HUMM GROUP LIMITED — Investor Presentation 2021

Oct 26, 2021

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Authorised for release by the hummgroup Board of Directors humm group limited ACN 122 574 583 Level 1, 121 Harrington St, The Rocks, Sydney NSW 2000 Investors Relations Contact: sukhee.lee@humm-group.com

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HUMMGROUP INVESTOR DAY // 27 OCTOBER 2021

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| TODAY’S ANNOUNCEMENTS

01 | Return to dividends commencing in 1H22

02 | Exploring divestment of New Zealand Commercial business

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| COMMITMENT TO SHAREHOLDERS

01 | Committed to growing shareholder value

02 | Will balance returns and investment for growth 03 | Investment to be measured against key performance hurdles

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HUMMGROUP INVESTOR DAY // 27 OCTOBER 2021

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Bigger ticket instalment plan financier

| WHO WE ARE

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Strength through a diversified offering for consumers and SMEs

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Leader in credit Profitable with the decisioning and ability to self-fund funding for larger our growth purchases

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HUMMGROUP INVESTOR DAY // 27 OCTOBER 2021

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| MARKET LEADERSHIP

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MARKET LEADER #2 NBFI in BNPL transactions over commercial asset $500 in value[1] finance lender[2]

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THE LEADING NBFI issuer of new credit cards in New Zealand (33% of market in 4Q21)

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#1 BNPL FINANCIER #1 BNPL FINANCIER in residential solar and home improvement in in key health verticals –private Australia audiology equipment and dental

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B2B PLATFORM OF CHOICE for blue chip partners to offer customers the latest trends in instalment payments

1. Rfi research. 2. Based on information from aggregators.

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HUMMGROUP INVESTOR DAY // 27 OCTOBER 2021

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| OUR ACHIEVEMENTS

1. Proven ability to scale

3. Continued efficiency gains

• Strongly grown the BNPL business – hitting over a $1b in volume in FY21

• Strongly grown the Commercial business – on a pathway to $1b in volume over the medium-term

• Remain committed to target sub 40% CTI

• Employees down from ~1,100 in December 2018 to ~700 in June 2021

• Almost doubled total humm group customers from 1.4m as at June 2018 to 2.7m in June 2021

• Operating expenses excluding marketing and depreciation reduced from $150.8m in FY19 to $134.0m in FY21[1]

• More than doubled our BNPL merchants from 9.5k as at June 2018 to 20.8k in June 2021

• Advanced on decommissioning legacy products and technology

`

2. Proven ability to deliver technology transformation

4. 15-year proven record in capital markets

• Swiftest credit decision in market: 3 minutes to apply for up to $30k

• Fully digitised customer experience: 4.8 app rating

• Securitised over $5b in receivables through public markets

• Decisioned and financed almost $20b in purchases

• New BNPL stack for UK and Canada to be replatformed for AU

• Continual roll-out of new features to drive engagement and transaction frequency to 19x per year across Australian consumer products in FY21

• Improved capital efficiency by 210 basis points between FY18 (16.0%) and FY21 (13.9%)[2]

• Reduced corporate gearing from 36% in June 2018 to nil in June 2021

• On a Cash NPAT basis. 2. Average direct capital employed / average net receivables.

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| TWO DISTINCT BUSINESSES

ESTABLISHED BUSINESSES

RAPID GROWTH BUSINESSES

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CHARACTERISTICS

• Stable earnings and growth

• Leading market positions

• Strong margin

• High-growth

• Disruptive – continual innovation

• Low cost and rapid customer acquisition

OPPORTUNITY

• Over $70b in traditional banking revenue being disrupted[1] : – $48b in business banking

• – $28b in consumer finance

• Return of international travel: ~$350m volume annually

• Addressable market in ‘Big things’ of $500b+

• Differentiated value proposition in ‘Big things’

• Enhanced data insights to drive volume and reduce credit losses

• Partnerships to support low cost customer acquisition

COMPETITIVE DYNAMICS

• Distrust of banks

• Longer term convergence between Cards and BNPL

• Speed to yes a critical factor for all customers, particularly commercial

• Big 4 is retreating from the SME market

• Crowded BNPL market at low-value end

• Limited competition in ‘Big things’ given requirement for sophisticated credit and funding

• Global banks retreating from white label retail cards businesses

• BNPL has delivered strong customer loyalty giving BNPL unique power at the nexus of customer, merchant, payments and loyalty

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1. Macquarie market analyst report.

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| EQUITY MARKET VALUATION COMPARISONS

ESTABLISHED BUSINESSES

GROWTH BUSINESSES

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PE Multiple[1]

EV / Revenue Multiple[2,3]

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10.7x
9.4x
8.4x 8.5x AVG
7.0x
8.8x
Peer 1 Peer 2 Peer 3 Peer 4 Peer 5
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10.1x
6.9x
AVG
4.6x
2.3x
1.4x
Peer A Peer B Peer C Peer D
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FY21 Established Businesses CNPAT = $67m

FY21 Growth Businesses Revenue = $121m

humm group market capitalisation today is $451m[4] with unrestricted cash on balance sheet of $65m[5]

1. FY21 earnings. 2. FY21 Revenue. 3. Enterprise value excludes non-recourse financing. 4. 22 October 2021. 5. 30 September 2021.

