Announcement PDF COMPANY UPDATE Q3FY25 APRIL 2025 1 SET UP FOR SUSTAINABLE GROWTH Disciplined loan origination and book growth with improved asset quality and attractive outlook Structural tailwinds creating business opportunities Investment in automation creating efficiencies Strong capital and funding supports growth outlook Reflecting strong year-to-date performance, Wisr is upgrading its guidance to 90%+ loan origination growth in FY25 (up from 75% 2 KEY Q3FY25 RESULTS LENDING $111M New loan originations FINANCIAL 11.25% Portfolio yield CAPITAL $22.4M Revenue Well capitalised with unrestricted cash of ↑54 bps Q3FY24 10.71% ↓3% Q3FY24 $23.1M $777M 5.60% $10.7M Wisr loan book as at Mar-25 Portfolio NIM2 Portfolio NIM2 ↓3.8% Mar-24 $808M ↑2.7% Dec-24 $757M ↑36 bps Q3FY24 5.24% ↓$0.1M Q3FY24 $10.8M 800 1.48% 1.99% Average credit score of total book1 as at Mar-25 On-balance sheet 90+ day arrears ↑6 Mar-24 794 ↓23 bps Mar-24 1.71% Net losses $47.5M $22.5M additional loan repayments3 made via one-time payment feature $15.0M $10.6M Available to draw from corporate facility to fund future growth in round ups3 used to pay off customer debt $98.6M 74 ↑115% Q3FY24 $51.6M ↑19% Q2FY25 $93.5M CUSTOMER Undrawn warehouse capacity Customer Net Promoter Score ↓23 bps Q3FY24 2.22% Note: Q3FY25 financial metrics and performance are unaudited 1 Total loan book weighted average Equifax credit score is the score at the time of application, includes active loans and excludes loans written off 2 NIM defined as loan book yield less finance costs, excluding corporate facility interest cost and hedge accounting impacts 3 Since inception 3 WISR AT A GLANCE Since 2018, Wisr has supported Australians in reaching their personal and financial goals We are a sophisticated, purpose-built fintech lender with a proven track record of executing in the debt capital markets Our mission is to improve Australiansʼ financial health by reinventing the consumer finance experience through our award-winning, proprietary technology platform 1 2 number of 68K total customers supported 1 2 warehouses 3 active term deals 1 called term deal Loan customers engaged with the proprietary Wisr platform are 29%2 further ahead on their loans We have strong and diversified distribution channels including an established broker network and direct-to-customer via our proprietary platform loan $2.1B total originations Technology-driven automation enabling Wisr to scale efficiently by streamlining credit decisions, improve loan servicing and arrears management automatically approved 79% ofby loans AI powered decision engine Total number of customers supported via loans written Based on average comparison of engaged and unengaged Wisr Platform loan customers that are current and not in arrears during Q3FY25. 4 AUTOMATION TO SCALE Automation of loan approval and verification processes ● 79% of loans automatically approved by AI powered decision engine Industry-leading arrears management platform driving losses improvement CREDIT DECISIONS AUTOMATED ● New arrears management platform that harnesses the power of scalable data infrastructure ● Supports scalability by efficiently managing higher volumes without compromising credit quality, speed, accuracy or increasing cost EFFICIENCY GROWTH ● Data driven arrears management segmentation ● Real-time payment channels, available via the Wisr app, website, and Wisr Agents, offer seamless, convenient payment options PORTFOLIO QUALITY New cloud native loan ledger platform ● Supports strong growth and high transaction volumes ● Reduction in manual processes ● Faster processing of loan servicing and real time account updates ● Improved reporting and decision making OPERATING LEVERAGE SCALABILITY 5 WELL DIVERSIFIED CUSTOMER BASE Where are our customers located? Our customersʼ employment status NT 1% Full-time 73% Self-employed 5% QLD 35% WA 16% NSW 22% SA 5% TAS 2% VIC 19% Why are customers coming to us? ACT 1% Part-time 8% Vehicles1 64% Casual 14% Personal loans Secured vehicle loans 68% 32% of loan book of loan book New loan size average3 Debt consolidation 12% Home improvements and contents 11% Other2 13% Source: Internal Wisr data on loan principal balance, as at Mar-25 1 Comprises Secured Vehicle Loans 32% of