HARMONEY CORP LIMITED — Annual Report 2021

Aug 30, 2021

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All values in NZ$ unless otherwise stated.

Rapid growth across all key metrics.

New loan originations.

Account acquisition.

Powerful consumer-direct acquisition engine. Fast approaching 700K Harmoney accounts.

High growth of new customer originations in Australia powered by Stellare’s Libra.

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51% 260%
CAGR NEW CUSTOMER
ORIGINATIONS IN AU
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Net lending margin.

Superior net interest margin and net lending margin demonstrate portfolio quality, benefit of 100% direct, and 3Rs (Return, Repeat, Renew).

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HARMONEY © 2021

FY2021 RESULTS PRESENTATION

31 AUGUST 2021

FY2021 Highlights.

The 100% direct difference.

June 2021 was our highest ever month of originations, and was then surpassed in July 2021 ($54m).

m m $501 $135 GROUP LOAN BOOK. AU LOAN BOOK (AUD). Break 0.69%

Break even PRO FORMA CASH NPAT.

GROUP 90+ ARREARS.

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10.6%

6.8%

NET INTEREST MARGIN.

NET LENDING MARGIN.

Based on FY21 Pro-forma results.

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FY2021 RESULTS PRESENTATION

31 AUGUST 2021

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100% direct: Harmoney’s

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HARMONEY © 2021

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FY2021 RESULTS PRESENTATION

Harmoney is the largest 100% consumer-direct money platform in Australia/New Zealand.

The long-term value of direct consumer relationships.

Harmoney growth fly-wheel.

Our unique strategy is to create direct relationships with consumers, at scale, then nurture them to create high value now and in the future. To do this Harmoney combines data superiority, technological superiority, and marketing superiority like no other.

Market leading direct loan originations. $2.1B

CUMULATIVE ORIGINATIONS AS AT 30 JUNE 2021.

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FY2021 RESULTS PRESENTATION

31 AUGUST 2021

• 100% consumer-direct means deep consumer data.

And we have a 7 year 7 year head start with consumer data from over 400,000 loan applications totalling over $7 billion in lending enquiry.

Broker model And we have a 7 year 7 year Harmoney has a much offers limited deeper universe of head start with consumer data from consumers to consumer data. With Fintechs. over 400,000 loan our direct data, we see consumers in hi-res applications totalling and real time. over $7 billion in 10101111000000010010110010010110 10101111000000010010110010010110000100 lending enquiry. 00010011100110111100100001011100 11100110111100100001011100111111111100 11111111110001011000000000110101 010110000000001101010111101111000010001100011101001011111010000000010000111100010 01111011110000100011000111010010 111011111001110000010011111110110011001111001100010011011111101110011100011100000 11111010000000010000111100010001 100011010010101101011011011111101000110110000110110111111101011000101101100111011 111011111001110000010011 110001001011101101110010110110101101000111101011011100000111000110100110010010101 101110110100100100101000001111110011101011101111001111010001101011010010000010011 110111101101001101001010010111111110010101100010110010010110100101111110100111001 010101001110111110010111100001011110011101010110111101010011101011110000000100101 100101100001001110011011110010000101110011111111110001011000000000110101011110111 001000110001110100101111101000000001000011110001000111101111100111000001001111111 001100111100110001001101111110111001110001110000000110001101001010110101101101111 HARMONEY © 2021 FY2021 RESULTS PRESENTATION 100011011000011011011111110101100010110110011101100011000100101110110111001011011 31 AUGUST 2021 PAGE: 6 110100011110101101110000011100011010011001001010101010111011010010010010100000111

Libra: not your grandad’s credit scorecard. Harmoney’s behavioural data-powered credit decisioning engine.

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Stellare Libra 1.7/1.8: better-than-ever conversion.

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Bureau credit scores are too generic to be solely relied on for sophisticated pricing and personalised rates. Particularly for significant customer segments – like Millennials – who can have very thin credit files. Most importantly, our data tells us there are much better predictors of creditworthiness.

Libra’s behaviour-based scorecard learns from data acquired through Harmoney’s 400,000+ completed loan applications. For version 1.7/1.8, Libra incorporates 100+ pD (probability of default) predictor data points identified through behavioural analysis.

Libra 1.8 went live in NZ in mid-June 2021. Early results show similar trend to Libra 1.7 in Australia.

Stellare Libra 1.7: ~25% better credit performance compared to index of prior internal scorecards.

