STEADFAST GROUP LIMITED — Investor Presentation 2018

May 2, 2018

3 May 2018

Market Announcements Office ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000

Dear Sir

MACQUARIE CONFERENCE PRESENTATION

Please see attached which will be presented at a Macquarie conference this morning.

Yours faithfully

Linda Ellis Group Company Secretary & Corporate Counsel

Steadfast Group Limited ABN: 98 073 659 677 ACN: 073 659 677 Level 4, 99 Bathurst Street, Sydney NSW 2000 t 02 9495 6500 f 02 9495 6565 www.steadfast.com.au

STRENGTH WHEN YOU NEED IT

3 May 2018

Steadfast Group Limited 2018 Macquarie conference

Presenter: Robert Kelly -Managing Director & CEO

Steadfast Network's key market

Intermediated general insurance

• Steadfast Network created over 22 years ago
• 31% share of Australian intermediated general insurance market by GWP1
  • Focused on general insurance (not health or life insurance)
• 2.3 million policies placed in FY17
• Advice not price driven brokers support clients to achieve the best coverage for their individual circumstances

Who are Steadfast's clients?

• Small-to-medium enterprises
  • Looking for expertise and specialised advice provided by an insurance broker
  • Ongoing support, particularly in the event of a claim
  • Long term relationships

Australian market – gross written premium1

Benefits of being a Steadfast Network broker

1. Size and scale

• Largest general insurance broker network in Australasia
• Strategic partnerships with major insurers
• Access to international markets to support clients
  • Steadfast Network in Asia and New Zealand
  • Equity stake in unisonSteadfast, a global general insurance broking network
    • International inbound and outbound referrals for brokers

Steadfast Network GWP ($bn)

Steadfast Network

$5.2bn CY2017 gross written premium

376 brokers in the Network

Major insurer partners

Benefits of being a Steadfast Network broker

2. Products and services

• Over 160 products and services available to and used by brokers
• Best-in-class policy wording
• Triage to support brokers in claim disputes
• Helplines available to brokers for legal, contractual liability, compliance and HR issues
• Erato professional indemnity program
• Marketing and sales support
• Accredited professional development days
• Steadfast Direct offering home, motor and landlords cover, a cross selling opportunity for brokers
• Exclusive access to Steadfast Placement Solutions for hard to place risks
• 7 complementary businesses supporting Steadfast brokers:

160+

Products and services available to Steadfast Network brokers

$200m GWP placed through Steadfast Direct since launch

7 Complementary business supporting Steadfast Network brokers

Steadfast Direct GWP ($m)

Benefits of being a Steadfast Network broker

3. Exclusive technology

• Steadfast Client Trading Platform (SCTP) – digital market place
  • Automated real-time interface with insurers; contestable market place
  • Market leading policy wording for clients
  • Supported by Steadfast Triage
  • Data analytics
  • Reduced technology and distribution costs for insurers
  • Improved remuneration for brokers
• INSIGHT – back office platform for brokers
  • Drives labour efficiency and reduces IT costs
  • Seamlessly integrates with SCTP

Recent developments

• QBE live on the SCTP from April 2018
• London 'super' binder live on the SCTP offering direct, automated link between Lloyd's of London and the Australian market
• Strata (condo) in testing as additional insurance line for SCTP

Insurers live on SCTP

Insurance lines live on SCTP

• Business pack
• Professional lines
• Liability
• Property
• Commercial motor

FY18 guidance FY18 guidance range reaffirmed

FY18 guidance range reaffirmed1 :

• Underlying EBITA of $160m-$170m
• Underlying NPAT of $72.5m-$77.5m

Upcoming events:

• Investor day focusing on technology offering
  • Melbourne Monday 28 May 2018
  • Sydney Wednesday 30 May 2018
• FY18 results announcement
  • Friday 24 August 2018

Underlying EBITA ($m)2

Underlying NPAT ($m)2

1 Also refer to the key risks on pages 37 – 39 of the Steadfast Group 2017 Annual Report. 2 FY13 and FY14 are pro-forma; FY15-FY18F are underlying.

