STEADFAST GROUP LIMITED — Investor Presentation 2025

Mar 24, 2025

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25 March 2025

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

Dear Sir

Investor Presentation

We refer to our letters of 5 and 24 March 2025.

Please find attached slides.

A recording of the presentation will be made available on the investor website approximately 48 hours after the event.

This announcement is authorised by the Steadfast Disclosure Committee.

All queries in relation to this announcement should be directed to:

Shalome Ruiter Steadfast Group Limited EGM – Investor Relations and ESG 0404 811 847

Yours faithfully

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Duncan Ramsay Company Secretary

Steadfast Group Limited ABN: 98 073 659 677

Level 4, 99 Bathurst Street, Sydney NSW 2000 PO Box A980, South Sydney NSW 1235 T +61 (02) 9495 6500 W steadfast.com.au

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Steadfast Group (ASX:SDF) Steadfast Convention

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Investor Briefing

25 March 2025

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Agenda

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8:30 AM Opening Robert Kelly AM 8:35 AM Overview Nigel Fitzgerald

8:45 AM Steadfast Broking Tim Mathieson

9:00 AM Steadfast Underwriting Agencies Mark Senkevics 9:15 AM Subsidiary Performance Rhiannon Toohey 9:30 AM Operations Noelene Palmer 9:45 AM Strata Panel Alistair Gibney, Michael Giansiracusa & Kimberley Jonsson 10:00 AM Q&A 10:20 AM Break 10:30 AM Steadfast International Samantha Hollman & Nick McKee 10:45 AM ISU Steadfast & HWS Specialty Daniel McCarthy & Steven Rudduck 11:00 AM Q&A 11:20 AM Closing Robert Kelly AM

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Robert Kelly AM Founder, Managing Director & Chief Executive Officer

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Nigel Fitzgerald Chief Operating Officer

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Tim Mathieson

Chief Executive Officer – QIB Group

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Tim Mathieson joined Steadfast Group in 2015 and has over 25 year’s industry experience, most recently as CEO of QIB Group, one of the largest insurance broking groups in Australasia.

He was previously Head of Broker Network at Steadfast and prior to this held several leadership roles with QBE Insurance which he joined as a graduate in 1998.

He holds an MBA, Master of Insurance and Risk Management, and Bachelor of Commerce. He is an ANZIIF Fellow, AICD Graduate and director of more than 20 companies, including the Steadfast Foundation.

Tim has been appointed as Chief Executive Officer – Australasia Broking effective 1 May 2025.

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Steadfast Australasian Broker Networks Broker office footprint

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15
57
Asia
NT 408
QLD
WA
SA
NSW 516 135
21
105 VIC ACT
177
New Zealand
481 30 30
TAS
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The Steadfast Network is comprised of Insurance Brokers & Authorised Representatives

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1,975 broker offices Broker offices across Australia, New Zealand and Asia

409 Network Brokers

AU$12.9b GWP in CY24

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QIB Group

QIB Group Holdings Pty Ltd is an 82.51% owned subsidiary of Steadfast Group Ltd

QIB Group Holdings Pty Ltd QIB Services Pty Ltd QIB Corporate Pty Ltd QIB Commercial Pty Ltd QIB Specialty Pty Ltd Employing entity and AFSL holder with focus AFSL holder with focus AFSL holder with focus provider of shared on mid-market to on SME and retail clients on industry specialty professional services: corporate clients clients • Finance • Technology • HR • Training • Compliance • Marketing

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“House of Brands”
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QIB’s acquisition track record

Since 2021, QIB Group has acquired 18 businesses, all have grown

FY21 Regional Insurance Brokers Pty Ltd Austcover Pty Ltd Joe Vella Insurance Brokers Pty Ltd Transport and General Pty Ltd Aus Funding Solutions Pty Ltd

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FY22 Candor Insurance Group Pty Ltd Stempel Pty Ltd Shane Tibbs and Assoc Pty Ltd Bill Owen Insurance Brokers Pty Ltd