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HUMMGROUP INVESTOR DAY // 27 OCTOBER 2021

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| INVESTMENT CHECKLIST

Diversified business model

Strong and sustainable unit economics

Portfolio of successful growth and seasoned products

A profitable business that can self-fund growth

Reducing capital intensity

Experienced management team

Strong access to capital markets and competitive funding

Leading experience across finance, payments and marketing

Partnership strategy Partner of choice for blue chip companies

Focus on shareholder value

Regular cash returns combined with focus on earnings growth

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HUMMGROUP INVESTOR DAY // 27 OCTOBER 2021

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| WHY YOU SHOULD THINK ABOUT BUYING HUMMGROUP SHARES

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We’re the only profitable BNPL player in Australia

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Benefit from a global niche financing bigger ticket items

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We’re a portfolio of strategic and successful businesses

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We’re not dependent on future equity issues to fund cash losses from growth

Accelerated growth as travel and in-store spending returns to normal

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Attractive compared to other equity market valuations

humm group is not licensed to provide financial product advice in relation to hummg roup shares. Prospective investors should obtain their own advice from a professional adviser who has regard to their own financial situation and needs. See disclaimer for an outline of some of the risks involved.

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| INTRODUCTION OF SPEAKERS

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REBECCA JAMES Group Chief Executive Officer

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CHRIS LAMERS Deputy Group CEO & Chief Customer Growth Officer

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ADRIAN FISK Chief Financial Officer

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ROB WRIGHT TIM MOULTON Commercial Australia Country Head – Canada & New Zealand

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01 | Our vision

02 | Instalment products overview

03 | Partnerships

| International expansion

• | Commercial and Leasing

| Finance

| Summary

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OUR VISION

HUMMGROUP INVESTOR DAY // 27 OCTOBER 2021

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| STRATEGIC PRIORITIES TO DELIVER SHAREHOLDER VALUE

MISSION

|

To provide easy instalment plans that enable you to buy now pay later and budget responsibly for the things customers need and love.

VISION

|

To be the favoured way to pay for bigger purchases.

STRATEGIC PRIORITIES |

• GROW NPAT IN ESTABLISHED BUSINESSES GROW SCALE AND REVENUE IN GROWTH BUSINESSES Via continued leadership in established businesses Via targeted growth opportunities • Take share from major banks: • Be the #1 BNPL for bigger ticket purchases – • $28b disruption in consumer finance Create value for our merchants by increasing ATVs and conversions

• – $48b disruption in SME finance • Be the B2B payment and technology solution of choice for partners to

• • Prudently investing excess profits to fuel growth of businesses offer customers access to the latest trends in instalment payments • Expand BNPL into SME segment via humm pro

DELIVER PLATFORM EFFICIENCIES

• Instant credit decisioning with continual loss improvements driven by data and scale

• Leadership in funding and securitisation to gain competitive advantage and improve capital efficiency

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| MARKET CONTEXT

BNPL 1.0 BNPL 2.0 (INITIATION) (GROWTH & OPEN LOOP)

BNPL 3.0 (PARTNERSHIPS)

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| OUR CUSTOMER PROPOSITION

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| OUR MERCHANT PROPOSITION

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| OUR VALUE PROPOSITION

LOW-VALUE, SHORT TERM PLANS

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MERCHANT PAYER FUNDED SIZE $1 – $2k TERM 2 months Fashion Retail VERTICALS Jewellery Beauty

BLENDED FUNDING ~70% Merchant // ~30% Consumer[1] $1 $30k 2.5 months 72 months Retail // Luxury retail // Dental // Solar Home improvement // Clothing Auto // Veterinary Nil ~11% 1. humm AU

Nil

APR

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| OUR VALUE PROPOSITION

LOW-VALUE, SHORT TERM PLANS PERSONAL LOANS/TRADITIONAL CREDIT MERCHANT BLENDED FUNDING CONSUMER PAYER FUNDED FUNDED ~70% Merchant // ~30% Consumer[1] SIZE $1 – $2k $1 $30k Up to ~$75k TERM 2 months 2.5 months 72 months Up to 60 months Retail // Luxury retail // Dental // Solar Fashion Retail Travel Cars VERTICALS Home improvement // Clothing Jewellery Beauty Refinancing Auto // Veterinary APR Nil Nil ~11% 30%+ 1. humm AU

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| TOTAL ADDRESSABLE MARKET

	Total addressable retail market (A$1.9t)	Total addressable retail market (A$1.9t)	Total addressable retail market (A$1.9t)	Total addressable retail market (A$1.9t)
$77b	$91b		$349b	$613b		$778b
	‘Big things’ total addressable market (A$500b+)2
Home &	Home Improvement	$69b	$74b	$59b	$2b	$2b
Health		$13b	$63b	$55b	$5b	$5b
Automotive		$12b	$51b	$11b	$7b	$3b
Luxury		$4b	$7b	$2b	$1b	$1b
Personal loans		$8b	$55b1	$38b	$2b	$1b

1. Total personal loan balance. 2. Figures based on a range of sources and management estimates.

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HUMMGROUP INVESTOR DAY // 27 OCTOBER 2021

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| CLEAR PARTNER OF CHOICE

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THE BNPL/CREDIT PARTNER OF CHOICE FOR BLUE CHIP COMPANIES
RELIABLE INNOVATIVE RESPONSIVE TRUSTED
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We deliver We lead in product We don’t have Blue chips attracted
development fintech arrogance to our inherently
strong and profitable
business model
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| GROWTH TARGETS