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Early analysis of arrears for loans scored under Libra 1.7 (released February 2021) shows improved performance when compared to prior scorecards at the same point in time.

We expect further performance improvements in future Libra releases as our innovative behavioural scorecard matures.

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HARMONEY © 2021

FY2021 RESULTS PRESENTATION

31 AUGUST 2021

Accounts continue to grow rapidly. Huge opportunity in a massive market and banks continue to shed market share.

Rapidly accelerating account growth.

Fintech’s market share of personal lending is accelerating.

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We have already acquired almost 700K direct Harmoney accounts and associated data, more than any other Australasian listed Fintech.

Our successful and unique collaboration with Google continues to support our account acquisition as we head towards 1 million accounts.

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Every year, the amount of people heading online to do the things they need to do is growing and that growth is accelerating.

This trend is plainly evident in personal finance.

And when they turn to online, people aren’t looking for the status quo. They’re looking for more convenience, they’re looking for more value, and they’re looking for fairness.

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Stellare’s automated end-to-end loan application supports rapid scalability of Harmoney.

Straight-through-processing (STP) measures the ratio of loans that complete a fully automated end-to-end loan application, ie. no human intervention.

Our STP settings can be temporarily adjusted to apply conservative settings as needed, such as when releasing a new scorecard, or where the macro conditions warrant a conservative approach (early COVID).

Fully automated loan applications. 68%

6 MONTH AVERAGE FROM JAN TO JUN ‘21

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Fully automated loan applications over 68% and growing.

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Financial and operational results.

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FY2021 RESULTS PRESENTATION

Australian new originations grow 260% on marketing scale-up post IPO.

New customer origination growth fuels receivables book growth.

• Q4 FY21 new customer originations exceed pre-COVID peak.

• Australia 52% of H2 new originations.

• New customer originations a lead indicator of 3Rs (Return, Repeat, Renew) originations, with those customers later returning for future needs.

• 3Rs customers proved a stable source of quality originations

• through COVID.

• FY21 average loan size originated of ~$25,000.

• FY21 average cost per loan to originate of ~3.7%.

Growth trend has returned.

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COVID
DIP
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HARMONEY © 2021

FY2021 RESULTS PRESENTATION

31 AUGUST 2021

Group receivables growth led by Australia expansion.

Return to growth in H2 FY21, following COVID-19 impacted H1 FY21.

• Record period end $501m receivables book.

• 14% Group H2 FY21 growth on H1 FY21 (annualised)

• 69% Australian H2 FY21 growth on H1 FY21 (annualised)

• H2 FY21 growth driven by accelerating originations from resumption of direct marketing and a lift in Australian conversion following February 2021 release Libra 1.7 scorecard.

• New Zealand book returns to growth post COVID in Q4 FY21.

Australian receivables 69%

AUSTRALIAN H2 FY21 ANNUALISED RECEIVABLES BOOK GROWTH

Group receivables book.

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Based on actual and forecast pro forma numbers.

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FY2021 RESULTS PRESENTATION

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Stellare platform delivers true scalability.

Revenue is set to grow significantly during FY22 on continued loan book growth, with superior net lending margin and market leading automation delivering operating cost efficiencies.

• Marketing-to-originations efficiency ratio to hold steady, even with continued investment in AU expansion, as minimal-cost 3Rs originations accelerate.

• Harmoney’s direct marketing costs are recognised up front as incurred, ahead of the interest revenue generated, which is received over the life of the loan. This provides a suppressed view of profitability when compared with businesses originating loans via brokers, as commissions are expensed over the life of the loan.

Pro forma group revenue FY21. $79m

Revenue grows materially faster than opex, creating large scalability opportunities.

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Based on actual and forecast pro forma numbers.

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FY2021 RESULTS PRESENTATION

31 AUGUST 2021

NZ$205m funding capacity to support continued expansion. Warehouse transition on target.

Average funding rate.

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270 [bps]
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Warehouse vs Peer-to-peer (P2P).
As at 30 June 2021.
Warehouse: 39%
P2P
Added 34% to
warehouse
61%
during FY21
Warehouse
prior to FY21
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Warehouse provided by ‘big-4’ bank, operating from January 2020. $99m AU UNDRAWN CAPACITY. First warehouse provided by ‘big 4’ bank, operating from December 2018. Second warehouse established $106m January 2021. NZ UNDRAWN CAPACITY. Transition to warehouse funding continues to lower funding costs, trend to continue with warehouse 270 bps funding averaging 44% FY21 FUNDING RATE IMPROVEMENT Q1 - Q4. (FY20: 20%).