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FY23

Oceanic Marine Risks Pty Ltd Poole General Insurance Brokers Pty Ltd Aviation Insurance Australia Pty Ltd Finpac Insurance Advisors Pty Ltd Nerang Insurance Advisory Centre Pty Ltd Rose Stanton Pty Ltd

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FY24

Wide Bay Insurance Brokers Pty Ltd AFA Insurance Brokers Pty Ltd Webmere Pty Ltd (Steadfast NSG) Aviator Risk Pty Ltd

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$67m of Revenue acquired, grown to a combined $85m

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QIB’s strong financial performance

QIB Group – Revenue & GWP ($m)

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500
400
300
200
100
0
FY20 FY21 FY22 FY23 FY24 FY25
Revenue GWP
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5 x Gross Written Premium since FY21

GWP has increased from $102m in FY21 and has now surpassed $520m on a rolling 12 basis

4 x Revenue since FY21

Revenue has increased from $22.3m in FY21 and forecast to exceed $85m by end of FY25

35.5% FY24 EBITA margin

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QIB’s key achievements since FY21

None of us is as good as all of us, joining TOGETHER has enabled us to achieve more

▪ Increased staff numbers from 84 to 297

PEOPLE

▪ Improved employee engagement score (eNPS) from 13 to 35 ▪ Hubbed 5 Brisbane offices into 1 - now occupied by over 100 broking staff

▪ Reduced the number of Australian Financial Services Licenses (AFSL) from 9 to 4 ▪ Restructured the company to reduce the number of subsidiaries from 42 to 33 ▪ Implemented standard “best practice” broking procedures across all entities

PROCESS

▪ Delivered over 5% annual organic growth in Gross Written Premium now totaling over $500m ▪ Acquired 18 broking businesses which have all grown since completion ▪ Consolidated insurer license agreements implemented key partner carrier agreements

PRODUCT

▪ Migrated all 18 businesses (100,000+ policies) onto INSIGHT broking system ▪ Increased business package policies on SCTP from 32.6% (FY21) to 48.7% (FY24) ▪ Deployed 300+ new laptops and installed new modern IT networks in 25 offices

PLATFORM

▪ EBITA growth and margin sustainability PROFIT

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Steadfast Australasian Broker Networks

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The value of insurance broking continues to grow and remains a good investment

Strong growth in CAGR across Australian intermediated general insurance and Steadfast network market share

80.0

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70.0
60.0
50.0
40.0
30.0
20.0
10.0
-
FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24
Steadfast Network Market Share Intermediated Non-intermediated
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Steadfast Group Product and Insurer Mix – 1[st] Half FY25 Base Premium is up ~7% on pcp with a diversified insurer portfolio

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Rural & Farm
QBE
Construction & +11.6%
+ 1%
Engineering
Business Pack
+11.6%
+3.2%
Other CGU
+8.8%
+7.9%
Statutory Covers Strata
+11.6% +5.7% 1H25 Allianz
1H25
Insurer +14.1%
Product
Mix
Other
Mix
Insurers
Professional Risks Vero
& MGAs
-1.8% Commercial Motor +16%
+7.6%
+16.1%
Chubb
Liability +2.1%+
Zurich
+7.2%
+2.8%
AIG
Retail
ISR -2.2%
+8.7%
+8.7%
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Broker advocacy for clients is driving value to the intermediated insurance market

The Australian intermediated GI market has grown from 44% in FY15 to c.56% in FY24

Insurers have a lot of priorities to balance which increases a broker’s value:

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Increased prudential regulation and Shareholder ROC expectations

Conduct regulation / societal pressure to limit excessive profits

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Increasing ‘risk’ complexity to maintain profit

Legacy technology and operational complexity

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Product complexity for business insurance has not improved

The average BizPack policy is 120+ pages, which can take 3+ hrs to read

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Broker usage has increased from 69% to 84% (2018 – 2025)