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FY21 MEDIUM-TERM [1] TARGETS
$2.7b $>2x FY21
Volume Volume
$443.9m $~2x FY21
Gross income Gross income
$2.6b ` $~2x FY21
Average net Average net
receivables receivables
$68.4m $100m+ [2]
CNPAT CNPAT
54.6% Sub 40%
Cost to income Cost to income
1. Medium-term refers to a timeframe of between 3-4 years. 2. Includes impairment provision with current coverage ~3%.
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Expanding the reach of instalment payments

New merchants and platforms in current markets

| STRATEGY FOR GROWTH

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Driving customer
engagement
Driving customer
engagement and
transaction frequency
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New audiences International New products expansion New partnerships

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Finding new Expansion into
audiences through new markets
partnerships forour
innovative products
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INSTALMENT PRODUCTS OVERVIEW

The Founders Live for cashflow

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The Shoppers Live life adding to cart The Balancers Live in the moment The Amplifiers Live life making what they have go further

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| PRODUCT OVERVIEW

PRODUCT	PRODUCT DESCRIPTION	AU	NZ	IE	CA	UK	TOTAL ADDRESSABLE MARKET (A$m)
humm • Buy Now Pay Later • The product going global • Our traditional BNPL product allowing for purchases of up to A$30,000 to be paid in instalments ✓ ✓			✓ ✓	✓ ✓	✓ ✓	✓ $500b+ opportunity in ‘Big things’ key verticals ✓
bundll • Buy Now. Pay Later. Anywhere • The debit card replacement • Everyday purchases with no minimum spend • Consumer pays a fee for additional repayment time • No merchant services fees ✓ ✓			✓ ✓	 X	 X	 $450b X
Cards (humm90/ New Zealand Cards) • Credit card with instalment payment features for purchases above $250 • 90+ days interest free • Up to 60 months interest free with selected retail partners ✓ ✓			✓ ✓	 X	 X	 $297b X
hummpro • Business credit card replacement • Buy now pay later for small business • Consumer pays model ✓ ✓			✓ ✓	 X	 X	 $30b X

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| CROSS-SELL/CUSTOMER ACQUISITION STRATEGY

MEDIUM-TERM CROSS-SELL OVERLAPS (ILLUSTRATIVE)

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Buy your way
‘Big things’ A line of credit with the flexibility
to convert to
fixed instalments
Buy over time
Buy for
Used for a specific
business
purchase at a
specific merchant
‘Little things’
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FY21 CURRENT CROSS-SELL

18% overlap between humm (‘Big things’ and ‘Little things’) 25% of bundll customers have humm

3% overlap between Cards and humm

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MEDIUM-TERM TARGETS EXPECTED ECO-SYSTEM CROSS-SELL

30%+ overlap between humm (‘Big things’ and ‘Little things’)

35%+ of bundll customers have humm

15%+ overlap between Cards and humm

FREQUENCY AND ACCESSIBILITY

Cross sell rates represents Australian consumer products only.

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| THE POWER OF ONE (VIDEO)

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| THE POWER OF ONE

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| HUMM OFFERS A SIMPLE AND SAVVY WAY OF BUYING THOSE BIGGER GOODS OR SERVICES CUSTOMERS WANT OR NEED IN THEIR LIFE

HUMM AUSTRALIA (LITTLE THINGS)	FY20	FY21	MEDIUM-TERM TARGETS
Volume (A$m) 90.9 178.7 ~3.5x FY21
Product yield (%)1 19.32 17.02 ~39.03
Net loss/volume (%) 8.0 2.2 <2.5
Cost of funding/borrowings (%) 3.4 3.1 ~4.0

HUMM AUSTRALIA (BIG THINGS)	FY20	FY21	MEDIUM-TERM TARGETS
Volume (A$m) 553.4 553.4 ~1.25x FY21
Product yield (%) 19.32 17.02 ~17.03
Net loss/volume (%) 5.0 2.9 <2.5
Cost of funding/borrowings (%) 3.4 3.1 ~4.0

MARKET OPPORTUNITY

A true companion to the ‘Big things’ wallet targeting the $349b retail market.

MARKET OPPORTUNITY

$100b across higher value transaction verticals: health, automotive and home improvement as well as being a more consumer friendly personal loan alternative.

OUR ASPIRATION

Become the leading single instalment payment provider for merchants wishing to offer only one finance solution to customers (‘Big things’ and ‘Little things’) in verticals such as health, automotive, and big box retail.

OUR STRATEGY FOR GROWTH

1. Increase places to shop via humm marketplace and drive transaction frequency to 10x in the medium-term.

2. Provide value to merchants by driving humm customers to transact at a higher transaction value and on a repeat basis.

3. Shift revenue to include greater interchange and customer fees.

OUR ASPIRATION

Targeting 1m customers with an open ‘Big things’ wallet across Australia and New Zealand over the longer-term.

OUR STRATEGY FOR GROWTH

1. Position as the Bigger Buy Now Pay Later – and the savvy alternative to person loans.

2. Target practice management software and point of sale integrations in key verticals.

3. Demonstrate value to merchants by driving conversions and higher transaction values from humm customers.

4. Protect yield through an ever-increasing blended revenue model of merchant service fees, interchange and customer fees.

5. Gross income / average net receivables. 2. Yield on a blended basis across both ‘Little things’ and ‘Big things’. 3. Based on volume written during the year.

