.2 3.6 1.5 2.6 Occupancy 4.7 7.7 4.1 1.0 2.3 1.0 Other 0.8 0.4 0.4 0.7 0.1 1.1 Total Capex 33.3 23.8 13.6 13.2 10.6 16.4	Capex breakdown 1H19 2H19 1H20 2H20 1H21 2H21 Information Technology 24.0 13.1 9.0 7.8 6.6 11.7 Communication Services Facilities 3.9 2.7 0.2 3.6 1.5 2.6 Occupancy 4.7 7.7 4.1 1.0 2.3 1.0 Other 0.8 0.4 0.4 0.7 0.1 1.1 Total Capex 33.3 23.8 13.6 13.2 10.6 16.4	Capex breakdown 1H19 2H19 1H20 2H20 1H21 2H21 Information Technology 24.0 13.1 9.0 7.8 6.6 11.7 Communication Services Facilities 3.9 2.7 0.2 3.6 1.5 2.6 Occupancy 4.7 7.7 4.1 1.0 2.3 1.0 Other 0.8 0.4 0.4 0.7 0.1 1.1 Total Capex 33.3 23.8 13.6 13.2 10.6 16.4	Capex breakdown 1H19 2H19 1H20 2H20 1H21 2H21 Information Technology 24.0 13.1 9.0 7.8 6.6 11.7 Communication Services Facilities 3.9 2.7 0.2 3.6 1.5 2.6 Occupancy 4.7 7.7 4.1 1.0 2.3 1.0 Other 0.8 0.4 0.4 0.7 0.1 1.1 Total Capex 33.3 23.8 13.6 13.2 10.6 16.4	FY19 FY20 FY21 37.1 16.8 18.3 6.6 3.8 4.1 12.3 5.1 3.3 1.2 1.1 1.3 57.2 26.8 27.0	FY19 FY20 FY21 37.1 16.8 18.3 6.6 3.8 4.1 12.3 5.1 3.3 1.2 1.1 1.3 57.2 26.8 27.0	FY19 FY20 FY21 37.1 16.8 18.3 6.6 3.8 4.1 12.3 5.1 3.3 1.2 1.1 1.3 57.2 26.8 27.0	1H22
Information Technology	24.0	13.1	9.0	7.8	6.6	11.7	37.1	16.8	18.3	9.1
Communication Services Facilities	3.9	2.7	0.2	3.6	1.5	2.6	6.6	3.8	4.1	0.5
Occupancy	4.7	7.7	4.1	1.0	2.3	1.0	12.3	5.1	3.3	3.1
Other	0.8	0.4	0.4	0.7	0.1	1.1	1.2	1.1	1.3	0.3
Total Capex	33.3	23.8	13.6	13.2	10.6	16.4	57.2	26.8	27.0	12.9

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Breakdown of average client balances

	Legacy CCT Total
2H19 1H20 2H20 1H21 2H21	1H22 1H22 1H22
Total Balances ($bn) 16.1 16.8 17.6 17.6 20.0 Exposed Balances 11.3 11.6 11.2 12.8 14.4	21.4 6.4 27.9 14.8 3.0 17.8
Exposed: Hedged balances
By Profile 3.0 3.6 3.3 2.8 3.4 Fixed rate deposits 1.6 3.2 2.9 2.7 3.4 Fixed rate swaps 1.4 0.4 0.4 0.1 0.0 Split by Currency 3.0 3.6 3.3 2.8 3.4 AUD 0.0 0.0 0.0 0.0 0.0 CAD 0.1 0.6 0.5 0.5 0.5 GBP 1.2 1.4 1.4 1.6 1.8 USD 1.7 1.6 1.4 0.7 1.0	2.8 0.0 2.8 2.8 0.0 2.8 0.0 0.0 0.0 2.8 0.0 2.8 0.0 0.0 0.0 0.5 0.0 0.5 1.7 0.0 1.7 0.7 0.0 0.7
Exposed: Non - hedged balances
By Profile 8.3 8.0 7.9 10.0 11.0 Non - hedged balances 6.7 6.1 6.0 9.9 9.9 Natural hedge floating rate debt 1.6 1.9 1.9 0.1 1.0 Split by Currency 8.3 8.0 7.9 10.0 11.0 AUD 0.3 0.3 0.3 0.4 0.4 CAD 1.3 1.1 1.1 1.2 1.7 GBP 2.5 2.1 2.0 2.0 2.2 USD 3.8 3.9 4.0 5.9 6.2 Other 0.5 0.6 0.4 0.5 0.4	11.9 3.0 14.9 10.7 3.0 13.8 1.2 0.0 1.2 11.9 3.0 14.9 0.6 0.0 0.6 1.4 0.0 1.4 2.5 0.0 2.5 6.9 3.0 9.9 0.6 0.0 0.6
Non-Exposed Balances 4.8 5.2 6.4 4.8 5.6	6.7 3.4 10.1