Vero SME Index 2025

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People and Technology will unlock the value

Our technology enables a contestable marketplace, generating a market leading competitive advantage with over 7,500 users

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Steadfast Client Trading Platform Gross Written Premium

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1,500 $1,403m
1,400
1,300
$1,171m
1,200
1,100
1,000 $945m
900
800 $793m $788m
700
$638m
600
500
400 $440m
300
200 $231m
100
$98m
0
$40m
$1m
FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 1H25
H1 H2
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Broker Networks are our primary objective

We provide market leading services that enable brokers to deliver superior customer service. This builds trust for Steadfast to become their preferred acquisition partner.

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Broker earns Brokers pay Steadfast
commissions & fees annual membership fee ($)
Client Broker Steadfast
Client receives Steadfast employees provide
superior customer service Market-leading capabilities and service
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Erato
Premium Complementary
Funding Services
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Mark joined in July 2024 and is responsible for Steadfast Group’s MGA strategy, including direct responsibility for our 100% owned Steadfast Underwriting Agencies.

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Mark Senkevics

Executive General Manager – Underwriting Agencies, ART, Reinsurance and Life

He is also responsible for the Alternative Risk Transfer businesses including overseeing Mutual and Captive Management. He leads the underwriting and placement of our Professional Indemnity Program ERATO and supports our Claims, Reinsurance and Life businesses.

With over 25 years’ experience in the re/insurance industry, Mark held extensive leadership roles at Swiss Reinsurance. He was Managing Director and Head of Property & Casualty Underwriting in APAC and previously Managing Director and Head of ANZ, leading Swiss Re's Life and Property and Casualty businesses.

Mark has served on Boards and Committees of the Insurance Council of Australia and the Financial Services Council. He holds a Bachelor of Engineering (Electrical) from the University of Sydney and is a Graduate of the Australian Institute of Company Directors.

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The rising sophistication of MGAs

Presents an attractive, trusted, efficient way for Insurers to deploy capital into segments they could not nimbly target themselves

We are seeing an ongoing rebalancing from Insurers towards MGAs

MGA’s share increasing due to serviceability, risk appetite, relationship & channel conflict

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% Share of SDF Network GWP
14
12
10
8 60.4%
61.3%
62.7%
6
65.7%
66.6%
4
39.6%
2 38.7%
37.3%
33.4% 34.3%
-
FY20 FY21 FY22 FY23 FY24
MGAs Insurers
Billions
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Profitable growth focus on maintaining underwriting discipline, active retention and targeted new business The MGA market in Australia is estimated to be $10bn* GWP

Network gross written premium

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2.5 $2.3b
$2.1b
2.0
$1.8b
$1.5b
1.5 $1.3b
$1.2b
$1.1b
$0.9b
1.0
$0.8b
$0.7b
0.5 $0.4b
$0.1b
0.0
Pf FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 1H25
H1 H2
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If comparing to October 2023 APRA data, Steadfast Underwriting Agencies would be equivalent to 6[th] largest Australian insurer by GWP^

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• Source: Macquarie Bank 2024

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^ Steadfast Underwriting Agencies operate as Managing General Agents of Insurance carriers and are responsible for the distribution of the insurance product.

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Steadfast Underwriting Agencies Portfolio is highly diversified providing good sustainability and growth prospects

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Personal Strata Commercial Property, Specialist Commercial Specialty Insurances – Marine,
Insurance Insurance Liability, Finpro Insurances Insurances Engineering, Cyber, Aviation
HNW HOME STRATA FINPRO LIAB EVENT EQUIPMENT MARINE MOBILE PLANT MARINE
SPECIALITY PROP CREDIT JEWELLERS CONSTRUCTION
MOTOR MOTOR AFFINITY
100% 98% 100% 100% 79.99% 90% 88.91% 51%
PROP LIAB COMMERCIAL A&H CYBER LIAB PI
PROP ENG STRATA MOTOR AVIATION
HOME STRATA
LIAB FINPRO
70% 45% 100% 90% 70% 50% 50% 39.5%
% | SDF % Ownership (FY24)
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% | SDF % Ownership (FY24)

