COMPUTERSHARE LIMITED. - Interim / Quarterly Report 2024

Strong Results. Reduced Complexity. Increased Returns.

FY24 Management EPS up 8.9%, slightly ahead of guidance

Growth in core fees, event and transaction revenues and margin income

Delivered on strategy to build a simpler Computershare with higher returns

Strengthening balance sheet supports growth, investment and shareholder returns

Positive Outlook, FY25 guidance Management EPS around 126cps, +7.5% - assumes lower interest rates

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Strong FY24 Results

Management EPS +8.9% vs. pcp

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Management Revenue
$3.3bn
Up 2.1%
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Management EPS [1] Margin Income (MI)
$832.1m
117.6 cps
Up 7.3%
Up 8.9%
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Return on Invested Capital (ROIC)[2] 30.2% Up 753bps

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Management EBIT ex. MI Final dividend per share (AUD)
$310.9m 42 cps [3]
Up 20.9% Up 5.0% [3]
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Notes: All figures in this presentation are presented in USD millions and in constant currency, unless otherwise stated.

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

2 Refer to slide 55 for ROIC definition; 3 Unfranked; Total dividend per share for FY24 is AUD 82 cps; Compared to FY23 final and FY24 interim dividend per share of AUD 40 cents per share (cps).

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Increased returns - FY24 Proforma (ex US MS) results vs. Group

Strategy delivered. Reduced complexity.

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Management Revenue Management EPS [1] Margin Income (MI)
$3.0bn $776.2m
117.8 cps
10.1% lower 6.7% lower
0.1% higher
Return on Invested Management EBIT ex. MI Free cash flow
Capital (ROIC)
35.3% $349.6m $677.3m
510bps higher 12.5% higher 10.6% higher
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1 FY24 Management EPS is inclusive of FY24 share buybacks.

Comparative is against slide 10: FY24 Management results summary. Proforma is defined as Group results excluding US Mortgage Services’ contribution for the full year of FY24. The Group disposed of the US Mortgage Services business on the 1[st] May 2024.

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Complexity reduced - Computershare’s integrated business model

Growth across all revenue lines

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Proforma Revenue and EBIT Margin % +8.6% Group Revenue and EBIT Margin % +2.1%
3500 vs. PCP 40.0% 3500 3,284 vs. PCP 40.0%
3,216
2,952 35.0% 35.0%
3000 2,717 3000
+2.4% 2,597 +0.5%
30.0% 30.0%
2500 2500
1,721
1,712
2,078
1,559 25.0% 25.0%
2000 1,523 2000
20.0% 1,549 20.0%
1500 1500 +0.4%
1,366 +24.1%
15.0% 15.0%
731
617 728
1000 497 1000
10.0% 10.0%
+7.3%
+11.2%
861
500 536 698 776 5.0% 500 775 832 5.0%
175 187
0 0.0% 0 0.0%
FY22 FY23 FY24 FY22 FY23 FY24
@ CC @ CC
Margin Income Event and Transactional fee revenue Margin Income Event and Transactional fee revenue
Core fee revenue EBIT Margin % Core fee revenue EBIT Margin %
USD M USD M
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Group results: FY22 includes 8 months of CCT, FY23 includes 10 months of KCC and FY24 includes 10 months of US Mortgage Services.

Revenue definitions – see slide 42 for detail

› Event based businesses include Corporate Actions, Stakeholder Relationship Management, Bankruptcy and Class Actions (KCC) – the group disposed of KCC on the 1[st] May 2023.
› Transactional revenue fees are inclusive of Registry Maintenance (holder/broker paid), Plans transactional fees, US Mortgage Servicing (servicing related fees and other fees)
› Core fee revenues are inclusive of Register Maintenance (Issuer paid), Governance Services, UK and US Mortgage Servicing (base servicing), Plans & Vouchers (excluding Plans transactional), Global Corporate Trust, CCS & Utilities and Corporate and Technology Revenue.
› Proforma is defined as Group results excluding KCC and US Mortgage Services’ contribution for FY22-24.

Numbers translated at actual fx rates with the exception of FY24 which is translated at the CC rate (ie FY23 average fx rate).

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Core businesses performance

Issuer Services and Employee Share Plans performing strongly, market recovery underway in Corporate Trust

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USD M Revenue EBIT EBIT ex MI
FY23 FY24 CC FY23 FY24 CC FY23 FY24 CC
Variance Variance Variance
Issuer 1,090.4 1,209.7 +10.9% 382.7 448.6 +17.3% 184.3 198.2 +7.5%
Services
Global 957.9 938.6 -2.0% 521.8 481.4 -7.8% 93.4 60.5 -35.3%
Corporate
Trust
Employee 346.7 440.3 +27.0% 97.2 170.3 +75.2% 68.3 119.4 +74.8%
Share Plans
Issuer Services Global Corporate Trust Employee Share Plans
40.0% 60.0% 50.0%
30.0% 35.1% 37.1% 50.0% 54.5% 51.3% 40.0%
40.0% 38.7%
30.0%
27.2%
20.0% 23.4% 20.7% 20.7% 30.0% 32.5% 20.0% 28.1% 30.7%
20.0% 23.1% 22.1% 21.5%
10.0%
10.0% 16.8% 17.6% 10.0%
11.7%
0.0% 0.0% 0.0%
FY22 FY23 FY24 @ CC FY22 FY23 FY24 @ CC FY22 FY23 FY24 @ CC
EBIT margin % EBIT ex MI margin % EBIT margin % EBIT ex MI margin % EBIT margin % EBIT ex MI margin %
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Navigating the interest rate cycle

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

Total Average Client Balances ($bn)

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70%
86.6
82.9
81.2 60%
75.9
73.6
$0.2bn 50%
47.3
44.1
53.4 40%
42.7 47.1
44.4
30%
16.5
18.1
17.7 20%
6.4
15.7 14.1 15.2
$1.2bn
10%
21.5 21.2 19.4
15.2 14.7 14.3
0%
1H22 2H22 1H23 2H23 1H24 2H24
Average Client Balances - Legacy Average Client Balances - CCT
Average MMF
Hedge Book as a % of Avg Exposed Balances
Hedge book as a % of Avg exp balances
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Total Hedged Margin Income ($m)

$1.5bn of MI locked in over next 10 years. 73% of total hedged margin income ($1.1bn) to be delivered in next 5 years. Strategy to grow hedge book and replace run-off.

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$1.5bn
39
67
102
128 142
$1.5b
273
245
210
184 170
Total Hedge MI FY25 FY26 FY27 FY28 FY29
FY25 - FY34
MI - Existing hedge book at 30 June 24 Notional replacement of run-off
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FY22 through FY24 translated at actual rates. FY25 and beyond are translated at the FY24 average FX rate.
Notional replacement of run off is for illustrative purposes only. Our strategy is to replace maturing trades with new hedges.
1H22 includes balances for 2 months for CCT. KCC ~$1b of average balances in FY23 and US Mortgage Services ~$1.5b of average balances in FY24.
Proforma 2H24 balances excluding US MS is $28.0bn. Proforma hedge book as a % of Avg exposed balances is 54.5%.
WAL (Weighted Average Life) of the hedge book – 5.16 years at 30 June 2024 compared to 4.75 years at 30 June 2023.

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Margin Income, yields and average client balances

FY25 MI guidance around $745m, assumes lower interest rates

	FY24A Avg Client Balances ($bn)	FY24A MI ($m)	FY24A Avg Weighted Yield (%)	FY25E Avg Client Balances ($bn)	FY25E MI Outlook ($m)	FY25E Avg Weighted Yield (%)
Exposed: Non-hedged	9.1	440	4.82%	7.4	321	4.37%
Exposed: Hedged	9.3	273	2.93%	10.0	312	3.10%
Exposed	18.4	713	3.88%	17.4	633	3.82%
Non-Exposed	10.8	124	1.15%	11.1	112	1.02%
Total	29.2	837	2.87%	28.5	745	2.62%

Arrows above indicate comparison of Margin Income yields against FY24 Actuals

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Yield Yield Yield Yield
3.0% 2.8% 2.7% 2.5%
40 500
35
400
30
25 300
20
15 28.7 431 29.5 406 28.5 385 28.5 360 200
10
100
5
0 0
1H24 2H24 1H25E 2H25E
Average Client Balances Margin Income (RHS)
$bn $m
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Average Client Balances Bridge ($b)
Margin Income Bridge ($m)
850
56
800 1.5 0.3
0.5
750
837 136 39 29.2
700 28.5
29
745
33
650
600
FY24 Sale of US MS Impact of rate Impact of Impact of Impact of FY25E at FY24 US MS Disposal Corporate Trust Issuer Services FY25E
Actual (10 months curve changes balances balance mix hedging activity FY24 FX Rates Avg Balances Avg Balances
in FY24)
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For sensitivity and interest rate assumptions on FY25 guidance, please refer to slide 48.

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Positive FY25 Outlook

Guidance - Management EPS around 126cps, +7.5% vs pcp

Guidance

In constant currency, for FY25 we expect:

› Management EPS to be up 7.5%, to around 126 cps[1]
› EBIT ex Margin Income to be up around 15%
› Margin Income revenue to be around $745m with average client balances of $28.5bn

Key assumptions and sensitivities

› MI sensitivity driven by quantum and mix of balances and changes in cash rates
› Equity markets broadly in line with FY24 market conditions
› Group tax rate to be between 26.0% - 27.0%
› For constant currency comparisons, FY24 average exchange rates are used to translate the FY25 earnings to USD[2]
› FY25 weighted average number of shares (WANOS) assumed to be 591,049,320 which reflects the closing share balance at 30 June 2024. Guidance does not include any share buyback purchases in FY25.

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FY25 guidance bridge ~
2.4
8.6
13.7
8.8
2.5
126.0
117.3
3
FY24 EPS Buyback Organic business Margin Interest Tax FY25 EPS
accretion on growth and Income Expense at 30 June 24
FY24 purchases cost out closing shares
US cps
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1 For comparative purposes, FY24 Management EPS is 117.3 cents per share in FY24 constant currency. 2 Refer to slide 57 for constant currency conversion rates 3 FY24 EPS assumes a WANOS of 598,649,609.

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FY24 Management results summary

21% growth in EBIT ex MI and higher MI drive margin expansion, +270 bps

Total revenue ex Margin Income Margin Income	FY24 Actual (at CC)	FY24 Actual
	$2,452.1 $2,440.5 +0.5% $832.1 $775.4 +7.3%	$2,472.9 $836.6
Total revenue	$3,284.2 $3,215.9 +2.1%	$3,309.5
Operatingcosts	$2,003.8 $1,999.9 +0.2% $0.4 $0.3 -33.3%	$2,022.7 $0.4
Share of net profit/(loss) of associates and jv
EBITDA	$1,280.8 $1,216.3 +5.3%	$1,287.3
Depreciation	$65.3 $75.9 -14.0% $72.5 $107.9 -32.8%	$65.7 $72.8
Amortisation
EBIT EBIT ex Margin Income	$1,143.0 $1,032.5 +10.7% $310.9 $257.1 +20.9%	$1,148.8 $312.1
EBIT margin (%) Interest expense	34.8% 32.1% +270bps $162.8 $133.8 +21.7%	34.7% $163.0
Profit Before Tax	$980.2 $898.7 +9.1%	$985.8
Income tax expense	$275.7 $246.7 +11.8%	$277.1
Management NPAT Management EPS (cents) - per guidance Management EPS (cents) - with buybacks	$704.2 $652.1 +8.0% 116.65 108.01 +8.0% 117.63 108.01 +8.9%	$708.4 117.33 118.33
Management ETR	28.1% 27.5% +68bps	28.1%

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The WANOS for FY24 guidance is 603,729,336. The WANOS for FY24 (inclusive of buybacks) is 598,649,609.

FY24 Management EPS bridge Revenue growth exceeds higher costs, EPS up 8.9%

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5.0
9.7
4.7
1.0
117.6
116.6
8.8
1.3 1.1
108.0
FY23 FY23 1 Core fee Event and Margin Income Cost growth Interest expense FY24 Share FY24
Management EPS KCC EPS revenue Transactional and tax Management EPS Buybacks (BB) Management EPS
Fee Revenue (including BB)
USD cps
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1 KCC disposed on 1st May 2023. *Includes 10 months contribution for US Mortgage Services in FY24.

FY24 costs analysis

Proforma costs elevated due to inflation and projects, up 8.1% excluding US Mortgage Services

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Proforma Opex +8.1%
2,000
83.1
1,999.9 2,003.8
339.8
301.4 Proforma BAU Opex +5.6%
245.5
1,500 32.1
302.9
28.7
102.7 1,418.5
1,386.4
1,312.4
Investments and Other:
1,000 • Investment required to establish
new Indian back-office
operation and exit CCT TSA
• Costs associated with Solium UK
Capital
500 • Stranded cost related to sale of
KCC
0
FY23 total Less FY23 Less FY23 Less FY23 FY23 operating Cost out Inflation FY24 BAU Investments FY24 Add FY24 Add FY24 FY24 total
operating costs KCC costs US MS costs cost of sales expenses benfits inc. 1 and cost operating and other operating US MS costs cost of sales operating costs
CCT synergies growth expenses expenses
USD M
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1 Cost out program savings of $32.7m (of which $16.7m relates to US Mortgage Services), in addition to $12.7m of CCT synergies. *Includes cost out benefit of $16.7m.

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Cash flow and debt leverage

Strengthening balance sheet supports growth, investment and shareholder returns

FY24 Cash Flow Bridge

Free cash flow $612.3m 731.1 640.1 577.8 -76.0 -42.8 -26.9 -211.1 -312.0 Net operating Capex Net MSR Proceeds Net Dividends Share Net cash flow cash flow spend* from sale of acquisitions Buyback (ex SLS US MS and disposals advances)

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Approximately
Balance Sheet capacity $2.6bn of
capacity at the
end FY24
1.40 3,000
1.20
2,500
1.00
2,000
0.80
1.33 1,500
0.60
1,000
0.40 0.85 0.85
500
0.20 0.36
0.00 0
1H23 2H23 1H24 2H24
Leverage ratio Balance sheet
capacity
$m
Net Debt / EBITDA (x)
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*Cash payments for MSR purchases of $76.0m in FY24 (no sales in this period). FY24 net debt calculation of $461.4m - 100% floating rate debt (FY23: $1,029.9m). Free cash flow includes management adjusted expense.

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Strong Results. Reduced Complexity. Increased Returns.

FY25 Positive Outlook. Simpler Computershare well placed to deliver growth

Focus on high quality, resilient core businesses - momentum in Issuer Services and Employee Share Plans and market recovery in Corporate Trust

Hedging strategy offers protection in a declining rate environment

Multiple earnings drivers in FY25, business growth, lower interest costs and new cost out program

Strengthening balance sheet supports growth, investments and returns to shareholders

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Appendices

1. Constant currency analysis

Management results
Revenue, Margin Income, EBITDA and EBIT by Business Segment
Proforma Income Statement (ex US Mortgage Services and KCC)
EPS bridge
Issuer Services result highlights
Global Corporate Trust result highlights
Employee Share Plans result highlights

2. Analysis at actual fx rates

Key Financial Indicators
Computershare Profit and Loss
Statutory results and management adjustments
Business Segment Profit and Loss
Employee Share Plans Profit and Loss
Computershare Corporate Trust Profit and Loss
UK and US Mortgage Services Profit and Loss, including UPB and number of loans
US Mortgage Services - Invested capital
Revenue definitions
Revenue by Country (USD and Local Currency)
Revenue, EBITDA and EBIT by Region
Revenue excluding acquisitions and disposals
Cost out programs
Other expenditure
Key Sensitivities, Client balances and Margin Income
Profile of our swap and fixed rate deposit book and floating rate deposits
Debt Facilities Maturity Profile
Balance Sheet
Cash Flow
Exchange Rates

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Segment changes

From 1 July 2023, the following changes were made to the operating segments, which reflect the manner in which the Group is internally-managed and the financial information is reported to the chief operating decision-maker:

The legacy ‘Corporate Trust’ business has been consolidated into the ‘Global Corporate Trust’ segment (previously included within ‘Business Services”).
Operations has been moved from ‘Issuer Services’ into ‘Technology’, and this segment has been renamed to ‘Technology Services & Operations’.
The provision of the KCC Business transitional services agreement has moved into ‘Technology Services & Operations’ (previously included within “Business Services”).

The comparative disclosures have been adjusted to align with this new reporting structure.