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|[BUY NOW. PAY LATER. ANYWHERE. ] REPLACES THE DEBIT CARD

BUNDLL AUSTRALIA AND NEW ZEALAND	FY20	FY21	MEDIUM-TERM TARGETS
Volume (A$m) 13.1 117.2 >6x FY21
Income/volume (%) 1.5 1.8 ~4.0
Net loss/volume (%) 1.9 6.2 <2.0
Cost of funding/borrowings (%) N/A N/A ~4.0
Repeat transactions (p.a.) N/A 97.1 ~2x FY21

MARKET OPPORTUNITY

Adds BNPL functionality to the debit card product to target a market of $450b across Australia and New Zealand.

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|[THE ONLY BUY NOW PAY LATER ] DESIGNED FOR BUSINESS

HUMMPRO AUSTRALIA AND NEW ZEALAND		FY21	MEDIUM-TERM TARGETS
Volume (A$m) 4.7 ~100.0
Income/volume (%) 0.4 6.0+
Net loss/volume (%) 0 <2.0
Cost of funding/borrowings (%) N/A ~4.0
Repeat transactions (p.a.) N/A 45+

MARKET OPPORTUNITY

Low cost working capital to support the 2.9m SMEs across Australia and New Zealand.

OUR ASPIRATION

OUR ASPIRATION

Be the payment solution of choice for partners to offer customers instalment payments.

OUR STRATEGY FOR GROWTH

1. Dual acquisition strategy: Direct to customer and partnership distribution.

2. Leverage new features including stored balances, split bills and broader personal financial management tools.

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The process of signing up is easy, and there’s more control on payments as well as expenditures.

To become an indispensable cash flow tool for small business.

OUR STRATEGY FOR GROWTH

1. Continued investment in marketing – digital and traditional channels.

2. Cross-sell to flexicommercial brokers.

3. Ongoing Xero integration and additional plugins.

4. Expanding payment features through invoice payments (EFT) and cash withdrawals.

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hummpro is so easy to use. I like that extra bit of cashflow.

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| PRODUCT SUMMARY

HUMM90	FY20	FY21	MEDIUM-TERM TARGETS
Volume (A$m) 596.5 416.9 >2x FY21
Interest bearing balances (%) 57.2 58.9 60%+
Product yield (%) 16.7 19.2 >FY21
Cost of funding/borrowings (%) 3.3 3.3 ~4.5%
Net loss/ANR (%) 4.5 4.3 <4.0%

PRODUCT DESCRIPTION

humm 90 is a new breed of credit card, providing longer interest free periods, up to 60 months interest free at selected retailers and the ability to convert any purchase over $250 to an interest free instalment payment plan.

MARKET OPPORTUNITY

• 13.7m Australians spending $24.8b a month on credit cards.

OUR ASPIRATION

To drive customer usage to 12x a month delivering volume of over 2 times FY21 volume a year over the medium-term, with 60%+ of balances becoming interest bearing.

OUR STRATEGY FOR GROWTH

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The plans are also easy to set up and useful for spreading expenses out over time for a nominal cost.

1. Increase direct to customer acquisition.

2. Embed long term interest free options into ecommerce check-outs.

3. Leverage loyalty programs and offers to drive transaction frequency to make humm 90 front of the digital wallet.

4. Cross-sell initiatives from existing products.

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I love all the little sneaky offers to save money! It’s great.

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| PRODUCT SUMMARY

NEW ZEALAND CARDS	FY20	FY21	MEDIUM-TERM TARGETS
Volume (A$m) 750.6 695.4 $950m+
Interest bearing balances (%) 60.0 60.0 60.0+
Product yield (%) 19.3 19.3 ~FY21
Cost of funding/borrowings (%) 3.9 3.2 ~4.0
Net loss/ANR (%) 3.2 4.0 ~4.0

PRODUCT DESCRIPTION

The New Zealand Cards portfolio is an established and seasoned business consistently generating strong profits and today issuing one in every three cards in the New Zealand market in 4Q21.

Brands span Q Mastercard; Farmers Mastercard and Flight Centre Mastercard.

MARKET OPPORTUNITY

• 2.8m New Zealanders spending $3.5b a month on credit cards.

OUR ASPIRATION

Leading integrated credit and BNPL proposition in New Zealand.

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Very good option for a quick solution when you need some cash. The 3, 6 months interest free is amazing – gives you time to catch up with finances

OUR STRATEGY FOR GROWTH

1. Engaging and encouraging limit utilisation of existing customers with the introduction of new features: instalment plans and balance transfers.

2. Embed long term interest free options into ecommerce check-outs.

3. Migrating closed loop Q Card customers to Q Mastercard to enable spend anywhere.

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We had Q Card for a year, and it has allowed us to access our home Reno’s a lot quicker with a finance opportunity. Thank you.

1. Cross-sell initiatives from existing products.

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PARTNERSHIPS

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| PARTNERSHIP RATIONALE

FOR HUMM GROUP

FOR ENTERPRISES

CAPITAL LIGHT 01 | Capital light model

CAPITAL LIGHT BANKS LOYALTY RETAILERS SCHEMES 01 | Capital light model PROGRAMS 02 | LOW CUSTOMER ACQUISITION COSTS/FAST SCALING Access to high quality pre-qualified ` customers at a low cost 03 DEMAND FOR OUR Banks partnering with BNPL Loyalty programs partnering Merchants looking to BNPL Partnering with BNPL in | TECHNOLOGY to attract Millennials and to drive engagement to drive sales changing payments Gen Z landscape Unsolicited enquiries from more than 20 local and global banks, loyalty programs and retailers. Active discussions are ongoing

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| PARTNERSHIP MODELS

JOINT VENTURE

DISTRIBUTION

OUTSOURCED

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• A distribution agreement for bundll to be marketed by Westpac to its customers

