HUMM GROUP LIMITED — AGM Information 2016

Nov 21, 2016

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2016 Annual General Meeting

Returning FXL to Profitable Organic Growth

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22[nd] November 2016

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2016 Annual General Meeting Chairman’s address Andrew Abercrombie

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22[nd] November 2016

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2016 Annual General Meeting

Returning FXL to Profitable Organic Growth

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CEO’s address: Symon Brewis-Weston

• FY2016 - solid year

• Strengthening the foundations for future growth

• Growth strategies to build significant earnings power– Cards, Commercial and Ireland

• Execution on track and advanced but clear execution priorities ahead

• First 4 months of FY17 trading in line with expectations. Strong growth in cards. Commercial encouraging.

• Affirming FY2017 Cash NPAT estimate - $90 – 97m

22 November 2016

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FXL Highlights Transformational acquisition of FPF completed taking portfolio above $2bn

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FlexiGroup ($m)	FY15	FY16	Growth v PCP
Cash NPAT1	90.1	97.0	8%
Statutory NPAT	82.7	50.2	(39%)
Volume	1,136	1,350	19%
Closing Receivables	1,428	2,094	47%
Cash Flow from Operating Activities	121.2	147.4	22%
ROE %2	23%	19%	(4%)
Cash Earnings per Share (cents)2	28.7	28.0	(2%)

Notes:

1. Cash NPAT excludes amortisation of acquired intangibles $3.7m (FY15: $3m), deal acquisition costs $5.6m (FY15: $1.9m), impairment of TOT goodwill $8.5m, fixed assets written off $12.3m and additional receivables provisioning $16.7m. FY15 also excludes a one off residual value loss in Enterprise business of $2.5m.

2. ROE and Cash EPS in FY16 impacted by timing lag between capital raised in Nov-15 (22% of issued share capital) and FPF acquisition completed in Mar-16

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Key initiatives to return FXL to profitable organic growth

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• 1 Upscaling AU Cards business through leveraging strategic contracts

• 2 Oxipay launched to market targeting millennials spend

• 3 Investing in Ireland business to capture market opportunity

• 4 Rebuild of Commercial Finance business

• 5 Roll out scheme card in NZ and improve cost to income ratio 6 Driving sales and marketing culture

7 Exiting non-core business units

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FXL FY16 Scorecard

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AU Cards scale	Major contract gained to drive scale in AU Cards business  Partnership agreement with Flight Centre Group announced and store roll-out Sep-16 Complete acquisition of Fisher & Paykel Finance in NZ  Acquisition completed Mar-16 Business performing in line with expectations Integration plan and synergies on track Build and launch low touch, consumer friendly payment product into market  Oxipay product being launched to market Relationships with significant number of merchants Implementation of Oracle cloud general ledger platform  Platform went live 1 July 2016 Sales culture to be reinvigorated with focus on channel partner relationships Sales team partner alignment being reworked On the ground team being expanded to cover Flight Centre store network Growth strategy to be developed for Certegy excluding Energy Storage  Ezi-Living product launched and shopping cart integration delivered More work required to build out growth strategy Exit non-core businesses and redeploy capital TOT sale process progressing well Paymate and Blink divested Enterprise portfolio in run-down Commercial finance offer rebuilt and gaining traction in AU market Value proposition and sales processes rebuilt Several new introducer agreements signed Kikka cross sell to existing customers commenced
FPF Acquisition
OxiPay launch
Oracle roll-out
Sales culture
Certegy
Non-core businesses
Commercial

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