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FY2021 RESULTS PRESENTATION

31 AUGUST 2021

Continued Libra improvements leads to best credit performance ever.

Group arrears and losses continue to perform ahead of expectation and are at historical lows.

Libra 1.7 implemented in February 2021 in Australia shows improved credit performance, through improvements in arrears and early payment defaults. The impact of COVID has been negligible on the portfolio with ~30 bps of loans currently on a payment holiday.

3.9% GROUP LOSS RATES AS % OF PRINCIPAL. 0.69%

GROUP +90 DAY ARREARS.

Australia arrears 61+ days

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New Zealand arrears 61+ days

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Harmoney’s Net Lending Margin demonstrates strength of underlying profit drivers.

16.3%

Harmoney’s personalised rates driven by Libra’s scorecard provides risk based interest rates leading to a distinctive competitive advantage.

Harmoney’s rates are comparable with “Big 4” bank rates. Easier, faster, more convenient customer experience.

Our range of personalised interest rates attracts customers who are used to traditional bank rates but at a superior customer experience.

AVERAGE INTEREST RATE.

10.6%

NET INTEREST MARGIN.

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6.8%

NET LENDING MARGIN.

Harmoney continues to drive down its cost of funds through more efficient warehouses leading to market leading net interest margin.

Harmoney’s strong Net Lending Margin takes into account all lending related costs, including losses (charge-offs).

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Strategy and outlook.

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FY2021 RESULTS PRESENTATION

The big banks were already retreating. Then the pandemic further boosted online.

Consumers embrace direct online: e-commerce soars in Australia.

‑ Just as the consumer direct future is disintermediating categories like travel and retail, lending is being disrupted by nimble Fintechs offering people what they need. Harmoney is taking full advantage of this.

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Australian Financial Review, June 2021.

UN Conference on Trade and Development (UNCTAD) based on national statistics office.

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FY2021 RESULTS PRESENTATION

31 AUGUST 2021

AU on-track to achieve NZ conversion

performance as product features align.

Parity in conversion opens $1B p.a. opportunity in Australia.

$1B originations per annum in Australia becomes achievable as conversion metrics reach parity with New Zealand.

Parity with NZ in new conversion.

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Parity with NZ in retention. AU origination $1B p.a. target.

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AU origination target.

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FY2021 RESULTS PRESENTATION

31 AUGUST 2021

Conversion improvements alone can rapidly grow our AU and NZ loan book.

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Quality of accounts attracted to Harmoney
represents untapped potential to convert
credit worthy customers through initiatives
focused on engagement and nurturing
Unsuitable for a
(~54,000 alone in H2 FY21).
Harmoney product.
Funded loans
New accounts
H2 FY21:
Untapped potential:
~47,000 credit worthy
accounts in H2 FY21
67K
Of 67,000 new accounts created H2 FY21,
70% (~47,000 accounts) could be targeted
with initiatives to increase conversion.
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~30,000 of untapped potential have had bank data analysed A significant portion of the untapped potential have shared their bank transaction data with us – these are customers with intent.

Our journey to offering lending to more customers.

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With our current strong rate of account creation, continual
improvements in our conversion rate through ongoing Libra
scorecard development and new features to improve
affordability and flexibility, we are in a position to accelerate
origination growth.
NEW
INITIATIVES
IMPROVING
CONVERSION
RATE
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HARMONEY © 2021

FY2021 RESULTS PRESENTATION

31 AUGUST 2021

Our data superiority drives superior new products: beyond personal loans to personal lending.

We will use our data advantage to identify opportunities and build product experiences that fit customer goals and lifestyles.

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The ultimate personal loan. Strategy

• Redesign the personal loan to fit the customer’s objectives – move beyond .

• personal loan to personal lending

• Increased flexibility: e.g. multi-drawdown, line of credit, goal–setting tranches.

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A product for everyone.

Strategy

• Value beyond the personal loan.

• Lending products or financial tools.

• Available to all account holders, specifically targeting the untapped .

• potential

• .

• Money in minutes

Outcome

• Moving from one product to more enduring “always-on” limit product , increasing retention and customer lifetime value.

• Flexibility increases market share beyond the traditional personal loan market .

Outcome

• Lower acquisition costs as more applicants become engaged customers – .

• not just borrowers

• Higher retention as customer relationship moves .