• Distribution only model

• humm group manages the product day to day and earns fees based on key metrics

• Mitre10/Home Hardware: Retailers marketed by Westpac to its customers reducing trade account financing • Low cost of customer acquisition, leveraging

• • Velocity: Velocity members can collect Westpac NZ customer base

• Acquisition and marketing responsibilities with either partner / humm group or both

• Velocity: Velocity members can collect Westpac NZ customer base points • Potential to become an equity investment

• • Very low cost of customer acquisition through its subsidiary, Red Bird

LICENSING

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• Model where humm group’s market knowledge is limited

• Fee per transaction or fee as a percentage of volume

• Monthly fee for maintenance

• Via the Mastercard strategic agreement, we are currently in discussions with banks across more than 18 markets

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INTERNATIONAL EXPANSION

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| WHY WE BELIEVE WE CAN COMPETE AND WIN

WE’RE ‘BIG TICKET EXPERTS’

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Leveraging a scalable platform with significant credit and funding expertise which is not easily replicable

WE FOCUS ON UNTAPPED VERTICALS

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With a proven, highly rated instore customer experience we increase ATV and conversions for merchants

WE HAVE ESTABLISHED ’ MERCHANT RELATIONSHIPS IN KEY MARKETS

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Entry into new markets via merchant ‘pull’ across retail, health and travel to offer humm in the United Kingdom and Canada ~~`~~

WE’RE AN ETHICAL LENDER

Competitors revolving credit products charging >30% APR and high late fees

WE’RE LEVERAGING ONE POINT OF INTEGRATION TO SERVICE MULTIPLE MARKETS

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Embedded in practice management software, POS and payment gateways – one connection multiple points of distribution

WE HAVE A SWIFT PATHWAY TO PROFITABILITY

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Our unit economics, especially in bigger ticket items, will be superior with profitability forecast over the medium-term

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HUMMGROUP INVESTOR DAY // 27 OCTOBER 2021

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| BNPL MARKET OPPORTUNITY

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----- Start of picture text -----

GLOBAL CANADA UK
£240+
US$680 BILLION C$50
BILLION BILLION
will be spent by global consumers using ePOS of the total represents the opportunity in Canada Outstanding credit debt in the United Kingdom as at
finance/Buy Now, Pay Later (BNPL) over specifically, [2] with a 30% growth rate over the last year 2020.
e-commerce channels in 2025, representing a 92% alone.
increase over 2019. [1]
1. INSIDER INTELLIGENCE, The Buy Now Pay Later Report, 2021. 2. Euromonitor Consulting Data Compilation for Visa Inc. ($CDN). 3. Woolard Review, February 2021.
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HUMMGROUP INVESTOR DAY // 27 OCTOBER 2021

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| CANADA AND UNITED KINGDOM: HOW OUR PRODUCTS WORK

We enable seamless approvals for purchases big, small or business related. Empowering consumers to choose how they wish to pay, with flexible terms from five fortnightly payments through to 72 months.

CANADA

UK

LITTLE THINGS	LITTLE THINGS	BIG THINGS	LITTLE THINGS	LITTLE THINGS	BIG THINGS
Time to pay	6 fortnightly payments	6 months to 60 months	Time to pay	5 fortnightly payments	6 months to 72 months
Monthly fee	Nil	$1 – $5 depending on retailer and plan	Monthly fee	Nil	£1 – £3.50
Setup fee	Nil	$0 – $200 depending on retailer and plan	Setup fee	Nil	£10 – £45
Late payment fee	Nil	Nil	Late payment fee	£7	£7
Credit bureau inquiry	Soft	Hard over $17,500	Credit bureau inquiry	Hard	Hard

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HUMMGROUP INVESTOR DAY // 27 OCTOBER 2021

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| CANADA: OUR DIFFERENTIATED OFFERING

NO MINIMUM PURCHASE AMOUNT	✓	X	X	X	X	X	X	X
LITTLE THINGS	✓	✓	✓	✓	✓	✓	X	X
BIG THINGS	✓	X	X	✓	X	✓	✓	✓
FLEXIBLE PAYMENT PLANS	✓	X	X	✓	X	✓	✓	✓
NO-FEE PRODUCTS	✓	✓	✓	✓	✓	✓	X	X
HIGH LIMITS > C$20K	✓	X	X	X	X	X	✓	✓

1. Peers includes a combination of BNPL and credit cards.

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HUMMGROUP INVESTOR DAY // 27 OCTOBER 2021

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| UNITED KINGDOM: OUR DIFFERENTIATED OFFERING

NO MINIMUM PURCHASE AMOUNT	✓	✓	✓	X	X	✓	✓	X
LITTLE THINGS	✓	✓	✓	✓	✓	X	✓	X
BIG THINGS	✓	X	X	X	✓	X	✓	✓
FLEXIBLE PAYMENT PLANS	✓	✓	✓	✓	X	✓	✓	✓
NO-FEE PRODUCTS	✓	✓	✓	✓	✓	✓	✓	✓
HIGH LIMITS £30K	✓	X	X	X	X	X	X	✓

1. Peers includes a combination of BNPL and credit cards.

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HUMMGROUP INVESTOR DAY // 27 OCTOBER 2021

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| UK AND CANADA

HUMM UNITED KINGDOM AND CANADA	MEDIUM-TERM TARGETS
Volume (A$m) ~5x FY22
Product yield (%) 12.0+
Net loss/volume (%) ~3.0
Cost of funding/borrowings (%) ~5.0

PRODUCT DESCRIPTION

humm ‘Big things’ offers a simple and financially savvy way of buying those bigger goods or services customers want or need in their life.

