Announcement PDF Year to 31 March 2026 FY26 Results Presentation ASX RELEASE Plenti Group Limited (ASX:PLT) Authorised for release by the Board of Plenti Group Limited For more information please contact: Adam Bennett, CEO, shareholders@plenti.com.au Miles Drury, CFO, shareholders@plenti.com.au 2 Plenti is a high-growth, profitable and cash generative digital lender with a $3bn+ prime consumer and commercial loan book Purpose To bring our customers’ big ideas to life Vision Fairer, faster loans through smart technology Mission To build Australia’s best lender We are on a mission Plenti’s technology platform sets us apart and allows us to: • Deliver outstanding customer and partner experiences • Operate across diverse and complementary lending verticals • Adapt to the market to deliver consistent, profitable growth • Accelerate our loan book past $3 billion • Generate cash to self fund and drive continued growth Plenti has a deliberate long-term strategy to: • Become a significant, resilient digital lender in large markets • Use our proprietary credit engine and AI to better assess risk • Use our technology advantage to enter new markets • Continue our enviable track record of strong results 3 The Plenti platform efficiently supports our lending verticals across Automotive, Renewables and Personal loans Personal $3bn Loan Book High growth Automotive Better journeys, starting today Transforming big ideas into reality Transition to solar +22% YoY • $3bn milestone hit Jan 2026 Renewable $3.1bn loan portfolio Profitable +117% YoY • Cost-to-net margin 60.7% → 56.7% $30.8m FY26 Cash PBT Cash generative $12.5m of corporate debt repaid in 2H26• Self-funding growth $20.6m corporate cash generated in FY26 4 Plenti had an outstanding FY26 on all of the metrics that matter to deliver Cash PBT of $30.8m Cash NPAT $27.3m +97% on pcp Closing 90+ arrears 42bps down 1bp yoy $3bn loan book goal achieved two months ahead of target, delivering on our Horizon 1 strategic objective Corporatedebt repaid $12.5m Reducing drawn balance to $20m FY26 market guidance – delivered Originations $1.9bn +32% pcp Growth Closing loan portfolio $3.1bn +22% pcp Growth Cost-to-net margin 56.7% down 7% yoy Cash PBT $30.8m +117% pcp Profitability Efficiency Macro & Markets 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.0% 1H23 2H23 1H24 2H24 1H25 2H25 1H26 2H26 Portfolio net interest margin vs 3yr bond rate 6 Plenti benefits from attractive markets that demonstrate strong growth and positive margin opportunities through time Plenti has delivered loan portfolio growth and margin stability despite funding market volatility Iran war Liberation day Loan portfolio 2H22 $1.3bn 2H26 $3.1bn 24% 4-year CAGR Portfolio net interest margin 3-year AU bond rate Auto ABS note margin 1.7% 2.0% 1.5% 1.2% 1.0% Improving funding outcomes support portfoliomargins 7 Plenti’s proprietary technology enables our growth across several large prime lending verticals Plenti still has small shares of large markets Diversification allows PLT to react to shifts in market conditions to deliver consistent profitable growth Capturing an additional 1.7% of the total addressable market could deliver an extra $1bn of Plenti lending 7 0 5 10 15 20 25 30 35 40 45 Market opportunity Plenti share Automotive annual originations ($bn) ~2% market share 3. Renewable market opportunity based on reported originations data for key market participants and management estimates 5. GreenConnect is Plenti’s proprietary platform for establishing our customer’s virtual power plant 4. Personal lending market opportunity based on ABS Lending Indicators Table 27 fixed term loans LTM to March 2026, excluding refinancing and purchase of road vehicles 1,2 0.0 0.2 0.4 0.6 0.8 1.0 1.2 Market opportunity Plenti share Renewable annual originations ($bn) 1,3 1,4 ~30% market share 0 2 4 6 8 10 12 14 16 18 20 22 Market opportunity Plenti share Personal lending annual originations ($bn) ~3% market share 1. Market opportunity defined as annual originations for each respective vertical 2. Automotive market opportunity based on ABS Lending Indicators Table 27 fixed term loans, purchase of road vehicles LTM to March 2026 and management estimates Demanddrivers • Australian demographics • EV transition • New model