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Premium cycle – Our actions Focus on delivering earnings growth

Initiatives & Horizons

Description

▪ Focus on retention and new business. Pricing adequacy is strong & focus is on retaining the best risks​ Portfolio Action ▪ 1 Diverse portfolio of retail and commercial brands immunises against rate movement & Diversification ▪ Proactive engagement with Brokers prior to renewal of risks

2

3

▪ Strengthen accountability for MGA leadership

Profit ▪ Benchmarking performance across MGAs (refer Subsidiary Performance) ▪ Optimisation Product and service optimisation – integration of 100% owned commercial MGAs ▪ Transfer of binder business placed by third party brokers to HWS Specialty ▪ New product, new markets - e.g. Researching US for specialty lines and utilisation of ISU distribution.​ Maximise Growth ▪ Targeted acquisition seeking geographic or product to build scale and diversification for mid to large Opportunities sized MGAs.

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▪ Build long term, mutually profitable relationships to ensure sustainable carrier support Carrier Refreshed carrier strategy to establish fewer, deeper relationships. ▪ Relationships Evolve IT and data analytics to offer best in class risk selection, pricing, portfolio steering and reporting ’ ▪ Ensure compliance to satisfy APRA CPS230 & Lloyd s Operational Resilience obligations

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Sure Insurance Update from 2024 Investor Day

Focus on enhancement of product expansion, claims services and technology uplift to futureproof distribution and market access to Sure products

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People, Processes & Systems – Continuous Improvement Model

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Event Finalisation – Jasper and Kirrily - implement future event readiness learnings

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Growth –
Duality of Organic and
New Opportunities
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New Claim Lodgment Process & Broker Claims portal for claims lodgments via Sure Insurance website

Dedicated broker Claims Team & Broker Only Claims Hotline

Home & Content Product - Progressed national carrier & partnership discussions

Strata Product Increased Property Limit & New Binder Provider

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Systems Enhancement To Drive Growth, Customer Services and Operational Productivity Efficiencies

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MGA Capital Management Through Binder and Reinsurance Management and Acquisition

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6
Leverage Steadfast
Growth and
Operational
Efficiency Advantages
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Technology system migration for SCTP & Sunrise integration to futureproof broker distribution

Leveraging Steadfast Group relationships to support binder renewals

Utilisation of Steadfast Group legal and compliance capability, including Goldseal services

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Building a stronger business to support our broker partners to continue strong organic growth and improve margin

Data & Analytics/ Actuarial Analysis

Carrier Relationships

Maximise Value

Working with the OneData team to continuously improve our data insights for better pricing & client outcomes

Building deeper relationships with Insurers for long term sustainability

Utilising HWS Specialty for binders and open market placement

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Regulatory Response

Supporting MGA Growth

People Development

Updating our risk and operational controls for APRA CPS230 and Lloyd’s Operational Resilience requirements

Organic - New product offering and channels. Acquisition – seeking new opportunities

Continuous development of people to improve underwriting and service, including appointment of key MGA leadership roles

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Rhiannon Toohey

Rhiannon Toohey was appointed as Head of Subsidiary Performance in April 2024.

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Rhiannon has worked for Steadfast Group for 6 years, with extensive experience across Steadfast Group Finance and Operations & Acquisitions. During her time at Steadfast, Rhiannon has built longstanding relationships with Steadfast subsidiaries, with ongoing engagement and consultation provided to subsidiary CEOs and CFOs.

Rhiannon is a member of the Chartered Accountants Australia and New Zealand (CAANZ). She holds a Bachelor of Business from the University of Technology Sydney and a Certificate in Executive Management and Development from AGSM UNSW Business School.

Head of Subsidiary Performance

Before joining Steadfast Group, Rhiannon was an external auditor at KPMG focusing on the financial services sector.

