Washington H Soul Pattinson and : HY22 Results Investor Presentation

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Financial Results

Half Year FY2022

WHSP is a unique investment product in the Australian market

onlyuse ersonalHalf Year Results

January 2022

Through WHSP, an investor has the opportunity to gain exposure to:

• A range of asset classes across sectors, including private equity, private credit and property
• Investment strategies that have delivered above market returns for decades
• Steady and growing dividends
• A management team with a strong track record of execution and active stewardship of capital

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Our Investment Philosophy

only	DIVERSIFIED
Diverse range of uncorrelated
investments across listed equities,
private equity & venture capital,
use	property, structured credit and cash
GROWING DIVIDENDS
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Track record of paying a consistent and increasing dividend for over 20 years

Half Year Results January 2022

UNCONSTRAINED

A flexible investment mandate allows WHSP to invest in and support companies from an early stage and grow with them over the long-term

CAPITAL PROTECTION

Portfolio of assets generating reliable cash through market cycles which serves to protect downside in market corrections

LONG TERM

Disciplined and value focussed approach to investing through market cycles to deliver returns over the long term

TRUSTED PARTNER

Partnering with attractive companies looking to access growth capital and undertake strategic M&A

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onlyuse ersonalHalf Year Results

January 2022

Half Year Performance

Period ending 31 January 2022

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▼ 1,033% on pcp

NPAT2

One-off, non-cashimpairment of goodwill from Milton merger

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Group Statutory

($643.1m)

Statutory NPAT impacted by goodwill impairment

Higher dividend income from Milton merger

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Property profits in Brickworks

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▲ 281% on pcp

Group Regular

NPAT1

$343.7m

Group Regular NPAT significantly increased

▪ Increased commodity prices (New Hope, Round Oak)

Half year ended 31 January 2022 - Profit After Tax

Group Regular profit excludes one-off events and better reflects underlying performance of major investments

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1. Group Regular NPAT: Regular profit after tax is a non-statutoryprofit measure and represents profit from WHSP's continuing operations before non-regularitems. A reconciliation to statutory profit is included in the 2022 Half Year Financial Report - Alternative Performance Measures.

2. Group Statutory NPAT: Profit after tax attributable to members. A reconciliation between consolidated Group regular profit after tax and statutory profit after tax is included in the 2022 Half Year Financial Report - Alternative Performance Measures.

Half Year Results January 2022

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