total portfolio), and Personal Loans 32% of total portfolio) 2 Includes travel, medical, legal, weddings, and/or mixed purposes 3 For the quarter ended Mar-25 4 Total loan book weighted average Equifax credit score is the score at the time of application, includes active loans and excludes loans written off What does the average Wisr loan book customer look like? $33,455 Credit score average4 800 6 STRUCTURAL TAILWINDS ● The major banksʼ market share of the Personal and Secured Vehicle Lending market continues to decline Share of total household lending with banks1 ● Their focus is Mortgages and Business Lending, away from Personal Lending 74% market share in Dec-19 down to 61% in Dec-24 ● Two major banks recently exited the Secured Vehicle Lending market ● ABS issuances have increased substantially in the last two years as non-bank lenders increase their Secured Vehicle Lending market share ● These structural tailwinds are creating opportunities for non-bank lenders such as Wisr Market opportunity / TAM3 SVL & Equipment ABS Issuance Breakdown2 $46B $12B Wisr market share Wisr market share 0.2% 1.9% Secured Vehicle Loan originations 1 2 3 Personal Loan originations Source: Reserve Bank of Australia; Personal loans data refers to unsecured lending only Source: Westpac Securitisation and Covered Bond Strategy, Bloomberg Total addressable market size is a management estimate, which includes consumer and commercial lending segments 7 STRONG AND DISCIPLINED LOAN ORIGINATION GROWTH ● The Company delivered another consecutive quarter of strong loan origination growth in Q3FY25 Loan originations 115% growth 19% growth ● Loan originations increased to $111.0M in Q3FY25, up 115% on Q3FY24 $51.6M) and up 19% on Q2FY25 $93.5M ● Wisr has a significant scale opportunity across its target segments, with current market share below 1% in secured vehicle lending and under 2% in personal loans $37.2M $73.8M ↑255% ↑80% Q3FY24 $10.5M Q3FY24 $41.1M Secured Vehicle Loan originations Personal Loan originations 8 RETURN TO LOAN BOOK GROWTH ● Following sustained loan origination momentum, the total loan book has grown for a second consecutive quarter, reaching $777M as at Mar-25 Dec-24 $757M Loan book Two consecutive quarters of loan book growth ● Secured vehicle loan book increased 2% to $270M ● Personal loan book increased 3% to $507M $270M $507M ↑2% ↑3% Dec-24 $264M Dec-24 $492M Secured Vehicle Loan Book Personal Loan Book 9 PORTFOLIO YIELD AND CREDIT QUALITY IMPROVEMENT ● Portfolio yield increased by 54 bps to 11.25% Q3FY24 10.71% ● Portfolio Net Interest Margin (“NIM2ˮ) increased by 36 bps to 5.60% Q3FY24 5.24%) due to improved yield and funding cost ● The quality of Wisrʼs portfolio remains high with its average credit score increasing for the third consecutive quarter to 8001 Portfolio yield 1 2 Portfolio NIM2 Total loan book weighted average Equifax credit score is the score at the time of application, includes active loans and excludes loans written off NIM defined as loan book yield less finance costs, excluding corporate facility interest cost and hedge accounting impacts Portfolio credit score1 10 ARREARS PERFORMANCE IMPROVEMENT Customer credit scores and 90+ day arrears ● 90+ day arrears of 1.48%, an improvement of 23 basis points compared to Mar-24 1.71%, and a 7 basis point improvement from Dec-24 1.55%, reflecting improved credit performance and the impact of Wisrʼs new arrears management platform ● Net losses of 1.99%, an improvement of 23 basis points compared to Q3FY24 2.22%) and a 27 basis point increase from Q2FY25 1.72%. The result remains well within the Companyʼs risk appetite Net losses $ and % 11 MATURE FUNDING PROGRAM SUPPORTS GROWTH ● WH1 Personal Loan WH) has $400M of committed funding $47M undrawn), WH2 Secured Vehicle WH has committed funding of $250M $51M undrawn) Funding at 31Mar-25 ● The corporate facility has committed funding of $50M $15M undrawn) ● Wisr has raised $875M across four ABS transactions – Freedom21 (successfully called), Freedom22, Independence23 and Freedom23 ● In Mar-25, Wisr released term deal capital with the sale of $5.0M of Freedom 23 G1 notes ● Work progressing on a third warehouse (mixed PL and SVL) with new senior and mezzanine funders 1 Call dates are