Wisr : WZR Announces 140% Revenue Growth PCP and Appendix 4C

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WZR announces 140% revenue growth pcp and Appendix 4C

Wisr delivers maiden quarter of positive operating cash-flow and Cash EBTDA

Sydney, 28 January 2022 - Wisr Limited (ASX: WZR) (ACN 004 661 205) ("Wisr", or the "Company") is pleased to provide the Quarterly Activities Report for the maiden positive operating cash-flow and Cash EBTDA quarter ending 31 December 2021 (Q2FY22).

Q2FY22 Highlights:

• Revenue up: record $14.1M1, a 140% increase on Q2FY21 ($5.9M) and a 16% increase on Q1FY22 ($12.1M)
• 22 consecutive quarters of loan growth: $136M originations in the quarter, a 62% increase on Q2FY21 ($84M), in the seasonally weaker December quarter
• Secured vehicle loans (SVL): $48M for the quarter, a 129% increase on Q2FY21 ($21M)
• Wisr Secured Vehicle Warehouse loan book of $161M as at 31 December 2021
• $879M in total loan originations as at 31 December 2021 (125% growth from pcp), bringing Wisr's wholly-ownedloan book (warehouse, securitised and balance sheet) to $562M, an increase of 168% on pcp
• Successful refinancing of Wisr Warehouse mezzanine investor AOFM by one of Australia's leading credit investors,
  IFM Investors ("IFM")
• Wisr Financial Wellness Platform grows by 60% on pcp, with 46K+ profiles added in Q2FY22
• Appointment of former Deutsche Bank Director Cathryn Lyall to the position of Non-Executive Director, effective 01 January 2022, bringing 34 years of experience across finance, banking, government and fintech in Australia and the United Kingdom
• Oliver Bladek, to join Wisr Executive Leadership as Chief Operating Officer

1 Revenue unaudited

Wisr Limited ACN 004 661 205

55 Harrington Street, The Rocks NSW 2000

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CEO COMMENTARY:

Mr Anthony Nantes, Chief Executive Officer, Wisr, said, "It's been a record quarter for the company. We've delivered a maiden cash flow positive quarter on the back of 140% revenue growth, compared to the same period last year, demonstrating the underlying strength in our unit economics and scalability of our platform. We continued our unbroken track record of 22 consecutive quarters of new loan growth. These results have us well on track to deliver our medium-term target of a wholly-owned $1B loan book this calendar year."

"Our treasury capability, market-leading unit economics, and prime loan book have been validated further by the introduction of one of Australia's largest institutional fund managers, IFM, as a mezzanine investor in the Wisr Warehouse."

"Our proprietary Financial Wellness Platform is resonating with the consumer sentiment shift we've seen throughout the pandemic as more Australians put their financial wellbeing front of mind. We also know that our ability to attract and retain Australia's top talent is also key to our competitive advantage. At the end of the month, we will be welcoming Oliver Bladek to the role of Chief Operating Officer, following Mathew Lu's sabbatical departure."

"As we take Wisr's growth to the next level, we're excited to have someone of Oliver's calibre and experience on the Executive Leadership Team as we accelerate our revenue, path to profitability and operating leverage into H2 and beyond. I want to thank Mathew for his significant contribution to Wisr's success and unwavering commitment over the last four years. He is a key part of the phenomenal growth that we have achieved and the outstanding outcomes the company has delivered on behalf of our stakeholders and customers. We wish him well as he takes this time to spend with his young family." finished Mr Nantes.

Wisr's loan origination delivered growth in the seasonally weaker December quarter to $136M, Q1FY22 ($132M), and a 62% increase on Q2FY21 ($84M). The month of December contains 20% fewer trading days, and this year was further impacted by Omicron-relateddisruptions. A new milestone of $50M per month in loan originations reached in November 2021, which put the quarter on track for strong growth prior to the December slow down.

Wisr's loan book boasts industry-leading margins, offering the opportunity to increase the addressable market up and down the credit spectrum. With Wisr's strong balance sheet and completion of recent funding transactions, now is the optimal

Wisr Limited ACN 004 661 205

55 Harrington Street, The Rocks NSW 2000

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time for the Company to address these opportunities. Together with the launch of new products, Wisr is well-placed to continue its strong growth in loan originations in the year ahead.

