Slovar Limited — Investor Presentation 2021

Nov 17, 2021

AGM Investor Presentation

money3

Go Car Finance
Goes way further

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Money3 Group – Our Business units

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Consumer loans – Australia

• Sub Prime auto finance
• Strong organic growth
• Expect record demand

Consumer & Commercial loans Australia

• Acquired 2021
• Near Prime auto finance
• Monthly business volumes continue to grow

Go Car Finance

Goes way further

Consumer loans – New Zealand

• Acquired 2019
• All credit quality clients
• Significant growth in FY21 continuing into FY22

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Highlights - Q1 FY22

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Revenue

increased
34.9%
to $45.5m on pcp

New loan originations

(cash advanced)
57.8%
increase to $106.5m on pcp

Cash collected

increased
28.2%
to $109.0m on pcp

16.0% increase in Money3 business unit application inflow over pcp
72.9% increase in Q1 New Lending in Australian Operations (over pcp)

Q1 Gross Loan book

Increased to
$637.5m*
6.1% since Jun-21, 45.1% growth over pcp

EBITDA

increased
24.3%
to $24.0m over pcp

Leverage

(on net loan book)
58.6%
in Q1 compared to 50.3% in Jun-21

14.6% increase in Q1 Gross Loan Book in the newly acquired AFS business
Loan book grew significantly post Q1 lockdowns to $669.4m (as of release date)

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Achievements – FY21

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Credit Quality - Improving year on year

Improving Credit quality

• Strong
• Good
• Watch list
• Sub-standard
• Credit impaired

Also refer to note 19(b)(i) in the FY21 Annual Report

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Credit criteria improvement driving increased credit quality

Proportion of overdue receivables reducing - improving portfolio credit quality

One-off economic provision in FY20 is released throughout FY22 with new originations

Provision falling from 8.0% to 6.0% since FY20

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Diversified funding base (as of release date)

Multiple Banks supporting the Group's profitable growth

$669.4m in Gross Loan Book
(as of release date)

$461m in debt facilities from multiple banks

Existing facilities support loan book growth beyond $850m

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The future – Increasing addressable market

• Members Area - for existing customers, simplifying the process of buying their next vehicle
• Transport Solution - everything a customer needs to manage the maintenance and ownership of a vehicle via a Mobile application
• Driving productivity by amalgamating process across Business units

• Improving cost of debt funding
• Increasing leverage improving Return on Equity

• Leveraging distribution channels by providing commercial loans for small businesses wanting a vehicle to support their business
• Expanding the Groups addressable market

• Leveraging the Groups significant database for the provision of personal loans

• Seeking businesses that provide product or distribution expansion to the Group

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FY22 - Outlook

Market outlook

• Significant post lockdown demand
• Used vehicle supply and pricing stabilising across markets
• Not expecting price deflation until market supply chain issues for new cars resolves
• Strong demand as banks retreat from the sector

Financial outlook

• Forecast Net Profit After Tax AU$50.0 million
• Forecast Earnings Per Share of $0.23 cents
• Forecast approximately $800 million of Gross loan book at the end of the financial year

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Disclaimer

The content of this presentation has been prepared by Money3 Corporation Limited (the Company) for general information purposes only.

Any information included in this presentation on COVID-19's impact on future financial performance, including industry sectors, income, profit and employment types, represent estimates of management. However due to the unprecedented nature of the events, these views are inherently uncertain and Money3 takes no responsibility for the accuracy of such views.

Any recommendations given are general and do not take into account your personal circumstances and therefore are not to be taken as a recommendation or advice to you.

You should decide whether to contact your financial adviser so a full and complete analysis can be made in respect to your personal situation.

Whilst all care has been taken compiling this presentation neither the Company nor any of its related parties, employees or directors give any warranty with respect to the information provided or accept any liability to any person who relies on it.

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money3

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

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

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