MARKET OPPORTUNITY

~$400b across higher value transaction verticals in health, automotive, home and home improvement as well as personal loans.

OUR ASPIRATION

Targeting 3m customers over the longer-term.

OUR STRATEGY FOR GROWTH

FY22 forecast Cash NPAT: A$-12m to $-14m

Investments in platforms, marketing, people and credit performance.

FY22 forecast volume: ~A$150m

Subject to regulatory approvals.

1. The Bigger Buy Now Pay Later – an ally for life’s expenses with a significant market opportunity to displace white label credit cards with a more transparent and simple financing arrangement.

2. Targeting practice management software and POS integrations across health, automotive and trade services.

3. Grow point of sale distribution with a construct that blends merchant and customer fees that delivers incremental sales for merchants.

4. Equal focus on instore customer experience (and swift approvals) along with ecommerce.

Target to be profitable over the medium-term

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COMMERCIAL AND LEASING

HUMMGROUP INVESTOR DAY // 27 OCTOBER 2021

COMMERCIAL & LEASING

| NZ COMMERCIAL DIVESTMENT

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Following significant market Divestment is subject to any The current New Zealand Any proposed transaction interest, humm group is proposed sale meeting ` Commercial portfolio will not impact the successful currently exploring a possible management’s valuation consists primarily of laptops, Australian flexicommercial divestment of the expectation telecommunications and broker led commercial asset New Zealand Commercial office equipment with finance lending business business an ATV of $9,000

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| OUR CUSTOMERS AND VALUE PROPOSITION

THE MARKET OPPORTUNITY

THE TARGET AUDIENCE

OUR POSITIONING

DIFFERENTIATION

NEW INITIATIVES

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HUMMGROUP INVESTOR DAY // 27 OCTOBER 2021

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| BROKER TESTIMONIAL

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In our opinion, flexicommercialdo three things very well.

First, distribution. They’re a broker only distribution model. They focus on specialist equipment finance brokers and give them the comfort of not competing with them. Brokers come up against channel conflict with almost every other lender which makes the broker wary. flexicommercial’s broker only model is a competitive advantage for them.

Second, product. They have a simple well-designed product with a credit team that is dependable, predictable and repeatable. Brokers need predictability. Brokers have dozens of options so they simply need to know what the lender will and will not buy. flexicommercialdoes this well.

Third, service. They provide this via well trained BDMs with knowledge of the credit appetite and the influence to escalate transactions where necessary. The other factor with regards to service is access to and communication with credit. `

Do these three things well and price is no longer a major consideration.

For example, we put two deals to flexicommercialon the second last day of the financial year which was settled the very next day. These deals were originally placed with major lenders and pulled because the broker was not confident that those lenders could settle the transactions prior to 30 June which was critical for the end borrower to receive the instant tax write-off.

A LEADING SYDNEY BASED COMMERCIAL ASSET FINANCE BROKER

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HUMMGROUP INVESTOR DAY // 27 OCTOBER 2021

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| STRONG GROWTH SINCE REORIENTING THE BUSINESS

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----- Start of picture text -----

COMMERCIAL AUSTRALIA VOLUME (A$M)
188.3
166.6
119.7
95.1 96.9
82.3
`
66.8
62.7
38.2
1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22
Experienced team with a credible track record of delivering business transformation
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HUMMGROUP INVESTOR DAY // 27 OCTOBER 2021

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| CHANGING PORTFOLIO ORIGINATION MIX (VOLUME)

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----- Start of picture text -----

FY19 FY21 MEDIUM-TERM TARGETS
`
60% Commercial Lending 100% Commercial Lending 100% Commercial Lending
26% Commercial Leasing 65% Primary 55% Primary
14% Managed Services 25% Secondary 30% Secondary
10% Tertiary 15% Tertiary
55% BROKER ORIGINATED 100% BROKER ORIGINATED
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HUMMGROUP INVESTOR DAY // 27 OCTOBER 2021

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|PRODUCT SUMMARY

FLEXICOMMERCIAL AUSTRALIA	FY20	FY21	MEDIUM-TERM TARGETS
Volume (A$m) 263 465 1,000+
Number of transactions 3,930 6,142 ~2x FY21
Average term (months) 52 50 55+
Product yield (%) 12.3 11.6 ~9%
Average receivables (A$m) 374 566 >3x FY21
Cost of funding/borrowings (%) 4.7 3.4 ~4.0

PRODUCT DESCRIPTION

Equipment finance primarily comprising of chattel mortgages to fund the purchase of revenue generating assets for small to medium businesses.

MARKET OPPORTUNITY

$41b market.

OUR ASPIRATION

Targeting $1.0b+ in volume over the medium-term.

OUR STRATEGY FOR GROWTH

1. To be the best service provider to brokers.

2. Straight through processing of up to 60% of applications to continue to deliver the service proposition at scale without adding significant labour cost.

3. Focus on specific sub-regions where the market is underrepresented.

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1. Increase return on equity through funding efficiency.