• beyond the personal loan

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FY2021 RESULTS PRESENTATION

31 AUGUST 2021

Delivering on our vision.

Consumer-direct acquisition at scale.

• Direct relationships build trust and make it easier for consumers to share data.

• Scale and depth of consumer data provides high-res modelling of consumer behaviour – individually and in aggregate.

• Data modelling driving efficiencies in large scale consumer acquisition.

• More accounts, lower cost per account.

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Conversion optimisation.

• Revolutionary Libra 1.7 (AU), 1.8 (NZ) scorecard finds more creditworthy consumer through broader behaviour data.

• Increases conversion rates from applications to settled loans without change to credit risk settings or automation.

• Lower arrears compared to previous scorecards.

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Margin superiority.

• Consumer-direct model removes the cost of intermediaries.

• Strong margin supports large scale consumer acquisition.

• Tech and data combine to provide virtuous investment cycle, leading to cheaper accounts.

• Consumer life-time value maximised through 3Rs retention.

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FY2021 RESULTS PRESENTATION

31 AUGUST 2021

This is just the beginning. Our unique model drives rapid, scalable financial growth. So financially, what does this all mean for the next 12 months?

Group loan book

Group revenue Net Lending Margin Opex* to revenue

FY21A $501M $79M 6.8%

22%

FY22F

>$600M

>$92M

>7%

<20%

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>20%

>16%

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>0.2%

>-2%

Harmoney forecasts its transition to warehouse funding to be ~90% complete by 30 June 2022.

FY21 and FY22 based on pro forma financials.

FY22 forecasts assumes COVID-19 lockdown restrictions currently in place in Australia and New Zealand do not have a material impact on originations or repayments. *Excludes direct borrower acquisition costs.

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Appendices

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FY2021 RESULTS PRESENTATION

A$135m Australian portfolio. Building a high skill, high value customer base.

AS AT 30 JUNE 2021.

Employment status.

Property ownership.

Age of borrowers.

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Loan purpose.

Region

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FY2021 RESULTS PRESENTATION

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$358m New Zealand portfolio. Building a high skill, high value customer base.

AS AT 30 JUNE 2021.

Employment status.

Property ownership.

Age of borrowers.

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Loan purpose.

Region

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HARMONEY © 2021

FY2021 RESULTS PRESENTATION

31 AUGUST 2021

Profit and loss (pro forma and statutory reconciliation).

	Year ended 30 June 2021	Year ended 30 June 2020
	Pro forma	Pro forma
	$'000	$'000
Interest income	78,560	85,220
Other income	505	806
Total income	79,065	86,026
Interest expense	27,410	31,394
Incurred credit losses	18,626	24,382
Net lending margin	33,029	30,250
Movement in expected credit loss provision	(436)	8,268
Net lending margin after loss provision	33,465	21,982
Marketing expenses	16,475	12,601
Verifcation and servicing expenses	4,006	3,428
Net operating margin	12,984	5,953
Personnel expenses	9,241	6,499
Share based payment expenses	4,078	760
Technology expenses	3,245	3,331
General and administrative expenses	7,728	3,458
Depreciation and amortisation expenses	1,046	1,617
Total indirect expenses	25,338	15,665
Loss before income tax	(12,354)	(9,712)
Income tax beneft	3,459	2,719
Loss after income tax	(8,895)	(6,993)
Non-cash and other normalisation adjustments
Movement in expected credit loss provision	(436)	8,268
Share based payment expenses	4,078	760
Depreciation and amortisation expenses	1,046	1,617
Borrower establishment fee rebate	4,000	3,000
IPO Expenses	3,172	-
Income tax impact of adjustments	(3,321)	(3,821)
Cash NPAT	(356)	2,831

ation).
	30 June 2021	30 June 2020
	$000	$000
	NPAT	NPAT
Pro forma	(8,895)	(6,993)
Adjustment to June fnancial year end		314
Recognition of peer-to-peer funded loans	(17,037)	(9,786)
Repayment of corporate debt		(1,972)
Research and development capitalisation		(1,680)
COVID-19 subsidy and salary reductions	71	1,431
Public company costs		802
Tax adjustment	(1,173)	2,512
Statutory	(27,034)	(15,372)

The pro forma profit and loss is intended to provide a more meaningful view of Harmoney’s operating performance. The adjustments from statutory are consistent with those made in the Prospectus, most significantly normalising for differences in the statutory accounting treatment between warehouse and peer-to-peer funded loans.

