STEADFAST GROUP LIMITED — Investor Presentation 2019

Apr 30, 2019

1 May 2019

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 afternoon.

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

THE STRENGTH YOU NEED

Steadfast Client Trading Platform

Update on performance

• Automated contestable market place creating improved competition and coverage for clients
• ~$500m of GWP expected to be transacted through the platform in FY19
• 300+ brokerages have used the SCTP
  • 5,000+ individual users
• Average quote-to-bind rate of ~32% across all classes
• Insurer retention rate of ~87%
• Positive feedback from brokers on platform efficiency with full market view and data analytics creating further opportunities for brokers to advise their clients

unisonSteadfast

Medium term opportunity

• unisonSteadfast is a global insurance broker network with 230 brokerages across 130 countries generating over US$25bn of GWP annually
• Steadfast Group has a 40% equity holding, with a dedicated senior resource managing the relationship with unisonSteadfast
• unisonSteadfast does not operate either as a buying group with insurers or offer the products and services that the Steadfast Network does;
  • Opportunity for Steadfast to use existing relationships with global insurers to coordinate product distribution across unisonSteadfast, worldwide
  • In time, Steadfast intends to roll out products and services for unisonSteadfast including proprietary Steadfast technology (such as INSIGHT and SCTP)

Recent activity

• Completed analysis of global GWP generated by unisonSteadfast brokers
• Met with strategic insurance brokers across various countries
• Met with senior executives at global insurers to discuss improved distribution through the unisonSteadfast network

Steadfast Group investment activity

FY19 to date

• Investment activity in FY19 to date:
  • 10 new equity holdings (including 3 'greenfield' start ups)
  • 9 equity 'step-ups' in existing holdings
  • 2 'hubbings'
• Equity investments include:
  • CBN authorised representative network
  • HMIA heavy vehicle underwriting agency
  • Macquarie Pacific Funding (renamed IQumulate) acquired remaining 50%
• All subject to acquisition criteria based on cultural fit, strategic alignment and financial performance
• Multiples paid for acquisitions generally in-line with historic range
• Strong pipeline of opportunities
• Unutilised debt facility of ~$85m currently available (plus free cash flow)

FY19 guidance FY19 guidance confirmed

• FY19 guidance range1 :
  • Underlying EBITA of $190 million $200 million
  • Underlying NPAT of $85 million $90 million
• Guidance also subject to:
  • Insurers continuing to drive moderate premium price increases
  • Increasing contribution from SCTP
  • Ongoing technology investment

Underlying EBITA ($m)2

Underlying NPAT ($m)2

1 Refer to the key risks on pages 37 – 39 of the Steadfast Group 2018 Annual Report. 2 FY13 and FY14 are pro-forma; FY15-FY19F are underlying.

Questions

Important notice

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

This presentation contains information in summary form which is current as at 1 May 2019. 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 Group 2018 Annual Report. These disclosures are also available on Steadfast Group'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 forward-looking 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 2018 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.