entry (China) Plenti's edge • Technology • Broker network • NAB, Tesla, Cadillac partnerships • Compelling product features Demanddrivers • Australian demographics • Ongoing consumer desires • Looming technologies (e.g. robots) Plenti's edge • Technology • Digital STP • Broker network Demanddrivers • Electrificationof society • Geopolitics(Energy costs) • Govt incentives (Fed + State) Plenti's edge • Technology • Installer network • GreenConnect5 • Partnershipcapabilities Competitive Advantages Our proven competitive strengths work together to deliver strong consistent performance and growth momentum 9 Risk Management Technology Diversification The Plenti differentiators Plenti operates across diverse and complementary lending verticals that allow us to take advantage of shifts in market conditions to deliver consistent profitable growth Plenti’s focus on prime borrowers delivers low losses and volatility through the cycle, supporting growing profitability and improving treasury outcomes Diversification Risk Management Plenti’s scalable digital platform effectively supports our lending verticals and creates operating leverage as we grow, with a track record of improving cost effectiveness Technology 10 The Plenti platform delivers outstanding customer experiences, market diversity and an enviable 10+ year credit track record • Total control across our proprietary end- to-endplatform significantly reduces relianceon third parties • Speed and agility delivers rapidproduct iteration and deployment of new AI technologies • Deeply integrated partnerexperiences are architectedinto the platform • Scalable architecture enablesreuse of capabilities across all lendingverticals • Integrated credit capability and decisioning is embeddedwithin the platform Plenti has a unique market presence with diverse and complementary distribution channels in three markets • Uniquely positioned as only NBFI lenderacross all three of our distinct markets • Complementary distribution across direct, brokers, installers, OEMs, NAB and government • Channeldiversity supports performance across changing macro conditions • Reduced dependence on any single channel partner(s)or market vertical • Re-lending and cross-sell growth enabled by diverse distribution channels & markets Plenti’s purpose-built credit engine leveragesdata and AI to betterassess customerrisk and deliverconsistently low loss rates • Fast, scalable and consistent credit assessment of prime borrowers • Straight through processing delivering‘no human touch’ decisioning • Highly responsive to changing loss trends, macro conditions and performance • Rapid adjustment of underwriting rules and credit settings • Speed and quality of decisioning enabledby automation and AI adoption Diversification Risk management Auto Renewable Personal × 4 distribution channels Direct • Broker • Installer • Strategic 94bps FY26 annualised net losses Direct • Broker • Installer • Partners 11 Steadily increasing Cash PBT and self-funding growth Continued investment in Plenti platform Increased STP and leverage of AI tools Reducing cost to net margin Cost leverage as we scale Disciplined credit decisions Consistently low loss rates Improving treasury outcomes Disciplined credit Rapidly growing loan originations Fast, simple & easy customer journeys Enabling diverse channels to market Penetration of large and attractive markets Rapid origination growth Plenti’s loan origination growth, consistently low losses and cost leverage has started a virtuous cash generation financial fly-wheel Financial & Operational Results 53 89 143 211 259 312 FY21 FY22 FY23 FY24 FY25 FY26 264 745 998 1,226 1,431 1,779 86 142 201 272 341 427 264 413 568 641 764 900 615 1,300 1,766 2,138 2,537 3,106 FY21 FY22 FY23 FY24 FY25 FY26 Automotive Renewable energy Personal Plenti continued its strong growth trajectory in FY26 across all verticals and distribution channels 13 30% loan revenue 3-year CAGR Loan portfolio grew to >$3.1bn, with profitable growth across each lending vertical … which drove meaningful revenue growth to >$310m 71%1 Auto/ Green 1. Lower credit risk secured automotive and unsecured renewable energy loans represented 71% of the loan portfolio at the end of FY26 2. Automotive portfolio and originations figures include