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FINANCIALS

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| EQUITY MARKET VALUATION COMPARISONS

ESTABLISHED BUSINESSES

GROWTH BUSINESSES

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PE Multiple[1]

EV / Revenue Multiple[2,3]

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----- Start of picture text -----

10.7x
9.4x
8.4x 8.5x AVG
7.0x
8.8x
Peer 1 Peer 2 Peer 3 Peer 4 Peer 5
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----- Start of picture text -----

10.1x
6.9x
AVG
4.6x
2.3x
1.4x
Peer A Peer B Peer C Peer D
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FY21 Established Businesses CNPAT = $67m

FY21 Growth Businesses Revenue = $121m

humm group market capitalisation today is $451m[4] with unrestricted cash on balance sheet of $65m[5]

1. FY21 earnings. 2. FY21 Revenue. 3. Enterprise value excludes non-recourse financing. 4. 22 October 2021. 5. 30 September 2021.

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| GROWTH TARGETS

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----- Start of picture text -----

FY21 MEDIUM-TERM [1] TARGETS
$2.7b $>2x FY21
Volume Volume
$443.9m $~2x FY21
Gross income Gross income
$2.6b ` $~2x FY21
Average net Average net
receivables receivables
$68.4m $100m+ [2]
CNPAT CNPAT
54.6% Sub 40%
Cost to income Cost to income
1. Medium-term refers to a timeframe of between 3-4 years. 2. Includes impairment provision with current coverage ~3%.
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HUMMGROUP INVESTOR DAY // 27 OCTOBER 2021

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| GROSS INCOME

INVESTMENT FOR GROWTH

• Expect BNPL to deliver up to 40% of gross income for humm group over the medium-term.

• Expect UK and Canada to represent at least 25% of gross income in the BNPL segment over the medium-term.

• Expect Commercial Australia to double FY21 gross income over the medium-term.

DISCONTINUED PRODUCTS

• Consumer Leasing gross income in FY21 of $14m with expected run-off to complete in September 2023.

• Once and Lombard (Australia Cards) average net receivables balance of $80.8m as at June 2021 (June 2020: $157.5m).

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----- Start of picture text -----

`
$100m+
$~2x FY21
$444m $68m
FY21 MEDIUM-TERM FY21 MEDIUM-TERM
TARGET TARGET
GROSS INCOME CASH NPAT
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HUMMGROUP INVESTOR DAY // 27 OCTOBER 2021

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| OPEX AND CREDIT

COST TO INCOME RATIO[1]

ACTIVITIES TO REACH SUB 40% CTI OVER MEDIUM-TERM

• Decommissioning legacy platforms of discontinued products.

• Re-platforming humm Australia and New Zealand to global tech stack.

• Continue to improve self-service capabilities.

• Automating further processes.

• Increase in overall marketing spend although at a much lower cost of acquisition per customer.

• Strong increase in gross income against operating expenses.

• Investment in international expansion will drive a moderate short-term increase in the cost to income ratio, with a continued focus on reducing core operational costs.

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----- Start of picture text -----

55%
48%
49%
44%
46%
41% 42%
39%
38%
FY19 FY20 FY21
`
CTI reported CTI - ex marketing CTI - ex marketing and depn
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CREDIT AND PROVISIONING

• Commitment to continue improving credit performance over the medium-term.

• With volume growth expected to double over the medium-term, CNPAT will be affected by increased provisioning.

• Going forward, the impacts of credit provisions will be clearly separated out.

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----- Start of picture text -----

GROUP 4.2% 4.1%
3.5%
NET LOSS / ANR
FY19 FY20 FY21
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1. Cost to income is calculated on a Cash NPAT basis by dividing total expenses (operating, marketing, employment, depreciation and amortisation) by net operating income (gross income, less interest expense and direct cost of origination).

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HUMMGROUP INVESTOR DAY // 27 OCTOBER 2021

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| IMPROVING CAPTIAL EFFICIENCY

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1
CAPITAL EFFICIENCY (%)
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----- Start of picture text -----

30.5%
22.8%
`
11.6% 11.4%
10.0% 10.5% 10.0%
6.8%
6.3%
humm AU Cards (AU & NZ) Commercial AU
FY19 FY21 Medium-term target
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1. Average direct capital employed / average net receivables.

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HUMMGROUP INVESTOR DAY // 27 OCTOBER 2021

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| FUNDING

HEADROOM TO FUND FUTURE GROWTH

• Strong balance sheet positioning the business for growth, with the ability to support forecast receivables growth in the UK and Canada.

• A$110m three year syndicated revolving loan facility providing maximum flexibility.

• Further diversification of key banking partners during FY21.

• Successful introduction of warehouse mezzanine funding during FY21 with additional warehouse mezzanine investments expected to settle in 1H22.

• Well diversified funding platform.

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$110m
$108m
$130m `
$15m
$975m
$648m
FY20 FY21
Warehouse headroom
Unrestricted cash
Undrawn corporate debt
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HUMMGROUP INVESTOR DAY // 27 OCTOBER 2021

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| SECURITISATION

GROWTH UNDERPINNED BY ACCESS TO SECURITISATION MARKETS

• humm group’s ability to access public securitisation markets is a competitive differentiator enabling diversification of funding sources and an extension of funding capacity beyond warehouse funding facilities.

• FY21 was a record year, with over $1b of asset-backed securities ( “ABS” ) issued.

• Increased securitisation activity Trans-Tasman continues to strengthen humm group’s brand across public markets, with strong support from existing and new domestic and offshore investors.

• Funding costs have benefited from conducive market conditions, increased issuance volumes and strong investor demand for asset-backed paper.

