CREDIT CORP GROUP LIMITED — AGM Information 2011

Nov 7, 2011

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2011 Annual General Meeting YTD to October 2011 update 8 November 2011

Thomas Beregi Chief Executive Officer

Michael Eadie Chief Financial Officer

Strong start to the year

FY12 Financials

versus prior year	Four months to Oct 11 Actual Aug 11 FY12 Guidance
PDL acquisitions up1% to	$23.8m $45 - $65m
PDL collections and fee income up14% to	$77.8m
Revenue up19% to	$44.1m
NPAT up31% to	$10.4m $21 - $23m
EPS(basic) up28% to	23 cents 46 - 51 cents

Unaudited management accounts

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2

Strong balance sheet platform

	Four months ended	Four months ended
$ million	31 Oct 11	31 Oct 10
Operating cash flow(1)	46.0	35.4
PDL acquisitions and capex	(24.8)	(25.6)
Free cash flow	21.2	9.8
PDL carrying value	136.6	139.5
Net bank debt	7.2	33.5
Net debt / carrying value (%)	5.1%	24.0%

(1) Operating cash flow in 2010 was impacted by a one-off tax timing difference of $5.8m

Unaudited management accounts

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4

Purchases meet ingoing projections…

Cumulative Collections (Initial Expectations versus Actual)

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(July 08 – Oct 11)
650
600
550
500 Actual
Cumulative 450 Cash
Collections 400 Collections
$m 350
300
250
200
150 Initial
100 Projections
50
-
Jun-08 Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Oct-11
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Note: For all PDL’s held at June 2008, initial projections represent the forecast prepared as at June 2008

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4

…and we continue to drive collections from older PDLs…

PDL Collections by date of purchase

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60.0
$m
55.0
50.0 28%
45.0 31%
32%
40.0 31% 34% 34%
31% 31% 9% > 3 years
35.0 19% 29% 31% 8% 2-3 years
27% 11% 7% 7%
30.0 28% 15% 21% 1-2 years
18%
25.0 22% 21% 21% 19% 15% 16% 18% 18% < 1 year
20%
20% 13%
20.0
15% 12% 13%
36%
15.0 31% 22%
29% 43% 43% 42%
10.0 41% 42% 41%
37%
36%
33%
5.0 27% 22% 23% 27%
0.0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 4 Mths
Sep 08 Dec 08 Mar 09 Jun 09 Sep 09 Dec 09 Mar 10 Jun 10 Sep 10 Dec 10 Mar 11 Jun 11 Oct 11
Pro-rated to a quarterly average
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5

…while maintaining collection efficiency

Debt Purchase Productivity (direct collection staff only)

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$275
$256 $257
$255
$250 $243 $245 $245
$241
$239 $238
$235
$230
2011/12
$227
$224
$236 2010/11
$225 $231 $231
PDL $228 $228 $226 $225
$224 $224
Collections per
hour
$213 $211
$200
$175
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$150 Nov-10Dec-10 Jan-11 Feb-11 Mar-11 Apr-11May-11 Jun-11 Jul-11 Aug-11Sep-11 Oct-11

Note: Recent dilution due to Philippines expansion

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6

And our strong payers base suggests this will continue

Total Portfolio	Oct 11	Jun 11	Dec 10	Jun 10	Dec 09	Jun 09	Dec 08
Face value	$3.3bn	$3.2bn	$2.9bn	$2.6bn	$2.5bn	$2.2bn	$2.2bn
Number of accounts	449,000	413,000	319,000	302,000	306,000	284,000	319,000
Payment arrangements
Face value	$628m	$598m	$542m	$476m	$392m	$339m	$268m
Number of accounts	83,000	77,000	71,000	66,000	57,000	52,000	42,000
% of PDL collections	69%	70%	70%	68%	66%	65%	63%

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7

We have increased collection capacity…

Headcount by function (FTE)

0 100 200 300 400 500 600 700
			FY07 FY08		FY09		FY10			FY11
			Function		FY07	FY08		FY09	FY10		FY11		Oct 11
			Debt Purchase Ops		294	405		435	516		615		637(3)
			Process Serving /Mercantile		86	95		4(2)	4		4		4
			Support / New Initiatives		68	52(1)		50	55		64		75
			Total		448	552		489	575		683		716
			Support / New Initiatives %		15%	9%		10%	10%		9%		10%
1) Includes early July 2008 terminations
2) Business sales during FY09: Malaysian Mer				ca	ntile, WA Mercantile and Process serving

(1) Includes early July 2008 terminations

(2) Business sales during FY09: Malaysian Mercantile, WA Mercantile and Process serving

(3) Includes 106 FTE from the Philippines operation

88

Offshore operations driving recent growth

• Commenced in November 2010, grown to 106 FTE in October 2011

• Replaced existing offshore third party collection agents

• Collecting into Australia and New Zealand

• Profitable in 5[th] month of operation

• Located in Manila, the Philippines

• Readily accessible labour pool

• Low cost

• Platform for expansion into new services and markets

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9

Solid FY12 purchasing pipeline

Purchases

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$92.6m
$65m $65m
FY12 Purchasing
Guide: $50 -
$37m
$65m
Contracted
$46.7m
as at Oct 2011
FY09 FY10 FY11 FY12
Actual Actual Actual
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10

…while we will maintain our purchasing discipline in FY12

• Credit Corp continues to improve operational execution to maintain attractive PDL prices

• Recent evidence that competitor pricing is beyond the levels required to meet our minimum return criteria

• FY12 purchasing guidance of $50 - $65m

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11

In FY12 we will deliver solid results while leveraging recent initiatives to produce sustained performance

• Continue to improve operational performance

• in-house technological innovation

• asset management

• low cost platform

• Utilise platforms developed in FY11 to

• initiate geographic expansion

• commence operations in adjacent business segments

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12

Revised guidance

FY12 Updated Nov 11 Issued Aug 11 PDL acquisitions $50 - $65m $45 - $65m NPAT $23 - $25m $21 - $23m EPS (basic) 50 - 55 cents 46 - 51 cents

Guidance excludes potential shareholder litigation costs over the balance of the year

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13

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2011 Annual General Meeting

General questions

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