OneConnect Financial Technology : Third Quarter 2021 Financial Presentation

Third Quarter 2021

Results Presentation

Disclaimer

The information in this presentation is provided to you by OneConnect Fi nancial Technology Co., Ltd. (the "Company") solely for i nformational purpose and does not constitute an offer to buy or sell or solicitation of an offer to buy or sell, any securities of the Company in any jurisdiction or an inducement to enter into i nvestment acti vity, nor may it or any part of it form the basis of or be relied on i n connection with any contract or commitment whatsoever i n the United States or anywhere else. Specifically, this presentation does not constitute a "prospectus" within the meani ng of the U.S. Securities Act of 1933, as amended (the "Securities Act"). No securities of the Company may be offered or sold i n the United States without registration with the U.S. Securities and Exchange Commission (the "SEC") unless pursuant to an available exemption from the registration requirement of the Securities Act. This presentation does not contai n all relevant i nformation relati ng to the Company or its securities, particularly with respect to the risks and special considerations involved with an investment in the securities of the Company.

This presentation does not constitute legal, regulatory, accounti ng or tax advice to you. This presentation does not constitute and should not be considered as any form of financial opinion or recommendation by the Company or any other party.

Thus presentation contai ns "forward-looking" statements withi n the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defi ned in the U.S. Pri vate Securities Litigation Reform Act of 1995. These forward-looki ng statements can be identified by terminology such as "will," "expects," "anticipates," "future," "i ntends," "plans," "believes," "estimates," "explore," "confident" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control. Forward-looking statements i nvolve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contai ned in any forward-looking statement, i ncludi ng but not limited to the following: the Company's limited operating history in the technology-as-a-service for fi nancial institutions industry; its ability to achieve or sustain profitability; the tightening of laws, regulations or standards i n the fi nancial services industry; the Company's ability to comply with the evolvi ng regulatory requirements i n the PRC and other jurisdictions where it operates; its ability to mai ntai n and enlarge the customer base or strengthen customer engagement; its ability to maintai n its relationship with Ping An Group, which is its strategic partner, most important customer and largest supplier; its ability to compete effectively to serve C hina's fi nancial institutions; the effectiveness of its technologies, its ability to maintain and improve technology infrastructure and security measures; its ability to protect its i ntellectual property and proprietary rights; risks of defaults by borrowers under the loans for which the Company provided credit enhancement under its legacy credit management business; its ability to mai ntai n or expand relationship with its business partners and the failure of its partners to perform i n accordance with expectations; its ability to protect or promote its brand and reputation; its ability to timely implement and deploy its solutions; its ability to obtain additional capital when desired; disruptions in the financial markets and business and economic conditions; the Company's ability to pursue and achieve optimal results from acquisition or expansion opportunities; the duration of the Covid-19 outbreak and its potential impact on the Company's busi ness and fi nancial performance; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company's annual report on Form 20-F and other filings with the SEC. The Company, its officers, advisors, or representati ves undertakes no obligation to update or revise these forward‐looking statements for events or circumstances that occur subsequent to the date of this presentation, except as required under law.

The unaudited consolidated fi nancial information is prepared in accordance with International Fi nancial Reporting Standards (IFRS). This presentation contains certai n financial measures that are not recogni zed under the IFRS. Non-IFRS measures are used in gross profit and gross margi n, adjusted to exclude non-cash items, which consist of amortization of intangible assets recogni zed in cost of revenue, depreciation of property and equipment recognized i n cost of revenue, and share-based compensation expenses recogni zed in cost of revenue. The Company regularly reviews non-IFRS gross profit and non-IFRS gross profit margin to assess the performance of its business. By excludi ng non-cash items, these fi nancial metrics allow the Company to evaluate the cash conversion of one dollar revenue on gross profit. The Company uses these non-IFRS fi nancial to evaluate its ongoing operations and for internal planning and forecasti ng purposes. The Company believes that non-IFRS fi nancial i nformation, when taken collectively, is helpful to investors because it provides consistency and comparability with past financial performance, facilitates period-to-period comparisons of results of operations, and assists in comparisons with other companies, many of which use similar fi nancial i nformation. The Company also believes that presentation of the non-IFRS financial measures provides useful information to its investors regarding its results of operations because it allows investors greater transparency to the information used by the Company in its fi nancial and operational decision maki ng so that investors can see through the eyes of the Company's management regardi ng important financial metrics that the management uses to run the busi ness as well as allowing investors to better understand the Company's performance. However, non-IFRS fi nancial i nformation is presented for supplemental informational purposes only, and should not be considered a substitute for financial i nformation presented in accordance with IFRS, and may be different from similarly-titlednon-IFRS measures used by other companies. In light of the foregoi ng limitations, you should not consider non-IFRS financial measure i n isolation from or as an alternative to the financial measure prepared i n accordance with IFRS. Whenever the Company uses a non-IFRS financial measure, a reconciliation is provided to the most closely applicable financial measure stated in accordance with IFRS. You are encouraged to review the related IFRS fi nancial measures and the reconciliation of these non-IFRS fi nancial measures to their most directly comparable IFRS financial measures. For more i nformation on non-IFRS fi nancial measures, please see the table captioned "Reconciliations of IFRS and non-IFRS results (Unaudited)" set forth at the end of this presentation.

THE INFORMATION CONTAINED IN THIS DOCUMENT MAY NOT BE FORWARDED, PUBLISHED OR D ISTRIBUTED, D IRECTLY OR IND IRECTLY, TO ANY OTHER PERSON (WHETHER WITHIN OR OUTSIDE YOUR ORGANIZATION/ FIRM) FOR ANY PURPOSE ANY MAY NOT BE REPRODUCED IN ANY MANNER WHATSOEVER. ANY FORWARD ING, PUBLICATION, D ISTRIBUTION OR REPRODUCTION OF THIS DOCUMENT IN WHOLE OR IN PART IS UNAUTHORIZED.

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Agenda

Part I: Financial Highlights

Part II: Business Highlights

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Third Quarter Highlights

Number of

	3rd Party Revenue					Premium Plus					Net Loss Ratio
								Customers
	RMB 351 million		150 (1)				25.3%
	16.1%					24.0%						2.3ppt

Note:	4
(1) Premium plus customers refer to our customers that contribute annual revenue of at least RMB1 million, excluding Ping An Group and its subsidiaries.,Lufax & phased out products;

Premium plus customers at 3Q21 was 154 before excluding Lufax & phased out products.

Steady Revenue Growth

Total Revenue

(RMBm)
	+20.8%	1,065
881
3Q20		3Q21

	+27.5%	2,852
2,237
9M20		9M21

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