Slide 1: FY26 Full year results
11 August 2026 FY26 Full year results Stuart Irving, Chief Executive Officer and President Nick Oldfield, Chief Financial Officer
Slide 2: FY26 Results
FY26 Results Computershare performing well. Dividend increased significantly Management Revenue Management EPS1 Margin Income (MI) $3.2bn 145.2 cps $748.7m Up 3.0% Up 7.3% Down 1.6% Return on Invested Management EBIT ex. MI Final Dividend (AUD)2 Capital (ROIC) 36.5% $447.5m 65 cps Up 70bps Up 8.3% U
Slide 3: Key messages
Key messages Strong businesses continue to deliver growth, momentum into FY27 Revenue growth across all business lines, Issuer Services +4.4%, Corporate Trust +5.7%, Employee Share Plans +10.2% Increased client balances mitigate 1H rate reductions, Margin Income set to increase in FY27 FY26 EBIT ex.
Slide 4: FY26 Business Unit Performance
FY26 Business Unit Performance Revenue growth across all business lines Issuer Services Corporate Trust Employee Share Plans Revenue Revenue Revenue $1,310.6m 4.4% $1,032.0m 5.7% $559.7m 10.2% Management EBIT Management EBIT Management EBIT $436.5m 4.2% $526.4m 2.8% $260.8m 24.3% EBIT Ma
Slide 5: FY27 Outlook
FY27 Outlook Earnings growth set to continue, Management EPS up around 6% Long Term Management EPS Growth FY27 Outlook 10.4% CAGR • Growth anticipated across all business ~ 154 lines 145.2 135.3 • Management EPS expected to be around 154cps, up 6% 118.3 • Margin Income expected to increase to 108.0
Slide 6: Market themes
Market themes Our strategy is to continue to act as the trusted bridge between traditional and digital markets, for issuers and their Digital shareholders, leveraging our technologies, infrastructure and expertise across multiple jurisdictions. Transfer Markets Agency remains an important, regulated
Slide 7: FY26 Management results summary
FY26 Management results summary Revenue ex MI +4.4%, EBIT ex MI +8.3%, margin expansion continues, up 70bps FY26 Actual FY25 Variance vs. FY26 Actual (at CC) Actual FY25 Actual Total revenue ex Margin Income $2,463.8 $2,359.0 +4.4% $2,510.3 Margin Income $748.7 $761.1 -1.6% $755.6 Total revenue $3,2
Slide 8: FY26 Margin Income
FY26 Margin Income Higher client balances (+6%) mitigate impact of lower rates. MI down 1.6% Exposed Margin Income Actual MI Result Cash Rate by Jurisdiction FY25 FY26 FY25 FY26 Australia 4.20% 3.84% • 63bps decline in weighted Avg Client Avg Weighted Avg Client Avg Weighted Canada 3.51% 2.39% avera
Slide 9: Margin Income, yields and average client cash balances
Margin Income, yields and average client cash balances FY27 MI expected to be ~$770m driven by balance growth and hedging benefits FY26 FY27 40 Continuing Business Average Balances by Rate Sensitivity Avg Client Avg Client Avg Weighted Avg Weighted 30 Balances MI ($m) Balances MI ($m) Yield (%) Yiel
Slide 10: Cost analysis
Cost analysis BAU Opex +4.5% vs. PCP. Below the line costs -34% in FY26 Operating expenses Below the line cash costs – to be eliminated by FY28 34% FY26 vs. BAU cost increase PCP $63.9m +4.5% 2,000 160 144.1 140 93.7 29.8 39.7 1,500 120 95.6 100 83.5 USD M USD M 1,000 80 1,529.5 60 47.3 1,425.9 81
Slide 11: Capital light. Cash generative. Increasing dividends
Capital light. Cash generative. Increasing dividends Balance sheet strength funds growth, investments and dividends Cash flow Capex Debt leverage Dividends Materially lower leverage ratio Cash conversion rate stable, Step up in both quantum and Capex lower than PCP. Majority reflects earnings growth