MMF Balances	16.5 16.5

Note: Non-exposed balances are not hedged.

Average exposed balances prior to hedging

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OtherAUD
3%3% CAD
11%
GBP
1H22
24%
USD
59%
OtherAUD
4% 3% CAD
13%
1H21
USD GBP
52% 28%
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Includes CCT balances for 2 months in 1H22. ($27.9bn is the weighted average balance for 1H22).

Breakdown of Margin Income

	Legacy CCT Total
At actual rates 2H19 1H20 2H20 1H21 2H21	1H22 1H22 1H22
Total Margin Income 121.2 116.0 83.4 55.5 51.5 Exposed 107.7 103.7 72.6 48.2 46.6	54.7 7.5 62.1 47.5 7.5 54.9
Exposed: Hedged
By Profile 33.9 42.2 38.7 31.5 32.3 Fixed rate deposits 16.4 35.7 32.6 28.4 29.2 Fixed rate swaps 17.5 6.5 6.1 3.1 3.1 Split by Country 33.9 42.2 38.7 31.5 32.3 Australia 0.0 0.0 0.0 0.1 0.1 Canada 0.6 7.5 6.4 5.8 6.0 UK 10.1 11.2 11.1 12.1 12.0 US 23.2 23.5 21.2 13.5 14.1	32.8 0.0 32.8 29.7 0.0 29.7 3.1 0.0 3.1 32.8 0.0 32.8 0.1 0.0 0.1 6.1 0.0 6.1 18.0 0.0 18.0 8.7 0.0 8.7
Exposed: Non - hedged
By Profile 73.8 61.5 33.9 16.7 14.3 Non - hedged 73.8 61.5 33.9 16.7 14.3 Natural hedge floating rate debt1 n/a n/a n/a n/a n/a Split by Country 73.8 61.5 33.9 16.7 14.3 Australia 1.6 1.0 0.2 0.5 0.0 Canada 15.6 12.3 7.8 1.7 2.4 UK 14.1 10.1 8.0 3.4 2.0 US 41.3 36.3 16.2 10.1 9.1 Other 1.3 1.9 1.7 1.0 0.8	14.6 7.5 22.1 14.6 7.5 22.1 n/a n/a n/a 14.6 7.5 22.1 0.0 0.0 0.0 2.6 0.0 2.6 5.3 0.0 5.3 5.9 7.5 13.3 0.9 0.0 0.9
Non-Exposed 13.5 12.3 10.8 7.3 4.9	7.2 0.0 7.2

Total Margin Income ($m) 121.2 116.0 83.4 55.5 51.5 Exposed Margin Income 107.7 103.7 72.6 48.2 46.6 Non-Exposed Margin Income 13.5 12.3 10.8 7.3 4.9	54.7 7.5 62.1 47.5 7.5 54.9 7.2 - 7.2

Average annualised yield 1.52% 1.38% 0.95% 0.63% 0.52% Exposed 1.91% 1.79% 1.30% 0.75% 0.65% Exposed: Hedged 2.26% 2.34% 2.34% 2.29% 1.91% Exposed: Non - hedged 1.77% 1.54% 0.86% 0.33% 0.26% Non-exposed 0.58% 0.47% 0.34% 0.30% 0.18%	0.58% 0.23% 0.45% 0.78% 0.29% 0.62% 2.32% 0.00% 2.32% 0.42% 0.29% 0.30% 0.12% 0.19% 0.14%

Exposed: Hedged (underlying)2 2.26% 2.34% 2.34% 2.07% 1.73%	2.11% 0.00% 2.11%

Margin Income contribution from exposed hedged balances

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Australia
0% Canada
US 19%
26%
1H22
UK
55%
Australia
0% Canada
19%
US
43%
1H21
UK
38%
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1 Interest on debt is recorded separately to Margin Income. However, the floating rate debt balances provide a natural offset to the interest rate exposure from exposed client balances for the Group.