Important notice

This presentation has been prepared by Steadfast Group Limited ("Steadfast").

This presentation contains information in summary form which is current as at 3 May 2018. This presentation is not a recommendation or advice in relation to Steadfast or any product or service offered by Steadfast or its subsidiaries and associates. It is not intended to be relied upon as advice to investors or potential investors, and does not contain all information relevant or necessary for an investment decision or that would be required in a prospectus or product disclosure statement prepared in accordance with the requirements of the Corporations Act 2001 (Cth). It should be read in conjunction with Steadfast's other continuous and periodic disclosure announcements filed with the Australian Securities Exchange, ASX Limited, and in particular the Steadfast 2017 Annual Report. These disclosures are also available on Steadfast's website at investor.steadfast.com.au.

To the maximum extent permitted by law, Steadfast, its subsidiaries and associates and their respective directors, employees and agents disclaim all liability for any direct or indirect loss which may be suffered by any recipient through use of or reliance on anything contained in or omitted from this presentation. No recommendation is made as to how investors should make an investment decision. Investors must rely on their own examination of Steadfast, including the merits and risks involved. Investors should consult with their own professional advisors in connection with any acquisition of securities.

The information in this presentation remains subject to change without notice. Steadfast assumes no obligation to provide any recipient of this presentation with any access to any additional information or to notify any recipient or any other person of any other matter arising or coming to its notice after the date of this presentation.

To the extent that certain statements contained in this presentation may constitute "forward-looking statements" or statements about "future matters", the information reflects Steadfast's intent, belief or expectations at the date of this presentation. Steadfast may update this information over time. Any forward-looking statements, including projections or guidance on future revenues, earnings and estimates, are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. Forward-looking statements involve known and unknown risks, uncertainties and other factors that are outside Steadfast's control and may cause Steadfast's actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forwardlooking statements. Any forward-looking statements, opinions and estimates in this presentation are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions. Neither Steadfast, nor any other person, gives any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements in this presentation will actually occur. In addition, please note that past performance is no guarantee or indication of future performance. Possible factors that could cause results or performance to differ materially from those expressed in forward-looking statements include the key risks on pages 37-39 of Steadfast Group's 2017 Annual Report.

Certain non-IFRS financial information has been included within this presentation to assist in making appropriate comparisons with prior periods and to assess the operating performance of the business. Steadfast uses these measures to assess the performance of the business and believes that the information is useful to investors. Non-IFRS information, including underlying P&L items, pro-forma P&L items, underlying earnings before interest expense, tax and amortisation of acquired intangibles (EBITA), underlying NPAT, underlying net profit after tax but before (pre tax) amortisation (NPATA1 ), underlying EPS (NPAT) (NPAT per share) and underlying EPS (NPATA) (NPATA per share), have not been subject to review by the auditors. FY13 and FY14 results are pro-forma and assume the Pre-IPO Acquisitions and the IPO Acquisitions were included for the full reporting period (all of the IPO Acquisitions completed on 7 August 2013). Prior period underlying EPS (NPAT) and underlying EPS (NPATA) have been adjusted to reflect the re-basing of EPS post the February/March 2015 1:3 rights issue. All references to Aggregate refer to the 100% aggregation of all investees' results regardless of Steadfast's ownership interest.

This presentation does not constitute an offer to issue or sell securities or other financial products in any jurisdiction. The distribution of this presentation outside Australia may be restricted by law. Any recipient of this presentation outside Australia must seek advice on and observe any such restrictions. This presentation may not be reproduced or published, in whole or in part, for any purpose without the prior written permission of Steadfast.

Local currencies have been used where possible. Prevailing current exchange rates have been used to convert local currency amounts into Australian dollars, where appropriate. All references starting with "FY" refer to the financial year ended 30 June. All references starting with "1H" refers to the financial half year ended 31 December. "2H" refers to the financial half year ended 30 June.