Slide 12: Computershare investment case
Computershare investment case High quality, capital light business with long term growth track record Track record – long term earnings growth, margins Group Revenue (USD M) EBIT Margin (%) 3,266 and dividends 40% 37.1% 3,500 35% Average historical 3,000 margin ~23% 30% 2,500 25% 2,000 High quality,
Slide 13: Appendix
Appendix 1
Slide 14: Appendices
Appendices Constant Currency Analysis Analysis at actual fx rates Analysis at actual fx rates (continued) FY26 results Key Financial Indicators Cost out programs Revenue, Margin Income, EBITDA and EBIT Computershare Profit and Loss Other expenditure by Business Segment Statutory results and manageme
Slide 15: FY26 Management results – constant currency and actual rates
FY26 Management results – constant currency and actual rates USD M At CC At Actual fx Revenue Margin Income At CC At Actual fx At CC At Actual fx Total Revenue ex MI 2,463.8 2,510.3 Issuer Services 1,310.6 1,327.4 227.3 230.0 Margin Income 748.7 755.6 Corporate Trust 1,032.0 1,033.0 418.8 419.2 Tota
Slide 16: Revenue, Margin Income, EBITDA and EBIT – constant currency
Revenue, Margin Income, EBITDA and EBIT – constant currency Revenue FY25 FY26 FY26 vs 25 EBITDA FY25 FY26 FY26 vs 25 Issuer Services 1,255.1 1,310.6 4.4% Issuer Services 459.4 427.9 -6.9% Corporate Trust 975.9 1,032.0 5.7% Corporate Trust 516.2 517.7 0.3% Employee Share Plans 507.8 559.7 10.2% Emplo
Slide 17: 2H26 Management EPS bridge
2H26 Management EPS bridge Management EPS up 10.5% vs. PCP Management EPS growth +10.5% 80 78 1.0 3.5 76 74 1.5 72 2.4 US cps 0.9 77.3 70 68 69.9 66 64 2H25 Buyback Organic business Margin Interest Tax 2H26 EPS accretion growth and Income Expense EPS cost out FY25 EPS is 135.28cps based on a WANOS o
Slide 18: Computershare's integrated business model
Computershare’s integrated business model Improving mix of revenues to higher quality recurring client fees FY26 vs. FY22-26 Revenue Profile PCP CAGR 5.2% 13.0% 3,500 3,149 2,994 3,000 2,841 2,590 2,500 1,574 3.8% 6.6% 1,517 1,930 1,434 2,000 1,395 USD M 1,500 1,218 626 716 826 15.4%
Slide 19: Issuer Services
Issuer Services Solid revenue growth across all business lines, Corporate Actions a highlight Revenue breakdown FY26 CC* FY25 Actual CC Variance Management EBIT Register Maintenance $717.4 $697.5 +2.9% $436.5m 4.2% Corporate Actions Stakeholder Relationship Management $134.8 $102.9 $110.3 $91.8 +2
Slide 20: Corporate Trust
Corporate Trust Increased issuance across all product lines drives higher Mandates under Management and fee revenues Revenue breakdown FY26 CC* FY25 Actual CC Variance Management EBIT Trust Fee and Other Revenue $551.2 $505.5 +9.1% $526.4m 2.8% MMF Fee Revenue Margin Income $61.9 $418.8 $54.7 $415
Slide 21: Employee Share Plans
Employee Share Plans Ongoing growth in AuA, underpinned by increased use of equity in remuneration, drives strong transactional revenues Revenue breakdown FY26 CC* FY25 Actual CC Variance Management EBIT Fee Revenue $183.7 $175.6 +4.6% $260.8m 24.3% Transactional Other $316.9 $15.0 $267.3 $14.7 +1
Slide 22: FY27 Outlook
FY27 Outlook Management EPS up around 6% Guidance 156 Guidance compared to FY26 Group 154 ~ 154cps, up ~ 6% vs pcp results ~ 2 152 Key assumptions ~ 2 EBIT ex MI Up ~ 3.5%, full year EBIT ex MI Margin ~19.0% 150 MI Around $770m with average client balances of 148 ~ 3 $32.8bn. ~ 154.2 US cps Interest