2 Margin Income effective from 1H21 reflects the benefit of hedges unwound in June 2020. The lower adjusted yield reflects the removal of this benefit.

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Exposed and non-exposed average balances by business

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1H21 Balances Margin FY21 Balances Margin 1H22 Balances Margin
(USDbn) Income (USDbn) Income (USDbn) Income
At actual rates Exp Non-Exp (USDm) Exp Non-Exp (USDm) Exp Non-Exp (USDm)
Register Maintenance 2.5 0.3 11.4 2.7 0.2 20.9 3.2 0.3 8.2
Corporate Actions 1.9 1.6 10.6 2.2 2.1 23.3 3.3 3.3 10.1
Issuer Services 4.4 1.9 22.1 4.9 2.3 44.2 6.5 3.5 18.3
Employee Share Plans & Voucher Services 1.3 0.1 2.3 1.3 0.1 4.2 1.3 0.0 1.2
Business Services 2.7 2.8 15.7 3.0 2.9 29.4 2.6 3.1 12.0
Mortgage Services & Property Rental Services 4.3 0.0 15.5 4.4 0.0 29.3 4.3 0.0 23.1
Computershare Corporate Trust 3.0 3.4 7.5
Totals 12.8bn 4.8bn 55.5m 13.6bn 5.2bn 107.0m 17.8bn 10.1bn 62.1m
Total average balances 17.5bn 18.8bn 27.9bn
Margin Income 48.2m 7.3m 94.8m 12.2m 54.9m 7.2m
Average annualised yield 0.75% 0.30% 0.70% 0.23% 0.62% 0.14%
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*Includes CCT balances and Margin Income for 2 months in 1H22. ($27.9bn is the weighted average balance for 1H22). CCT excludes MMF balances of $16.5bn for 1H22.

Profile of our swap and fixed rate deposit book and floating rate deposits

	2H22	1H23	2H23	1H24	2H24	1H25	2H25	1H26	2H26	1H27
Exposed: Hedged balances ($bn)
By Profile	2.4	2.0	1.7	1.5	1.5	1.3	1.3	1.2	0.7	0.2
Fixed rate deposits	2.4	2.0	1.7	1.5	1.5	1.3	1.3	1.2	0.7	0.1
Fixed rate swaps	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.1
Split by Currency	2.4	2.0	1.7	1.5	1.5	1.3	1.3	1.2	0.7	0.2
AUD	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
CAD	0.4	0.2	0.2	0.2	0.2	0.0	0.0	0.0	0.0	0.0
GBP	1.5	1.5	1.2	1.0	1.0	1.0	1.0	1.0	0.5	0.1
USD	0.4	0.3	0.3	0.3	0.3	0.3	0.3	0.2	0.2	0.1
Average Weighted Hedged Yield	2.33%	1.28%	1.32%	1.37%	1.36%	1.18%	1.18%	1.18%	1.28%	1.17%
Exposed: Non-hedged (floating rate term deposits)		($bn)
By Profile	3.2	3.0	2.2	1.6	1.3	1.2	1.1	1.0	0.9	0.8
Floating rate deposits	3.2	3.0	2.2	1.6	1.3	1.2	1.1	1.0	0.9	0.8
Split by Currency	3.2	3.0	2.2	1.6	1.3	1.2	1.1	1.0	0.9	0.8
AUD	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
CAD	1.6	1.6	1.1	0.9	0.9	0.9	0.8	0.8	0.7	0.7
GBP	0.4	0.4	0.2	0.1	0.1	0.1	0.0	0.0	0.0	0.0
USD	1.2	1.0	0.8	0.6	0.3	0.3	0.2	0.2	0.2	0.1

Figures represent average notional balances for each half as at 30 December 2021.
CPU manages client balances in line with internal policies around counterparty credit risk, concentration of deposit risk and minimum levels of hedging.
Replacement/additional fixed rate deposits/swaps are expected to be implemented over future periods.
Balance figures reported at 31 December 2021 do not include the hedges unwound in FY20 (margin income benefitting through to FY24 of which $5.96m in FY22 (1H22 $3.00m), $5.04m in FY23 and $1.60m in FY24).