NAB powered by Plenti (NPBP) 3 2 21% loan portfolio 3-year CAGR … with continued momentum in originations 231 639 572 624 709 994 57 98 122 159 189 239 182 365 437 418 519 636 470 1,102 1,131 1,201 1,417 1,868 FY21 FY22 FY23 FY24 FY25 FY26 Automotive Renewable energy Personal 18% originations 3-year CAGR 2 14 Plenti’s technology, diversity and credit performance have combined to deliver consistent increases in profitability Rapid origination growth Fast journeys+ diverse channels ↓ Penetrating large markets ↓ Loanbook growth Disciplined credit Prime focus + 10yr track record ↓ Proprietaryin-house credit engine ↓ Low losses → improving treasuryoutcomes Cost leverage STP + AI tools ↓ Operational scale ↓ Cost-to-net margin56.7% Ongoing profit growth $30.8m (15) (10) (5) 0 5 10 15 20 25 30 35 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Cash PBT ($m) ( ↑ 117%) FY26 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY26 highlights • 40% originations growth on pcp, 24% portfoliogrowth on pcp • Stronggrowth across both consumerand commercial offerings • Consumer growth supportedby continued product and policy enhancementsand expansion in active broker base • Commercial loan originationsincreasedby 50% due to refresh and relaunchof Commercial auto strategy • Continue to drive differentiation in broker experiencethrough technologyand service • Continuedexpansionof OEM and dealer partnerships including Tesla and Cadillac promotional offers • NAB poweredby Plenti volumes continuingto increase(see further slide 19) Plenti’s automotive loan book continued to grow strongly, supported by diversified distribution across brokers, OEM partners and NAB 15 Closing loan book1 $1,779m Automotiveoriginations1 $994m >90k Vehicles funded to date Automotive loan book1 ($m) 21% 3-year CAGR +24% 1. Automotive loan book and originations figures include NAB powered by Plenti (NPBP) loans +40% 0 50 100 150 200 250 300 350 400 450 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Closing loan book $427m Renewable originations $239m 83% Installationsfunded with batteries FY26 highlights • Significant growth in originations (+26%) driven by strong consumerdemandfor solar batterysystems – Supportedby federal and state battery rebate programs – Some offset from regulatorychangesand batterysupply chain constraints • Successful launch of revisedBNPL offering post regulation change, with several large installersswitching to Plenti given superior product and customerexperiencein regulatedenvironment • Continued GreenConnect expansionwith addition of several energy retailer partnerships, broadeningVPP offerings and batteryeligibility • LaunchedWA Government Residential Battery Scheme in role as exclusive administratorand financier – Demandhas significantly exceeded expectations, managedsuccessfully via the scalable Plenti technology platform The renewable loan book grew significantly, driven by demand for solar battery systems spurred by federal and state incentives 16 Renewable energy loan book ($m) 29% 3 -year CAGR +25% +26% +133% 0 100 200 300 400 500 600 700 800 900 1,000 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Closing loan book $900m Personal lending originations $636m 57% Growth in cross sell & refinance FY26 highlights • Stronggrowth in originations (+23%) and loan portfolio(+18%) across both direct and brokerchannels • Stablecredit quality and performance despite significant growth • Continuedinvestment in credit engine and customerjourney driving – Higher automated“Straight through processing”credit decisioning rates – Improvedborrower conversion metrics; – Higher brokerconfidence and multi- product usage – Early adoption of AI use cases to simplify and improve journeys • Significant API integrationlaunchedwith large rate comparison partner • Data infrastructure and borrowerportal improvementsdelivering increasedcross-sell and refinance volumes for existing customers Significant growth in personal lending was driven by technology enhancements in our credit engine, customer journeys and third-party integrations 17 Personal loan book ($m) 17% 3 -year CAGR +18% +23% 0 20 40 60 80 100 120 NPBP loan book ($m) “NAB powered by Plenti” car loan continues to gain traction across NAB’s customer base 18 FY26 highlights • Drove material loan portfolio growth • Ongoing collaboration with NAB delivered numerous improvements to the car loan product throughout the year, including: – Integrationof the eligibility and personalised quote experience directly into the NAB Mobile App and Internet Banking portals – Application and settlement UX improvements across Plenti-ownedjourney stages, supporting strong NPS outcomes – Optimisation of acquisition and credit strategies, delivering positive portfoliooutcomes to date Expandingcar loan distribution – Expansionof distribution into NAB’s banker assistedchannel is planned for rollout in H1FY27 – Partnershipeconomicsrevised following joint review to enable greaterinvestment in growth1 Deepening campaign sophistication – NAB and Plenti continuingto design and implement specialisedoffers and campaignsfor targetedsegments within NAB’s base – New frameworkfor co-investment in mutually beneficialmarketing initiatives agreed Executing on renewable proposition – Renewable energy finance referral programis under active development – Anticipatedlaunch to NAB Homeowner customer base in H1FY27 Building product maturity and further scale 35% daily originations growth 1) Further detail regarding the revised partnership economicsis provided in Plenti’s FY26 full-yearresultsannouncement, dated 20 May 2026 19 Plenti achieved outstanding results across all financial metrics to more than double Cash PBT to $30.8m Growth Loan portfolio • 23% increase in average portfolio on pcp to $2.8bn Revenue • 20% revenue growth to $312m Profitability Cash PBT • Cash PBT of $30.8m – up 117% on pcp Margins • Expanded NIM by 14 basis points on FY26 due to strong funding outcomes Credit • Outstanding credit result – annualised net losses of 94bps Costs • Continued to open “profitability jaws” – margin growth of 1.45x operating cost growth Cashflow • Meaningful cash generation – generated $20.6min corporate cash post funding portfolio growth Funding ABS issuance • Completed three ABS transactions raising $1.4bn at very competitive margins Warehouses • Established new, efficient, multi-product warehouse with cost improvements on existing warehouses Corporate funding • Material cash generation allowed $12.5m paydown of corporate debt to $20.0m 1,977 2,303 2,823 Average loan portfolio ($m) 20 Plenti delivered 23% average loan portfolio growth to ~$2.8bn, with a $3.1bn portfolio at 31 March 2026 23% Commentary • 23% growth in average loan portfolio on FY25 to $2.8bn – 43% growth over two years • Growth in revenue due to loan portfolio growth – interest yield now flattened given more stable rate environment for most of last 24 months • Originations of $1,868m up 32% on FY25 – excellent origination growth • Amortisation rate increased slightly to 3.8% in FY26 – consistent with strong credit conditions as consumer cashflow dynamics remained solid 16% 43% 1. Average loan portfolio, amortisation and originations include NPBP 2. Interest yield calculated as interest revenue / average loan portfolio excluding NPBP 3. Amortisation calculated as change in closing loan portfolio less new loan originations for the period as a % of the period average loan portfolio FY24 FY25 FY26 Interest yield 10.5% 11.1% 11.1% Interest revenue ($m) 207.2 254.5 305.4 Originations 1,201 1,417 1,868 Amortisation rate 3.5% 3.7% 3.8% 5.2% 5.3% 5.5% 5.7% Commentary • Increased NIM 14bps in FY26 on FY25 – Strong funding outcomes across ABS deals and warehouse extensions – Seeing benefit in credit rating outcomes from lengthening track record, particularly in automotive lending • NIM increase of 7bps from 1H26 to 2H26 notable given swap cost challenges in 2H – driven by very strong funding results • Maintained NIM while growing average portfolio 43% over last two years – balanced focus on margin and growth • Exit rate NIM on new originations 5.7% for April – Ongoing repricing on new originations has supported margin recovery following pressure in 4Q26 – To maintain portfolio NIM need to originate loans at above portfolio average given higher-margin personal loans amortise faster than portfolio • April transaction costs slightly lower due to origination mix in month, trending around 1.0% in recent months Plenti expanded NIM to 5.5% in FY26, supported by outstanding