Prospa : PGL HY22 Investor Presentation

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16 February 2022 ersonal

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Our purpose

is to keep small business moving

Changing the way small businesses experience finance through digital innovation

• helping SMEs prosper

Greg Moshal

Chief Executive Officer, Co-Founder

Beau Bertoli

Chief Revenue Officer, Co-Founder

Ross Aucutt

Chief Financial Officer

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Record half year performance across all key metrics

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Originations¹

75

▲% $315.1m

from $180.1m (1H21)

EBITDA

134

▲ % $9.6m

from $4.1m (1H21)

Revenue²

41

▲% $78.5m

from $55.8m (1H21)

Closing Gross Loans

▲% $514.6m

51 from $341.7m (1H21)

1.	All references to Originations in this document are from all sources, including Small Business Loan, Line of Credit (including undrawn amounts), Back to Business Loan, Back to Business Line (including undrawn amounts) in Australia and New Zealand. Small	3
	retrospective changes in origination figures may occur as result of back dated cancellations or modifications to support customer outcomes.

2. Revenue before transaction costs.

Significant progress in key strategic deliverables

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AU/NZ

Leadership

Customer

Acquisition

Data /

Technology

Funding platform for growth

Investing for growth

• >$2.4bn1 of lending provided to small businesses in AU and NZ since inception, adding $9.6bn to GDP2
• Recognised as Australia & New Zealand's #1 online small business lender3
• Record originations of $315m
• New Zealand originations up 110% on 1H21
• 13,200+ active customers
• Static loss rates within Board mandated tolerance (4-6%)
• Leveraging customer data and industry insights in our proprietary Credit Decision Engine, driving scale and efficiency
• Investment in technology to deliver new products, improving user experience and enhancing customer lifetime value resulting in record originations in the half
• Inaugural $200 million Term Asset Backed Securitisation issued and priced in September. The first of this asset class in Australia, providing significant cost of funding benefits and cash efficiency
• $580.7 million in available third-party facilities ($105.1 million in available undrawn facilities) and $110.5 million of cash ($62.4 million is unrestricted)
• Increased investment in building and developing new products, including our All-in-One Business Account, as well as continued investment in existing products and platforms for optimisation

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All references to Originations in this document are from all sources, including Small Business Loan, Line of Credit (including undrawn amounts), Back to Business Loan, Back to Business Line (including undrawn amounts) and ProspaPay in Australia and New Zealand, unless otherwise
indicated. Small retrospective changes in origination figures may occur as result of back dated cancellations or modifications to support customer outcomes.
RFi Group research, The economic impact of Prospa lending to small business, commissioned by Prospa, January 2019.	4
In the Non-bank Financial Services category, Prospa is the #1 ranked online small business lender in Australia and New Zealand on independent review site TrustPilot with a TrustScore of 4.9 and over 6,200 reviews in Australia and a TrustScore of 4.9 and over 800 reviews in New Zealand as

at 31 December 2021.

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Agenda

Section 1

Prospa update

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Section 2

1H22 Financials

10

Section 3

Strategy and outlook

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Section 4

Capital management

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Section 5

Additional information

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