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FY24 Management results – constant currency and actual rates

USD M	At CC	At Actual fx
Total Revenue ex MI	2,452.1	2,472.9
Margin Income	832.1	836.6
Total Management Revenue	3,284.2	3,309.5
Operating expenditure	2,003.8	2,022.7
Share of net profit/(loss) of associates and jv	0.4	0.4
Management EBITDA	1,280.8	1,287.3
Depreciation	65.3	65.7
Amortisation	72.5	72.8
Depreciation & Amortisation	137.8	138.5
Management EBIT	1,143.0	1,148.8
Management EBIT ex MI	310.9	312.1
Management EBIT Margin	35%	35%
Management EBIT ex MI Margin	9%	9%
Interest Expense	162.8	163.0
Management PBT	980.2	985.8
Management ITE	275.7	277.1
OEI	0.3	0.3
Management NPAT	704.2	708.4
Management EPS (cps) - per guidance	116.65	117.33
Management EPS (cps) - with buybacks	117.63	118.33

	Revenue	Revenue	Margin Income	Margin Income
	At CC At Actual fx		At CC At Actual fx
Issuer Services	1,209.7	1,211.3	250.4	250.4
Global Corporate Trust	938.6	936.3	420.9	419.9
Employee Share Plans & Voucher Services	440.9	458.5	51.0	53.5
Mortgage Services & PropertyRental Services	490.6	499.7	109.7	112.8
Communication Services & Utilities	185.9	185.0	0.0	0.0
Business Services	0.0	0.0	0.0	0.0
TechnologyServices & Operations	18.5	18.7	0.0	0.0
Total	3,284.2	3,309.5	832.1	836.6

	EBITDA		EBIT
	At CC At Actual fx		At CC At Actual fx
Issuer Services	451.4	450.2	448.6	447.2
Global Corporate Trust	496.6	494.5	481.4	479.4
Employee Share Plans & Voucher Services	178.4	188.7	173.3	183.2
Mortgage Services & PropertyRental Services	120.9	122.8	51.6	53.5
Communication Services & Utilities	27.0	26.8	22.9	22.6
Business Services	0.0	0.0	0.0	0.0
TechnologyServices & Operations	6.6	4.3	-34.7	-37.3
Total	1,280.8	1,287.3	1,143.0	1,148.8

CC = Constant Currency. FY24 numbers have been translated to USD at FY23 average fx rates.

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Revenue, Margin Income, EBITDA and EBIT – constant currency

Revenue	FY23	FY24	FY24 vs 23
Issuer Services	1,090.4	1,209.7	10.9%
Global Corporate Trust	957.9	938.6	-2.0%
Employee Share Plans & Voucher Services	351.7	440.9	25.4%
Mortgage Services & PropertyRental Services	548.8	490.6	-10.6%
Communication Services & Utilities	166.9	185.9	11.4%
Business Services	95.0	0.0	-100.0%
TechnologyServices & Operations Total Revenue	5.3 3,215.9	18.5 3,284.2	250.9% 2.1%
Margin Income Issuer Services	FY23 198.4	FY24 250.4	FY24 vs 23 26.2%
Global Corporate Trust	428.3	420.9	-1.7%
Employee Share Plans & Voucher Services	29.0	51.0	75.8%
Mortgage Services & PropertyRental Services	94.9	109.7	15.7%
Communication Services & Utilities Business Services TechnologyServices & Operations Total Margin Income EBITDA Issuer Services	0.0 24.8 0.0 775.4 FY23 385.3	0.0 0.0 0.0 832.1 FY24 451.4	0.0% -100.0% 0.0% 7.3% FY24 vs 23 17.2%
Global Corporate Trust	532.4	496.6	-6.7%
Employee Share Plans & Voucher Services	107.4	178.4	66.0%
Mortgage Services & PropertyRental Services	129.4	120.9	-6.6%
Communication Services & Utilities	24.8	27.0	8.8%
Business Services	11.8	0.0	-100.0%
TechnologyServices & Operations Total EBITDA	25.2 1,216.3	6.6 1,280.8	-73.6% 5.3%
EBIT	FY23	FY24	FY24 vs 23
Issuer Services	382.7	448.6	17.2%
Global Corporate Trust	521.8	481.4	-7.7%
Employee Share Plans & Voucher Services	102.5	173.3	69.1%
Mortgage Services & PropertyRental Services	23.9	51.6	115.8%
Communication Services & Utilities	20.4	22.9	12.1%
Business Services	10.7	0.0	-100.0%
TechnologyServices & Operations	-29.5	-34.7	17.8%
Total EBIT	1,032.5	1,143.0	10.7%

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ANZ
6%
Asia
4%
Canada
7%
UCIA
18%
Revenue
$3,284.2m
CEU
USA
3%
62%
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ANZ Asia
1% 2%
Canada
7%
EBITDA UCIA
$1,280.8m 43%
USA
46%
CEU
1%
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18 FY24 numbers have been translated to USD at FY23 average fx rates.

Proforma Income Statement (ex US Mortgage Services and KCC)

Revenue ex MI (USD M)

Total revenue ex Margin Income Margin Income	FY24 Actual (at FY23 CC)	FY24 Actual
	$2,176.1 $2,019.3 +7.8% $776.2 $698.0 +11.2%	$2,196.9 $780.7
Total revenue	$2,952.3 $2,717.3 +8.6%	$2,977.6
Operatingcosts	$1,758.3 $1,615.3 +8.9% $0.4 $0.3 -33.3%	$1,777.2 $0.4
Share of net profit/(loss) of associates and jv
EBITDA	$1,194.4 $1,102.4 +8.3%	$1,200.9
Depreciation	$65.1 $72.7 -10.5% $3.5 $4.1 -14.6%	$65.5 $3.8
Amortisation
EBIT EBIT ex Margin Income	$1,125.8 $1,025.5 +9.8% $349.6 $327.4 +6.8%	$1,131.6 38.0%
EBIT margin (%) Interest expense	38.1% 37.7% +39bps $144.6 $114.9 +25.8%	29.5% $144.8
Profit Before Tax	$981.2 $910.6 +7.8%	$986.8
Income tax expense	$276.0 $250.0 +10.4%	$277.4
Management NPAT Management EPS (cents) - per guidance Management EPS (cents) - with buybacks	$704.9 $660.7 +6.7% 116.77 109.44 +6.7% 117.75 109.44 +7.6%	$709.1 117.45 118.45
Management ETR	28.1% 27.5% +67bps	28.1%

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+9.1% CAGR
FY20 FY21 FY22 FY23 FY24 @CC
EBIT ex MI (USD M)
2,176
2,018
1,902
1,645
1,535
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+8.7% CAGR
FY20 FY21 FY22 FY23 FY24 @CC
378
350
339
329
250
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19 Proforma is defined as Group results excluding KCC and US Mortgage Services contribution.

1H24 to 2H24 Management EPS bridge Second half earnings growth, +14.7% vs. 1H

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3.2
5.5
1.0
3.9 62.85
0.8
1.5 1.0 61.86
~
5.4
54.78
1H24 Seasonality Core fee revenue Event and Margin Income Impact of Cost out benefits Interest expense 2H24 Share 2H24
Management EPS Transactional Inflation inc. CCT synergies and tax Management EPS Buybacks (BB) Management EPS
Fee Revenue (including BB)
USD cps
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Seasonality represents revenue in the Northern Hemisphere that is typically stronger in 2H for Registry Maintenance and Stakeholder Relationship Management.

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Issuer Services

Growth across all segments

Management EBIT $448.6m Up 17.3% 37.1% Up 200bps Margin	Revenue breakdown FY24 CC FY23 Actual CC Variance
	Register Maintenance $672.8 $661.5 +1.7%
	Corporate Actions $106.4 $86.2 +23.4%
	Stakeholder Relationship Management $71.3 $53.0 +34.5%
	Governance Services $108.8 $91.3 +19.2%
	Margin Income $250.4 $198.4 +26.2%
	Total revenue $1,209.7 $1,090.4 +10.9%
	Mgmt EBITDA $451.4 $385.3 +17.2% Mgmt EBITDA margin 37.3% 35.3% Up 200bps

Issuer Services Revenue ($m)

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554.2
551.2
480.2 546.5 555.0
475.0
405.1
340.7
355.3
341.0 408.6 376.1
112.4 78.7 44.2 48.4 198.4 250.4
FY19 FY20 FY21 FY22 FY23 FY24 @ CC
Core fee revenue Event and Transactional fee revenue Margin income
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Corporate Actions Revenue ($m)

Global managed shareholder accounts ($m)

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36.5 37.9 38.1 38.4 37.5 36.7
FY19 FY20 FY21 FY22 FY23 FY24
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120.0
97.1 96.0
100.0
83.0 79.5 81.2 76.3
80.0
60.0 54.4
40.0
19.2
20.0 10.7 14.0 10.0 10.4
0.0
FY19 FY20 FY21 FY22 FY23 FY24 @ CC
Corp. Actions ex HK Corp. Actions HK
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+10.9% vs. PCP +0.5% +18.9% +26.2%

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Global Corporate Trust

Low debt issuance impacts results, recovery underway

Management EBIT

$166.2m Up 42.4% Down 7.8% $481.4m Margin Margin 31.5% Up 630bps 51.3% Down 320bps

Revenue breakdown Trust Fee and other revenue	FY24 CC $468.4	FY23 Actual $484.9	CC Variance -3.4%
MMF Fee Revenue Margin Income Total revenue	$49.2 $420.9 $938.6	$44.6 $428.3 $957.9	+10.3% -1.7% -2.0%
Mgmt EBITDA	$496.6	$532.4	-6.7%
Mgmt EBITDA margin	52.9%	55.6%	Down 270bps

REMIC trustee business exited on 30 June 2023, FY23 revenue of $28.0m.

Total revenue breakdown ($m)

CCT Cost Synergy Plan – Cumulative Benefits ($m)

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957.9 938.6
273.0 235.3
411.5
110.7 684.8 703.3
300.8
FY22 FY23 FY24 @ CC
Structured Products Conventional Debt and Agency
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100
80
72
52
50
30 29
17 16
10 7
0
8 Mths FY23 FY24 FY25 FY26 FY27
FY22
Actual Planned
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$80m of synergy benefits targeted by end of FY27. $29.7m of cumulative benefits achieved at the end of FY24.

Refer to slide 30 for definition of structured products and conventional debt and agency.

Forecast execution expenses of c. $230m to transition (Spend to date $195.3m), integrate and transform the business, incurred over the first five years of ownership.

Mandates under Management (MUM) vs. Mandates won

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• 5% improvement in mandates won
2H v. 1H; 10% increase in
12,154 Structured Products mandates won
• Structured Products total Mandates
Under Management marginally up
2H v. 1H; run-off replaced
9,070
604
376
12,122
9,368 383 548
MUM - Conv. Debt MUM - Structured Mandates Won - Mandates Won -
& Agency Products Conv. Debt & Structured Products
Agency
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1H24 2H24
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Employee Share Plans

Higher transaction volumes and growth in core fees

Management EBIT

$166.2m Up 42.4% $170.3m Up 75.2% Margin Margin 31.5%38.7% Up 106bpsUp 630bps

Revenue breakdown	FY24 CC	FY23 Actual	CC Variance
Fee	$160.9	$147.3	9.2%
Transactional	$211.1	$155.5	35.7%
Other	$17.5	$14.9	17.5%
Margin Income	$50.8	$28.9	75.8%
Total revenue	$440.3	$346.7	27.0%
Mgmt EBITDA	$175.3	$102.2	71.6%
Mgmt EBITDA margin	39.8%	29.5%	Up 1030bps

*Acquired Solium Capital UK on 1[st] December 2023. Contributed $24.9m revenue and $10.8m EBITDA in FY24.

Transactional Revenue ($m)

Core fees ($m) Assets under Administration

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211.1
159.9 159.5 155.5
128.2 128.9
+10.5%
CAGR
FY19 FY20 FY21 FY22 FY23 FY24 @ CC
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350.0 35.0
178.4
156.9 164.4 162.2 300.0 27.5 27.5 27.4 30.0
149.9 25.7
145.1
250.0 21.9 25.0
20.6
200.0 227.5 225.7 233.8 20.0
207.7
+4.2% 150.0 15.0
CAGR 159.2
143.3
100.0 10.0
50.0 5.0
0.0 0.0
FY19 FY20 FY21 FY22 FY23 FY24 @ CC FY19 FY20 FY21 FY22 FY23 FY24
AuA ($bn) Units (bn)
AuA ($bn)
Chares / Options / Units (bn)
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ACTUAL FX RATE ANALYSIS

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Key Financial Indicators

	1H20 2H20 1H21 2H21 1H22 2H22 1H23 2H23 1H24 2H24	1H20 2H20 1H21 2H21 1H22 2H22 1H23 2H23 1H24 2H24	1H20 2H20 1H21 2H21 1H22 2H22 1H23 2H23 1H24 2H24	1H20 2H20 1H21 2H21 1H22 2H22 1H23 2H23 1H24 2H24	1H20 2H20 1H21 2H21 1H22 2H22 1H23 2H23 1H24 2H24	1H20 2H20 1H21 2H21 1H22 2H22 1H23 2H23 1H24 2H24	1H20 2H20 1H21 2H21 1H22 2H22 1H23 2H23 1H24 2H24	1H20 2H20 1H21 2H21 1H22 2H22 1H23 2H23 1H24 2H24	1H20 2H20 1H21 2H21 1H22 2H22 1H23 2H23 1H24 2H24	1H20 2H20 1H21 2H21 1H22 2H22 1H23 2H23 1H24 2H24
Total Management Revenue Operating expenditure	1,124.3 1,156.9 1,102.5 1,220.3 1,171.5 1,425.8 1,510.6 1,705.3 1,611.7 1,697.8 787.8 847.3 825.1 869.9 857.4 1,020.3 970.5 1,029.4 990.1 1,032.6
Management EBITDA	336.6	309.7	277.7	350.5	314.4	405.9	540.3	676.1	621.7	665.6
Management EBIT	265.9	232.2	190.8	255.3	221.4	309.6	440.7	591.8	546.0	602.7
Management EBIT ex Margin Income	149.9	148.8	135.2	203.8	159.3	184.7	96.5	160.6	115.2	196.9
EBIT Margin % EBIT ex MI Margin % Management Profit Before Tax	23.6% 20.1% 17.3% 20.9% 18.9% 21.7% 29.2% 34.7% 33.9% 35.5% 14.9% 13.9% 12.9% 17.4% 14.4% 14.2% 8.3% 12.6% 9.8% 15.2% 229.7 202.0 163.1 228.0 194.2 276.8 387.0 511.7 460.7 525.1
Management NPAT	157.0	146.9	117.9	165.9	139.5	210.4	268.9	383.1	331.1	377.2
Management EPS (US cps)	28.96	26.61	21.58	29.13	23.10	34.85	44.55	63.46	54.97	63.36
Management EPS (AU cps)	42.35	40.39	30.44	37.83	31.47	48.24	66.35	94.27	83.70	96.62
Statutory NPAT	124.7	108.0	72.6	116.4	92.1	135.6	177.1	267.7	105.2	247.41
Statutory EPS (US cps)	23.00	19.55	13.28	20.49	15.25	22.46	29.33	44.34	17.47	41.43
Revenue split - Recurring Revenue split - Non Recurring	78% 77% 76% 76% 79% 82% 83% 85% 85% 86% 22% 23% 24% 24% 21% 18% 17% 15% 15% 14%
Weighted average number of shares1	541,956,213 546,780,636 546,234,027 559,519,258 603,729,336 603,729,336 603,729,336 603,729,336 602,390,548 594,908,670
Net operating cash flows excluding SLS advances Operating cash to EBITDA conversion ratio Days Sales Outstanding Dividend(AU cents) Franking(%) Dividend payout ratio ROE2 ROIC2 Net debt to EBITDA3	250.3 344.1 124.1 251.3 203.3 235.1 247.5 376.2 369.9 361.2 0.7 1.1 0.4 0.7 0.6 0.6 0.5 0.6 0.6 0.5 61 58 57 53 50 51 53 39 45 45 23 23 23 23 24 30 30 40 40 42 30% 30% 100% 60% 40% 0% 0% 0% 20% 0% 54% 58% 76% 59% 76% 62% 45% 42% 48% 43% 23.0% 19.2% 16.6% 14.7% 15.9% 15.6% 22.3% 30.1% 34.1% 34.7% 13.8% 12.2% 10.2% 10.9% 10.4% 12.2% 15.5% 22.7% 25.3% 30.2% 1.97 1.93 2.24 1.07 2.02 1.64 1.33 0.85 0.85 0.36

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

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

Notable acquisitions: Equatex Group Holding AG (9th Nov 18), LenderLive Financial Services, LLC (31st Dec 18), Corporate Creations (28th Feb 20), Verbatim LLC (1st Jul 20), Wells Fargo Corporate Trust Services (1st Nov 21), SunDoc Filings (1st Jun 23), Solium Capital UK (1st Dec 23).

Notable divestments: Karvy – 50% interest (17th Nov 18), Milestone – 20% interest (1st Oct 21), Private Capital Solutions client accounts in Canada (31st Dec 21), Bankruptcy and Class Actions business (1st May 23), CMC Funding (3rd May 23), US Mortgage Services business (1st May 24).