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A strong focus on margin optimisation and Subsidiary performance

As we continue to grow our unique owner operator decentralised model, we are integrating more capabilities to apply our rich insights and best practices across our Network

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JUNE 2024

• Appointed - Head of Subsidiary Performance

• Established - Steadfast Subsidiary Council

• Proactively utilising our collective data to create actionable insights

• Sharing best practices and learnings across the cohort to cross-pollinate value

• Focused R&D shared services where it increases capability and/or margin improvement

MARCH 2025

• Established - Subsidiary Performance Team

• Implemented - Formalised benchmarking & analysis to proactively identify margin improvement initiatives

• Established - Subsidiary Performance & Operations Steering Committee to execute margin improvement initiatives with Subsidiaries

• Effective coordination with improved operational expertise for Subsidiary benefit

• Subsidiary Council 2025 confirmed

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Strategic integration of Network Insurance Group and Insurance House Unique opportunity presented by the respective CEOs of Network Insurance Group and Insurance House

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Operational benefits

Combined Strength

$100m

Revenue

m $800

GWP

60,000+

Valued Clients

Expected Outcomes

Margin improvement uplift

Better positioned for growth (organic & inorganic)

Subsidiary Performance Stewardship

Collaborative Culture

Integration opportunity developed by respective CEOs, and supported by Steadfast

Steadfast Validation

Methodical decision with strategic engagement from idea formation to execution

On oin g g

Steering committee to ensure value, client and cultural objectives are achieved with representatives from Steadfast, Network Insurance Group and Insurance House

Combined experienced & seasoned executive team enhancing efficiency & effectiveness

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Broader business reach, better positioned for organic & inorganic growth

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Technology cost efficiency & business automation potential

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Steadfast’s Decentralised Model

Our commitment is to be stewards to small, medium and large businesses

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Operating
best practices
Operational Shared amongst operating
frameworks equity businesses
Subsidiary Performance &
Operational Excellence “Build once
and share”
Leverage Steadfast’s
size and scale
Accountability Entrepreneurialism
Empowering businesses to be No ‘one size fits all’ with
accountable for business diversity in product, clients,
performance geography, people & insurer
relationships
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Subsidiary Performance & Operations

Innovation Continuous improvement, reducing stagnation in thought & processes Copyright © 2025

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Continued focus on margin improvement initiatives aligned to a decentralised organisation

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IDENTIFIED AREAS OF OPPORTUNITY

KEY FOCUS AREAS

Ongoing review and analysis of Group and Subsidiary EBITA margins and identification of scalable solutions including:

• Revenue v expense sustainability Balancing sustainable revenue and expense growth, to drive EBITA margin improvement

• Interest income

• Organic growth opportunities Client retention and customer acquisition growth

• Travel and entertainment

• Telecommunications

• Strategic investments To achieve sustainable, long-term performance

• Office leasing

• IT spend

• Workforce efficiencies

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Noelene Palmer joined Steadfast Group in July 2024 as the EGM Operations.

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Noelene Palmer

Executive General Manager – Operations

Noelene has worked in in financial services for almost 25 years in Australia, London and Hong Kong. This included working across the insurance ecosystem for the first 18 years of her career, including in general insurance, life insurance and reinsurance. She has held senior leadership roles within several large organisations, including IAG, TAL, Swiss Re and KPMG.

Before joining Steadfast Group Noelene held the role of COO for Swiss Re Australia and COO for the Financial Crime and Fraud Prevention team at Westpac.

Noelene holds an MBA and a Bachelor of Communications and Laws.

Noelene has been appointed to Chief Operating Officer effective 1 July 2025.

