Slovar Limited — Capital/Financing Update 2022

Oct 11, 2022

money3

ASX RELEASE

12 October 2022

NEW ZEALAND FUNDING EXPANDS - NZ$250m WAREHOUSE FACILITY

Money3 Corporation Limited (ASX: MNY, "Money3" or the "Company") is pleased to announce it has secured a NZ$250 million warehouse securitisation facility from a leading global bank for its New Zealand operations ("Go Car Finance" of "GCF").

The facility, which is in addition to the Company's existing facilities, provides the New Zealand business capacity to grow its loan book to in excess of NZ$500 million from NZ$217 million as of 30 September 2022.

Funding facility highlights:

• NZ$250 million warehouse facility supporting growth of New Zealand loan book, which is in addition to existing funding facilities of ~NZ$120 million,
• Globally recognised bank with anticipated ability to expand the facility as the New Zealand operations continue to grow its market share,
• The New Zealand business has grown its gross loan book by over 400% since acquisition in March 2019, and strong growth is anticipated to continue,
• When fully deployed, GCF’s costs of funds will reduce by ~100bps from current levels,
• This facility will make a significant contribution towards increasing Return on Equity (RoE) beyond 15%.

Money3’s Managing Director and CEO, Mr Scott Baldwin, said: “I am pleased we continue to execute on our strategy to transform the funding structure into a scalable and sustainable model. This facility will support the ongoing growth of the Go Car Finance business unit as lending growth in our New Zealand operations lifts heading into the Christmas period.

“Go Car Finance has achieved record profitable growth since acquisition, setting the standard for subsequent acquisitions. This facility creates the capacity to grow the loan book to in excess of NZ$500m in our NZ operations, a target milestone for the group in the medium term.”

Approved for release by the Board of Directors

For further information please contact:

Managing Director & CEO
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 Group is a market leading Consumer and Commercial finance company with over 20 years’ experience in Australia and New Zealand, having funded over $2 billion of vehicles and personal loans. Dominating the used-vehicle finance market, 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 to the Group.

Money3 Corporation Limited
ABN 63 117 296 143 Australian Credit Licence 389 782
Level 1, 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
NATIONAL SECURITIES BANK
www.afs.com.au
GoCarFinance
Australia Limited
www.gocar.co.nz