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Computershare Profit & Loss

At Actual fx rates		CPU	including CCT				CPU including CCPU	including CCT
USD M(at actual rates)	1H22	2H22	1H23	2H23	1H24	2H24	FY22	FY23	FY24
Total Revenue ex MI	1,109.4	1,300.9	1,166.5	1,274.0	1,180.9	1,292.0	2,410.3	2,440.5	2,472.9
Margin Income	62.1	125.0	344.1	431.3	430.8	405.8	187.1	775.4	836.6
Total Management Revenue	1,171.5	1,425.8	1,510.6	1,705.3	1,611.7	1,697.8	2,597.4	3,215.9	3,309.5
Operating expenditure	857.4	1,020.3	970.5	1,029.4	990.1	1,032.6	1,877.7	1,999.9	2,022.7
Share of net profit/(loss) of associates and jv	0.2	0.3	0.1	0.2	0.1	0.4	0.5	0.3	0.4
Management EBITDA	314.4	405.9	540.3	676.1	621.7	665.6	720.2	1,216.3	1,287.3
Depreciation	34.3	36.7	35.8	40.1	32.9	32.8	71.0	75.9	65.7
Amortisation	58.6	59.5	63.8	44.1	42.8	30.0	118.1	107.9	72.8
Depreciation & Amortisation	92.9	96.2	99.6	84.2	75.7	62.9	189.1	183.8	138.5
Management EBIT	221.4	309.6	440.7	591.8	546.0	602.7	531.1	1,032.5	1,148.8
Management EBIT ex MI	159.3	184.7	96.5	160.6	115.2	196.9	344.0	257.1	312.1
Management EBIT Margin	18.9%	21.7%	29.2%	34.7%	33.9%	35.5%	20.4%	32.1%	34.7%
Management EBIT ex MI Margin	14.4%	14.2%	8.3%	12.6%	9.8%	15.2%	13.2%	8.0%	9.4%
Interest Expense	27.2	32.8	53.7	80.2	85.4	77.6	60.0	133.8	163.0
Management PBT	194.2	276.8	387.0	511.7	460.7	525.1	471.0	898.7	985.8
Management ITE	54.7	66.4	117.8	128.9	129.4	147.7	121.1	246.7	277.1
OEI	-0.1	0.0	0.3	-0.3	0.2	0.1	-0.1	0.0	0.3
Management NPAT	139.5	210.4	268.9	383.1	331.1	377.2	349.9	652.1	708.4
Management Adjustments (after tax)1
Amortisation	-20.4	-43.0	-35.1	-35.6	-34.5	-36.0	-63.4	-70.7	-70.5
Acquisitions and Disposals	-20.4	-24.7	-30.0	-55.6	-60.2	-178.3	-45.1	-85.6	-238.5
Other	-6.6	-7.1	-26.8	-24.3	-131.2	84.4	-13.7	-51.1	-46.8
Total Management Adjustments	-47.4	-74.8	-91.9	-115.5	-225.9	-129.8	-122.2	-207.3	-355.7
Statutory NPAT	92.1	135.6	177.1	267.7	105.2	247.4	227.7	444.7	352.6
Management EPS (cps)	23.10	34.85	44.55	63.46	54.85	63.48	57.95	108.01	118.33
Statutory EPS (cps)	15.25	22.46	29.33	44.34	17.43	41.48	37.71	73.67	58.90
Mgt ETR	28.2%	24.0%	30.4%	25.2%	28.1%	28.1%	25.7%	27.4%	28.1%
Stat ETR	29.9%	23.8%	32.6%	24.6%	37.8%	24.2%	26.4%	28.0%	28.9%

1 Refer to slide 28 for detail on management adjustments.

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Statutory results

USD M (at actual rates)

Statutory results	FY23	FY24	FY24 v 23
Total revenue	3,200.8	3,297.8	3.0%
Other income	21.7	12.6	-41.9%
Total Revenue	3,222.5	3,310.4	2.7%
Total Expenses	2,605.1	2,814.8	-8.0%
Statutory Net Profit (post NCI)	444.7	352.6	-20.7%
Earnings per share (post NCI)	73.67	58.90	-20.0%

Reconciliation of Statutory NPAT to Management Results	FY24
Net profit after tax per statutory results	352.6
Management Adjustments (after tax)
Amortisation	70.5
Acquisitions and Disposals	238.5
Other	46.8
Total Management Adjustments	355.7
Net profit after tax per management results	708.4
Management Earnings per share (cps)*	118.33
*EPS in FY24 is inclusive of buyback

› 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)	1H22	FY22	1H23	FY23	1H24	FY24
Management adjustments items (net of tax)
Amortisation	20.4	63.4	35.1	70.7	34.5	70.5
$166.2m Up 42.4% Amortisation of acquisition related intangible assets Acquisitions and Disposals	20.4 20.4	63.4 45.1	35.1 30.0	70.7 85.6	34.5 60.2	70.5 238.5
31.5% Up 630bps Margin Acquisition and disposal related expenses Disposal related expenses - KCC Business Gain on the disposal of the Group's investment in Milestone Group Pty Ltd	33.4 -12.5	12.2 -12.4			3.6 2.9	3.4
Gain on the sale of Private Capital Solutions client accounts in Canada	-0.4	-1.5		-0.1
Gain on the sale of CMC Funding in USA				-1.3
Loss on sale of US Mortgage Services						129.4
Acquisition related integration expenses		46.8	31.9	89.9	53.7	85.2
Adjustment of contingent consideration receivable			-1.9	-2.9		20.5
Other	6.6	13.7	26.8	51.1	131.2	46.8
Major restructuring costs	3.7	13.1	11.8	29.3	14.7	47.1
Marked to market adjustments - derivatives	1.9	-0.5	2.7	-0.7	0.1	-0.3
Voucher Services impairment	1.1	1.1		9.9
UK Mortgage Services impairment			12.3	12.6
US Mortgage Services impairment					116.4
Total Management Adjustments	47.4	122.2	91.9	207.3	225.9	355.7

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Issuer Services Profit & Loss

USD M (at actual rates)	1H22 2H22 1H23 2H23 1H24 2H24 322.1 352.9 306.7 354.7 308.2 365.4 55.4 55.7 43.7 42.5 52.6 53.3 26.5 33.1 23.6 29.4 28.9 43.1 40.8 44.8 50.5 40.7 51.1 58.3 444.7 486.4 424.6 467.4 440.9 520.0 18.3 30.1 82.1 116.3 134.3 116.1 463.0 516.5 506.7 583.7 575.2 636.1 343.2 367.8 337.5 367.8 366.2 395.3 0.2 0.3 0.1 0.1 0.0 0.4 120.0 149.0 169.2 216.1 209.0 241.2 1.4 1.5 1.3 1.3 1.4 1.6 0.0 0.0 0.0 0.0 0.0 0.0 1.4 1.5 1.3 1.3 1.4 1.6 118.6 147.5 168.0 214.7 207.6 239.7 100.3 117.4 85.9 98.4 73.3 123.6 25.6% 28.6% 33.2% 36.8% 36.1% 37.7% 22.6% 24.1% 20.2% 21.1% 16.6% 23.8%	1H22 2H22 1H23 2H23 1H24 2H24 322.1 352.9 306.7 354.7 308.2 365.4 55.4 55.7 43.7 42.5 52.6 53.3 26.5 33.1 23.6 29.4 28.9 43.1 40.8 44.8 50.5 40.7 51.1 58.3 444.7 486.4 424.6 467.4 440.9 520.0 18.3 30.1 82.1 116.3 134.3 116.1 463.0 516.5 506.7 583.7 575.2 636.1 343.2 367.8 337.5 367.8 366.2 395.3 0.2 0.3 0.1 0.1 0.0 0.4 120.0 149.0 169.2 216.1 209.0 241.2 1.4 1.5 1.3 1.3 1.4 1.6 0.0 0.0 0.0 0.0 0.0 0.0 1.4 1.5 1.3 1.3 1.4 1.6 118.6 147.5 168.0 214.7 207.6 239.7 100.3 117.4 85.9 98.4 73.3 123.6 25.6% 28.6% 33.2% 36.8% 36.1% 37.7% 22.6% 24.1% 20.2% 21.1% 16.6% 23.8%	1H22 2H22 1H23 2H23 1H24 2H24 322.1 352.9 306.7 354.7 308.2 365.4 55.4 55.7 43.7 42.5 52.6 53.3 26.5 33.1 23.6 29.4 28.9 43.1 40.8 44.8 50.5 40.7 51.1 58.3 444.7 486.4 424.6 467.4 440.9 520.0 18.3 30.1 82.1 116.3 134.3 116.1 463.0 516.5 506.7 583.7 575.2 636.1 343.2 367.8 337.5 367.8 366.2 395.3 0.2 0.3 0.1 0.1 0.0 0.4 120.0 149.0 169.2 216.1 209.0 241.2 1.4 1.5 1.3 1.3 1.4 1.6 0.0 0.0 0.0 0.0 0.0 0.0 1.4 1.5 1.3 1.3 1.4 1.6 118.6 147.5 168.0 214.7 207.6 239.7 100.3 117.4 85.9 98.4 73.3 123.6 25.6% 28.6% 33.2% 36.8% 36.1% 37.7% 22.6% 24.1% 20.2% 21.1% 16.6% 23.8%	1H22 2H22 1H23 2H23 1H24 2H24 322.1 352.9 306.7 354.7 308.2 365.4 55.4 55.7 43.7 42.5 52.6 53.3 26.5 33.1 23.6 29.4 28.9 43.1 40.8 44.8 50.5 40.7 51.1 58.3 444.7 486.4 424.6 467.4 440.9 520.0 18.3 30.1 82.1 116.3 134.3 116.1 463.0 516.5 506.7 583.7 575.2 636.1 343.2 367.8 337.5 367.8 366.2 395.3 0.2 0.3 0.1 0.1 0.0 0.4 120.0 149.0 169.2 216.1 209.0 241.2 1.4 1.5 1.3 1.3 1.4 1.6 0.0 0.0 0.0 0.0 0.0 0.0 1.4 1.5 1.3 1.3 1.4 1.6 118.6 147.5 168.0 214.7 207.6 239.7 100.3 117.4 85.9 98.4 73.3 123.6 25.6% 28.6% 33.2% 36.8% 36.1% 37.7% 22.6% 24.1% 20.2% 21.1% 16.6% 23.8%	1H22 2H22 1H23 2H23 1H24 2H24 322.1 352.9 306.7 354.7 308.2 365.4 55.4 55.7 43.7 42.5 52.6 53.3 26.5 33.1 23.6 29.4 28.9 43.1 40.8 44.8 50.5 40.7 51.1 58.3 444.7 486.4 424.6 467.4 440.9 520.0 18.3 30.1 82.1 116.3 134.3 116.1 463.0 516.5 506.7 583.7 575.2 636.1 343.2 367.8 337.5 367.8 366.2 395.3 0.2 0.3 0.1 0.1 0.0 0.4 120.0 149.0 169.2 216.1 209.0 241.2 1.4 1.5 1.3 1.3 1.4 1.6 0.0 0.0 0.0 0.0 0.0 0.0 1.4 1.5 1.3 1.3 1.4 1.6 118.6 147.5 168.0 214.7 207.6 239.7 100.3 117.4 85.9 98.4 73.3 123.6 25.6% 28.6% 33.2% 36.8% 36.1% 37.7% 22.6% 24.1% 20.2% 21.1% 16.6% 23.8%	1H22 2H22 1H23 2H23 1H24 2H24 322.1 352.9 306.7 354.7 308.2 365.4 55.4 55.7 43.7 42.5 52.6 53.3 26.5 33.1 23.6 29.4 28.9 43.1 40.8 44.8 50.5 40.7 51.1 58.3 444.7 486.4 424.6 467.4 440.9 520.0 18.3 30.1 82.1 116.3 134.3 116.1 463.0 516.5 506.7 583.7 575.2 636.1 343.2 367.8 337.5 367.8 366.2 395.3 0.2 0.3 0.1 0.1 0.0 0.4 120.0 149.0 169.2 216.1 209.0 241.2 1.4 1.5 1.3 1.3 1.4 1.6 0.0 0.0 0.0 0.0 0.0 0.0 1.4 1.5 1.3 1.3 1.4 1.6 118.6 147.5 168.0 214.7 207.6 239.7 100.3 117.4 85.9 98.4 73.3 123.6 25.6% 28.6% 33.2% 36.8% 36.1% 37.7% 22.6% 24.1% 20.2% 21.1% 16.6% 23.8%	FY22 FY23 FY24	FY22 FY23 FY24	FY22 FY23 FY24

Register Maintenance	322.1	352.9	306.7	354.7	308.2	365.4	675.0	661.5	673.6
Corporate Actions	55.4	55.7	43.7	42.5	52.6	53.3	111.0	86.2	105.9
Stakeholder RelationshipManagement	26.5	33.1	23.6	29.4	28.9	43.1	59.6	53.0	72.0
Governance Services	40.8	44.8	50.5	40.7	51.1	58.3	85.5	91.3	109.5
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							931.1 892.0 960.9 48.4 198.4 250.4 979.5 1,090.4 1,211.3 711.1 705.3 761.4 0.5 0.2 0.4 269.0 385.3 450.2 2.9 2.6 2.9 0.0 0.0 0.0 2.9 2.6 2.9
Management EBIT							266.1 382.7 447.2
Management EBIT ex MI EBIT Margin EBIT ex MI Margin							217.7 184.3 196.9 27.2% 35.1% 36.9% 23.4% 20.7% 20.5%

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

Register Maintenance revenue breakdown

Issuerpaid	219.4	250.0	208.8	251.2	201.6	244.4	469.5	460.0	446.0
Holder/Brokerpaid	102.7	102.8	97.9	103.5	106.6	121.0	205.5	201.5	227.6
Register Maintenance MI	8.2	14.0	41.8	63.8	67.8	70.9	22.2	105.6	138.6
Total Register Maintenance	330.3	366.8	348.5	418.5	376.0	436.2	697.2	767.0	812.2

FY24 Revenue by Region

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	92.6	52.3	101.4	59.7	440.0	66.2	812.2
Corporate Actions	19.7	10.4	20.9	0.0	121.9	44.6	217.6
Stakeholder Relationship Management	2.2	4.1	8.4	7.1	50.2	0.0	72.0
Governance Services	0.7	1.3	10.7	3.2	92.1	1.4	109.5
Issuer Services	115.2	68.1	141.4	70.1	704.2	112.2	1,211.3

