HUMM GROUP LIMITED — Capital/Financing Update 2021

Jun 23, 2021

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24 June 2021

humm group announces pricing of A$260m ABS transaction

humm group limited (ASX: HUM) (“ humm group” or the “Company”) has today announced the pricing of A$260 million of asset-backed securities (“ABS”), supported by a pool of unsecured consumer receivables originated in Australia under its buy now pay later (“BNPL”) offering, humm . The competitive pricing achieved in connection with the transaction is a record for the Company.

The continued success of the humm BNPL offering in Australia has led to a second humm ABS transaction within FY21. Following the successful completion of this humm ABS Trust 2021-1, the Company will have issued over A$1 billion of ABS during FY21.

The humm ABS Trust 2021-1 transaction represents the Company’s twelfth securitisation of BNPL receivables and is representative of the strong growth in solar, healthcare and home improvement. This also represents the seventh humm ABS transaction that has included green notes across all rating levels from ‘AAA’ down to ‘BB’. The green notes meet the requirements for certification under the current version of the Climate Bonds Standard (Version 3.0).

In addition to the humm ABS Trust 2021-1, humm group has secured commitments of A$110m under a new three year syndicated revolving loan facility to replace the existing bilateral corporate debt facilities with undrawn commitments of A$197m. The new facility further diversifies humm group’s core banking relationships, with two new international banking partners joining the lender group to support humm group’s global expansion. The reduced facility size is more suited to the Company’s current debt needs and will have a positive effect on the amount of undrawn fees.

Jason Murray, Chief Financial Officer of humm group said:

“We are absolutely delighted with humm group’s continued success in the public securitisation market, with over $1 billion of ABS issued during the FY21 year. Our latest ABS transaction was again strongly oversubscribed by a range of high quality fixed income investors, which is a testament to the track record and performance of our humm receivables portfolio.

“Combined with the new revolving syndicated loan facility, humm group has refined its funding structure during the year to provide greater flexibility and capital efficiency for the Company to execute its growth strategy. Our well established funding platform and Treasury team are a key competitive advantage, especially in the funding of bigger ticket BNPL.”

humm group limited ACN 122 574 583 Level 7, 179 Elizabeth St, Sydney NSW 2000 Tel.+61-2-8905-2000

The humm ABS Trust 2021-1 transaction includes:

Notes	Issue size (A$m)	Expected ratings(Fitch/Moody’s)	Margin over1m BBSW
Class A1	177.84	AAAsf/Aaa(sf)	0.65%
Class A1-G	10.40	AAAsf/Aaa(sf)	0.65%
Class B-G	28.08	AAsf/Not rated	1.10%
Class C-G	13.00	Asf/Not rated	1.45%
Class D-G	13.78	BBBsf/Not rated	2.30%
Class E-G	10.40	BBsf/Not rated	4.20%
Class F	6.50	Not rated	Not disclosed
Total	260.00

Authorised for release by the humm group Disclosure Committee.

-ENDS-

Investor Relations Contact

Media Contact

Suk Hee Lee – Head of Investor Relations Roger Newby – Domestique Consulting +61 433 343 888 +61 401 278 906

ABOUT HUMM GROUP

humm group is a diversified full-service payments company with leading offerings in buy now pay later, revolving credit and SME finance. Serving a broad footprint of millennial spenders, through to young families and small and medium businesses, it facilitates purchases for 2.7 million customers in Australia, New Zealand and Ireland.

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