PLENTI GROUP LIMITED — Investor Presentation 2021

Mar 16, 2021

ASX announcement (ASX:PLT) 17 March 2021

Plenti presentation to ASX Small and Mid-Cap Conference

Plenti Group Limited (ASX:PLT) attaches the presentation to be given by Plenti at the ASX Small and Mid-Cap Conference today at 2:00pm AEDT.

This release was approved by the Chief Executive Officer on behalf of the Plenti board of directors.

For more information, please contact:

Investors Media Daniel Foggo Miles Drury Julia Lefort Chief Executive Officer Chief Financial Officer Head of Corporate Affairs shareholders@plenti.com.au julia.lefort@plenti.com.au

0415 661128

About Plenti

Plenti is a fintech lender, providing consumers with finance options across large lending verticals of automotive, renewable energy and personal lending with efficient, simple and competitive loans delivered through a proprietary technology platform. Plenti is Australia's fastest-growing fintech consumer lender since its establishment in 2014.

For more information visit plenti.com.au/shareholders

17 MARCH 2021

Building Australia's best lender

ASX small & mid-cap conference

About Plenti

Plenti is a fintech lender, providing Australians with faster, fairer loans through smart technology.

Plenti recognises that customer expectations are evolving and believes every Australian should have access to high quality lending.

Leveraging its proprietary technology, Plenti delivers the best loans available, providing customers and investors with offerings in automotive, renewable and personal loans.

Since its establishment as RateSetter in 2014, Plenti has grown across all parts of its business including loan originations, lending verticals and funding capacity, and demonstrated its credit capabilities and ability to scale.

Plenti listed on the Australian Securities Exchange in September 2020.

Presenters

• 20+ years of fintech and investment banking experience
• Founder of PartPay (acquired by Zip)
• Formerly at Rothschild and Barclays

• Previously CFO of Caltex Retail division and General Manager Strategy for Caltex
• 14 years finance experience at UBS Investment Bank

Our strengths

• Proprietary, end-to-end technology provides a sustainable competitive advantage and supports growth and efficiency
• Diversified lending products and distribution provides flexibility and a broader opportunity set
• Diversified funding platforms provides resilience and scalable funding capacity
• Proven credit track record and capabilities

58% yoy loan

60% 3-year loan portfolio CAGR2 origination growth1

$508m loan portfolio3 62,000+ borrowers4

>$50m annual revenue 0.82% net loss rate5

A high-growth fintech pioneer

Track record of delivering strong, consistent growth

Growing rapidly in large lending markets

Building a comprehensive product offering across substantial lending verticals, each undergoing significant change

Technology-powered lending

Growth driven by superior customer and partner experiences, delivered via Venus, our proprietary technology platform

Venus technology platform

Delivering faster, easier loans to customers and distribution partners

Focused on prime borrowers

Prime loan portfolio drives industry-leading loss rates

Net charge-off rate Average credit score on loan portfolio 2

Notes: 1) Median credit score for fixed term personal loans, Equifax Consumer Update – November 2020. 2) Net charge-off rate calculated as actual loan receivables written off in the period net of loss recoveries divided by average loan portfolio value

7

Diverse, scalable funding platforms

Deep funding capacity with decreasing cost of funds

Warehouse funding

• Automotive warehouse

• $275m facility
• $121m of headroom as at 31 Dec
• Ability to upsize

• Personal loan and renewable energy finance warehouse

• Launched Dec-21 at initial $100m limit
• Ability to upsize

Plenti Lending Platform

• Over 23,000 registered investors, including retail, institutional, government investors

• Provide significant funding flexibility, allowing expansion into new verticals
• Provides significant funding diversity and scalability

Plenti Wholesale Lending Platform

• Funding provided directly by banks and Government entities
• Historically utilised to fund automotive loans
• Currently exclusively used for funding NSW Empowering Homes Program pilot

Deep, competitively priced funding Diverse, scalable, capital-light funding Flexible, specialist funding

Medium-term priorities

Continue to build scale

• Accelerate growth in loan originations
• Establish leadership position in core lending verticals
• Expand product suite
  • Renewable BNPL (launched in March)
  • Commercial automotive and renewable (in development)

Extend technology advantage

• Continue investment in proprietary technology platform
• Continuous improvement to credit decisioning capabilities including further automation
• Drive streamlined, efficient operations and operating leverage

Optimise funding structures

• Shift to lower-cost warehouse funding
• Further opportunities to optimise funding costs through term-out transactions

Positioned to excel

Disclaimer and important notices

No recommendation, offer, invitation or advice

The material in this presentation is general background information about Plenti Group Limited (the Company) and its subsidiaries, and is current at the date of the presentation, 17 March 2021.

The information in this presentation is of a general nature and does not purport to be complete or to provide all information that an investor should consider when making an investment decision. It should be read in conjunction with the Company's IPO prospectus and other periodic and continuous disclosure announcements lodged with the ASX, including the H1 FY20 Half Year Results announcement. Neither the Company nor its representatives have independently verified any data provided by third parties.

This presentation does not constitute advice (of any kind) to current or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. No representation is made as to the accuracy, completeness or reliability of the presentation. The Company is not obliged to, and does not represent that it will, update the presentation for future developments.

This presentation is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any securities in the Company. This presentation has been made available for information purposes only and does not constitute a prospectus, short form prospectus, profile statement, offer information statement or other offering document under Australian law or any other law. This presentation is not subject to the disclosure requirements affecting disclosure documents under Chapter 6D of the Corporations Act 2001 (Cth) and does not contain all the information which would be required in such a disclosure document.

Exclusion of representations or warranties

This presentation may contain certain "forward looking statements". Forward risks, uncertainties and other factors, many of which are outside the control of the Company, can cause actual results to differ materially from such statements. The Company makes no undertaking to update or revise such statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in any forwardlooking statements made.

To the maximum extent permitted by law, the Company 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.

Non-IFRS financial measures

Recipients of this presentation should also be aware that certain financial information included in this Presentation is "non-IFRS financial information" under ASIC Regulatory Guide 230: "Disclosing non-IFRS financial information". These measures include net loss rate, loan deferral rates, net charge-off rates, any "pro forma" measurements, average interest rates, average funding rates, cost to income ratios and loan portfolio amortisation rates. The Company believes this non-IFRS financial information may be useful to users in measuring the financial performance and conditions of the Company and its subsidiaries.

This non-IFRS financial information does not have a standardised meaning prescribed by the Australian Accounting Standards Board or the International Financial Reporting Standards Foundation, and therefore, may not be comparable to similarly titled measures presented by other entities, nor should it be construed as an alternative to other financial measures determined in accordance with Australian Accounting Standards or IFRS. Recipients of this presentation are therefore cautioned not to place undue reliance on any non-IFRS financial information included in this presentation. Further information regarding the non-IFRS financial information used in this presentation is included in this Appendix. Non-IFRS measures have not been subject to audit or review.

Investment risk

An investment in the Company's securities are subject to investment and other known and unknown risks, some of which are beyond the control of the Company. The Company does not guarantee any particular rate of return or the performance of the Company or an investment in it, nor does it guarantee the repayment of capital from the Company or any particular tax treatment. Before investing in the Company, you should consider whether this investment is suitable for you. Potential investors should consider publicly available information on the Company, carefully consider their personal circumstances and consult their professional advisers before making an investment decision.

All currency figures are in Australian dollars unless otherwise stated. Totals and change calculations may not equate precisely due to rounding.