Slide 23: Actual FX rate analysis
Actual FX rate analysis 2
Slide 24: Key Financial Indicators
Key Financial Indicators 1H24 2H24 1H25 2H25 1H26 2H26 FY24 FY25 FY26 Total Management Revenue 1,611.7 1,697.8 1,507.6 1,612.6 1,583.5 1,682.3 3,309.5 3,120.2 3,265.9 Operating expenditure 990.1 1,032.6 908.9 967.5 978.7 1,002.4 2,022.7 1,876.3 1,981.1 Management EBITDA 621.7 665.6 598.8 645.1 604.9
Slide 25: Computershare Profit & Loss
Computershare Profit & Loss USD M (at actual rates) 1H24 2H24 1H25 2H25 1H26 2H26 FY24 FY25 FY26 Total Revenue ex MI 1,180.9 1,292.0 1,113.3 1,245.7 1,208.1 1,302.2 2,472.9 2,359.0 2,510.3 Margin Income 430.8 405.8 394.2 366.9 375.5 380.2 836.6 761.1 755.6 Total Management Revenue 1,611.7 1,697.8 1,
Slide 26: Statutory results
Statutory results Statutory results FY25 FY26 FY26 v 25 Total revenue 3,114.6 3,257.5 4.6% Management results are used, along with other measures, to assess Other income 13.9 10.9 -21.6% operating business performance. The Company believes that exclusion Total Revenue 3,128.5 3,268.4 4.5% of certain
Slide 27: Management adjustment items
Management adjustment items USD M (at actual rates) 1H24 FY24 1H25 FY25 1H26 FY26 Management adjustments items (net of tax) Amortisation 34.5 70.5 36.0 70.6 39.5 76.3 Amortisation of acquisition related intangible assets 34.5 70.5 36.0 70.6 39.5 76.3 Acquisitions and Disposals 60.2 238.5 17.7 35.5 4
Slide 28: Issuer Services profit and loss
Issuer Services profit and loss 1 FY26 Revenue by Region USD M (at actual rates) 1H24 2H24 1H25 2H25 1H26 2H26 FY24 FY25 FY26 FY26 ANZ Asia UCIA CEU USA Canada Total USD M (at actual rates) Register Maintenance 95.7 52.9 126.8 65.5 455.6 62.1 858.6 Register Maintenance 308.2 365.4 324.1 373.5 340.3
Slide 29: Corporate Trust profit and loss
Corporate Trust profit and loss CCT USA Other 1 USD M (at actual rates) 1H24 2H24 1H25 2H25 1H26 2H26 FY23 FY24 FY25 FY26 FY26 FY26 FY25 FY26 FY25 Total Revenue ex MI 252.1 264.3 269.0 291.1 302.0 311.9 516.4 560.2 613.8 613.8 548.9 502.0 64.9 58.2 Margin Income 205.0 215.0 220.2 195.5 211.9 207.4 4
Slide 30: Employee Share Plans profit and loss
Employee Share Plans profit and loss USD M (at actual rates) 1H24 2H24 1H25 2H25 1H26 2H26 FY23 FY24 FY25 FY26 FY261 Fee revenue 79.0 87.4 88.0 87.6 94.8 97.1 166.5 175.6 191.8 191.8 Employee Share Plans Transactional revenue 84.3 135.8 113.6 153.7 128.7 203.6 220.0 267.3 332.3 332.3 comprise the pr
Slide 31: Corporate & Other profit and loss – new divisional reporting explained
Corporate & Other profit and loss – new divisional reporting explained New changes; Voucher Services separated from Employee Share Plans, Voucher Services, Mortgage Services & Property Rental Services, Communications Services & Utilities and Technology Services & Operations all consolidated into Cor
Slide 32: Mortgage Services & Property Rental Services profit and loss
Mortgage Services & Property Rental Services profit and loss 1 USD M (at actual rates) 1H24 2H24 1H25 2H25 1H26 2H26 FY23 FY24 FY25 FY26 FY26 FY26 Revenue by Region ANZ Asia UCIA CEU USA Canada Total USD M (at actual rates) Total Revenue ex MI 219.6 167.3 51.9 49.7 56.5 10.8 386.9 101.6 67.4 67.4 UK
Slide 33: Communication Services & Utilities profit and loss