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Operations Vision Delivered through specialist execution-focussed capability

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DELIVERY CAPABILITY

Committed to for Driving Value Steadfast, as specialists in operational management and frameworks, with a focus on Supporting Growth, and Reducing Risk Enhancing Efficiency

• Strategy Execution

• Project Management Office

• Operational Assurance

• Procurement

• Internal Audit

• ▪ Corporate Affairs

• ▪ Strategic Risk Management

Recognising there is great expertise across the Group, we will seek to leverage and replicate wherever possible

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Maximise the strength of Steadfast: Steadfast Group Strategy 2025-2027

OUR MISSION

OUR PURPOSE

OUR VISION

Together we strengthen the future of our people, businesses and the communities we serve

Deliver valued and differentiated service to our customers and stakeholders by being the market leader and innovator in insurance services and risk management

Continually growing Shareholder value by running market-leading Broker Networks and Underwriting Agency group in our chosen geographies

OUR VALUES

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KEY PILLARS OF OUR STRATEGIC PLAN

Drive Shareholder value

Pursue growth with entrepreneurial spirit and commercial excellence to generate targeted returns over the short and long term

Deliver market-leading services and solutions

Provide quality products & services to the Steadfast Broker Networks, resulting in better outcomes for clients

Maximise strategic and operational effectiveness

Realise the full potential of our Businesses by operating with a high level of collaboration and discipline

Together, make Steadfast a great place to work

Foster a diverse and inclusive culture with strong leadership to enhance employee engagement and drive performance

Strengthen industry relationships

Maintain market-leader status with insurer partners to maximise mutual success while being respected and trusted by Regulators and industry bodies

STEADFAST GROUP FY25 STRATEGIC PRIORITIES

• Continue to evolve and upgrade our People Strategy

• Continue with strong evaluation of ISU/USA opportunity and execute our London investment plans

• Refresh Australasian Trapped Capital approach and establish BAU principles

• Mature and improve our Subsidiary/Divisional strategic and performance support

• Strengthen the engagement, use of our core services and relationship management of Network(s) members and Capacity Providers

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People

Strengthening CEO Direct Reports

Upgraded People Strategy to attract and retain performance driven capability

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Ferzana Yale

EGM - People Steadfast Group

Reward & Establish Maintain a Grow Our Wellbeing is Recognition Winning Culture People Brilliant Basics our Priority for Performance

The strength of Build capabilities our culture will for today and the allow us to retain future and attract outstanding talent, delivering on our People promise

Remuneration Establish strong The safety & framework will People wellbeing of all allow us to retain foundations, our People is and attract creating the paramount and outstanding talent platform for owned by all to achieve our growth strategic objectives

GROUP AND SUBSIDIARY PRIORITIES

• Talent retention and acquisition

• Succession pipeline

• Remuneration benchmarking

▪ Leadership continuity and growth

• Be an attractive employer

▪ Good people disciplines

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Technology Strengthening CEO Direct Reports

Continued focus on our technology competitive advantage

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David Gillespie Chief Technology Officer Steadfast Group

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Enterprise IT
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Insurtech

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Artificial Intelligence Data and Analytics

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Strata Status

Review complete, comfort on governance, focus on embedding Operating Expectations

From 1H25 Results

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Strata Panel

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Alistair Gibney

Managing Director – BCB Strata Insurance Brokers

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Michael Giansiracusa

Chief Executive Officer – Whitbread Insurance Brokers

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Kimberley Jonsson

Chief Executive Officer – CHU Underwriting Agencies

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Q&A

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Samantha Hollman

Chief Executive Officer – International

Samantha has 30 years' experience in the insurance industry including 25 years at Steadfast. She was COO from 2016 - 2023, directing and managing operational activities of the organisation and ensuring the implementation of the overall strategy.

Samantha was promoted in April 2023 to the new role of CEO – International and is responsible for planning and executing the company’s international strategy. Samantha is a Board Director of Steadfast companies in the US and UK, and on the Supervisory Board of global network UnisonSteadfast.

Nick McKee

Chief Operating Officer – International

Nick joined Steadfast Group in October 2023 as Chief Operating Officer, International. He has extensive global leadership experience in insurance and other areas of financial services and was based in New York for more than 20 years.