The pro forma normalisation for the borrower establishment fee rebate removes the impact of recognition of a non-recurring provision in connection with a historic dispute with the New Zealand Commerce Commission arising out of Harmoney’s peer-to-peer lending activities, which has now been settled.

The pro forma normalisation for IPO expenses removes the non-recurring expenses recognised in the current year relating to Harmoney’s initial public offering in November 2020.

The Group expenses all its customer acquisition costs (marketing and verification costs) as incurred (no capitalisation and subsequent amortisation).

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FY2021 RESULTS PRESENTATION

31 AUGUST 2021

Cashflow.

	30 June 2021	30 June 2020
	$000	$000
CASH FLOWS FROM OPERATING ACTIVITIES
Interest received	36,760	20,650
Interest paid	(9,773)	(5,575)
Other income	6,809	32,712
Payments to suppliers and employees	(35,384)	(41,616)
Net cash (used in)/generated by operating activities	(1,588)	6,171
CASH FLOWS FROM INVESTING ACTIVITIES
Net advances to customers	(180,044)	(99,209)
Payments for intangibles and equipment	(3,694)	(33)
Net cash (used in) investing activities	(183,738)	(99,242)
CASH FLOWS FROM FINANCING ACTIVITIES
Net proceeds from fnance receivables borrowings	170,227	84,863
Net (repayment) / proceeds of debt fnancing	(10,694)	10,162
Proceeds from share issue, net of transaction costs	67,550	23,469
Principal element of lease payments	(969)	(189)
Net cash generated by financing activities	226,114	118,305
Cash and cash equivalents at the beginning of the period	34,779	9,531
Net increase / (decrease) in cash and cash equivalents	40,788	25,234
Gain/(loss) on foreign currency bank accounts	897	14
Cash and cash equivalents at the end of the period	76,464	34,779

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FY2021 RESULTS PRESENTATION

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Balance sheet.

et.
	30 June 2021	30 June 2020
	$000	$000
ASSETS
Cash and cash equivalents	76,464	34,779
Trade and other assets	1,894	5,223
Finance receivables	294,821	129,222
Property and equipment	642	1,448
Intangible assets	3,455	-
Deferred tax assets	11,490	9,548
Total assets	388,766	180,220
LIABILITIES
Payables and accruals	7,324	3,263
Borrowings	291,541	132,630
Provisions	13,405	12,832
Lease liability	717	1,684
Derivative fnancial instruments	85	926
Total liabilities	313,072	151,335
NET ASSETS	75,694	28,885
Share capital	131,398	56,686
Foreign currency translation reserve	98	(334)
Share based payment reserve	-	2,825
Cash fow hedge reserve	(572)	(926)
Accumulated losses	(39,854)	(29,366)
Equity	75,694	28,885

The balance sheet is presented on a statutory basis. As such, the finance receivables and borrowings relate only to loans that are warehouse funded. Peer-to-peer loans are in addition to these finance receivables and borrowings, and are included in the pro forma.

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FY2021 RESULTS PRESENTATION

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Key operating and pro forma financial metrics.

	30 June 2021	30 June 2020	Change
	$000	$000	%
LOAN BOOK VALUE AND GROWTH
Originations ($'000)	444,044	420,107	6%
Loan book (average) ($'000)	480,623	505,928	(5%)
Loan book (period end) ($'000)	500,831	499,346	0%
Average interest rate (%)	16.3%	16.8%	(50bps)
Average funding rate (%)	5.8%	6.3%	(50bps)
Net interest margin	10.6%	10.6%	0bps
Net lending margin	6.8%	5.8%	100bps
LOAN BOOK QUALITY
Impairment expense ($'000)	18,626	24,382	(24%)
Impairment expense to average gross loans (%)	3.9%	4.8%	(11%)
Provision rate (%)	5.6%	5.7%	(10bps)
PRODUCTIVITY METRICS
Marketing to origination	4%	3%	1%
Verifcation & servicing to origination	1%	1%	0%
Personnel to income	12%	8%	4%
Technology to total income	4%	4%	0%
General and administrative to income	6%	2%	4%

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Board of Directors.

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Paul Lahiff Independent Director and Chairman.

Paul was previously Managing Director of Mortgage Choice Limited (2003- 2009) and prior to that Managing Director of Permanent Trustee and Heritage Bank. Paul sits on the Boards of Sezzle Ltd, 86400 Ltd, Austbrokers Ltd, and NESS Super. He is also the Chair of the ISO 20022 Migration Steering Committee and holds a Bachelor of Agricultural Economics from Sydney University. He is based in Sydney, Australia.