Communication Services & Utilities profit and loss USD M (at actual rates) 1H24 2H24 1H25 2H25 1H26 2H26 FY23 FY24 FY25 FY26 FY261 Communication Services 83.8 92.1 87.1 95.8 78.7 80.6 175.8 182.9 159.3 159.3 Communication Services and Utilities 4.4 4.8 4.8 4.9 5.9 5.5 9.2 9.7 11.4 11.4 Utilities ope
Slide 34: Technology Services & Operations profit and loss
Technology Services & Operations profit and loss USD M (at actual rates) 1H24 2H24 1H25 2H25 1H26 2H26 FY23 FY24 FY25 FY26 FY261 Total Revenue ex MI 9.5 9.3 16.4 7.4 12.3 7.4 18.7 23.8 19.7 19.7 Margin Income 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total Management Revenue 9.5 9.3 16.4 7.4 12.3 7.4
Slide 35: Revenue definitions
Revenue definitions Classification USD M FY24 FY25 FY26 FY26 @ CC Issuer Services Client Fees Register Maintenance - Issuer Paid 446.0 451.9 456.1 447.1 Transactional Fees Register Maintenance - Holder/Broker Paid 227.6 245.7 272.6 270.3 Event Fees Corporate Actions 105.9 110.3 135.9 134.8 Event Fee
Slide 36: Revenue by Country (USD and Local Currency)
Revenue by Country (USD and Local Currency) USD M (at actual rates) USD M (at actual rates) Australia Hong Kong UK & Offshore Switzerland South Africa Germany USA Canada Other Total Revenue FY26 Register Maintenance 87.2 52.9 92.4 11.9 13.5 26.3 455.6 62.1 56.7 858.6 ANZ 222.1 Corporate Actions 19.5
Slide 37: Revenue excluding acquisitions and disposals
Revenue excluding acquisitions and disposals USD M (at actual rates) 1H24 2H24 1H25 2H25 1H26 2H26 FY24 FY25 FY26 Management Revenue 1,611.7 1,697.8 1,507.6 1,612.6 1,583.5 1,682.3 3,309.5 3,120.2 3,265.9 Less acquisitions* 2.8 22.2 16.0 10.4 12.9 2.5 25.0 26.4 15.4 Less disposals* 236.9 150.9 7.5 5
Slide 38: Cost out programs
Cost out programs $29.8m cost out benefit achieved in FY26 $M FY26 change To be Total cost Total change vs. last Activity FY24A FY25A FY26A vs. last delivered in savings estimates disclosure1 disclosure1 FY27 Stage 1 Total 25 - 30 28.1 28.1 28.1 ► 0.0 COMPLETE Stage 2 Total 60 - 70 66.2 66.2 66.2 ►
Slide 39: Other expenditure
Other expenditure Operating costs 1H24 2H24 1H25 2H25 1H26 2H26 FY24 FY25 FY26 Cost of Sales 182.0 202.4 162.0 198.3 175.7 197.5 384.3 360.3 373.2 Personnel 653.2 671.5 601.3 620.5 649.9 643.1 1,324.6 1,221.8 1,293.0 Occupancy 19.7 17.8 18.6 16.9 14.6 18.7 37.5 35.5 33.3 Other Direct 78.2 78.7 69.1
Slide 40: Margin Income returns
Margin Income returns FY26 Margin Income is $755.6m ($748.7m in constant currency) Total Group Margin Income Average Client Cash Balances and Yields 1H26 2H26 FY26 Margin Income $m 375.5 380.2 755.6 45 6.00% Avg client cash $bn 30.9 33.1 32.0 40 balances - Total 5.00% 35 Total MI yield % 2.43% 2.30%
Slide 41: Breakdown of average client cash balances
Breakdown of average client cash balances Legacy CCT Total Legacy CCT Total Legacy CCT Total Legacy CCT Total FY25 Actual 1H26 Actual 2H26 Actual FY26 Actual Total Balances ($bn) 13.9 16.0 29.9 14.6 16.3 30.9 16.2 16.9 33.1 15.4 16.6 32.0 Hedged Balances By Profile Fixed rate term deposits 2.7 1.6 4
Slide 42: Breakdown of Margin Income
Breakdown of Margin Income Legacy CCT Total Legacy CCT Total Legacy CCT Total Legacy CCT Total At actual rates FY25 Actual 1H26 Actual 2H26 Actual FY26 Actual Total Margin Income 389.9 371.3 761.1 188.4 187.1 375.5 197.6 182.6 380.2 385.9 369.7 755.6 Hedged Margin Income By Profile Fixed rate term d
Slide 43: Exposed and non-exposed average client cash balances by business
