HUMM GROUP LIMITED — Capital/Financing Update 2022

Mar 10, 2022

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11 March 2022

humm announces of group pricing A$250m ABS transaction

humm group limited (ASX: HUM) (“ humm group” or the “Company”) has today announced the pricing of A$250 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.

humm group has been a regular issuer in the securitisation market since 2011 and the humm ABS Trust 2022-1 transaction represents the Company’s thirteenth securitisation of BNPL receivables and is representative of the strong growth in solar, healthcare and home improvement.

This transaction also represents the eighth humm ABS transaction that has included green notes across all rating levels from ‘AAA’ down to ‘BB’ and takes humm group’s aggregate green bond issuance to over A$600m. The green notes meet the requirements for certification under the current version of the Climate Bonds Standard (Version 3.0).

Adrian Fisk, Chief Financial Officer of humm group said:

“We are delighted to have priced our first public ABS transaction for the calendar year. The result is particularly pleasing given the challenging market conditions as the macro-economic and geopolitical backdrop has impacted risk sentiment across markets over recent weeks. The pricing across the capital structure and the investor diversification achieved in the senior tranches is testament to the continued strength of the humm group brand across our domestic and offshore investor base.

Upon execution of the humm ABS 2022-1 transaction we will have successfully issued over A$860m of asset-backed securities during FY22 continuing the momentum we built up in public markets over the prior year. The transaction will create wholesale funding capacity to support the continued growth we are seeing in our BNPL business and will further improve the capital efficiency of the Company as a whole.”

The humm ABS Trust 2022-1 transaction includes:

Notes	Issue size (A$m)	Expected ratings(Fitch/ Moody’s)	Margin over 1mBBSW
Class A1	175.00	AAAsf / Aaa(sf)	1.10%
Class A1-G	6.00	AAAsf / Aaa(sf)	1.10%
Class B-G	27.00	AAsf / Not rated	1.65%
Class C-G	12.50	A-sf / Not rated	1.90%
Class D-G	13.25	BBB-sf / Not rated	2.50%
Class E-G	10.00	BBsf / Not rated	4.50%
Class F	6.25	Not rated	Not disclosed
Total	250.00

humm group limited ACN 122 574 583 Level 1, 121 Harrington St, The Rocks, NSW 2000 Tel.+61-2-8905-2000

-ENDS-

Authorised for release by the humm group Disclosure Committee.

Investor Contact

Media Contact

Craig Horlin - Group Head of FP&A Roger Newby – Domestique Consulting +61 417 372 474 +61 401 278 906 OR Lauren Thompson – Domestique Consulting +61 438 954 729

ABOUT HUMM GROUP

humm group is revolutionising the way people pay. humm group has developed some of Australia and New Zealand’s most exciting and accessible consumer finance products including humm , bundll , humm 90 and humm pro. humm group continues to design products around the core needs of financially savvy consumers spanning millennial spenders through to young families and SMEs. humm group facilitates purchases for over 2.7 million customers and operates in Australia, New Zealand, Ireland, the United Kingdom and Canada.

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