funding outcomes 21 1. Interest yield and transaction cost yield calculated as a % of average loan portfolio excluding NPBP 2. Funding costs calculated as a % of average funding debt 3. NIM = net interest margin. Calculated as interest revenue less loan funding costs / average loan portfolio excluding NPBP FY24 Portfolio FY25 Portfolio FY26 Portfolio April new originations Interest yield1 10.5% 11.1% 11.1% 12.3% Funding costs2 5.2% 5.7% 5.6% 6.6% Net interest margin3 5.2% 5.3% 5.5% 5.7% Transactioncosts 1.1% 1.1% 1.0% 0.8% Net interest margin 1H 5.2% 5.3% 5.4% 2H 5.2% 5.3% 5.5% 1.1% 1.10% 0.94% 1.04% FY24 FY25 FY26 Apr Portfolio Realised loan impairment expense (%) Commentary • Very strong credit outcomes throughout the year with realised loan impairments of 0.94% – Reflects high quality of Plenti borrowers and solid consumer credit position • Last three years show stable and consistent credit loss results – including on a half-on-half basis • No material changes in credit entering FY26 year as reflected in April loss result • ECL provision at 31 March 2026 was $57.9m or 1.93% of loan portfolio – Modelled portfolio ECL rate stepped down meaningfully on prior year given strong credit loss outcomes and low arrears – Increased macroeconomic overlay from 14% to 23% at 31 March 2026 given economic risks resulting from Middle East conflict Our focus on high quality prime borrowers delivered a net loss rate of 0.94% for the year 22 % of loan portfolio 1.98% 1.94% 49.9 57.9 8.1 4.9 (5.0) Mar-25 Portfolio growth Provision rate Macro overlay Mar-26 Expected credit loss provision ($m) 1. Ongoing portfolio loss rate for April 2026, excluding benefit of aged receivables sale completed in the month 1 1H 0.99% 1.11% 0.94% 2H 1.13% 1.10% 0.93% Plenti continued to show disciplined cost management and operating efficiency to deliver positive jaws 23 Commentary • Key driver of the improvement in Plenti’s profitability in recent years has been the differential in growth between net margin dollars (Margin) and operating costs – Margin has grown at a CAGR of 39% since FY21 – Operating costs have grown at a CAGR of 20% • In FY26 Margin grew at 27% against operating cost growth of 19% - or 1.45x margin to cost growth – Enabled by Plenti’s technology platform which delivers efficiency as the business scales – ongoing focus on continuous improvement • Operating cost leverage despite conscious decision to invest more in 2H26 to support future business growth 1. Net margin calculated as net income less loan funding costs 0 10 20 30 40 50 60 70 80 1H21 2H21 1H22 2H22 1H23 2H23 1H24 2H24 1H25 2H25 1H26 2H26 Operating costs vs net margin ($) Net margin Operating costs • FY26 Cash PBT of $30.8m, up 117% on prior year, Cash NPAT of $27.3m, up 97% on prior year – Will report Cash PBT as Plenti transitions to full tax-paying to provide clearer view of underlying business performance • Growth in revenue of 20% reflected 23% increase in average loan portfolio with stable average borrower rates • 16bps reduction in loss rates saw realised losses grow modestly at 2% despite material loan portfolio growth • Modest increase in Sales and marketing expenditure and Product development reflecting ongoing investment in teams – Some direct marketing expenses now reflected in transaction costs given different partner charging structures – Per usual approach, all technology spend expensed in the period • Operations expense growth of 32% to support origination growth of 32% onpcp with 21% growth in other overheads – intentional investment in 2H26 to support future growth • Ongoing transition to paying full income tax given profitability of recent years has utilised historic losses – all losses now consumed with FY27 to include full corporate tax (see slides 42-43 in appendix for further tax details) Our growing loan book, prime credit approach and cost leverage increased Cash PBT by 117% to $30.8m 24 $m FY25 FY26 % change Interest revenue 254.5 305.4 20% Other income 4.9 6.8 38% Total revenue pre transaction costs 259 312 20% Transaction costs (24.7) (26.9) 9% Net income 234.7 285.4 22% Loan funding costs (132.4) (155.1) 17% Expense passed to unitholders 0.0 0.5 >200% Customer loan impairment expense (28.2) (33.7) 20% Realised loan impairment expense (25.4) (25.8) 