Exposed and non-exposed average client cash balances by business FY24 Balances Margin FY25 Balances Margin FY26 Balances Margin (USD bn) Income (USD bn) Income (USD bn) Income Exp + Exp + Exp + Non-Exp (USD m) Non-Exp (USD m) Non-Exp (USD m) Hedge Hedge Hedge Register Maintenance 3.4 0.3 138.7 3.6 0
Slide 44: Protecting Margin Income across the interest rate cycle
Protecting Margin Income across the interest rate cycle $1.9bn of Margin Income locked in irrespective of interest rate movements Total Hedged Margin Income ($m) 700 76% of total hedged margin income ($1.5bn) to be Total client balances ($bn) delivered in next 5 years. 97.4 600 100 70% 89.8 90 82.9
Slide 45: Profile of our existing swap, fixed, and floating term book
Profile of our existing swap, fixed, and floating term book Hedged balances ($bn) 1H27 2H27 1H28 2H28 1H29 2H29 1H30 2H30 1H31 2H31 1H32 2H32 1H33 2H33 1H34 2H34 1H35 2H35 1H36 2H36 By Profile 11.0 10.4 9.7 9.2 8.7 8.0 7.6 7.1 6.3 5.6 5.1 4.8 3.7 3.3 2.7 1.9 1.6 1.2 1.0 0.2 Fixed rate term balances
Slide 46: Balance and interest rate sensitivities on annualised Margin Income
Balance and interest rate sensitivities on annualised Margin Income A 3% interest rate environment is expected to generate $728m in annual MI, assuming FY27E client balance profile FY27E Margin Income Bridge ($m) FY27E Average Balances Bridge ($b) 3 80 92 1 0.1 0.1 1.0 756 756 770 770 32.9 679 679 3
Slide 47: Debt Facilities Maturity Profile and Composition – 30 June 2026
Debt Facilities Maturity Profile and Composition – 30 June 2026 Maturity Profile Composition of drawn debt facilities • Diverse sources of debt with public and private bonds combined with Bank facilities 9% • Average debt facility maturity is 3.1 yrs. Drawn 1000 debt maturity is 3.7yrs 28% 900 • Deb
Slide 48: Computershare's natural hedge – mitigating the impact of lower rates
Computershare’s natural hedge – mitigating the impact of lower rates Lower interest expense more than offsets impact of lower rates on Margin Income Impact of interest rate movements on MI ($237m) + = Impact of balances ($12.5m) Change in $34.1m Reduction in $21.6m Total Interest (value + mix) Margi
Slide 49: Balance sheet
Balance sheet At actual rates 1H24 FY24 1H25 FY25 1H26 FY26 Dec Jun Dec Jun Dec Jun Current Assets USD M 2,955.7 1,987.2 1,938.9 2,066.4 1,964.8 1,856.7 Non Current Assets USD M 3,225.8 3,131.4 3,109.4 3,269.0 3,139.1 3,110.0 Total Assets USD M 6,181.5 5,118.6 5,048.3 5,335.4 5,103.9 4,966.7 Current
Slide 50: Cash flow summary
Cash flow summary USD M (at actual rates) 1H24 FY24 1H25 FY25 1H26 FY26 Net operating receipts and payments 543.2 1,020.9 512.2 1,096.0 485.4 1,094.8 Net interest and dividends -65.2 -113.6 -40.4 -79.4 -33.8 -56.1 Income taxes paid -108.1 -176.2 -117.6 -192.9 -114.7 -202.1 Net operating cash flows e
Slide 51: Exchange rates
Exchange rates Currency 1H24 FY24 1H25 FY25 1H26 FY26 USD 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 AUD 1.5309 1.5250 1.5130 1.5441 1.5260 1.4728 HKD 7.8190 7.8190 7.7870 7.7897 7.7989 7.8114 NZD 1.6539 1.6481 1.6635 1.6923 1.7149 1.7091 INR 82.9649 83.0972 84.1159 85.0896 88.1827 90.5292 CAD 1.3509
Slide 52: Important notice
Important notice › Summary information: This announcement contains summary information about Computershare Limited (ACN 005 485 825) and its related bodies corporate (together “Computershare”) and Computershare’s activities current as at the date of this announcement. It should be read in conjunctio