Fiducian : Appendix 4C quarterly & Update

ASX Announcement

Voluntary Lodgement of Appendix 4C and Update

Sydney, 26 April 2022

We attach the Fiducian Group Limited's (ASX: FID) Appendix 4C for the most recent quarter ending 31 March 2022.

The lodgement of the Appendix 4C at the end of the first and third quarters of a financial year is a voluntary act undertaken by the company and is not required by the ASX.

In conjunction with the Appendix 4C, we also announce that:

• (a) net inflows in the Fiducian platform for the quarter ending 31 March 2022 was $60 million (March 2021: $62 million) and year to date $223 million (March 2021 YTD: $147 million); and

• (b) Funds Under Management, Administration and Advice as at 31 March 2022 was $12 billion (March 2021: $9.6 billion).

Contact:

Investor Relations

Rahul Guha, Executive Chairman (Fiducian Services) [phone],[e-mail]

Media Relations

Julie Hargrave, Head of Marketing & Communications [phone],[e-mail]

About Fiducian Group Ltd (ASX:FID): Publicly listed Fiducian Group Limited is a successful end-to-end financial services company in this fiercely competitive sector in Australia. FGL is Australian-owned and operated. Fiducian provides:

• 1. Platforms for investment and superannuation

• 2. Funds management and investment

• 3. Financial planning and wealth management

• 4. Technology solutions for financial planners and their clients

Through the vision of founding member Indy Singh (Executive Chairman), the company was established in 1997 and listed on the ASX in 2000.

Authorised by Paul Gubecka, Company Secretary

26 April 2022

Fiducian Group Limited

ABN 41 602 423 610

Head Office: Level 4, 1 York Street, Sydney NSW 2000 | GPO Box 4175, Sydney 2001

Tel: [phone] | Fax: [phone]

Rule 4.7B

Appendix 4C

Quarterly cash flow report for entities subject to Listing Rule 4.7B

Name of entity

Fiducian Group Limited

ABN

Quarter ended ("current quarter")

41 602 423 610

March 2022

Consolidated statement of cash flows	Current quarter $A'000	Year to date (9 months) $A'000
1. Cash flows from operating activities 1.1 Receipts from customers 1.2 Payments for (a) research and development (b) product manufacturing and operating costs (c) advertising and marketing (d) leased assets (e) staff costs (f) administration and corporate costs 1.3 Dividends received (see note 3) 1.4 Interest received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Government grants and tax incentives 1.8 Other (provide details if material) 1.9 Net cash from / (used in) operating activities	19,840 (589) (4,981) (7,205) 55 (1,532)	56,655 (1,587) (14,414) (21,887) 166 (4,828)
5,588	14,105

Note:

1. The net cash from operating activities above excludes timing of payments of expenses of approximately $1,100,000 year to date which relate to the current period but payable subsequently.

2. Payments for administration and corporate cost in 1.2 (f) include Payments to financial advisers, investment managers and service providers of approximately $4,500,000 for current quarter, $13,900,000 YTD.

Consolidated statement of cash flows	Current quarter $A'000	Year to date (9 months) $A'000
2. Cash flows from investing activities 2.1 Payments to acquire or for: (a) entities (b) businesses (c) property, plant and equipment (d) investments (e) intellectual property (f) other non-current assets 2.2 Proceeds from disposal of: (a) entities (b) businesses (c) property, plant and equipment (d) investments (e) intellectual property (f) other non-current assets 2.3 Cash flows from loans to other entities 2.4 Dividends received (see note 3) 2.5 Other (provide details if material) 2.6 Net cash from / (used in) investing activities	(7,118) (177) (67)	(8,118) (436) (355)
(7,362)	(8,909)

Note:

1. Item 2.1 (b) relates to payments made for acquisition of People's Choice Credit Union's financial planning business as per ASX announcement dated 3rd November 2021.

• 3. Cash flows from financing activities

• 3.1 Proceeds from issues of equity securities

  (excluding convertible debt securities)

• 3.2 Proceeds from issue of convertible debt securities

• 3.3 Proceeds from exercise of options

• 3.4 Transaction costs related to issues of equity securities or convertible debt securities

• 3.5 Proceeds from borrowings

• 3.6 Repayment of borrowings

• 3.7 Transaction costs related to loans and borrowings

• 3.8 Dividends paid

0

152

(4,659)

(9,254)

6. Payments to related parties of the entity and their associates	Current quarter $A'000
6.1 Aggregate amount of payments to related parties and their associates included in item 1 224 6.2 Aggregate amount of payments to related parties and their associates included in item 2 Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments.

Consolidated statement of cash flows	Current quarter $A'000	Year to date (9 months) $A'000
3.9 Other (provide details if material) 3.10 Net cash from / (used in) financing activities	(442)	(1,209)
(5,101)	(10,311)

4. 4.1 4.2 4.3 4.4 4.5 4.6	Net increase / (decrease) in cash and cash equivalents for the period Cash and cash equivalents at beginning of period Net cash from / (used in) operating activities (item 1.9 above) Net cash from / (used in) investing activities (item 2.6 above) Net cash from / (used in) financing activities (item 3.10 above) Effect of movement in exchange rates on cash held Cash and cash equivalents at end of period	21,076 5,588 (7,362) (5,101)	19,316 14,105 (8,909) (10,311)
14,201	14,201

5. Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts	Current quarter $A'000	Previous quarter $A'000
5.1 Bank balances 5.2 Call deposits 5.3 Bank overdrafts 5.4 Other (provide details) 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above)	14,201	21,076
14,201	21,076

Included in item 6.1 is the total amount of remunerations paid to directors, including Executive Chairman.

• 7. Financing facilities

  Note: the term "facility' includes all forms of financing arrangements available to the entity.

  Add notes as necessary for an understanding of the sources of finance available to the entity.

• 7.1 Loan facilities

• 7.2 Credit standby arrangements

• 7.3 Other (please specify)

• 7.4 Total financing facilities

  Total facility	Amount drawn at
  amount at quarter	quarter end
  end	$A'000
  $A'000

  0 0 0 0

  0 0 0 0

• 7.5 Unused financing facilities available at quarter end

  0

• 7.6 Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well.

• 8. Estimated cash available for future operating activities

  $A'000

• 8.1 Net cash from / (used in) operating activities (item 1.9)

• 8.2 Cash and cash equivalents at quarter end (item 4.6)

• 8.3 Unused finance facilities available at quarter end (item 7.5)

• 8.4 Total available funding (item 8.2 + item 8.3)

  5,588 14,201 0 14,201

• 8.5 Estimated quarters of funding available (item 8.4 divided by item 8.1)

  N/A

  Note: if the entity has reported positive net operating cash flows in item 1.9, answer item 8.5 as "N/A". Otherwise, a figure for the estimated quarters of funding available must be included in item 8.5.

• 8.6 If item 8.5 is less than 2 quarters, please provide answers to the following questions:

8.6.1

Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?

Answer: N/A - Fiducian has reported positive net operating cash flows in item 1.9.

8.6.2

Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?

Answer: N/A - Fiducian has reported positive net operating cash flows in item 1.9.

8.6.3

Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?

Answer: N/A - Fiducian has reported positive net operating cash flows in item 1.9.

Note: where item 8.5 is less than 2 quarters, all of questions 8.6.1, 8.6.2 and 8.6.3 above must be answered.