Previous roles include Head of Strategy & Corporate Development for Marsh & McLennan Companies and Head of Financial Institutions - Direct Private Equity for CPP Investments. Nick holds degrees in commerce an ~~d~~ law.

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International Expansion Strategy International team

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Samantha Hollman Nick McKee Eimear McKeever
CEO International COO International CFO International
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Dan McCarthy
CEO - ISU Steadfast
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Steve Rudduck CEO - HWS Specialty

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Steadfast Group

More than 645 network brokers globally with ~AU$25b¹ premium (excluding UnisonSteadfast)

• UK

• USA ▪ Specialist Wholesale Broker

• ▪ Agency Network Germany

• Singapore Australia ▪ Broker Network ▪ Broker Network ▪ MGAs ▪ MGAs ▪ Equity in brokers ▪ Complementary Businesses ▪ Equity in brokers New Zealand ▪ Broker Network ▪ MGAs ▪ Complementary Businesses ▪ Equity in brokers

• Broker Referral Network

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39 Copyright © 2025 ¹ Exchange rate AU$1.00: USD$0.64, 24 February 2025.

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Steadfast International Businesses

Financial and operational highlights

Financial highlights – 1H25

Operational highlights

• ISU Steadfast

• ISU Steadfast performed ahead of expectations in 1H25

• ⁻ 27 new agents joined CY24; network members now 235

• Strong revenue growth, with profit sharing growth of 15% in CY24

• ⁻ New CEO appointed – internal promotion

• ⁻ ISU Group rebranded ISU Steadfast

• ISU Steadfast currently on track to outperform the full year FY25 EBITA target

• ⁻ Third largest agency network in US (by member agency revenue) – Insurance Journal 2024

• ⁻ Awarded 5-star Networks and Alliances - Insurance Business America

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• ⁻ 50+ member visits to build trust and develop opportunities

• H.W. Wood - Rebranded HWS Specialty

• ꟷ Settlement of acquisition in December 2024

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• ꟷ Steadfast Placements, H.W. Wood and HWI France will rebrand to HWS Specialty and come under the management of HWS in London

Strong management teams located in USA and London provide basis for further expansion

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Steadfast International Businesses

Strategic growth opportunity

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International Growth Opportunity
ISU Steadfast Network
+
UnisonSteadfast Network
+
Acquisition opportunities
+
London Wholesale Broker – HWS Specialty
+
MGA expansion
+
Binder management
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ISU Steadfast

United States

In October 2023, Steadfast acquired 100% of ISU Group, a leading independent agency network. Rebranded to ISU Steadfast in August 2024.

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Snapshot

• 46 employees

• 235 members located across

• 40 states

• Licenced in all 50 states

• US$7b in premiums generated by members of which ~ US$5.1b is P&C

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• 60 insurance carrier contracts

Network Members

• Average annual revenue: US$3m

• Business mix: 75% Commercial; 25% Personal

• Clients: Small commercial and individuals

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Priority Focus Areas ISU Steadfast Network

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NETWORK
GROWTH
MARKET ACCESS &
CONSOLIDATION
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AGENCY
PERPETUATION
TECHNOLOGY
SOLUTIONS & DATA
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INCREASE CARRIER CONSOLIDATION
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HWS Specialty

London

In December 2024, Steadfast acquired 100% of H.W. Wood, a specialist wholesale broker.

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Snapshot

• 100 employees

• Head office in London with satellite offices in Greece and France

• Specialist wholesale broker

• Lloyd’s Broker

• Previously H.W. Wood, rebranded HWS Specialty

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Why?

