Credit : FY17 Results Presentation

Credit Corp Group

FY17 Results Presenta

1 August 2017

Thomas Beregi, CEO Michael Eadie, CFO

• Long-term growth • ROE 16% - 18%
• Low gearing

Core Australian I NZ debt buying

• Largest database

• History of pricing accuracy

  Australian I NZ lending

• Highest asset turnover 1

• Lowest cost to collect 2

• No adverse orders or undertakings

• Low complaint rate

• $1.3bn in ongoing repayment arrangements

• Leverage knowledge of consumer

• Up-front loss provisioning

• Analytical monitoring

• Automated decisioning

• Collection strength

• APRs below cap applicable to mainstream credit

• Regulatory upside - no 'payday loans'

  USA debt buying

• Adapted knowledge to US environment

• Large market opportunity

• Productivity improved 20% during FY 17 and 30% on more recent purchases

• Sizeable operation ready to take advantage of improved conditions

• Low regulator complaint rate

• Strong client audit outcomes

1. FY17 annualised ratio of cash collections from PDLs to average POL carrying value of 1.2x

2. FY17 ratio of cash costs of the Debt Ledger Purchasing segment to collections of 36%

FY17 Results Presentation I 2

Cents per share

140

120

ROE %

24%

............·•·• • •··•··• •·····•··• • • ··•·••••·•·• •• ···•·•• •·•····•·••·•·•

.........•··•·•··• •·

100

80

.......·

EPS CAGR 28% 117

98

83

75

6070

40

20

FY08 FY09 FY10 FY 11 FY12 FY13 FY14 FY15 FY 16 FY17

-ops -EPS .......ROE

FY17 Results Presentation I 3

FY17 Financial results

0

Debt buying 1	FY17 $199.Sm	FY16 $173.2m	$ change +$26.3m
Lending	$66.4m	$53.Sm	+$12.9m
Revenue total	$265.9m	$226.7m	+$39.2m
Debt buying 1	$42.9m	$39.Bm	+$3.1m
Lending	$12.3m	$6. 1m	+$6.2m
NPAT total	$55.2m	$45.9m	+$9.3m
EPS (basic)	116.Scps	98.4cps	+18.4cps
Dividend	58.0cps	50.0cps	+8.0cps

/ o change

- +17°/o

- +20%

- +19%

- +16%

1. Debt buying includes agency activities

FY17 Results Presentation I 4