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Key sensitivities on 1H22 Margin Income (excluding CCT)

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Interest Rate and Balance Sensitivity Currency Sensitivity
USD M Interest Rates 1 USD M GBP FX rate
At actual rates -25bps Base Case +25bps At actual rates -10% Base Case +10%
-10% 43.2 56.6 70.1 -10% 51.5 53.6 55.7
Base Base
39.7 54.7 69.6 52.5 54.7 56.8
Case Case
10% 51.2 67.6 84.0 +10% 53.6 55.8 57.9
2
CAD
Exposed Balances FX Rate
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1 Assumes movements in short term floating rates impact entire non-hedged exposed balances. Note - 1H22 base case non-hedged exposed balances are $11.9bn of which a 25bps movement in floating rates equates to $14.9m for the half-year.

2 Assumes exposed yield is maintained on increased or decreased balances.

If interest rates were 25 basis points higher in 1H22, Margin Income and Management EBIT would have been $14.9m higher.
If interest rates were 25 basis points lower and exposed balances were 10% lower in 1H22, Margin Income would have been $11.5m lower at $43.2m.
If interest rates were 25 basis points higher and exposed balances were 10% higher in 1H22, Margin Income would have been $29.3m higher at $84.0m.
Sensitivities applied to legacy balances only and excludes CCT. CCT average exposed balances for 2H22 are expected to be c.$10bn.
If the CAD and GBP fx rates (relative to USD) were 10% weaker in 1H22, Margin Income would have been $3.2m lower at $51.5m.
If the CAD and GBP fx rates (relative to USD) were 10% stronger in 1H22, Margin Income would have been $3.2m higher at $57.9m.

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Debt Facilities Maturity Profile and Composition – at 31 December 2021

Maturity Profile

Debt Composition of total facility limits

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Undrawn bank
•
facilities: $519m $801m in Public Bond issuances 13%
undertaken in 1H22
31%
•
This resulted in the average
weighted maturity of our drawn
1000
debt increasing from 3.1 to 4.6 $3,216m 25%
years
900
• Diverse sources of debt now in
800 the portfolio with public and
31%
private bonds combined with
700 Bank facilities
220.0
600 64.0
500
400
386.0
455.0
300 584.3
200
350.0
220.0
100 178.3 200.0 216.8
95.0
0 26.4
FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32
SLS non-recourse advance facilities drawn Drawn Bank Debt Undrawn Bank Debt USPP Debt Capital Markets
USD M
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Note: Average debt facility maturity was 4.0 years as at 31 December 2021. Excludes undrawn SLS advance facilities. Total debt drawn – 42% fixed and 58% floating. * Total drawn debt at 31 December 2021 was $2,477.9m: 84% USD and 16% GBP. AMTN and EMTN proceeds swapped to USD debt at issuance.

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Balance Sheet

Balance Sheet
At actual rates		1H19	FY19	1H20	FY20	1H21	FY21	1H22
		Dec	Jun	Dec	Jun	Dec	Jun	Dec
Current Assets	USD M	1,407.8	1,501.1	1,468.4	1,432.0	1,491.1	1,718.7	1,946.7
Non Current Assets	USD M	3,111.2	3,183.9	3,448.7	3,557.8	3,663.6	3,533.2	4,149.5
Total Assets	USD M	4,518.9	4,685.0	4,917.1	4,989.7	5,154.7	5,251.9	6,096.2
Current Liabilities Non Current Liabilities Total Liabilities Total Equity Net debt includingnon-recourse SLS Advance debt Net debt to EBITDA ratio Net debt excludingnon-recourse SLS Advance debt Net debt to EBITDA ratio excludingnon-recourse SLS Advance debt EBITDA Interest Coverage ratio ROE1 ROIC2	USD M USD M USD M USD M USD M Times USD M Times Times % %	740.7 2,304.1 3,044.8 1,474.1 1,478.0 2.24 1,244.9 1.88 10.2 27.1% 14.9%	701.1 2,409.8 3,110.9 1,574.1 1,475.0 2.19 1,241.4 1.84 10.1 26.4% 14.8%	834.6 2,520.2 3,354.8 1,562.3 1,549.1 2.28 1,340.1 1.97 9.3 22.8% 13.5%	1,024.6 2,374.8 3,399.4 1,590.3 1,432.5 2.22 1,244.9 1.93 9.7 19.5% 12.2%	837.3 2,689.7 3,527.0 1,627.7 1,561.6 2.66 1,316.6 2.24 10.1 16.8% 10.1%	995.7 1,976.6 2,972.3 2,279.6 893.2 1.42 673.7 1.07 11.5 16.0% 10.7%	1,156.2 2,721.3 3,877.5 2,218.8 1,542.2 2.32 1,342.2 2.02 11.6 14.6% 9.6%