• Significantly expand our London market scale and capabilities

• Provide London market access to Steadfast network brokers and agencies globally

• Ability to develop unique products to help brokers and agencies differentiate

• Bring our London binder management in-house

• Integrate our Steadfast Placements team and offer a strong talent attraction and development platform for the future

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Priority Focus Areas HWS Specialty - key focus areas over the next 12 months

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1 3
2
Develop
Build out
distribution
Property and
strategy,
Casualty teams
Establish including network
delegated engagement
underwriting
capabilities to
support Steadfast
binders and other
opportunities
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Summary of International Opportunity A long runway of future growth opportunities

1. Build compelling network offering for independent agencies in US to attract and retain members 2. Support our networks globally with London market access and specialty product development 3. Develop our talent and capabilities across all our geographies 4. Evaluate acquisition opportunities to accelerate our growth 5. Remain disciplined and build the business for the long term

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Daniel McCarthy

Chief Executive Officer – ISU Steadfast

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Daniel serves as the Chief Executive Officer of ISU Steadfast Insurance Agency Network, where he brings over 37 years of experience in the insurance and financial services sectors.

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Dan is recognised for his strategic leadership and his ability to drive innovation within the industry, particularly through the integration of technology into insurance operations.

Prior to his current role, Dan held senior executive positions where he was instrumental in building underwriting systems, advancing claims processing, risk management, and operational efficiencies.

He also founded Insurex, a successful national commercial insurance brokerage that was later acquired by NSM Insurance Group.

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Steven Rudduck

Steve began his insurance career in 1986 at Tyser & Co before joining H W Wood in 1999 to develop the Marine team into what became the flagship of the business.

During his 25-year tenure, Steve was appointed Managing Director in 2014 and latterly Co-CEO of the HWI BV Group.

Following the transaction with Steadfast in December 2024 and rebrand to HWS Specialty, Steve remains as CEO and working with his wider management team to bring together the HWS strategy.

Chief Executive Officer – H.W.S Specialty

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Robert Kelly AM Founder, Managing Director & Chief Executive Officer

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Executive bench strength (effective 1 July 2025)

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Robert Kelly
Founder,
Managing Director &
Chief Executive Officer
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Stephen Humphrys Noelene Palmer Tim Mathieson Mark Senkevics Samantha Hollman David Gillespie Duncan Ramsay Ferzana Yale
Chief Executive Officer - EGM – UW Agencies, Chief Executive Officer - General Counsel &
Chief Financial Officer Chief Operating Officer^ Broking Australasia ART, Reinsurance & Life International Chief Technology Officer Company Secretary EGM - People
Shalome Ruiter Peter Roberts Nick Cook Nick McKee
EGM - Investor Relations EGM - New Zealand, Chief Operating Officer -
& ESG EGM - Business Solutions Singapore and Broker Services International
Jeff Papps Eimear McKeever
EGM – M&A and Chief Financial Officer -
Subsidiary Performance International
John O’Herlihy
EGM – M&A and
Subsidiary Performance
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• Commences May 2025 ^ Effective July 2025

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Delivering on IPO strategy of organic and acquisition growth Steadfast remains well positioned to continue delivering sustainable growth

1. Organic growth strategies being implemented, regardless of premium cycle

2. Trapped Capital acquisition pipeline is robust Solid International base to build from 3. 4. Disciplined strategy execution by highly skilled executive team

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Q&A

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Important notice

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

This presentation contains information in summary form which is current as at 25 March 2025. 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 ASX Limited, in particular the Steadfast Group 2024 Annual Report, available 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 is under no obligation to update any forward-looking statements contained within this presentation, subject to applicable disclosure requirements. 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 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 principal key risks on pages 50 – 51 of Steadfast’s 2024 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 income statement items, pro forma income statement items, underlying earnings before interest expense (after premium funding interest income and expense), tax and amortisation of acquired intangibles (EBITA), underlying NPAT, underlying net profit after tax but before (pre tax) amortisation (NPATA), 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. Underlying EPS (NPAT) and underlying EPS (NPATA) for FY20 have been calculated as if all shares issued in FY20 pursuant to the IBNA acquisition and PSF Rebate acquisition were issued on 1 July 2019. To ensure comparability, underlying EBITA also deducts the interest expense on lease liabilities and depreciation of right-of-use assets from 1 July 2019.

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.

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.

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Thank you

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