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Global Corporate Trust

USD M (at actual rates)	1H22 2H22 1H23 2H23 1H24 2H24 97.0 236.8 251.5 278.0 252.1 264.3 15.9 61.8 198.6 229.7 205.0 215.0 112.9 298.6 450.2 507.7 457.1 479.2 81.1 192.8 200.3 225.2 214.2 227.6 31.8 105.8 249.9 282.5 242.9 251.7 0.5 3.3 4.2 6.4 6.9 8.2 31.3 102.6 245.7 276.1 235.9 243.5 15.4 40.8 47.1 46.4 31.0 28.6 27.7% 34.3% 54.6% 54.4% 51.6% 50.8% 79.5 221.3 314.9 369.9 338.7 362.9 33.4 77.3 135.2 137.8 118.4 116.3 112.9 298.6 450.2 507.7 457.1 479.2	1H22 2H22 1H23 2H23 1H24 2H24 97.0 236.8 251.5 278.0 252.1 264.3 15.9 61.8 198.6 229.7 205.0 215.0 112.9 298.6 450.2 507.7 457.1 479.2 81.1 192.8 200.3 225.2 214.2 227.6 31.8 105.8 249.9 282.5 242.9 251.7 0.5 3.3 4.2 6.4 6.9 8.2 31.3 102.6 245.7 276.1 235.9 243.5 15.4 40.8 47.1 46.4 31.0 28.6 27.7% 34.3% 54.6% 54.4% 51.6% 50.8% 79.5 221.3 314.9 369.9 338.7 362.9 33.4 77.3 135.2 137.8 118.4 116.3 112.9 298.6 450.2 507.7 457.1 479.2	1H22 2H22 1H23 2H23 1H24 2H24 97.0 236.8 251.5 278.0 252.1 264.3 15.9 61.8 198.6 229.7 205.0 215.0 112.9 298.6 450.2 507.7 457.1 479.2 81.1 192.8 200.3 225.2 214.2 227.6 31.8 105.8 249.9 282.5 242.9 251.7 0.5 3.3 4.2 6.4 6.9 8.2 31.3 102.6 245.7 276.1 235.9 243.5 15.4 40.8 47.1 46.4 31.0 28.6 27.7% 34.3% 54.6% 54.4% 51.6% 50.8% 79.5 221.3 314.9 369.9 338.7 362.9 33.4 77.3 135.2 137.8 118.4 116.3 112.9 298.6 450.2 507.7 457.1 479.2	1H22 2H22 1H23 2H23 1H24 2H24 97.0 236.8 251.5 278.0 252.1 264.3 15.9 61.8 198.6 229.7 205.0 215.0 112.9 298.6 450.2 507.7 457.1 479.2 81.1 192.8 200.3 225.2 214.2 227.6 31.8 105.8 249.9 282.5 242.9 251.7 0.5 3.3 4.2 6.4 6.9 8.2 31.3 102.6 245.7 276.1 235.9 243.5 15.4 40.8 47.1 46.4 31.0 28.6 27.7% 34.3% 54.6% 54.4% 51.6% 50.8% 79.5 221.3 314.9 369.9 338.7 362.9 33.4 77.3 135.2 137.8 118.4 116.3 112.9 298.6 450.2 507.7 457.1 479.2	1H22 2H22 1H23 2H23 1H24 2H24 97.0 236.8 251.5 278.0 252.1 264.3 15.9 61.8 198.6 229.7 205.0 215.0 112.9 298.6 450.2 507.7 457.1 479.2 81.1 192.8 200.3 225.2 214.2 227.6 31.8 105.8 249.9 282.5 242.9 251.7 0.5 3.3 4.2 6.4 6.9 8.2 31.3 102.6 245.7 276.1 235.9 243.5 15.4 40.8 47.1 46.4 31.0 28.6 27.7% 34.3% 54.6% 54.4% 51.6% 50.8% 79.5 221.3 314.9 369.9 338.7 362.9 33.4 77.3 135.2 137.8 118.4 116.3 112.9 298.6 450.2 507.7 457.1 479.2	1H22 2H22 1H23 2H23 1H24 2H24 97.0 236.8 251.5 278.0 252.1 264.3 15.9 61.8 198.6 229.7 205.0 215.0 112.9 298.6 450.2 507.7 457.1 479.2 81.1 192.8 200.3 225.2 214.2 227.6 31.8 105.8 249.9 282.5 242.9 251.7 0.5 3.3 4.2 6.4 6.9 8.2 31.3 102.6 245.7 276.1 235.9 243.5 15.4 40.8 47.1 46.4 31.0 28.6 27.7% 34.3% 54.6% 54.4% 51.6% 50.8% 79.5 221.3 314.9 369.9 338.7 362.9 33.4 77.3 135.2 137.8 118.4 116.3 112.9 298.6 450.2 507.7 457.1 479.2	1H22 2H22 1H23 2H23 1H24 2H24 97.0 236.8 251.5 278.0 252.1 264.3 15.9 61.8 198.6 229.7 205.0 215.0 112.9 298.6 450.2 507.7 457.1 479.2 81.1 192.8 200.3 225.2 214.2 227.6 31.8 105.8 249.9 282.5 242.9 251.7 0.5 3.3 4.2 6.4 6.9 8.2 31.3 102.6 245.7 276.1 235.9 243.5 15.4 40.8 47.1 46.4 31.0 28.6 27.7% 34.3% 54.6% 54.4% 51.6% 50.8% 79.5 221.3 314.9 369.9 338.7 362.9 33.4 77.3 135.2 137.8 118.4 116.3 112.9 298.6 450.2 507.7 457.1 479.2	1H22 2H22 1H23 2H23 1H24 2H24 97.0 236.8 251.5 278.0 252.1 264.3 15.9 61.8 198.6 229.7 205.0 215.0 112.9 298.6 450.2 507.7 457.1 479.2 81.1 192.8 200.3 225.2 214.2 227.6 31.8 105.8 249.9 282.5 242.9 251.7 0.5 3.3 4.2 6.4 6.9 8.2 31.3 102.6 245.7 276.1 235.9 243.5 15.4 40.8 47.1 46.4 31.0 28.6 27.7% 34.3% 54.6% 54.4% 51.6% 50.8% 79.5 221.3 314.9 369.9 338.7 362.9 33.4 77.3 135.2 137.8 118.4 116.3 112.9 298.6 450.2 507.7 457.1 479.2	1H22 2H22 1H23 2H23 1H24 2H24 97.0 236.8 251.5 278.0 252.1 264.3 15.9 61.8 198.6 229.7 205.0 215.0 112.9 298.6 450.2 507.7 457.1 479.2 81.1 192.8 200.3 225.2 214.2 227.6 31.8 105.8 249.9 282.5 242.9 251.7 0.5 3.3 4.2 6.4 6.9 8.2 31.3 102.6 245.7 276.1 235.9 243.5 15.4 40.8 47.1 46.4 31.0 28.6 27.7% 34.3% 54.6% 54.4% 51.6% 50.8% 79.5 221.3 314.9 369.9 338.7 362.9 33.4 77.3 135.2 137.8 118.4 116.3 112.9 298.6 450.2 507.7 457.1 479.2	FY22 FY2	FY22 FY2	FY22 FY2	FY22 FY2	3 FY24	3 FY24
Total Revenue ex MI Margin Income Total Management Revenue Operating expenditure Management EBITDA Depreciation & Amortisation										333.8 529 77.7 428 411.5 957 273.9 425 137.6 532 3.8 10				.5 516.4 .3 419.9 .9 936.3 .4 441.8 .4 494.5 .6 15.1
Management EBIT										133.8 521				.8 479.4
Management EBIT ex MI EBIT Margin										56.2 93 33% 54				.4 59.5 % 51.2%
Revenue breakdown

Structured Products	79.5		221.3	314.9	369.9		338.7		362.9	300.8		6	84	.8	701.6
Conventional Debt and Agency	33.4		77.3	135.2	137.8		118.4		116.3	110.7		2	73.0
															234.7
Total Management Revenue	112.9		298.6	450.2	507.7		457.1		479.2	411.5		95	7.9		936.3
FY24 Revenue by Region
USD M(at actual rates)	ANZ Asia UCIA CEU									USA Canad			a Total
Global Corporate Trust		0.0		0.0		0.0		0.0		848.4	87.		9	936.3
Global Corporate Trustcomprises trust and agency services in connection with the administration of debt securiti and the legacy corporate trust operations in Canada and the US (previously reflected within Business Services). • Structured Products– Offers trustee and agency services supporting securitizations and lending arrangements for investment banks, and asset managers, private equity firms and government agencies which are collateralized by a variety of assets, including residential a mortgages, leveraged loans, auto and other consumer receivables.

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Canada
9%
FY24
Revenue
$936.3m
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USA
91%
Canada
9%
FY23
Revenue
$957.9m
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Global Corporate Trust comprises trust and agency services in connection with the administration of debt securities in the US and the legacy corporate trust operations in Canada and the US (previously reflected within Business Services).

Structured Products – Offers trustee and agency services supporting securitizations and lending arrangements for investment banks, hedge funds and asset managers, private equity firms and government agencies which are collateralized by a variety of assets, including residential and commercial mortgages, leveraged loans, auto and other consumer receivables.

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USA
91%
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Conventional Debt and Agency - Offers trustee and agency services on bond and debt programs created by public and private corporations and government entities. In addition, offers services in connection with various corporate escrow arrangements as well as services supporting the insurance trust market.

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Employee Share Plans & Voucher Services Profit & Loss


USD M (at actual rates)	1H22 2H22 1H23 2H23 1H24 2H24 156.6 167.3 136.3 181.4 171.2 233.3 5.6 6.4 3.1 1.8 -0.6 1.0 1.2 2.9 9.4 19.7 27.6 25.9 163.4 176.6 148.8 202.9 198.3 260.2 123.0 127.2 117.2 127.1 126.6 143.2 0.0 0.0 0.0 0.0 0.0 0.0 40.4 49.4 31.6 75.8 71.7 117.0 0.9 0.8 0.8 0.6 0.6 1.0 1.8 1.8 1.9 1.7 1.9 1.9 2.7 2.6 2.7 2.2 2.5 2.9 37.7 46.8 28.9 73.6 69.2 114.0 36.4 43.9 19.6 53.9 41.6 88.1 23.1% 26.5% 19.4% 36.3% 34.9% 43.8% 23.3% 26.2% 14.4% 29.7% 24.3% 37.8% 75.0 76.5 71.4 75.9 79.0 87.4 74.6 84.9 59.3 96.2 84.3 135.8 7.0 5.9 5.6 9.3 7.9 10.1 1.2 2.9 9.3 19.6 27.6 25.8 157.8 170.2 145.6 201.0 198.8 259.1										FY22 FY23				FY24
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											323.9 317.7 12.0 5.0 4.2 29.0 340.0 351.7 250.2 244.3 0.0 0.0 89.8 107.4 1.7 1.4 3.6 3.6 5.4 4.9				404.5 0.4 53.5 458.5 269.8 0.0 188.7 1.7 3.8 5.5

Management EBIT											84.5 102.5				183.2
Management EBIT ex MI EBIT Margin EBIT ex MI Margin											80.3 73.5 24.8% 29.1% 4 24.8% 23.1% 3				129.7 0.0% 2.1%
Employee Share Plans revenue breakdown
Fee revenue	75.0		76.5	71.4	75.9		79.0		87.4		151.5		147.3		166.5
Transactional revenue	74.6		84.9	59.3	96.2		84.3		135.8		159.5		155.5		220.0
Other revenue	7.0		5.9	5.6	9.3		7.9		10.1		12.9		14.9		18.0
Employee Share Plans MI	1.2		2.9	9.3	19.6		27.6		25.8		4.1		28.9		53.4
Employee Share Plans Revenue	157.8		170.2	145.6	201.0		198.8		259.1		328.0		346.7		457.9

FY24 Revenue by Region
USD M(at actual rates) ANZ Asia UCIA CEU USA Canada															Total
Employee Share Plans		15.8		46.2		312.1		0.8		62.9		20.1			457.9
Vouchers		0.0		0.0		0.6		0.0		0.0		0.0		0.6
Employee Share Plans & Voucher Services		15.8		46.2		312.7		0.8		62.9		20.1		458.5

FY24 Revenue by Region
USD M(at actual rates)	ANZ	Asia	UCIA	CEU	USA	Canada		Total
Employee Share Plans	15.8	46.2	312.1	0.8	62.9	20.1		457.9
Vouchers	0.0	0.0	0.6	0.0	0.0	0.0		0.6
Employee Share Plans & Voucher Services	15.8	46.2	312.7	0.8	62.9	20.1	458.5

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Canada
4%
ANZ
CEU 4% Asia
0.2% USA 10%
14%
FY24
Revenue
$458.5m
UCIA
68%
CanadaANZ
5% 4% Asia
USA 12%
CEU 17%
2.0%
FY23
Revenue
$351.7m
UCIA
60%
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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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Mortgage Services & Property Rental Services Profit & Loss


USD M (at actual rates)	1H22 2H22 1H23 2H23 1H24 2H24 271.3 267.5 226.3 227.6 219.6 167.3 23.1 25.3 39.9 55.0 63.9 48.9 294.4 292.8 266.2 282.6 283.5 216.2 223.1 224.5 214.0 205.5 210.6 166.4 0.0 0.0 0.0 0.0 0.0 0.0 71.3 68.3 52.2 77.1 73.0 49.8 1.6 0.8 1.0 1.6 -0.1 0.4 55.4 56.6 60.8 42.0 40.8 28.1 57.0 57.4 61.8 43.6 40.8 28.5 14.3 10.9 -9.6 33.5 32.2 21.3 -8.8 -14.4 -49.5 -21.4 -31.7 -27.6 4.9% 3.7% -3.6% 11.9% 11.4% 9.9% -3.3% -5.4% -21.9% -9.4% -14.4% -16.5% 94.1 89.0 91.5 98.4 98.1 63.8 26.4 31.5 23.5 24.2 23.4 21.4 92.3 89.5 61.2 52.5 45.0 24.1 1.2 2.1 22.5 30.1 35.2 20.8 214.0 212.1 198.6 205.1 201.7 130.2 58.2 57.2 49.8 52.5 52.6 57.6 0.3 0.3 0.4 0.3 0.4 0.3 21.9 23.2 17.5 24.8 28.8 28.1 22.2 23.5 17.8 25.1 29.2 28.4						FY22 FY23 F			Y24
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							538.8 453.9 3 48.4 94.9 1 587.2 548.8 4 447.7 419.5 3 0.0 0.0 139.6 129.4 1 2.4 2.6 112.0 102.8 114.4 105.4			86.9 12.8 99.7 76.9 0.0 22.8 0.3 69.0
										69.2

Management EBIT							25.2 23.9			53.5
Management EBIT ex MI EBIT Margin EBIT ex MI Margin							-23.2 -71.0 - 4.3% 4.4% 10 -4.3% -15.6% -15			59.3 .7% .3%
Mortgage Services revenue breakdown
Base ServicingFees	94.1	89.0	91.5	98.4	98.1	63.8	183.2	189.9	1	61.9
Servicingrelated fees	26.4	31.5	23.5	24.2	23.4	21.4	57.9	47.6		44.9
Other service fees	92.3	89.5	61.2	52.5	45.0	24.1	181.8	113.4		69.2
US Mortgage Services MI	1.2	2.1	22.5	30.1	35.2	20.8	3.3	52.6		55.9
US Mortgage Services Revenue	214.0	212.1	198.6	205.1	201.7	130.2	426.1	403.6	3	31.9

UK Mortgage Services Revenue	58.2	57.2	49.8	52.5	52.6	57.6	115.4	102.3	110.2

Fee revenue	0.3	0.3	0.4	0.3	0.4	0.3	0.6	0.7	0.7
UK PropertyRental Services MI	21.9	23.2	17.5	24.8	28.8	28.1	45.1	42.3	56.9
UK Property Rental Services Revenue	22.2	23.5	17.8	25.1	29.2	28.4	45.7	43.0	57.6

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UCIA
FY24 34%
Revenue
$499.7m
USA
66%
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UCIA
26%
FY23
Revenue
$548.8m
USA
74%
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Mortgage Services & Property Rental Services comprise mortgage servicing and related activities, together with tenancy deposit protection services in the UK.

Note: The US Mortgage Services business was disposed on 1[st] May 2024.

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Communication Services & Utilities Profit & Loss

Communication Services & Utilities Profit & Loss	Communication Services & Utilities Profit & Loss	Communication Services & Utilities Profit & Loss	Communication Services & Utilities Profit & Loss	Communication Services & Utilities Profit & Loss	Communication Services & Utilities Profit & Loss	Communication Services & Utilities Profit & Loss	Communication Services & Utilities Profit & Loss	Communication Services & Utilities Profit & Loss	Communication Services & Utilities Profit & Loss	Communication Services & Utilities Profit & Loss	Communication Services & Utilities Profit & Loss	Communication Services & Utilities Profit & Loss	Communication Services & Utilities Profit & Loss	Communication Services & Utilities Profit & Loss	Communication Services & Utilities Profit & Loss

USD M (at actual rates)	1H22 2H22 1H23 2H23 1H24 2H24 80.1 91.9 77.2 81.7 83.8 92.1 4.3 4.2 3.6 4.3 4.4 4.8 0.0 0.0 0.0 0.0 0.0 0.0 84.5 96.1 80.9 86.0 88.2 96.8 71.3 75.3 73.0 69.0 79.3 79.0 0.0 0.0 0.0 0.0 0.0 0.0 13.2 20.8 7.8 17.0 8.9 17.9 2.4 2.2 2.2 2.2 2.1 2.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 2.2 2.2 2.2 2.2 2.0 10.8 18.5 5.6 14.8 6.8 15.8 10.8 18.5 5.6 14.8 6.8 15.8 12.7% 19.3% 6.9% 17.2% 7.7% 16.4%									FY22 FY			23 FY24

Communication Services	80.1		91.9	77.2	81.7		83.8		92.1	172.0		15	8.9		175.8
Utilities	4.3		4.2	3.6	4.3		4.4		4.8	8.5			8.0		9.2
Margin Income Total Management Revenue Operating expenditure Share of net profit/(loss) of associates and jv Management EBITDA Depreciation Amortisation Depreciation & Amortisation										0.0 180.6 166 146.6 142 0.0 33.9 24 4.6 0.0 4.6			0.0 0.0 .9 185.0 .0 158.2 0.0 0.0 .8 26.8
													4.4 4.2 0.0 0.0
													4.4 4.2
Management EBIT										29.3 20			.4 22.6
Management EBIT ex MI EBIT Margin										29.3 20 16.2% 12.2			.4 22.6 % 12.2%

FY24 Revenue by Region
USD M(at actual rates)	ANZ Asia UCIA CEU									USA Canada			Total
Communication Services & Utilities		72.3		0.0		11.2		26.6		64.3	10.7			185.0
Communication Services and Utilities operationscomprise document composition and printing, intelligent mailin process automation, scanning and electronic delivery.