2% ECL provision expense (2.8) (7.9) 184% Sales and marketing expense (14.9) (16.1) 8% Product development expense (14.1) (15.9) 13% General and administration expense (33.2) (41.8) 26% Operations expense (16.0) (21.0) 32% Other overhead expense (17.2) (20.8) 21% Corporate funding costs (3.7) (3.6) (3)% Depreciation & amortisation (1.6) (1.6) 1% Income tax benefit / expense 18.1 (3.6) (120)% NPAT 24.8 14.3 (42)% Cash PBT 14.2 30.8 117% Cash NPAT 13.8 27.3 97% Substantial operational cash generation and efficient funding outcomes enabled repayment of $12.5m of corporate debt 25 Commentary • Given all technology spend is expensed, corporate operating cashflow will move with Cash NPAT • Significant increase in Cash NPAT to $27.3m saw corporate operating cashflow increase to $21.8m – Most material variance item is broker commission payments where cash outflow exceeds P&L given strong origination growth (see further appendix slide 39) • Despite strong growth in loan portfolio, released net $3.0m of capital from funding facilities – Result supported by very efficient ABS rating outcomes given strong credit track record and new efficient warehouse structure • Material cash flow generation enabled corporate debt paydown of $12.5m (balance reduced to $20.0m) • Available corporate cash also increased by $8.1m1 See appendix slide 39 for breakdown Averagefunding portfolioequity reduced from 2.4% to 1.9% 1. Reported Corporate cash increased by $9.8m from 31 March 2025, however, $1.7m of the increase relates to customer collection accounts held by Plenti which are not available for general corporate purposes See appendix slide 39 for breakdown 27.3 21.8 20.6 8.1 5.5 45.3 48.3 4.2 12.5 Cash NPAT Cashflow variance items Corporate free cashflow Capital invested in warehouses Capital released from funding structures Other corporate cashflow items Corporate cash generated Repayment of corporate debt Net change in corporate cash Corporate cashflow bridge ($m) 213 2,054 837 605 31 Mar 2026 Loan portfolio funding ($m)1 Plenti delivered excellent funding outcomes across warehouses and ABS transactions in FY26 Commentary • Very strong year for Treasury as Plenti continued to scale and diversify its funding base • Strong market conditions and execution delivered very efficient pricing outcomes for FY26 ABS transactions – lowest weighted pricing since 2021 • Added new efficient warehouse with global investment bank funding both secured and unsecured products 1. Warehouses include settlement facility. Both warehouses and ABS funding values include notes held by Plenti ($72.9m equity notes, $10.8m junior commission notes and $5.8m contingent notes) which eliminate on consolidation in the Group financial statements 2. Auto 2024-1 ABS weighted average note margin 1.5%, Auto 2025-1 ABS weighted average note margin 1.2% 3. PLG 2025-1 ABS weighted average note margin 1.4%, PLG 2026-1 ABS weighted average note margin 1.1% 26 Weighted average note margin Personal & Green 1.6% 2.2% 1.9% 1.4% 1.4% / 1.1%3 Auto 1.0% 1.7% 2.0% 1.5% / 1.2%2 1.0% 306 437 406 458 559 509 280 300 375 330 400 400 FY22 FY23 FY24 FY25 FY26 ABS issuance track record ($m) Personal & Green Auto Warehouse headroom Warehouses - drawn ABS structures Marketplace lending platforms Strategy 28 Having executed Horizon 1 successfully, we will now “Grow by also doing new things” in Horizon 2 • Large untapped market share across all core verticals • Significant opportunity within existing distribution channels • Continued investment in customer experience, automation and conversion • Ongoing product, pricing and credit optimisation initiatives Disciplined expansion Maintain and grow our existing verticals whilst simultaneously selectively expanding into adjacent opportunities leveraging our existing technology, distribution, funding and credit capabilities • Commercial auto & equipment finance • Additional strategic partnerships • Adjacent product opportunities Horizon 3 Grow by scaling boldly into new opportunities March 2026 March 2028 March 2030 1 year 2 years We are here! Expand our thinking Leverage the growing scale of the business Explore a greater range of potential options available to a profitably scaling business: • Additional products • Potential acquisitions Horizon 