MoneyMe : Investor Presentation - MoneyMe Acquisition of SocietyOne

ersonal use only

MoneyMe Acquisition of SocietyOne

December 2021

Copyright 2021 | MoneyMe Limited | ACN 636 747 414 | Australian Credit Licence Number 442218

SocietyOne Acquisition Highlights

72% increase in MoneyMe loan book size to $934m1 (Nov-21)

86% increase in MoneyMe FY21 combined, pro forma revenue2

only	$146m in annualised3 revenue (a 63% increase for MoneyMe) based on combined 1Q FY22
			unaudited results (combined, pro forma)
			$17m per annum in pre-tax cost synergies4
			Greater than $15m per annum in pre-tax revenue synergies4
use		Revenue per share accretive in FY235
	Material uplift in cash profitability of the group in future years following the combination
			and synergies
			Increase average Equifax score from 656 to 685
ersonal		Significant operating leverage through consolidation onto MoneyMe's Horizon platform
	Large incremental revenue opportunity through marketing of MoneyMe products to
			SocietyOne's high quality and differentiated customer base, improved SocietyOne customer
			experience and unlocking new distribution strategies
			Power of $2bn+ of combined customer origination data for credit underwriting, marketing
			and customer behaviour analysis
			Funding diversity and securitisation program acceleration
1.	Loan book includes both SocietyOne's on and off-balance sheet GLA of $392m
2.	Pro forma metrics treat loans originated by SocietyOne but funded off balance sheet under SocietyOne's discontinued peer to peer funding program as though they are fu nded on SocietyOne balance sheet. The peer to peer funding program has been discontinued and now
	all loans originated by SocietyOne are funded on balance sheet, with the transition expected to be largely complete by FY24. Refer to Appendix A for a reconciliation between the statutory and pro forma key financial metrics of SocietyOne
3.	1Q FY22 revenue multiplied by 4
4.	Full year effect expected to commence from FY24
5.	Bas d on broker consensus estimates for MoneyMe and SocietyOne management projections for SocietyOne FY23 revenue

Pro Forma Combined Metrics2

$934m

Nov-21 combined loan book size

$146m

1Q FY22 revenue, annualised (combined, pro forma)

$17m

Pre-tax cost synergies per annum

>$15m

Pre-tax revenue synergies per annum

>$2bn

Of combined customer loan origination data

~685

Average Equifax score (Sep-21)

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Strategic vision for the combination

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use
The merger combines SocietyOne's leading brand recognition as a pioneer in disruptive personal lending and
unfolding ecosystem for financial wellness, with MoneyMe's leadership in product innovation and proprietary
	technology platform (Horizon).
ersonal	The two businesses bring complementary distribution capabilities that span across direct digital, direct
traditional, broker, agent and dealer. The combination is also expected to result in improved data and funding
opportunities.
	The combined business will be a powerful force in the market with leading customer experience with the
	objective of accelerating the pace of winning market share from incumbent lenders.
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Transaction Overview

About SocietyOne

Strategic Rationale For The Transaction

Impact Of The Transaction

Appendices

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Transaction Overview: MoneyMe Acquisition of SocietyOne

A highly strategic and complementary combination

ersonal use only

Transaction Overview

Strategic Rationale

• MoneyMe to acquire SocietyOne in consideration for the issue of between 70m to 75m MoneyMe fully paid ordinary shares plus between $0m to $9.7m of cash under a Merger Implementation Agreement ("MIA")
• MoneyMe shareholders to own 69.5% -71.1% of MoneyMe with SocietyOne shareholders to own 28.9% - 30.5% of MoneyMe
• Shareholders representing 79% of the SocietyOne shares have signed the MIA with 78% electing to receive MoneyMe shares as consideration
• SocietyOne shareholders who have not signed up to the MIA can elect to either receive MoneyMe shares or alternatively cash consideration. A condition of the transaction is that holders of no more than 7.5% of SocietyOne shares elect cash. The cash consideration is set at a maximum of A$9.7m assuming 7.5% of SocietyOne shareholders elect cash
• Based on MoneyMe's share price of $1.76 at market close on 16 December 2021, the total value of the consideration is $132m assuming 100% of SocietyOne shareholders elect for MoneyMe shares

1. Significant operating leverage through increased scale: 72% increase in MoneyMe loan book size to $934m (Nov-21); material operating leverage benefits as SocietyOne business is to be migrated to MoneyMe's Horizon platform; material operating cost efficiency
2. Material cost synergy opportunity: $17m p.a. (pre-tax) by removing duplication across functions, systems, premises, processes; incremental opportunity to lower funding costs through accelerated securitisation
3. Penetrate SocietyOne customer base with MoneyMe product suite, with enhanced customer experience: Market MoneyMe's diverse product suite to SocietyOne's unique and high-quality customer and introducer base; SocietyOne customer experience "turbocharged" with Horizon platform - reduce time to fund from ~1-2 days to ~1-2 hours
4. Unlocking new distribution opportunities: Expand into broker channel, with optimised user experience on Horizon; accelerating Financial Wellness channel with more than 147k customer base (a low-cost channel); Banking-as-a-Service partnership opportunity with Westpac
5. Leverage power of combined data: Over $2b of combined customer origination data, enabling increased revenue and improved credit risk management through advancements in credit underwriting, artificial intelligence (AIDEN), marketing and customer behaviour analysis

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