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%
ANZ
FY24 39%
USA
35% Revenue
$185.0m
UCIA
CEU 6%
14%
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Canada
6%
USA
29% FY23 ANZ
44%
Revenue
$166.9m
CEU
UCIA
15%
6%
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Business Services Profit & Loss

USD M (at actual rates)	1H22 2H22 1H23 2H23 1H24 2H24 16.3 10.5 10.0 10.9 0.0 0.0 28.9 29.6 32.4 16.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 45.2 40.1 42.4 27.8 0.0 0.0 3.6 4.9 14.1 10.6 0.0 0.0 48.8 45.0 56.6 38.4 0.0 0.0 50.9 49.6 49.5 33.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -2.1 -4.7 7.1 4.8 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.0 0.6 0.6 0.6 0.4 0.0 0.0 0.7 0.7 0.7 0.4 0.0 0.0 -2.8 -5.3 6.4 4.3 0.0 0.0 -6.4 -10.2 -7.7 -6.3 0.0 0.0 -5.8% -11.9% 11.4% 11.2% NA NA -14.2% -25.4% -18.2% -22.8% NA NA	1H22 2H22 1H23 2H23 1H24 2H24 16.3 10.5 10.0 10.9 0.0 0.0 28.9 29.6 32.4 16.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 45.2 40.1 42.4 27.8 0.0 0.0 3.6 4.9 14.1 10.6 0.0 0.0 48.8 45.0 56.6 38.4 0.0 0.0 50.9 49.6 49.5 33.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -2.1 -4.7 7.1 4.8 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.0 0.6 0.6 0.6 0.4 0.0 0.0 0.7 0.7 0.7 0.4 0.0 0.0 -2.8 -5.3 6.4 4.3 0.0 0.0 -6.4 -10.2 -7.7 -6.3 0.0 0.0 -5.8% -11.9% 11.4% 11.2% NA NA -14.2% -25.4% -18.2% -22.8% NA NA	1H22 2H22 1H23 2H23 1H24 2H24 16.3 10.5 10.0 10.9 0.0 0.0 28.9 29.6 32.4 16.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 45.2 40.1 42.4 27.8 0.0 0.0 3.6 4.9 14.1 10.6 0.0 0.0 48.8 45.0 56.6 38.4 0.0 0.0 50.9 49.6 49.5 33.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -2.1 -4.7 7.1 4.8 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.0 0.6 0.6 0.6 0.4 0.0 0.0 0.7 0.7 0.7 0.4 0.0 0.0 -2.8 -5.3 6.4 4.3 0.0 0.0 -6.4 -10.2 -7.7 -6.3 0.0 0.0 -5.8% -11.9% 11.4% 11.2% NA NA -14.2% -25.4% -18.2% -22.8% NA NA	1H22 2H22 1H23 2H23 1H24 2H24 16.3 10.5 10.0 10.9 0.0 0.0 28.9 29.6 32.4 16.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 45.2 40.1 42.4 27.8 0.0 0.0 3.6 4.9 14.1 10.6 0.0 0.0 48.8 45.0 56.6 38.4 0.0 0.0 50.9 49.6 49.5 33.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -2.1 -4.7 7.1 4.8 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.0 0.6 0.6 0.6 0.4 0.0 0.0 0.7 0.7 0.7 0.4 0.0 0.0 -2.8 -5.3 6.4 4.3 0.0 0.0 -6.4 -10.2 -7.7 -6.3 0.0 0.0 -5.8% -11.9% 11.4% 11.2% NA NA -14.2% -25.4% -18.2% -22.8% NA NA	1H22 2H22 1H23 2H23 1H24 2H24 16.3 10.5 10.0 10.9 0.0 0.0 28.9 29.6 32.4 16.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 45.2 40.1 42.4 27.8 0.0 0.0 3.6 4.9 14.1 10.6 0.0 0.0 48.8 45.0 56.6 38.4 0.0 0.0 50.9 49.6 49.5 33.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -2.1 -4.7 7.1 4.8 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.0 0.6 0.6 0.6 0.4 0.0 0.0 0.7 0.7 0.7 0.4 0.0 0.0 -2.8 -5.3 6.4 4.3 0.0 0.0 -6.4 -10.2 -7.7 -6.3 0.0 0.0 -5.8% -11.9% 11.4% 11.2% NA NA -14.2% -25.4% -18.2% -22.8% NA NA	1H22 2H22 1H23 2H23 1H24 2H24 16.3 10.5 10.0 10.9 0.0 0.0 28.9 29.6 32.4 16.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 45.2 40.1 42.4 27.8 0.0 0.0 3.6 4.9 14.1 10.6 0.0 0.0 48.8 45.0 56.6 38.4 0.0 0.0 50.9 49.6 49.5 33.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -2.1 -4.7 7.1 4.8 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.0 0.6 0.6 0.6 0.4 0.0 0.0 0.7 0.7 0.7 0.4 0.0 0.0 -2.8 -5.3 6.4 4.3 0.0 0.0 -6.4 -10.2 -7.7 -6.3 0.0 0.0 -5.8% -11.9% 11.4% 11.2% NA NA -14.2% -25.4% -18.2% -22.8% NA NA	FY22 FY23 FY24	FY22 FY23 FY24	FY22 FY23 FY24	FY22 FY23 FY24

Bankruptcy	16.3	10.5	10.0	10.9	0.0	0.0	26.8	21.0		0.0
Class Actions	28.9	29.6	32.4	16.8	0.0	0.0	58.5	49.2
									.2	0.0
Karvy	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0	.0	0.0
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							85.3 70 8.5 24 93.7 95 100.5 83 0.0 0 -6.8 11 0.2 0 1.2 1 1.4 1		.2 0.0 .8 0.0 .0 0.0 .1 0.0 .0 0.0 .8 0.0 .1 0.0 .0 0.0 .1 0.0
Management EBIT							-8.2 10		.7 0.0
Management EBIT ex MI EBIT Margin EBIT ex MI Margin							-16.6 -14		.0 0.0
							-8.7% 11.3% NA -19.5% -20.0% NA

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UCIA
Canada
4%
10%
FY23
Revenue
$95.0m
USA
86%
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Business Services comprises the provision of bankruptcy and class actions administration services which was disposed on 1[st] May 2023.

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Technology Services & Operations Profit & Loss

Technology Services & Operations Profit & Loss	Technology Services & Operations Profit & Loss	Technology Services & Operations Profit & Loss	Technology Services & Operations Profit & Loss	Technology Services & Operations Profit & Loss	Technology Services & Operations Profit & Loss	Technology Services & Operations Profit & Loss	Technology Services & Operations Profit & Loss	Technology Services & Operations Profit & Loss

USD M (at actual rates) 1H22 2H22 1H23 2H23 1H24 2H24 Total Revenue ex MI 4.6 0.2 1.3 3.9 9.5 9.3 Margin Income 0.0 0.0 0.0 0.0 0.0 0.0 Total Management Revenue 4.6 0.2 1.3 3.9 9.5 9.3 Operating expenditure -35.3 -17.0 -21.1 1.3 -6.7 21.2 Share of net profit/(loss) of associates and jv 0.0 0.0 0.0 0.1 0.1 0.0 Management EBITDA 39.9 17.2 22.4 2.8 16.3 -11.9 Depreciation 27.4 28.0 26.3 27.9 21.9 19.7 Amortisation 0.8 0.5 0.4 0.0 0.0 0.0 Depreciation & Amortisation 28.2 28.5 26.7 27.9 21.9 19.7 Management EBIT 11.6 -11.3 -4.3 -25.2 -5.6 -31.7 Management EBIT ex MI 11.6 -11.3 -4.3 -25.2 -5.6 -31.7					FY22 F		Y23 FY24
					4.8 0.0 4.8 -52.3 -1 0.0 57.1 2 55.5 1.2 56.7		5.3 18.7 0.0 0.0 5.3 18.7 9.8 14.5 0.1 0.1 5.2 4.3 54.2 41.6 0.4 0.0 54.7 41.6

					0.4 -2		9.	5 -37.3
					0.4 -29.			5 -37.3

FY24 Revenue by Region
USD M (at actual rates) ANZ Asia UCIA CEU					USA Canada			Total
Technology Services & Operations	1.9	0.0	5.3	0.0	10.7	0.8		18.7
Technology Services & Operations includes operations and shared servicefunctions including Risk, Internal People, Facilities, Global Information Security and Corporate. Computershare allocates out all corporate expenses to business lines. The residual Corporate and Technology revenues reflect some third-party technology revenues, renta interest income and other corporate related transaction income (this includes the provision of the KCC and US Mortg Services business transitional services agreement).

Technology Services & Operations includes operations and 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 (this includes the provision of the KCC and US Mortgage Services business transitional services agreement).

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Canada
Asia
4.3% ANZ 0.1%
10.1%
FY24
Revenue 28.5%UCIA
$18.7m
USA
57.1%
CEU
0.1%
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Asia
Canada ANZ 0.6%
9.2% 12.2%
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USA
23.5% FY23
Revenue
$5.3m
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UCIA
CEU 54.5%
0.1%
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Employee Share Plans Profit & Loss

$166.2m Up 42.4% 31.5% Up 630bps Margin USD M (at actual rates) 1H22 2H22 1H23 2H23 1H24 2H24 FY22 FY23 FY24 Fee revenue 75.0 76.5 71.4 75.9 79.0 87.2 151.5 147.3 166.2 Transactional revenue 74.6 84.9 59.3 96.2 84.3 135.8 159.5 155.5 220.0 Other revenue 7.0 5.9 5.6 9.3 8.0 10.3 12.9 14.9 18.3 Margin Income 1.2 2.9 9.3 19.6 27.6 25.8 4.1 28.9 53.4 Total Management Revenue 157.8 170.2 145.6 201.0 198.8 259.1 328.0 346.7 457.9 Operating expenditure 121.4 125.6 116.9 127.6 128.0 144.4 247.0 244.5 272.3 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 Management EBITDA 36.5 44.5 28.7 73.4 70.8 114.7 81.0 102.2 185.5 Management EBITDA ex MI 35.2 41.6 19.4 53.8 43.2 88.9 76.9 73.3 132.2 EBITDA Margin 23% 26% 20% 37% 36% 44% 25% 29% 41% Depreciation 0.9 0.8 0.8 0.6 0.6 1.0 1.7 1.4 1.7 Amortisation 1.8 1.8 1.9 1.7 1.9 1.9 3.6 3.6 3.8 Depreciation & Amortisation 2.7 2.6 2.7 2.2 2.5 2.9 5.3 4.9 5.5 Management EBIT 33.7 41.9 26.0 71.2 68.3 111.8 75.7 97.2 180.1 Management EBIT ex MI 32.5 39.0 16.7 51.6 40.7 86.0 71.5 68.3 126.7 EBIT Margin 21.4% 24.6% 17.9% 35.4% 34.3% 43.2% 23.1% 28.1% 39.3% EBIT ex MI Margin 20.8% 23.3% 12.3% 28.4% 23.8% 36.9% 22.1% 21.5% 31.3%	$166.2m Up 42.4% 31.5% Up 630bps Margin USD M (at actual rates) 1H22 2H22 1H23 2H23 1H24 2H24 FY22 FY23 FY24 Fee revenue 75.0 76.5 71.4 75.9 79.0 87.2 151.5 147.3 166.2 Transactional revenue 74.6 84.9 59.3 96.2 84.3 135.8 159.5 155.5 220.0 Other revenue 7.0 5.9 5.6 9.3 8.0 10.3 12.9 14.9 18.3 Margin Income 1.2 2.9 9.3 19.6 27.6 25.8 4.1 28.9 53.4 Total Management Revenue 157.8 170.2 145.6 201.0 198.8 259.1 328.0 346.7 457.9 Operating expenditure 121.4 125.6 116.9 127.6 128.0 144.4 247.0 244.5 272.3 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 Management EBITDA 36.5 44.5 28.7 73.4 70.8 114.7 81.0 102.2 185.5 Management EBITDA ex MI 35.2 41.6 19.4 53.8 43.2 88.9 76.9 73.3 132.2 EBITDA Margin 23% 26% 20% 37% 36% 44% 25% 29% 41% Depreciation 0.9 0.8 0.8 0.6 0.6 1.0 1.7 1.4 1.7 Amortisation 1.8 1.8 1.9 1.7 1.9 1.9 3.6 3.6 3.8 Depreciation & Amortisation 2.7 2.6 2.7 2.2 2.5 2.9 5.3 4.9 5.5 Management EBIT 33.7 41.9 26.0 71.2 68.3 111.8 75.7 97.2 180.1 Management EBIT ex MI 32.5 39.0 16.7 51.6 40.7 86.0 71.5 68.3 126.7 EBIT Margin 21.4% 24.6% 17.9% 35.4% 34.3% 43.2% 23.1% 28.1% 39.3% EBIT ex MI Margin 20.8% 23.3% 12.3% 28.4% 23.8% 36.9% 22.1% 21.5% 31.3%	$166.2m Up 42.4% 31.5% Up 630bps Margin USD M (at actual rates) 1H22 2H22 1H23 2H23 1H24 2H24 FY22 FY23 FY24 Fee revenue 75.0 76.5 71.4 75.9 79.0 87.2 151.5 147.3 166.2 Transactional revenue 74.6 84.9 59.3 96.2 84.3 135.8 159.5 155.5 220.0 Other revenue 7.0 5.9 5.6 9.3 8.0 10.3 12.9 14.9 18.3 Margin Income 1.2 2.9 9.3 19.6 27.6 25.8 4.1 28.9 53.4 Total Management Revenue 157.8 170.2 145.6 201.0 198.8 259.1 328.0 346.7 457.9 Operating expenditure 121.4 125.6 116.9 127.6 128.0 144.4 247.0 244.5 272.3 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 Management EBITDA 36.5 44.5 28.7 73.4 70.8 114.7 81.0 102.2 185.5 Management EBITDA ex MI 35.2 41.6 19.4 53.8 43.2 88.9 76.9 73.3 132.2 EBITDA Margin 23% 26% 20% 37% 36% 44% 25% 29% 41% Depreciation 0.9 0.8 0.8 0.6 0.6 1.0 1.7 1.4 1.7 Amortisation 1.8 1.8 1.9 1.7 1.9 1.9 3.6 3.6 3.8 Depreciation & Amortisation 2.7 2.6 2.7 2.2 2.5 2.9 5.3 4.9 5.5 Management EBIT 33.7 41.9 26.0 71.2 68.3 111.8 75.7 97.2 180.1 Management EBIT ex MI 32.5 39.0 16.7 51.6 40.7 86.0 71.5 68.3 126.7 EBIT Margin 21.4% 24.6% 17.9% 35.4% 34.3% 43.2% 23.1% 28.1% 39.3% EBIT ex MI Margin 20.8% 23.3% 12.3% 28.4% 23.8% 36.9% 22.1% 21.5% 31.3%
	0.0 81.0 76.9 25% 1.7 3.6 5.3	0.0 0.0 102.2 185.5 73.3 132.2 29% 41% 1.4 1.7 3.6 3.8 4.9 5.5 97.2 180.1 68.3 126.7 28.1% 39.3% 21.5% 31.3%
	75.7
	71.5 23.1% 22.1%

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Computershare Corporate Trust