Funding and Capital

• Strongly capitalised with $26.9M in unrestricted cash and $18.4M in liquid loan assets as at 31 December 2021
• Wisr's wholly-owned loan book (warehouse, securitised and balance sheet) is now $562M, an increase of 168% on pcp
• Note c. $18.4M of loans held on balance sheet to optimise returns on the Company's strong cash balance and can be sold into the Wisr Warehouse as required

The tier-one global fund manager IFM has replaced AOFM as the mezzanine funder in the Wisr Warehouse. IFM will sit alongside existing mezzanine funder MA Financial Group. The deal provides

significant external validation of Wisr's business operations, underwriting capability, loan book quality and high-quality assets.

Strong Credit Performance

90+ Day arrears consistently low 0.81% as at 31 December 2021.

Writing prime quality credit and attracting Australia's best customers, Wisr's strong credit performance continued with 90+ day arrears at 0.81% as at 31 December 2021.

Wisr Financial Wellness Platform

The Wisr Financial Wellness Platform continued to grow with more than 46K new profiles created in Q2FY22, taking the total to over 551K profiles at quarter-end. The Wisr App has now paid off over $3.1M in debt through round-ups and boosters.

Wisr Limited ACN 004 661 205

55 Harrington Street, The Rocks NSW 2000

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Governance and New Executive Leadership Appointments

As previously advised to the market, the Wisr Board is committed to adding appropriate talent as the Company grows in scale and complexity. The Board welcomes former Deutsche Bank Director Cathryn Lyall to the position of Non-Executive Director, effective 01 January 2022. Cathryn's distinguished 34-year career in the Australian and British Financial Services sectors makes her an ideal addition to the Wisr Board.

After four years of exceptional service, Chief Operating Officer (COO) Mathew Lu will be leaving Wisr on sabbatical to spend time with his young family.

The Company has appointed former NDIA Deputy CEO, Oliver Bladek, to COO, effective 31 January. Oliver has an 18+ year track record of designing and delivering growth transformations to improve businesses' performance and culture. Before joining the NDIA, Oliver supported Westpac in its agile transformation and spent 15 years with McKinsey & Company. He also led the firm's organisation practice in Australia and New Zealand.

Oliver's experience in developing high-performing teams that focus on the customer will support Wisr as it continues to grow into a company of significant scale and impact.

APPENDIX 4C QUARTERLY ACTIVITY REPORT COMMENTARY:

Wisr continues its path to profitability, with $14.1M in operating revenue, a 140% increase on Q2FY21 ($5.9M) and a 16% increase on Q1FY22 ($12.1M). The revenue growth and continued scaling of the business also delivered a maiden positive Cash EBTDA of $0.4M for Q2FY22 (Q1FY22: $(5.5)M).

Per item 1.3(c), advertising and marketing spend normalised in Q2FY22 to $2.2M (Q1FY22: $5.5M), following the significant one-off uplift in Q1FY22 driven by the Olympics & Brand campaign.

Per item 1.10, net cash from operating activities for Q2FY22 was $1.3M (Q1FY22: $(5.7)M), which is the maiden positive outcome driven by revenue growth and continued scaling of the business.

Per item 5.1, unrestricted cash at the end of Q2FY22 was $26.9M. In addition, there were $18.4M of loans on-balance sheet available for sale as at 31 December 2021.

Item 6.1 relates to salary payments to the Board of Directors.

KMP Remuneration

Following a market benchmarking exercise and business performance review, the Company's Board has adjusted the CEO's remuneration in line with market practice. The Company seeks to attract and retain high-quality talent by remunerating its executives fairly and reasonably. With effect from 1 December 2021, the CEO's base remuneration has been increased to

Wisr Limited ACN 004 661 205

55 Harrington Street, The Rocks NSW 2000

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$550,000 exclusive of superannuation. He will remain entitled to participate in the Company's long and short-term incentive schemes.

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Annual General Meeting

Notice is hereby given that the Company's Annual General Meeting of shareholders will be held on Wednesday 23 November 2022 at 2 p.m. (AEDT). The closing date for the receipt of nominations from persons wishing to be considered for election as a director is 5 October 2022.

-ends-

This announcement has been approved in accordance with the Company's Continuous Disclosure Policy and authorised for release by the Board of Directors.

For further investor enquiries, please contact:

Vanessa Chidrawi

Company Secretary

E: [e-mail]

About Wisr Limited

Wisr (ASX: WZR) is Australia's first neo-lender with a commitment to the financial wellness of all Australians through providing a smarter, fairer and wiser collection of financial products and services. Wisr provides a unique Financial Wellness Platform underpinned by consumer finance products, the Wisr App to help Australians pay down debt, multiple credit score comparison service, combined with content and other products that use technology to provide better outcomes for borrowers, investors and everyday Australians.

For more information, visit www.wisr.com.au

Wisr Limited ACN 004 661 205

55 Harrington Street, The Rocks NSW 2000

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