1 Grow by doing what we do – but better Disciplined focus Horizon 2 Grow by also doing new things (Continuing optimisation) (Ongoing growth) (Leverage optionality) Renewable • Extension of product offering into air-conditioning and energy efficient appliances • Relaunch of BNPL product • Continued targeting of 3rd party integrations Automotive • Continued optimisation of Consumer Auto customer journeys to improve experience and increase straight through processing rates Clear profit pools with attractive NIMs We understand customers and/or brokers needs in these segments There are customers that we can build longer term more meaningful relationships with as evidenced by relend and cross sell rates We can create a (measurable) competitive advantage in these new segments We have sufficient execution capacity to enter the new market appropriately – and the opportunity cost of doing so is reasonable 29 Given the attractive returns from our relatively small shares of existing large markets, continued focus here makes absolute sense… Opportunity criteria: …plus disciplined environment scan Focus on existing core… AND AND AND AND Personal • Continued optimisation of PL customer journeys to improve experience and increase straight through processing rates Plenti Digital Platform • Implementation of AI use cases • Credit appetite expansion and optimisation • Customer self serve capability enhancements 30 … and we’ve refreshed and relaunched Commercial Auto as our first Horizon 2 opportunity The Commercial Auto market represents a significant and logical opportunity for Plenti Our refreshed Commercial Auto product launch … … is delivering exciting early loan origination growth momentum • Product fully refreshed in the Plenti platform • Updated product proposition including Early Termination Fee and other features • Dedicated national business development team • Dedicated underwriting team and operating model • Engaged new ecosystem of specialist commercial brokers • Six key commercial aggregators, with a combined 341 “commercial-focused“ brokers have been mapped • Focused engagement with these brokers is delivering early results • Volume with this network grew 70% year on year • Current strong loan originations generated from existing “consumer-focused” broker network • Loan originations continue to accelerate • Q4 grew 15% over Q3 • Q4 grew 68% over PCP • A compelling opportunity exists to push into commercial asset finance adjacency once foundations are established • 1st new opportunity for Horizon 2 • Clearly defined demand for SME and Tradies purchasing cars and utes with an ABN exists within the segment • Commercial Auto is a clear and compelling adjacency to Plenti’s existing Consumer Auto business • Plenti’s existing track record with ‘basic’ commercial product and predominantly consumer focused broker network is already delivering and highly leverageable • Mapping of new specialist commercial aggregators and broker networks suggest annual flow exceeds $13bn • Financing of Trucks and Commercial Equipment provides a further adjacent growth trajectory for Plenti Outlook 32 Plenti has an outstanding track record of delivering strong results every year since listing FY24 Growth FY25 FY26 Profitability Efficiency Our track record FY27 objectives Growth To build on loan origination growth momentum and exit FY27 having achieved a $600m/quarter Profitability Continue to drive meaningful Cash PBT growth Efficiency Cost to net margin below 55% Mature steady -state 3.1 3.3 3.5 3.7 3.9 4.1 4.3 4.5 4.7 4.9 5.1 5.3 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 Oct-26 Nov-26 Dec-26 Jan-27 Feb-27 Mar-27 Apr-27 May-27 Jun-27 Jul-27 Aug-27 Sep-27 Oct-27 Nov-27 Dec-27 Jan-28 Feb-28 Mar-28 Apr-28 May-28 Jun-28 Jul-28 Aug-28 Sep-28 Oct-28 Nov-28 Dec-28 Jan-29 Feb-29 Mar-29 Apr-29 May-29 Jun-29 Jul-29 Aug-29 Sep-29 Oct-29 Nov-29 Dec-29 Jan-30 Feb-30 Mar-30 Apr-30 May-30 Jun-30 Jul-30 Aug-30 Sep-30 Oct-30 Nov-30 Dec-30 Jan-31 Feb-31 Mar-31 Apr-31 May-31 Jun-31 Jul-31 Aug-31 Sep-31 Oct-31 Nov-31 Dec-31 Jan-32 Feb-32 Mar-32 Apr-32 May-32 Jun-32 Jul-32 Aug-32 Sep-32 Oct-32 Nov-32 Dec-32 Jan-33 Feb-33 Mar-33 Apr-33 May-33 Jun-33 Jul-33 Aug-33 Sep-33 Oct-33 Nov-33 Dec-33 Jan-34 Feb-34 Mar-34 Apr-34 May-34 Jun-34 Jul-34 Aug-34 Sep-