USD M (at actual rates) 1H22 2H22 1H23 2H23 1H24 2H24 Total Revenue ex MI 69.3 211.2 226.0 249.5 225.7 233.7 Margin Income 7.5 48.0 163.4 208.9 180.9 191.8 Total Management Revenue 76.7 259.2 389.4 458.5 406.5 425.4 Operating expenditure 67.2 178.9 185.9 209.8 198.7 211.7 Management EBITDA 9.5 80.3 203.5 248.7 207.8 213.8 Depreciation & Amortisation 0.4 3.2 4.2 6.4 6.9 8.2 Management EBIT 9.1 77.1 199.3 242.3 200.9 205.6 Management EBIT ex MI 1.6 29.0 35.9 33.4 20.1 13.9 EBIT Margin 11.9% 29.7% 51.2% 52.9% 49.4% 48.3% Revenue breakdown Structured Products 65.7 207.9 294.1 347.4 313.9 338.1 Conventional Debt and Agency 11.0 51.4 95.3 111.1 92.6 87.4 Total Management Revenue 76.7 259.2 389.4 458.5 406.5 425.4	USD M (at actual rates) 1H22 2H22 1H23 2H23 1H24 2H24 Total Revenue ex MI 69.3 211.2 226.0 249.5 225.7 233.7 Margin Income 7.5 48.0 163.4 208.9 180.9 191.8 Total Management Revenue 76.7 259.2 389.4 458.5 406.5 425.4 Operating expenditure 67.2 178.9 185.9 209.8 198.7 211.7 Management EBITDA 9.5 80.3 203.5 248.7 207.8 213.8 Depreciation & Amortisation 0.4 3.2 4.2 6.4 6.9 8.2 Management EBIT 9.1 77.1 199.3 242.3 200.9 205.6 Management EBIT ex MI 1.6 29.0 35.9 33.4 20.1 13.9 EBIT Margin 11.9% 29.7% 51.2% 52.9% 49.4% 48.3% Revenue breakdown Structured Products 65.7 207.9 294.1 347.4 313.9 338.1 Conventional Debt and Agency 11.0 51.4 95.3 111.1 92.6 87.4 Total Management Revenue 76.7 259.2 389.4 458.5 406.5 425.4	USD M (at actual rates) 1H22 2H22 1H23 2H23 1H24 2H24 Total Revenue ex MI 69.3 211.2 226.0 249.5 225.7 233.7 Margin Income 7.5 48.0 163.4 208.9 180.9 191.8 Total Management Revenue 76.7 259.2 389.4 458.5 406.5 425.4 Operating expenditure 67.2 178.9 185.9 209.8 198.7 211.7 Management EBITDA 9.5 80.3 203.5 248.7 207.8 213.8 Depreciation & Amortisation 0.4 3.2 4.2 6.4 6.9 8.2 Management EBIT 9.1 77.1 199.3 242.3 200.9 205.6 Management EBIT ex MI 1.6 29.0 35.9 33.4 20.1 13.9 EBIT Margin 11.9% 29.7% 51.2% 52.9% 49.4% 48.3% Revenue breakdown Structured Products 65.7 207.9 294.1 347.4 313.9 338.1 Conventional Debt and Agency 11.0 51.4 95.3 111.1 92.6 87.4 Total Management Revenue 76.7 259.2 389.4 458.5 406.5 425.4	USD M (at actual rates) 1H22 2H22 1H23 2H23 1H24 2H24 Total Revenue ex MI 69.3 211.2 226.0 249.5 225.7 233.7 Margin Income 7.5 48.0 163.4 208.9 180.9 191.8 Total Management Revenue 76.7 259.2 389.4 458.5 406.5 425.4 Operating expenditure 67.2 178.9 185.9 209.8 198.7 211.7 Management EBITDA 9.5 80.3 203.5 248.7 207.8 213.8 Depreciation & Amortisation 0.4 3.2 4.2 6.4 6.9 8.2 Management EBIT 9.1 77.1 199.3 242.3 200.9 205.6 Management EBIT ex MI 1.6 29.0 35.9 33.4 20.1 13.9 EBIT Margin 11.9% 29.7% 51.2% 52.9% 49.4% 48.3% Revenue breakdown Structured Products 65.7 207.9 294.1 347.4 313.9 338.1 Conventional Debt and Agency 11.0 51.4 95.3 111.1 92.6 87.4 Total Management Revenue 76.7 259.2 389.4 458.5 406.5 425.4	USD M (at actual rates) 1H22 2H22 1H23 2H23 1H24 2H24 Total Revenue ex MI 69.3 211.2 226.0 249.5 225.7 233.7 Margin Income 7.5 48.0 163.4 208.9 180.9 191.8 Total Management Revenue 76.7 259.2 389.4 458.5 406.5 425.4 Operating expenditure 67.2 178.9 185.9 209.8 198.7 211.7 Management EBITDA 9.5 80.3 203.5 248.7 207.8 213.8 Depreciation & Amortisation 0.4 3.2 4.2 6.4 6.9 8.2 Management EBIT 9.1 77.1 199.3 242.3 200.9 205.6 Management EBIT ex MI 1.6 29.0 35.9 33.4 20.1 13.9 EBIT Margin 11.9% 29.7% 51.2% 52.9% 49.4% 48.3% Revenue breakdown Structured Products 65.7 207.9 294.1 347.4 313.9 338.1 Conventional Debt and Agency 11.0 51.4 95.3 111.1 92.6 87.4 Total Management Revenue 76.7 259.2 389.4 458.5 406.5 425.4	USD M (at actual rates) 1H22 2H22 1H23 2H23 1H24 2H24 Total Revenue ex MI 69.3 211.2 226.0 249.5 225.7 233.7 Margin Income 7.5 48.0 163.4 208.9 180.9 191.8 Total Management Revenue 76.7 259.2 389.4 458.5 406.5 425.4 Operating expenditure 67.2 178.9 185.9 209.8 198.7 211.7 Management EBITDA 9.5 80.3 203.5 248.7 207.8 213.8 Depreciation & Amortisation 0.4 3.2 4.2 6.4 6.9 8.2 Management EBIT 9.1 77.1 199.3 242.3 200.9 205.6 Management EBIT ex MI 1.6 29.0 35.9 33.4 20.1 13.9 EBIT Margin 11.9% 29.7% 51.2% 52.9% 49.4% 48.3% Revenue breakdown Structured Products 65.7 207.9 294.1 347.4 313.9 338.1 Conventional Debt and Agency 11.0 51.4 95.3 111.1 92.6 87.4 Total Management Revenue 76.7 259.2 389.4 458.5 406.5 425.4	USD M (at actual rates) 1H22 2H22 1H23 2H23 1H24 2H24 Total Revenue ex MI 69.3 211.2 226.0 249.5 225.7 233.7 Margin Income 7.5 48.0 163.4 208.9 180.9 191.8 Total Management Revenue 76.7 259.2 389.4 458.5 406.5 425.4 Operating expenditure 67.2 178.9 185.9 209.8 198.7 211.7 Management EBITDA 9.5 80.3 203.5 248.7 207.8 213.8 Depreciation & Amortisation 0.4 3.2 4.2 6.4 6.9 8.2 Management EBIT 9.1 77.1 199.3 242.3 200.9 205.6 Management EBIT ex MI 1.6 29.0 35.9 33.4 20.1 13.9 EBIT Margin 11.9% 29.7% 51.2% 52.9% 49.4% 48.3% Revenue breakdown Structured Products 65.7 207.9 294.1 347.4 313.9 338.1 Conventional Debt and Agency 11.0 51.4 95.3 111.1 92.6 87.4 Total Management Revenue 76.7 259.2 389.4 458.5 406.5 425.4	FY22 FY23 FY24	FY22 FY23 FY24	FY22 FY23 FY24
							280.4 475.5 459.4 55.5 372.4 372.6 336.0 847.9 832.0 246.1 395.7 410.3 89.8 452.2 421.6 3.7 10.6 15.1
							86.2 441.6 406.6
							30.7 69.3 33.9 25.6% 52.1% 48.9%

Structured Products	65.7	207.9	294.1	347.4	313.9	338.1	273.6	641.5	652.0
Conventional Debt and Agency	11.0	51.4	95.3	111.1	92.6	87.4	62.4	206.4	179.9
Total Management Revenue	76.7	259.2	389.4	458.5	406.5	425.4	336.0	847.9	832.0

Structured Products – Offers trustee and agency services supporting securitizations and lending arrangements for investment banks, hedge funds and asset managers, private equity firms and government agencies which are collateralized by a variety of assets, including residential and commercial mortgages, leveraged loans, auto and other consumer receivables.
Conventional Debt and Agency - Offers trustee and agency services on bond and debt programs created by public and private corporations and government entities. In addition, offers services in connection with various corporate escrow arrangements as well as services supporting the insurance trust market.

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UK Mortgage Services Profit & Loss

USD M (at actual rates)	1H22	2H22	1H23	2H23	1H24	2H24	FY22	FY23	FY24
Fee revenue	58.2	57.2	49.8	52.5	52.6	57.6	115.4	102.3	110.2
Margin Income	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Management Revenue	58.2	57.2	49.8	52.5	52.6	57.6	115.4	102.3	110.2
Operating expenditure	53.0	54.6	45.5	49.8	49.9	51.2	107.6	95.4	101.0
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
Management EBITDA	5.2	2.6	4.2	2.7	2.8	6.4	7.8	6.9	9.2
EBITDA Margin	9%	5%	8%	5%	5%	11%	7%	7%	8%
Depreciation	0.1	-0.5	-0.4	0.0	0.0	0.0	-0.4	-0.4	0.0
Amortisation	0.4	0.0	0.0	0.0	0.0	0.0	0.4	0.0	0.0
Depreciation & Amortisation	0.5	-0.5	-0.4	0.0	0.0	0.0	0.0	-0.4	0.0
Management EBIT	4.7	3.1	4.7	2.7	2.8	6.4	7.8	7.4	9.2
EBIT Margin	8.0%	5.5%	9.4%	5.2%	5.3%	11.1%	6.8%	7.2%	8.3%

	FY22	FY22	FY22	FY22	FY23	FY23	FY23	FY24	FY24	FY24
	Performing		Non- performing	Total	Performing	Non- performing	Total	Performing	Non- performing	Total
UK	UPB £bn*	36.8	2.9	39.7	31.9	3.6	35.4	16.2	3.2	19.3
	Number of loans(k)*	248.0	22.0	270.0	201.1	26.9	227.9	148.3	23.6	171.9

Servicing performed on a contractual basis.

UK includes bureau UPB value, but excludes the number of bureau loans.

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US Mortgage Services Profit & Loss

USD M (at actual rates)	1H22	2H22	1H23	2H23	1H24	2H24	FY22	FY23	FY24
Base Servicing Fees	94.1	89.0	91.5	98.4	98.1	63.8	183.2	189.9	161.9
Servicing related fees	26.4	31.5	23.5	24.2	23.4	21.4	57.9	47.6	44.9
Other service fees	92.3	89.5	61.2	52.5	45.0	24.1	181.8	113.4	69.2
Margin Income	1.2	2.1	22.5	30.1	35.2	20.8	3.3	52.6	55.9
Total Management Revenue	214.0	212.1	198.6	204.9	201.7	130.2	426.1	403.6	331.9
Operating expenditure	163.3	162.5	156.9	144.5	144.4	101.1	325.8	301.4	245.5
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
Management EBITDA	50.7	49.6	41.7	60.4	57.3	29.1	100.3	102.1	86.4
Management EBITDA ex MI	49.5	47.5	19.2	30.3	22.2	8.3	97.0	49.5	30.5
EBITDA Margin	24%	23%	21%	29%	28%	22%	24%	25%	26%
Depreciation	1.5	1.3	1.5	1.6	-0.1	0.3	2.8	3.1	0.2
Amortisation	54.9	56.7	60.8	42.0	40.9	28.1	111.6	102.8	69.0
Depreciation & Amortisation	56.4	57.9	62.3	43.6	40.7	28.5	114.4	105.9	69.2
Management EBIT	-5.7	-8.4	-20.6	16.8	16.6	0.6	-14.1	-3.7	17.2
Management EBIT ex MI	-6.9	-10.4	-43.0	-13.3	-18.6	-20.1	-17.4	-56.3	-38.7
EBIT Margin	-2.7%	-3.9%	-10.4%	8.2%	8.2%	0.5%	-3.3%	-0.9%	5.2%
EBIT ex MI Margin	-3.3%	-5.0%	-24.4%	-7.6%	-11.2%	-18.4%	-4.1%	-16.1%	-14.0%

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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Note: The US Mortgage Services business was disposed on 1[st] May 2024.

US Mortgage Services - UPB and number of loans

	FY23	FY23	FY23	FY23	FY23	FY24*	FY24*	FY24*	FY24 v FY23	FY24 v FY23	FY24 v FY23
	UPB and number of loans Performing Non- performing Total					Performing Non- performing Total			Performing Non- performing Total
	Fully owned MSR's	UPB $bn	29.3	5.9	35.1	34.0	4.9	38.9	16.2%	-16.5%	10.7%
		Number of loans(k)	133.1	47.8	181.0	149.6	42.7	192.3	12.3%	-10.7%	6.2%
SA	Part owned MSR's	UPB$bn	7.2	11.3	18.5	6.6	10.2	16.8	-8.0%	-9.7%	-9.0%
		Number of loans (k)	44.4	67.0	111.4	41.9	61.7	103.6	-5.8%	-7.9%	-7.0%
U	Subservicing	UPB $bn	79.2	11.3	90.5	74.3	16.2	90.5	-6.2%	43.7%	0.0%
		Number of loans(k)	392.3	85.3	477.6	365.8	119.4	485.1	-6.8%	39.9%	1.6%
	Total USA	UPB$bn	115.7	28.4	144.1	114.9	31.3	146.2	-0.7%	10.1%	1.5%
		Number of loans (k)	569.8	200.2	770.0	557.2	223.8	781.0	-2.2%	11.8%	1.4%

FY24 numbers reflects data as at the end of April 2024. US Mortgage Services was disposed on 1st May 2024.

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)	1H22	FY22	1H23	FY23	1H247	FY247
	Dec	Jun	Dec	Jun	Dec	Apr
Net Loan Servicing Advances1	136.3	106.4	161.6	131.8	160.6	130.2
Net MSR intangible asset2	470.3	496.9	545.3	468.8	491.0	481.5
Investment in SPVs3	32.1	26.3	22.6	21.9	20.2	22.0
Other intangible assets4	66.3	65.3	64.4	62.0	61.2	60.5
Total invested capital	705.0	694.9	793.9	684.5	732.9	694.3

Net cash payments for MSR purchases5	9.5	73.0	102.0	70.6	56.5	76.0
MSR amortisation6	54.9	111.6	60.8	102.8	40.9	69.0

1 FY24 Annual report reference: Note 15 Borrowings on SLS non-recourse lending facility and Note 17 Loan servicing advances .

2 FY24 Annual report reference: Note 10 Intangible assets on Mortgage servicing rights and Note 26 Mortgage servicing related liabilities . 3 FY24 Annual report reference: Note 14 Financial assets and liabilities at fair value through profit or loss regarding Investment in structured entities.

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. Net cash payments for MSR purchases of $76.0m in FY24 (purchases of $76.0m and no sales) and $70.6m in FY23 (purchases of $168.2m and sales of $97.6m).

6 Amortisation for all servicing rights is calculated using the straight line method over their estimated useful lives, which for the interest-sensitive portfolio was eight years through 1H23 when it increased to nine years and nine years for the non interest-sensitive portfolio.

7 1H24 and FY24 invested capital reflects the pre impairment position.

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Revenue definitions

Classification	USD M	FY19 FY20 FY21 FY22 FY23 FY24 FY24@ CC	FY19 FY20 FY21 FY22 FY23 FY24 FY24@ CC	FY19 FY20 FY21 FY22 FY23 FY24 FY24@ CC	FY19 FY20 FY21 FY22 FY23 FY24 FY24@ CC	FY19 FY20 FY21 FY22 FY23 FY24 FY24@ CC	FY19 FY20 FY21 FY22 FY23 FY24 FY24@ CC	FY19 FY20 FY21 FY22 FY23 FY24 FY24@ CC
	Issuer Services
Core Fees	Register Maintenance - Issuer Paid	463	441	478	469	460	446	445
Transactional Fees	Register Maintenance - Holder/Broker Paid	194	184	186	206	201	228	227
Event Fees	Corporate Actions	94	99	136	111	86	106	106
Event Fees	Stakeholder RelationshipManagement	67	59	87	60	53	72	71
Core Fees	Governance Services	17	34	69	86	91	109	109
~~166~~	~~.2m~~ Up 42.4% Global Corporate Trust
Core Fees	Computershare Corporate Trust				280	476	459	459
~~Marin~~ Core Fees	Corporate Trust	52	55	56	53	54	57	58
~~g~~	Employee Share Plans & Voucher Services
~~315~~ Core Fees	Plans - Fee revenues	130	137	145	151	147	166	161
~~.~~ Transactional Fees	~~Up 630bps~~ Plans - Transactional revenues	128	129	160	160	155	220	211
Core Fees	Plans - Other revenues	15	12	12	13	15	18	18
Core Fees	Vouchers	19	14	12	12	5	-1	-1
	Mortgage Services & Property Rental Services
Core Fees	US Mortgage Services - Base	173	214	209	183	190	162	162
Transactional Fees	US Mortgage Services - service	47	47	79	58	48	45	45
Transactional Fees	US Mortgage Services - Other	111	153	158	182	113	69	69
Core Fees	UK Mortgage Services	255	197	132	115	102	110	104
Transactional Fees	PropertyRental Services	2	1	1	1	1	1	1
	Business Services
Event Fees	Bankruptcy& Class Actions	138	133	125	85	70
Core Fees	Karvy	17
	Communication Services & Utilities
Core Fees	Communication Services	169	162	161	172	159	176	176
Core Fees	Utilities	9	7	8	9	8	9	10
Core Fees	Technology Services & Operations	10	4	2	5	5	20	20
	Total Revenue excluding Margin Income	2,110	2,082	2,216	2,410	2,440	2,473	2,452
	Margin Income	246	199	107	187	775	837	832
	Total Revenue	2,357	2,281	2,323	2,597	3,216	3,310	3,284

Core Fees	Total Revenue excluding Margin Income	1,328	1,278	1,285	1,549	1,712	1,733	1,721
Transactional Fees	Total Revenue excluding Margin Income	483	514	584	605	519	562	553
Event Fees	Total Revenue excluding Margin Income	299	290	347	256	209	178	178

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FY24 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		83.6	52.3	75.2	10.5	11.7	25.8	440.0	66.2	47.0	812.2
Corporate Actions		18.4	10.4	15.8	0.0	3.1	0.0	121.9	44.6	3.4	217.6
Stakeholder RelationshipManagement		2.2	4.1	8.4	0.0	0.0	0.0	50.2	0.0	7.1	72.0
Governance Services		0.6	1.3	10.3	0.0	0.2	0.6	92.1	1.4	3.0	109.5
~~$166.2m~~ Issuer Services Global Corporate Trust	~~Up 42.4%~~ 104.8 0.0		68.1 0.0	109.7 0.0	10.5 0.0	14.9 0.0	26.4 0.0	704.2 848.4	112.2 87.9	60.4 0.0	1,211.3 936.3
~~31.5%~~ ~~Margin~~ Employee Share Plans & Voucher Services Mortgage Services & PropertyRental Services Communication Services & Utilities	~~Up 630bps~~ 15.8 0.0 72.3		46.1 0.0 0.0	176.8 167.8 11.2	0.0 0.0 0.0	0.1 0.0 0.0	0.0 0.0 26.6	62.9 331.9 64.3	20.1 0.0 10.7	136.7 0.0 0.0	458.5 499.7 185.0
Business Services		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
TechnologyServices & Operations		1.9	0.0	5.3	0.0	0.0	0.0	10.7	0.8	0.0	18.7
Total Revenue		194.7	114.2	470.9	10.5	15.1	53.0	2,022.4	231.7	197.1	3,309.5
		Australia	Hong Kong	UK & Offshore	Switzerland	South Africa	Germany	USA	Canada	Other

	Australia	Hong Kong	UK & Offshore	Switzerland	South Africa	Germany	USA	Canada	Other
	AUD	HKD	GBP	CHF	RAND	EUR	USD	CAD	USD
Register Maintenance	127.5	409.0	59.7	9.3	218.5	23.9	440.0	89.6	47.0
Corporate Actions	28.1	81.7	12.5	0.0	57.2	0.0	121.9	60.4	3.4
Stakeholder RelationshipManagement	3.3	32.0	6.7	0.0	0.1	0.0	50.2	0.0	7.1
Governance Services	1.0	9.9	8.2	0.0	3.1	0.5	92.1	1.9	3.0
Issuer Services	159.8	532.6	87.1	9.3	278.9	24.4	704.2	152.0	60.4
Global Corporate Trust	0.0	0.0	0.0	0.0	0.0	0.0	848.4	119.1	0.0
Employee Share Plans & Voucher Services	24.0	360.6	140.3	0.0	2.5	0.0	62.9	27.2	136.7
Mortgage Services & PropertyRental Services	0.0	0.0	133.2	0.0	0.0	0.0	331.9	0.0	0.0
Communication Services & Utilities	110.2	0.0	8.9	0.0	0.0	24.6	64.3	14.5	0.0
Business Services	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
TechnologyServices & Operations	2.9	0.1	4.2	0.0	0.3	0.0	10.7	1.1	0.0
Total Revenue	296.9	893.3	373.8	9.3	281.7	49.0	2,022.4	313.8	197.1

Equatex Revenue of $116.4m has been split between Switzerland $112.2m, Norway $3.7m and UK $0.6m. This revenue is classified as UCIA consistent with prior periods. In addition, Switzerland includes revenue for Register Maintenance $10.5m.

