Slovar Limited — Capital/Financing Update 2021

Aug 25, 2021

money3

ASX RELEASE

26TH AUGUST 2021

GO CAR FINANCE DOUBLES FACILITY FROM HEARTLAND BANK ACCELERATING PROFITABLE GROWTH

Highlights:

• Warehouse facility from Heartland Bank doubled in size to NZ$80 million supporting the Go Car Finance business unit (“GCF”) of the Group.
• This, coupled with a NZ$400,000 interest cost reduction across the facility when fully drawn, provides a strong endorsement of the business model.
• Over A$460 million in funding facilities available to the Group, from multiple banks, providing a strong runway for ongoing profitable growth.
• GCF’s loan receivables grew ~90% during financial year 2021 and is anticipated to continue growing at a strong rate throughout FY22.

Money3 Corporation Limited (“Money3” or “the Group”) (ASX: MNY) is pleased to announce it has doubled its existing funding facility from Heartland Bank to NZ$80 million, to support the New Zealand based GCF business unit. The upsized facility, combined with the Group’s additional facilities from multiple banks supports the Group’s strong growth trajectory toward a $1bn loan book.

Money3’s Managing Director and CEO, Scott Baldwin, said: “GCF achieved record lending volumes in FY21 as a result of leveraging the Group’s broad distribution channels and balance sheet strength. The upsized facility will support further expansion of GCF into FY22”.

The upsized, NZ$80 million warehouse funding facility from Heartland Bank follows the AU$250 million warehouse securitisation facility recently provided by Credit Suisse and the AU$100 million funding facility from a major Australian bank”.

“In the past 12 months, the Group has significantly expanded its banking relationships to fund ongoing growth in automotive finance. The Group has facilities from multiple banks, providing it with diversified funding sources”.

Heartland Bank’s CEO, Chris Flood, said: “Heartland Bank is pleased to continue its support of Go Car Finance with further funding for the growth of its New Zealand automotive loan book. This funding is consistent with Heartland Bank’s strategy to diversify our business lending, and consistent with our long history of motor vehicle finance in New Zealand.”

Authorised for release by the Chairman of Money3 Corporation Limited.

-ENDS-

Money3 Corporation Limited

ABN 63 117 296 143 | ACL 389 782

40 Graduate Road, Bundoora VIC 3083

+61 3 9093 8255 | info@money3.com.au

Money3.com.au | Investors.Money3.com.au

money3

www.money3.com.au

A T E X A L I C T O M I T I V E R I C H A U R G E N T S G E S

www.afs.com.au

Go Car Finance

www.gocar.co.nz

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money3

GO CAR FINANCE DOUBLES FACILITY FROM HEARTLAND BANK

ACCELERATING PROFITABLE GROWTH

ASX RELEASE

26TH AUGUST 2021

For further information please contact:

Managing Director
Mr Scott Baldwin
+61 3 9093 8255
s.baldwin@money3.com.au

Chief Financial Officer
Siva Subramani
+61 3 9093 8246
s.subramani@money3.com.au

Investor Relations
Simon Hinsley
+61 401 809 653
simon@nwrcommunications.com.au

ABOUT MONEY3 CORPORATION LIMITED (ASX: MNY)

Money3 is a market leading Consumer and Commercial finance company with over 20 years' experience in Australia and New Zealand, having funded over $2.0 billion of vehicles and personal loans. Dominating the used-vehicle finance market, in 2021 the group expanded its product offering into new and commercial vehicle lending, a total market opportunity exceeding $40 billion across both countries. Delivering a unique customer experience from loan application to the final loan payment the group leverages technology to provide a seamless process from a broker, online or directly from MNY.

Money3 Corporation Limited
ABN 63 117 296 143 | ACL 389 782
40 Graduate Road, Bundoora VIC 3083
+61 3 9093 8255 | info@money3.com.au
Money3.com.au | Investors.Money3.com.au

money3
www.money3.com.au
AUTOMOTIVE
BUSINESS
AUTOMOTIVE
BUSINESS
www.afs.com.au
GoCar Finance
www.gocar.co.nz