Australian Finance : AFG 1H FY22 Investor Presentation

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HY22 results

Diversified business model continuing to deliver growth in profitability and excellent shareholder returns

only• Strong financial performance for the half with growing confidence for the balance of the financial year

• Excellent growth in our own branded products with a strong trend emerging of an increased

proportion of higher margin products

• Acquisition of Fintelligence brings forward our opportunity to drive future margin enhancement in a

new asset class

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•	Diversification strategy will drive organic growth. Acquisition opportunities will continue to be
	stringently assessed to ensure commensurate returns and the addition of real earnings value
•	Mortgage brokers now the dominant channel at 67% market share. Customers value the competition,
	choice and convenience a broker provides. AFG is well placed to continue to capitalise on this trend

• Strong cash flow generating capability empowering the confidence to enhance historical dividend ersonalpolicy to a record interim dividend of 7.0 cents per share - an increase of 19% on HY21

• Both major political parties supportive of existing broker remuneration model

• AFG's growing digital ecosystem will significantly accelerate value creation, delivering value to our broker network, our lender partners, and our customers

• $630 million market cap and a strong balance sheet. $225m in net cash1 and other financial assets

1. Includes $84m unrestricted cash and $52m debt facility

2 HY22 RESULTS

H I G H L I G H T S

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HY22 results

Compared to HY21

Delivering excellent growth across the business

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H A L F Y E A R R E S U L T S

Operating Update

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Settlements / Loan Books

Settlements	1H22	1H21
$000's	$000's
Residential	30,773,638	20,915,896	47%
AFGHL	2,798,428	1,474,237	90%
White Label1	1,496,353	1,028,183	46%
AFG Securities1	1,302,176	446,053	192%
Commercial	1,771,327	966,562	83%
AFG Business	145,980	91,838	59%
Thinktank	127,073	65,458	94%
Leasing and Asset finance	420,864	310,962	35%
Fintelligence	513,441	-
Loan Book	1H22	1H21
Residential	173,785,739	160,014,400	9%
AFGHL	12,176,158	10,675,124	14%
White Label1	8,147,725	7,710,331	6%
AFG Securities1	4,028,433	2,964,794	36%
Commercial	9,952,816	8,721,209	14%

1. Is a subset of AFGHL

• Residential settlements up 47% to $30.8 billion. Increasing activity in the investor market and customers upgrading or refinancing are supporting this growth
• AFG Securities continues to accelerate, with a loan book of over $4 billion at December 2021, up 36% on December 2020
• AFG Securities settlements increased by 192% to $1.3 billion
• AFG Home Loans white label products up 46%
• Commercial and AFG Business volumes were up 83% and 59% respectively as the confidence in this sector returns
• Thinktank volumes increased 94% to $127 million

5 HY22 RESULTS