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Revenue, EBITDA and EBIT by Region

Revenue	1H22 2H22 1H23 2H23 1H24 2H24	1H22 2H22 1H23 2H23 1H24 2H24	1H22 2H22 1H23 2H23 1H24 2H24	1H22 2H22 1H23 2H23 1H24 2H24	1H22 2H22 1H23 2H23 1H24 2H24	1H22 2H22 1H23 2H23 1H24 2H24	FY22 FY23 FY24	FY22 FY23 FY24	FY22 FY23 FY24
ANZ	116.9	103.2	109.9	96.1	107.1	98.0	220.1	206.0	205.1
Asia	61.2	55.7	57.9	61.0	57.3	57.0	116.9	118.9	114.4
UCIA	234.8	256.8	218.1	287.6	281.3	357.2	491.6	505.7	638.5
~~$1662m~~ CEU	37.5	~~424%~~ 58.1	31.0	59.6	32.6	64.9	95.7	90.6	97.5
~~.~~ USA	630.6	~~p .~~ 849.6	986.0	1,081.7	1,018.6	1,003.8	1,480.2	2,067.6	2,022.4
Margin Canada	90.5	102.3	107.7	119.4	114.8	116.8	192.8	227.1	231.7
Total Revenue	1,171.5	1,425.8	1,510.6	1,705.3	1,611.7	1,697.8	2,597.4	3,215.9	3,309.5
~~31.5%~~	~~Up 630bps~~
EBITDA	1H22 2H22 1H23 2H23 1H24 2H24						FY22 FY23 FY24
ANZ	15.7	6.8	10.1	9.1	14.0	0.8	22.4	19.2	14.8
Asia	27.9	21.0	24.0	23.4	21.6	5.3	48.9	47.3	26.9
UCIA	59.3	39.0	50.4	102.0	89.5	472.6	98.3	152.5	562.0
CEU	5.6	47.5	1.4	20.6	-0.5	15.5	53.0	22.0	15.0
USA	161.5	247.5	398.6	461.2	430.2	148.3	409.1	859.8	578.5
Canada	44.5	44.1	55.8	59.9	67.0	23.0	88.6	115.6	90.0
Total EBITDA	314.4	405.9	540.3	676.1	621.7	665.6	720.2	1,216.3	1,287.3

EBIT	1H22 2H22 1H23 2H23 1H24 2H24						FY22 FY23 FY24
ANZ	10.3	1.5	5.1	4.1	9.3	-1.3	11.9	9.2	8.0
Asia	25.9	19.4	22.4	21.8	20.1	4.1	45.3	44.2	24.2
UCIA	48.3	35.3	41.6	92.0	81.1	449.4	83.6	133.6	530.5
CEU	3.6	39.5	-0.4	18.6	-2.5	14.4	43.1	18.2	11.9
USA	90.9	171.7	317.9	397.3	371.7	116.9	262.6	715.2	488.7
Canada	42.5	42.2	54.0	58.0	66.3	19.2	84.6	112.1	85.5
Total EBIT	221.4	309.6	440.7	591.8	546.0	602.7	531.1	1,032.5	1,148.8

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Revenue excluding acquisitions and disposals

USD M (at actual rates)	1H22	2H22	1H23	2H23	1H24	2H24	FY22	FY23	FY24
Management Revenue	1,171.5	1,425.8	1,510.6	1,705.3	1,611.7	1,697.8	2,597.4	3,215.9	3,309.5
Less acquisitions*	84.2	307.2	324.8	0.0	0.0	0.0	391.5	324.8	0.0
Less disposals*	2.2	18.3	70.7	132.2	236.9	150.9	20.5	203.0	387.8
Less Margin Income	54.4	74.5	243.2	408.7	395.7	385.0	128.9	651.9	780.7
Management Revenue excluding MI,
acquisitions and disposals	1,030.7	1,025.7	872.0	1,164.4	979.2	1,161.8	2,056.5	2,036.3	2,141.0

Acquisitions: Reflects first 12 months revenue contribution and Disposals: Reflects 12 months historical revenue contribution prior to disposal. Acquisitions: Verbatim LLC (1st Jul 20), Wells Fargo Corporate Trust Services (1st Nov 21).

Disposals: Milestone – 20% interest (1st Oct 21), Private Capital Solutions client accounts (31st Dec 21), Bankruptcy and Class Actions business (1st May 23), US Mortgage Services business (1st May 24).

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Cost out programs (now inclusive of CCT synergies)

$45.4m cost out benefit achieved in FY24

$M	Benefit realisation (cumulative)
$166.2m Up 42.4% Activity Total cost savings estimates FY23A FY24A FY24 change vs. last disclosure1 FY25E FY26E Total change vs. last disclosure1
31.5% Up 630b Margin Stage 1 Total 25 - 30 Stage 2 Total 60 - 70 Stage 3 Total 40 – 80 Stage 4 Total 40 – 55 Stage 5 Total 45 - 60	ps 28.1 28.1 ► 0.0 28.1 28.1 66.2 66.2 ► 0.0 66.2 66.2 50.4 61.1 ► 0.0 66.4 73.8 23.5 43.1 ▼ 3.3 43.1 43.1 20.0 45.0	COMPLETE COMPLETE ▼2.9m COMPLETE *New disclosure*
Total estimate 210 – 295	168.2 198.5 ▼ 3.3 223.7 256.1	▲ 32.2m
Equatex synergies 40 UK Mortgage Services 85-90 CCT synergies 80	25.1 27.5 ▲ 0.8 29.8 38.6 82.8 82.8 ▼ 3.6 87.2 88.8 17.0 29.7 ▲ 0.7 52.0 72.0	▼1.4m ►0.0m ►0.0m
Total cost savings 415-505	293.1 338.5 ▼ 5.4 392.7 455.5	▲ 30.8m
Cost to achieve (post tax)2	310.3 441.0 ▲ 166.0 500 520	▲ 50.0m

› $45.4m of benefits achieved in FY24 of which $16.7m relates to US Mortgage Services. Previous disclosure assumed $6.5m of benefits in FY25, this is no longer applicable given disposal of the business on 1[st] May 2024. Accordingly, stage 4 is now complete.
› Stage 5 is a new business-wide cost-out program to remove stranded costs arising from the disposal of KCC and US Mortgage Services, an additional $45m-$60m expected by the end of FY26.
› $80m of CCT synergy benefits targeted by end of FY27 with c. $230m of forecasted expense to stand up, transition, integrate and transform the business (no change to previous disclosure)

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Notes:[1 ] Last disclosure at 1H24 and included cumulative benefits up to FY26.[2] Costs to achieve are cumulative.

Other expenditure

Other expenditure	Other expenditure	Other expenditure	Other expenditure	Other expenditure	Other expenditure	Other expenditure
USD M (at actual rates)
Operating costs 1H22 2H22 1H23 2H23 1H24 2H24							FY22 FY23		FY24
Cost of Sales	191.3	207.6	183.6	187.2	182.0	202.4	398.9	370.8	384.3

Personnel	553.8	674.2	652.9	678.3	653.2	671.5	1,228.1	1,331.1	1,324.6
Occupancy Other Direct Computer/External Technology	13.9	15.8	15.9	18.3	19.7	17.8	29.7	34.2	37.5
	51.8	66.2	66.4	92.1	78.2	78.7	118.0	158.5	156.9
	46.6	56.4	51.7	53.6	57.1	62.2	103.0	105.3	119.3
Total Controllable Costs	666.1	812.7	786.8	842.3	808.2	830.2	1,478.8	1,629.1	1,638.3
Total Operating Expenditure	857.4	1,020.3	970.5	1,029.4	990.1	1,032.6	1,877.7	1,999.9	2,022.7
Note 1: Computer/External technology includes hardware, software licenses, network and voice costs, 3rd party vendor fees and data centre costs.
Technology Costs 1H22 2H22 1H23 2H23 1H24						2H24	FY22 FY23		FY24
Development	54.3	64.1	63.0	79.2	64.5	72.4	118.4	142.2	136.9
Infrastructure	56.4	59.3	59.7	60.3	63.3	68.0	115.7	120.0	131.3
Maintenance	21.0	21.7	25.6	30.3	21.8	20.6	42.7	56.0	42.3
Admin	7.5	12.1	9.7	13.5	12.2	14.4	19.6	23.2	26.6
Total Technology Costs	139.2	157.2	158.1	183.3	161.8	175.3	296.4	341.4	337.1
Technology costs as a % of revenue	11.9%	11.0%	10.5%	10.8%	10.0%	10.3%	11.4%	10.6%	10.2%
Note 2: Technology costs include personnel, occupancy and other direct costs attributable to technology services. No internal development cost is capitalised.
Capex breakdown 1H22 2H22 1H23 2H23 1H24						2H24	FY22 FY23		FY24
Information Technology	9.1	27.2	11.3	24.9	12.0	7.1	36.3	36.3	19.1
Communication Services Facilities	0.5	2.1	0.0	1.1	0.0	4.0	2.6	1.2	4.0
Occupancy	3.1	2.4	5.5	6.6	2.4	6.1	5.5	12.1	8.5
Other	0.3	0.1	0.4	0.0	0.9	3.9	0.4	0.4	4.9
Total Capex	12.9	31.8	17.2	32.7	15.3	21.2	44.7	49.9	36.5

Technology Costs	1H22	2H22	1H23	2H23	1H24	2H24	FY22	FY23	FY24
Development	54.3	64.1	63.0	79.2	64.5	72.4	118.4	142.2	136.9
Infrastructure	56.4	59.3	59.7	60.3	63.3	68.0	115.7	120.0	131.3
Maintenance	21.0	21.7	25.6	30.3	21.8	20.6	42.7	56.0	42.3
Admin	7.5	12.1	9.7	13.5	12.2	14.4	19.6	23.2	26.6
Total Technology Costs	139.2	157.2	158.1	183.3	161.8	175.3	296.4	341.4	337.1
Technology costs as a % of revenue	11.9%	11.0%	10.5%	10.8%	10.0%	10.3%	11.4%	10.6%	10.2%
Note 2: Technology costs include personnel, occupancy and other direct costs attributable to technology services. No internal development cost								is capitalised.
Capex breakdown	1H22	2H22	1H23	2H23	1H24	2H24	FY22	FY23	FY24
Information Technology	9.1	27.2	11.3	24.9	12.0	7.1	36.3	36.3	19.1
Communication Services Facilities	0.5	2.1	0.0	1.1	0.0	4.0	2.6	1.2	4.0
Occupancy	3.1	2.4	5.5	6.6	2.4	6.1	5.5	12.1	8.5
Other	0.3	0.1	0.4	0.0	0.9	3.9	0.4	0.4	4.9
Total Capex	12.9	31.8	17.2	32.7	15.3	21.2	44.7	49.9	36.5

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Key sensitivities on FY25 Margin Income

$1bn change in exposed non-hedged balances translates to around $43.5m PBT

Earnings Sensitivity – Average Balances -$1bn Balances FY25 Guidance +$1bn Balances 701.5 745.0 788.5

Balance sensitivity assumes annual impact on non-hedged exposed balances.

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Earnings Sensitivity – Interest Rates
-25 bps FY25 Guidance +25 bps
726.5 745.0 763.5
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Interest rate sensitivity assumes annual rate impact on non-hedged exposed balances.
If balances move by $1bn (+/-) in FY25, the delta to Margin Income is around $43.5m per annum vs FY25 Estimate. This assumes the change is only on exposed, non-hedged balances.
If interest rates move by 25 bps (+/-) in FY25, the delta to Margin Income is around $18.5m per annum vs. FY25 Estimate. This assumes movements in short term floating rates impact entire non-hedged exposed balances and no impact to payout rates or other factors.

	Cash rate assumptions for FY25	Cash rate assumptions for FY25	Cash rate assumptions for FY25	guidance
	FY25 Q1	FY25 Q2	FY25 Q3	FY25 Q4	Full Year
USD	5.29%	4.95%	4.55%	4.26%	4.76%
AUD	4.39%	4.42%	4.36%	4.21%	4.34%
GBP	5.12%	4.89%	4.61%	4.38%	4.75%
CAD	4.58%	4.29%	3.97%	3.71%	4.14%
Weighted Avg	5.18%	4.85%	4.47%	4.19%	4.67%

Quarterly average of daily market implied rates. Source: Bloomberg – World Interest Rate Probability at 22nd July 2024

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FY24 Client Cash

Margin Income rises to $836.6 ($831.6m in constant currency)

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45 500
431.3 430.8
40
405.8
400
35
344.1
30
300
25
20
200
15
125.0
125.2 121.2 116.0
10
83.4 62.1 100
55.5 51.5
5
21.0 16.1 16.8 17.6 17.6 20.1 27.9 39.3 37.1 30.9 28.8 29.5
0 0
1H19 2H19 1H20 2H20 1H21 2H21 1H22 2H22 1H23 2H23 1H24 2H24
Average balances ($bn) Margin Income ($m)
USD million
USD billion
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	Total Group
	1H24 2H24 FY24
Margin Income $m	430.8 405.8 836.6
Avg balances - Total $bn	28.8 29.5 29.2
Total MI yield %	2.99% 2.75% 2.87%
MMF fee revenue $m MMF avg balances $bn MMF yield %
	23.2 26.0 49.2
	47.1 53.4 50.3
	0.10% 0.10% 0.10%

Margin Income and Balances translated at Actual fx rates. FY24 Margin Income in constant currency is $831.6m. MI 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 excluding Margin Income.

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Breakdown of average client balances

Legacy CCT Total	Legacy CCT Total	Legacy CCT Total
FY23 Actual
17.3	16.7	34.0
11.7	10.8	22.5
4.4 3.6 8.0
4.4 3.6 8.0 3.1 1.2 4.3 1.3 2.5 3.7 4.4 3.6 8.0 0.1 0.0 0.1 0.5 0.0 0.5 1.7 0.0 1.7 2.0 3.6 5.6
7.3 7.2 14.5
7.3 7.2 14.5 0.3 0.0 0.3 1.2 0.0 1.2 1.2 0.0 1.2 4.1 7.2 11.2 0.5 0.0 0.5
5.6 5.9 11.5

On 1 May 2023, the Group disposed of the Class Actions and Bankruptcy business, which was based in North America and formed part of the Business Services segment, which accounts for ~$1b of average balances in FY23.
On 1 May 2024, the Group disposed of the US Mortgage Services business, which formed part of the Mortgage Services & Property Rental Services segment, which accounts for ~$1.5b of average balances in FY24.

• 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. Average floating rate debt balances were $2.3b for 1H24, $2.3b for 2H24, $2.4b for FY24 and $2.4b for FY23.