	FINANCIAL YEAR		ISSUANCE VOLUME (A$M)
	FY18		494.5
	FY19	`	582.2
	FY20		544.2
	FY21		1,043.3
	FY22 YTD		614.91

• Interest expense benefits driven by reduced margins are expected to extend into FY22 and FY23 with funding costs across public transactions locked in.

• Over $600m of issuance for FY22 expected to have settled by the end of October 2021, with both the NZ Cards ABS transaction in August 2021 and the recent flexicommercial ABS transaction upsized on account of strong investor demand. Both transactions priced inside of the previous issuances in 2H21.

• $547m of Climate Bond certified green bonds issued since 2016.

• Includes SME ABS securitisation in October 2021 that is expected to settle on 28 October 2021.

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HUMMGROUP INVESTOR DAY // 27 OCTOBER 2021

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| CAPITAL MANAGEMENT

DIVIDEND POLICY

• Board has approved recommencement of dividends with a payout ratio of 30% - 40% commencing in 1H22.

CASH POSITION

• Unrestricted cash as at 30 September of $65.2m.

• Unrestricted cash estimated to improve by $20m+ as at October month end, as a result of the expected completion of the $390m flexicommercial ABS transaction releasing in excess of $50m of capital. This cash will support growth forecasts over the coming months. `

`

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SUMMARY

HUMMGROUP INVESTOR DAY // 27 OCTOBER 2021

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| WHY YOU SHOULD THINK ABOUT BUYING HUMMGROUP SHARES

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We’re the only profitable BNPL player in Australia

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Benefit from a global niche financing bigger ticket items

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We’re a portfolio of strategic and successful businesses

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We’re not dependent on future equity issues to fund cash losses from growth

Accelerated growth as travel and in-store spending returns to normal

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Attractive compared to other equity market valuations

humm group is not licensed to provide financial product advice in relation to hummg roup shares. Prospective investors should obtain their own advice from a professional adviser who has regard to their own financial situation and needs. See disclaimer for an outline of some of the risks involved.

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HUMMGROUP INVESTOR DAY // 27 OCTOBER 2021

THANK YOU

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HUMMGROUP INVESTOR DAY // 27 OCTOBER 2021

| DISCLAIMER

This presentation has been prepared by humm group limited ACN 122 574 583 (“ humm group”).

No recommendation, offer, invitation or advice

This presentation is not a financial product or investment advice or recommendation, offer or invitation by any person or to any person to sell or purchase securities in humm group in any jurisdiction. This presentation contains general information about humm group only in summary form and does not take into account the investment objectives, financial situation and particular needs of individual investors. The information in this presentation does not purport to be complete. Investors should make their own independent assessment of the information in this presentation and obtain their own independent advice from a qualified financial adviser having regard to their objectives, financial situation and needs before taking any action. This presentation should be read in conjunction with humm group’s other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange. humm group is not licensed to provide financial product advice in relation to humm group shares or any other financial products.

Exclusion of representations or warranties

The information contained in this presentation may include information derived from publicly available sources that has not been independently verified. No representation or warranty, express or implied, is made as to the accuracy, completeness, reliability or adequacy of any statements, estimates, opinions or other information, or the reasonableness of any assumption or other statement, contained in this presentation. Nor is any representation or warranty, express or implied, given as to the accuracy, completeness, likelihood of achievement or reasonableness of any forecasts, prospective statements or returns contained in this presentation. Such forecasts, prospective statements or returns are by their nature subject to significant uncertainties and contingencies many of which are outside the control of humm group. Any such forecast, prospective statement or return has been based on current expectations about future events and is subject to risks, uncertainties and assumptions that could cause actual results to differ materially from the expectations described. Readers are cautioned not to place undue reliance on forward looking statements. Actual results or performance may vary from those expressed in, or implied by, any forward looking statements. humm group does not undertake to update any forward looking statements contained in this presentation. To the maximum extent permitted by law, humm group and its related bodies corporate, directors, officers, employees, advisers

and agents disclaim all liability and responsibility (including without limitation any liability arising from fault or negligence) for any direct or indirect loss or damage which may arise or be suffered through use or reliance on anything contained in, or omitted from, this presentation. They do not represent or warrant that this presentation is complete or that it contains all material information about humm group which a prospective investor or purchaser may require in evaluating a possible investment in humm group or acquisition of shares in, or securities of humm group.

Jurisdiction

The distribution of this presentation including in jurisdictions outside Australia, may be restricted by law. Any person who receives this presentation must seek advice on and observe any such restrictions. This document is not, and does not constitute, an offer to sell or the solicitation, invitation or recommendation to purchase any securities and neither this document nor anything contained herein shall form the basis of any contract or commitment. In particular, the document does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. The securities of humm group have not been, and will not, be registered under the US Securities Act of 1933 (as amended) (“Securities Act”), or the securities laws of any state of the United States. Each institution that reviews the document that is in the United States, or that is acting for the account or benefit of a person in the United States, will be deemed to represent that each such institution or person is a “qualified institutional buyer” within the meaning of Rule 144A of the Securities Act of 1933, and to acknowledge and agree that it will not forward or deliver this document, electronically or otherwise, to any other person. No securities may be offered, sold or otherwise transferred except in compliance with the registration requirements of applicable securities laws or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of applicable securities laws.

Investment Risk

An investment in humm group securities is subject to investment and other known and unknown risks, some of which are beyond the control of humm group. humm group does not guarantee any particular rate of return or the performance of humm group securities. humm group makes no representation about the underlying value of the investment opportunity in the company. All amounts are in Australian dollars unless otherwise indicated.

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