Effective Dec 2019 (1H20), Net debt excludes lease liabilities ($7.7m as at Jun 19).

1 Return on equity (ROE) = rolling 12 month Mgt NPAT/rolling 12 mth avg Total Equity. 2 Return on invested capital (ROIC) = (Mgt EBITDA less depreciation & amortisation less income tax expense)/(net debt + total equity).

The FY21 leverage ratio of 1.07x includes proceeds of rights issue which was deployed on the CCT acquisition in 1H22. $620.2m of gross proceeds received for rights issue. The net debt calculation in 1H22 includes $33.0m of cash classified as an “asset held for sale”.

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Cash flow summary

Cash flow summary
USD M(at actual rates)	1H19	FY19	1H20	FY20	1H21	FY21	1H22
Net operatingreceipts andpayments	268.1	585.2	312.2	688.1	238.9	543.6	277.7
Net interest and dividends	-35.1	-68.1	-33.3	-50.4	-38.2	-75.3	-38.8
Income taxespaid	-56.4	-105.5	-28.6	-43.3	-76.6	-92.9	-35.6
Net operating cash flows excluding SLS advances	176.6	411.6	250.3	594.4	124.1	375.4	203.3

Cash outlayon business capital expenditure	-33.6	-55.6	-14.0	-24.0	-8.0	-16.3	-12.3
Net cash outlayon MSRpurchases – Maintenance1	-20.4	-43.1	-29.7	-64.5	-45.1	-99.0	-54.9*

Free cash flow excluding SLS advances	122.6	312.9	206.6	505.9	71.0	260.1	136.1

SLS advance fundingrequirements2	-6.6	-27.2	-41.5	-29.3	-2.7	-27.5	-3.5

Cash flowpost SLS advance funding2	116.0	285.7	165.1	476.6	68.3	232.6	132.6

Investing cash flows
Net cash investment on MSR(purchases)/sales1	-25.3	-57.3	-109.6	-120.5	-20.8	-24.6	45.4*
Acquisitions(net of cash acquired)	-438.3	-445.2	-6.8	-159.1	-7.5	-21.8	-729.7
Disposal of Euroclear HoldingSA/NV						12.1
Disposal of Karvy	77.2	75.7
Disposal of Milestone							16.7
Other	-14.9	-17.4	4.6	4.2	12.7	2.3	0.2
Total investing cash flows	-401.3	-444.2	-111.8	-275.4	-15.6	-32.0	-712.8

Net operating and investing cash flows	-285.3	-158.5	53.3	201.2	52.7	200.6	-580.2

1 Maintenance MSR capex assumed to be equivalent to the amortisation charge for the period. FY21 reflects a change in the amortisation period for interest rate-sensitive MSRs from 9 to 8 years for US Mortgage Services.

2 Net operating and financing cash flows.

Net MSR spend of $9.5m in 1H22 (purchases of $124.3m and sales of $114.8m).

