Smartpay : Investor Half Year Results Presentation FY23

28 November 2022

Important Notice

This presentation has been prepared by Smartpay Holdings Limited (NZX/ASX: SPY) (the Company or Smartpay) for the purpose of

briefings in relation to its financial statements.

This presentation may contain certain statements and projections provided by or on behalf of Smartpay Holdings

Limited Group (Smartpay) with respect to anticipated future undertakings. Any forward-looking statements reflect

various assumptions by or on behalf of Smartpay. Accordingly, these statements are subject to significant business, economic and competitive uncertainties and

contingences associated with the business of Smartpay which may be beyond the control of Smartpay which could

cause actual results or trends to differ materially, including but not limited to competition, industry downturns, inability to enforce contractual and other arrangements, legislative

and regulatory changes, sovereign and political risks, ability to meet funding requirements, dependence on key

personnel and other market and economic factors. Accordingly, there can be no assurance that any such statements and projections will be realised. Smartpay makes

no representation as to the accuracy or completeness of any such statement of projections or that any projections will be

achieved and there can be no assurance that any projections are attainable or will be realised.

Additionally, Smartpay makes no representation or warranty, express or implied, in relation to, and no responsibility or liability (whether for negligence, under statute or otherwise) is or will be accepted by Smartpay or by any of their respective officers, directors, shareholders, partners, employees, or advisers (Relevant Parties) as to or in relation to the accuracy or completeness of the information and statements.

Opinions or matter (express or implied) arising out of, contained in or derived from this presentation or any omission from this

presentation or of any other written or oral information or opinions provided now or in the future to any interested party or its advisers. In furnishing this presentation, Smartpay

undertakes no obligation to provide any additional or updated information whether as a result of new information, future

events or results or otherwise.

Except to the extent prohibited by law, the Relevant Parties disclaim all liability that may otherwise arise due to any of this

information being inaccurate or incomplete. By obtaining this document, the recipient releases the Relevant parties from liability to the recipient for any loss or damage which any of them may suffer or incur arising directly or indirectly out of or in connection with any use of or reliance on any of this

information, whether such liability arises in contract, tort (including negligence) or otherwise.

This document does not constitute, and should not be construed as, either an offer to sell or a solicitation of an offer to buy or sell securities. It does not include all available

information and should not be used in isolation as a basis to invest in Smartpay.

Non-GAAP measures

This presentation contains references to Non-GAAP measures including EBITDA and adjusted NPAT.

Because Smartpay complies with accounting standards, investors know that comparisons can be made with confidence between

reported profits and those of other companies. These non-GAAP figures are provided as a supplementary measure for readers to assess Smartpay's performance alongside NZ GAAP reported measures.

Welcome to Smartpay's investor update

1. First half 2023 Performance Highlights
2. Financial Highlights
3. Strategic Update
4. Appendices

Presented by:

• Marty Pomeroy - Chief Executive Officer and Managing Director
• Cherise Barrie - Chief Financial Officer
• Aidan Murphy - Chief Business Officer

"Looking after our team, who are looking after our customers, which is resulting in a stronger company for our shareholders"

We are delivering on our Strategic Plan

*EBITDA - Earnings before interest, tax, depreciation, amortisation, impairment, financial instrument adjustments, foreign exchange movements and share performance rights. EBITDA is a useful non-GAAP measure as it shows the contribution to earnings prior to finance costs

and non-cash items.

Large increase in revenue half on half

Revenue 1H23 $35,401k vs 1H22 $21,036k

68%

Invested in the business and grew EBITDA*

EBITDA 1H23 $8,101k vs 1H22 $3,744k

116%

Positive Net Profit Before Tax

NPBT 1H23 $2,696k vs 1H22 $366k

637%

Generated positive operating cashflows and reduced debt

Operating cashflows 1H23 $10,130k vs 1H22 $4,396k

130%

"The collective and collaborative approach our people have shown in

delivering against our execution plans has been exceptional"