WISR LIMITED — AGM Information 2016

Nov 16, 2016

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Annual General Meeting November 2016

DIRECTMONEY LIMITED (ASX: DM1)

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Disclaimer and important notice

This presentation was prepared by DirectMoney Limited (ACN 004 661 205) (Company). This presentation is provided for information purposes only and has been prepared without taking account of any particular reader’s financial situation, objectives or needs. Nothing contained in this presentation constitutes investment, legal, tax or other advice. Accordingly, readers should, before acting on any information in this presentation, consider its appropriateness, having regard to their objectives, financial situation and needs, and seek the assistance of their financial or other licenced professional adviser before making any investment decision. This presentation does not constitute an offer, invitation, solicitation or recommendation with respect to the subscription for, purchase or sale of any security, nor does it form the basis of any contract or commitment.

Except as required by law, no representation or warranty, express or implied, is made as to the fairness, accuracy or completeness of the information, opinions and conclusions, or as to the reasonableness of any assumption, contained in this presentation. By reading this presentation and to the extent permitted by law, the reader releases each entity in the Company and its affiliates, and any of their respective directors, officers, employees, representatives or advisers from any liability (including, without limitation, in respect of direct, indirect or consequential loss or damage or loss or damage arising by negligence) arising in relation to any reader relying on anything contained in or omitted from this presentation.

Any forward looking statements included in this presentation involve subjective judgment and analysis and are subject to significant uncertainties, risks and contingencies, many of which are outside the control of, and are unknown to, the Company. In particular, they speak only as of the date of these materials, they assume the success of the Company’s business strategies, and they are subject to significant regulatory, business, competitive and economic uncertainties and risks. Actual future events may vary materially from forward looking statements and the assumptions on which those statements are based. Given these uncertainties, readers are cautioned not to place undue reliance on such forward looking statements.

The Company, or persons associated with it, may have an interest in the securities mentioned in this presentation, and may earn fees as a result of transactions described in this presentation.

This document is not an offer to sell or a solicitation of an offer to subscribe or purchase or a recommendation of any securities.

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Chairman’s Address

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Company Overview

• Listed in 2015 (ASX: DM1)

• New Chairman as at September 2016 (and 3 New Board Members in FY16)

• New CEO as at October 2016

• Only listed marketplace/p2p lender in Australia

• 21 staff covering all key functions in place

• Approximately $18m in loans written to date

• Approximately $6m cash on hand, with approximately $7m in loans on balance sheet

• Only marketplace/p2p lender in Australia with an active Retail Fund (now operating almost 2 years) – a significant competitive advantage, 7.7% return for FY16

• Foundation in place to create growth.

DirectMoney is a pioneer in the rapidly growing marketplace lending industry. With a strong foundation now in place, the company is well positioned to take advantage of the existing opportunity.

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Strategic Review

Review:

• Challenged funding strategy, causing performance impact.

• Poor management of the balance sheet, reducing available runway.

• Distribution model rather than fintech model reducing innate value.

• • Strong technology foundation with genuine competitive advantage.
• • Internal staff highly capable, but possibly not the right people in the right roles

Resulting Actions:

1. Change Leadership Team (start with Board Refresh and CEO).

2. Create runway and protect the balance sheet. Limited lending until loan funding deal closed.

3. Pivot funding strategy and establish diversified loan funding sources.

4. Leverage the significant technology capability with increased investment.

5. Invest in exceptional customer experience and operational efficiency. 6. Push the Retail Fund as it’s a key competitive advantage.

Immediate Next Steps:

1. Continue building diversified loan facilities and re-commence lending trajectory.

2. Invest in UX/UI to enhance competitive edge in this space.

3. Introduce more revenue lines to leverage existing capabilities.

4. Strengthen Data Analytics, AI and Machine Learning Capability.

5. Improve Margin across the business with multiple levers.

6. Stronger focus on path to revenue growth that leads to profitability.

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Chief Executive Officer Presentation

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FY16 Company Highlights

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• ü Unlisted MIS with an independent RE, One Managed Investments Funds Limited

• ü ASX-listed DirectMoney is the Fund manager. The Fund buys eligible, prime 3 and 5 year unsecured personal loans from DirectMoney

• ü Institutional credit quality – not payday loans, small amount credits or subprime

• ü Unit holders receive monthly distributions based on their share of the net return, after credit provision and fees, from the entire pool of loan assets in the Fund

• ü Minimum investment of $10,000

• ü Redemptions available over 3 years, 1/36[th] per month

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Diverse Loan Portfolio

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Diverse Loan Portfolio

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Going Forward

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FY17 so far..

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$5.3M Capital Raising , through rights issue, strengthening balance sheet. Limited lending to protect this, until loan funding deal was closed.

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Strategic Review Completed. Series of recommendations have all been acted upon.

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Board Refresh and new CEO. Compliments existing strong capabilities within the business.

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Wholesale loan funding agreement signed by new team, demonstrating ability to execute against plan.

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New loan funding sources have been identified, with significant opportunities for better terms and margins.

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Credit Performance continues to exceed expectations.

Exciting technology roadmap , as we continue to innovate this space

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We’re a technology company that happens to sell personal loans

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Australia is Poised for Significant Growth

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Investment Summary

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New leadership in place. Execution and accountability are key.

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High growth business , set up to seriously scale, with a proven model, in a $90b market.

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Strong balance sheet management , with strategic direction to create runway.

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We have a competitive advantage with our Retail Fund , which has delivered 7.7% returns for investors.

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Funding in place to help support growth with more loan funding sources to follow.

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Credit performance, through our proprietary platform, since listing is above expectations, with less than 2% losses on a 2.5% target.

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Exceptional IT and Data Analytics capability , significantly reduces costs as we grow, and provides competitive edge.

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Will continue to take market share through our product offering, and smart go-to-market strategy.

We’re in the right market, at the right time, with the right technology and the right team… and the foundation now in place to launch from.

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