forecasted based on expected prepayment rates and actual dates may vary Corp Facility WT1 WT2 F22 I23 F23 % drawn 70% 88% 79% 100% 100% 100% Facility start Jun-24 Oct-19 Oct-21 Jun-22 Feb-23 Dec-23 Facility expiry / call date1 Jun-27 Sep-25 Aug-25 Sep-25 Sep-26 Jul-27 Products Corp PL SVL PL SVL PL 12 STRONGLY CAPITALISED Cash held in warehouses and term deal trusts: ● Undistributed customer loan repayments (principal and interest) ● Unutilised funds from note subscriptions (predominantly third-party debt) ● Use of funds restricted to funding loans and operating warehouses and term deals e.g. Trustee fees Total cash on balance sheet $49.1M Cash on hand available for any business purpose Undrawn corporate facility available to fund the Companyʼs ongoing growth plans Wisr equity investment in funding trusts: ● PL Warehouse $18.0M ● SVL Warehouse $6.1M ● Freedom22 $5.5M, projected call date1 Sep-25 ● Independence23 $8.4M, projected call date1 Sep-26 ● Freedom23 $4.8M, projected call date1 Jul-27 As at 31Mar-25 1 Call dates are forecasted based on expected prepayment rates and actual dates may vary 13 EXECUTIVE SUMMARY Strong loan origination growth and upgraded guidance Loan book growth and margin improvement Improved loan book performance Strongly capitalised ✓ Reflecting strong year-to-date performance, Wisr is upgrading its guidance to: 90%+ loan origination growth in FY25 (up from 75% ✓ Loan originations increased by 115% to $111.0M Q3FY24 $51.6M ✓ Second consecutive quarter of disciplined loan book growth realised in Q3FY25 after a period of moderated loan volume and now on the pathway to a $1B loan book ✓ Continued portfolio margin improvement with yield of 11.25% Q3FY24 10.71%) and NIM1 of 5.60% Q3FY24 5.24%) to deliver a highly profitable business at scale ✓ Net losses improved by 23 bps to 1.99% Q3FY24 2.22% ✓ 90+ day arrears improvement to 1.48% Mar-24 1.71%) and remains well-within risk appetite ✓ Strongly capitalised for growth with $22.5M of unrestricted cash and $15.0M undrawn corporate facility ✓ Work progressed on third warehouse (mixed PL and SVL) with a new senior funder 1 NIM defined as loan book yield less finance costs, excluding corporate facility interest cost and hedge accounting impacts 14 QUESTIONS FOR YOUR SMART PART 15 DISCLAIMER No investment advice or offer of shares This presentation does not constitute investment advice, or an inducement or recommendation to acquire or dispose in any shares of Wisr, in any jurisdiction. Risks and assumptions This presentation contains statements (including forward-looking statements), opinions, projections, forecasts and other material, based on various assumptions. Whilst this presentation was prepared with care and attention, those assumptions may or may not prove to be correct. All forward-looking statements, whilst considered reasonable by Wisr at the date of this presentation, involve known and unknown risks, assumptions and uncertainties, many of which are beyond Wisrʼs control. There can be no assurance that actual outcomes will not differ materially from those stated or implied by these forward-looking statements, and readers are cautioned not to place undue weight on such forward-looking statements. To understand more about the risks and uncertainties faced by Wisr refer to the 2024 Annual Report. ABN 80 004 661 205 Statements about past performance are not necessarily indicative of future performance. To the extent required by law, neither Wisr of any of its directors, officers, employees and agents give any warranty, representation or guarantee as to the accuracy or likelihood of fulfillment of any forward-looking statement in this presentation or assumption upon which any part of this presentation is based or the accuracy, completeness or reliability of the information contained in this presentation. Non-GAAP financial measures A number of non-GAAP financial measures are used in this presentation. You should not consider any of these in isolation from, or as a substitute for, the information provided in the audited consolidated financial statements, which are available at: www.wisr.com.au Dollar estimates All references to dollars, cents or $ in this presentation are to Australian currency, unless otherwise stated. 16