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Exchange rates

Currency	1H19	FY19	1H20	FY20	1H21	FY21	1H22
USD	1.0000	1.0000	1.0000	1.0000	1.0000	1.0000	1.0000
AUD	1.3734	1.3933	1.4623	1.4889	1.3971	1.3464	1.3622
HKD	7.8371	7.8405	7.8321	7.7999	7.7504	7.7550	7.7805
NZD	1.4893	1.4874	1.5504	1.5683	1.4975	1.4428	1.4326
INR	70.6855	70.4260	70.4405	71.9578	74.2471	73.7286	74.3249
CAD	1.3117	1.3252	1.3203	1.3391	1.3315	1.2921	1.2549
GBP	0.7707	0.7716	0.7993	0.7931	0.7711	0.7461	0.7310
EUR	0.8645	0.8746	0.8999	0.9030	0.8529	0.8397	0.8555
RAND	14.0136	14.1190	14.7507	15.5385	16.5396	15.5863	15.0063
RUB	65.1752	65.5333	64.2928	66.6767	75.2164	75.0158	72.8569
AED	3.6729	3.6729	3.6729	3.6729	3.6730	3.6730	3.6729
DKK	6.4466	6.5256	6.7192	6.7424	6.3501	6.2480	6.3617
SEK	8.9924	9.1332	9.6044	9.6389	8.8445	8.6095	8.6824
CHF	0.9870	0.9937	0.9888	0.9782	0.9174	0.9109	0.9189

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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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AI assistant

COMPUTERSHARE LIMITED. — Interim / Quarterly Report 2022

64696_rns_2022-02-07_ffd4c0be-a3fd-426e-b92d-49f4168be480.pdf

FY22 HALF YEAR RESULTS PRESENTATION

1H22 Results

Results ahead of expectations

1H22 Summary

1H22 Management EPS

Operating profit growth and cost savings continue to drive EPS improvement

Legacy 1H CPU EPS +10.6%

FY22 Outlook

Management EPS upgraded to be up around 9% from 2%

Guidance

Key assumptions

2H22 Management EPS guidance bridge

2H Management EPS expected to be up around 12% on pcp

CPU 2H EPS +11.8% vs. pcp

FY22 Management EPS guidance bridge Management EPS expected to be up around 9% on pcp

CPU FY EPS +8.7% vs. pcp

Margin Income

Full year margin income now expected to be around $152m with anticipated Q4 US rate rise

Client balances and yields

1H22 Management results summary

Improved operating result supported by positive start for CCT

Issuer Services

Registry and Governance Services continue to grow, weaker event revenue

Mgmt EBIT ex. MI

FY22 key priorities

Employee Share Plans

Equate+ platform drives market share gains and margin expansion

FY22 key priorities

Outstanding shares and options under administration

Mortgage Services

Macro environment impacts US performance, outlook improving

FY22 key priorities

Stable UPB, growth in Sub-Servicing

Business Services

Consistent Corporate Trust offset by reduced event based revenues

FY22 key priorities

Corporate Trust Canada, positive long-term trends

Computershare Corporate Trust (CCT)

Separation and integration plan underway

6-12 months

12-24 months

24+ months

1H22 Operating expense analysis Cost controls offset underlying inflation

Cost out programs – 1H22

Over $40m of gross savings in FY22, deferral of Equate+ rollout

Cash flow and leverage

Leverage ratio of 2.02x, within target range

Cashflow Waterfall

Net Debt / EBITDA[1] (x)

1 Excludes non-recourse SLS Advance debt.

Conclusions

1H FY22 Results ahead of expectations

FY22 Full year guidance upgraded

APPENDICES

1. Constant currency analysis

2. Analysis at actual fx rates

1H22 Management results – constant currency and actual rates

Revenue, Margin Income, EBITDA and EBIT – constant currency

ACTUAL FX RATE ANALYSIS

High quality core industrial drives consistent operating performance

Key Financial Indicators

Computershare Profit & Loss

Summary – Revenue and Margin Income

USD M (at actual rates)

Summary – EBITDA

USD M (at actual rates)

Summary – EBIT

USD M (at actual rates)

Issuer Services Profit & Loss

Mortgage Services & Property Rental Services Profit & Loss

Employee Share Plans & Voucher Services Profit & Loss

Business Services Profit & Loss

Communication Services & Utilities Profit & Loss

Corporate & Technology Profit & Loss

Computershare Corporate Trust

Employee Share Plans Profit & Loss

UK Mortgage Services Profit & Loss

COMPUTERSHARE LIMITED. Interim / Quarterly Report 2022