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David Flacks Independent Director.

David was a senior corporate partner of Bell Gully for many years and was General Counsel and Company Secretary of Carter Holt Harvey for 4 years during the 1990’s. Since retiring from Bell Gully, David has had a number of governance and regulatory roles. He is currently chair of dual NZX and ASX listed AFT Pharmaceuticals and is chair of the Suncorp New Zealand group of companies, and a director of Todd Corporation. He has been chair of both NZX Markets Disciplinary Tribunal and NZX Regulatory Governance Committee, and a member of the New Zealand Takeovers Panel.

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Tracey Jones Independent Director.

Tracey is a professional director and family office adviser. She currently has a portfolio of governance roles in the commercial, not for profit and charitable sectors. She has significant investment, commercial, and governance experience having previously held executive roles in one of New Zealand’s largest family offices. She is a chartered accountant, a member of the Chartered Accountants of Australia & New Zealand, and a member of the New Zealand Institute of Directors.

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Neil Roberts

Director and Founder.

Neil founded Harmoney, was CEO over 6 years driving the capital path, building culture systems and processes that are intrinsic to Harmoney’s success. Prior to that Neil was Head of Sales and Business Development at FlexiGroup, leading a team of 80 with sales of $200m driving a $30m profit. Neil founded the Direct Division of a listed New Zealand retail company, PRG Group, that sold personal loans to consumers and raised retail debentures to fund loans. Launched in 2001 PRF Direct, achieved $3.2b in personal loan

applications and $1.2b in written personal loans over five years. Ultimately heading the business, Neil was responsible for over 400 staff and a balance sheet of $750m in assets with forecasted PBT of $50m six years later and prior to being sold to GE Money in 2006.

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David Stevens

Chief Executive Officer and Managing Director.

David is a highly experienced CEO specialising in the non-bank consumer and commercial finance sectors within Australia and New Zealand. David most recently led a start-up company, ultimately securing a major equity stake in the business by the Bank of Queensland in 2018. Prior to this, David served as CEO and CFO of Humm (formerly “FlexiGroup”) (ASX: “FXL” now “HUM”). In David’s near-decade with FlexiGroup, he led large teams in the strategic growth of the business, through both organic growth and M&A of what was a small company to an ASX200-listed business. Whilst CEO of FlexiGroup, David led the $300m+ acquisition of Fisher & Paykel Finance and spent considerable time in New Zealand in the course of his work in the local side of the business.

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Important notice and disclaimer.

The material in this presentation is provided for general information purposes only and is current as at the date of this presentation. It is not a prospectus or product disclosure statement, financial product or investment advice or a recommendation or offer to acquire Harmoney shares or other securities. It is not intended to be relied upon as advice to investors and does not take into account the investment objectives, financial situation or needs of any particular investor. Investors should assess their own financial circumstances and seek professional legal, tax, business and/or financial advice before making any investment decision. The information in this presentation does not purport to be complete. It should be read in conjunction with Harmoney’s other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange and New Zealand’s Exchange, which are available at www.asx.com.au and www.nzx.com respectively.

This presentation may contain forward looking statements including statements regarding our intent, belief or current expectations with respect to Harmoney Group’s business and operations, market conditions, results of operations and financial condition, specific provisions and risk management practices. Such forward looking statements involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of Harmoney Group and which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements. Readers are cautioned not to place undue reliance on these forward looking statements, which speak only as of the date thereof. Past performance is not indicative of future performance.

No representation or warranty, express or implied, is made as to the fairness, completeness, accuracy, adequacy or reliability of information, opinions or conclusions in this presentation, including the financial information. To the maximum extent permitted by law, none of Harmoney or its related bodies corporate or their respective, its directors, officers, employees or contractors or agents do not accept liability or responsibility for any loss or damage resulting from the use or reliance on this presentation or its contents or otherwise arising in connection with it by any person, including, without limitation, any liability from fault or negligence.

The financial information in this presentation has not been audited in accordance with Australian Auditing Standards.

This presentation contains certain non-IFRS measures that Harmoney believes are relevant and appropriate to understanding its business. Investors should refer to the Full Year Results FY21 for further details.

All values are expressed in New Zealand currency unless otherwise stated. All intellectual property rights in this presentation are owned by Harmoney.

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• The future of money is consumer-direct.