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Breakdown of Margin Income

Legacy CCT Total	Legacy CCT Total	Legacy CCT Total
FY23 Actual
403.1	372.3	775.4
337.8	336.2	674.0
112.9 104.1 217.0
112.9 104.1 217.0 71.5 35.5 107.0 41.4 68.6 110.0
0.9 0.0 0.9 17.0 0.0 17.0 29.5 0.0 29.5 65.5 104.1 169.6
224.9 232.1 457.0
6.5 0.0 6.5 49.1 0.0 49.1 25.3 0.0 25.3 138.6 232.1 370.7 5.4 0.0 5.4
65.3	36.1	101.4

403.1 372.3 775.4
337.8 336.2 674.0
65.3 36.1 101.4

2.33% 2.23% 2.28%
2.89% 3.12% 3.00%
2.58% 2.89% 2.69%
2.85% 3.51% 3.17%
1.16% 0.61% 0.88%

2.68% 2.89% 2.78%

1 The lower adjusted yield reflects the removal of the benefit of hedges unwound in June 2020. $3.0m in 1H23, $2.04m in 2H23 and $1.59m in 1H24 and $0.01m in 2H24 and closed out in Jan 2024.

2 Balance and MI classifications were updated in FY23 for Property Rental Services and CCT to more accurately reflect the underlying nature of the client balances.

Ten months of Class Action and Bankruptcy margin income accounted for $24.8m in FY23, and ten months of US Mortgage Services margin income accounted for $71m in FY24 ($44m in 1H24 and $27m in 2H24), [excluding hedging, including hedging is $56m - $35m and $21m].

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Exposed and non-exposed average balances by business

	FY22 Balances (USDbn) Margin Income (USDm) Exp Non-Exp 3.2 0.3 22.2 3.4 3.1 26.2 6.7 3.3 48.4 6.1 6.1 55.5 1.6 2.8 22.1 7.7 8.9 77.6 1.2 0.0 4.2 0.9 0.5 8.5	FY22 Balances (USDbn) Margin Income (USDm) Exp Non-Exp 3.2 0.3 22.2 3.4 3.1 26.2 6.7 3.3 48.4 6.1 6.1 55.5 1.6 2.8 22.1 7.7 8.9 77.6 1.2 0.0 4.2 0.9 0.5 8.5	FY22 Balances (USDbn) Margin Income (USDm) Exp Non-Exp 3.2 0.3 22.2 3.4 3.1 26.2 6.7 3.3 48.4 6.1 6.1 55.5 1.6 2.8 22.1 7.7 8.9 77.6 1.2 0.0 4.2 0.9 0.5 8.5	FY23 Balances (USDbn) Margin Income (USDm) Exp Non-Exp 3.3 0.4 105.6 2.6 0.8 92.8 5.9 1.2 198.4 10.8 5.9 372.4 1.4 2.7 56.0 12.2 8.6 428.4 1.1 0.2 29.0 0.7 0.3 24.8	FY23 Balances (USDbn) Margin Income (USDm) Exp Non-Exp 3.3 0.4 105.6 2.6 0.8 92.8 5.9 1.2 198.4 10.8 5.9 372.4 1.4 2.7 56.0 12.2 8.6 428.4 1.1 0.2 29.0 0.7 0.3 24.8	FY23 Balances (USDbn) Margin Income (USDm) Exp Non-Exp 3.3 0.4 105.6 2.6 0.8 92.8 5.9 1.2 198.4 10.8 5.9 372.4 1.4 2.7 56.0 12.2 8.6 428.4 1.1 0.2 29.0 0.7 0.3 24.8	FY24 Balances (USDbn) Margin Income (USDm) Exp Non-Exp	FY24 Balances (USDbn) Margin Income (USDm) Exp Non-Exp	FY24 Balances (USDbn) Margin Income (USDm) Exp Non-Exp
Register Maintenance							3.4	0.3	138.7
Corporate Actions							2.4	0.4	111.7
Issuer Services							5.8	0.7	250.4
Computershare Corporate Trust							9.2	5.5	372.7
Legacy Corporate Trust							0.9	1.9	47.2
Global Corporate Trust							10.1 7.4 419.9
Employee Share Plans & Voucher Services							1.1	0.4	53.5
Business Services							0.0 0.0 0.0
Mortgage Services & Property Rental Services	4.2	0.1	48.4	2.6	1.2	94.9	1.4	2.3	112.8
Totals	20.7bn	12.9bn	187.1m	22.5bn	11.5bn	775.4m	18.4bn	10.8bn	836.6m
Total average balances	33.6bn 154.9m 32.2m 0.75% 0.25%			34.0bn 674.0m 101.4m 3.00% 0.88%			29.2bn
Margin Income	154.9m	32.2m		674.0m	101.4m		712.9m	123.6m
Average annualisedyield	0.75%	0.25%		3.00%	0.88%		3.88%	1.15%

The Group acquired the Wells Fargo Corporate Trust business on the 1[st] November 2021. 1H22 includes balances and Margin Income for 2 months. The Group disposed of the KCC business on the 1[st] May 2023 (~$1b of average balances in FY23) and the US Mortgage Services business on the 1[st] May 2024 (~$1.5b of average balances in FY24).

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

	1H25	2H25	1H26	2H26	1H27	2H27	1H28	2H28	1H29	2H29	1H30	2H30	1H31	2H31	1H32	2H32	1H33	2H33	1H34
Exposed: Hedged balances ($bn)
By Profile	9.4	9.1	8.7	7.7	6.9	6.5	6.0	5.9	5.7	5.3	4.9	4.7	4.1	3.4	3.0	2.9	1.6	1.4	0.7
Fixed rate deposits	4.2	3.9	3.8	3.2	2.5	2.2	1.8	1.7	1.7	1.3	1.2	1.2	1.2	0.5	0.1	0.0	0.0	0.0	0.0
Fixed rate swaps	5.2	5.2	4.9	4.5	4.4	4.3	4.2	4.2	4.0	4.0	3.7	3.5	3.0	2.9	2.9	2.9	1.6	1.4	0.7
Split by Currency	9.4	9.1	8.7	7.7	6.9	6.5	6.0	5.9	5.7	5.3	4.9	4.7	4.1	3.4	3.0	2.9	1.6	1.4	0.7
AUD	0.1	0.1	0.1	0.1	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
CAD	0.3	0.3	0.3	0.3	0.3	0.2	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
GBP	1.5	1.3	1.2	0.6	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
USD	7.5	7.4	7.1	6.7	6.6	6.3	6.0	5.9	5.7	5.3	4.9	4.7	4.1	3.4	3.0	2.9	1.6	1.4	0.7
Average Weighted Hedged Yield	3.03%	3.01%	2.96%	3.02%	3.12%	3.13%	3.11%	3.09%	3.08%	3.11%	3.11%	3.09%	3.07%	3.06%	3.06%	3.06%	3.28%	3.36%	3.33%

Exposed: Non-hedged (floating rate deposits) ($bn)	Exposed: Non-hedged (floating rate deposits) ($bn)	Exposed: Non-hedged (floating rate deposits) ($bn)	Exposed: Non-hedged (floating rate deposits) ($bn)
By Profile	1.7	1.3	1.1	0.8	0.5	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4
Floating rate deposits	1.7	1.3	1.1	0.8	0.5	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4
Split by Currency	1.7	1.3	1.1	0.8	0.5	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4
AUD	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
CAD	0.7	0.6	0.5	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4
GBP	0.4	0.4	0.4	0.2	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
USD	0.6	0.3	0.2	0.2	0.1	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

Figures represent average notional balances for each half as at 30 June 2024.
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 will continue to be implemented throughout FY25 and beyond.

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Debt Facilities Maturity Profile and Composition – 30 June 2024

Maturity Profile

Composition of drawn debt facilities

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• Diverse sources of debt now in the
portfolio with public and private
Undrawn Bank
bonds combined with Bank facilities
Facilities: $609.6m
• Average debt facility maturity is 3.8 24%
1000 yrs. Drawn debt maturity is 4.1yrs
45%
• Total debt drawn – 0% fixed and $1,791.5m
900 100% floating; The currency
composition is 76% USD, 20% GBP,
800 4% AUD
700 • Average cost of debt for FY24 is 31%
59.6 6.87%
600
500
440.4
400
300 584.3
550.0
200
350.0
100 200.0 216.8
0 -
FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32
USPP Drawn Bank Debt Undrawn Bank Debt Debt Capital Markets
USD Million
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Balance Sheet

At actual rates		1H22	FY22	1H23	FY23	1H24	FY24
		Dec	Jun	Dec	Jun	Dec	Jun
Current Assets	USD M	1,946.7	2,007.9	2,081.0	2,173.4	2,955.7	1,987.2
~~$1662m~~ ~~U 424%~~ Non Current Assets	USD M	4,149.5	4,050.4	4,131.3	3,972.9	3,225.8	3,131.4
~~.~~ ~~p .~~ Total Assets	USD M	6,096.2	6,058.3	6,212.4	6,146.4	6,181.5	5,118.6
Margin Current Liabilities	USD M	1,156.2	1,270.1	792.2	1,292.4	1,260.8	675.4
~~315%~~ Non Current Liabilities	USD M	2,721.3	2,628.8	3,344.2	2,713.0	2,808.1	2,494.7
~~.~~ ~~Up 630bps~~ Total Liabilities	USD M	3,877.5	3,898.9	4,136.4	4,005.4	4,068.9	3,170.0
Total Equity	USD M	2,218.8	2,159.4	2,075.9	2,141.0	2,112.6	1,948.6

Net debt includingnon-recourse SLS Advance debt	USD M	1,542.2	1,371.6	1,465.6	1,216.2	1,310.7	461.4
Net debt to EBITDA ratio	Times	2.32	1.90	1.55	1.00	1.01	0.36
Net debt excludingnon-recourse SLS Advance debt	USD M	1,342.2	1,180.3	1,258.2	1,029.9	1,105.1	461.4
Net debt to EBITDA ratio excludingnon-recourse SLS Advance debt	Times	2.02	1.64	1.33	0.85	0.85	0.36
EBITDA Interest Coverage ratio	Times	11.6	12.0	10.1	9.1	7.3	7.9

ROE1	%	15.9%	15.6%	22.3%	30.1%	34.1%	34.7%
ROIC2	%	10.4%	12.2%	15.5%	22.7%	25.3%	30.2%

1 Return on equity (ROE) = rolling 12 month Mgt NPAT/Equity*

2 Return on invested capital (ROIC) = (Mgt EBITDA less depreciation & amortisation less income tax expense)/(net debt + total equity). Cash classified as an “asset held for sale” is included in the net debt calculation in 1H24 ($104.4m), FY22 ($29.9m) and 1H22 ($33.0m). * Includes the average of the opening and closing position.

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Cash flow summary

USD M(at actual rates)	1H22	FY22	1H23	FY23	1H24	FY24
Net operatingreceipts andpayments	277.7	592.8	377.4	914.2	543.2	1,020.9
Net interest and dividends	-38.8	-78.2	-49.1	-109.5	-65.2	-113.6
Income taxespaid	-35.6	-76.2	-80.8	-181.0	-108.1	-176.2
Netoperating cash flows excluding SLS advances	203.3	438.4	247.5	623.7	369.9	731.1
~~$166.2m~~ ~~Up 42.4%~~
Cash outlayon business capital expenditure	-12.3	-42.8	-17.2	-41.9	-17.2	-42.8
Margin
~~315%~~ Net cash outlayon MSRpurchases – Maintenance1and sales*	-9.5	-73.0	-102.0	-70.6	-56.5	-76.0
~~.~~ ~~Up 630bps~~
Free cash flow excluding SLS advances	181.5	322.6	128.3	511.1	296.3	612.3

SLS advance fundingrequirements2	-3.5	28.0	-57.9	-27.7	-28.2	1.9
	178.0	350.6	70.4	483.5	268.1 614.2
Cash flowpost SLS advance funding2

Investing cash flows
Acquisitions(net of cash acquired)	-729.7	-730.6	-0.3	-9.6	-36.0	-37.1
Disposal of Milestone	16.7	15.9
Disposal of Kurtzman Carson Consultants & CMC Funding				46.4
Disposal of US Mortgage Services						577.8
Other	0.2	-15.6	2.5		10.2	10.2
Total investing cash flows	-712.8	-730.4	2.2	36.8	-25.8	550.9

Netoperating and investing cash flows	-534.8	-379.8	72.6	520.3	242.3	1,165.1

1 Maintenance MSR capex assumed to be equivalent to the amortisation charge for the period. FY23 reflects a change in the amortisation period for interest ratesensitive MSRs from 8 to 9 years for US Mortgage Services. FY24 expense is $69.0m and FY23 expense is $102.8m. 2 Net operating and financing cash flows.

*Net MSR spend of $76.0m in FY24 (purchases of $76.0m and no sales) and $70.6m in FY23 (purchases of $168.2m and sales of $97.6m).

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Exchange Rates

Currency	1H22	FY22	1H23	FY23	1H24	FY24
USD	1.0000	1.0000	1.0000	1.0000	1.0000	1.0000
AUD	1.3622	1.3755	1.4895	1.4872	1.5309	1.5250
HKD	7.7805	7.8003	7.8423	7.8386	7.8190	7.8190
NZD	1.4326	1.4653	1.6506	1.6270	1.6539	1.6481
INR	74.3249	75.0340	80.6575	81.4939	82.9649	83.0972
CAD	1.2549	1.2625	1.3278	1.3408	1.3509	1.3545
GBP	0.7310	0.7481	0.8502	0.8319	0.7974	0.7939
EUR	0.8555	0.8821	0.9880	0.9571	0.9242	0.9246
RAND	15.0063	15.2427	17.1471	17.6191	18.6898	18.7048
RUB	72.8569	74.5346	59.2694	67.8286	93.4421	92.1030
DKK	6.3617	6.5614	7.3497	7.1225	6.8905	6.8945
SEK	8.6824	9.0871	10.6446	10.5526	10.7236	10.6293
CHF	0.9189	0.9282	0.9683	0.9423	0.8848	0.8870

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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

$166.2m 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 Up 42.4% comparative basis and provides a better measure of underlying operating performance.
MarginManagement adjustments are made on the same basis as in prior years.
• 31.5% The non-IFRS financial information contained within this document has not been reviewed or audited in accordance with Australian Auditing Standards.Up 630bps
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.
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COMPUTERSHARE LIMITED. — Interim / Quarterly Report 2024

64696_rns_2024-08-12_436fae6e-952f-48a6-a0f6-f63b623b5955.pdf

Strong Results. Reduced Complexity. Increased Returns.

Strong FY24 Results

Management EPS +8.9% vs. pcp

Increased returns - FY24 Proforma (ex US MS) results vs. Group

Strategy delivered. Reduced complexity.

1 FY24 Management EPS is inclusive of FY24 share buybacks.

Complexity reduced - Computershare’s integrated business model

Growth across all revenue lines

Revenue definitions – see slide 42 for detail

Core businesses performance

Issuer Services and Employee Share Plans performing strongly, market recovery underway in Corporate Trust

Navigating the interest rate cycle

Total Average Client Balances ($bn)

Total Hedged Margin Income ($m)

Margin Income, yields and average client balances

FY25 MI guidance around $745m, assumes lower interest rates

Positive FY25 Outlook

Guidance - Management EPS around 126cps, +7.5% vs pcp

Guidance

In constant currency, for FY25 we expect:

Key assumptions and sensitivities

FY24 Management results summary

21% growth in EBIT ex MI and higher MI drive margin expansion, +270 bps

FY24 Management EPS bridge Revenue growth exceeds higher costs, EPS up 8.9%

FY24 costs analysis

Proforma costs elevated due to inflation and projects, up 8.1% excluding US Mortgage Services

Cash flow and debt leverage

Strengthening balance sheet supports growth, investment and shareholder returns

FY24 Cash Flow Bridge

Strong Results. Reduced Complexity. Increased Returns.

Appendices

1. Constant currency analysis

2. Analysis at actual fx rates

Segment changes

FY24 Management results – constant currency and actual rates

Revenue, Margin Income, EBITDA and EBIT – constant currency

Proforma Income Statement (ex US Mortgage Services and KCC)

Revenue ex MI (USD M)

Issuer Services

Growth across all segments

Corporate Actions Revenue ($m)

Global managed shareholder accounts ($m)

Global Corporate Trust

Low debt issuance impacts results, recovery underway

Management EBIT

Total revenue breakdown ($m)

CCT Cost Synergy Plan – Cumulative Benefits ($m)

Mandates under Management (MUM) vs. Mandates won

Employee Share Plans

Higher transaction volumes and growth in core fees

ACTUAL FX RATE ANALYSIS

Key Financial Indicators

Computershare Profit & Loss

Statutory results

USD M (at actual rates)

Management adjustment items

Issuer Services Profit & Loss

Register Maintenance revenue breakdown

FY24 Revenue by Region

Global Corporate Trust

Employee Share Plans & Voucher Services Profit & Loss

Mortgage Services & Property Rental Services Profit & Loss

Communication Services & Utilities Profit & Loss

Business Services Profit & Loss

Technology Services & Operations Profit & Loss

Employee Share Plans Profit & Loss

Computershare Corporate Trust

UK Mortgage Services Profit & Loss

US Mortgage Services Profit & Loss

Revenue definitions

US Mortgage Services - UPB and number of loans

Key Definitions

US Mortgage Services - Invested Capital

Revenue definitions

FY24 Revenue by Country (USD and Local Currency)

Revenue, EBITDA and EBIT by Region

Revenue excluding acquisitions and disposals

COMPUTERSHARE LIMITED. Interim / Quarterly Report 2024